The Ticker

Bernanke soothes investors on bond buys

Federal Reserve Chairman Ben Bernanke mollified investors yesterday with testimony that the central bank's $85 billion per month in bond purchases "are by no means on a preset course."

Testifying before the House Financial Services Committee, Bernanke said the Fed's quantitative stimulus program depends on economic and financial developments.

TODAY

• Labor Department releases weekly jobless claims.
• Freddie Mac, the mortgage company, releases weekly mortgage rates.
• Conference Board releases leading indicators for June.

THE SHUFFLE

• JM Coull Inc., a 29-year-old Massachusetts construction firm, announced Richard Gilfoy, left, has been hired as chief financial officer. Gilfoy was most recently the chief financial officer at Cutler Associates, where he was responsible for all corporate financial matters and information technology.

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