Financial & Economic Blog

I work for a very small company, where one of my co-workers is my boss' son. I've only been here for about four months, and in that time, the son has shown up at work maybe half the days. He took three weeks off to go for a sailing trip for example, and hasn't been in yet this week (today is Thursday) because he had an argument with his girlfriend.

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U.S. stocks appeared poised to open higher Friday after Federal Reserve chief Ben Bernanke bolstered expectations for more rate cuts, paving the way for four straight sessions of gains on Wall Street.

What to do about the high cost of drugs? A cadre of academics and economists has a radical new answer: Take away the exclusive product patents the government grants a new drug and replace them with one-time cash awards to the innovating company.

A few weeks ago, Sprint Nextel and Clearwire, an upstart wireless company backed by cellular pioneer Craig McCaw, severed plans to jointly build wireless broadband services, a venture that was supposed to accelerate the nationwide rollout of a technology called WiMax.

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Read full story for latest details.

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Stocks struggled higher Thursday, at the end of a bumpy session in which investors mulled weak home sales and mixed corporate news ahead of a key speech from Fed chairman Ben Bernanke in the evening.

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