CNBC.com's News Now

Friday, Mar. 07, 2008

1. CEO Pay Hearing: Angelo Mozilo: Countrywide's Angelo Mozilo testifies in front of the House Oversight and Government Reform Committee about why he received a large payout even though his company lost money due to the mortgage crisis. 2. PIMCO's Bill Gross on Liquidity: Bill Gross, founder & CIO of PIMCO, discusses his thoughts on the Fed's unprecedented move to unfreeze the credit markets. 3. Stop Trading, Listen to Cramer! Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett and even has a mini-rant about the administration's attitude that "the fundamentals are sound." 4. Jobs, the Fed & Wall St.: CNBC's Steve Liesman takes a look at the February jobs report, which was the worst jobs report in five years, and the Fed's unprecedented move to unfreeze the credit markets. 5. Ambac CEO: The bond insurer raises $1.5B, with Michael Callen, Ambac CEO and CNBC's Michelle Caruso Cabrera. Mogreet's Message: Send Videos Instead Of Texting Text messaging is huge with more than a billion texts sent per day. But why bother with words when you can send a video? Julia Boorstin blogs on a company that's got the video technology--now. Click here to view posting.

VIDEO OF THE WEEK Buffett Watch: Highlights from Warren Buffett's 3-hour appearance on Squawk Box, with CNBC's Michelle Caruso Cabrera.

BLACKSTONE EARNINGS: 2007's most anticipated IPO hasn't lived up to the hype. Blackstone stock has plunged (and along w/ it, Steve Schwarzman's net worth), roughly 50%, since its listing. Amidst the cascading financial problems du jour, Blackstone reports its quarterly earnings before the bell. Melissa Lee digs through the report and follorw news from their conference call to offer insight and analysis. MALONE & DILLER FIGHT FOR IAC: John Malone and Barry Diller are headed to a Delaware courtroom starting Monday to settle their dispute over the control structure of four IAC units that could be spun off. The case hinges on whether Diller (as CEO of IAC) is obligated to appease the company's shareholders at-large or specifically, its majority shareholders: Malone's Liberty Media. The trial is set to begin at 9am. David Faber and Rebecca Jarvis monitor for news and headlines. MISSING PARTS: Phil LeBeau offers an update on how GM's been impacted by American Axle strike, since 13 more plants are expected to be idled next week without the American Axle parts. THREE-LEGGED RACE: The Clinton camp wrapped up primary success last week, but will Hillary & Co. be able to keep up the momentum? The war of words continues across, and within, party lines. Portfolio Watchlist Insider Trends Financial Glossary Stock Screeners Fund Screeners Earnings Screeners

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