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<title>Finance - RSS Feed</title>
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<description>Finance news - RSS Feed</description>
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<lastBuildDate>Thu, 09 Feb 2012 12:49:32 -0500</lastBuildDate>
<pubDate>Thu, 09 Feb 2012 12:49:32 -0500</pubDate>
<item><title>Survey Results Show Rate Hikes Will Cost Small Businesses $420 million </title>
<pubDate>Fri, 04 Jun 2010 00:00:00 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Survey-Results-Show-Rate-Hikes-Will-Cost-Small-Businesses-420-million-/?kc=rss</link>
<description><![CDATA[BillShrink surveyed more than 300 small businesses, finding many business card issuers have raised rates upward of 15 percent and some cardholders saw rates increase 27 percent in the last three months.   -  BillShrink, a search engine that compares millions of product and service options against consumer needs, released the results of a study showing small business owners could end up paying more than $420 million in incremental finance charges this year because their cards aren't getting the same prot...]]></description>
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</item>
<item><title>Finding a Cure for Forecasting Problems</title>
<pubDate>Fri, 13 Nov 2009 11:46:20 -0500</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Finding-a-Cure-for-Forecasting-Problems-200582/?kc=rss</link>
<description><![CDATA[By integrating its forecasts with its budgeting process, Grandi Salumifici Italiani has been able to produce more accurate, timely sales forecasts.   -  Grandi Salumifici Italiani, a packaged meat business headquartered in Modena, Italy, needed to integrate its forecasts with its budgeting processes. In 2007, the firm created an internal task force that included IT and marketing people to define improvement targets and key performance indicators. Ba...]]></description>
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</item>
<item><title>Citigroup to Slash 50,000 Jobs</title>
<pubDate>Mon, 17 Nov 2008 10:23:02 -0500</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Citigroup-to-Slash-50000-Jobs/?kc=rss</link>
<description><![CDATA[Cuts at Citigroup are expected in the near-term and are on top of the roughly 23,000 jobs eliminated by the second-largest U.S. bank between January and September. This would leave Citigroup with about 300,000 jobs worldwide, down 20 percent from the end of 2007.   -  NEW YORK (Reuters)
- Citigroup Inc said on Monday it plans to cut about 50,000 jobs as
souring economies and global credit conditions cause the U.S. bank with
the farthest reach worldwide to retrench.
The cuts are expected in the near-term and are on top of the roughly
23,000 jobs eliminated by...]]></description>
<guid>http://www.baselinemag.com/c/a/Finance/Citigroup-to-Slash-50000-Jobs/?kc=rss</guid>
</item>
<item><title>Buffett Says He's Buying U.S. Stocks</title>
<pubDate>Fri, 17 Oct 2008 09:12:24 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Buffett-Says-Hes-Buying-US-Stocks/?kc=rss</link>
<description><![CDATA[Billionaire investor Warren Buffett is buying U.S. stocks, he wrote in an opinion column in the New York Times. Buffett acknowledged the economic news was bad, with the financial world in a mess, unemployment rising and business activity faltering.   -  (Reuters) - Billionaire investor Warren Buffett is buying U.S. stocks, he wrote in an opinion column in the New York Times.
 quot;A simple rule dictates my buying: Be fearful when others are
greedy, and be greedy when others are fearful, quot; Buffett wrote in the
paper.
Buffett acknowledged the...]]></description>
<guid>http://www.baselinemag.com/c/a/Finance/Buffett-Says-Hes-Buying-US-Stocks/?kc=rss</guid>
</item>
<item><title>Global Bank Rescue Aims to Halt Crisis Markets Up</title>
<pubDate>Mon, 13 Oct 2008 16:31:59 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Global-Bank-Rescue-Aims-to-Halt-Crisis-Markets-Up/?kc=rss</link>
<description><![CDATA[The U.S. Federal Reserve, the European Central Bank, the Bank of England and the Swiss National Bank said they would lend commercial banks as much U.S. dollar liquidity they needed.   -  NEW YORK (Reuters)
- The world bet solidly on recapitalizing ailing banks as the fastest
way out of the financial crisis, sending stock markets higher after
their worst week in history.
Britain, Germany, France and other European countries announced
multibillion-dollar plans to guarantee banks ...]]></description>
<guid>http://www.baselinemag.com/c/a/Finance/Global-Bank-Rescue-Aims-to-Halt-Crisis-Markets-Up/?kc=rss</guid>
</item>
<item><title>Buffett Overtakes Gates to Top New Forbes List</title>
<pubDate>Fri, 10 Oct 2008 10:57:28 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Buffett-Overtakes-Gates-to-Top-New-Forbes-List/?kc=rss</link>
<description><![CDATA[Warren Buffett is to become the richest American in the Forbes 400 list and overtook Microsoft co-founder, Bill Gates, whose net worth declined $1.5 billion to $55.5 billion during the 33-day period   -  (Reuters) - Warren
Buffett has overtaken Bill Gates to become the richest American in the
Forbes 400 list, Bloomberg said, citing a recalculated list to be
published later this month.
The magazine, in its October 27 issue, recalculates the effect of
September's financial news on the wealthiest ...]]></description>
<guid>http://www.baselinemag.com/c/a/Finance/Buffett-Overtakes-Gates-to-Top-New-Forbes-List/?kc=rss</guid>
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<item><title>GM Shares Drop to 58-Year Low, Global Risks Eyed</title>
<pubDate>Thu, 09 Oct 2008 16:15:54 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/GM-Shares-Drop-to-58Year-Low-Global-Risks-Eyed/?kc=rss</link>
<description><![CDATA[GM's market cap stands at about $3.3 billion, compared with a market cap of about $4 billion in March 1929 before the stock market crash that preceded the Great Depression.   -  DETROIT (Reuters)
- General Motors Corp shares fell to their lowest level since 1950 on
Thursday as concerns mounted that an industry decline that started in
the United States was spreading and a leading forecaster warned global
auto demand could  quot;collapse quot; in 2009.
GM shares fell as ...]]></description>
<guid>http://www.baselinemag.com/c/a/Finance/GM-Shares-Drop-to-58Year-Low-Global-Risks-Eyed/?kc=rss</guid>
</item>
<item><title>Stocks Plummet in Global Market Rout</title>
<pubDate>Mon, 06 Oct 2008 15:54:02 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Stocks-Plummet-in-Global-Market-Rout/?kc=rss</link>
<description><![CDATA[The emergency rescue of two big European banks and a move by several European governments to guarantee bank deposits intensified fears of a potential global recession. The sharp drop came in the first session since the U.S. Congress approved a $700 billion bailout of the financial industry. Financial services stocks led the sell-off, with the S&amp;P's financial sub-index down 8 percent.   -  NEW YORK (Reuters)
- Stocks slid more than 6 percent on Monday, with the Dow diving to its
lowest level in almost five years, on fears the global economy was
hurtling into recession despite government efforts to contain the
fast-spreading financial crisis.
Wall Street's drop was part of a globa...]]></description>
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</item>
<item><title>Hurricanes Send Jobless Claims Highest in 7 Years</title>
<pubDate>Thu, 02 Oct 2008 09:26:17 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Hurricanes-Send-Jobless-Claims-Highest-in-7-Years/?kc=rss</link>
<description><![CDATA[The number of initial jobless claims was 497,000 in the week ended September 27, the highest since 517,000 in the week ended September 29, 2001 and above Wall Street economists' forecasts of 475,000. Economists said the report showed the economy was being rattled by forces other than the hurricanes, adding that the numbers were at high levels even when the impact of the storms was filtered out.   -  WASHINGTON
(Reuters) - The number of U.S. workers filing new claims for jobless
benefits rose to their highest in seven years due to the impact of
hurricanes Ike and Gustav, the government said in a report on Thursday.
The number of initial jobless claims was 497,000 in the week ended
September...]]></description>
<guid>http://www.baselinemag.com/c/a/Finance/Hurricanes-Send-Jobless-Claims-Highest-in-7-Years/?kc=rss</guid>
</item>
<item><title>Buffett Considering Purchase of AIG Assets</title>
<pubDate>Wed, 24 Sep 2008 13:10:44 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Buffett-Considering-Purchase-of-AIG-Assets/?kc=rss</link>
<description><![CDATA[Buffett said he expressed interest in buying parts of the giant insurer AIG when regulators and financial industry executives were holding emergency talks on problems that included the fate of Lehman Brothers. Buffett also said that when the time arises over the next two years to buy some units of AIG, Berkshire Hathaway will be an interested buying party.   -  NEW YORK (Reuters)
- Billionaire investor Warren Buffett said on Wednesday his Berkshire
Hathaway Inc insurance and investment company would consider buying
some units from American International Group Inc (AIG.N: Quote, Profile, Research, Stock Buzz), the insurer bailed out by the U.S. governmen...]]></description>
<guid>http://www.baselinemag.com/c/a/Finance/Buffett-Considering-Purchase-of-AIG-Assets/?kc=rss</guid>
</item>
<item><title>Credit Seen Drying Up for Small Business</title>
<pubDate>Mon, 21 Jul 2008 10:47:18 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Credit-Seen-Drying-Up-for-Small-Business/?kc=rss</link>
<description><![CDATA[Access to credit is very difficult for small business these days.   -  CHICAGO (Reuters)
- As losses mount at American banks and the pain of the credit crisis
spreads from housing and finance to the broader economy, many small
companies complain it is increasingly difficult to obtain loans.
Tighter credit could not only help to push the United States into
recessio...]]></description>
<guid>http://www.baselinemag.com/c/a/Finance/Credit-Seen-Drying-Up-for-Small-Business/?kc=rss</guid>
</item>
<item><title>Election Could Delay Fed Rate Rise to December</title>
<pubDate>Mon, 30 Jun 2008 10:41:49 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Election-Could-Delay-Fed-Rate-Rise-to-December/?kc=rss</link>
<description><![CDATA[Insiders deny politics influences their decisions. But there is no doubt moving rates in an election year can make the Fed either hero or goat from a political perspective.   -  WASHINGTON
(Reuters) - The Federal Reserve may be hesitant to raise interest rates
ahead of the U.S. election in November, although there is no hard
evidence to support the widely held view that politics influences
monetary policy.
The Fed has raised rates in election years, as well as leaving ...]]></description>
<guid>http://www.baselinemag.com/c/a/Finance/Election-Could-Delay-Fed-Rate-Rise-to-December/?kc=rss</guid>
</item>
<item><title>Bernanke: High Foreclosure Rates Hurt Broad Economy</title>
<pubDate>Tue, 06 May 2008 09:39:47 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Bernanke-High-Foreclosure-Rates-Hurt-Broad-Economy/?kc=rss</link>
<description><![CDATA[The Fed chairman Ben Bernanke sees a ripple effect on the economy with the sub-prime mortgage crisis and current-price values of real estate.   -  NEW YORK (Reuters) - Federal Reserve
Chairman Ben Bernanke on Monday said conditions in mortgage markets
remain strained, posing a threat to the economy, and urged steps be
taken to prevent home foreclosure where possible.
 quot;High rates of delinquency and foreclosure can have substantial
spi...]]></description>
<guid>http://www.baselinemag.com/c/a/Finance/Bernanke-High-Foreclosure-Rates-Hurt-Broad-Economy/?kc=rss</guid>
</item>
<item><title>Exxon Profit Disappoints Even with High Oil Prices</title>
<pubDate>Thu, 01 May 2008 16:33:01 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Exxon-Profit-Disappoints-Even-with-High-Oil-Prices/?kc=rss</link>
<description><![CDATA[Wall Street expectations were not met by the 17 percent year over year earnings gained by Exxon Mobil.   -  NEW YORK (Reuters) - Exxon Mobil Corp (XOM.N: Quote, Profile, Research)
posted a $10.89 billion first-quarter profit on Thursday, but still
managed to disappoint investors as weak production volumes and low
refining margins blunted the impact of the record-high crude prices.
The company's quarte...]]></description>
<guid>http://www.baselinemag.com/c/a/Finance/Exxon-Profit-Disappoints-Even-with-High-Oil-Prices/?kc=rss</guid>
</item>
<item><title>Warren Buffett to Draw Biggest Crowd Ever</title>
<pubDate>Thu, 01 May 2008 16:24:44 -0400</pubDate>
<link>http://www.baselinemag.com/c/a/Finance/Warren-Buffett-to-Draw-Biggest-Crowd-Ever/?kc=rss</link>
<description><![CDATA[The &quot;Woodstock for Capitalists&quot; is about to grab the economic spotlight as the annual shareholder meeting for Berkshire Hathaway is almost here.   -  OMAHA, Nebraska
(Reuters) - Few 77-year-olds could hold thousands of people in rapt
attention for five hours. Sean Connery, maybe; Clint Eastwood, perhaps.
Warren Buffett? Definitely.
Buffett will be the center of attention on Saturday at the annual
shareholder meeting for Berkshire Hathaway In...]]></description>
<guid>http://www.baselinemag.com/c/a/Finance/Warren-Buffett-to-Draw-Biggest-Crowd-Ever/?kc=rss</guid>
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