Finance NetNet


  Wednesday, 20 Apr 2011 | 8:42 AM ET

Facebook Sends 'Friend Requests' to Washington

Posted By: Julia La Roche

Facebook sends 'friend requests' to Washington [WSJ]

Apple is slated to report earnings today just before Obama's "town hall" at Facebook. That's not all the Apple news today. Sources who spoke to Reuters say the iPhone 5 will ship in September [Reuters]

Yikes! The street is worried about Goldman's sluggish growth [NYTimes DealBook]

"Justice Department Seeks Data in Nasdaq-NYSE Antitrust Review" [Bloomberg]

This is from a Deutsche Bank employee familiar with Donald Trump: "In financial circles, it's pretty well known Trump is a deadbeat. " ouch! [The Atlantic]

»Read more
  Tuesday, 19 Apr 2011 | 4:57 PM ET

Everyone is Wrong on China and US Debt

Posted By: John Carney
  Tuesday, 19 Apr 2011 | 4:13 PM ET

Goldman: Our Lending and Investing Are Not Really Trading

Posted By: John Carney
The Goldman Sachs booth on the floor of the New York Stock Exchange
Getty Images
The Goldman Sachs booth on the floor of the New York Stock Exchange

Goldman Sachs pretty much mostly trades for clients.

Its principal investing and lending is mostly long term—and certainly isn’t something anyone who knows what they are talking about would call trading.

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  Tuesday, 19 Apr 2011 | 3:58 PM ET

Whitney to Goldman: What's the Endgame?

Posted By: Kate Kelly

We’ve been critical of Meredith Whitney on “The Strategy Session ”—especially when it came to her bearish call on the municipal-bond market. But Tuesday she deserves credit for posing what may be the investment community’s biggest question to Goldman Sachs on the heels of its first-quarter earnings .

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  Tuesday, 19 Apr 2011 | 3:43 PM ET

Huge Feud Erupts After Banking Power Couple Rips a 2-Year Old Puppy Away From a Co-Worker

Posted By: Courtney Comstock, Business Insider
Depressed Dog
Depressed Dog

Leslye Jordan-Whittaker and her husband, Ian, are taking a feud over dog ownership to a startling level.

It sounds like it all began when Ian Whittaker worked with Victoria Huxter at Liberum Capital and he asked her to take care of his dog, Bella, 18 months ago. Then, sometime within those 18 months, Whittaker asked for Bella back, but Huxter held onto him.

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  Tuesday, 19 Apr 2011 | 2:21 PM ET

Former Fed Gov. Mark Olson: Neither Budget Plan Is Ideal

Posted By: Lori Ann LaRocco

From the S&P downgrade, to the ever rising price of gasoline, to Federal Reserve Chairman Ben Bernanke's historic Q&A next week, economists have a lot to chew on these days. It's an economic dessert that could leave you with massive indigestion.

You've got layers of economic and geopolitical uncertainty, filled with political jabs, and the cherry on top is the 2012 Presidential election. Everyone and anyone between now and June will be saying that they are the leader Americans have been looking for when it comes to fixing the economic wrongs.

I'm reaching for the Rolaids already!

To get some perspective on all of this, I caught up with Mark Olson, former Federal Reserve Governor and Co-Chairman of Treliant Risk Advisors.

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  Tuesday, 19 Apr 2011 | 1:13 PM ET

'Non Financial Books Popular Among Anglo-Saxon Financiers'

Posted By: Courtney Comstock, Business Insider
Ed Freeman | Riser | Getty Images

As you probably know, one of the things you can do on is create a list of books that fit into one particular sort of category.

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  Tuesday, 19 Apr 2011 | 12:35 PM ET

Just How Many Muni Defaults Are There?

Posted By: John Carney
Simon Willms | Stone | Getty Images

We're all used to hearing about how municipal bonds almost never, ever default.

But good data on defaults is hard to come by. Over at Reuters Muniland blog, Cate Long has produced a chart based on information from Income Securities Advisor. As you can see , it shows more than 50 defaults in the first half of 2010. All told, it looks like there were 84 defaults last year.

This is surprising, because Standard & Poor's says there were just three defaults last year. Fitch says there was just one.

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  Tuesday, 19 Apr 2011 | 10:53 AM ET

Why the Supply of Beauties Outstrips Demand

Posted By: Cadie Thompson
Woman with curly hair
Smith Collection | Stone | Getty Images
Woman with curly hair

Bad news for all you fine females out there in search of a job. Looks like your good looks could actually be keeping you unemployed.

Why? Female recruiters are haters.

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  Tuesday, 19 Apr 2011 | 9:46 AM ET

Goldman’s Dirty Word: Trading

Posted By: John Carney
Goldman Sachs
Getty Images
Goldman Sachs

Sssssh. Don’t talk about trading.

The first quarter results released Tuesday by Goldman Sachs showed a 21 percent drop in net earnings from the year earlier—from $3.46 billion to $2.74 billion.

But the drop was less than Wall Street’s analysts expected—thanks in large part to strong results in bond and stock trading.

But far from crowing about its trading prowess, Goldman is keeping this fact very quiet. So quiet, actually, that the word “trading” doesn’t appear at all in its press release or accompanying materials.

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