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  <title><![CDATA[NewsObserver.com - Business]]></title>
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  <description><![CDATA[Business]]></description>
  <language><![CDATA[en-us]]></language>
  <copyright><![CDATA[Copyright 2009 newsobserver.com]]></copyright>
  <category domain="Yahoo"><![CDATA[Business]]></category>
  <category domain="http://www.newsobserver.com/business/index.html"></category>
  <ttl>60</ttl>                              
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    <title>Uptown condos in down market</title>
    <link><![CDATA[http://www.newsobserver.com/business/nc/realdeals/story/1591963.html]]></link>
    <description>Bloomsbury Estates perches high over downtown Raleigh, a brick edifice so imposing that it has garnered over-the-top comparisons to Cinderella&#39;s Castle at Disney World&#39;s Magic Kingdom.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 02:00:00 EST]]></pubDate>
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    <title>Initial and continuing jobless claims fall</title>
    <link><![CDATA[http://www.newsobserver.com/1566/story/1592353.html]]></link>
    <description>The tally of newly laid-off workers filing for unemployment insurance dropped last week, the government said Thursday, a sign job cuts are easing.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 08:48:42 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1592353</guid>
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    <title>Jobless data sends stocks reeling; Dow loses 223</title>
    <link><![CDATA[http://www.newsobserver.com/1566/story/1592343.html]]></link>
    <description>The stock market found little to celebrate heading into the long holiday weekend.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 08:50:20 EST]]></pubDate>
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    <title>Car sales down at slower pace, and it&#39;s good news these days</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1591951.html]]></link>
    <description>After a yearlong free-fall in the American car market, the decline of sales slowed in June, offering hope to automakers that the bottom has been reached and more shoppers may slowly start returning to showrooms soon.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 02:00:00 EST]]></pubDate>
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    <title>Factory orders rise more than expected in May</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1592392.html]]></link>
    <description>Orders to U.S. factories jumped in May by the largest amount in nearly a year, another sign that the nosedive in manufacturing is nearing an end.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 10:22:06 EST]]></pubDate>
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    <title>$50 million will end Beazer&#39;s fraud case</title>
    <link><![CDATA[http://www.newsobserver.com/business/nc/story/1592041.html]]></link>
    <description>Federal investigators filed mortgage and accounting fraud charges Wednesday against Beazer Homes USA, but the homebuilder will escape prosecution because it agreed to pay victims $50 million and accepted responsibility.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 05:42:56 EST]]></pubDate>
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    <title>Johnson &amp; Johnson pays $1B for Elan stake</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1592349.html]]></link>
    <description>Johnson &amp; Johnson, making a big jump into the risky but potentially lucrative field of Alzheimer&#39;s disease, is taking a major stake in Irish biopharmaceutical company Elan Corp., investing up to $1.5 billion initially.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 08:33:59 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1592349</guid>
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    <title>Encouraging reports lift stocks</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1591958.html]]></link>
    <description>Investors kicked off the stock market&#39;s third quarter with a moderate gain after getting some reassuring data on manufacturing and housing.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 02:00:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1591958</guid>
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<item>
    <title>Philip Morris to buy South Africa snuff maker</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1592280.html]]></link>
    <description>Philip Morris International, maker of Marlboro and other cigarettes for sale overseas, has agreed to buy a Swedish company&#39;s South African snuff and pipe tobacco operations for 1.75 billion South African rand, or roughly $222 million.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 07:11:35 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1592280</guid>
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    <title>Exelon raises hostile bid for NRG to $8 billion</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1592296.html]]></link>
    <description>Exelon Corp. on Thursday sweetened its hostile takeover bid for NRG Energy Inc. by 12 percent to $8 billion in stock, citing newly identified cost savings along with NRG&#39;s recent deal for Reliant Energy&#39;s Texas retail business.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 08:11:02 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1592296</guid>
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    <title>Euro zone unemployment hits 10-year high in May</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1592233.html]]></link>
    <description>Unemployment in the 16 countries that use the euro spiked to a 10-year high in May, reinforcing concerns any recovery will take time with so many people out of work.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 07:12:04 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1592233</guid>
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    <title>Peak&#39;s departure leaves some angry</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1591952.html]]></link>
    <description>The departure of Peak Fitness from the Triangle has been less than smooth, and as the gym chain closes facilities in the area, many members are scrambling for refunds, answers and resolution that may not come.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 02:00:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1591952</guid>
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<item>
    <title>Optimism is up in Triangle</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1591954.html]]></link>
    <description>In the Triangle, auto dealers are feeling a tad more optimistic than they did in the first half of 2009.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 02:00:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1591954</guid>
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    <title>Cardiac plan wins support</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1591957.html]]></link>
    <description>Johnston Health medical officials give top marks to a WakeMed partnership proposal to expand cardiac care in Johnston County, which has one of the state&#39;s higher death rates from heart disease.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 02:00:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1591957</guid>
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    <title>Pork workers OK new contract</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1591956.html]]></link>
    <description>Workers at the world&#39;s largest pork plant in Bladen County ratified their first union contract Wednesday.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 02:00:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1591956</guid>
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    <title>Baldor to expand in Buncombe</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1591955.html]]></link>
    <description>An Arkansas electric manufacturer says it will expand an existing plant in Western North Carolina.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 02:00:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1591955</guid>
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    <title>Raleigh company out of bankruptcy</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1591965.html]]></link>
    <description>Stock Building Supply, struggling from a slowdown in home construction, has completed its financial restructuring and has emerged from Chapter11 bankruptcy.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 02:00:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1591965</guid>
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    <title>N.Y. apartment prices nose-dive: 13% to 19%</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1591964.html]]></link>
    <description>Apartment prices in the typically resilient Manhattan market plunged in the second quarter by the largest annual amount in decades.</description>
    <pubDate><![CDATA[Thu, 02 Jul 2009 02:00:00 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1591964</guid>
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    <title>Farmers say catfish are catfish</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1590212.html]]></link>
    <description>Years of arguing that a Vietnamese fish isn&#39;t catfish -- and winning a federal law saying as much -- the U.S. farmers now want to have it both ways. They want the Vietnamese imports considered catfish so that they will be covered by a new inspections regime.</description>
    <pubDate><![CDATA[Wed, 01 Jul 2009 02:00:00 EST]]></pubDate>
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    <title>Smithfield workers approve union contract</title>
    <link><![CDATA[http://www.newsobserver.com/business/story/1591708.html]]></link>
    <description>Workers at the world&#39;s largest pork plant in Bladen County ratified their first union contract today.</description>
    <pubDate><![CDATA[Wed, 01 Jul 2009 18:30:44 EST]]></pubDate>    <guid isPermaLink="false">www.newsobserver.com/1591708</guid>
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