Financial news on January 31, 2009
Business and Financial news
Bob Seiwert of the Center for Commercial Lending and Business Banking at the American Bankers Association spoke about the challenges facing small-business owners seeking business loans. Read more..
To really escape the crowds, it is best to avoid the wide, well groomed trails of the five-mountain Davos Klosters area and head for the back country. Read more..
Exxon’s fourth-quarter income fell 33 percent as prices dropped, but its profit for the year was $45.2 billion, a record for an American corporation. Read more..
Stocks slumped for a second day on Friday as investors took a milder-than-expected reading on the economy as a sign that the worst is yet to come. Read more..
The plight of Japan’s economy deepened as the computer maker announced 20,000 job cuts and Honda lowered its profit forecast. Read more..
Hundreds of people assembled to protest against the World Economic Forum at place Mont Blanc in central Geneva on Saturday. Read more..
Dell and other personal computer makers face a major test as they contemplate entering the mobile phone market. Read more..
The gross domestic product saw its biggest contraction in 26 years in the quarter, adding to the urgency of a stimulus package to rein in the recession. Read more..
As the recession leads to a drop in consumer spending, shoppers just aren't feeling the love like they used to at The Mall of America. Read more..
New evidence emerged to suggest that industry and governments might be unprepared to handle the toxic waste from nuclear reactors. Read more..