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<title>KOMO News - Business</title>
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<pubDate>Sun, 20 May 2012 22:08:22 -0700</pubDate>
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<title>Obama sees 'emerging consensus' on economic fix</title>
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<description><![CDATA[Confronting an economic crisis that threatens them all, President Barack Obama and leaders of other world powers on Saturday declared that their governments must both spark growth and cut the debt that has crippled the European continent and put investors worldwide on edge.]]></description>
<pubDate>Sun, 20 May 2012 14:30:39 -0700</pubDate>
<atom:published>2012-05-20T14:30:39-07:00</atom:published>
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<title>Greeks' economic crisis is personal, too</title>
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<description><![CDATA[Enormous debt accumulated over decades sent the country into a recession so deep it kills 200 businesses and 900 jobs every day.]]></description>
<pubDate>Sun, 20 May 2012 14:27:48 -0700</pubDate>
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<item>
<title>N.Y. trial of ex-P&amp;G, Goldman board member starts</title>
<link>http://www.komonews.com/news/business/NY-trial-of-ex-PG-Goldman-board-member-starts-152218945.html</link>
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<description><![CDATA[Prosecutors will try to convince a jury that an intercepted call shows Goldman board member Rajat Gupta was providing inside tips that gave Hedge fund manager Raj Rajaratnam an illegal edge in massive stock maneuvers. ]]></description>
<pubDate>Sun, 20 May 2012 14:21:30 -0700</pubDate>
<atom:published>2012-05-20T14:21:30-07:00</atom:published>
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<title>Reports: Yahoo nears deal to sell stake in Alibaba</title>
<link>http://www.komonews.com/news/business/Reports-Yahoo-nears-deal-to-sell-stake-in-Alibaba-152217725.html</link>
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<description><![CDATA[Yahoo Inc. may finally be nearing a deal to sell a part of its prized stake in the major Chinese e-commerce provider Alibaba.]]></description>
<pubDate>Sun, 20 May 2012 13:53:56 -0700</pubDate>
<atom:published>2012-05-20T13:53:56-07:00</atom:published>
<atom:updated>2012-05-20T13:53:57-07:00</atom:updated>
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<title>Is GOP trying to sabotage economy to hurt Obama?</title>
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<description><![CDATA[re Republican lawmakers deliberately stalling the economic recovery to hurt President Barack Obama's re-election chances? Some top Democrats say yes.]]></description>
<pubDate>Sat, 19 May 2012 11:56:13 -0700</pubDate>
<atom:published>2012-05-19T11:56:13-07:00</atom:published>
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<title>Repsol: Exploratory oil well off Cuba comes up dry</title>
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<description><![CDATA[An exploratory oil well off the northern coast of Cuba has proved a failure and will be capped and abandoned, Spanish company Repsol said Friday, a disappointment for a cash-strapped nation hoping for an economic lifeline.]]></description>
<pubDate>Sat, 19 May 2012 11:50:24 -0700</pubDate>
<atom:published>2012-05-19T11:50:24-07:00</atom:published>
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<title>Google gets China OK for Motorola deal</title>
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<description><![CDATA[Google says authorities in China have approved its acquisition of Motorola Mobility. This brings the Internet search giant closer to completing its biggest deal ever.]]></description>
<pubDate>Sat, 19 May 2012 11:44:51 -0700</pubDate>
<atom:published>2012-05-19T11:44:51-07:00</atom:published>
<atom:updated>2012-05-19T11:44:52-07:00</atom:updated>
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<title>Obama wants new banking rules put in place soon</title>
<link>http://www.komonews.com/news/business/Obama-wants-new-banking-rules-put-in-place-soon-152154705.html</link>
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<description><![CDATA[President Barack Obama says the big trading loss at JPMorgan Chase shows the need to finally put in place banking rules he signed into law two years ago. He also is calling on Congress to stop trying to weaken the regulations.]]></description>
<pubDate>Sat, 19 May 2012 11:35:56 -0700</pubDate>
<atom:published>2012-05-19T11:35:56-07:00</atom:published>
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<title>Argentina: Black market grows with currency</title>
<link>http://www.komonews.com/news/business/Argentina-Black-market-grows-with-currency-152154535.html</link>
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<description><![CDATA[Argentines have increasingly turned to black market money changers since President Cristina Fernandez sharply restricted purchases of dollars in banks and exchange houses to try to keep hard currency from pouring out of the country.]]></description>
<pubDate>Sat, 19 May 2012 11:32:04 -0700</pubDate>
<atom:published>2012-05-19T11:32:04-07:00</atom:published>
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<title>Facebook falls flat in first day of public trading</title>
<link>http://www.komonews.com/news/business/Facebook-stock-jumps-then-settles-down-in-public-debut-152041685.html</link>
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<description><![CDATA[Despite days of hype and hoopla, Facebook's stock closed just 23 cents higher than than its opening price on its first day of trading, disappointing investors across the globe.]]></description>
<pubDate>Fri, 18 May 2012 08:59:35 -0700</pubDate>
<atom:published>2012-05-18T08:59:35-07:00</atom:published>
<atom:updated>2012-05-18T14:41:25-07:00</atom:updated>
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<title>Unemployment rates fall in two-thirds of U.S. states</title>
<link>http://www.komonews.com/news/business/Unemployment-rates-fall-in-two-thirds-of-US-states-152038825.html</link>
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<description><![CDATA[Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.]]></description>
<pubDate>Fri, 18 May 2012 08:40:17 -0700</pubDate>
<atom:published>2012-05-18T08:40:17-07:00</atom:published>
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<title>Myanmar welcomes easing of U.S. economic sanctions</title>
<link>http://www.komonews.com/news/business/Myanmar-welcomes-easing-of-US-economic-sanctions-152038455.html</link>
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<description><![CDATA[Officials and businessmen in Myanmar welcomed U.S. plans to ease economic sanctions, saying Friday it will benefit both countries in a market long cut off from most Western investment.]]></description>
<pubDate>Fri, 18 May 2012 08:38:32 -0700</pubDate>
<atom:published>2012-05-18T08:38:32-07:00</atom:published>
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<title>Europe's economic woes keep markets on edge</title>
<link>http://www.komonews.com/news/business/Europes-economic-woes-keep-markets-on-edge-152037855.html</link>
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<description><![CDATA[Concerns that Europe's debt crisis could drag down parts of the continent's banking system rattled most global markets Friday, though social network Facebook's IPO buoyed sentiment on Wall Street.]]></description>
<pubDate>Fri, 18 May 2012 08:34:12 -0700</pubDate>
<atom:published>2012-05-18T08:34:12-07:00</atom:published>
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<title>Schilling's gaming company defaults on $1 million payment</title>
<link>http://www.komonews.com/news/business/Curt-Schilling-We-will-find-a-way--to-endure-152037675.html</link>
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<description><![CDATA[Former Red Sox pitcher Curt Schilling is thanking his well-wishers after his video game company defaulted on a $1.1 million payment to Rhode Island and was unable to meet payroll this week.]]></description>
<pubDate>Fri, 18 May 2012 08:32:50 -0700</pubDate>
<atom:published>2012-05-18T08:32:50-07:00</atom:published>
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<title>Questions and answers on blockbuster Facebook IPO </title>
<link>http://www.komonews.com/news/business/Questions-and-answers-on-blockbuster-Facebook-IPO--152026775.html</link>
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<description><![CDATA[Taking a company public isn't as simple as collecting Facebook friends. Even if the company is Facebook.]]></description>
<pubDate>Fri, 18 May 2012 07:10:45 -0700</pubDate>
<atom:published>2012-05-18T07:10:45-07:00</atom:published>
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<title>Court OKs Kent man's audacious high-tech venture to recover Alaska's sunken treasure</title>
<link>http://www.komonews.com/news/business/Court-OKs-Kent-mans-audacious-high-tech-venture-to-recover-Alaskas-sunken-treasure-151962115.html</link>
<guid isPermaLink="true">http://www.komonews.com/news/business/Court-OKs-Kent-mans-audacious-high-tech-venture-to-recover-Alaskas-sunken-treasure-151962115.html</guid>
<description><![CDATA[More than a century after the steamship Islander sank near Juneau with a purported cargo of Alaskan gold, a Kent man hopes to cash in on his two-decade-long quest to retrieve the treasure.]]></description>
<pubDate>Thu, 17 May 2012 16:13:25 -0700</pubDate>
<atom:published>2012-05-17T16:13:25-07:00</atom:published>
<atom:updated>2012-05-18T13:51:39-07:00</atom:updated>
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<title>30-year mortgage rate falls to record 3.79 pct.</title>
<link>http://www.komonews.com/news/business/30-year-mortgage-rate-falls-to-record-379-pct-151880095.html</link>
<guid isPermaLink="true">http://www.komonews.com/news/business/30-year-mortgage-rate-falls-to-record-379-pct-151880095.html</guid>
<description><![CDATA[Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.]]></description>
<pubDate>Thu, 17 May 2012 08:05:23 -0700</pubDate>
<atom:published>2012-05-17T08:05:23-07:00</atom:published>
<enclosure url="http://media.komonews.com/images/111229_mortgage_rates.jpg" type="image/jpeg"/>
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<title>U.S. unemployment aid applications stay at 370,000</title>
<link>http://www.komonews.com/news/business/US-unemployment-aid-applications-stay-at-370000-151879895.html</link>
<guid isPermaLink="true">http://www.komonews.com/news/business/US-unemployment-aid-applications-stay-at-370000-151879895.html</guid>
<description><![CDATA[The number of people seeking U.S. unemployment benefits was unchanged last week, suggesting modest but steady gains in the job market.]]></description>
<pubDate>Thu, 17 May 2012 08:03:57 -0700</pubDate>
<atom:published>2012-05-17T08:03:57-07:00</atom:published>
<enclosure url="http://media.komonews.com/images/120517_unemployment_jobs_660.jpg" type="image/jpeg"/>
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<title>Gauge of U.S. economy dipped 0.1 percent in April</title>
<link>http://www.komonews.com/news/business/Gauge-of-US-economy-dipped-01-percent-in-April-151878325.html</link>
<guid isPermaLink="true">http://www.komonews.com/news/business/Gauge-of-US-economy-dipped-01-percent-in-April-151878325.html</guid>
<description><![CDATA[A measure of future U.S. economic activity fell in April after six months of increases. The drop reflected weakness in housing and hiring.]]></description>
<pubDate>Thu, 17 May 2012 07:59:20 -0700</pubDate>
<atom:published>2012-05-17T07:59:20-07:00</atom:published>
<enclosure url="http://media.komonews.com/images/120517_leading_indicators_660.jpg" type="image/jpeg"/>
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<title>Wal-Mart's 1st quarter profit up 10.1 percent</title>
<link>http://www.komonews.com/news/business/Wal-Marts-1st-quarter-profit-up-101-percent-151877465.html</link>
<guid isPermaLink="true">http://www.komonews.com/news/business/Wal-Marts-1st-quarter-profit-up-101-percent-151877465.html</guid>
<description><![CDATA[Wal-Mart Stores Inc. reported a 10.1 percent increase in first-quarter profit that beat Wall Street estimates as its re-emphasis on low prices drove bargain-hungry U.S. shoppers into its stores. ]]></description>
<pubDate>Thu, 17 May 2012 07:52:16 -0700</pubDate>
<atom:published>2012-05-17T07:52:16-07:00</atom:published>
<atom:updated>2012-05-17T07:55:35-07:00</atom:updated>
<enclosure url="http://media.komonews.com/images/120517_walmart_wal-mart_660.jpg" type="image/jpeg"/>
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<title>Buffett's Berkshire to buy Media General papers</title>
<link>http://www.komonews.com/news/business/Buffetts-Berkshire-to-buy-Media-General-papers-151877075.html</link>
<guid isPermaLink="true">http://www.komonews.com/news/business/Buffetts-Berkshire-to-buy-Media-General-papers-151877075.html</guid>
<description><![CDATA[Billionaire Warren Buffett's company is making its largest foray into newspapers yet, agreeing to buy 63 papers from Media General Inc.]]></description>
<pubDate>Thu, 17 May 2012 07:49:53 -0700</pubDate>
<atom:published>2012-05-17T07:49:53-07:00</atom:published>
<atom:updated>2012-05-17T07:49:54-07:00</atom:updated>
<enclosure url="http://media.komonews.com/images/111130_warren_buffet.jpg" type="image/jpeg"/>
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<title>FTC: Skechers deceived consumers with shoe ads</title>
<link>http://www.komonews.com/news/business/FTC-Skechers-deceived-consumers-with-shoe-ads-151743695.html</link>
<guid isPermaLink="true">http://www.komonews.com/news/business/FTC-Skechers-deceived-consumers-with-shoe-ads-151743695.html</guid>
<description><![CDATA[The government wants you to know that simply sporting a pair of Skechers' fitness shoes is not going to get you Kim Kardashian's curves or Brooke Burke's toned tush.]]></description>
<pubDate>Wed, 16 May 2012 10:49:56 -0700</pubDate>
<atom:published>2012-05-16T10:49:56-07:00</atom:published>
<atom:updated>2012-05-16T18:35:19-07:00</atom:updated>
<enclosure url="http://media.komonews.com/images/120516_sketchers_ad_lg.jpg" type="image/jpeg"/>
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<title>Key Republican: JPMorgan $2 billion loss raises questions</title>
<link>http://www.komonews.com/news/business/Key-Republican-JPMorgan-2-billion-loss-raises-questions-151743355.html</link>
<guid isPermaLink="true">http://www.komonews.com/news/business/Key-Republican-JPMorgan-2-billion-loss-raises-questions-151743355.html</guid>
<description><![CDATA[A key House Republican on Wednesday said that the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control their risks. But Republican lawmakers rejected calls from Democrats for stricter oversight of Wall Street.]]></description>
<pubDate>Wed, 16 May 2012 10:46:42 -0700</pubDate>
<atom:published>2012-05-16T10:46:42-07:00</atom:published>
<enclosure url="http://media.komonews.com/images/120511_jp_morgan_chase_660.jpg" type="image/jpeg"/>
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<item>
<title>Housing starts rose to 717,000 in April</title>
<link>http://www.komonews.com/news/business/Housing-starts-rose-to-717000-in-April-151744655.html</link>
<guid isPermaLink="true">http://www.komonews.com/news/business/Housing-starts-rose-to-717000-in-April-151744655.html</guid>
<description><![CDATA[U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing.]]></description>
<pubDate>Wed, 16 May 2012 10:56:12 -0700</pubDate>
<atom:published>2012-05-16T10:56:12-07:00</atom:published>
<atom:updated>2012-05-16T10:56:13-07:00</atom:updated>
<enclosure url="http://media.komonews.com/images/120516_housing_construction_lg.jpg" type="image/jpeg"/>
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<item>
<title>Avoiding marriage's No. 1 pitfall: money troubles</title>
<link>http://www.komonews.com/news/business/Avoiding-marriages-No-1-pitfall-money-troubles-151745745.html</link>
<guid isPermaLink="true">http://www.komonews.com/news/business/Avoiding-marriages-No-1-pitfall-money-troubles-151745745.html</guid>
<description><![CDATA[Newlyweds and couples moving toward marriage, take note. Love, as it turns out, is not all you need. Not if your goal is to avoid the No. 1 reason marriages end in divorce: Money problems.]]></description>
<pubDate>Wed, 16 May 2012 11:01:11 -0700</pubDate>
<atom:published>2012-05-16T11:01:11-07:00</atom:published>
<enclosure url="http://media.komonews.com/images/stock_money_credit.jpg" type="image/jpeg"/>
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