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Finance NetNet


  Thursday, 24 Mar 2011 | 11:59 AM ET

Goldman Clients Wonder About Their Rank

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 chief Lloyd Blankfein admitted that not all Goldman Sachs clients are created equal in the eyes of the firm.

The firm ranks clients in terms of their importance.

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  Thursday, 24 Mar 2011 | 11:33 AM ET

Joe Mason: The Gulf Drilling Moratorium Is Costing US a Billion Dollars a Year

Posted By: Lori Ann LaRocco

On April 20th one year ago, the BP Deepwater Horizon exploded. During the past years, we have heard from the environmentalists as well as the representative of big oil on their positions on the defacto moratorium that has stopped deep water drilling in the Gulf of Mexico.

But caught in the middle of this energy tug of war are the Americans who call the Gulf home. We always talk about the U.S. economy as one entity. But in reality, the U.S. economy is a jigsaw puzzle of local economies.

Dr. Joseph Mason, the MasonHermann Moyse, Jr./Louisiana Bankers Association Endowed Professor of Banking at Louisiana State University and Senior Fellow at The Wharton School, has researched several reports on the economic cost of the Gulf Moratorium. I decided to ask him based on his latest research if things are getting better.

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  Thursday, 24 Mar 2011 | 10:55 AM ET

California’s Tax Hike Did Not Work

Posted By: John Carney

California’s tax collections grew at around half of what the state projected for 2010—indicating that the state’s fiscal situation may be even more dire than previously understood.

California’s tax collections grew 3.79 percent last year, according to data released by the US Census Bureau . At the start of 2010,California was projecting revenue growth of 6.5 percent.

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  Thursday, 24 Mar 2011 | 10:18 AM ET

Have Consumers Gone on Strike?

Posted By: John Carney
Man shopping for clothes
UpperCut Images | Getty Images
Man shopping for clothes

The economy may be in worse shape than many economists and businesses expect.

Orders for US durable goods—manufactured items expected to last more than three years—were predicted to rise 1.5 percent overall, and to rise 2.5 percent excluding the volatile transportation sector.

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  Thursday, 24 Mar 2011 | 9:06 AM ET

Lloyd Blankfein Prefers Voicemail to Email When Checking Goldman's Daily Profit

Posted By: Julia La Roche

Portuguese bond yields spike; bailout supposed to come 'soon' [CNBC.com]

Lloyd Blankfein prefers voice mail to email when checking Goldman's daily profit [Bloomberg]

Toyota to US plants: 'prepare to shutdown' [CNN Money]

Batch of earnings today includes Best Buy, Research in Motion and Oracle. Get your earnings coverage here .

Economic data includes initial jobless claims and durable good orders. [CNBC.com via Reuters]

»Read more
  Wednesday, 23 Mar 2011 | 5:41 PM ET

Austerity Measures Rejected by Portuguese Parliament

Posted By: Ash Bennington
  Wednesday, 23 Mar 2011 | 4:38 PM ET

Are European Protectionists Trying to Stop Takeovers?

Posted By: John Carney
PhotosIndia.com | Getty Images

Since almost all regulation of merger and acquisition activity entrenches management and hurts shareholders, it’s not too surprising that the 172-page consultation document released by the U.K.’s takeover panel recommends a host of measures that will make it harder to oust bad executives through corporate takeovers.

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  Wednesday, 23 Mar 2011 | 4:14 PM ET

Are Banks Paying Too Much in Dividends?

Posted By: John Carney

Moves by many banks to reintroduce or raise their dividends following the Federal Reserve’s stress tests suggests that the tests may have accidentally created an non-economic need for banks to pay higher dividends.

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  Wednesday, 23 Mar 2011 | 3:28 PM ET

Why Your Next Trading Floor Might Be on a Ship

Posted By: John Carney
Radio Caroline
Evening Standard | Getty Images
Radio Caroline

High frequency trading firms may soon find themselves contemplating building a trading floor on transatlantic ships.

High-frequency trading that attempts to take advantage small price differences in the price of stocks, bonds or derivatives trading on two geographically removed markets requires super-fast trading.

Basically, the traders are trying to catch a fleeting arbitrage opportunity before the rule of one price kicks in and erases it.

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  Wednesday, 23 Mar 2011 | 2:49 PM ET

If TARP is So Profitable, Why Not Bail Out Everyone?

Posted By: Jeff Cox
US Capitol Building with cash
US Capitol Building with cash

As Treasury feeds us a steady diet of how much money taxpayers are making off the Troubled Asset Relief Program, you have to wonder why nobody thought of this idea sooner.

After all, if the worst that can happen from the collapse of the banking system is that we make money rescuing failing institutions, then who really cares how much risk they take? Can the Department of Bank Bailouts be far behind?

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