Archive for April, 2010
Spain suffers 20% unemployment
The unemployment rate in Spain reached 20% in the first quarter, the Spanish government announced Friday, with 4.6 million people out of work in the country.
Debt roulette: Is Portugal next?
As Greece barreled closer to the edge of a debt default this week, fears that the crisis would infect other countries rattled the world’s financial markets. “It’s not a question of the danger of contagion,” Angel Gurria, the head of the Organization for Economic Cooperation, said. “Contagion has already happened. This is like Ebola.”
Forget Goldman. Buy gold, man?
The financial story of the week was clearly the epic Goldman Sachs hearing in the Senate.
Weighing a rollover to a Roth IRA
Did you know you can now roll over your traditional IRA or old 401(k) into a Roth IRA no matter what your income is — thanks to a new law that took effect this year? So far, not many people know this, according to a new report out by Fidelity Investments.
Coinstar’s stock up 23% on soaring Redbox movie rentals
Shares of Redbox’s parent company Coinstar jumped 23% Friday morning after profits more than tripled in the first quarter on much better-than-expected revenue from DVD rentals.
Bad news for Goldman and Greece, good for bonds
Treasury prices rose Friday, after headlines renewed concerns about Greece’s aid package and a credit rating agency downgraded Goldman Sachs stock.
Goldman shares tumble on "sell" rating
Goldman Sachs stock tumbled Friday after a pair of analysts cut their rating on the firm amid reports of a federal criminal investigation into the Wall Street investment bank.
California insurer backs away from 39% hike
Anthem Blue Cross has withdrawn its request to increase premiums by as much as 39% for its California customers, citing provisions in the new health care reform law.
Spain unemployment soars
Unemployment in Spain has reached 20%, meaning 4.6 million people are out of work, the Spanish government announced Friday.
Economy grows for third straight quarter
The U.S. economy kept growing in the first three months of this year but at a much slower pace than at the end of 2009, according to a government report Friday.
