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  Friday, 18 Mar 2011 | 3:43 PM ET

CEA: Administration Keeping Drilling Projects in 'Suspended Animation'

Posted By: Lori Ann LaRocco
NN_c_suite_200.jpg

Before President Obama leaves for Rio, he'll be reading a letter signed by 20 Governors calling on the President for more energy options.

It lays out the Governor's concerns over the EPA's policy and regulatory initiatives saying these regulations will "within the next five years which will significantly impact the energy industry, increase burdensome costs to consumers, and hurt the competitiveness of U.S. manufacturers."

In addition to their grievances with the EPA regulations and policies, the governors also added it is too early for the Administration to be tapping into the Strategic Petroleum Reserves saying "The SPR should only be tapped when we face both international crisis and domestic decline in resource capacity. We have not yet reached this point."

With all this focus on energy, I decided to ask Michael Whatley Vice President, Consumer Energy Alliance \(CEA\) on what is needed to not only stabilize energy prices and reduce our dependence off of foreign oil.

» Read More
  Friday, 18 Mar 2011 | 3:32 PM ET

Growing Alternatives to Pricey Cotton

Posted By: Stephanie Landsman
100% CRAiLAR Flax fiber
Source: Naturally Advanced Technologies
100% CRAiLAR Flax fiber

As cotton prices surge, companies are trying harder to duplicate the feel of the commodity with cheaper, durable fabrics.

The latest: Naturally Advanced Technologies.

» Read More
  Friday, 18 Mar 2011 | 3:13 PM ET

How the Revolving Door Works on Capitol Hill

Posted By: John Carney
doors_revolving1_200.jpg
Ryan McVay | Photodisc | Getty Images

When a senator leaves office, the lobbyists who once worked on the officeholder's staff lose about a quarter of their income, according to a new study from three economists at the London School of Economics .

» Read More
  Friday, 18 Mar 2011 | 2:28 PM ET

Haley Barbour: The President Is Road-Blocking Reasonable Ways to Increase America's Energy Supply and Create Jobs

Posted By: Lori Ann LaRocco
CNBC reported earlier this morning, Twenty Republican governors sent a letter to President Barack Obama airing their concerns on the regulations and policies of the U.S. Environmental Protection Agency (EPA). » Read More
  Friday, 18 Mar 2011 | 2:03 PM ET

Investors Betting Dividend Approvals to Push Bank Stocks Higher

Posted By: Jeff Cox
New York Stock Exchange
Photo: Oliver Quillia for CNBC.co
New York Stock Exchange

Whenever Wall Street gets news it expected the risk is always for a selloff, as traders generally price in the development ahead of time and then take profits.

That wasn’t the case, though, with the bank dividend announcements Friday, with investors cheered that some of Wall Street’s biggest names that had been on the hook to the government now will be able to start returning money to shareholders.

» Read More
  Friday, 18 Mar 2011 | 1:48 PM ET

Goodbye David Rosenberg

Posted By: Joe Weisenthal, Business Insider
David Rosenberg
CNBC
David Rosenberg

Sad news. David Rosenberg's daily letter "Breakfast With Dave" is going to a paid model. We'll miss him.

» Read More
  Friday, 18 Mar 2011 | 1:15 PM ET

Harvard MBA Index Flashes ‘Sell’ Warning

Posted By: John Carney
Harvard University
Paul Glamou | Aurora | Getty Images
Harvard University

The best and the brightest young business minds in America are once again flocking to Wall Street—and tripping an offbeat alarm bell for the markets along the way.

More Harvard M.B.A. graduates took jobs on Wall Street last year than the previous year, when the financial sector was still reeling from the crisis of 2008. Thirty-one percent the class of 2010 took jobs in “market sensitive” positions in the financial sector.

» Read More
  Friday, 18 Mar 2011 | 1:09 PM ET

Stress Test Winners: PNC, FITB; Losers: BofA, Citi, Morgan Stanley

Posted By: Jeff Cox
american_bank.jpg

The Fed’s bank stress tests long have been thought of as little more than a pro forma exercise to let Wall Street’s lucky and leveraged start to increase dividend payouts, but the lists of winners and losers could get interesting.

While at least four of the 19 banks that were tested under the new Basel III rules were considered lead-pipe cinches for approval, others were on the bubble. Results are expected to come today.

» Read More
  Friday, 18 Mar 2011 | 12:30 PM ET

McKinsey Should Investigate Gupta

Posted By: John Carney
Rajat Gupta
Umesh Goswami | The India Today Group | Getty Images
Rajat Gupta

I'm not sure if prosecutors are doing an effective job of proving the case against Raj Rajaratnam. But they certainly have proved that Rajat Gupta was a bad seed.

Tapes played during the Rajaratnam trial have Gupta revealing confidential merger discussions he was privy to as a member of the board of Goldman Sachs . That's bad enough.

But, as Evan Newmark points out, it may be even worse how blandly Gupta reacts to a discussion about confessed insider trader Anil Kumar.

» Read More
  Friday, 18 Mar 2011 | 11:17 AM ET

UN No-Fly Zone in Libya Appears to Work—Before Firing a Shot

Posted By: Ash Bennington
Libyans at the rebel-held eastern town of Brega celebrate after rumor spread that their fighters took over the town of Ras Lanuf from pro-Kadhafi forces during battles.
Roberto Schmidt | AFP | Getty Images
Libyans at the rebel-held eastern town of Brega celebrate after rumor spread that their fighters took over the town of Ras Lanuf from pro-Kadhafi forces during battles.

The Libyan government announced an immediate cease fire on Friday morning—just hours after the U.N. authorized the use of force against the Qaddafi regime to protect civilians.

The Libyan Foreign Minister, Moussa Koussa, is quoted by CNN as saying that Libya is "obliged to accept the Security Council resolution that permits the use of force to protect the civilian population," and that the Qaddafi regime will engage in "an immediate ceasefire and the stoppage of all military operations."

» Read More

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