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Finance NetNet


  Tuesday, 5 Apr 2011 | 8:46 AM ET

Bernanke Downplays Inflation Threats

Posted By: Julia La Roche

Moody's downgraded Portugal [Yahoo Finance]

China raises interest rates...again [CNNMoney]

Texas Instruments is acquiring National Semiconductor [CNBC.com via Reuters]

Bernanke downplays inflation threats [WSJ]

"Geithner Sees 'Severe Hardships' If Debt Limit Isn't Raised" [Bloomberg]

Barclays CEO wants to increase bank's risk appetite [CNBC.com via Financial Times]

»Read more
  Monday, 4 Apr 2011 | 4:33 PM ET

Catwalking Through History

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

Watch The Thundercats Trailer

Posted By: John Carney

Admit it. You're a little excited about this.

»Read more
  Monday, 4 Apr 2011 | 4:17 PM ET

Massachusetts Official: Take Our Money Out of Bank of America

Posted By: John Carney
Photo: Oliver Quillia for CNBC.com

A local government official in Massachusetts has asked the state’s treasurer to pull funds from Bank of America.

Essex District Register of Deeds John O’Brien wrote a letter to Massachusetts State Treasurer Steven Grossman, asking that the Treasurer change depository banks.

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  Monday, 4 Apr 2011 | 3:22 PM ET

New Data Breach Means New Security Threat for Big Banks

Posted By: Ash Bennington
Nick Rowe | Photodisc | Getty Images

JPMorgan Chase, Citi, US Bank, and at least 15 other major US corporations have had customer data exposed in a new security breach at Epsilon Data Management.

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  Monday, 4 Apr 2011 | 3:12 PM ET

Credit Card Insider: The More You Know, the Less You Like the Durbin Amendment

Posted By: Lori Ann LaRocco

A group of conservative and libertarian groups have sent Congress a letter urging lawmakers to delay the implementation of the Durbin Amendment, a provision which would cap so-called "interchange" fees financial companies can charge on debit card transactions.

Visa and Mastercard together control around 90 percent of the market for debit card purchases. The Durbin Amendment would limit the amounts that retailers pay to Visa, Mastercard, and major banks. It was heavily supported by many of the biggest retail chains, including Walmart .

» Read More
  Monday, 4 Apr 2011 | 2:33 PM ET

The Next Real Estate Disaster

Posted By: Ash Bennington

The next catastrophe in residential real estate may be caused by the government's solution to the last catastrophe in residential real estate—and this time tax payers are directly on the hook for the losses.

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  Monday, 4 Apr 2011 | 2:12 PM ET

Can Detroit Afford Its Debt?

Posted By: John Carney
Detroit - The Motor City
Getty Images
Detroit - The Motor City

The startling collapse of Detroit’s population raises doubts about whether the city can afford to shoulder its enormous debt load.

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  Monday, 4 Apr 2011 | 12:42 PM ET

NUS Consulting Group: Oil Is at a Tipping Point

Posted By: Lori Ann LaRocco

The bullish drivers behind oil—the Mid-East crisis, weaker dollar and low interest rates—are not slowing down and that means the probability of a black gold rush should continue. But while events drive this commodity every higher over the short term, will the spike continue over the long term?

I decided to catch up with Richard Soultanian President of the utility cost management consulting firm, NUS, which recently published its forecast of market pricing through the end of 2011.

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  Monday, 4 Apr 2011 | 12:22 PM ET

Meet the Goldman Partner Who's Quitting to Work With Tony Hayward

Posted By: Courtney Comstock, Business Insider
Tony Hayward, BP Group Chief Executive
Eric Piermont | AFP | Getty Images
Tony Hayward, BP Group Chief Executive

The head of Goldman's investment banking unit, Julian Metherell, is leaving the firm to work with Tony Hayward, according to the Wall Street Journal.

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