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Finance NetNet


  Tuesday, 5 Apr 2011 | 11:14 AM ET

Union Fund Targets BofA Executive's Home Sale Perk

Posted By: John Carney
A Bank of America branch.
Nell Redmond
A Bank of America branch.

An investment fund affiliated with an employee union will force Bank of America to ask investors to approve or reject a policy of making executives whole for real estate losses incurred in connection to corporate relocations.

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  Tuesday, 5 Apr 2011 | 10:08 AM ET

Is Justice Up for Sale?

Posted By: Lori Ann LaRocco

John Grisham's book "The Appeal" was a page turning story of how justice was up for sale. Now we're seeing this story unfold in real life.

Not on the East Coast or West Coast, but in the Midwest—Wisconsin. Once considered a local race, the election for Wisconsin Supreme Court Judge took a heated turn when Governor Scott Walker's historic legislation stripping collective bargaining rights for public employees passed. Now the battle has passed to the courts.

The Wisconsin court is technically "non-partisan" and the current elections is for just one of the court's seven seats. The make up of the current bench is four conservatives, a swing vote and two liberals. So the race between conservative incumbent Justice David Plosser and liberal candidate JoAnne Kloppenburg is essentially a battle over control of the court. The future of Walker's legislation hangs in the balance of justice.

The election is awash with campaign cash. I decided to ask Carrie Severino of The Judicial Crisis Network for her thoughts on this election battle. What could it mean for the future of business in our country? Severino is a former law clerk for Justice Thomas and lecturer at Georgetown Law School.

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  Tuesday, 5 Apr 2011 | 9:11 AM ET

Julian Robertson Is Reopening Tiger Management to Outside Investors for the First Time in a Decade

Posted By: Katya Wachtel, Business Insider
Julian Robertson, founder and former CEO of Tiger Management
Julian Robertson, founder and former CEO of Tiger Management

After a ten-year hiatus, Julian Robertson is finally reopening Tiger Management to outside investors, Lawrence Delevingne at AR reports.

The reopening has been rumored for months, and hit its peak when Robertson hired Tiger Management's former chief trader Gil Caffray \(who was most recently with Tiger cub Touradji Capital\) as chief investment officer in early January.

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  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 .

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  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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