<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><atom:link href="http://cbs2chicago.com/business/resources_rss.xml" rel="self" type="application/rss+xml"/><title>Chicago news, weather, sports, traffic and video from cbs2chicago.com</title><link>http://cbs2chicago.com/business</link><description><![CDATA[Chicago news, weather, sports, traffic and video from cbs2chicago.com]]></description><language>en-US</language><copyright><![CDATA[(c)  MMVIII, CBS Broadcasting, Inc. All Rights Reserved.]]></copyright><pubDate>Wed, 08 Oct 2008 03:52:23 GMT</pubDate><ttl>5</ttl><item><title><![CDATA[Dow Tumbles 508 Points In Turbulent Trading ]]></title><guid>http://cbs2chicago.com/business/stocks.dow.jones.2.834288.html</guid><link>http://cbs2chicago.com/business/stocks.dow.jones.2.834288.html</link><description><![CDATA[Wall Street has had yet another dismal day Tuesday, extending its heavy
losses as investors' worries about the financial sector wiped out early
enthusiasm over the Federal Reserve's efforts to inject confidence into
the credit markets. Trading remained fractious and grew more turbulent
in the last hour, with the Dow Jones industrial average losing more
than 500 points and all the major indexes falling more than 5 percent.]]></description><pubDate>Wed, 08 Oct 2008 02:10:32 GMT</pubDate></item><item><title><![CDATA[Retirement Accounts Have Lost $2 Trillion So Far ]]></title><guid>http://cbs2chicago.com/business/returement.accounts.401k.2.835129.html</guid><link>http://cbs2chicago.com/business/returement.accounts.401k.2.835129.html</link><description><![CDATA[Americans' retirement plans have lost as much as $2 trillion in the
past 15 months &#151; about 20 percent of their value &#151; Congress' top budget
analyst estimated Tuesday as lawmakers began investigating how turmoil
in the financial industry is whittling away workers' nest eggs.									]]></description><pubDate>Wed, 08 Oct 2008 02:27:55 GMT</pubDate></item><item><title><![CDATA[Iceland Teeters On Brink Of Bankruptcy]]></title><guid>http://cbs2chicago.com/business/iceland.national.bankruptcy.2.835097.html</guid><link>http://cbs2chicago.com/business/iceland.national.bankruptcy.2.835097.html</link><description><![CDATA[This volcanic island near the Arctic Circle is on the brink of becoming
the first "national bankruptcy" of the global financial meltdown.									]]></description><pubDate>Wed, 08 Oct 2008 01:31:27 GMT</pubDate></item><item><title><![CDATA[After Bailout, AIG Execs Lounged At Resort]]></title><guid>http://cbs2chicago.com/business/aig.financial.crisis.2.834438.html</guid><link>http://cbs2chicago.com/business/aig.financial.crisis.2.834438.html</link><description><![CDATA[Less than a week after the federal government had to bail out American
International Group Inc., the company sent executives on a $440,000
retreat to a posh California resort, lawmakers investigating the
company's meltdown said Tuesday.<br />]]></description><pubDate>Wed, 08 Oct 2008 00:43:27 GMT</pubDate></item><item><title><![CDATA[Bernanke Warns Of More Economic Pain Ahead]]></title><guid>http://cbs2chicago.com/business/Federal.Reserve.Chairman.2.834685.html</guid><link>http://cbs2chicago.com/business/Federal.Reserve.Chairman.2.834685.html</link><description><![CDATA[Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial
crisis has not only darkened the country's current economic performance
but also could prolong the pain.<br />]]></description><pubDate>Wed, 08 Oct 2008 00:45:14 GMT</pubDate></item><item><title><![CDATA[Candidates' Small Business Plans Differ On Taxes]]></title><guid>http://cbs2chicago.com/business/obama.mccain.business.2.835047.html</guid><link>http://cbs2chicago.com/business/obama.mccain.business.2.835047.html</link><description><![CDATA[So, where do the candidates stand on the issues of taxes, the credit crunch and healthcare? CBS News correspondent Sandra Hughes reports on how the proposed policies of Barack Obama and John McCain to help small businesses would affect you and your community. ]]></description><pubDate>Wed, 08 Oct 2008 00:04:13 GMT</pubDate></item><item><title><![CDATA[Bush: 'We're Going To Come Through This']]></title><guid>http://cbs2chicago.com/business/bush.crisis.financial.2.834588.html</guid><link>http://cbs2chicago.com/business/bush.crisis.financial.2.834588.html</link><description><![CDATA[President Bush on Tuesday told a country engulfed by dire economic news
that it should not expect a sudden recovery, but rather a gradual
rebound that will test people's patience. ]]></description><pubDate>Tue, 07 Oct 2008 22:28:20 GMT</pubDate></item><item><title><![CDATA[Fed Launches Plan To Thaw Frozen Credit]]></title><guid>http://cbs2chicago.com/business/federal.reserve.credit.2.834312.html</guid><link>http://cbs2chicago.com/business/federal.reserve.credit.2.834312.html</link><description><![CDATA[The Federal Reserve moved swiftly to break through a credit clog that
is imperiling the economy, saying Tuesday it would buy massive amounts
of short-term debt and hinting that it may cut interest rates. ]]></description><pubDate>Tue, 07 Oct 2008 19:56:02 GMT</pubDate></item><item><title><![CDATA[Ford To Cut 792 Jobs At SE Side Plant]]></title><guid>http://cbs2chicago.com/business/ford.job.cuts.2.834511.html</guid><link>http://cbs2chicago.com/business/ford.job.cuts.2.834511.html</link><description><![CDATA[Ford will cut 792 jobs at its Southeast Side assembly plant when it drops to one shift early next month, according to a filing with the state. Separately, two suppliers to Ford told state officials they'll pare 168 jobs from their payrolls. ]]></description><pubDate>Tue, 07 Oct 2008 15:23:19 GMT</pubDate></item><item><title><![CDATA[IRS Eases Tax Rules On US Firms With Foreign Units]]></title><guid>http://cbs2chicago.com/business/irs.eases.rules.2.834611.html</guid><link>http://cbs2chicago.com/business/irs.eases.rules.2.834611.html</link><description><![CDATA[		The Internal Revenue Service, seeking to make cash more available
during the current credit crunch, has issued a rule making it easier
for U.S. corporations to bring home money made by their foreign
subsidiaries.									]]></description><pubDate>Tue, 07 Oct 2008 16:19:51 GMT</pubDate></item></channel></rss>