April 2010 Headlines

The IRS Problem Solver: No More Fear in Filing

Millions of taxpayers are faced with the prospect of IRS audits. But is there a way to file from home without fear? 

Has America Seen the End of Prosperity?

Record deficits. High unemployment rates. Economist Arthur Laffer has a prescription for the ailing economy.

Jobless Claims Fall to Lowest Level in 4 Weeks

The number of Americans filing claims for unemployment benefits dropped for a second consecutive week, further evidence that the job market is slowing improving.

Analysts: U.S. Economy on the Rebound

Strong first quarter profits by companies across the economic spectrum suggest the U.S. economy is indeed bouncing back.

Investors Eye Markets After Dow Falls 200 Points

Investors worldwide are concerned that Greece and Portugal's economic woes are threatening a global recovery.

Ford Posts $2.1 Billion 1Q Profit on Strong Sales

Ford Motor Co. said Tuesday it earned $2.1 billion in the first quarter, another sign the economy is improving as people spend more on big-ticket items like cars.

Experts: U.S. Recovery Stronger Than Expected

America's leading economists say matters are starting to look up for the U.S. economy.

Federal Tax Credit Boosts Home Sales

New home sales rose all over the country, especially in the south, thanks to the federal tax credit for first-time home buyers.

E-mails Show Goldman Boasting Amid Meltdown

E-mails show top executives at Goldman Sachs Group Inc. boasting about profits as the national housing market collapsed.

New Orders for Most Durable Goods Rise

New orders for large manufactured goods dropped last month, but excluding the volatile transportation sector, orders rose by the most since the recession began.

Greek Debt Crisis Worsens as EU Revises Figures

Markets hammered Greece on Thursday after the EU revised the debt-ridden country's deficit and debt figures upward.

New Claims for Jobless Benefits Drop Sharply

First-time claims for jobless benefits fell sharply last week, evidence that employers are laying off fewer workers as the economy recovers.

GM Pays Back Gov't Loans Ahead of Schedule

General Motors Co. has repaid the $8.1 billion in loans it got from the U.S. and Canadian governments, a move its CEO says is a sign automaker is on the road to recovery.

IMF: Global Debt Threatens World Economy

The International Monetary Fund is now warning that out-of-control government debt is the greatest risk to global financial stability.

President Takes on Wall Street for Financial Reform

Obama will speak Thursday at Cooper Union in Manhattan, N.Y., calling for new federal regulations of big banks and investment companies.

Goldman Earns $3.3B in 1Q as Fraud Case Looms

Goldman Sachs Group Inc. said Tuesday its first-quarter earnings almost doubled to $3.3 billion as its trading business again surpassed the rest of the financial industry.

TARP, FDIC Push for Better Homeowner Protections

The heads of the Troubled Asset Relief Program and Federal Deposit Insurance Corporation are warning the U.S. needs to revamp its lending standards.

Airline Ash Losses Spiral Over $1 Billion

Shares of some European airlines fell as flight disruptions from the volcanic cloud moved into a fifth day.

 

Many Americans Desperate to Find Work

Jobseekers who've been unemployed for months can now reapply for benefits.

Government Accuses Goldman Sachs of Fraud

The government has accused Goldman Sachs & Co. of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was faltering.

March Housing Starts Gain on Multifamily Building

Housing construction posted a better-than-expected performance in March, rising to the highest level in 16 months on the strength of multi-family homes.

More Taxpayers Filing Their Own Returns

A growing number of people are doing their taxes themselves this year even though the tax code keeps getting more complicated.

Gov’t Panel: President’s Mortgage Program Not Working

A new report by the Obama administration's own watchdog group found that the White House's plan to help struggling homeowners has come up short.

Foreclosures Surge, Biggest Jump in 5 Years

Home foreclosure rates hit record highs in the first three months of 2010, according to a new report.

Dow's 11,000 a Big Deal? Maybe Not

For the first time in a year and a half, the Dow Jones Industrial Average is over 11,000. But does this really mean good news for the economy?

Economy Shows Signs of Growth

The Dow Jones industrials closed above 11,000 for the first time in a year and a half and last month employers added 162,000 jobs -- the largest job gain in three years.

Personal Income Down During Obama's Term

Americans are earning less money these days, according to a new report by the U.S. Commerce Department.

Economists Predict Recovery to Remain Slow into '11

Some of America's leading economists are predicting a slow recovery in unemployment and home sales well into 2011.

Unemployed Seek Gov't Programs for Assistance

Those who can't find work are becoming desperate, seeking help anywhere they can find it.

Pain at the Pump: Oil Prices on Rise Again

Americans may need to get ready to dig deep as the price of oil is once again on the rise.

Jobs Remain Scarce During Economic Recovery

The number of newly laid-off workers seeking unemployment benefits rose last week -- a sign that jobs remain scarce even as the economy recovers.

Greenspan Defends Record as Former Fed Chair

Alan Greenspan is defending his record as former head of the Federal Reserve.

Interest Rates Rising? What That Means for You

As the U.S. economy struggles to regain its footing, financial experts are predicting higher interest rates are on the way.

Oil Rises Above $86 a Barrel

Oil was hovering around $87 a barrel again Tuesday, its highest price level in 18 months.

Interest Rates Rise after Jobs Report

Some financial experts warn Friday's report signals the era of falling interest rates is over.

Jobs Report Shows Mixed Results

The Labor Department reported, Friday, 162,000 jobs were added in March, however, the unemployment rate remains at a record high.

Coke, Telecom Lead Investors to Post-Quake Haiti

Nearly 50 international donors pledged $9.9 billion to help Haiti recover from the Jan. 12 earthquake.