Monthly Archive:: September 2012

Fed’s Lacker Says More Stimulus Risks Inflation

       The Federal Reserve’s decision to buy more bonds and implement other such easing measures creates the possibility of raising inflation, Richmond Fed President Jeffrey Lacker said Tuesday. The central bank said last week it would begin buying an additional $40 billion of mortgage-backed securities a month on an open-ended

Apple Shares Surpass $700 and crosses key psychological barrier

Apple Inc.’s (AAPL) shares closed above $700 for the first time Tuesday after a record number of preorders for the new iPhone 5 hinted at strong demand for the company’s flagship smartphone this weekend. The Cupertino, Calif., company passed the intraday price milestone early Tuesday after its Monday news release reported more

Market News: Advanced Micro Devices Inc. (AMD), OCZ Technology Group Inc. (OCZ) and Oxigene Inc. (OXGN).

U.S. stocks closed lower Monday as the Dow Jones Industrial Average fell 40 points to 13553. The Standard & Poor’s 500-stock index shed 4.6 points to 1461, and the Nasdaq Composite was off 5.3 points to 3179. Among the companies with shares actively trading after hours are Advanced Micro Devices Inc. (AMD),