<?xml version="1.0" encoding="iso-8859-1"?><?xml-stylesheet href="http://www.congoo.com/css/rss.css" type="text/css" media="screen"?><rss version="2.0"><channel><title>Business News - Congoo</title><link>http://www.congoo.com/feed/newschannelsfeed.aspx?chid=23&amp;catid=358</link><description>News Feed for - Business</description><item><title>IMF: World economy in holding pattern</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96292773&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T15:08:00</pubDate><description>By Fiona Shaikh LONDON (Reuters) - The global economy is in a holding pattern and vulnerable to more upheaval, and a lasting recovery will depend on policymakers taking the proper steps in coming months, </description><source>Reuters</source></item><item><title>KPN and iBasis agree on final, higher offer</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96294871&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T13:28:00</pubDate><description>AMSTERDAM (Reuters) - Dutch telecoms group KPN (KPN.AS) has reached agreement on a final takeover offer for iBasis (IBAS.O), ending a battle over the acquisition of the U.S. voice traffic carrier. KPN </description><source>Reuters</source></item><item><title>Ciena wins bid for Nortel's optical unit</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96306952&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T13:38:00</pubDate><description>Diana Mehta Toronto  C Ciena's final cash and debt offer was worth $769-million (U.S.), about $248-million more than it initially bid in October. The Maryland-based company emerged on top after a three-day </description><source>Globe and Mail</source></item><item><title>Germany warns fellow EU gov'ts against GM jobs aid</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96300310&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T11:42:00</pubDate><description>FRANKFURT -- Germany warned fellow European governments on Monday against offering financial aid to General Motors Europe in exchange for job guarantees, hours ahead of a meeting in Brussels to discuss </description><source>Washington Post</source></item><item><title>UPDATE 1-Lagardere made bid for French TV ad unit</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96310122&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T13:41:00</pubDate><description>PARIS, Nov 23 (Reuters) - French media group Lagardere said on Monday it made an offer to buy the bulk of the capital of France Televisions Publicite, the advertising unit of state-owned broadcast group </description><source>Forbes.com</source></item><item><title>Lloyds to cut another 800 jobs</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96285003&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T13:05:00</pubDate><description>â?¢ Posts go at Aylesbury centre as Equitable Life transfers admin contract to Indian company â?¢ Announcement takes total Lloyds job losses to 15,000 this year Another 800 posts are being cut at administrative </description><source>Guardian.co.uk</source></item><item><title>Is It Good to Apologize for Greed?</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96263435&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T13:43:00</pubDate><description>What would J.P. Morgan have said about regret expressed by Goldman Sachs CEO Lloyd Blankfein? History tells us the apology was a savvy investment If you think the controversy over the gigantic hauls at </description><source>BusinessWeek</source></item><item><title>Volkswagen plans push in south China in market share bid</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96236794&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T12:14:00</pubDate><description>Watch out General Motors and Ford. Volkswagen, Europe's biggest carmaker, plans to more than triple its sales in south China by 2018. Its a key component in the plan to double sales to 2 million units </description><source>USA Today</source></item><item><title>China's Hong Kong expects to increase legal co-op with Vietnam</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96287994&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T13:26:00</pubDate><description>expects to increase legal co-op with Vietnam - People's Daily Online isIE ? true : $ (id) Class Extend function(destination, source) Bind function(object, fun) Each function(list, //ie only RevealTrans </description><source>People's Daily Online</source></item><item><title>CBI live: leaders debate the economy</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96299447&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T11:29:00</pubDate><description>CBI live: party leaders debate the economy Gordon Brown, David Cameron and Nick Clegg debate the economy and business at the CBI conference in London 11.23am: Big section on Europe from Brown. Another </description><source>Guardian.co.uk</source></item><item><title>FTSE flies as mining companies benefit from weaker dollar</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96292414&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T09:37:00</pubDate><description>Leading shares have begun the week brightly, as continuing weakness in the dollar has given a boost to metal prices, and thus the mining sector. The FTSE 100 is currently 82.82 points higher at 5334.23, </description><source>Guardian.co.uk</source></item><item><title>BHP Strikes Wage Deal with Chile Copper Mine Workers</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96263495&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T04:22:00</pubDate><description>Global miner BHP Billiton said on Sunday it had reached a wage deal with the union of workers who have mounted a 41-day strike at its Spence deposit in Chile, and was now waiting for miners to vote on </description><source>CNBC</source></item><item><title>LDK Solar profit falls 67%, sales to beat view</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96307464&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T13:03:00</pubDate><description>Tech Data net income more than doubles (7:23a) Tyson swings to a fourth-quarter loss (7:42a) Ciena snaps up Nortel's Ethernet assets for $769M (7:31a) New gold bugs taking gold mainstream (12:01a) Story </description><source>MarketWatch</source></item><item><title>Hochtief unit wins contract for 421 million euros</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96302190&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T12:10:00</pubDate><description>Story Quotes Comments Screener AlertEmail Print By Polya Lesova FRANKFURT (MarketWatch) -- German construction group Hochtief AG /quotes/comstock/11e!fhot (DE:HOT 56.99, +1.94, +3.52%) said Monday its </description><source>MarketWatch</source></item><item><title>UPDATE 1-Blacks Leisure creditors back rescue plan</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96232334&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T15:11:00</pubDate><description>* CVA proposal 'overwhelmingly' backed (Adds detail) LONDON, Nov 23 (Reuters) - Creditors of British outdoor goods company Blacks Leisure Group (BSLA.L) 'overwhelmingly' voted through a rescue plan that </description><source>Reuters UK</source></item><item><title>Torino's deal shows Vancouver a path</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96288651&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T10:10:00</pubDate><description>BERT ARCHER TORINO, ITALY  O The agreement in principle, still in final negotiations, is with LiveNation, the Clear Channel entertainment-management spinoff best known for deals with U2, Jay-Z and Madonna. </description><source>Globe and Mail</source></item><item><title>India's Sensex gets lift from Reliance deal news</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96272558&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T05:01:00</pubDate><description>LyondellBasell gets bid from India's Reliance (2:10p) Do weaker data show recovery is stalling? (12:05p) Investors may turn defensive as fizz leaves stocks (5:05p) Hong Kong stocks rebound on commodity </description><source>MarketWatch</source></item><item><title>Car sales rise as confidence grows</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96263040&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T01:09:00</pubDate><description>- 11:47AM Sales of new motor vehicles in Australia rose 3.7 per cent in October from the previous month, a show of consumer resilience that could bode well for retail spending. Data from the Australian </description><source>The Age</source></item><item><title>GM sees China sales rising 50 pct in 2009</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96267746&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T11:16:00</pubDate><description>GUANGZHOU, Nov 23 (Reuters) - General Motors expects its China sales to rise 50 percent in 2009 and increase 10 to 15 percent in 2010, a company executive said on Monday. The company sold 1.5 million </description><source>Sharenet</source></item><item><title>BofA May Extend C.E.O. Search into 2010, Report Says</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96241747&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T12:33:00</pubDate><description>Bank of America may extend its search for a new chief executive into next year if its board is unable to pick a candidate in the next four days, Bloomberg News reported, citing people familiar with the </description><source>New York Times</source></item><item><title>India's Reliance said offering US$12b for bankrupt chemical firm</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96245311&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T07:44:00</pubDate><description>MUMBAI: India's Reliance Industries is offering about US$12 billion to buy a controlling interest in bankrupt chemical company LyondellBasell Industries to create one of the largest petrochemical firm </description><source>Business Times Malaysia</source></item><item><title>Lloyds axes 800 jobs on Equitable contract loss</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96315854&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T15:12:00</pubDate><description>Lloyds Banking Group is to shed a further 800 jobs following a shake-up in its life, pensions and investment business. The latest cull at the bank, which is 43 per cent owned by the British taxpayer, </description><source>Times Online</source></item><item><title>Call of Duty makes sales history</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96290337&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T09:03:00</pubDate><description>The debut of the video game Call of Duty: Modern Warfare 2 looks sure to become the most successful product launch in the history of entertainment, with global first-day sales estimated at $500 million. </description><source>Times Online</source></item><item><title>Heritage boss to pocket 80m in Uganda deal</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96182806&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T09:37:00</pubDate><description>HERITAGE OIL, the FTSE 250 group run by Tony Buckingham, has agreed to sell its prized Uganda fields for $1.5 billion (909m) to Eni of Italy in a deal that will bring an 80m windfall for the ex-mercenary. </description><source>Times Online</source></item><item><title>Chase drops arbitration from card contracts</title><link>http://www.congoo.com/news/addstorycomment.aspx?st=96092310&amp;Channel_ID=23&amp;Category_ID=358</link><pubDate>2009-11-23T08:00:00</pubDate><description>A spokesman for the New York-based bank's Chase Card Services unit confirmed the change after a law firm that sued banks over arbitration clauses announced a tentative settlement with JPMorgan Chase. </description><source>KCAU-TV</source></item></channel></rss>