Enter multiple symbols separated by commas

Finance NetNet


  Wednesday, 26 Jan 2011 | 8:38 AM ET

Waking up With Nicole Lapin

Posted By: Nicole Lapin

No more waiting for Wednesday, you Lisa Loeb fan you. Here's what you may have missed while you were out celebrating the first SOTU of 2011 into the wee morning hours:

» Read More
  Tuesday, 25 Jan 2011 | 4:44 PM ET

SEC Votes for Shareholder's 'Say on Pay'

Posted By: Ash Bennington


Blackrock Profits Double on Rising Asset Prices [Financial Times] "BlackRock, the world's largest money manager, more than doubled earnings in the fourth quarter as rallying markets lifted assets under management. Boosted by the $13.5bn takeover of Barclays Global Investors in late 2009, BlackRock reported earnings well ahead of Wall Street expectations. Net income jumped from $256m in the fourth quarter of 2009 to $657m in the last three months of 2010 as revenues rose from $1.54bn to $2.49bn."

SEC Votes for Shareholder's 'Say on Pay' [Business Week via Bloomberg] "The U.S. Securities and Exchange Commission gave shareholders the right to weigh in on pay packages for top executives to increase scrutiny of compensation practices blamed for fueling Wall Street risk-taking. SEC commissioners voted 3-2 today to enact the say-on-pay measure that will subject compensation plans to non-binding shareholder votes as often as once a year. The proposal is part of the agency's rulemaking under the Dodd-Frank Act."

» Read More
  Tuesday, 25 Jan 2011 | 4:32 PM ET

CEO Guest List For State of the Union Hints at Tax Reform

Posted By: John Melloy
President Barack Obama
Getty Images
President Barack Obama

Among those sitting in the box with First Lady, Michelle Obama, for the President’s State of the Union speech tonight will be Wendell Weeks, chief executive of glass maker Corning , an iconic American exporter that garners nearly three-fourths of its sales overseas. A mention by the President of a temporary holiday on the 35 percent repatriation tax for multinationals surely would get Weeks on his feet.

It might also add give reason for Ursula Burns, CEO of another classic American company, Xerox , to cheer because her company gets nearly half of its profits from overseas. GE CEO Jeff Immelt, who was just named chair of the President’s council on jobs, runs a company which has 54 percent in foreign sales, according to data gathered by Strategas Research.

While the President certainly won’t lead his speech with a corporate tax break proposal, investors and pundits ready to read between the lines tonight believe Obama may hint at some sort of corporate tax “reform.” An obvious first step in that direction would be a relaxation of this repatriation tax because the President could spin it as a way to bring more cash home for companies to build plants and hire workers. » Read more on Behind The Money

»Read more
  Tuesday, 25 Jan 2011 | 4:15 PM ET

The Case Against Austerity

Posted By: Ash Bennington
Demonstrators block a police car on the parking lot of the Madrid transport bus company during the general strike held in whole Spain in Madrid as unions launched a 24-hour general strike all around Spain to protest tough government labor reforms and austerity measures.
Josep Lago | AFP | Getty Images
Demonstrators block a police car on the parking lot of the Madrid transport bus company during the general strike held in whole Spain in Madrid as unions launched a 24-hour general strike all around Spain to protest tough government labor reforms and austerity measures.

The companion piece to my earlier Case for Austerity — in light of today's dismal economic data from the UK.

Perhaps the strongest argument in favor of fiscal stimulus—and against austerity—is history itself: Specifically, the double dip ravages of the worst economic crisis in living memory—The Great Depression.

» Read More
  Tuesday, 25 Jan 2011 | 3:48 PM ET

The Greatest Internet Scam Ever

Posted By: John Carney

Nicholas Carlson points out that the overwhelming portion of AOL’s profits come from selling people internet access they don’t need.

» Read More
  Tuesday, 25 Jan 2011 | 3:12 PM ET

The Case for Austerity: A Primer

Posted By: Ash Bennington

The dismal economic data from the UK today prompted me to discuss the 'austerity debate' in my last post .

Here's a primer on the case for austerity.

» Read More
  Tuesday, 25 Jan 2011 | 2:51 PM ET

Meredith Whitney Gets Dissed Again

Posted By: Cadie Thompson

Meredith Whitney's dismal prediction for municipality defaults is wrong and Whitney should probably do some more homework on the muni bond market, said Suzanne Shank, CEO and co-founder of Sibert Brandford Shank & Co, a municipal investment bank.

»Read more
  Tuesday, 25 Jan 2011 | 2:23 PM ET

Is Gold Breaking Down?

Posted By: Lori Spechler
Diamond Sky Images | Photodisc | Getty Images

Futures trading down to its lowest level in about 3-months has market watchers asking if this is the end of the big bull run in gold?

» Read More
  Tuesday, 25 Jan 2011 | 2:05 PM ET

Solutions to Cleaning up Corporate Boards 

Posted By: Lori Ann LaRocco

The bad decisions made by some of "Wall Street's finest" during the financial crisis are still being felt. Today the Securities and Exchange Commission will be meeting to consider implementing parts of the Dodd-Frank bank-reform law—including the all important shareholder votes on executive compensation.

CEO compensation becomes a hot topic at the end and the beginning of every year. Its especially juicy when a CEO gets a golden parachute that makes you so mad that you, yourself, could fail your way up to a fortune.

But the anger and disgust should not just be directed to the corner office. The boards should also be looked at. We all know boards are not perfect, so what needs to be done to make sure its not a bunch of golf buddies around a table? I decided to speak again with Sydney Finkelstein, Steven Roth Professor of Management at the Tuck School of Business at Dartmouth College.

» Read More
  Tuesday, 25 Jan 2011 | 1:23 PM ET

Bear Stearns Accused of Double-Dipping on Bad Mortgages

Posted By: John Carney
Tom Grill | Photographer's Choice RF | Getty Images

Court papers that JPMorgan Chase fought to keep under seal claim that former Bear Stearns mortgage executives who now run mortgage divisions of Goldman Sachs and Ally Financial cheated and defrauded investors in mortgage-backed securities.

Teri Buhl has some of the colorful details :

» Read More

About NetNet

  • NetNet is where you'll find the low-down and the high jinks of Wall Street. It's the place for insider stories, trader gossip, and tales of the foibles of the moneyed crowd and the culture of finance.Wall Street news and commentary served fresh all day long.


Wall Street