Stocks Close Higher for the Week, Once Again

Stocks closed modestly mixed on light volume Friday in the last full trading week of the year, which marked the third week in a row of overall gains. While drugmakers Pfizer and Merck put a damper on the Dow, robust earnings fr…

The Risks of the Coming Tax-Cut Stock Rally

If the extension of the Bush tax cuts triggers a market rally, as many expect, investors will likely rush in. But caution is advised: High prices can also mean high risk. Here are some tips from Alan Lancz, director of research…

Pharmaceutical News Roundup: Human Genome, Merck, Novartis

Here’s a roundup of some of Wednesday’s major pharmaceutical news: An FDA panel gave Human Genome Sciences a boost with a thumbs-up for its lupus drug, Benlysta; Merck’s experimental heart drug appears to work well without side…