Financial news on January 23, 2010

Business and Financial news
3-Day Slide Sends Markets Down About 5 Percent

The main focus remained President Obama’s plan for tighter restrictions on the banks, but worries about Bernanke’s confirmation also played a role. Read more..

By JAVIER C. HERNANDEZ and MATTHEW SALTMARSH - The New York Times

A Rift at the Fed Over the Bailout of A.I.G.

Documents submitted to investigators examining the rescue of A.I.G. show that officials at the Federal Reserve were divided over the bailout and its long-term implications. Read more..

By LOUISE STORY and GRETCHEN MORGENSON - The New York Times

A Weekend to Deal With Ifs, Ands and Buts

Events of the week, including the outcome of the Senate race in Massachusetts, combined to shake the markets. Read more..

By FLOYD NORRIS - The New York Times

Bonus Tops $8 Million for Chief at Morgan

The 2009 bonus for the chief executive, James P. Gorman, will be in deferred stock and cash. Read more..

By GRAHAM BOWLEY - The New York Times

Chief of Hollywood Trade Group to Step Down

Dan Glickman is to become president of the relief organization, Refugees International. Read more..

By MICHAEL CIEPLY - The New York Times

Debt Burden Now Rests More on U.S. Shoulders

China lent an estimated 4.6 percent of the money the United States borrowed in 2009, down from 20.2 percent in 2008. Read more..

By FLOYD NORRIS - The New York Times

Free Checking Could Go the Way of Free Toasters

Overdraft fees had helped to subsidize free checking, but as those fees begin to fall, free checking may disappear. Read more..

By RON LIEBER - The New York Times

G.E. Profit Drops 19%, but Beats Predictions

Lower profits on items like jet engines and continued problems in commercial lending hurt results. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Korean Air Returns to Profit as Travel Picks Up in Asia

Passenger and air freight numbers rallied in the Asia-Pacific region in December, and Korean Air returned to profit during the last quarter of 2009. Read more..

By BETTINA WASSENER - International Herald Tribune

Supplier Accused of Bribes for U.N. Contracts

Federal prosecutors have accused Richard T. Bistrong of paying business bribes to get contracts to supply protective gear to United Nations peacekeeping forces. Read more..

By DIANA B. HENRIQUES - The New York Times

See what else happened on January 23, 2010