Financial news on January 31, 2009

Business and Financial news
A Banker’s Tips for a Potential Business Borrower

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..

By J. ALEX TARQUINIO - The New York Times

Davos Off Piste: Getting Away from the Crowd

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..

By JAMES CONNELL - The New York Times

Exxon Posts Record 2008 Profit Despite Slip in 4th Quarter

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..

By JAD MOUAWAD and CLIFFORD KRAUSS - The New York Times

Investors Gloomy as January Disappoints

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..

By JACK HEALY - The New York Times

Japan’s Latest Woes Include Layoffs at NEC

The plight of Japan’s economy deepened as the computer maker announced 20,000 job cuts and Honda lowered its profit forecast. Read more..

By BETTINA WASSENER - The New York Times

Protesters Clash With Police in Geneva

Hundreds of people assembled to protest against the World Economic Forum at place Mont Blanc in central Geneva on Saturday. Read more..

By DEALBOOK - The New York Times

Smartphone From Dell? Just Maybe

Dell and other personal computer makers face a major test as they contemplate entering the mobile phone market. Read more..

By ASHLEE VANCE and MATT RICHTEL - The New York Times

Steep Slide in Economy as Unsold Goods Pile Up

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..

By LOUIS UCHITELLE - The New York Times

The End of the Affair?

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..

Shayla Harris - The New York Times

Warning Sounded as France Moves Ahead on Reactor

New evidence emerged to suggest that industry and governments might be unprepared to handle the toxic waste from nuclear reactors. Read more..

By JAMES KANTER - The New York Times

See what else happened on January 31, 2009