Financial news on January 24, 2009

Business and Financial news
As Mergers and Other Work Dry Up, Bankruptcy Becomes Lawyers’ Oasis

To avoid downsizing as the economy declines, law firms are migrating to where creditors fight over corporate remains. Read more..

By JONATHAN D. GLATER - The New York Times

Britain and Spain Show More Signs of a Slowdown

As Britain officially falls into recession, unemployment in Spain hits an eight-year high. Read more..

By MATTHEW SALTMARSH - The New York Times

Costs and Tighter Rules Thwart Refinancings

Interest rates are falling, but many potential borrowers may not qualify for the best rates. Read more..

By TARA SIEGEL BERNARD - The New York Times

Economic Setbacks That Define the Bush Years

While the middle years of the Bush term were mostly positive, it began and ended with recessions. Read more..

By FLOYD NORRIS - The New York Times

First Bailout Formula Had It Right

Dealing with banks’ bad assets should be high on the list now. So how do we go about it? Read more..

By JOE NOCERA - The New York Times

G.E. Meets Expectations for Fourth Quarter, but Questions Persist for 2009

The mixed fourth-quarter performance is unlikely to resolve the uncertainty about the outlook for the giant industrial and finance conglomerate. Read more..

By STEVE LOHR - The New York Times

Shares Mixed, Closing a See-Saw Week

The major indexes finished about 2 percent lower for the week, their third week of losses. Read more..

By JACK HEALY - The New York Times

Surviving in a Financial World With Limits

In a year when the sins of a few are being paid for by many, it is appropriate for people at all income levels to adopt some survival techniques. Read more..

By PAUL SULLIVAN - The New York Times

The Inaugural Glamour as Seen From a Taxi Stand

An executive pitched in at the Four Seasons for a historic day in Washington. Read more..

By HARRY HURT III - The New York Times

Third Bank Is Seized This Year

First Centennial Bank of Redlands, Calif., was seized by a state regulator, the third bank in the nation to fail this year. Read more..

By BLOOMBERG NEWS - The New York Times

See what else happened on January 24, 2009