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Spain is in better shape financially, and can afford the high rates for a few weeks at least. However, a long-term solution is badly needed to prevent the nation, which has an unemployment rate near 25 percent, from defaulting. A pair of acquisitions were announced Monday. The nation's second largest health insurer, WellPoint Inc., is paying $4.46 billion to acquire Amerigroup Corp., a provider of Medicaid coverage provider. With the acquisition, Wellpoint seeks to become a major player in state and federally funded programs like Medicaid. Its stock rose $2.04, or 3.4 percent, to $61.95. Amerigroup soared $24.45, or 38 percent, to $88.79. Also on Monday, the world's biggest soup maker, Campbell Soup Co., said it will buy natural foods maker Bolthouse Farms in a $1.55 billion cash deal. Campbell stock fell 27 cents, or about 1 percent, to $32.72. Among other stocks making big moves: LinkedIn, the social networking company, fell $5.88, or 5.4 percent, to $102.98 after reports that Facebook would add a job search feature to its website, which could pose direct competition for LinkedIn. FTI Consulting, a business advisory company, lost $1.70, or 5.8 percent, to $27.43 after announcing on Friday that it was planning to cut 3 percent of its work force. Visa and MasterCard fell after an analyst recommended investors sell those stocks because of the global economic slowdown. MasterCard fell $10.36 to $431.27, while Visa fell $1.63 to $123.65.
[Associated
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