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  Tuesday, 29 Mar 2011 | 11:25 AM ET

Could Peru Threaten Global Economic Recovery?

Posted By: Jeff Cox
Peru
Steve Allen | Brand X Pictures | Getty Images
Peru

The turmoil in Peru may not exactly match up to what’s happening in Libya, Japan or some of the other world’s hotspots, but traders are carefully watching political upheaval in the metal-producing South American nation.

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  Tuesday, 29 Mar 2011 | 10:41 AM ET

Does JPMorgan's AT&T Loan Signal a Credit Bubble?

Posted By: John Carney
JPMorgan3_new.jpg
Getty Images

The giant $20 billion bridge loan JPMorgan Chase made to finance AT&T's acquisition of T-Mobile USA may be a leading indicator that a new credit bubble is forming.

Moody's is warning that the loan might encourage other banks to take on too much risk in pursuit of underwriting fees, in a repeat of the mad rush to make loans we saw in the second half of 2007, according to the Financial Times .

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  Tuesday, 29 Mar 2011 | 10:09 AM ET

Crisis In Japan Costs Man Group $2 Billion

Posted By: John Carney
Rescue workers carry a body from the rubble in Rikuzentakata, Japan.
Getty Images
Rescue workers carry a body from the rubble in Rikuzentakata, Japan.

London's Man Group performed an nifty feat of media management today.

The Financial Times is reporting that the Man Group, the worlds second-largest hedge fund manager by assets under management, lost more than $2 billion over in a single month as a result of the crisis in Japan. That's not exactly the kind of thing investors like to read in headlines.

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  Tuesday, 29 Mar 2011 | 9:50 AM ET

Susan Tose Spencer: DeMaurice Smith Should Be Fired

Posted By: Lori Ann LaRocco
NN_c_suite_200.jpg

The latest chapter in the NFL lockout has Tom Brady along with nine other players filing their final brief in support of their claim ahead of the April 6 injunction hearing.

The class representatives claim in the brief that by barring the players from off season workouts and delaying the free agency period, the owners are inflicting "irreparable harm" on them.

I caught back up with Susan Tose Spencer, former Philadelphia Eagles' vice president, legal counsel and acting GM in 1984. Spencer was at the negotiation table during the strike of 1982 on the latest developments.

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  Tuesday, 29 Mar 2011 | 9:25 AM ET

Rajaratnam's Brother in Alleged Galleon Coverup

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Federal prosecutors considering manslaughter charges for BP managers [Bloomberg]

Did AT&T curry favor in the T-Mobile deal with 1,500 cupcakes? [NYTimes]

Private exchange wants to challenge NYSE, Nasdaq [CNBC.com via reuters]

Rajaratnam's brother in alleged Galleon coverup [WSJ]

Economic data today includes Case-Shiller Home Price Index and consumer confidence report [CNBC.com via AP]

»Read more
  Tuesday, 29 Mar 2011 | 7:26 AM ET

Was AIG Clueless or Criminal?

Posted By: John Carney
AIG
AIG

A top AIG executive’s testimony to the financial crisis panel reveals a profound lack of understanding of the mortgages derivatives business that helped cripple the insurance giant.

Andrew Forster headed up the London office of AIG Financial Products \(AIGFP\)—the group that sold credit protection on mortgage-backed securities. His group—sometimes called “ground zero of the financial crisis”—agreed with Goldman Sachs to provide credit protection on a mark-to-market basis for various mortgage securities.

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  Monday, 28 Mar 2011 | 4:44 PM ET

Muni Bonds in 'Deep Freeze'

Posted By: Ash Bennington
  Monday, 28 Mar 2011 | 4:16 PM ET

Two Reasons the Raj Defense Team Is Nervous About Today's Star Witness

Posted By: Katya Wachtel, Business Insider
Raj Rajaratnam
AP
Raj Rajaratnam

This afternoon, former Galleon trader Adam Smith, is expected to testify in the Raj Rajaratnam insider trading trial. He's already pleaded guilty to insider trading.

And the defense has already made attempts to diminish the damage his testimony could do their case.

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  Monday, 28 Mar 2011 | 2:52 PM ET

Libyan Rebels Form Their Own Central Bank

Posted By: John Carney
Libyan rebels progress westward from the town of Bin Jawad towards Muammar Gaddafi's home town of Sirte on March 28, 2011 as NATO finally agreed to take over full command of military operations to enforce a no-fly zone in Libya from a US-led coalition.
Aris Messinis | AFP | Getty Images
Libyan rebels progress westward from the town of Bin Jawad towards Muammar Gaddafi's home town of Sirte on March 28, 2011 as NATO finally agreed to take over full command of military operations to enforce a no-fly zone in Libya from a US-led coalition.

Libyan rebels in Benghazi say they have formed their own central bank.

The rebel group known as the Transitional National Council released a statement last week announcing that they have designated the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya, and that they have appointed a governor to the Central Bank of Libya, with a temporary headquarters in Benghazi, according to Bloomberg.

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  Monday, 28 Mar 2011 | 2:09 PM ET

Cash-Hoarding Companies Put Economy, Stock Rally at Risk

Posted By: Jeff Cox
money_lock_2_200.jpg
Tetra Image | Getty Images

All that cash piling up on corporate America’s balance sheet could end up hurting an economic recovery and further gains in the stock market.

At 5.96 percent, the ratio of cash to total company assets is nearing a 45-year peak, according to the Federal Reserve and Credit Suisse . Such a high total has advantages for sure—the ability to do deals and to return money to shareholders to name just two—but it also has drawbacks.

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