Bill Gross thinks conditions are ripe for a liquidity crisis, and he points a finger at his old firm for its potential to be at the center of the storm.» Read More
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!'
One of the hidden gems of the Republican budget plan is the elimination of the Department of Energy’s clean energy loan program .
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:
G7 Yen Intervention Saved Stocks [CNBC.com]
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]
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.
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.
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.
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.
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.
Goldman Sachs and Morgan Stanley would cease to exist under "living wills" drawn up to show how banks would handle bankruptcy in a crisis.
Oil's free fall could continue, with U.S. crude futures breaking $50 in the near future.
Last year saw a big shift in institutional investors in Greece, as it changed from developed to emerging market, according to eVestment.