So-called patent trolls – which don't actually make anything – in recent years received significantly larger damages awards on average than those won by companies that make things, a new report found. Critics of "trolls," or nonpracticing entities, claim they hold...
Business
Where I Agree With the Teachers
On the fourth day of the teachers’ strike, protesters targeted school board member Penny Pritzker, whose family owns the Hyatt hotel chain. At 3:30 p.m., thousands of demonstrators dressed in red gathered outside the Hyatt Regency Chicago, at 151 E. Wacker Dr.,...
Jobless Claims Jump
In a separate report, a sharp rise in gasoline costs drove up wholesale prices last month by the most in more than three years. But outside energy and food, price gains were mild. Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted...
More Americans Can’t Afford Banks
In the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances, according to a new federal report. Not only are these Americans more...