March 8th, 2010
Icelanders rejected by a massive majority a bill that would saddle each citizen with $16,400 of debt in protest at U.K. and Dutch demands that they cover losses triggered by the failure of a private bank.
Ninety-three percent voted against the so-called Icesave bill, according to preliminary results on national broadcaster RUV. Final results […]
Compare health insurance plans and insurance rates on family and individual health insurance. Free health quotes and more.
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February 28th, 2010
Despite lower revenue due to sharply lower commodity prices and power generation nationwide, Calpine Corp. on Thursday said it had reduced its losses in the fourth quarter of 2009 compared to the year-earlier period.
Houston-based Calpine (NYSE: CPN) reported a net loss of $43 million, or 9 cents a share, for the three months ended Dec. […]
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February 17th, 2010
First, the good news: Foreclosure filings dropped nearly 10% between December and January.
That’s a total of 315,716 notices compared to 349,519 in December, according to RealtyTrac, which issues a monthly report on foreclosure activity.
Now, the bad news: Filings rose 15% compared to a year ago, and the number of people who actually had […]
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January 21st, 2010
The new year has barely begun and already one of 2010s most important analyses of economics has appeared.
It’s John Cassidy’s rather brave confrontation with the so-called "Chicago School" of neo-con economists, whose free-market doctrines laid the groundwork for the epic global financial crisis we’ve just endured.
We have paid a heavy price for the […]
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January 16th, 2010
JEFFERSON CITY — Foreclosures are running at an all-time high. And few think that will change any time soon.
So what do you do about them?
That was the subject of a conference here Thursday, where dozens of foreclosure counselors and experts from across the state gathered to talk about ways to try to […]
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December 30th, 2009
Shoppers may have boosted retailers with slightly better sales this year. But only when compared to a disastrous 2008. And that’s no guarantee that consumers’ shop ’til you drop mentality is back.
Most retailers won’t report their December sales results until next month, but early forecasts indicate things could be less awful than last year. […]
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December 24th, 2009
Yacht exporters are riding a weaker dollar and reduced prices to new markets, while domestic sellers are seeing signs that the market’s doldrums are coming to an end.
Yacht exports to Northern Europe were healthy before the recession since the dollar was still weaker than the Euro. But the international financial tidal wave left fewer buyers, […]
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December 17th, 2009
Customers snapping up electronics and gift cards for the holidays boosted Best Buy’s third-quarter profit, but the nation’s largest electronics retailer said Tuesday that shoppers are focused on prices, particularly of TVs and computers.
Best Buy predicted consumers will stay that way in the fourth quarter, squeezing its profit margin. That forecast sent […]
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December 14th, 2009
The Santa Clara Valley Transportation Authority will reduce its operating budget $15 million next year and defer purchase of new buses as it continues to grapple with a $70 million budget deficit over the next two years.
Members of the board of directors of VTA — which provides bus, light rail and paratransit service throughout Santa […]
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December 12th, 2009
Top executives at Goldman Sachs will not be paid cash bonuses this year, the company said Thursday.
In the face of public outrage over Wall Street bonuses, the company said that its 30-member management committee will receive restricted company stock instead.
Goldman Sachs’ (GS, Fortune 500) bonus pool is currently on track to hit $21 billion […]
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