Late on Friday, CNBC reported that Frank Quattrone was spotted in the Midtown Manhattan Offices of Invemed Securities, a brokerage firm run by Ken Langone. Langone reportedly met with Quattrone and former New York Stock Exchange Chairman Richard Grasso. The three later had lunch, CNBC said.

We know that Langone and Grasso like to meet over meatballs, but what was Quattrone doing there?
   
When CNBC inquired about a possible joint venture, Langone sent a statement to the business news outlet. According to a “Breaking News” email sent by CNBC, the statement said: “When we’re ready to announce our joint venture (CNBC) will be the first to know.”  
   
“They had lunch together,” Quattrone spokesman Bob Chlopak said to Reuters when we called about this (C’mon it’s late Friday and it’s slow right now). “The topic of discussion was probably food.”  Chlopak told Reuters that Quattrone also  instructed him to “tell any reporter who calls they’ll be the first to know when there is a new venture.”
 
(With reporting by Joseph Giannone)

(Photo. Frank Quattrone leaving Federal court in New York. Reuters.)