Years from now, 2010 will be considered a turning point for the economy and the country. We passed two landmark pieces of legislation that overhauled the health care and financial industries, and we experienced the first full year of economic growth after the Great Recession.
But for many Americans, 2010 was historic for all the wrong reasons. Corporate profits recovered, but at the sake of low labor costs, as high unemployment stayed frozen at nine-and-a-half percent. The stock market gradually climbed, but it was besieged by both far-flung debt crises and domestic flash crashes. The housing market stabilized and de-stabilized and the Fed has finally agreed on another round of easy money.
Here are the top stories in business for the year 2010.
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