Heating Up: The battle over reshaping the country's financial regulation escalated on several fronts Wednesday, with President Obama stepping up his personal efforts to win Senate passage of an ambitious bill while senators from both parties fought to claim the anti-Wall Street mantle, the Washington Post reports.
Bribery Investigation: German and Russian authorities are investigating whether Hewlett-Packard Co. executives paid millions of dollars in bribes to win a contract in Russia, according to people familiar with the matter, The Wall Street Journal reports.
Ready to Fight: The biggest U.S. commercial banks will take their fight against disclosure of Federal Reserve lending in 2008 to the Supreme Court if necessary, the top lawyer for an industry-owned group said, according to Bloomberg.
Net Authority: The chairman of the Federal Communications Commission told a Congressional panel on Wednesday that a recent court ruling that the agency lacked authority to regulate the Internet should not prevent it from carrying out its plan to broadly expand the country’s high-speed Internet service, the New York Times reports.
Digital Combat: The Army intelligence officer nominated to lead the Pentagon’s new command devoted to warfare in cyberspace has warned Congress that policy directives and legal controls over digital combat are outdated and have failed to keep pace with the military’s technical capabilities, according to the New York Times.