Financial news on January 23, 2010
Business and Financial news
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..
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..
Events of the week, including the outcome of the Senate race in Massachusetts, combined to shake the markets. Read more..
The 2009 bonus for the chief executive, James P. Gorman, will be in deferred stock and cash. Read more..
Dan Glickman is to become president of the relief organization, Refugees International. Read more..
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..
Overdraft fees had helped to subsidize free checking, but as those fees begin to fall, free checking may disappear. Read more..
Lower profits on items like jet engines and continued problems in commercial lending hurt results. Read more..
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..
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..