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  Wednesday, 6 Apr 2011 | 11:32 AM ET

James Woolsey Returns to Run CIA—In a Musical Comedy (Yes, I'm Serious.)

Posted By: Ash Bennington
R. James Woolsey, 16th Director of Central Intelligence
Source: CIA
R. James Woolsey, 16th Director of Central Intelligence

James Woolsey, the former director of the CIA under Bill Clinton, is returning to his old role—this time in a musical comedy.

No, you don't need to check the date: It's not an April Fools' joke. Woolsey, who is now involved in the venture capital world, will be playing the role of CIA director in select performances of a new musical called 'John Goldfarb, Please Come Home!'

» Read More
  Wednesday, 6 Apr 2011 | 10:43 AM ET

Republican Budget Slashes Renewable Energy Loans

Posted By: John Carney
GOP symbol and cash
Mike Kemp | Getty Images
GOP symbol and cash

One of the hidden gems of the Republican budget plan is the elimination of the Department of Energy’s clean energy loan program .

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  Wednesday, 6 Apr 2011 | 10:00 AM ET

SEC Wanted Information on BofA's Reserves for Loan Repurchase

Posted By: Ash Bennington
Bank of America branch, New York City.
Oliver Quillia for cnbc.com
Bank of America branch, New York City.

Bank of America was pressed by the Securities and Exchange Commission to increase their level of disclosure on repurchase reserves related to bad mortgages, according to documentation that was released yesterday .

The letter quotes the SEC as asking BofA to perform the following:

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  Wednesday, 6 Apr 2011 | 9:20 AM ET

Risk of Government Shutdown Grows

Posted By: Julia La Roche
NN_morning_call_200.jpg

G7 Yen Intervention Saved Stocks [CNBC.com]

"Bernanke Faces Possible Fed Split on Maintaining Stimulus" [Bloomberg]

US and Columbia are expected to announce a free-trade deal today [WSJ]

Risk of government shutdown grows [CNNMoney]

Here is the SEC's plan to reduce market volatility [CNBC.com via Reuters]

Gold hits fresh record highs [CNBC.com via Reuters]

»Read more
  Tuesday, 5 Apr 2011 | 6:58 PM ET

Paul Ryan's Budget Plan: A Breakdown

Posted By: Ash Bennington
  Tuesday, 5 Apr 2011 | 2:22 PM ET

ANALYST KINNUCAN SHAKES DOWN CITADEL: The Feds Wanted Me to Wiretap You and I Didn't—So Pay Me Already

Posted By: Courtney Comstock, Business Insider
John Kinnucan
CNBC
John Kinnucan

As the fallout from the government's huge insider-trading investigation continues to spread, an analyst at the center of it is trying to collect a bill owed him by a former client, hedge-fund giant Citadel—which may also be under investigation.

The analyst, John Kinnucan, has been trying to collect $50,000 from Citadel for months. And last week, fed up with not getting his money, Kinnucan sent an email directly to Citadel boss Ken Griffin trying to "shame" him into paying the bill.

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  Tuesday, 5 Apr 2011 | 1:19 PM ET

Bernanke an Inflation Pollyanna? Bill Gross Thinks So

Posted By: Jeff Cox
Federal Reserve Bank Chairman Ben Bernanke
Getty Images
Federal Reserve Bank Chairman Ben Bernanke

For monetary policy hawks, Fed Chairman Ben Bernanke’s latest strategy could be seen as a small victory. The central bank head at least has gotten around to mentioning inflation, even if he isn’t quite ready to do anything about it.

Bernanke delivered a policy speech Monday in which he declared recent inflation pressures to be “transitory” and of no major threat to the economic recovery. Ultimately, he did acknowledge that his assumptions could be wrong and promised to monitor the situation closely, but gave little indication of major care about the inflation problem.

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  Tuesday, 5 Apr 2011 | 12:56 PM ET

Facebook Launches Insider Trading Policy

Posted By: John Carney
Facebook
Source: facebook.com
Facebook

Facebook has implemented a policy prohibiting employees from selling shares to other investors.

The policy was announced last week, according to people familiar with the matter.

Jessica Vascello first reported on the policy for the Wall Street Journal.

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  Tuesday, 5 Apr 2011 | 12:04 PM ET

Facebook Is Not Immune From Insider Trading Rules

Posted By: John Carney
Mark Zuckerberg
Getty Images
Mark Zuckerberg

One of the questions I keep getting asked is why insider trading law should apply to an "unregulated" company like Facebook.

The truth is that Facebook is not unregulated.

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  Tuesday, 5 Apr 2011 | 11:14 AM ET

Union Fund Targets BofA Executive's Home Sale Perk

Posted By: John Carney
A Bank of America branch.
Nell Redmond
A Bank of America branch.

An investment fund affiliated with an employee union will force Bank of America to ask investors to approve or reject a policy of making executives whole for real estate losses incurred in connection to corporate relocations.

» Read More

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