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  <rdf:li rdf:resource="http://www.upi.com/Business_News/2009/07/02/Grain-futures-close-lower-Thursday/UPI-64031246569425/" />
  <rdf:li rdf:resource="http://www.upi.com/Business_News/2009/07/02/US-markets-plunge-Thursday/UPI-29001246543793/" />
  <rdf:li rdf:resource="http://www.upi.com/Business_News/2009/07/02/Merrill-Lynch-senses-an-upturn/UPI-95841246568520/" />
  <rdf:li rdf:resource="http://www.upi.com/Business_News/2009/07/02/Tribune-and-Morning-News-reach-ad-deal/UPI-96751246568407/" />
  <rdf:li rdf:resource="http://www.upi.com/Business_News/2009/07/02/DOE-to-provide-59M-in-loan-guarantees/UPI-79621246567612/" />
  <rdf:li rdf:resource="http://www.upi.com/Business_News/2009/07/02/Beazer-to-pay-50M-for-mortgage-fraud/UPI-10691246563341/" />
  <rdf:li rdf:resource="http://www.upi.com/Business_News/2009/07/02/A-digital-age-victim-The-phone-directory/UPI-64271246562930/" />
  <rdf:li rdf:resource="http://www.upi.com/Business_News/2009/07/02/Many-say-US-economy-still-in-trouble/UPI-44611246559722/" />
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</items>
</channel>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106268444&#x26;ft=1&#x26;f=1006">
<title>Food Documentary Debate Misses Mainstream Farmers</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106268444&#x26;ft=1&#x26;f=1006</link>
<description><![CDATA[Food Inc., a documentary film about the modern agricultural industry, is a hit with big-city movie reviewers, small organic farmers and vegetarians. The movie argues that large-scale agriculture produces inexpensive meat and vegetables, but imposes high costs on the environment and Americans' health. But ordinary farmers &mdash; the people who grow the lion's share of what America eats &mdash; have largely been left out of the mainstream media debate over Food Inc. Frank Morris, of member station KCUR in Kansas City, drove out to hear what farmers are saying.]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106268452&#x26;ft=1&#x26;f=1006">
<title>Will Madoff&#x27;s Fate Comfort Victims?</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106268452&#x26;ft=1&#x26;f=1006</link>
<description><![CDATA[Host Scott Simon talks to New York Times business columnist Joe Nocera about the Bernie Madoff sentencing and what it means for victims of the Ponzi scheme.]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106242748&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106242748">
<title>Apple Warns Some iPhones May Have Heat Issues</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106242748&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106242748</link>
<description><![CDATA[Apple Inc. has issued an advisory that some 3G and 3GS iPhones may not do well in hot conditions. Apple is telling owners to keep the phones in places where the temperature is below 95 degrees.]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106242740&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106242740">
<title>FDIC Closes 1 Banks In Texas, 6 In Illinois</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106242740&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106242740</link>
<description><![CDATA[Seven banks were shut down Thursday &mdash; pushing the total number of banks that have failed this year to 52. The year is just half over, and already the figure is more than double what it was for all of 2008. Back in 2007, only three banks failed.]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106242743&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106242743">
<title>Author Offers Advice For First-Time Job Hunters</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106242743&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106242743</link>
<description><![CDATA[David Greene talks with Ellen Gordon Reeves about her new book Can I Wear My Nose Ring to the Interview? It's advice for young people who are job searching for the first time.]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106242731&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106242731">
<title>Morgage-Burning Parties Almost Extinct</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106242731&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106242731</link>
<description><![CDATA[When's the last time you went to a mortgage-burning party? Do people even pay off their 30-year mortgages anymore? NPR's Planet Money team went on a mission to find out.]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106242728&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106242728">
<title>Heavy Job Loss Prompts Stimulus Criticism</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106242728&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106242728</link>
<description><![CDATA[The surprising loss of 467,000 jobs in June, far more than expected, is fueling Republican criticism of the Obama administration's stimulus program. After the numbers were announced Thursday, President Obama called the huge job losses sobering. The continuing fallout in the labor market is causing problems in the housing sector, and vice versa. ]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106242754&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106242754">
<title>Visiting Sen. Grassley At Home in Iowa</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106242754&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106242754</link>
<description><![CDATA[Congress returns to Washington next week with health care on its mind. President Obama and the Democrats agree with Republicans that legislation overhauling health care should be bipartisan. And there may be no stronger advocate for bipartisanship on health care than Senator Chuck Grassley, the top Republican on the Finance Committee. ]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106157245&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106157245">
<title>For Sale: Your Michael Jackson Memorabilia</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106157245&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106157245</link>
<description><![CDATA[Since Michael Jackson died last week, his trading cards, old albums and autographs are selling for huge amounts of money. A letter Michael Jackson wrote to an unknown "Greg" sold for $20,000, and an album signed by all of the Jackson 5 sold for $27,000.]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106232155&#x26;ft=1&#x26;f=1006">
<title>Risks, Benefits Of Securitization Under Scrutiny</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106232155&#x26;ft=1&#x26;f=1006</link>
<description><![CDATA[As part of its plan to reform financial markets, the Obama administration will turn its focus to the securitization industry. These days, almost anytime someone borrows money, the debt gets repackaged into a security that can be bought or sold like a stock.]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106225597&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106225597">
<title>New Owner Spurs Optimism At Saturn</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106225597&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106225597</link>
<description><![CDATA[Many Saturn dealers and customers were relieved after hearing that Roger Penske would buy the company from General Motors. Penske has a reputation as a dynamo in his many business endeavors, but the company will be entering uncharted waters with the Saturn venture.]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106225555&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106225555">
<title>Economist: Stimulus Appears To Be Working</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106225555&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106225555</link>
<description><![CDATA[More jobs were lost last month than expected, but the Obama administration's economic stimulus package promises to create 600,000 jobs by the end of the summer. Mark Zandi, the chief economist at Moody's Economy.com, says that without the stimulus, the numbers would be worse.]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106225547&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106225547">
<title>U.S. Shed 467,000 Jobs In June</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106225547&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106225547</link>
<description><![CDATA[The Labor Department reported Thursday that U.S. businesses shed a bigger-than-expected 467,000 jobs in June. The unemployment rate rose slightly to 9.5 percent, the highest in nearly 26 years. The Dow Jones industrial average fell more than 200 points on the news. ]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106225550&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106225550">
<title>Obama Disappointed By Jobs Numbers</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106225550&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106225550</link>
<description><![CDATA[President Obama said Thursday he is "deeply concerned" about unemployment. The remarks to The Associated Press came after the Labor Department said U.S. businesses shed 467,000 jobs in June and that the unemployment rate increased to 9.5 percent. ]]></description>
</item>

<item rdf:about="http://www.npr.org/templates/story/story.php?storyId=106225564&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106225564">
<title>Report: SEC Official Raised Madoff Concern</title>
<link>http://www.npr.org/templates/story/story.php?storyId=106225564&#x26;ft=1&#x26;f=1006http://api.npr.org/templates/xanadu/view/api/transcript.php?id=106225564</link>
<description><![CDATA[In 2004, an investigator with the Securities and Exchange Commission warned superiors of inconsistencies in convicted fraudster Bernard Madoff's trading practices. She was, however, told to focus on other investigations. Zachary Goldfarb, a business and economics reporter with The Washington Post, offers his insight. ]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/886Z5ye1rkI/index.htm">
<title>Porsche-Volkswagen showdown looms</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/886Z5ye1rkI/index.htm</link>
<description><![CDATA[Read full story for latest details.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/ovlg6pqmDNI/index.htm">
<title>Japan backs dollar as reserve currency</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/ovlg6pqmDNI/index.htm</link>
<description><![CDATA[Read full story for latest details.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/PfwMgMQsOWQ/index.htm">
<title>Bacon entrepreneurs bring in the bucks</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/PfwMgMQsOWQ/index.htm</link>
<description><![CDATA[Tired of hearing that everything tastes like chicken? So are Seattle entrepreneurs Justin Esch and Dave Lefkow. They want it all to taste like bacon.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/5JWNCwyyeM8/index.htm">
<title>Oil below $66</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/5JWNCwyyeM8/index.htm</link>
<description><![CDATA[Read full story for latest details.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/9n0WztEII_I/index.htm">
<title>Small business lending falls sharply</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/9n0WztEII_I/index.htm</link>
<description><![CDATA[Despite emergency stimulus measures, small business lending continues to fall. In the just-ended quarter, the Small Business Administration's flagship program backed 30% fewer loans than it did a year ago, and 55% fewer loans than it did in 2007, before the recession set in.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/yIpTzM9wLFI/index.htm">
<title>Health care: Will &#x27;pay or play&#x27; chase employers away?</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/yIpTzM9wLFI/index.htm</link>
<description><![CDATA[It is one of the touchiest issues in the health care debate: Would a government-run health plan upend the employer-based health insurance system used by 160 million Americans?]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/kKJ2ZJlSvck/index.htm">
<title>Seven banks fail, pushing 2009 tally to 52</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/kKJ2ZJlSvck/index.htm</link>
<description><![CDATA[Seven banks were shut down by authorities Thursday, pushing the tally of failed banks for 2009 to 52, more than doubling the failures in 2008.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/kpLONiWkqN4/index.htm">
<title>Oil&#x27;s record high, one year later</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/kpLONiWkqN4/index.htm</link>
<description><![CDATA[One year ago, on July 3, 2008, oil prices settled at a record high -- a once-unthinkable $145.29 a barrel]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/bNIlxuIG-6A/index.htm">
<title>Genetic sequencing gets personal</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/bNIlxuIG-6A/index.htm</link>
<description><![CDATA[Price competition is coming to the rarified world of genome sequencing.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/Ptd5pAI81NI/index.htm">
<title>FDIC&#x27;s tough terms for buyers of failed banks</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/Ptd5pAI81NI/index.htm</link>
<description><![CDATA[Read full story for latest details.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/Bqx8m9EEJIY/index.htm">
<title>Unemployment survival guide</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/Bqx8m9EEJIY/index.htm</link>
<description><![CDATA[Unemployment hit 9.5 % today. Since the beginning of the year, almost 3 and a half million people have lost their jobs. And it's not just about losing a paycheck, it's also a way of life.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/hMUqy4QGjG4/index.htm">
<title>Taking a weed whacker to green shoots</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/hMUqy4QGjG4/index.htm</link>
<description><![CDATA[It looks like someone may have sprayed a healthy dose of Ortho Weed B Gon on those economic green shoots.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/CTDlcv3oclA/index.htm">
<title>The last thing consumers need: a new agency</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/CTDlcv3oclA/index.htm</link>
<description><![CDATA[In his latest astutely staged gesture as grand economic reformer, President Obama this week directed his Treasury Department to deliver to Congress a 153-page bill creating a new agency to protect unwitting consumers against devious lenders.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/9VUh1XxYIaY/index.htm">
<title>States fire shots in Internet sales tax war</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/9VUh1XxYIaY/index.htm</link>
<description><![CDATA[Read full story for latest details.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/_e-gzW1K64U/index.htm">
<title>Mortgage rates slide</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/_e-gzW1K64U/index.htm</link>
<description><![CDATA[Home mortgage rates retreated last week, with the 30-year fixed slipping to 5.7% from 5.8% the week prior, according to a report from a financial data aggregator released Thursday.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/kANPzKwtv7E/index.htm">
<title>Money train: The cost of high-speed rail</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/kANPzKwtv7E/index.htm</link>
<description><![CDATA[President Obama is pouring $13 billion into an ambitious high-speed rail project. Some say it will never make money. Some say it will. And still others say profit is not even the point.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/4-foc64U9yE/index.htm">
<title>GM awaits its fate as closing arguments end</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/4-foc64U9yE/index.htm</link>
<description><![CDATA[Lawyers wrapped up their closing arguments in the GM bankruptcy case Thursday, opening the way for the judge to decide whether to approve or deny the sale of the automaker's assets to a "new GM."]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/3NlNvZlnWBo/index.htm">
<title>Historic sites struggle during downturn</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/3NlNvZlnWBo/index.htm</link>
<description><![CDATA[As the recession continues and Americans look for cheaper local summer getaways, historic sites are seeing visitor traffic tick up, and hope attendance will help them offset the painful drop in donations.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/6qPe46JWRFE/index.htm">
<title>Dollar rises after jobs data</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/6qPe46JWRFE/index.htm</link>
<description><![CDATA[Read full story for latest details.]]></description>
</item>

<item rdf:about="http://rss.cnn.com/~r/rss/money_latest/~3/p8PWWMSuJc8/index.htm">
<title>Wesley Clark: Ethanol&#x27;s field general</title>
<link>http://rss.cnn.com/~r/rss/money_latest/~3/p8PWWMSuJc8/index.htm</link>
<description><![CDATA[If ever there were an industry in need of a general, it's the ethanol industry. Already under siege from food companies blaming biofuels for rising grocery prices, ethanol companies are now seeing their profit margins crushed by falling prices for their product. Compounding the problem, many environmentalists -- who five minutes ago seemed to be in ethanol's corner -- have turned against the corn-based fuel.]]></description>
</item>

<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>
</item>

<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>
</item>

<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>
</item>

<item rdf:about="http://www.newyorker.com/talk/financial/2009/06/01/090601ta_talk_surowiecki">
<title>James Surowiecki: Board Stiff</title>
<link>http://www.newyorker.com/talk/financial/2009/06/01/090601ta_talk_surowiecki</link>
<description><![CDATA[When Citigroup and Bank of America held their annual meetings last month, shareholders were in an understandably surly mood. Even as the companies&#8217; C.E.O.s apologized for past failures and vowed to do better, shareholders blasted the executives for their incompetence, and talked about the need for dramatic change. Yet, after&#160;.&#160;.&#160;.]]></description>
</item>

<item rdf:about="http://www.newyorker.com/talk/financial/2009/05/11/090511ta_talk_surowiecki">
<title>James Surowiecki: How banks got big.</title>
<link>http://www.newyorker.com/talk/financial/2009/05/11/090511ta_talk_surowiecki</link>
<description><![CDATA[Amid the blizzard of economic data that the government puts out every week, last Tuesday&#8217;s report analyzing G.D.P. industry by industry got little notice. But it contained one very interesting piece of data: in 2008, for the first time in sixteen years, the finance and insurance industry shrank. Since 1980&#160;.&#160;.&#160;.]]></description>
</item>

<item rdf:about="http://www.newyorker.com/talk/2009/04/27/090427ta_talk_collins">
<title>Lauren Collins: A book honoring mom wit.</title>
<link>http://www.newyorker.com/talk/2009/04/27/090427ta_talk_collins</link>
<description><![CDATA[Hey, Mom,  What&#8217;s going on? You know how my friends and I always get a kick out of the e-mails and texts that our moms send us? Like, after the big Hillary debate, when you wrote, &#8220;2 quote Bill, she&#8217;s a scumbag!&#8221; or the time Mrs. Williams thought that&#160;.&#160;.&#160;.]]></description>
</item>

<item rdf:about="http://www.newyorker.com/talk/financial/2009/04/20/090420ta_talk_surowiecki">
<title>James Surowiecki: How should companies behave in recessions?</title>
<link>http://www.newyorker.com/talk/financial/2009/04/20/090420ta_talk_surowiecki</link>
<description><![CDATA[In the late nineteen-twenties, two companies--Kellogg and Post--dominated the market for packaged cereal. It was still a relatively new market: ready-to-eat cereal had been around for decades, but Americans didn&#8217;t see it as a real alternative to oatmeal or cream of wheat until the twenties&#160;.&#160;.&#160;.]]></description>
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<item rdf:about="http://www.newyorker.com/talk/financial/2009/04/06/090406ta_talk_surowiecki">
<title>James Surowiecki: The aims of the Geithner plan.</title>
<link>http://www.newyorker.com/talk/financial/2009/04/06/090406ta_talk_surowiecki</link>
<description><![CDATA[Not long ago, many of America&#8217;s biggest banks made terrible bets on overpriced real estate and suffered huge losses. While the banks insisted that they were fundamentally healthy, economists and politicians declared many of them to be insolvent. Government regulators, though, allowed the banks to stay in business. The banks&#160;.&#160;.&#160;.]]></description>
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<item rdf:about="http://www.newyorker.com/talk/financial/2009/03/30/090330ta_talk_surowiecki">
<title>James Surowiecki: Europe&#x27;s stimulus aversion.</title>
<link>http://www.newyorker.com/talk/financial/2009/03/30/090330ta_talk_surowiecki</link>
<description><![CDATA[In American politics, &#8220;Europe&#8221; is usually a code word for &#8220;big government.&#8221; So in the midst of a global recession, with the U.S. and China shelling out trillions in fiscal stimulus, you might expect that European governments would be spending furiously, too. Far from it. While the U.S. is devoting&#160;.&#160;.&#160;.]]></description>
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<item rdf:about="http://www.newyorker.com/talk/financial/2009/03/16/090316ta_talk_surowiecki">
<title>James Surowiecki: Credit cards in crisis.</title>
<link>http://www.newyorker.com/talk/financial/2009/03/16/090316ta_talk_surowiecki</link>
<description><![CDATA[In tough times, businesses will do nearly anything to get new customers--look at the big markdowns at retailers and the cheap financing at auto dealerships. But there is an exception to the rule: these days, credit-card companies are trying to get rid of customers. They&#8217;re shutting down accounts&#160;.&#160;.&#160;.]]></description>
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/Nmomgez4KzQ/idUSTRE5631BK20090704">
<title>GM Europe head says to sell Opel to Magna soon: report</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/Nmomgez4KzQ/idUSTRE5631BK20090704</link>
<description><![CDATA[FRANKFURT (Reuters) - General Motors Europe President Carl-Peter Forster expects to sell German unit Opel to Canadian auto parts supplier Magna soon, he told a German newspaper.
  
]]></description>
</item>

<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/mAB4k4yDxHA/idUSTRE5623SG20090703">
<title>Medici lawyer says Kohn didn&#x27;t get Madoff payments</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/mAB4k4yDxHA/idUSTRE5623SG20090703</link>
<description><![CDATA[NEW YORK/VIENNA (Reuters) - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
  
]]></description>
</item>

<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/SaTac7NGZeY/idUSN0315307920090703">
<title>Teck to sell 17 percent stake to China for C$1.74 billion</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/SaTac7NGZeY/idUSN0315307920090703</link>
<description><![CDATA[TORONTO (Reuters) - Teck Resources  said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.
  
]]></description>
</item>

<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/mJ-HdNAgRZQ/idUSTRE5616O820090703">
<title>Earnings to set tone for stocks in week ahead</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/mJ-HdNAgRZQ/idUSTRE5616O820090703</link>
<description><![CDATA[NEW YORK (Reuters) - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
  
]]></description>
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/NA5Tg8lqxfQ/idUSTRE5624SE20090703">
<title>Stanford clients sue insurance broker Willis Group</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/NA5Tg8lqxfQ/idUSTRE5624SE20090703</link>
<description><![CDATA[NEW YORK (Reuters) - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.
  
]]></description>
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/JMZvSQDF8zM/idUSL325178220090703">
<title>Dollar status unlikely to be in G8 communique: G8 source</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/JMZvSQDF8zM/idUSL325178220090703</link>
<description><![CDATA[(Reuters) - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
  
]]></description>
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/hnbjmxP7Kus/idUSTRE5621Z120090704">
<title>About 10 firms submit bids for AIG Taiwan unit: reports</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/hnbjmxP7Kus/idUSTRE5621Z120090704</link>
<description><![CDATA[TAIPEI (Reuters) - About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's  Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion.
  
]]></description>
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/zEfXIrRVry0/idUSTRE5621U520090703">
<title>Oil brokerage PVM names rogue trader behind oil spike</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/zEfXIrRVry0/idUSTRE5621U520090703</link>
<description><![CDATA[LONDON (Reuters) - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.
  
]]></description>
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/RcpTsXSB0DU/idUSTRE55L17H20090703">
<title>Oil falls below $66 after bleak U.S. jobs data</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/RcpTsXSB0DU/idUSTRE55L17H20090703</link>
<description><![CDATA[LONDON (Reuters) - Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.
  
]]></description>
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<item rdf:about="http://feeds.reuters.com/~r/reuters/businessNews/~3/_Rj-CLRWl1U/idUSTRE5630CB20090704">
<title>Shanghai plans own &#x22;Wall Street bull&#x22;: report</title>
<link>http://feeds.reuters.com/~r/reuters/businessNews/~3/_Rj-CLRWl1U/idUSTRE5630CB20090704</link>
<description><![CDATA[BEIJING (Reuters) - Wall Street may be down on its luck, but China's growing business hub, Shanghai, plans to install its own version of the Street's famed charging bull statue, casting in metal its hopes to eventually rival New York.
  
]]></description>
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<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/HjZrXWdc2Xc/wireStory">
<title>For Investors, Cash Is King</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/HjZrXWdc2Xc/wireStory</link>
<description><![CDATA[Burned by the market, many seek cash assets for long-term portfolios.]]></description>
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<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/ycZVpY-iGwE/playerIndex">
<title> WATCH:  Frugal Fireworks</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/ycZVpY-iGwE/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/dCWA3GK62DU/story">
<title>All Bets Off for Russia&#x27;s Casinos?</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/dCWA3GK62DU/story</link>
<description><![CDATA[More than 400,000 out of work as Russia's casinos close under anti-vice law.]]></description>
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<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/45aCnvpTvBk/wireStory">
<title>States Ring in the 4th ... With No Money</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/45aCnvpTvBk/wireStory</link>
<description><![CDATA[Several states enter first the weekend of the fiscal year without a budget plan.]]></description>
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<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/XEN-_goCsqs/story">
<title>New Orleans Is Fastest Growing City</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/XEN-_goCsqs/story</link>
<description><![CDATA[New census report shows NOLA, Texas towns making big gains in population.]]></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/_0gpXJ34YWY/story">
<title>Obama Stresses Green Jobs</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/_0gpXJ34YWY/story</link>
<description><![CDATA[Hours after disappointing jobs report, president touts green job creation.]]></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/mDMgpxtEJ3g/story">
<title>Has the Housing Market Hit Bottom?</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/mDMgpxtEJ3g/story</link>
<description><![CDATA[A look at how 10 cities across America are weathering the housing crisis.]]></description>
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<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/-tovznD4hVE/story">
<title>America&#x27;s Most Troubled Luxury Neighborhoods</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/-tovznD4hVE/story</link>
<description><![CDATA[The collapse in prices has finally come home to the rich.]]></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/x8qNGrDGUew/wireStory">
<title>MOUNTAIN OF DEBT: Rising Debt May Be Next Crisis</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/x8qNGrDGUew/wireStory</link>
<description><![CDATA[MOUNTAIN OF DEBT: Legacy of debt from Founding Fathers not celebrated on Independence Day]]></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/H1Dd3uLunP8/story">
<title>Did Michael Jackson&#x27;s Death Save His Reputation?</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/H1Dd3uLunP8/story</link>
<description><![CDATA[Fans are left downloading his biggest hits instead of seeing him fall on tour.]]></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/oGugqN5wRcM/wireStory">
<title>GM Awaits Judge&#x27;s Ruling on Sale Plan</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/oGugqN5wRcM/wireStory</link>
<description><![CDATA[General Motors left to wait as judge adjourns hearing without indicating ruling's timing]]></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/T059MEgJac4/story">
<title>Gotta Go? iPhone App Tells Moviegoers When to Pee</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/T059MEgJac4/story</link>
<description><![CDATA[New app tells moviegoers when to break for the bathroom and what they missed.]]></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/XJajTiIXG2c/playerIndex">
<title> WATCH:  Unemployment Skyrockets to 9.5 Percent</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/XJajTiIXG2c/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/2LyMXbcwoW8/playerIndex">
<title> WATCH:  Hot Vacation Deals in a Chilly Economy</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/2LyMXbcwoW8/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/FSjQjtJPvxs/playerIndex">
<title> WATCH:  Swipe No More, Just Dial!</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/FSjQjtJPvxs/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/CggFsreKrqk/playerIndex">
<title> WATCH:  Jobs Report: Is the Recovery Continuing?</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/CggFsreKrqk/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/M1Av9ddNhQE/playerIndex">
<title> WATCH:  U.S. Families&#x27; Net Worth Decreases</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/M1Av9ddNhQE/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/3g8s-XBZm1U/playerIndex">
<title> WATCH:  Quick Fix: &#x27;Space Invaders&#x27; Attack Expenses</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/3g8s-XBZm1U/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/-M59WaVWAzQ/playerIndex">
<title> WATCH:  GM Looks to Exit Chapter 11</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/-M59WaVWAzQ/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/VM5Yf-VvKh8/playerIndex">
<title> WATCH:  How to Move on the Cheap</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/VM5Yf-VvKh8/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/2bN1yPULj_w/playerIndex">
<title> WATCH:  Beware of New Bank Fees</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/2bN1yPULj_w/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/NShbDgyd3S0/playerIndex">
<title> WATCH:  Madoff to Victims: &#x27;I&#x27;m Sorry&#x27;</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/NShbDgyd3S0/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/811RfkM8lFg/playerIndex">
<title> WATCH:  Ways to Save on Insurance</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/811RfkM8lFg/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://feedproxy.google.com/~r/AbcNews_Business/~3/XDGRx9d2-7c/playerIndex">
<title> WATCH:  Bernie Madoff Faces Stiff Sentence</title>
<link>http://feedproxy.google.com/~r/AbcNews_Business/~3/XDGRx9d2-7c/playerIndex</link>
<description></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8134123.stm">
<title>BT offers holidays for pay cuts</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8134123.stm</link>
<description><![CDATA[BT offers staff the chance of long holidays in return for a big pay cut in a bid to reduce costs during the economic downturn.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8131816.stm">
<title>Rogue trades cost oil broker $10m</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8131816.stm</link>
<description><![CDATA[A rogue trader at a London-based oil brokerage causes his employer to lose $10m (£6m) after making unauthorised trades.
]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8133706.stm">
<title>BA to cut spending by one fifth</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8133706.stm</link>
<description><![CDATA[British Airways says it is to reduce capital spending by 20% as it faces falling passenger numbers.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/in_depth/business/2008/downturn/">
<title>Latest news, explainers and advice on coping with a recession</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/in_depth/business/2008/downturn/</link>
<description><![CDATA[ ]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8131898.stm">
<title>Darling issues warning to bankers</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8131898.stm</link>
<description><![CDATA[Chancellor Alistair Darling warns bankers it would be "disastrous" to repeat past mistakes - especially excessive bonuses.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8133703.stm">
<title>E.On cutting gas prices by 3.3%</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8133703.stm</link>
<description><![CDATA[Energy firm E.On will cut its gas prices for domestic customers by 3.3% - an average of £25 a year - from Saturday.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8133004.stm">
<title>Mandelson hints at Vauxhall loans</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8133004.stm</link>
<description><![CDATA[The UK is prepared to make loans or loan guarantees to help push through the sale of Vauxhall, says Lord Mandelson.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8132081.stm">
<title>Mortgage repayment quickens</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8132081.stm</link>
<description><![CDATA[Homeowners in the UK paid back a record amount of their outstanding mortgage debt during the first three months of 2009.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8133236.stm">
<title>Europe nears gas pipeline accord</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8133236.stm</link>
<description><![CDATA[Five European governments are due to sign an agreement on 13 July for a major new pipeline from Central Asia.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8132437.stm">
<title>Union&#x27;s Tesco challenge defeated</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8132437.stm</link>
<description><![CDATA[Tesco shareholders vote against a call to end the alleged exploitation of workers in firms supplying meat to the supermarket group.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8132550.stm">
<title>How to find property in England and Wales for under &#xA3;40,000</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8132550.stm</link>
<description><![CDATA[The most affordable property in some areas of England and Wales is on the market for less than £40,000, a survey suggests.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/world/asia-pacific/8115677.stm">
<title>Korea change</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/world/asia-pacific/8115677.stm</link>
<description><![CDATA[How a British beer ended up as Pride of Pyongyang]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8130595.stm">
<title>Feed the poor</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8130595.stm</link>
<description><![CDATA[Welfare costs to strain India's budget]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8132567.stm">
<title>Rogue trading</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8132567.stm</link>
<description><![CDATA[Can one individual have the clout to move markets?]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8127161.stm">
<title>Man&#x27;s world?</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8127161.stm</link>
<description><![CDATA[Encouraging more women to work on building sites]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8130318.stm">
<title>Burning out</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8130318.stm</link>
<description><![CDATA[Budget busts mean damp squibs in the US on 4 July]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8133631.stm">
<title>For richer...</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8133631.stm</link>
<description><![CDATA[Is this the green light for pre-nuptial agreements?]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8132400.stm">
<title>Eurozone retail sales post fall</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8132400.stm</link>
<description><![CDATA[Retail sales in the eurozone fell more than expected in May, a further sign of the slowing economy, data shows.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8131972.stm">
<title>More backing for Rio cash-raising</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8131972.stm</link>
<description><![CDATA[A Rio Tinto rights issue sees strong take-up from existing holders of its Australian-listed shares - after similar UK success.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8132291.stm">
<title>Regulators eye Google book deal</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8132291.stm</link>
<description><![CDATA[US anti-trust regulators are to examine Google's $125m deal with book publishers to settle copyright issues, reports say.]]></description>
</item>

<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8132701.stm">
<title>Construction sees slowdown</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8132701.stm</link>
<description><![CDATA[The UK construction sector is expected to shrink by 16% in 2009, according to an industry body. ]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/world/asia-pacific/8132548.stm">
<title>Japan rethinks silent hybrid cars</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/world/asia-pacific/8132548.stm</link>
<description><![CDATA[Japan considers adding noise-making devices to quiet hybrid cars to improve safety for blind pedestrians.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8131965.stm">
<title>GM awaits US ruling on sale plans</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8131965.stm</link>
<description><![CDATA[A new General Motors could emerge from bankruptcy protection soon if a US judge approves its plans to sell assets.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8132823.stm">
<title>Go-ahead for Sahara gas pipeline</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8132823.stm</link>
<description><![CDATA[Nigeria, Niger and Algeria agree to build a multi-billion-dollar gas pipeline across the Sahara.

]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8131860.stm">
<title>Madoff&#x27;s luxury penthouse seized</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8131860.stm</link>
<description><![CDATA[US marshalls seize the $7m Manhattan penthouse of imprisoned fraudster Bernard Madoff, forcing his wife to move.
]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8131108.stm">
<title>Vodafone in deal with Carphone</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8131108.stm</link>
<description><![CDATA[Carphone Warehouse is to restart selling Vodafone mobile phone contracts, three years after Vodafone pulled the products.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8129555.stm">
<title>Credit card cheques crackdown</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8129555.stm</link>
<description><![CDATA[Unwanted credit card cheques will be banned and a new post created to help consumers get refunds, the government says.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8130703.stm">
<title>US job losses worse than thought</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8130703.stm</link>
<description><![CDATA[The number of jobs lost in the US last month came in at 467,000, which is much more than had been expected.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8131707.stm">
<title>IMF refuses Zimbabwe new aid</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8131707.stm</link>
<description><![CDATA[The International Monetary Fund tells Zimbabwe it will not provide more funds until it has settled its existing $1bn debts.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8131361.stm">
<title>Pension view &#x27;not radical enough&#x27;</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8131361.stm</link>
<description><![CDATA[The author of an influential report into the future of pensions in the UK tells the BBC his proposals were not radical enough.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8130328.stm">
<title>Pensions &#x27;threat&#x27; to Royal Mail</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8130328.stm</link>
<description><![CDATA[Failure to resolve the Royal Mail's huge pension deficit threatens the UK's universal postal service, it has been claimed.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8130569.stm">
<title>More defaults expected on loans</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8130569.stm</link>
<description><![CDATA[Defaults on loans have risen and are expected to increase in the coming months, a Bank of England survey finds.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/world/americas/8129840.stm">
<title>California in &#x27;fiscal emergency&#x27;</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/world/americas/8129840.stm</link>
<description><![CDATA[Governor Arnold Schwarzenegger declares a fiscal emergency in California to deal with a $24.3bn (£14.5bn) deficit.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8130070.stm">
<title>Indian growth of 7% &#x27;is possible&#x27;</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8130070.stm</link>
<description><![CDATA[Economic growth of 7% in India is possible this year, according to a report from the country's finance ministry. ]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8130192.stm">
<title>Eurozone unemployment up again</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8130192.stm</link>
<description><![CDATA[The unemployment rate in the 16 countries using the euro rose to 9.5% in May, according to official EU statistics.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8130071.stm">
<title>RBS boss to delay selling shares</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8130071.stm</link>
<description><![CDATA[Royal Bank of Scotland says chief executive Stephen Hester will not cash in shares worth up to £3.4m for a further two years.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8130237.stm">
<title>Warm weather helping Greene King</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8130237.stm</link>
<description><![CDATA[Brewer Greene King sees its annual profits fall 62%, but says recent trading had been boosted by the hot weather.]]></description>
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<item rdf:about="http://news.bbc.co.uk/go/rss/-/1/hi/business/8129744.stm">
<title>New sales falls for US car makers</title>
<link>http://news.bbc.co.uk/go/rss/-/1/hi/business/8129744.stm</link>
<description><![CDATA[US vehicle sales dropped in June, but there were signs of stabilisation as Ford saw its smallest decline in a year.]]></description>
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<item rdf:about="http://www.bbc.co.uk/go/rss/-/blogs/thereporters/robertpeston/">
<title>Robert Peston&#x27;s blog: Keep up-to-date with the latest business analysis</title>
<link>http://www.bbc.co.uk/go/rss/-/blogs/thereporters/robertpeston/</link>
<description><![CDATA[For the latest business analysis  ]]></description>
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<item rdf:about="http://www.bbc.co.uk/go/rss/-/guidelines/editorialguidelines/advice/">
<title>Guidelines for financial journalists</title>
<link>http://www.bbc.co.uk/go/rss/-/guidelines/editorialguidelines/advice/</link>
<description><![CDATA[ ]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13962515&#x26;fsrc=rss">
<title>Foreign oil firms in Iraq: Waiting game</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13962515&#x26;fsrc=rss</link>
<description><![CDATA[The Western giants hold out for a better offerFOR some conspiracy theorists, the war in Iraq was always about gaining control of the world&#8217;s third-largest oil reserves for Western energy firms. True or not, things are not panning out that way. This week most big oil companies turned their backs on the first opening of Iraqi production to foreign investors since Saddam Hussein nationalised the industry 37 years ago. The oil ministry, which wants to lift crude output from 2.4m barrels a day (b/d) last year to 6m b/d by 2017, hoped a much-delayed licensing round for eight of the country&#8217;s biggest oil- and gasfields would bring international firms&#8212;with their capital and expertise&#8212;back to Iraq. But the televised auction proved embarrassing for Hussein al-Shahristani, Iraq&#8217;s oil minister. Just one contract was awarded, to a joint venture between BP and China&#8217;s CNPC, which beat a bid from Exxon Mobil and Petronas of Malaysia. That contract covers the Rumaila oilfield, Iraq&#8217;s second largest. BP and its partner must now increase its output from 1m b/d to 2.85m b/d within six years. Their reward will be $2 a barrel, half the amount BP originally sought. ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13961621&#x26;fsrc=rss">
<title>The recession spurs self-service: Help yourself</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13961621&#x26;fsrc=rss</link>
<description><![CDATA[Customers are working for companies free of charge, and they like itAMERICANS worried that cheap labour in faraway countries threatens jobs at home should redirect their gaze to the mirror. Yes, companies are outsourcing jobs&#8212;to their customers. They are steering ever greater numbers to ATMs instead of tellers, websites instead of telephone hotlines and automated checkouts instead of manned registers. The recession is making them even keener.Self-service is on the rise in industries from retailing and entertainment to travel and telecommunications. According to VDC Research Group, retailing, hospitality and health-care firms spent $2.8 billion on self-service technology in 2008. Between now and 2013 their investment will grow by around 15% a year. Speech-recognition technology, which permits automated responses to telephone calls, is also faring well. Datamonitor Group, a consultancy, expects spending on that to rise by around 8% in 2009. ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13962542&#x26;fsrc=rss">
<title>Corporate bankruptcies in America: The boom in busts</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13962542&#x26;fsrc=rss</link>
<description><![CDATA[Bankruptcies are at near-record levelsIT IS not quite the Armageddon that was being predicted in the weeks after Lehman Brothers became America&#8217;s biggest corporate bankruptcy last September. But this recession is still on course to be second only to the Depression in terms of companies going bust. Measured by the firm&#8217;s assets at the time of filing for protection from their creditors, the past year has seen five of the eight biggest bankruptcy filings in the history of American business&#8212;with Washington Mutual, Thornburg Mortgage, General Motors (GM) and Chrysler joining Lehman on the list.A good indicator of the awfulness of the downturn is the market for junk bonds, which surely deserve the name again after nearly two decades of attempts to rebrand them as safer-sounding &#8220;high-yield debt&#8221;. At the end of May 9.2% of high-yield debt issues (globally, but dominated by American paper) had defaulted during the previous 12 months, compared with less than 1% in the year to December 2007. The failure rate is on course to hit 13.8% in the fourth quarter of this year, according to Moody&#8217;s, a credit-rating agency, after which it should start to decline. That would be slightly higher than in the two previous recessions, when the percentage of defaults peaked at 10.9% (in January 2002) and 12.8% (in June 1991), but below the all-time high of around 16.3% in 1933. ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13962526&#x26;fsrc=rss">
<title>Russia&#x27;s dismal investment climate: Courting disaster</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13962526&#x26;fsrc=rss</link>
<description><![CDATA[Legal and bureaucratic caprice is still undermining foreign investmentTHE website of Telenor, a state-controlled Norwegian telecoms firm, has a special section dedicated to its investments in Russia and its dispute with Alfa Group, its Russian partner. It is a long and unhappy saga filled with headings such as &#8220;Geneva arbitration&#8221;, &#8220;Court abuses&#8221; and &#8220;Black PR campaigns&#8221;.Telenor and Altima, the telecoms arm of Alfa, are shareholders in both VimpelCom of Russia and Kyivstar of Ukraine. In 2004 Altima, which wanted to expand its business in Ukraine further, suggested that VimpelCom buy another Ukrainian telecoms firm. Telenor resisted, saying that the price was too high. Altima accused Telenor of sabotaging its growth. ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13962534&#x26;fsrc=rss">
<title>Restructuring South Korea&#x27;s chaebol: A helping hand</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13962534&#x26;fsrc=rss</link>
<description><![CDATA[Is the government taking a hard enough line with indebted conglomerates?ON THE face of things, the restructuring of South Korea&#8217;s heavily indebted family-owned conglomerates (chaebol) is proceeding apace. On June 28th the eighth-biggest, Kumho Asiana, said it would sell its one-third stake in Daewoo Engineering &amp; Construction, one of its biggest units. Past governments have coddled chaebol, but the current one says free-market principles should prevail. Regulators say that they have been urging banks to take a hard line with nine struggling chaebol, including Kumho Asiana.In addition to Daewoo, Kumho Asiana owns Asiana, the country&#8217;s second-biggest airline, and petrochemical, tyre, life-insurance, resort and transport businesses. As with other chaebol, descendants of the founder still control the business. In 2008 it used its airline and Daewoo to become the biggest shareholder in South Korea&#8217;s biggest logistics company, Korea Express. That acquisition, along with the purchase of Daewoo in 2006, has left it with debt of 15 trillion won ($11.8 billion). Moreover, the 18 South Korean banks and other investors that had bought almost 40% of Daewoo alongside Kumho Asiana are likely to exercise an option in December to sell the conglomerate their shares at a price of 31,500 won&#8212;over three times the level of June 26th. So Kumho Asiana needs to find another 4 trillion won. ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13962472&#x26;fsrc=rss">
<title>Corporate tax: Escaping the shakedown</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13962472&#x26;fsrc=rss</link>
<description><![CDATA[Governments are not raising corporate tax, but firms can no longer count on the taxman to treat them ever more kindlyWHEN the Irish government, reeling from bank failures and a monumental property crash, unveiled an austerity budget in April, it socked individuals with higher taxes. But it left its corporate-tax rate&#8212;the lowest among OECD countries&#8212;unchanged at 12.5%. Last year Germany cut its corporate-tax rate from 39% to 30%. Canada is pressing ahead with plans to lower its combined federal-provincial rate to 25%. Russia has also reduced its corporate taxes, and Singapore intends to do so. According to the International Bureau of Fiscal Documentation (IBFD), an Amsterdam-based group that follows international tax developments, no country plans to raise its main corporate levy.Despite spiralling budget deficits and the widespread belief that corporate greed precipitated the credit crunch, governments do not seem inclined to call on businesses to fill their empty coffers. Last August Japan, which has the OECD&#8217;s highest corporate-tax rate, proposed exempting dividends paid to Japanese multinationals by foreign subsidiaries from tax, even as it planned, in effect, to raise more from individuals by increasing value-added tax. The dividend exemption came into force in April. In the same month Britain unveiled a budget that, like Ireland&#8217;s, promised to clobber wealthy individuals but, like Japan&#8217;s, exempted dividends paid by foreign subsidiaries from tax. ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13961637&#x26;fsrc=rss">
<title>Airlines in the recession: Running on empty</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13961637&#x26;fsrc=rss</link>
<description><![CDATA[Lufthansa&#8217;s unenthusiastic embrace of BMI is a sign of the timesON JULY 1st Lufthansa finally took control of BMI, the second-biggest carrier at Heathrow airport. But the only person celebrating was Sir Michael Bishop. A fortnight earlier the 67-year-old entrepreneur had forced the German airline to honour a decade-old put option to add his 50% stake to the 30% it already held, albeit at a lower price: GBP223m ($368m) rather than GBP292m.That the deal had to be imposed on Lufthansa, almost literally on the steps of the High Court in London, was a sign of the times. Until quite recently, the chance to acquire BMI&#8217;s 11% share of take-off and landing slots at Heathrow would have been enviable. In 2007 American airlines, eager to take advantage of new &#8220;open skies&#8221; rules, were paying up to GBP25m for each pairing of slots. But these days, faced with one of the most savage downturns in the history of a notoriously cyclical industry, Lufthansa is desperately trying to conserve cash and cut capacity to match plunging demand.  ...]]></description>
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<item rdf:about="http://www.economist.com/people/displaystory.cfm?story_id=13941982&#x26;fsrc=rss">
<title>Face value: The alternative choice</title>
<link>http://www.economist.com/people/displaystory.cfm?story_id=13941982&#x26;fsrc=rss</link>
<description><![CDATA[Steven Chu wants to save the world by transforming its largest industry: energyWHETHER Steven Chu, America&#8217;s energy secretary, would be flattered or horrified by the comparison is unclear, but he and Margaret Thatcher have something important in common. They are both scientists who have risen to political power. That Mr Chu has a Nobel prize for physics, whereas Lady Thatcher swiftly abandoned chemistry for the more lucrative pastures of the law, does not make the comparison unfair. What matters is that both of them understand something that some politicians from softer intellectual backgrounds often seem to forget: you cannot negotiate with nature. Nor can you ignore it, for it will not go away.Lady Thatcher showed her mettle in this regard in 1989, when she became the first politician of stature to raise the alarm about global warming. When her adviser Crispin Tickell pointed out to her that the level of carbon dioxide in the atmosphere was rising and that carbon dioxide was a greenhouse gas, she got the point instantly and alerted the world in a speech to the United Nations. Mr Chu&#8217;s job is harder: he is charged with spotting, nurturing and promoting promising energy technologies, thereby helping America to create the tools that the world needs to wean itself off fossil fuels. ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13917519&#x26;fsrc=rss">
<title>Formula One&#x27;s civil war: Mosley submits</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13917519&#x26;fsrc=rss</link>
<description><![CDATA[The car firms behind the big teams have taken the wheel at the racing seriesIT WAS 11am in Paris, but high noon for Formula One racing. On June 24th at the grand headquarters of the Federation Internationale de l&#8217;Automobile in the Place de La Concorde in Paris, its aristocratic president, Max Mosley, squared off against the small-framed, big-haired Luca di Montezemolo of Ferrari. Mr Montezemolo was threatening to take the big teams out of Formula One (F1), the world&#8217;s leading motor-racing championship, and set up a rival series unless Mr Mosley accepted his demands.Within two hours Mr Montezemolo had prevailed. Mr Mosley agreed to step down more or less immediately, his decision to impose a GBP40m ($66m) spending cap on teams participating in the championship was scrapped and the teams won a formal role in the governance of the sport. After several weeks&#8217; talk of the teams driving off, of lawsuits galore and, finally, of compromise, the clash ended in a rout. ...]]></description>
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<item rdf:about="http://www.economist.com/people/displaystory.cfm?story_id=13899728&#x26;fsrc=rss">
<title>Face value: Mr Clean</title>
<link>http://www.economist.com/people/displaystory.cfm?story_id=13899728&#x26;fsrc=rss</link>
<description><![CDATA[Ian King wants to transform the way the world&#8217;s third-biggest defence company does businessON JUNE 27th last year, just six weeks after Mike Turner, the chief executive of BAE Systems, had been detained on arrival in America in connection with corruption allegations, Ian King was announced as his successor. Mr Turner and another of the firm&#8217;s directors were not held for long, and many felt that the Department of Justice, which seized their laptops and BlackBerrys, had acted heavy-handedly. But the incident, which stemmed from a long-running investigation into claims that BAE had lubricated the GBP43 billion ($70 billion) &#8220;al-Yamamah&#8221; arms deal with Saudi Arabia with bribes to government officials and members of the royal family, was yet another embarrassment for the world&#8217;s third-biggest defence company.In some ways Mr King&#8217;s appointment was a surprise. Dick Olver, BAE&#8217;s chairman since 2004, has been on a mission to restore the reputation of a firm that has all too often found itself at the centre of corruption allegations. In 2007 he took the extraordinary step of asking a former Lord Chief Justice, Lord Woolf, to lead an independent inquiry into BAE&#8217;s ethical standards. After he pushed Mr Turner into early retirement, it was assumed that Mr Olver would make a clean break with the past by choosing an outsider to carry forward his crusade. Indeed, several Americans were considered for the job (America is the British firm&#8217;s biggest market). So when Mr King, the only internal candidate, got the nod, some suspected that the British government had used its &#8220;golden share&#8221; to veto the appointment of a foreigner.  ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13900176&#x26;fsrc=rss">
<title>GE and industrial loan companies: Parting company</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13900176&#x26;fsrc=rss</link>
<description><![CDATA[Will the Obama administration&#8217;s reforms of the financial system hurt retailers and manufacturers with lending arms?THE talk had become so fevered that on June 22nd Jeffrey Immelt, General Electric&#8217;s embattled boss, sent out a memo to all staff to quash it. &#8220;GE is and will remain committed to GE Capital,&#8221; he insisted. These words of reassurance were prompted by the financial-reform plan the Obama administration had unveiled earlier in the month, which many saw as heralding the dismemberment of America&#8217;s biggest conglomerate, with interests from nuclear power to financial services. GE is not the only company in the line of fire. An array of retailers and manufacturers that provide customers with loans for purchases, from Target to Harley-Davidson, also face threats to their business if the proposed legislation makes it through Congress. That, as Mr Immelt pointed out in his memo, is a big if: &#8220;it is very early in the process, and Congress will now spend months reviewing and drafting legislation&#8221;. During that period, GE will doubtless deploy its huge lobbying clout to argue that it should be left alone. ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13915798&#x26;fsrc=rss">
<title>Software that spots hidden networks: Electronic ties that bind</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13915798&#x26;fsrc=rss</link>
<description><![CDATA[Technology can help uncover dangerous cliques in companiesIT IS one of the more unusual cases that Elizabeth Charnock has worked on. Several years ago, Ms Charnock&#8217;s software company, Cataphora, based in California, analysed the contents of e-mails sent by employees at a firm that had been sued by America&#8217;s government for supposedly inflating charges on federal contracts. Cataphora&#8217;s analysis helped to prove that the allegation was groundless. But it also revealed that some executives at the company shared an interest in bondage, lacing their e-mails to one another with references to their proclivity but making no mention of it in correspondence with other staff.  In this instance, the result was simply deep embarrassment. But other companies have ended up in serious trouble because of hidden networks. &#8220;In internal corporate investigations you often find informal cliques that communicate in ways designed to execute a fraud or to cover it up,&#8221; says Robert Sherry, a partner at K&amp;L Gates, a law firm. The recession increases the risk that such groups of rogue employees will be tempted to engage in wrongdoing to protect their jobs or bolster their finances. ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13917503&#x26;fsrc=rss">
<title>Anglo American spurns Xstrata: Anglophilia, Xstrataphobia</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13917503&#x26;fsrc=rss</link>
<description><![CDATA[The latest proposal for a big mining merger runs into oppositionIN MINING, it seems, opposites do not attract. On Monday June 22nd Anglo American, a mining firm listed in London and Johannesburg, sent Xstrata packing, after the Swiss firm proposed a GBP40 billion ($65 billion) merger. Unlike its rivals, Anglo American has never gone through a transformative merger in its 90-year history. Xstrata, which was created in 2002 and has since gone through a series of medium-sized mergers, looks unlikely to change that. Its proposal, though billed as a merger of equals, looks like a takeover, with no premium for the sellers.The two firms do have some things in common: both were of similar value before the approach became public, with comparable debts. The combination would be the world&#8217;s biggest producer of diamonds, platinum, chrome and zinc, and the second-largest supplier of coal for steelmakers and copper. Xstrata puts potential annual savings from the merger at over $1 billion within three years. But Anglo dismissed the idea as &#8220;totally unacceptable&#8221; on the grounds that Xstrata&#8217;s mines are not in the same league as its own low-cost, long-life assets. Xstrata disputes this. ...]]></description>
</item>

<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13917511&#x26;fsrc=rss">
<title>Sinopec buys Addax: Bottom of the barrel</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13917511&#x26;fsrc=rss</link>
<description><![CDATA[A Chinese oil firm buys an exploration outfit willing to drill almost anywhereMOST firms making an acquisition want, at the very least, to buy assets protected by strong legal systems in stable countries. But when it comes to buying natural resources, China&#8217;s large state-controlled enterprises have found themselves blocked in whole or part from countries offering precisely those virtues because of concerns about their own operating practices. As a result, China&#8217;s desperate hunt for energy to feed its vast industrial economy is focusing on trickier locations. On June 24th a subsidiary of the China Petroleum &amp; Chemical Corporation (Sinopec) announced plans to buy Addax Petroleum, a Swiss company which has listings in Toronto and London and drilling rights in Iraq, Gabon and Nigeria.The deal is worth $9 billion including the assumption of debt. If it succeeds (it has already been accepted by Addax&#8217;s management), it will be the biggest takeover of a foreign firm by a Chinese one. Sinopec calls it &#8220;transformational&#8221;, but in reality it is merely the latest and largest of many similar deals. In December, for example, another Sinopec subsidiary spent $2 billion to acquire Tanganyika Oil, which, like Addax, trades on the Toronto Exchange. Tanganyika produces 23,000 barrels a day, one-sixth of Addax&#8217;s current production.  ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13915806&#x26;fsrc=rss">
<title>The recession hits Fininvest: Relegated</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13915806&#x26;fsrc=rss</link>
<description><![CDATA[Silvio Berlusconi&#8217;s business empire faces leaner timesWHEN Silvio Berlusconi, Italy&#8217;s prime minister, bought AC Milan, the football team he had supported as a boy, in 1986, it seemed a dream come true. But the team, for many years a force in European football, has had a disappointing run of late, failing to qualify for the 2008-09 Champions League of Europe&#8217;s leading clubs and finishing the season far behind the winner of Italy&#8217;s Serie A league. Expensive but successful football clubs are one matter; costly also-rans, another. Last year AC Milan&#8217;s losses shot to &#8364;68m ($100m) from &#8364;32m in 2007, and Fininvest, the Berlusconi family&#8217;s holding company, which owns the club, has had to deny reports that it is selling its stake.  ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13914661&#x26;fsrc=rss">
<title>LinkedIn v freemasons: Joining the club</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13914661&#x26;fsrc=rss</link>
<description><![CDATA[Networking websites are booming, but they have not supplanted more traditional business networksFRANCOIS PEROL, the adviser whom Nicolas Sarkozy, France&#8217;s president, controversially appointed in February to head two merging mutual banks, is not known as a champion of transparency. But Mr Perol has let it be known that he intends to reduce the influence of freemasons at Caisse d&#8217;Epargne and Banque Populaire. He has refused an invitation to a tenue blanche ouverte, a masonic meeting that non-freemasons may attend. And he does not want senior posts shared among the banks&#8217; various rival lodges.French business may be particularly full of networks, but every country has its cliques, whether based on education, social background or spiritual beliefs. In Spain, Italy and Latin America as well as France, businesspeople speak of the influence of Opus Dei, a conservative Catholic lay order which supports a number of business schools. America has its Ivy League alumni groups and Rotary clubs. Chinese businesspeople often rely on guanxi, or personal connections.  ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13876732&#x26;fsrc=rss">
<title>General Motors sells Saab: Unstable atom</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13876732&#x26;fsrc=rss</link>
<description><![CDATA[Does the troubled Swedish firm have a future?THE fact that bankrupt General Motors appears to have flogged three of its unwanted brands&#8212;Saturn to a car dealer, Hummer to a Chinese maker of heavy-duty trucks and now Saab to a tiny sports car company&#8212;lends substance to the idea that there&#8217;s one born every minute. The buyers may not be paying much, but at a time when the car industry should be consolidating rather than atomising, they are taking on an awful lot of risk.Of the three, only the fate of Saab will be of any concern to car lovers: Saturns were sold to people who were looking for smiley-faced service rather than a good drive; Hummers were bought by men who were insecure about their masculinity and by Arnold Schwarzenegger. But Saabs, with their rally-winning heritage and powerful turbo-charged engines, appealed to discerning buyers who valued understated Swedish design and innovative technology.  ...]]></description>
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<item rdf:about="http://www.economist.com/businessfinance/displaystory.cfm?story_id=13876724&#x26;fsrc=rss">
<title>The Saad and Algosaibi groups: Family fortunes</title>
<link>http://www.economist.com/businessfinance/displaystory.cfm?story_id=13876724&#x26;fsrc=rss</link>
<description><![CDATA[The obscure origins of a crisis at a Saudi conglomerateIN DECEMBER Arabian Business magazine published its annual ranking of the richest Arab businessmen. Third on the list was Maan al-Sanea, with a fortune of $9.3 billion. Born in Kuwait, where he trained as an air-force pilot, Mr Sanea now heads the Saad group, an investment company based in Saudi Arabia. By the end of last year the group&#8217;s assets exceeded $30 billion, including $7.1 billion in cash and $10 billion in liquid securities. Its credit rating was investment grade. Mr Sanea is not, then, a man who should have trouble getting money out of the bank.But on May 28th the Saudi Arabian Monetary Agency (SAMA), the country&#8217;s central bank, froze his bank accounts. It gave no reason for its action. In a country that prizes reputation and discretion above all, things like that do not normally happen to people like him. ...]]></description>
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<item rdf:about="http://www.economist.com/people/displaystory.cfm?story_id=13856281&#x26;fsrc=rss">
<title>Face value: Godly but ambitious</title>
<link>http://www.economist.com/people/displaystory.cfm?story_id=13856281&#x26;fsrc=rss</link>
<description><![CDATA[Adnan Yousif wants to build the first truly global Islamic bankMOST practitioners of Islamic finance pride themselves on their modesty. But not Adnan Yousif, the chairman of the Union of Arab Banks, a regional club for financial firms. He has recently struck a tone more reminiscent of greed-is-good Wall Street, with a grand plan to build the biggest Islamic bank yet seen, spanning the world and providing Muslim countries with new financial services their people have barely heard of. &#8220;People never thought big here, never thought globally,&#8221; he says.Mr Yousif&#8217;s ambitions date to the founding of modern Islamic finance. During the 1970s oil boom the Gulf&#8217;s Muslim elite needed to put their new-found wealth somewhere, and American government bonds seemed the safest option. Yet Islam prohibits the charging of interest. So some sheikhs bought bonds but let their Western banks keep the interest, in the casual manner of a customer leaving change on a restaurant table. To Mr Yousif, then a young banker at American Express in his native Bahrain, this made no sense. At a time when Muslim countries had imposed an oil embargo over America&#8217;s support for Israel why, he wondered, refuse the Americans oil but give them billions of dollars? ...]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/04/British-Airways-to-slash-3700-more-jobs/UPI-20511246708981/">
<title>British Airways to slash 3,700 more jobs</title>
<link>http://www.upi.com/Business_News/2009/07/04/British-Airways-to-slash-3700-more-jobs/UPI-20511246708981/</link>
<description><![CDATA[LONDON,  July 4 (UPI) --  British Airways says it is looking to cut 3,700 jobs in addition to 2,500 positions already trimmed and will reduce capital spending.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/03/Real-estate-goes-through-roof-in-China/UPI-35611246641397/">
<title>Real estate goes through roof in China</title>
<link>http://www.upi.com/Business_News/2009/07/03/Real-estate-goes-through-roof-in-China/UPI-35611246641397/</link>
<description><![CDATA[BEIJING,  July 3 (UPI) --  Real estate prices in major cities in China have suddenly gone from bust to boom, a leading real estate expert said.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/03/Back-to-school-budgets-A-teaching-moment/UPI-53011246639768/">
<title>Back to school budgets: A teaching moment</title>
<link>http://www.upi.com/Business_News/2009/07/03/Back-to-school-budgets-A-teaching-moment/UPI-53011246639768/</link>
<description><![CDATA[COLLEGE STATION, Texas,  July 3 (UPI) --  Back to school shoppers are apt to be more discerning this year, as they stretch their dollars in the midst of a recession, a retail expert in Texas said.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/03/Darling-asks-bankers-to-return-to-earth/UPI-67481246638261/">
<title>Darling asks bankers to return to earth</title>
<link>http://www.upi.com/Business_News/2009/07/03/Darling-asks-bankers-to-return-to-earth/UPI-67481246638261/</link>
<description><![CDATA[LONDON,  July 3 (UPI) --  Britain's Chancellor of the Exchequer Alistair Darling said some bankers have been "too complacent" about changing pay structures that encourage risk.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/03/UPI-NewsTrack-Business/UPI-98341246637211/">
<title>UPI NewsTrack Business</title>
<link>http://www.upi.com/Business_News/2009/07/03/UPI-NewsTrack-Business/UPI-98341246637211/</link>
<description><![CDATA[ Asian markets mostly lower Friday ... Bank fees rise, bailout notwithstanding ... Government bluffing, bondholders say ... Michigan on path to lose 310,700 jobs ... News from United Press International.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/03/Bank-fees-rise-bailout-notwithstanding/UPI-27931246633053/">
<title>Bank fees rise, bailout notwithstanding</title>
<link>http://www.upi.com/Business_News/2009/07/03/Bank-fees-rise-bailout-notwithstanding/UPI-27931246633053/</link>
<description><![CDATA[NEW YORK,  July 3 (UPI) --  U.S. banks are increasing fees for a variety of transactions in spite of massive taxpayer bailouts, industry research groups said.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/03/Michigan-on-path-to-lose-310700-jobs/UPI-85761246631038/">
<title>Michigan on path to lose 310,700 jobs</title>
<link>http://www.upi.com/Business_News/2009/07/03/Michigan-on-path-to-lose-310700-jobs/UPI-85761246631038/</link>
<description><![CDATA[ANN ARBOR, Mich.,  July 3 (UPI) --  University of Michigan economists predict the state's labor market will lose 310,700 jobs in 2009, a sharp increase over a previous prediction.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/03/Report-Canadians-debt-load-mounting/UPI-28461246630605/">
<title>Report: Canadians&#x27; debt load mounting</title>
<link>http://www.upi.com/Business_News/2009/07/03/Report-Canadians-debt-load-mounting/UPI-28461246630605/</link>
<description><![CDATA[TORONTO,  July 3 (UPI) --  Canada's consumer credit delinquency rate soared 19 percent in the year ending May 31, a report from the Equifax Canada credit bureau said.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/03/Asian-markets-mostly-lower-Friday/UPI-46591246630346/">
<title>Asian markets mostly lower Friday</title>
<link>http://www.upi.com/Business_News/2009/07/03/Asian-markets-mostly-lower-Friday/UPI-46591246630346/</link>
<description><![CDATA[TOKYO,  July 3 (UPI) --  Asian markets followed U.S. stock indexes lower Friday, although declines were softer than Thursday's pre-holiday losses on Wall Street.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/03/Government-bluffing-bondholders-say/UPI-34161246629246/">
<title>Government bluffing, bondholders say</title>
<link>http://www.upi.com/Business_News/2009/07/03/Government-bluffing-bondholders-say/UPI-34161246629246/</link>
<description><![CDATA[NEW YORK,  July 3 (UPI) --  An attorney representing General Motors Corp. bondholders told U.S. Bankruptcy Court Judge Robert Gerber the government was bluffing with a July 10 deadline.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/03/Economic-Outlook-Chinas-new-green/UPI-67701246626900/">
<title>Economic Outlook: China&#x27;s new green</title>
<link>http://www.upi.com/Business_News/2009/07/03/Economic-Outlook-Chinas-new-green/UPI-67701246626900/</link>
<description><![CDATA[By ANTHONY HALLUnited Press International Markets in Europe and Asia tipped lower Friday following Thursday's tumble in the United States prior to the Independence Day break.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/03/Buffett-gives-away-151-billion/UPI-33261246626302/">
<title>Buffett gives away $1.51 billion</title>
<link>http://www.upi.com/Business_News/2009/07/03/Buffett-gives-away-151-billion/UPI-33261246626302/</link>
<description><![CDATA[NEW YORK,  July 3 (UPI) --  Billionaire investor Warren Buffett gave $1.51 billion to four charities this week, a filing at the U.S. Securities and Exchange Commission shows.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/03/Israel-to-become-member-of-OECD/UPI-68031246623914/">
<title>Israel to become member of OECD</title>
<link>http://www.upi.com/Business_News/2009/07/03/Israel-to-become-member-of-OECD/UPI-68031246623914/</link>
<description><![CDATA[JERUSALEM,  July 3 (UPI) --  The Organization for Economic Cooperation and Development has agreed to allow Israel to become a member by 2010, a local media report said.]]></description>
</item>

<item rdf:about="http://www.upi.com/Business_News/2009/07/03/Report-says-7-percent-growth-possible/UPI-52731246608187/">
<title>Report says 7 percent growth possible</title>
<link>http://www.upi.com/Business_News/2009/07/03/Report-says-7-percent-growth-possible/UPI-52731246608187/</link>
<description><![CDATA[NEW DELHI,  July 3 (UPI) --  An Indian finance ministry economic report says the economy can achieve a 7 percent or more growth rate this fiscal year with proper reforms.]]></description>
</item>

<item rdf:about="http://www.upi.com/Business_News/2009/07/03/China-real-estate-prices-soar-again/UPI-10881246595890/">
<title>China real estate prices soar again</title>
<link>http://www.upi.com/Business_News/2009/07/03/China-real-estate-prices-soar-again/UPI-10881246595890/</link>
<description><![CDATA[BEIJING,  July 3 (UPI) --  An indication Chinese real estate prices have resumed their stratospheric trend came this week when a piece of land in Beijing went for a record $585 million.]]></description>
</item>

<item rdf:about="http://www.upi.com/Business_News/2009/07/02/Crude-oil-prices-fall-Thursday/UPI-14281246545931/">
<title>Crude oil prices fall Thursday</title>
<link>http://www.upi.com/Business_News/2009/07/02/Crude-oil-prices-fall-Thursday/UPI-14281246545931/</link>
<description><![CDATA[NEW YORK,  July 2 (UPI) --  Crude oil prices fell sharply to under $67 per barrel on the New York Mercantile Exchange Thursday as increased unemployment rattled hope for a quick recovery.]]></description>
</item>

<item rdf:about="http://www.upi.com/Business_News/2009/07/02/UPI-NewsTrack-Business/UPI-47221246569800/">
<title>UPI NewsTrack Business</title>
<link>http://www.upi.com/Business_News/2009/07/02/UPI-NewsTrack-Business/UPI-47221246569800/</link>
<description><![CDATA[  U.S. markets plunge Thursday ... Merrill Lynch senses an upturn ... Tribune and Morning News reach ad deal ... Beazer to pay $50M for mortgage fraud ... News from United Press International.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/02/Grain-futures-close-lower-Thursday/UPI-64031246569425/">
<title>Grain futures close lower Thursday</title>
<link>http://www.upi.com/Business_News/2009/07/02/Grain-futures-close-lower-Thursday/UPI-64031246569425/</link>
<description><![CDATA[CHICAGO,  July 2 (UPI) --  Grain futures closed lower Thursday on the Chicago Board of Trade as stocks plunged in New York in advance of the Independence Day break.]]></description>
</item>

<item rdf:about="http://www.upi.com/Business_News/2009/07/02/US-markets-plunge-Thursday/UPI-29001246543793/">
<title>U.S. markets plunge Thursday</title>
<link>http://www.upi.com/Business_News/2009/07/02/US-markets-plunge-Thursday/UPI-29001246543793/</link>
<description><![CDATA[NEW YORK,  July 2 (UPI) --  U.S. markets plunged Thursday after the Department of Labor said the unemployment rate rose from 9.4 percent to 9.5 percent in June.]]></description>
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<item rdf:about="http://www.upi.com/Business_News/2009/07/02/Merrill-Lynch-senses-an-upturn/UPI-95841246568520/">
<title>Merrill Lynch senses an upturn</title>
<link>http://www.upi.com/Business_News/2009/07/02/Merrill-Lynch-senses-an-upturn/UPI-95841246568520/</link>
<description><![CDATA[NEW YORK,  July 2 (UPI) --  The head of New York investment firm Merrill Lynch's global wealth management said the company is ready to break out of the doldrums.]]></description>
</item>

<item rdf:about="http://www.upi.com/Business_News/2009/07/02/Tribune-and-Morning-News-reach-ad-deal/UPI-96751246568407/">
<title>Tribune and Morning News reach ad deal</title>
<link>http://www.upi.com/Business_News/2009/07/02/Tribune-and-Morning-News-reach-ad-deal/UPI-96751246568407/</link>
<description><![CDATA[DALLAS,  July 2 (UPI) --  The Dallas Morning News said it had reached a deal for Tribune Co. of Chicago to handle its national news ad sales.]]></description>
</item>

<item rdf:about="http://www.upi.com/Business_News/2009/07/02/DOE-to-provide-59M-in-loan-guarantees/UPI-79621246567612/">
<title>DOE to provide $59M in loan guarantees</title>
<link>http://www.upi.com/Business_News/2009/07/02/DOE-to-provide-59M-in-loan-guarantees/UPI-79621246567612/</link>
<description><![CDATA[WASHINGTON,  July 2 (UPI) --  The U.S. Department of Energy said Thursday it would provide loan guarantees to Nordic Windpower USA and Beacon Power worth $59 million.]]></description>
</item>

<item rdf:about="http://www.upi.com/Business_News/2009/07/02/Beazer-to-pay-50M-for-mortgage-fraud/UPI-10691246563341/">
<title>Beazer to pay $50M for mortgage fraud</title>
<link>http://www.upi.com/Business_News/2009/07/02/Beazer-to-pay-50M-for-mortgage-fraud/UPI-10691246563341/</link>
<description><![CDATA[CHARLOTTE, N.C.,  July 2 (UPI) --  U.S. home builder Beazer Homes USA agreed to pay $50 million to settle various mortgage fraud abuse charges, court records show.]]></description>
</item>

<item rdf:about="http://www.upi.com/Business_News/2009/07/02/A-digital-age-victim-The-phone-directory/UPI-64271246562930/">
<title>A digital age victim: The phone directory</title>
<link>http://www.upi.com/Business_News/2009/07/02/A-digital-age-victim-The-phone-directory/UPI-64271246562930/</link>
<description><![CDATA[KANSAS CITY, Kan.,  July 2 (UPI) --  The digital age may soon lay waste to another victim of modernization: The telephone directory, which is no longer in demand in many U.S. homes.]]></description>
</item>

<item rdf:about="http://www.upi.com/Business_News/2009/07/02/Many-say-US-economy-still-in-trouble/UPI-44611246559722/">
<title>Many say U.S. economy still in trouble</title>
<link>http://www.upi.com/Business_News/2009/07/02/Many-say-US-economy-still-in-trouble/UPI-44611246559722/</link>
<description><![CDATA[ATLANTA,  July 2 (UPI) --  Forty percent of respondents to a recent survey indicated the U.S. economy is still headed in the wrong direction, a CNN/Opinion Research Corp. poll said.]]></description>
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