Monday, 31 Jan 2011 | 3:44 PM ET

How to Block The Suez Canal

Posted By: John Carney

The good news is that it doesn't look like any one has posted a guide to blocking the Suez. At least, not in English.

»Read more
  Monday, 31 Jan 2011 | 3:15 PM ET

Fed Gave Market 250-point Gift, But Won't Be Able to Give More: Nomura

Posted By: Jeff Cox

In case you’re wondering what a post-QE2 stock market might look like, Nomura Securites strategist Bob Janjuah has an answer, and it’s not pretty.

» Read More
  Monday, 31 Jan 2011 | 3:04 PM ET

Abby Joseph Cohen Is a Victim of Goldman’s Banal Business Standards

Posted By: John Carney
Abby Joseph Cohen
Abby Joseph Cohen

The New York Times magazine gave famed Goldman investment strategist Abby Joseph Cohen a prominent interview in the magazine this Sunday. It didn’t go well.

Deborah Solomon typically does a good job in her interviews—eliciting informative responses on complex topics in a relatively short question-and-answer format. As someone who occasionally has to interview people, I know how hard this can be.

» Read More
  Monday, 31 Jan 2011 | 2:40 PM ET

Why Is Wall Street So Addicted to Prestige Colleges?

Posted By: John Carney
Thomas Barwick | Digital Vision | Getty Images

A recent paper by Kellog management professor Lauren Rivera “uncovers” something most of us already know: elite investment banks, consultancies and law firms are education snobs.

» Read More
  Monday, 31 Jan 2011 | 1:25 PM ET

'Mid-East Middleman' on The Egypt Crisis and What It Means for Business 

Posted By: Lori Ann LaRocco

Fear has taken a grip over the markets as images of rioting in Egypt dominate television screens and headlines.

The Proverb quote, “Better the Devil you know than the Devil you don't" is applicable because of the many unknown questions surrounding the "what ifs" of Mubarak stepping down, who would take his place and if the Suez Canal will remain open.

I decided to speak with one of my close contacts, who many CEOs coordinate with when working in the Middle East. He is often refered to as the "Mid-East Middleman".

His name is Mac McClelland, CEO of Center House Limited, which provides business development and business advisory services in the Middle East and Asia. McClelland is also the President and Chief Executive Officer of The Middle East Luxury Marketing Council and the former General Manager of Enron Middle East. I have been calling Mac since the days of "Shock and Awe" and his insight and depth of contacts into the region is why so many C-Suites call on him to help navigate through the volatile region.

» Read More
  Monday, 31 Jan 2011 | 12:29 PM ET

Money Manager: 'Egypt Is Going to Have Problems With Their Growth'

Posted By: Cadie Thompson

Egypt is going to face some serious issues with its growth, David Dorsey, who runs the Middle East business for Alden Global Capital, said Monday.

Dorsey has been on the ground in Egypt since Thursday morning researching and trying to get ahead of the actual news, he said.

"I'm just walking around the city, I think that's the most important thing, to see really what is happening, what are people thinking, what are locals doing," Dorsey said. "If you just look around, no businesses are open, so you have to assume there is no GDP being created. So you have to realize Egypt is going to have some problems with their growth. Everybody expects it to grow 5 to 8 percent, but you have to realize that's probably not going to happen this year."

»Read more
  Monday, 31 Jan 2011 | 12:17 PM ET

Egyptians Running Out of Food

Posted By: Ash Bennington
Egyptian demonstrators demanding the ouster of President Hosni Mubarak, gather around the national television building guarded by members of the Presidential guard in Cairo on January 28, 2011.
Khaled Desouki | AFP | Getty Images
Egyptian demonstrators demanding the ouster of President Hosni Mubarak, gather around the national television building guarded by members of the Presidential guard in Cairo on January 28, 2011.

Food stocks in Egypt are running dangerously low.

» Read More
  Monday, 31 Jan 2011 | 10:58 AM ET

Walking Away in Spain

Posted By: Ash Bennington

You can now walk away from your house in Spain—even if it has negative equity—just like you can in America.

Historically, the so-called jingle mail phenomenon—where borrowers walked away from mortgages when they were underwater—was relatively rare in Spain. The reason was simple: Spanish banks had 'full recourse' to go after the defaulting creditor's futures assets—often for decades.

» Read More
  Monday, 31 Jan 2011 | 9:16 AM ET

Goldman's Blankfein Gets a $3.6 Million Raise

Posted By: Ash Bennington

ExxonMobil beats the street with fourth quarter profits of $1.85 per share—up 45 percent from the same period last year. [CNBC]

The pressure from the opposition is mounting in Egypt. [WSJ]

Violence and looting are major concerns in Cairo. [Financial Times]

Goldman's Blankfein gets a $3.6 million raise. [CNBC via NY Times]

"Global shares continued to slide on Monday , while Europe's benchmark Brent crude was just short of $100 a barrel on fears political unrest in Egypt could spread among regional oil-producing nations." [Reuters]

Chinese inflation may reduce its trade deficit with the U.S. [NY Times]

Treasuries Drop on Speculation Report Will Show Personal Spending Climbed . [Bloomberg]

Syrian President Bashar al-Assad, who took power after his father's death,has signaled an openness to greater reform. [Wall Street Journal]

Sanofi and Genzyme have signed a nondisclosure agreement to discuss a possible merger. [DealBook]

In the movie business, never write off Harvey Weinstein. ("Remember the benevolent Bruce Willis character in 'The Sixth Sense' who wandered through the whole movie not knowing he was dead? That was Harvey Weinstein, except for the benevolent part.") [NY Times]

»Read more
  Friday, 28 Jan 2011 | 4:52 PM ET

Indices Tumble on Investor Fears About Egypt

Posted By: Ash Bennington

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."

Wall Street