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<dc:date>2012-05-16T17:50+07:00
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<item rdf:about="http://www.npr.org/2012/05/16/152846195/fed-more-open-to-helping-the-economy-if-needed?ft=1&#x26;f=1006">
<title>Fed More Open To Helping The Economy If Needed</title>
<link>http://www.npr.org/2012/05/16/152846195/fed-more-open-to-helping-the-economy-if-needed?ft=1&#x26;f=1006</link>
<description><![CDATA[Minutes of the Federal Reserve's April 24-25 meeting released Wednesday stated that "several members" thought additional Fed support could be needed if the recovery lost momentum or if the risks to the economy became great enough.]]></description>
</item>

<item rdf:about="http://www.npr.org/blogs/health/2012/05/16/152831686/buyers-of-hyped-skechers-toning-shoes-can-get-refunds?ft=1&#x26;f=1006">
<title>Buyers Of Hyped Skechers &#x27;Toning Shoes&#x27; Can Get Refunds </title>
<link>http://www.npr.org/blogs/health/2012/05/16/152831686/buyers-of-hyped-skechers-toning-shoes-can-get-refunds?ft=1&#x26;f=1006</link>
<description><![CDATA[Skechers has agreed to pay $40 million to settle claims that it deceived its customers by saying its Shape-ups shoes would help people who wore them shed pounds and tone their abs, buttocks and legs, the Federal Trade Commission said.]]></description>
</item>

<item rdf:about="http://www.npr.org/2012/05/16/152824355/autos-help-speedup-in-factory-production?ft=1&#x26;f=1006">
<title>Autos Help Speedup In Factory Production </title>
<link>http://www.npr.org/2012/05/16/152824355/autos-help-speedup-in-factory-production?ft=1&#x26;f=1006</link>
<description><![CDATA[Manufacturing rose 0.6 percent in April, erasing a 0.5 percent decline in March. Half of the April increase reflected a 3.9 percent jump in the production of motor vehicles and parts, the Federal Reserve said.]]></description>
</item>

<item rdf:about="http://www.npr.org/blogs/money/2012/05/16/150957728/how-facebook-can-live-up-to-the-hype?ft=1&#x26;f=1006">
<title>How Facebook Can Live Up To The Hype</title>
<link>http://www.npr.org/blogs/money/2012/05/16/150957728/how-facebook-can-live-up-to-the-hype?ft=1&#x26;f=1006</link>
<description><![CDATA[Facebook needs more users — and it needs to figure out how to make more money off of each user.]]></description>
</item>

<item rdf:about="http://www.npr.org/2012/05/16/152818100/housing-construction-up-2-6-percent-in-april?ft=1&#x26;f=1006">
<title>Housing Construction Up 2.6 Percent In April</title>
<link>http://www.npr.org/2012/05/16/152818100/housing-construction-up-2-6-percent-in-april?ft=1&#x26;f=1006</link>
<description><![CDATA[Builders broke ground at a seasonally adjusted annual pace of 717,000 homes last month. Construction rose for both single-family homes and apartments. Building permits, a gauge of future construction, fell 7 percent because of a sharp drop in applications to build apartments.]]></description>
</item>

<item rdf:about="http://www.npr.org/blogs/thetwo-way/2012/05/16/152816508/greece-sets-new-election-for-june-17-fear-of-bank-runs-reported?ft=1&#x26;f=1006">
<title>Greece Sets New Election For June 17; Fear Of Bank Runs Reported</title>
<link>http://www.npr.org/blogs/thetwo-way/2012/05/16/152816508/greece-sets-new-election-for-june-17-fear-of-bank-runs-reported?ft=1&#x26;f=1006</link>
<description><![CDATA[The country will try again to form a government. Meanwhile, its president worries about million so euros being pulled out of Greek banks. And talk of a "Grexit" from the euro zone is increasing.]]></description>
</item>

<item rdf:about="http://www.npr.org/blogs/thetwo-way/2012/05/16/152815099/folks-seem-to-like-it-so-facebook-boosts-size-of-stock-offering-by-25-percent?ft=1&#x26;f=1006">
<title>Folks Seem To Like It, So Facebook Boosts Size Of Stock Offering By 25 Percent</title>
<link>http://www.npr.org/blogs/thetwo-way/2012/05/16/152815099/folks-seem-to-like-it-so-facebook-boosts-size-of-stock-offering-by-25-percent?ft=1&#x26;f=1006</link>
<description><![CDATA[The hoopla continues over Facebook's initial public offering of stock, which is set for Friday.]]></description>
</item>

<item rdf:about="http://www.npr.org/2012/05/16/152809409/business-news?ft=1&#x26;f=1006">
<title>Bershire Hathaway Buy 10 Million Shares Of GM</title>
<link>http://www.npr.org/2012/05/16/152809409/business-news?ft=1&#x26;f=1006</link>
<description><![CDATA[Berkshire Hathaway, owned by billionaire investor Warren Buffett, spent more than $200 million on the car company. It's the first time Berkshire has invested in an American automaker.]]></description>
</item>

<item rdf:about="http://www.npr.org/2012/05/16/152809411/portugal-looks-back-on-1-year-since-its-bailout?ft=1&#x26;f=1006">
<title>Portugal Looks Back On 1 Year Since Its Bailout</title>
<link>http://www.npr.org/2012/05/16/152809411/portugal-looks-back-on-1-year-since-its-bailout?ft=1&#x26;f=1006</link>
<description><![CDATA[In Portugal, austerity has meant up to a 30 percent pay cut for civil servants. Unemployment is at more than 15 percent, and the economy continues to shrink. The European Union recently warned the Portuguese people may have to sacrifice even more.]]></description>
</item>

<item rdf:about="http://www.npr.org/2012/05/16/152809413/the-latest-on-greeces-financial-crisis?ft=1&#x26;f=1006">
<title>Political Limbo May Further Erode Greece&#x27;s Stability</title>
<link>http://www.npr.org/2012/05/16/152809413/the-latest-on-greeces-financial-crisis?ft=1&#x26;f=1006</link>
<description><![CDATA[Greece will hold new elections next month after leaders failed to form a government this week. The political uncertainty has raised fears that the heavily indebted country will be forced to exit the eurozone.]]></description>
</item>

<item rdf:about="http://www.npr.org/2012/05/16/152809415/the-last-word-in-business?ft=1&#x26;f=1006">
<title>Yankee Candles&#x27; New Scents Are Made For Men</title>
<link>http://www.npr.org/2012/05/16/152809415/the-last-word-in-business?ft=1&#x26;f=1006</link>
<description><![CDATA[Fragrances for the man candles include Riding Mower, which smells like freshly cut grass, and First Down, which has the smell of orange and leather.]]></description>
</item>

<item rdf:about="http://www.npr.org/2012/05/16/152809395/debt-ceiling-debate-is-revived-in-washington?ft=1&#x26;f=1006">
<title>Debt Ceiling Debate Is Revived In Washington</title>
<link>http://www.npr.org/2012/05/16/152809395/debt-ceiling-debate-is-revived-in-washington?ft=1&#x26;f=1006</link>
<description><![CDATA[Treasury Secretary Timothy Geithner warned on Tuesday that the U.S. will likely hit its debt limit sometime before the end of the year. At the same event in Washington, House Speaker John Boehner promised that any increase in the nation's debt ceiling would have to be accompanied by corresponding budget reductions. .]]></description>
</item>

<item rdf:about="http://www.npr.org/2012/05/16/152809417/majority-of-shareholders-still-support-jpmorgan-chase?ft=1&#x26;f=1006">
<title>Majority Of Shareholders Still Support JPMorgan</title>
<link>http://www.npr.org/2012/05/16/152809417/majority-of-shareholders-still-support-jpmorgan-chase?ft=1&#x26;f=1006</link>
<description><![CDATA[JPMorgan Chase hosted its annual shareholder meeting in Tampa Tuesday, and it was the first chance for shareholders to weigh in on the banks problems. News the bank lost at least $2 billion in a botched trading strategy gave fresh fodder to critics who want banks to be more tightly regulated.]]></description>
</item>

<item rdf:about="http://www.npr.org/2012/05/16/152809397/appeals-court-moves-toward-identifying-donors?ft=1&#x26;f=1006">
<title>Appeals Court Moves Toward Identifying Donors</title>
<link>http://www.npr.org/2012/05/16/152809397/appeals-court-moves-toward-identifying-donors?ft=1&#x26;f=1006</link>
<description><![CDATA[A ruling this week by a federal appeals court means non-profit groups running one type of political campaign ad will no longer be able to keep their donors secret. The appellate order, however, could be appealed.]]></description>
</item>

<item rdf:about="http://www.npr.org/2012/05/16/152809399/certain-ford-retirees-face-major-pension-decision?ft=1&#x26;f=1006">
<title>Certain Ford Retirees Face Major Pension Decision</title>
<link>http://www.npr.org/2012/05/16/152809399/certain-ford-retirees-face-major-pension-decision?ft=1&#x26;f=1006</link>
<description><![CDATA[Ford Motor Company is making tens of thousands of white-collar retirees decide whether they want to keep getting their pension in monthly installments, or get a lump sum payout. Ford sees the unprecedented move as a way to reduce the company's liabilities.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/26i5AKJjW-I/index.htm">
<title>Verizon to end unlimited data for upgraders</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/26i5AKJjW-I/index.htm</link>
<description><![CDATA[Verizon Wireless is planning this summer to begin forcing smartphone customers with unlimited data plans to switch to tiered plans when they upgrade, the company's chief financial officer told Wall Street analysts on Wednesday.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/JVty-_Z7tgw/index.htm">
<title>Outgoing World Bank chief: Fix eurozone</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/JVty-_Z7tgw/index.htm</link>
<description><![CDATA[Outgoing World Bank President Robert Zoellick said Wednesday he's concerned about the "ripple effects" on the rest of the eurozone if Greece leaves.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/XkKkPBtu6iU/index.htm">
<title>Federal Reserve concerned about fiscal cliff</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/XkKkPBtu6iU/index.htm</link>
<description><![CDATA[The Federal Reserve is worried about indecision in Congress.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/KJR4jEUSbd8/index.htm">
<title>Fiscal cliff: What you need to know</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/KJR4jEUSbd8/index.htm</link>
<description><![CDATA[On Tuesday, House Speaker John Boehner all but promised an ugly fight over the debt ceiling this year unless GOP demands for spending cuts are met.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/F6v2yvtt3zI/index.htm">
<title>Is Greece the Lehman of 2012?</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/F6v2yvtt3zI/index.htm</link>
<description><![CDATA[With apologies to John Lennon: Imagine a eurozone without Greece. It's easy if you try.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/kD51O-S7LHk/index.htm">
<title>Half of U.S. cell phones are now smartphones</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/kD51O-S7LHk/index.htm</link>
<description><![CDATA[Smartphones are now more common than "dumb" phones.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/vJ8vO_ujGkc/index.htm">
<title>FBI opens JPMorgan investigation</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/vJ8vO_ujGkc/index.htm</link>
<description><![CDATA[The director of the Federal Bureau of Investigation said Wednesday that the agency has opened an investigation into JPMorgan Chase, the nation's largest bank.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/imzcnJFWLYo/index.htm">
<title>European leaders scramble to contain Greek debt crisis</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/imzcnJFWLYo/index.htm</link>
<description><![CDATA[Leaders across Europe rushed to reassure nervous investors that they were working to keep Greece in the eurozone -- trying to head-off damage an exit would inflict on other troubled European countries.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/h6wv_kPqEec/index.htm">
<title>J.C. Penney stock plunges on dismal earnings</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/h6wv_kPqEec/index.htm</link>
<description><![CDATA[Investors dumped J.C. Penney stock on Wednesday after a dismal earnings report, following the first full quarter with a former Apple executive at the helm.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/F-YNWHQmlNs/index.htm">
<title>Roger Penske: Racetrack capitalist</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/F-YNWHQmlNs/index.htm</link>
<description><![CDATA[The death of Carroll Shelby last week got me thinking about what race car drivers do after they pull into the pit lane for the last time. Some, like Shelby, have made even bigger names for themselves off-track than on.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/r-OHLbDSpH4/index.htm">
<title>You&#x27;re only worth $1.21 to Facebook</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/r-OHLbDSpH4/index.htm</link>
<description><![CDATA[How much does Facebook value its users? In strictly monetary terms, about as much as a bag of chips.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/423wka06k7E/index.htm">
<title>Mortgage delinquencies drop to 4-year low</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/423wka06k7E/index.htm</link>
<description><![CDATA[The percentage of borrowers who have dropped behind on their mortgage payments fell to a four-year low in the first three months of 2012, a bankers' group said Wednesday.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/IkzI9J9_h1g/index.htm">
<title>Greece worries weigh on U.S. stocks</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/IkzI9J9_h1g/index.htm</link>
<description><![CDATA[Following a positive start, U.S. stocks closed in the red for a fourth straight session Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/0jBoxNrt7qU/index.htm">
<title>Should you buy Facebook?</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/0jBoxNrt7qU/index.htm</link>
<description><![CDATA[Facebook's IPO is causing a frenzy among investors eager to get a piece of the social networking website.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/EYe4qICwHWQ/index.htm">
<title>Facebook to sell 25% more shares</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/EYe4qICwHWQ/index.htm</link>
<description><![CDATA[Facebook announced Wednesday that 25% more shares of the company will be sold in its planned initial public offering later this week.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/Y7fP5pek7RA/index.htm">
<title>George Lucas proposes affordable housing plan</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/Y7fP5pek7RA/index.htm</link>
<description><![CDATA[The film emperor may be striking back. For 25 years, filmmaker George Lucas tried to persuade his Marin County, Calif., neighbors to let him build a digital production studio on his ranch there, but the area's residents thwarted the plan.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/h2Bln1S8EpA/index.htm">
<title>Stay-at-home mom fights new credit card rule</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/h2Bln1S8EpA/index.htm</link>
<description><![CDATA[After nearly five years managing her family's finances, Holly McCall, a 34-year old stay-at-home mother of two from Vienna, Va., never thought she would have trouble getting a credit card.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/W5toB-qA6n8/index.htm">
<title>Stocks to weigh Greece, U.S. economy</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/W5toB-qA6n8/index.htm</link>
<description><![CDATA[U.S. stocks were set for a higher open Wednesday, as investors weigh  political uncertainty in Greece against mixed earnings reports and housing data.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/riKkzeMCYKc/index.htm">
<title>Surprise! SUVs are more popular than ever</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/riKkzeMCYKc/index.htm</link>
<description><![CDATA[If you thought the "SUV craze" was over, you're wrong. Very wrong. Market share for SUVs in recent months is the largest it has ever been.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/PlZA3yVoiXg/index.htm">
<title>Businesses are recovering, but Washington didn&#x27;t help</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/PlZA3yVoiXg/index.htm</link>
<description><![CDATA[It's a question that could determine if President Obama gets to serve another term: Are you better off than you were four years ago?]]></description>
</item>

<item rdf:about="http://www.newyorker.com/talk/financial/2009/12/07/091207ta_talk_surowiecki">
<title>James Surowiecki: Why the Chinese don&#x26;#8217;t spend.</title>
<link>http://www.newyorker.com/talk/financial/2009/12/07/091207ta_talk_surowiecki</link>
<description><![CDATA[8220;China makes, the world takes.&#8221; For decades, that has been the motto of the Chinese economy, which is built on providing an endless supply of goods for the rest of the world to buy. But these days there&#8217;s a palpable sense that this needs to change&#160;.&#160;.&#160;.]]></description>
</item>

<item rdf:about="http://www.newyorker.com/talk/financial/2009/10/19/091019ta_talk_surowiecki">
<title>James Surowiecki: Exit Through Lobby</title>
<link>http://www.newyorker.com/talk/financial/2009/10/19/091019ta_talk_surowiecki</link>
<description><![CDATA[Resigning in protest is not in the American grain. Robert McNamara stuck around as Secretary of Defense even after he decided that the Vietnam War was a disaster; Colin Powell did the same during the Bush Administration&#8217;s push for war with Iraq; and in the lead-up to&#160;.&#160;.&#160;.]]></description>
</item>

<item rdf:about="http://www.newyorker.com/talk/financial/2009/10/12/091012ta_talk_surowiecki">
<title>James Surowiecki: Will consumer spending really stay down?</title>
<link>http://www.newyorker.com/talk/financial/2009/10/12/091012ta_talk_surowiecki</link>
<description><![CDATA[For all the uncertainty about the current state of the economy, everyone is sure of one thing: this recession has permanently remade American consumers, turning them from spendthrifts into tightwads. From cover stories on &#8220;The New Frugality&#8221; to stories about cheapness as a new status symbol and pundits&#160;.&#160;.&#160;.]]></description>
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<item rdf:about="http://www.newyorker.com/talk/financial/2009/09/28/090928ta_talk_surowiecki">
<title>James Surowiecki: Ratings Downgrade</title>
<link>http://www.newyorker.com/talk/financial/2009/09/28/090928ta_talk_surowiecki</link>
<description><![CDATA[When Barack Obama went to Wall Street last week to make the case for meaningful financial regulation, he took well-deserved shots at some of the villains of the financial crisis: greedy bankers, reckless investors, and captive regulators. But to that list he could have added credit-rating agencies like&#160;.&#160;.&#160;.]]></description>
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<item rdf:about="http://www.newyorker.com/talk/financial/2009/09/14/090914ta_talk_surowiecki">
<title>James Surowiecki: Recovery and the fear of inflation.</title>
<link>http://www.newyorker.com/talk/financial/2009/09/14/090914ta_talk_surowiecki</link>
<description><![CDATA[The economy is still limping, job losses are still rising, and consumers are still reluctant to open their wallets. So it&#8217;s the perfect time to worry about . . . inflation? Apparently so, because, of late, the cries of inflation hawks have grown increasingly loud. Pointing to huge deficit spending, and&#160;.&#160;.&#160;.]]></description>
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<item rdf:about="http://www.newyorker.com/talk/financial/2009/08/31/090831ta_talk_surowiecki">
<title>James Surowiecki: Status-Quo Anxiety</title>
<link>http://www.newyorker.com/talk/financial/2009/08/31/090831ta_talk_surowiecki</link>
<description><![CDATA[There are times when Americans&#8217; attitude toward health-care reform seems a bit like St. Augustine&#8217;s take on chastity: Give it to us, Lord, but not yet. In theory, the public overwhelmingly supports reform&#8212;earlier this year, polls showed big majorities in favor of fundamental change&#160;.&#160;.&#160;.]]></description>
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<item rdf:about="http://www.newyorker.com/talk/financial/2009/07/27/090727ta_talk_surowiecki">
<title>James Surowiecki: Fifty Ways To Kill Recovery</title>
<link>http://www.newyorker.com/talk/financial/2009/07/27/090727ta_talk_surowiecki</link>
<description><![CDATA[If you came up with a list of obstacles to economic recovery in this country, it would include all the usual suspects--our still weak banking system, falling house prices, overindebted consumers, cautious companies. But here are fifty culprits you might not have thought of: the states. Federalism, often described&#160;.&#160;.&#160;.]]></description>
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<item rdf:about="http://www.newyorker.com/talk/financial/2009/07/06/090706ta_talk_surowiecki">
<title>James Surowiecki: Caveat Mortgagor</title>
<link>http://www.newyorker.com/talk/financial/2009/07/06/090706ta_talk_surowiecki</link>
<description><![CDATA[In 1937, the Massengill Company began selling a health product called Elixir Sulfanilamide, which contained one of the antibiotic sulfa drugs. Unfortunately, it also contained diethylene glycol, a solvent that happens to be deadly to humans. In a matter of months, the elixir killed more than a hundred consumers. The&#160;.&#160;.&#160;.]]></description>
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<item rdf:about="http://www.newyorker.com/talk/financial/2009/06/22/090622ta_talk_surowiecki">
<title>Will gas prices pump up inflation?</title>
<link>http://www.newyorker.com/talk/financial/2009/06/22/090622ta_talk_surowiecki</link>
<description><![CDATA[How fast the world turns. Only a few months ago, as consumer spending evaporated and commodity prices collapsed, investors and policymakers were haunted by the spectre of deflation. Today, with the economy showing some signs of bottoming and commodity prices back on the rise, the worry du jour has suddenly&#160;.&#160;.&#160;.]]></description>
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<item rdf:about="http://www.newyorker.com/talk/financial/2009/06/08/090608ta_talk_surowiecki">
<title>James Surowiecki: Argentina&#x27;s great coin shortage.</title>
<link>http://www.newyorker.com/talk/financial/2009/06/08/090608ta_talk_surowiecki</link>
<description><![CDATA[As you walk into the Retiro train station in downtown Buenos Aires these days, you pass a long line of people snaking their way from the station&#8217;s entrance to a single window. At first glance, this is unsurprising: what&#8217;s more common than a queue in a train station? But there&#160;.&#160;.&#160;.]]></description>
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/ig_lMq01z5Q/us-markets-stocks-idUSBRE8490K020120516">
<title>Europe drags down Wall Street a fourth day</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/ig_lMq01z5Q/us-markets-stocks-idUSBRE8490K020120516</link>
<description><![CDATA[NEW YORK (Reuters) - Stocks closed lower in a choppy session on Wednesday, with the S&P 500 logging its fourth straight decline as investors worried about Greece's future as a member of the euro zone.



  
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/4w0ClhKmlCQ/us-jpmorgan-lawsuits-idUSBRE84F0OC20120516">
<title>Shareholders sue JPMorgan Chase over trading loss</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/4w0ClhKmlCQ/us-jpmorgan-lawsuits-idUSBRE84F0OC20120516</link>
<description><![CDATA[NEW YORK (Reuters) - JPMorgan Chase & Co was the target of two separate lawsuits by shareholders on Wednesday, accusing the bank and its management of excessive risk that led to trading losses of at least $2 billion.



  
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/3_Ps1b5_lKo/us-jpmorgan-fbi-idUSBRE84F0TI20120516">
<title>FBI&#x27;s Mueller confirms JPMorgan preliminary probe</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/3_Ps1b5_lKo/us-jpmorgan-fbi-idUSBRE84F0TI20120516</link>
<description><![CDATA[WASHINGTON (Reuters) - FBI Director Robert Mueller on Wednesday confirmed that the agency has opened a "preliminary investigation" into JPMorgan Chase & Co , the nation's largest bank.



  
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/dzICaOD3A74/us-usa-campaign-ohio-fracking-idUSBRE84F17520120516">
<title>Insight: In Ohio, &#x22;fracking&#x22; boom a delicate issue for Obama</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/dzICaOD3A74/us-usa-campaign-ohio-fracking-idUSBRE84F17520120516</link>
<description><![CDATA[STEUBENVILLE, Ohio (Reuters) - Out past the vacant storefronts and abandoned buildings, beyond the shuttered steel mills and decaying industrial plants, residents of eastern Ohio suddenly are seeing dollar signs.



  
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/_9zTrQPFtsA/us-chesapeake-meeting-idUSBRE84F1AJ20120516">
<title>Investors want Chesapeake annual meeting delayed</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/_9zTrQPFtsA/us-chesapeake-meeting-idUSBRE84F1AJ20120516</link>
<description><![CDATA[(Reuters) - Shareholders have asked a judge to delay Chesapeake Energy Corp's  annual meeting, arguing that more disclosures are needed about Chief Executive Aubrey McClendon's compensation and personal loans taken out against his share in company wells.



  
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/McZ83-PAsSI/us-universal-emi-antitrust-idUSBRE84F06120120516">
<title>Analysis: Key to Universal-EMI decision: Has music business lost control?</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/McZ83-PAsSI/us-universal-emi-antitrust-idUSBRE84F06120120516</link>
<description><![CDATA[WASHINGTON (Reuters) - On the face of it, Universal Music Group's bid to buy a big chunk of EMI stands to make the world's leading music company an even more formidable force, combining Universal's star lineup of Lady Gaga and Rihanna with the British company's deep library of The Beatles, Pink Floyd and Katy Perry.



  
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/7Dvr2-vEaYA/us-ecb-greece-banks-idUSBRE84F0SN20120516">
<title>Exclusive: ECB stops operations with some Greek banks</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/7Dvr2-vEaYA/us-ecb-greece-banks-idUSBRE84F0SN20120516</link>
<description><![CDATA[BERLIN/FRANKFURT (Reuters) - The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said on Wednesday, confirming news earlier reported exclusively by Reuters.



  
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/n9geY3FBeZw/us-aig-aia-idUSBRE84F0TV20120516">
<title>AIG to sell AIA shares after lock-up ends in September</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/n9geY3FBeZw/us-aig-aia-idUSBRE84F0TV20120516</link>
<description><![CDATA[(Reuters) - Bailed-out insurer American International Group Inc  will sell its shares in Asian insurer AIA Group Ltd  after a lock-up period expires in early September, Chief Executive Bob Benmosche said on Wednesday.



  
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/4TfuVdfIJS4/us-usa-economy-housing-industry-idUSBRE84F0ON20120516">
<title>U.S. housing, industrial data point to steady growth</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/4TfuVdfIJS4/us-usa-economy-housing-industry-idUSBRE84F0ON20120516</link>
<description><![CDATA[WASHINGTON (Reuters) - Groundbreaking for U.S. homes rebounded in April and factory activity gained momentum, suggesting a moderate pickup in economic growth early in the second quarter.



  
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/HiKqq9eF_QA/us-apple-iphone-idUSBRE84F0MA20120516">
<title>Apple readies iPhone with bigger screen: sources</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/HiKqq9eF_QA/us-apple-iphone-idUSBRE84F0MA20120516</link>
<description><![CDATA[TOKYO (Reuters) - Apple Inc plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the situation said on Wednesday.



  
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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=fc05c7e2bbdfbf8b2c4fbdf071060007">
<title>JPMorgan Hit With Suits Over Losses</title>
<link>http://feeds.abcnews.com/click.phdo?i=fc05c7e2bbdfbf8b2c4fbdf071060007</link>
<description><![CDATA[JPMorgan Chase now faces two new lawsuits from shareholders angry over the bank’s $2 billion trading loss.  The suits, filed in federal court in New York, allege JPMorgan misled investors about the bets that went bad.   Chief Executive Jamie Dimon has said the bank...

  
  
  
  
  
  


]]></description>
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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=3f59b8db0bb4c64838550dd84385a065">
<title>Facebook&#x27;s IPO, From an Adman&#x27;s Perspective</title>
<link>http://feeds.abcnews.com/click.phdo?i=3f59b8db0bb4c64838550dd84385a065</link>
<description><![CDATA[It is just days before Facebook's scheduled May 18th IPO. By many accounts the IPO will be a $100+ billion dollar success, minting a sub-way car full of new millionaires and an elevator full of new billionaires. 

  
  
  
  
  
  


]]></description>
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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=47c5c7ff75372c1acff1f5d63458e5c0">
<title>Facebook Stock: What Price is Too High?</title>
<link>http://feeds.abcnews.com/click.phdo?i=47c5c7ff75372c1acff1f5d63458e5c0</link>
<description><![CDATA[At the same time the price and public clamor for Facebook's blockbuster IPO is rising, experts' expectations for the company's performance are in decline. 

  
  
  
  
  
  


]]></description>
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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=d70c539fad63d8f668fa3715ab360d10">
<title>Skechers to Pay $40 Million Over Butt Toning Claims, Ads</title>
<link>http://feeds.abcnews.com/click.phdo?i=d70c539fad63d8f668fa3715ab360d10</link>
<description><![CDATA[Skechers advertised that its toning shoes would help people lose weight, build muscle and get in shape without going to the gym, claims that will now cost the company millions of dollars.

  
  
  
  
  
  


]]></description>
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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=d13a4f18958f08b299d8eff465dff248">
<title>The Summer Jobs Market Heats Up</title>
<link>http://feeds.abcnews.com/click.phdo?i=d13a4f18958f08b299d8eff465dff248</link>
<description><![CDATA[Morning Business Memo Looking for a summer job? A new report out today says employers in many industries are boosting their hiring plans. “We found that 29 percent of employers say that they plan to hire temporary positions for the summer and that is the...

  
  
  
  
  
  


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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=e2435488ee92e32b7e8e838911010b2d">
<title>Facebook&#x27;s Zuckerberg and 9 Other Garage Geniuses</title>
<link>http://feeds.abcnews.com/click.phdo?i=e2435488ee92e32b7e8e838911010b2d</link>
<description><![CDATA[Many corporate giants had humble beginnings. As Facebook goes public, here is a list of some others that started in dorm rooms, garages, and in one case, a church crypt.

  
  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://ads.pheedo.com/feeds/ht.php?t=c&#x26;i=e2435488ee92e32b7e8e838911010b2d&#x26;p=4">
<title>Advertisement: Keep your desktop organized.</title>
<link>http://ads.pheedo.com/feeds/ht.php?t=c&#x26;i=e2435488ee92e32b7e8e838911010b2d&#x26;p=4</link>
<description><![CDATA[
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Dymo.com



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]]></description>
</item>

<item rdf:about="http://feeds.abcnews.com/click.phdo?i=84091bf11b4fe99e4da55b24732cf141">
<title>Older Workers Face Unemployment</title>
<link>http://feeds.abcnews.com/click.phdo?i=84091bf11b4fe99e4da55b24732cf141</link>
<description><![CDATA[Sheila Whitelaw, from Philadelphia, is a college graduate and has managed three different non-profits as executive director. Whitelaw said one particular trait may have caused difficulty in her two-year search for a job: her age.

  
  
  
  
  
  


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</item>

<item rdf:about="http://feeds.abcnews.com/click.phdo?i=157330f3c20940022291837d9ac9973a">
<title>Facebook IPO: If You Bought 10 Shares of &#x2026;</title>
<link>http://feeds.abcnews.com/click.phdo?i=157330f3c20940022291837d9ac9973a</link>
<description><![CDATA[In the coulda/woulda/shoulda category with Facebook’s upcoming IPO, here is how you might have fared with some other IPO stocks: Johnson & Johnson for $375 at its IPO price in 1944, your investment would be worth about $10 million  (source:  Johnson & Johnson) Apple for...

  
  
  
  
  
  


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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=02713d2d822d3a3ae809d79026cf128b">
<title>Facebook IPO for Your College Fund?</title>
<link>http://feeds.abcnews.com/click.phdo?i=02713d2d822d3a3ae809d79026cf128b</link>
<description><![CDATA[The drum beating over Facebook’s upcoming IPO has created a supercharged atmosphere where investors are clamoring for a piece of the action. Take Jim Supple. He’s already tried to buy the stock in advance of the IPO, so far without success. Supple has a job in finance...

  
  
  
  
  
  


]]></description>
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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=b9b5b805f5c8771ca62f8524bd39be51">
<title> Watch:  Skechers to Pay Millions Over Unfounded Claims</title>
<link>http://feeds.abcnews.com/click.phdo?i=b9b5b805f5c8771ca62f8524bd39be51</link>
<description><![CDATA[Federal Trade Commission says ads deceived consumers about weight loss and muscle tone.

  
  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://feeds.abcnews.com/click.phdo?i=509d3ee51fad4c596e45b8b4ab489918">
<title> Watch:  Documents You Need to Keep</title>
<link>http://feeds.abcnews.com/click.phdo?i=509d3ee51fad4c596e45b8b4ab489918</link>
<description><![CDATA[Susan Solovic explains which ones and why.

  
  
  
  
  
  


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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=65d435187e92e4096267e7edd2d00a74">
<title> Watch:  Attitudes About Home Ownership</title>
<link>http://feeds.abcnews.com/click.phdo?i=65d435187e92e4096267e7edd2d00a74</link>
<description><![CDATA[Dr. Robi Ludwig explains how the downturn changed our thinking.

  
  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://feeds.abcnews.com/click.phdo?i=565b191fda55f026ae341905f63bb6c1">
<title> Watch:  Facebook Friday Approaching Fast</title>
<link>http://feeds.abcnews.com/click.phdo?i=565b191fda55f026ae341905f63bb6c1</link>
<description><![CDATA[Ellen Braitman analyzes the morning business headlines.

  
  
  
  
  
  


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]]></description>
</item>

<item rdf:about="http://feeds.abcnews.com/click.phdo?i=b91692b95bccfbd6a81de59982b3e142">
<title> Watch:  Heads Roll at JP Morgan, Yahoo!</title>
<link>http://feeds.abcnews.com/click.phdo?i=b91692b95bccfbd6a81de59982b3e142</link>
<description><![CDATA[Ellen Braitman analyzes the morning business headlines.

  
  
  
  
  
  


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</item>

<item rdf:about="http://feeds.abcnews.com/click.phdo?i=4462ded95d681efd5eea5e1b9d2e3a35">
<title> Watch:  JP Morgan Chase CIO Expected to Resign</title>
<link>http://feeds.abcnews.com/click.phdo?i=4462ded95d681efd5eea5e1b9d2e3a35</link>
<description><![CDATA[Ina Drew, one of Wall Street's top women execs, resigned, according to the bank.

  
  
  
  
  
  


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</item>

<item rdf:about="http://feeds.abcnews.com/click.phdo?i=7c80572a7a5d63ae5c243f28e7d87062">
<title> Watch:  Secrets of the Wealthy</title>
<link>http://feeds.abcnews.com/click.phdo?i=7c80572a7a5d63ae5c243f28e7d87062</link>
<description><![CDATA[Farnoosh Torabi reveals how the rich think about money.

  
  
  
  
  
  


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</item>

<item rdf:about="http://feeds.abcnews.com/click.phdo?i=12fd0a294ec8f98417b960fa7f97c515">
<title> Watch:  Joe&#x27;s Crab Shack, Dave and Busters Going Public</title>
<link>http://feeds.abcnews.com/click.phdo?i=12fd0a294ec8f98417b960fa7f97c515</link>
<description><![CDATA[Debra Borchardt with info on restaurant IPOs.

  
  
  
  
  
  


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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=dc2b4f69a945bbdff272cb2828785bdd">
<title> Watch:  JP Morgan&#x27;s $2 Billion Mistake </title>
<link>http://feeds.abcnews.com/click.phdo?i=dc2b4f69a945bbdff272cb2828785bdd</link>
<description><![CDATA[Debra Borchardt and Matt Nesto on what went wrong.

  
  
  
  
  
  


]]></description>
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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=0115d1cf9bb2581218eb13de4aaa212f">
<title> Watch:  Wholesale Prices Fall; Frowns Over Facebook</title>
<link>http://feeds.abcnews.com/click.phdo?i=0115d1cf9bb2581218eb13de4aaa212f</link>
<description><![CDATA[Matt Nesto analyzes the morning business headlines.

  
  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://feeds.abcnews.com/click.phdo?i=590f70bb1493b5d9633775c8e58b316e">
<title>Facebook: Past Tech IPOs Show There are No Guarantees</title>
<link>http://feeds.abcnews.com/click.phdo?i=590f70bb1493b5d9633775c8e58b316e</link>
<description><![CDATA[Before you get too excited about Facebook's initial public offering on Friday, remember that technology IPOs aren't always a long-term investor's best friend.

  
  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://feeds.abcnews.com/click.phdo?i=62ee2ebac349f9855e4af012a6e3e824">
<title>How to Beat Debt Collectors</title>
<link>http://feeds.abcnews.com/click.phdo?i=62ee2ebac349f9855e4af012a6e3e824</link>
<description><![CDATA[My story about Diana Mey of Wheeling, West Virginia and her battle to collect a $10-million judgment against some abusive debt collectors continues to alternately delight and dismay readers.  Mey sued Global AG and RFA of Orange County California after receiving one call in which collectors threatened to seize her home and another call full of sexual threats.   What really gets people is that it wasn't even her debt!  Diana Mey says she is debt-free.  A judge awarded her $10,086,000, but she has not seen a dime.  (To understand the staggering size of the judgment, watch the original Nightline story.) That's the part that has readers asking questions.  Here are some answers.

  
  
  
  
  
  


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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=e07dbf71ebac044ce211ebe8cbea85bc">
<title>Retired Couples May Need $240,000 for Health Care</title>
<link>http://feeds.abcnews.com/click.phdo?i=e07dbf71ebac044ce211ebe8cbea85bc</link>
<description><![CDATA[Fidelity: Retired couple needs $240,000 for health costs, up 4 percent from 2011 estimate

  
  
  
  
  
  


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</item>

<item rdf:about="http://feeds.abcnews.com/click.phdo?i=95b502d4c86b0cd3a7b4999dd3728673">
<title>The Man Who Quit Money 12 Years Ago</title>
<link>http://feeds.abcnews.com/click.phdo?i=95b502d4c86b0cd3a7b4999dd3728673</link>
<description><![CDATA[Daniel Suelo is 51 years old and broke. Happily broke.  Consciously, deliberately, blessedly broke. 
Not only does he not have debt, a mortgage or rent, but he does not earn a salary. Nor does he buy food or clothes, or own any product with a lower case 'i' before it. Home is a cave on public land outside Moab, Utah. He scavenges for food from the garbage or off the land (fried grasshoppers, anyone?). He has been known to carve up and boil fresh road kill. He bathes, sans soap, in the creek.


  
  
  
  
  
  


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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=240bc4a2e4a1aaed58ec8d5359d5e647">
<title>How Man Exhausted His $66K 401(k)</title>
<link>http://feeds.abcnews.com/click.phdo?i=240bc4a2e4a1aaed58ec8d5359d5e647</link>
<description><![CDATA[John Taylor from Loveland, Colo. had about $66,000 in his employer-sponsored 401(k) around 2006, the peak of all his retirement savings, before the recession and a chain of unexpected events drained his fund completely. 


  
  
  
  
  
  


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<title>Advertisement: Avoid the waste of sheet labels.</title>
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<description><![CDATA[
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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=efbf85ae817c655c50e1ff00f488abfd">
<title>Bank Forgives Dead Student&#x27;s Loan </title>
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<description><![CDATA[Six years after the death of a New Jersey college student, Key Bank has agreed to forgive his student loan that his father had co-signed.

  
  
  
  
  
  


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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=3db75fbe5cbfc18e18da5d347df18f5a">
<title>Debt Confessions of a Former Priest</title>
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<description><![CDATA[True confession! I am about to share with you a part of my life that I am not proud of, but it's a story that needs to be shared. Most of you don't know it, but for 18½ years I served as a Roman Catholic priest. In 2001, I left the priesthood in excellent standing to pursue other avenues in life. When I left however, I was deep in credit card debt. I dug myself out eventually, but looking back at my situation, I marvel at how easy it was to get into debt in the first place.

  
  
  
  
  
  


]]></description>
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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=19db53b63266ce61c2f03e692aa6520b">
<title>Woman Fights to Collect $10M from Debt Collectors</title>
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<description><![CDATA[In a twist of irony, a West Virginia woman is trying to collect money from a collection agency.  Diana Mey, of Wheeling, W. Va., won the largest judgment ever against an abusive debt collection company -- more than $10 million.  

  
  
  
  
  
  


]]></description>
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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=2896ac948220aaa391d444ecf5e24417">
<title>Write an Essay and Win a Home?</title>
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<description><![CDATA[A family is getting creative to help sell their Iowa home through an essay contest.

  
  
  
  
  
  


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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=2cc3129950fcbe655cad10726a4e28e6">
<title>Business Lessons From Instagram</title>
<link>http://feeds.abcnews.com/click.phdo?i=2cc3129950fcbe655cad10726a4e28e6</link>
<description><![CDATA[A billion dollars — that's billion with a "b" — to purchase a company with only 13 employees and absolutely no income.

  
  
  
  
  
  


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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=2c0e013356543ff9514136a967ba44e2">
<title>Car-Brake Override Rules Proposed </title>
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<description><![CDATA[After a rash of unintended acceleration accidents in Toyotas, a federal agency today proposed a rule to require automakers to install a brake override switch in all new vehicles when both the brake and gas pedal are pressed at the same time. The U.S. Department of Transportation’s...

  
  
  
  
  
  


]]></description>
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<item rdf:about="http://feeds.abcnews.com/click.phdo?i=e1740bd06eef2d33d10b9988a6a71695">
<title>Foreclosure Filings Hit Five-Year Low</title>
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<description><![CDATA[Foreclosure filings have dropped to their lowest level in nearly five years.

  
  
  
  
  
  


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<item rdf:about="http://www.bbc.co.uk/news/business-18084700#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Bank warns of euro crisis &#x27;storm&#x27;</title>
<link>http://www.bbc.co.uk/news/business-18084700#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[The Bank of England warns that the eurozone is "tearing itself apart" with the "storm" threatening the UK recovery, as it cuts its forecast for growth this year.]]></description>
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<item rdf:about="http://www.bbc.co.uk/news/business-18096654#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Clinton Cards to close 350 stores</title>
<link>http://www.bbc.co.uk/news/business-18096654#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Retailer Clinton Cards, which is in administration, is to close almost half its stores across the UK, leading to the loss of almost 2,800 jobs.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18084679#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>UK unemployment falls by 45,000</title>
<link>http://www.bbc.co.uk/news/business-18084679#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[UK unemployment fell by 45,000 to 2.63 million in the three months to March, according to the Office for National Statistics.]]></description>
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<item rdf:about="http://www.bbc.co.uk/news/business-18086426#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Facebook to sell 25% more shares</title>
<link>http://www.bbc.co.uk/news/business-18086426#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Facebook says it will sell 25% more shares than first planned in its forthcoming flotation in response to strong demand.]]></description>
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<item rdf:about="http://www.bbc.co.uk/news/business-18084849#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Flight delay payments move closer</title>
<link>http://www.bbc.co.uk/news/business-18084849#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Airlines are likely to be told they must pay compensation to passengers whose flights are delayed by three hours or more.]]></description>
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<item rdf:about="http://www.bbc.co.uk/news/business-18098015#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Fed wary of any US spending cuts</title>
<link>http://www.bbc.co.uk/news/business-18098015#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[The Federal Reserve is worried about the impact on the US economy if government spending is cut sharply, minutes of its April meeting show.]]></description>
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<item rdf:about="http://www.bbc.co.uk/news/business-18082438#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Euro at four-month low on Greece</title>
<link>http://www.bbc.co.uk/news/business-18082438#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[The euro hits a fresh four-month low against the dollar as political uncertainty in Greece fuels speculation it could leave the single currency.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18084283#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Greggs renews &#x27;pasty tax&#x27; fight</title>
<link>http://www.bbc.co.uk/news/business-18084283#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Greggs, the UK's largest bakery chain, blames wet weather for a drop in underlying sales and warns that the "pasty tax" could hit sales and profits.]]></description>
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<item rdf:about="http://www.bbc.co.uk/news/business-18094653#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Results delay hits Bankia shares</title>
<link>http://www.bbc.co.uk/news/business-18094653#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Shares in Bankia, the part-nationalised Spanish bank, fall more than 10% after it delays the release of its first quarter results.]]></description>
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<item rdf:about="http://www.bbc.co.uk/news/uk-18089584#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Downturn hits Lola race car maker</title>
<link>http://www.bbc.co.uk/news/uk-18089584#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Racing car maker Lola Cars applies for administration, blaming the economic downturn for a drop in trade.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18086419#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Greeks withdraw cash on euro fear</title>
<link>http://www.bbc.co.uk/news/business-18086419#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Greeks withdrew 700m euros ($894m; £560m) from banks in the week ending on Monday, according to the Greek president.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/uk-politics-18092138#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Hague &#x27;to fight for UK business&#x27;</title>
<link>http://www.bbc.co.uk/news/uk-politics-18092138#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Foreign Secretary William Hague promises to "argue relentlessly" for free trade around the world in an effort to boost the UK economy.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18081782#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Manufacturers &#x27;need more support&#x27;</title>
<link>http://www.bbc.co.uk/news/business-18081782#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[UK manufacturers want the government to offer more support rather than "empty rhetoric", a new survey by business advisers BDO says.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18084844#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Mortgage lending &#x27;jumps in March&#x27;</title>
<link>http://www.bbc.co.uk/news/business-18084844#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[There was a big rise in mortgage lending in March, as the stamp duty holiday for first-time buyers came to an end, lenders say.]]></description>
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<item rdf:about="http://www.bbc.co.uk/news/business-18082617#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>SSE energy firm sees profits rise</title>
<link>http://www.bbc.co.uk/news/business-18082617#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Gas and electricity supplier SSE sees underlying profits rise 2% despite upheaval in the global energy market and economic uncertainty.]]></description>
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<item rdf:about="http://www.bbc.co.uk/news/business-18082899#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>HTC shares dip on shipment delay</title>
<link>http://www.bbc.co.uk/news/business-18082899#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Shares of Taiwan's HTC fall after US customs officials hold up shipments of its new smartphones over a patent dispute.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/world-europe-18081574#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>&#x27;Royal&#x27; diamond sells for $9.7m</title>
<link>http://www.bbc.co.uk/news/world-europe-18081574#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[A 35-carat diamond passed among Europe's royalty for four centuries, the Beau Sancy, sells for twice its reserve at auction in Switzerland.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/world-asia-18066615#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>VIDEO: China&#x27;s &#x27;instant&#x27; building</title>
<link>http://www.bbc.co.uk/news/world-asia-18066615#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Company in China specialises in building modular high buildings in short time frames.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18070001#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Work days lost to sickness down</title>
<link>http://www.bbc.co.uk/news/business-18070001#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[The number of working days lost to sickness fell again in 2011, the Office for National Statistics has said.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/uk-18068168#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Child benefit changes &#x27;flawed&#x27;</title>
<link>http://www.bbc.co.uk/news/uk-18068168#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[The government's planned changes to child benefit are "seriously flawed" and undermine the principle of individual taxation, accountants say.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18072195#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Iceland refunds to councils rise</title>
<link>http://www.bbc.co.uk/news/business-18072195#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[More than half of the money lost by UK councils following the collapse of Icelandic banks has now been recovered.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18077497#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Greece pays bond swap hold-outs</title>
<link>http://www.bbc.co.uk/news/business-18077497#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Greece agrees to pay off some of the investors who rejected its bond swap earlier this year.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18068747#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Eurozone economy avoids recession</title>
<link>http://www.bbc.co.uk/news/business-18068747#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[The eurozone avoids returning to recession after recording zero economic growth in the first three months of the year, figures show.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18069660#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>UK trade deficit narrows in March</title>
<link>http://www.bbc.co.uk/news/business-18069660#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[The UK's overall trade gap in March narrowed to £2.7bn, but the deficit for trade in goods alone was unchanged at £8.6bn, official figures show.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18068741#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Coty withdraws $10.7bn Avon bid</title>
<link>http://www.bbc.co.uk/news/business-18068741#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Fragrance firm Coty withdraws its $10.7bn (£6.6bn) bid for Avon Products, saying the US beauty firm has taken too long to respond to its offer.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/uk-politics-18070203#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Ministers end contract with A4e</title>
<link>http://www.bbc.co.uk/news/uk-politics-18070203#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[The government terminates a contract with welfare-to-work company A4e after deciding that continuing would be "too great a risk".]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18081950#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Sina swings to loss on expenses</title>
<link>http://www.bbc.co.uk/news/business-18081950#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Sina Corp, China's largest internet portal and media website, posts a loss in the first three months of the year.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/world-asia-india-18068413#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>IPL suspends &#x27;corrupt&#x27; players</title>
<link>http://www.bbc.co.uk/news/world-asia-india-18068413#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[India's cricket authorities suspend five IPL players who are being investigated for corruption after a sting by undercover TV reporters.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/sport/0/football/18073244">
<title>Reading takeover still &#x27;ongoing&#x27;</title>
<link>http://www.bbc.co.uk/sport/0/football/18073244</link>
<description><![CDATA[Russian tycoon Anton Zingarevich's takeover of Reading is still not completed, two months after the original target date.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/sport/0/rugby-union/18061479">
<title>Aviva to host 2013 Heineken final</title>
<link>http://www.bbc.co.uk/sport/0/rugby-union/18061479</link>
<description><![CDATA[Next season's Heineken Cup final will be staged at the Aviva Stadium while Dublin will also host the Amlin Challenge Cup decider.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18085174#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>VIDEO: &#x27;It&#x27;s taken a long time to find a job&#x27;</title>
<link>http://www.bbc.co.uk/news/business-18085174#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[UK unemployment has fallen for the second month in a row. However, figures also show a record number of people working part-time who would rather be doing full-time jobs.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/uk-politics-18088145#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>VIDEO: UK &#x27;going through national pay cut&#x27;</title>
<link>http://www.bbc.co.uk/news/uk-politics-18088145#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Britain has been going through a "national pay cut" with most people not having a rise in two years, the City AM editor said.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/uk-england-bristol-18091133#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>VIDEO: Young black men fight to get work</title>
<link>http://www.bbc.co.uk/news/uk-england-bristol-18091133#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Unemployment is falling, but for young black men it is still hard to find work. More than half are without a job, so what is it like applying every day?]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/today/hi/today/newsid_9721000/9721249.stm#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>AUDIO: &#x27;Sheer chaos&#x27; if Greece leaves euro</title>
<link>http://news.bbc.co.uk/today/hi/today/newsid_9721000/9721249.stm#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[What are the economic implications of the decision to leave or stay in the eurozone that Greece has to make? Andrew Balls, of PIMCO, a global investment firm, and Carsten Brzeski from ING bank in Brussels, debate the question.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/newsbeat/18038741#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>VIDEO: Life as a shoemaker is revealed</title>
<link>http://www.bbc.co.uk/newsbeat/18038741#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Newsbeat talks to a shoemaker's apprentice about an often overlooked career path.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/today/hi/today/newsid_9721000/9721298.stm#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>AUDIO: Why do people invest in gilts?</title>
<link>http://news.bbc.co.uk/today/hi/today/newsid_9721000/9721298.stm#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[David Miller, partner at Cheviot Asset Management and Ian Williams, Chairman of Charteris Treasury Portfolio Managers, discuss the pros and cons of bond yields.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18095468#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>VIDEO: India attempts to prop up rupee</title>
<link>http://www.bbc.co.uk/news/business-18095468#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[The Indian central bank has been intervening in currency markets to buy the rupee, after it sank to a five month low against the US dollar.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/world-europe-18081722#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>VIDEO: &#x27;Royal&#x27; diamond sold for $10m</title>
<link>http://www.bbc.co.uk/news/world-europe-18081722#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[The 35 carat Beau Sancy diamond is at least 400 years old, and until now has been owned only by members of Europe's royal families.]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18068232#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Dual identities of a princeling</title>
<link>http://www.bbc.co.uk/news/business-18068232#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[The dual identities behind China's biggest political scandal in decades]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18036859#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>How hard is it to get a 95% mortgage?</title>
<link>http://www.bbc.co.uk/news/business-18036859#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[How hard is it to get one nowadays?]]></description>
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<item rdf:about="http://www.bbc.co.uk/news/business-17939014#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Power behind the phone: Imagination Technologies</title>
<link>http://www.bbc.co.uk/news/business-17939014#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[The tech firm putting the smart into smartphone]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18082903#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>What&#x27;s wrong with Air India?</title>
<link>http://www.bbc.co.uk/news/business-18082903#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Problems run deep in India's national airline]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-18074966#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>My Business: Taking to the skies in Ukraine</title>
<link>http://www.bbc.co.uk/news/business-18074966#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[Running an aerial tour business above Kiev]]></description>
</item>

<item rdf:about="http://www.bbc.co.uk/news/business-17958520#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Italian university switches to English</title>
<link>http://www.bbc.co.uk/news/business-17958520#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[A top Italian university switches to English]]></description>
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<item rdf:about="http://www.bbc.co.uk/news/business-18062166#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa">
<title>Viewpoint: Protecting against the eurozone crisis</title>
<link>http://www.bbc.co.uk/news/business-18062166#sa-ns_mchannel=rss&#x26;ns_source=PublicRSS20-sa</link>
<description><![CDATA[How firms can protect themselves]]></description>
</item>

<item rdf:about="http://www.economist.com/node/21554500?fsrc=rss|bus">
<title>Schumpeter: Pretty profitable parrots</title>
<link>http://www.economist.com/node/21554500?fsrc=rss|bus</link>
<description><![CDATA[  
    
    
    
  EVERY year Les Wexner, the owner of Victoria’s Secret, a lingerie retailer, takes a month off to travel the world looking for other companies’ ideas to adopt. Limited Brands, his clothing group, seeks lawful inspiration from firms ranging from airlines to consumer-goods manufacturers. Mr Wexner’s philosophy is that business should celebrate imitation.That is almost a heresy. Politicians and countless awards ceremonies extol innovation’s role in economic growth. Businesses are told to innovate or die. Imitators are cast as the bad guys: “The corporation that is first…has an opportunity to manufacture with the highest frequency and in the most desirable markets,” proclaims the boss of Burkett & Randle in “Duplicity”, a 2009 corporate thriller starring Julia Roberts. The firm duly triumphs over the evil rival which tries to copy its supposed cure for baldness.In the real world, companies copy and succeed. The iPod was not the first digital-music player; nor was the iPhone the first smartphone or the iPad the first tablet. Apple imitated others’ products but made them far more appealing. The pharmaceutical...]]></description>
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<item rdf:about="http://www.economist.com/node/21554532?fsrc=rss|bus">
<title>Valuing Facebook: Zuckerberg&#x2019;s rocket, ready for lift-off</title>
<link>http://www.economist.com/node/21554532?fsrc=rss|bus</link>
<description><![CDATA[  
    
    
    
  OUTSIDE Facebook’s vast new headquarters in Silicon Valley is a huge sign with an image of a hand on it giving a thumbs-up sign. A tiny digital version of the same hand sits on millions of websites and invites Facebook’s 900m or so users to click on it to share content they have found with their pals. Now Facebook is hoping to get another big thumbs-up when it stages its eagerly awaited initial public offering (IPO) of 12% of its equity on America’s NASDAQ stockmarket on May 18th. Assuming all goes according to plan, the flotation will be the largest yet undertaken by an internet company.On a roadshow across America to promote the listing this week, Mark Zuckerberg, Facebook’s 27-year-old boss, and other executives were treated like rock stars. Long queues snaked out of hotels where they were holding meetings, as investors lined up to hang on their every word. Hordes of photographers rushed to take pictures of Mr Zuckerberg, in his trademark hoodie, as he and his colleagues were whisked off to waiting limousines.This frenzy is further proof, if any were needed, that Facebook has become a global internet idol....]]></description>
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<item rdf:about="http://www.economist.com/node/21554533?fsrc=rss|bus">
<title>Mobile gaming in Japan: Gacha? Gotcha!</title>
<link>http://www.economist.com/node/21554533?fsrc=rss|bus</link>
<description><![CDATA[NOT again. Just when another tousle-haired Japanese entrepreneur hoped it was safe to make a billion or two, along come the forces of law and order threatening to throw the rule book at him: in this case, the Act Against Unjustified Premiums and Misleading Representations. That, at least, is how some people viewed news this week that the Consumer Affairs Agency was investigating a feature, popular on Japan’s ubiquitous mobile-phone games, called a “complete gacha”, in which players collect sets of randomly generated tokens to swap for in-game rewards. Such games have made fortunes for several internet start-ups.Agency officials, however, have expressed worries that complete gacha may be a form of gambling (it sometimes involves real money), which can cause children and adults to splurge beyond their means. They questioned its legality.The retribution was swift. In three days the value of GREE, whose 35-year-old owner, Yoshikazu Tanaka, has been called the youngest self-made billionaire after Facebook’s Mark Zuckerberg, plunged by a third. DeNA, another social-games site, lost 22%.To Yoshito Hori, a venture capitalist and former GREE backer, the news recalled a pattern of crackdowns on alleged abuses by start-ups in recent years that have discouraged the Japanese from setting up new businesses. He urged the government to seek a...]]></description>
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<item rdf:about="http://www.economist.com/node/21554540?fsrc=rss|bus">
<title>An intellectual-property exchange: Marketplace of ideas</title>
<link>http://www.economist.com/node/21554540?fsrc=rss|bus</link>
<description><![CDATA[THE technology industry is at war over intellectual property. On May 7th the first round of a three-part fight between Oracle and Google over patent and copyright claims relating to the Java programming language ended in a decision that denied outright victory to either firm. Apple, Samsung and others are fighting over smartphone patents. Facebook and Yahoo! are at loggerheads over internet patents. Accusations abound that innovation is taking a back seat to litigation. Only the lawyers are smiling.All of which makes this a good time to launch a new approach to trading intellectual property, says Gerard Pannekoek, the boss of IPXI, a new financial exchange that lets companies buy, sell and hedge patent rights, just like any other asset. The idea is to offer a patent or group of patents as “unit licence rights” (ULRs), which can be bought and sold like shares. A ULR grants a one-time right to use a particular technology in a single product: a new type of airbag sensor in a car, say. If a company wants to use the technology in 100,000 cars, it buys 100,000 ULRs at the market price. ULRs are also expected to be traded on secondary markets.This is simpler, faster and cheaper than the lawyer-intensive process of negotiating bilateral licences for intellectual property, the high cost of which discriminates against small companies, leaves patents unused on the shelf and hampers...]]></description>
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<item rdf:about="http://www.economist.com/node/21554542?fsrc=rss|bus">
<title>Drugmakers and antibiotics: The path of least resistance</title>
<link>http://www.economist.com/node/21554542?fsrc=rss|bus</link>
<description><![CDATA[  
    
    
    
  A GROWING worry in medicine is bugs’ increasing resistance to antibiotics. At AstraZeneca’s research centre near Boston, scientists toil to find new weapons. Machines screen thousands of drugs each year, robotic arms nimbly handling plates of compounds to test their effect on bacteria. But progress is slow. “It is not our hottest area in terms of commercial return,” admits Martin Mackay, AstraZeneca’s research and development chief.Help is on the way. On May 8th the European Commission and Europe’s pharmaceutical association gave details of a plan to boost antibiotics research by up to €590m ($760m). The same day in America, a congressional committee weighed measures with a similar goal. The attention is welcome. Its effect is less clear.Drug-resistant bacteria cost Europe alone about €1.5 billion a year in health costs and lost productivity. But firms have been slow to create new antibiotics. First, the science is tricky. Some bacteria have evolved to pump out the drugs that infiltrate their walls; other, “Gram-negative” bugs have an impenetrable outer membrane. Second, clinical trials are arduous. Firms struggle...]]></description>
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<item rdf:about="http://www.economist.com/node/21554550?fsrc=rss|bus">
<title>Luxury goods in China: Riding the gilded tiger</title>
<link>http://www.economist.com/node/21554550?fsrc=rss|bus</link>
<description><![CDATA[ONE recent night, the ballroom at Hong Kong’s Grand Hyatt hotel was transformed into an elegant Parisian salon. Several dozen very wealthy families from all over China were flown in for a weekend of cruises, property tours and a gala auction. Chow Tai Fook (CTF), a Hong Kong firm that is the world’s largest jeweller, paid the bill.Adrian Cheng, an executive director at the firm and scion of CTF’s controlling family, put it all together to reward customers who spend over 1m yuan ($158,000) a year. Many come from the provinces in and around Beijing, Mr Cheng whispers: “closer to power and money” than Shanghai or Shenzhen.Even in provincial cities like Kunming, the rich routinely expect luxury shops to pamper them with cocktails and massages, says Francis Phua of DKSH, a consultancy. However, these days China has so many people flashing gold and platinum cards around that the seriously wealthy expect luxury firms to treat them to ever more exotic and exclusive events, to maintain their sense of superiority. CTF has taken its “VVIPs” on junkets to Paris Fashion Week, on helicopter tours and rare-wine tastings.A new report from CLSA, a stockbroker, forecasts that more than half of this year’s growth in luxury goods will come from China, where sales are set to soar by 24% in 2012. The country is already the largest market for jewellery after America, and for gold after India, and...]]></description>
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<item rdf:about="http://www.economist.com/node/21554552?fsrc=rss|bus">
<title>Japan&#x2019;s trading houses: Resourceful and energetic</title>
<link>http://www.economist.com/node/21554552?fsrc=rss|bus</link>
<description><![CDATA[THE fortunes of Japan’s large trading houses have tended to fluctuate with those of the country as a whole, from its opening-up in the 19th century, through the disaster of war in the 1940s, to the highs and lows of the bubble era. But lately the traders have decoupled. While much of Japan is stagnant, the likes of Mitsubishi and Mitsui have become prime movers in the world’s natural-resources boom.This is surprising. In an age of land-grabbing state capitalism, the sogo shosha, as they are collectively known, could easily have been trampled underfoot by Chinese energy giants or sovereign-wealth funds. Instead they have recently pulled off a string of huge deals involving North American shale gas, vast (and disputed) Chilean copper mines, and Australian liquefied natural gas (LNG).They are backed by a lot of public financing from the Japan Bank for International Co-operation, but mostly make decisions independently. As The Economist went to press, another big deal was in the works. Marubeni was reported to be on the verge of becoming one of the world’s largest grain traders (albeit an indebted one), by buying Gavilon, an American company, for $5 billion.After a strong run-up in commodities prices, some might question the timing of such bets: it would not be the first time herd instinct has been the undoing of the Japanese...]]></description>
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<item rdf:about="http://www.economist.com/node/21554557?fsrc=rss|bus">
<title>Cadillac and Lincoln: Unstretched limos</title>
<link>http://www.economist.com/node/21554557?fsrc=rss|bus</link>
<description><![CDATA[  
    
    Big and blingy enough for China
    
  AMERICAN presidents have had Cadillacs or Lincolns as official limousines since Franklin Roosevelt, who had one of each—his Cadillac was a bulletproof one, confiscated from Al Capone. But despite recent attempts to revive them, the two luxury brands’ best years are distant dots in their rear-view mirrors. In 1990 around 250,000 of each brand were sold. Last year GM sold 152,390 Cadillacs, up almost 4% on 2010, while Ford’s sales of Lincolns slipped a bit to just 85,643.Cadillac got into Webster’s dictionary as a synonym for “the best”, but for years now more American buyers have reckoned that a BMW, Mercedes or Lexus is better. European motorists have spurned GM’s decades-long efforts to interest them in Cadillacs. However, if there is one place that now has lots of rich people who appreciate big, blingy, get-outta-my-way motors, it is China. That is why GM is about to start producing its new Cadillac XTS (pictured), a big sedan to compete with BMW’s 7-Series, in a factory in Shanghai. Later this year Cadillac will launch another new model on the Chinese...]]></description>
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<item rdf:about="http://www.economist.com/node/21554538?fsrc=rss|bus">
<title>Jewellers in India: Chains of gold</title>
<link>http://www.economist.com/node/21554538?fsrc=rss|bus</link>
<description><![CDATA[
  
  
          
                

          
                        A customer shops for gold bangles at a branch of Tanishq, India's
largest national jewellery chain, in Mumbai.          

                      Source: Shyamantha Asokan
          
          
        
      
            
                

          
                        A Gitanjali factory in Mumbai. Big jewellery houses hope to lure India's gold-mad customers to diamonds, where profit margins are higher as there is no fixed global price.          

                      Source: Shyamantha Asokan
          
          
        
      
            ...]]></description>
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<item rdf:about="http://www.economist.com/node/21554173?fsrc=rss|bus">
<title>Schumpeter: The Mormon way of business</title>
<link>http://www.economist.com/node/21554173?fsrc=rss|bus</link>
<description><![CDATA[  
    
    
    
  JOKES about sacred underpants have reached epidemic proportions, thanks to Mitt Romney’s presidential bid and the musical masterpiece by Matt Stone and Trey Parker, “The Book of Mormon”. But the Church of Jesus Christ of Latter-Day Saints, to give it its full name, is fighting back. A huge advertising campaign features ordinary people doing ordinary things—a white man sporting a beard, a black man sporting a moustache and a young skateboarder flying through the air—with the tag line: “I’m a Mormon.”The snag is, not everyone will buy the idea that Mormons are just like the rest of us. They don’t get drunk. They have large families, stable marriages and a three-month supply of food in the larder in case of Armageddon. They are usually clean-cut and neatly dressed (the facial hair in the “I’m a Mormon” ads is thankfully atypical). And they have a passion for business.Less than 2% of Americans are Mormons, yet their commercial prominence belies their numbers. Mitt Romney founded Bain Capital, a private-equity powerhouse. Jon Huntsman senior (the father of Mr Romney’s rival for the Republican crown) founded...]]></description>
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<item rdf:about="http://www.economist.com/node/21554192?fsrc=rss|bus">
<title>Chinese carmakers: Still in second gear</title>
<link>http://www.economist.com/node/21554192?fsrc=rss|bus</link>
<description><![CDATA[  
    
    
    
  THREE hours’ drive from Beijing, Tianjin is home to the new assembly plant of Great Wall Motors. A banner along its outside wall declares the company’s motto: “Improving little by little every day”. Inside, signs everywhere urge workers to be inspired by the “Toyota Production System spirit”. Machines seem to outnumber people: labour is no longer cheap in coastal China. Banks of beefy robot welders, constrained in wire cages as if to stop them escaping, chug away relentlessly, making the human welders alongside look puny.  
    
    
    
  The Tianjin plant will eventually turn out up to 1m vehicles a year, adding to the 500,000 that the three plants in Great Wall’s home province of Hebei, to the west, can produce. The company, like every other domestic and foreign carmaker in China, is betting that what is now by far the world’s biggest automobile market—18.5m vehicles...]]></description>
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<item rdf:about="http://www.economist.com/node/21554195?fsrc=rss|bus">
<title>Electric cars in China: Not yet</title>
<link>http://www.economist.com/node/21554195?fsrc=rss|bus</link>
<description><![CDATA[  
    
    
    
  THE main road at the headquarters of BYD, a Chinese car and battery firm in Shenzhen, seems to go on for ever. It winds from gleaming offices past enormous factories and dormitories to a renewable-energy plant and test track. Visitors can take the E6, the firm’s new electric car, for a drive—but try to accelerate and the engineers get nervous. Like the firm, the car is sluggish.BYD was once ballyhooed; Warren Buffett bought some of its stock. But sales are anaemic. BYD’s first-quarter profits plunged by 90% from a year ago, to 27m yuan ($4.3m).Three years ago, the Chinese government unveiled policies to propel sales of all-electric vehicles (ie, ones that can’t use petrol at all) to 500,000 by 2015 and 5m by 2020. But barely 8,000 electric cars were sold last year, almost all going to government fleets.The chief snags are cost and convenience. Despite lavish subsidies—in Shenzhen, consumers were offered 120,000 yuan per vehicle—electric cars still cost more than the petrol-powered sort. The lack of recharging stations also hurts. Hardly 16,000 were installed last year, a tenth of the official target.Still,...]]></description>
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<item rdf:about="http://www.economist.com/node/21554204?fsrc=rss|bus">
<title>American property: The great realtor rip-off</title>
<link>http://www.economist.com/node/21554204?fsrc=rss|bus</link>
<description><![CDATA[  
    
    I made $970,000 last year. How much did you make?
    
  IN BRITAIN, if you want to sell your home, an estate agent will list the property, find a buyer, help you negotiate a deal and guide you through the transaction, all for a commission of 2-3% of the sale price. In America, realtors provide the same services for roughly double the fee.Are they worth it? The shouty realtors in David Mamet’s film Glengarry Glen Ross (pictured) certainly think so. (“[My] watch costs more than your car…that’s who I am.”) Others disagree. Chang-Tai Hsieh of the University of Chicago finds that American property brokers cause “social waste” of $8 billion a year via overcharging and inefficiency.Economists are baffled. The internet has squelched inefficient middlemen in other industries, from insurance brokers to travel agents. Why not American realtors? Although scores of discount brokers and for-sale-by-owner websites have sprouted up, traditional full-service realtors have somehow maintained their market share of 80% without reducing fees.The business used to operate like a series of local cartels. In a...]]></description>
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<item rdf:about="http://www.economist.com/node/21554220?fsrc=rss|bus">
<title>Chesapeake energy: Caging a wildcat</title>
<link>http://www.economist.com/node/21554220?fsrc=rss|bus</link>
<description><![CDATA[  
    
    All’s well that lends for wells?
    
  “WILDCAT” was once American slang for risky business; then it was applied specifically to drilling for oil or gas in virgin land. Either way, it fits Aubrey McClendon, the boss of Chesapeake Energy. Since co-founding the firm in 1989, the tall Oklahoman has overseen the acquisition of vast tracts of land and found oodles of natural gas under it. As Chesapeake became America’s second-largest natural-gas producer, Mr McClendon became the face of fracking, a gas-extraction technique hated by greens.More recently Mr McClendon has enraged shareholder activists. On May 1st they clipped his wings. While remaining chief executive, Mr McClendon will give up the chair of Chesapeake to someone independent. Shareholders hope this will stiffen the spine of a boss-friendly board. Mr McClendon will also negotiate the scrapping, by 2014, of a programme by which he was allowed to buy a 2.5% stake in every new well drilled by his company.Mr McClendon has long argued that this unusual arrangement was in the best interests of shareholders. “You could say I’m the only CEO in...]]></description>
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<item rdf:about="http://www.economist.com/node/21554228?fsrc=rss|bus">
<title>Energy Transfer bids for Sunoco: Put that in your pipe</title>
<link>http://www.economist.com/node/21554228?fsrc=rss|bus</link>
<description><![CDATA[NODDING donkeys, offshore platforms, refineries and filling stations are the bits of the oil industry you can see. A vast and largely invisible network of underground pipes joins them all together. It is worth a lot, which is why Energy Transfer Partners (ETP) said it would pay $5.3 billion for Sunoco on April 30th. It hopes to pull together two networks and shift more of America’s booming oil and gas output.ETP is ambitious. Last year its parent company, Energy Transfer Equity, agreed to buy Southern Union and its gas-pipeline network for $5.7 billion. The latest deal will make ETP the country’s second-biggest pipeline firm, behind Kinder Morgan, after the latter’s merger with El Paso is concluded later this year.Sunoco comes with storage facilities, 4,900 filling stations and the remains of a refining business that it is trying to spin off in a joint venture with Carlyle, a private-equity firm. But the pipelines are the main attraction. ETP currently operates 17,500 miles (28,160km) of the arteries that transport gas and natural-gas liquids such as propane and butane. Adding Sunoco’s 6,000 miles, built to carry crude oil and refined products, will reduce ETP’s reliance on gas. After the deal, 30% of its revenues will come from oil.This is important. In a few years shale gas’s share of America’s total gas output has gone from almost nothing to around a fifth. It will...]]></description>
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<item rdf:about="http://www.economist.com/node/21554200?fsrc=rss|bus">
<title>E-readers: Turning the page</title>
<link>http://www.economist.com/node/21554200?fsrc=rss|bus</link>
<description><![CDATA[LAST July Barnes & Noble gave a presentation to the antitrust division of America’s Department of Justice. In slide after slide, the bookseller laid into Microsoft. The software giant, it thundered, was guilty of “anti-competitive behaviour” in demanding royalties from makers of mobile devices (such as the Nook, Barnes & Noble’s e-reader) that used Android, Google’s open-source mobile operating system. The bookseller sniffed that Microsoft owned only “trivial” patents and reminded the department of the software company’s past trespasses against competition.  
    
    
    
  Nine months later, the bookworms and the geeks are the best of friends. On April 30th Barnes & Noble said it was creating a subsidiary, called NewCo for now, into which it would put Nook and its “college” business, which has 641 bookshops on American campuses. Microsoft is putting up $300m for 17.6% of NewCo. People will be able to buy and read e-books through a Nook application for Windows 8, a new incarnation of Microsoft’s operating system that is due to appear in a few months. Microsoft will pay NewCo an advance of $180m over three years for such...]]></description>
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<item rdf:about="http://www.economist.com/node/21554231?fsrc=rss|bus">
<title>How to publish a bestseller: Of brooms and bondage</title>
<link>http://www.economist.com/node/21554231?fsrc=rss|bus</link>
<description><![CDATA[  
    
    The latest Kindle accessory
    
  TAKE the plot of “Jane Eyre” (rich man with issues falls for innocent young lass), strip away the introspection, add some S&M sex and you have “Fifty Shades of Grey”. E.L. James’s novel is the hottest book so far this year, having sold 2m copies in three weeks in America.The book’s appeal is obvious, says James Hall, the author of “Hit Lit”, who claims to crack “the code” of bestsellers. He reckons that every mega-hit is fast, emotionally charged and written simply, with a maverick hero who is in over his head. Each discusses a thorny issue and includes a pivotal sexual incident.But it is easy to see a pattern in hindsight. The money is in prediction, which is tough and growing tougher. This is because readers have more power than ever, says Joel Rickett, an editor at Penguin. Publishers used to be able to create winners by flooding stores with their picks. The bestseller lists of the 1980s and 1990s were dominated by brand names such as Stephen King and Danielle Steel. Industry mergers and bookstore monoliths made hype easy.But now readers can go online...]]></description>
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<item rdf:about="http://www.economist.com/node/21553507?fsrc=rss|bus">
<title>Nestl&#xE9; buys Pfizer Nutrition: Feeding little emperors</title>
<link>http://www.economist.com/node/21553507?fsrc=rss|bus</link>
<description><![CDATA[  
    
    The great maw of China
    
  BABY food looks like glop, but it is an attractive business. Global sales are $30 billion and growing by 10% annually, mostly thanks to developing countries. That is why Nestlé, a Swiss food giant, is paying so much for the infant-nutrition arm of Pfizer, an American drug firm. On April 23rd it announced that it would buy Pfizer Nutrition for $11.85 billion—almost 50% more than analysts thought it was worth only a few months ago.Nestlé, the world’s biggest foodmaker, was not the only bidder. It had to beat Danone, its big French rival, which was also keen to gobble up Pfizer’s baby-food brands such as S-26 Gold, Promil and SMA. The price tag was a hefty 20 times Pfizer Nutrition’s estimated earnings before interest, taxes, depreciation and amortisation this year.Kurt Schmidt, the boss of Nestlé Nutrition, says it will be worth it. Mr Schmidt is a baby-food veteran, having joined Nestlé in 2007 when it took over Gerber, an American maker of baby food, of which he was the boss. His new Swiss colleagues may or may not have told him that gerber...]]></description>
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<item rdf:about="http://www.economist.com/node/21553512?fsrc=rss|bus">
<title>Johnson &#x26; Johnson: Out of the mire?</title>
<link>http://www.economist.com/node/21553512?fsrc=rss|bus</link>
<description><![CDATA[FOR the past few years Johnson & Johnson (J&J) has stumbled clumsily through the legal and reputational swamps of contaminated pills and faulty fake hips. Under a new chief executive, it is supposed to be taking a confident stride onto firmer terrain. On April 26th Alex Gorsky, a senior manager who joined the company as a salesman in 1988, was due to take charge. Yet the ground is still worryingly soft. America’s Justice Department wants Mr Gorsky to testify about alleged fraud. J&J says he has nothing to do with the case.The government’s request, made on April 11th, is the latest stage of a long dispute. The department’s lawyers filed their suit in 2010, alleging that J&J made improper payments to boost prescriptions of its drugs. J&J can at least take solace in not being alone. The Justice Department has sued almost every big drug firm.Most suits are brought under the False Claims Act, which since 1986 has encouraged citizens to sue firms that defraud the government. Whistleblowers are fortified not only by righteousness but also by a share of damages. They and the department have forged a model public-private partnership. Since 1986 the team has won more than $30 billion.Billions have been wrung out of drugmakers. The firms have been charged with marketing drugs for unapproved uses, paying illegal kickbacks to raise sales, or both, cheating the public...]]></description>
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<item rdf:about="http://www.economist.com/node/21553425?fsrc=rss|bus">
<title>Schumpeter: Simplify and repeat</title>
<link>http://www.economist.com/node/21553425?fsrc=rss|bus</link>
<description><![CDATA[  
    
    
    
  IN 1932, as the global economy collapsed, a Danish carpenter called Ole Kirk Kristiansen started to supplement his income by selling wooden toys. Eventually he hit on the idea of making toy bricks. He and his son and grandson steadily perfected these bricks. They shifted from wood to plastic. And they made their idea global: today there are 75 bits of Lego for every person on the planet.In the mid-1990s Lego expanded too feverishly into what business theorists call “adjacencies”: theme parks, television programmes, clothes, watches and learning labs. The firm hit a wall made of bricks, not plastic. After years of dismal results, a new boss in 2004 took Lego back to its roots. The company has not lost its appetite for innovation: you can now design a house or castle online and order the bricks you need to build it. But Lego’s focus is firmly back where it was in its heyday—on little interlocking blocks that turn children of all ages into master builders (and hurt like jagged rocks when you tread on them in your socks).Lego is both a metaphor and a case study for the argument at the heart of “Repeatability”, a new...]]></description>
</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=7eac86a3b180f872a59684cbf37f071e">
<title>JPMorgan&#x27;s &#x27;London Whale&#x27; trader is leaving</title>
<link>http://pheed.upi.com/click.phdo?i=7eac86a3b180f872a59684cbf37f071e</link>
<description><![CDATA[NEW YORK, May 16 (UPI) --  The JPMorgan Chase trader based in London who is at the center of the bank's recently announced $2 billion losses is leaving the bank, colleagues said.

  
  
  
  
  


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<item rdf:about="http://pheed.upi.com/click.phdo?i=d3988240af87d9399aa54cbb9b81442a">
<title>Delinquent mortgage loans drop</title>
<link>http://pheed.upi.com/click.phdo?i=d3988240af87d9399aa54cbb9b81442a</link>
<description><![CDATA[WASHINGTON, May 16 (UPI) --  The delinquency rate for U.S. mortgage contracts dropped to 7.4 percent at the end of the first quarter of 2012, a national trade group said.

  
  
  
  
  


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<item rdf:about="http://pheed.upi.com/click.phdo?i=c18f0b5196913c90a71be9e68bd14355">
<title>Smiles and frowns over defense deals</title>
<link>http://pheed.upi.com/click.phdo?i=c18f0b5196913c90a71be9e68bd14355</link>
<description><![CDATA[MADRID, May 16 (UPI) --   There are smiles and frowns this week over contracts gained and contracts lost by Europe's defense equipment manufacturers.

  
  
  
  
  


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<item rdf:about="http://pheed.upi.com/click.phdo?i=6ca9bd73665e2838d086214e78844b3b">
<title>Early stock gains fading Wednesday</title>
<link>http://pheed.upi.com/click.phdo?i=6ca9bd73665e2838d086214e78844b3b</link>
<description><![CDATA[NEW YORK, May 16 (UPI) --  U.S. stock market gains were fading Wednesday as worries over the Greek economy continue to shake investor confidence.

  
  
  
  
  


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</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=d21a937a4ed4999acb3e9d65dd836143">
<title>EU presses Kiev on Tymoshenko case</title>
<link>http://pheed.upi.com/click.phdo?i=d21a937a4ed4999acb3e9d65dd836143</link>
<description><![CDATA[BRUSSELS, May 16 (UPI) --  Kiev is expected to take seriously calls to step back from its selective use of justice and politically motivated trials, a European leader said.

  
  
  
  
  


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</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=ddd4ce7832877a545185413de5f23d65">
<title>General Dynamics to provide communications support</title>
<link>http://pheed.upi.com/click.phdo?i=ddd4ce7832877a545185413de5f23d65</link>
<description><![CDATA[FAIRFAX, Va., May 16 (UPI) --  General Dynamics Advanced Information Systems has been contracted by the U.S. Department of Homeland Security for communications support.

  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=912e4acfc046f74b51d1782cba89ba94">
<title>Record low rates push mortgage activity up</title>
<link>http://pheed.upi.com/click.phdo?i=912e4acfc046f74b51d1782cba89ba94</link>
<description><![CDATA[WASHINGTON, May 16 (UPI) --  The Mortgage Bankers Association said U.S. mortgage activity rose 9.2 percent in the week ended Friday with interest rates hitting record lows.

  
  
  
  
  


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<item rdf:about="http://pheed.upi.com/click.phdo?i=45c6004d146d7b0eba61368667b57bc4">
<title>Eurozone CPI at 2.6 percent</title>
<link>http://pheed.upi.com/click.phdo?i=45c6004d146d7b0eba61368667b57bc4</link>
<description><![CDATA[BRUSSELS, May 16 (UPI) --  The 12-month consumer price index in the 17-member eurozone rose 2.6 percent in April, the European Union's data office said Wednesday.

  
  
  
  
  


]]></description>
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<item rdf:about="http://pheed.upi.com/click.phdo?i=ac794a814891def837aed51d10cdfd41">
<title>Mozambique gas find hikes East Africa boom</title>
<link>http://pheed.upi.com/click.phdo?i=ac794a814891def837aed51d10cdfd41</link>
<description><![CDATA[MAPUTO, Mozambique, May 16 (UPI) --   Mozambique's drive to become a major natural gas producer got a major boost last week with the discovery of a large offshore field in the Indian Ocean containing an estimated 20 trillion cubic feet.

  
  
  
  
  


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</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=921f86c3c789de643829f3babe5820a7">
<title>Industrial production rose in April</title>
<link>http://pheed.upi.com/click.phdo?i=921f86c3c789de643829f3babe5820a7</link>
<description><![CDATA[WASHINGTON, May 16 (UPI) --  Industrial production rose 1.1 percent in April after two months of holding unchanged, the U.S. Federal Reserve said Wednesday.

  
  
  
  
  


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</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=e3e81421152b2cdd5b68882b92f87e32">
<title>Home construction starts rose in April</title>
<link>http://pheed.upi.com/click.phdo?i=e3e81421152b2cdd5b68882b92f87e32</link>
<description><![CDATA[WASHINGTON, May 16 (UPI) --  New home construction starts in the United States rose in April, but permits that predict future business fell, the Commerce Department said Wednesday.

  
  
  
  
  


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<item rdf:about="http://pheed.upi.com/click.phdo?i=34facd043bff68369e4b4204c5606f99">
<title>India to reduce Iran oil imports</title>
<link>http://pheed.upi.com/click.phdo?i=34facd043bff68369e4b4204c5606f99</link>
<description><![CDATA[NEW DELHI, May 16 (UPI) --  India said it will reduce crude oil imports from Iran this year by 11.1 percent.

  
  
  
  
  


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<item rdf:about="http://pheed.upi.com/click.phdo?i=1daaab6708a7856b6f7a493e252e7bff">
<title>BAE looks to East Malaysia</title>
<link>http://pheed.upi.com/click.phdo?i=1daaab6708a7856b6f7a493e252e7bff</link>
<description><![CDATA[KUALA LUMPUR, Malaysia, May 16 (UPI) --  Senior executives at BAE Systems are to visit East Malaysia to expand cooperative ventures with local companies.

  
  
  
  
  


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</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=1baa7e8b7de060597ef9e0f8f6def568">
<title>Northrop signs MOUs with Brazilian firms</title>
<link>http://pheed.upi.com/click.phdo?i=1baa7e8b7de060597ef9e0f8f6def568</link>
<description><![CDATA[ITAJUBA, Brazil, May 16 (UPI) --  Northrop Grumman has signed agreements with two Brazilian companies for possible precision aerospace and defense machining work.

  
  
  
  
  


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<item rdf:about="http://pheed.upi.com/click.phdo?i=3c7299d91f90cc09d3693967cd4ee71f">
<title>General Dynamics debuts new machine gun</title>
<link>http://pheed.upi.com/click.phdo?i=3c7299d91f90cc09d3693967cd4ee71f</link>
<description><![CDATA[CHARLOTTE, N.C., May 16 (UPI) --  A new machine gun with a punch similar to a .50-caliber weapon but lighter in weight has been displayed by General Dynamics Armament and Technical Products.

  
  
  
  
  


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</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=acb79c3b10b2c7748d74351528d9a3db">
<title>Oil price skids on potential buildup </title>
<link>http://pheed.upi.com/click.phdo?i=acb79c3b10b2c7748d74351528d9a3db</link>
<description><![CDATA[NEW YORK, May 16 (UPI) --  Crude oil prices dropped to nearly $93 a barrel on the New York Mercantile Exchange Tuesday as U.S. stockpiles are expected to have grown this week.

  
  
  
  
  


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</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=c06a0965180fae569ef854ba3fc73741">
<title>T-6C trainer completes demo tour</title>
<link>http://pheed.upi.com/click.phdo?i=c06a0965180fae569ef854ba3fc73741</link>
<description><![CDATA[WICHITA, Kan., May 16 (UPI) --  A Hawker Beechcraft military training aircraft has finished up a two-month tour of the Asia-Pacific region to demonstrate its capabilities.

  
  
  
  
  


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<item rdf:about="http://pheed.upi.com/click.phdo?i=ff7a7b3f54f151292769dd1fb333bc4b">
<title>How will global warming impact water availability?</title>
<link>http://pheed.upi.com/click.phdo?i=ff7a7b3f54f151292769dd1fb333bc4b</link>
<description><![CDATA[WASHINGTON, May 16 (UPI) --  A general increase in average temperatures means there's less snowmelt feeding river basins in the United States, a study found.

  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=325259557e66c170706e47520098596d">
<title>Groups spar over Canadian oil sands</title>
<link>http://pheed.upi.com/click.phdo?i=325259557e66c170706e47520098596d</link>
<description><![CDATA[OTTAWA, May 16 (UPI) --  Industry advocates say "radical" environmentalists are blocking Canada's economic development, but oil sand critics say development comes with inherent risks.

  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=1fe6c67c45875c55ccd41a214e539812">
<title>Canadian manufacturing sales advance</title>
<link>http://pheed.upi.com/click.phdo?i=1fe6c67c45875c55ccd41a214e539812</link>
<description><![CDATA[OTTAWA, May 16 (UPI) --  Petroleum and coal helped Canadian manufacturing sales advance 1.9 percent to 49.7 billion in March, Statistics Canada reported Wednesday.

  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=6c6d70c4f3b721256171a75d0297b1a0">
<title>U.S. says most oil, gas acreage is idle</title>
<link>http://pheed.upi.com/click.phdo?i=6c6d70c4f3b721256171a75d0297b1a0</link>
<description><![CDATA[WASHINGTON, May 16 (UPI) --  More than two-thirds of the onshore and offshore acreage leased for oil and natural gas exploration remains idle, the U.S. Department of Interior said.

  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=804049bafa586bad614aa553941f2c69">
<title>California groups back fracking ban</title>
<link>http://pheed.upi.com/click.phdo?i=804049bafa586bad614aa553941f2c69</link>
<description><![CDATA[LOS ANGELES, May 16 (UPI) --  Environmental groups say no amount of regulation can ensure so-called fracking of oil and natural gas deposits is safe for California.

  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=d985b6e46fa4c301f7ef9ceeae046f73">
<title>EPA to spend millions on California cleanup</title>
<link>http://pheed.upi.com/click.phdo?i=d985b6e46fa4c301f7ef9ceeae046f73</link>
<description><![CDATA[LOS ANGELES, May 16 (UPI) --  A $6.6 million settlement with the Environmental Protection Agency will help pay for the cleanup of harmful solvents at a former industrial site in California.

  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=372559297accdbec9db624df9a8ceb19">
<title>Economic Outlook: Facebook&#x27;s faceoff</title>
<link>http://pheed.upi.com/click.phdo?i=372559297accdbec9db624df9a8ceb19</link>
<description><![CDATA[By ANTHONY HALLUnited Press International U.S. automaker General Motors, one of Facebook's biggest accounts,  is quitting the social media Web site, saying it is not cost effective to advertise there.

  
  
  
  
  


]]></description>
</item>

<item rdf:about="http://pheed.upi.com/click.phdo?i=83d3e078dab0d013ea2c69381d0a994f">
<title>Shell proposes LNG hub for western Canada</title>
<link>http://pheed.upi.com/click.phdo?i=83d3e078dab0d013ea2c69381d0a994f</link>
<description><![CDATA[VANCOUVER, British Columbia, May 16 (UPI) --  British supermajor Shell announced it teamed up with its Asian partners to develop a proposal for a liquefied natural gas export hub in western Canada.

  
  
  
  
  


]]></description>
</item>

</rdf:RDF>
