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  Friday, 1 Apr 2011 | 3:52 PM ET

Flashback 10 Years Ago Today: The Infamous Story Of Lee Munson

Posted By: Katya Wachtel, Business Insider
Lee Munson
CNBC
Lee Munson

10 years ago today, the New York Observer published a story about a 25-year old who moved from California to Manhattan and became a stockbroker.

He was "a tall, lanky, swaggering 25-year-old who... work[ed] at a top brokerage house in midtown, [wore] a lot of Prada and Gucci, [drove] a BMW and [was] married to an attractive 27-year-old woman who works in the art world."

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  Friday, 1 Apr 2011 | 3:36 PM ET

This Is the Most Important Document Released by the Fed

Posted By: John Carney
Federal_reserve_blg_seal3.jpg
Getty Images

The Fed never wanted to release the information about the discount window borrowers. So when the federal courts forced the release, the Fed through a temper tantrum.

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  Friday, 1 Apr 2011 | 2:19 PM ET

Kraft Foods FIghts Food Inflation With Smaller Servings

Posted By: Lori Spechler

Kraft Foods CEO Irene Rosenfeld says she is closely watching the rise in commodities prices.

We're exposed there in most of our categories, she said. The company, she says has been focused on investing in its franchises to cut costs and improve margins. Part of that process has been introducing smaller packages, smaller serving sizes and lowering costs across the chain.

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  Friday, 1 Apr 2011 | 1:18 PM ET

Refueling Price Hikes... Caddy Up!

Posted By: Stephanie Landsman
gas_nozzle_AP.jpg

The expenses are adding up for consumers at the gas pumps —with average unleaded fuel prices bubbling around $3.50 a gallon. Those prices are expected to go higher with crude oil climbing this week to 2008 levels.

The impact is expanding way beyond the gas stations— where higher commodity prices have been most visible.

If you go to the mechanic, open up the cupboards or just need some new golf equipment… there’s a greater chance you’re opening up your wallet wider this year.

» Read More
  Friday, 1 Apr 2011 | 1:10 PM ET

Does Silicon Valley Have an Insider Trading Problem?

Posted By: John Carney
Facebook
Facebook

Don’t be surprised if people connected with some of the hottest new tech companies find themselves hauled into court on insider trading charges.

Many in Silicon Valley apparently believe that insider trading rules don’t apply to buying or selling stakes in non-public companies like Twitter and Facebook.

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  Friday, 1 Apr 2011 | 11:51 AM ET

Wikileaks Can Dance!

Posted By: Cadie Thompson

It's Friday, here's a treat.

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  Friday, 1 Apr 2011 | 11:41 AM ET

Facebook Fired Employee for Insider Trading Ahead of Goldman Deal

Posted By: John Carney
Mark Zuckerberg
Getty Images
Mark Zuckerberg

Facebook fired a corporate development manager for buying Facebook shares in a private market transaction prior to the announcement of Goldman Sachs' investment in the company, according to the website TechCrunch .

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  Friday, 1 Apr 2011 | 10:11 AM ET

Morgan Stanley CEO James Gorman Lets His Top Lieutenants Lie to Him with Impunity?

Posted By: John Carney
  Friday, 1 Apr 2011 | 9:22 AM ET

Fed Let Largest Banks Turn Junk into Cash During the Financial Crisis

Posted By: Julia La Roche
NN_morning_call_200.jpg

Jobs report came in better than expected[CNBC.com via Reuters]

Fed let largest banks turn $118 billion in junk bonds into cash during financial crisis [Bloomberg]

"Nasdaq, ICE Make Hostile Play for NYSE Euronext" [NYTimes DealBook]

Shocker: Hedge fund managers make a lot of money! And "25 Hedge Managers Earn as Much as 441,400 Americans". [CNBC.com via NYTimes]

»Read more
  Friday, 1 Apr 2011 | 7:58 AM ET

Ted Kauffman on the Fiscal Fist Fight

Posted By: Lori Ann LaRocco
NN_c_suite_200.jpg

The battle brewing within the Republican Party is being closely watched by the markets and the Democrats alike. The budget tug of war between the Tea Party and the GOP getting so heated that many of my DC sources and corporate officials are worried that Paul Ryan's 2012 budget may not be tough enough for the ultra-conservatives in the GOP caucus.

I decided to get the perspective of former Delaware Senator and Congressional Oversight Panel Chairman Ted Kaufman on this fiscal fight.

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About NetNet

  • NetNet is where you'll find the low-down and the high jinks of Wall Street. It's the place for insider stories, trader gossip, and tales of the foibles of the moneyed crowd and the culture of finance.Wall Street news and commentary served fresh all day long.

 

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