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  <title><![CDATA[NewsObserver.com - Business]]></title>
  <link><![CDATA[http://www.newsobserver.com/business/index.html]]></link>
  <description><![CDATA[Business]]></description>
  <language><![CDATA[en-us]]></language>
  <copyright><![CDATA[Copyright 2008 newsobserver.com]]></copyright>
  <category domain="Yahoo"><![CDATA[Business]]></category>
  <category domain="http://www.newsobserver.com/business/index.html"></category>
  <ttl>60</ttl>


        
        
        
                      <item>
    <title>Bush: US will work with partners on credit crisis</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1251252.html]]></link>
    <description>President Bush met with foreign financial officials Saturday and pledged a global response to the credit crisis that will lead toward a &quot;path of stability and long-term growth.&quot;</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 11:13:16 EST]]></pubDate>
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                   <item>
    <title>Source: Chrysler, GM discuss merger, acquisition</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250842.html]]></link>
    <description>General Motors Corp., Chrysler LLC and Cerberus Capital Management LP have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to a person familiar with the talks.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 11:13:14 EST]]></pubDate>
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                   <item>
    <title>U.S. will take stake in banks</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1251108.html]]></link>
    <description>The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>
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                   <item>
    <title>Meltdown worry seeps on Main Street</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1251102.html]]></link>
    <description>With consumer costs rising and home prices leveling in the Triangle, everyday people have felt the pressure of a slowing economy for months.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1251102</guid>
</item>
                   <item>
    <title>Wachovia deal faces lawsuit, uncertainty</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250986.html]]></link>
    <description>Analysts cautioned Friday that Wells Fargo &amp; Co. faces challenges as it proceeds with its purchase of the Charlotte bank, including an uncertain market and losses in Wachovia&#39;s portfolio.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>
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                      <item>
    <title>Do-it-yourself suppliers find opportunities</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1251095.html]]></link>
    <description>While most retailers are seeing sales steadily decline, craft stores hope to remain among the bright spots.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 04:16:11 EST]]></pubDate>
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                   <item>
    <title>Banner year for sukkah kits</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250991.html]]></link>
    <description>A family business in Hillsborough sees a rise in sales of its kits to build Sukkot shelters.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>
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                   <item>
    <title>GE earnings meager, but that was expected</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250963.html]]></link>
    <description> General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings Friday.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250963</guid>
</item>
                   <item>
    <title>Pundits pick their words carefully</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250982.html]]></link>
    <description>As stocks, uh, slide, media hesitate to call it a &#39;crash&#39;.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>
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                   <item>
    <title>&#39;Vulture&#39; investors circle the market, ready to swoop in</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250980.html]]></link>
    <description>Some investors have raised tens of billions of dollars over the past year in anticipation of opportunities to scavenge distressed assets and debt at discounted prices.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250980</guid>
</item>
                   <item>
    <title>Stocks end worst week ever</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250972.html]]></link>
    <description>The good news? Bargain shoppers start pushing up prices of small-cap stocks.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250972</guid>
</item>
                   <item>
    <title>U.S. trade deficit declines in August</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250962.html]]></link>
    <description> The U.S. trade deficit edged down slightly in August, reflecting a drop in foreign oil from record levels.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250962</guid>
</item>
                   <item>
    <title>USA Today raising single-copy price to $1</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250961.html]]></link>
    <description> USA Today said Friday it will raise its newsstand price by 25 cents to $1 to offset rising newsprint costs.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250961</guid>
</item>
                   <item>
    <title>Morgan Stanley investors nervous</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250960.html]]></link>
    <description> Morgan Stanley shares plunged more than 22 percent Friday as investors questioned the investment bank&#39;s future even with an investment from Japan&#39;s Mitsubishi UFJ Financial Group.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250960</guid>
</item>
                   <item>
    <title>Cheaper oil: Good news from bad news?</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250959.html]]></link>
    <description> The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving a mushrooming global economic crisis.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250959</guid>
</item>
                   <item>
    <title>Kudos</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250956.html]]></link>
    <description>Paul K. Sun Jr., a lawyer at Ellis &amp; Winters in Raleigh, has become a fellow of the American College of Trial Lawyers.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250956</guid>
</item>
                   <item>
    <title>Better than a mattress: Sales of safes increase</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250955.html]]></link>
    <description>Afraid cash isn&#39;t secure even behind the thick walls of banks, more people are turning to something that has protected money since the days of Jesse James and Bonnie and Clyde: safes.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250955</guid>
</item>
                   <item>
    <title>Fire risk closes Velvet Cloak</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1249577.html]]></link>
    <description>Fire inspectors have closed the Velvet Cloak Inn on Hillsborough Street after determining that the aging landmark is an imminent fire hazard.</description>
    <pubDate><![CDATA[Fri, 10 Oct 2008 00:30:00 EST]]></pubDate>
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                   <item>
    <title>Wells Fargo wins Wachovia</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1249835.html]]></link>
    <description>In a dramatic showdown over the future of Wachovia, Wells Fargo prevailed Thursday evening, saying it will move forward with its purchase of the Charlotte bank after Citigroup stepped aside.</description>
    <pubDate><![CDATA[Fri, 10 Oct 2008 08:19:29 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1249835</guid>
</item>
                   <item>
    <title>World leaders seek a global solution</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1249668.html]]></link>
    <description>The United States and Britain appear to be converging on a common solution for the financial chaos sweeping the world.</description>
    <pubDate><![CDATA[Fri, 10 Oct 2008 00:30:00 EST]]></pubDate>
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<item>
    <title>Bush: US will work with partners on credit crisis</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1251252.html]]></link>
    <description>President Bush met with foreign financial officials Saturday and pledged a global response to the credit crisis that will lead toward a &quot;path of stability and long-term growth.&quot;</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 11:13:16 EST]]></pubDate>
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<item>
    <title>Source: Chrysler, GM discuss merger, acquisition</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250842.html]]></link>
    <description>General Motors Corp., Chrysler LLC and Cerberus Capital Management LP have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to a person familiar with the talks.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 11:13:14 EST]]></pubDate>
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<item>
    <title>U.S. will take stake in banks</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1251108.html]]></link>
    <description>The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>
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<item>
    <title>Meltdown worry seeps on Main Street</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1251102.html]]></link>
    <description>With consumer costs rising and home prices leveling in the Triangle, everyday people have felt the pressure of a slowing economy for months.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1251102</guid>
</item>
                   
<item>
    <title>Wachovia deal faces lawsuit, uncertainty</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250986.html]]></link>
    <description>Analysts cautioned Friday that Wells Fargo &amp; Co. faces challenges as it proceeds with its purchase of the Charlotte bank, including an uncertain market and losses in Wachovia&#39;s portfolio.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>
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<item>
    <title>Do-it-yourself suppliers find opportunities</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1251095.html]]></link>
    <description>While most retailers are seeing sales steadily decline, craft stores hope to remain among the bright spots.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 04:16:11 EST]]></pubDate>
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<item>
    <title>Banner year for sukkah kits</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250991.html]]></link>
    <description>A family business in Hillsborough sees a rise in sales of its kits to build Sukkot shelters.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>
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<item>
    <title>GE earnings meager, but that was expected</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250963.html]]></link>
    <description> General Electric Co. spared investors any nasty surprises as it reported a 22 percent drop in third-quarter earnings Friday.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250963</guid>
</item>
                   
<item>
    <title>Pundits pick their words carefully</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250982.html]]></link>
    <description>As stocks, uh, slide, media hesitate to call it a &#39;crash&#39;.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>
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<item>
    <title>&#39;Vulture&#39; investors circle the market, ready to swoop in</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250980.html]]></link>
    <description>Some investors have raised tens of billions of dollars over the past year in anticipation of opportunities to scavenge distressed assets and debt at discounted prices.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250980</guid>
</item>
                   
<item>
    <title>Stocks end worst week ever</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250972.html]]></link>
    <description>The good news? Bargain shoppers start pushing up prices of small-cap stocks.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250972</guid>
</item>
                   
<item>
    <title>U.S. trade deficit declines in August</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250962.html]]></link>
    <description> The U.S. trade deficit edged down slightly in August, reflecting a drop in foreign oil from record levels.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250962</guid>
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<item>
    <title>USA Today raising single-copy price to $1</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250961.html]]></link>
    <description> USA Today said Friday it will raise its newsstand price by 25 cents to $1 to offset rising newsprint costs.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250961</guid>
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<item>
    <title>Morgan Stanley investors nervous</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250960.html]]></link>
    <description> Morgan Stanley shares plunged more than 22 percent Friday as investors questioned the investment bank&#39;s future even with an investment from Japan&#39;s Mitsubishi UFJ Financial Group.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250960</guid>
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<item>
    <title>Cheaper oil: Good news from bad news?</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250959.html]]></link>
    <description> The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving a mushrooming global economic crisis.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250959</guid>
</item>
                   
<item>
    <title>Kudos</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250956.html]]></link>
    <description>Paul K. Sun Jr., a lawyer at Ellis &amp; Winters in Raleigh, has become a fellow of the American College of Trial Lawyers.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250956</guid>
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<item>
    <title>Better than a mattress: Sales of safes increase</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1250955.html]]></link>
    <description>Afraid cash isn&#39;t secure even behind the thick walls of banks, more people are turning to something that has protected money since the days of Jesse James and Bonnie and Clyde: safes.</description>
    <pubDate><![CDATA[Sat, 11 Oct 2008 00:30:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1250955</guid>
</item>
                   
<item>
    <title>Fire risk closes Velvet Cloak</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1249577.html]]></link>
    <description>Fire inspectors have closed the Velvet Cloak Inn on Hillsborough Street after determining that the aging landmark is an imminent fire hazard.</description>
    <pubDate><![CDATA[Fri, 10 Oct 2008 00:30:00 EST]]></pubDate>
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<item>
    <title>Wells Fargo wins Wachovia</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1249835.html]]></link>
    <description>In a dramatic showdown over the future of Wachovia, Wells Fargo prevailed Thursday evening, saying it will move forward with its purchase of the Charlotte bank after Citigroup stepped aside.</description>
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    <title>World leaders seek a global solution</title>
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    <description>The United States and Britain appear to be converging on a common solution for the financial chaos sweeping the world.</description>
    <pubDate><![CDATA[Fri, 10 Oct 2008 00:30:00 EST]]></pubDate>
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