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Finance NetNet


  Friday, 21 Jan 2011 | 10:53 AM ET

Tepper: It's No Longer "An Everything Will Go Up" Market

Posted By: Cadie Thompson
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  Friday, 21 Jan 2011 | 10:41 AM ET

10 Things That Would Make David Rosenberg a Bull

Posted By: Jeff Cox
David Rosenberg
David Rosenberg

If you’ve been a follower of David Rosenberg’s over the years and think there is absolutely nothing that would turn him bullish, think again.

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  Friday, 21 Jan 2011 | 10:20 AM ET

Here’s the Real Story of JPMorgan’s M&A Unit Shakeup

Posted By: John Carney
JP Morgan Chase
JP Morgan Chase

JPMorgan is shaking up its mergers and acquisitions business.

Jimmy Elliott, who has been running JPMorgan’s M&A unit for more than five years, will step aside. The M&A business will be run by JPMorgan’s Chris Ventresca and Jim Woolery, currently the head of the corporate department at Cravath, Swain & Moore.

Elliott will remain at the firm as relationship guy, brought in to work with the most important clients and the biggest deals.

But responsibility for day to day operations and staffing will rest with Ventresca and Woolery.

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  Friday, 21 Jan 2011 | 9:51 AM ET

Message to CEOs—Don't Underestimate The Middle Kingdom in The Innovation Race

Posted By: Lori Ann LaRocco

It's been a big week in Washington since Chinese President Hu Jintao arrived. Congressional members have not been afraid to speak their minds when it comes to China's economic, monetary and domestic policies.

But there is a another storm brewing that could impact many companies—the patent race.

While many have painted China as a land where pirating is king, the country is reinventing itself from a country of imitation to a country of innovation. I decided to talk about the innovation race and the fatal mistakes companies can make when it comes to China with Lewis Lee, IP attorney to US patent powerhouses like Microsoft on the dangers of under-estimating the Middle Kingdom.

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  Friday, 21 Jan 2011 | 9:10 AM ET

Banks Want a Piece of Fannie & Freddie?

Posted By: Ash Bennington

Bank of America Reports 2nd Straight Quarterly Loss on Mortgage Writedowns [CNBC] "In the fourth quarter, the bank recognized a $2 billion writedown in value of its mortgage business, and a $4.1 billion provision for future mortgage repurchase claims."

State Bankruptcy Options Discussed in Congress [NY Times] "Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers. Unlike cities, the states are barred from seeking protection in federal bankruptcy court. Any effort to change that status would have to clear high constitutional hurdles because the states are considered sovereign."

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  Friday, 21 Jan 2011 | 7:35 AM ET

Nicole Lapin's Short & Long List

Posted By: Nicole Lapin

Nicole Lapin, of CNBC's Worldwide Exchange, explains what she's long and what she's short this week.

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  Thursday, 20 Jan 2011 | 4:42 PM ET

BlackRock & PIMCO Are Kings of The TALF

Posted By: Ash Bennington
Petrified Collection | The Image Bank | Getty Images

A new study of the Fed's TALF program has discovered that BlackRock & PIMCO appear to be the clear winners in the Fed's TALF sweepstakes.

The information comes to NetNet from a recently published paper by Dr. Linus Wilson, an Assistant Professor of Finance at University of Louisiana at Lafayette.

I spoke with Dr. Wilson earlier today in his first interview about his new findings.

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  Thursday, 20 Jan 2011 | 4:37 PM ET

Schmidt Out of Google!

Posted By: Ash Bennington


JP Morgan Hires Cravath Lawyer To Run M&A. (Bloomberg) Bloomie is reporting that JP Morgan has just hired attorney James Woolery, a partner at Cravath, to head its M&A unit.

Schmidt Out of Google! [WSJ] "Google Inc. said co-founder Larry Page will replace Eric Schmidt as chief executive, a surprise change atop the Internet giant.

Mr. Page will take charge of day-to-day operations as CEO starting April 4. Mr. Schmidt will become executive chairman of the company, focusing externally on partnerships and government outreach.

Google Profits Surge [CNBC] "The online search and advertising giant turned in a profit of $8.75 a share excluding one-time items, up from $6.79 a share in the same period a year earlier. Sales rose to $6.4 billion in the last 3 months of 2010 excluding traffic-acquisition costs \(TAC\), against $4.954 billion last year."

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  Thursday, 20 Jan 2011 | 4:30 PM ET

Goldman Sachs Loses Top Bond Trader to Morgan Stanley

Posted By: Kate Kelly
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

In one of the first high-profile Wall Street defections of the year, Edward Glenn Hadden, former head of government-bond trading at Goldman Sachs, has been named Morgan Stanley’s new head of global rates trading, say people familiar with the matter.

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  Thursday, 20 Jan 2011 | 3:03 PM ET

SEC Passes New Rules for Disclosures on Asset-Backed Securities

Posted By: Ash Bennington

Earlier today, The Securities and Exchange Commission passed new regulations regarding banks treatment of asset-backed securities . The regulation affects two principal aspects of disclosure: First, disclosures made during the initial sale of the asset-backed security; second, ongoing disclosure related to the risk exposures of existing securities.

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