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  Tuesday, 1 Mar 2011 | 11:24 AM ET

US Company Close to Deal to Buy UK's Second Largest Electricity Generator

Posted By: Lori Ann LaRocco

U.S. energy supplier PPL Corp is close to a $6 billion cash deal to buy the UK electricity grid distribution business of E.ON AG, according to a person close to the deal.

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  Tuesday, 1 Mar 2011 | 11:08 AM ET

Prop Trading Moves Down the Hall at JPMorgan

Posted By: Ash Bennington
Getty Images

JPMorgan is moving its proprietary trading unit out of its investment banking division and into its asset management division.

The Journal reports on the current state of affairs:

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  Tuesday, 1 Mar 2011 | 10:20 AM ET

Organization for International Investment: Foreign Direct Invest Is on the Rise Again

Posted By: Lori Ann LaRocco

The deal between the Deutsche Boerse and the NYSE Euronext will be reviewed by The Committtee on Foreign Investment in the United States (CFIUS) and while insiders expect the deal to go through since it approved the Nasdaq OMX and Borse Dubai deal, the concerns about "national security" continue to be tossed around.

U.S. Subsidaries play an important role in the U.S. economy, some five percent of all jobs are created by them. I decided to ask Nancy McLernon President and CEO of the Organization for International Investment which represents U.S. subsidiaries, about her outlook on this merger and why U.S. Subsidaries are kicking up more cash to have a slice of American business.

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  Tuesday, 1 Mar 2011 | 9:33 AM ET

Uh Oh: Mark Zandi Just Said There Is 'Zero' Chance of a Major Muni Default

Posted By: John Carney
Photo by: John Carney

Just when I was starting to feel less worried about the municipal bond market, along comes Mark Zandi.

Bloomberg reports :

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  Tuesday, 1 Mar 2011 | 9:08 AM ET

Morgan Stanley Hacked?!

Posted By: Julia La Roche

"Middle East in Crisis: a Worst-Case Scenario" [CNBC.com's Patrick Allen]

US approves first deepwater oil drilling permit since BP oil spill [NYTimes]

Morgan Stanley hacked?! [Bloomberg]

What's Twitter really worth? [CNBC's Herb Greenberg]

European Court of Justice says men are not worse than women drivers [Reuters via CNBC.com]

Check out "Five Things We're Watching: March 1, 2011" [CNBC's Nik Deogun, Matt Levine]

Feeling a little low? Maybe you need to visit the world's first naked (yes, really naked) therapist [The Daily]

»Read more
  Tuesday, 1 Mar 2011 | 8:44 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin

So, this time next week, I will be a year older, but probably not a year wiser—just a week wiser. Here’s what I learned while you were working on REM sleep:

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  Monday, 28 Feb 2011 | 4:47 PM ET

Collect Call From Mr. Madoff: Will You Accept the Charges?

Posted By: Ash Bennington
  Monday, 28 Feb 2011 | 4:31 PM ET

The Big Tort

Posted By: Ash Bennington
Getty Images

Michael Lewis is being sued over his book The Big Short.

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  Monday, 28 Feb 2011 | 4:15 PM ET

Welcome to Nouriel Roubini's Scary New World of G-Zero

Posted By: Ash Bennington
Nouriel Roubini guest hosts Squawk Box on CNBC.
Photo: Oliver Quillia for CNBC.com
Nouriel Roubini guest hosts Squawk Box on CNBC.

Nouriel Roubini and political scientist Ian Bremmer have developed a new conceptual framework for understanding the economic and political challenges of the 21st century: The G-Zero World.

The phrase G-Zero is borrowed from the G-20, the club of finance ministers and central bankers of the world's twenty major economies. The group has grown in recent years: It was first the G-7 industrialized nations, then the G8 when Russia was added—in its current 20 nation form, it includes developing nations such as China, India, and Brazil.

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  Monday, 28 Feb 2011 | 3:51 PM ET

The Next Commodities Play: Hoarding Nickels

Posted By: John Carney
Burke/Triolo Productions | Getty Images

Looking for a commodities play that will let you hedge against inflation? The blog UnitedWeBland says you should hoard your nickels .

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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.

 

  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

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