Market gets Bernanke boost
The stock market, which has been marching higher for a week, got extra fuel yesterday after Federal Reserve Chairman Ben Bernanke said the central bank will keep supporting the economy. The Dow Jones industrial average surged to a record 15,460.92 points and Standard & Poor's 500 hit an all-time high of 1,675.02.
Minority summit on new economy
More than 250 thought leaders will gather at MIT beginning today for a three-day conference aimed at increasing the number of women and minorities in the innovation economy. Gov. Deval Patrick, talk show host Tavis Smiley and record producer Quincy Jones will be among the 30 speakers at the Platform Inaugural Summit.
Deal emerging on student loans
An emerging deal to lower interest rates on student loans took shape yesterday, offering Democrats promises that interest rates would not reach 10 percent and giving Republicans a link between borrowing terms and the financial markets.
TODAY
- Labor Department releases the Producer Price Index for June.
THE SHUFFLE
- Cambridge Savings Bank announced the ap- pointment of Michael Gilles, above, as executive vice president and chief financial officer. Gilles' duties include the bank's financial reporting and risk management programs.
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