New Galleon Indictment: Federal prosecutors are expected to file criminal charges on Wednesday against Rajat K. Gupta, the most prominent business executive ensnared in an aggressive insider trading investigation, according to The New York Times.
Regulatory Review: President Barack Obama’s "tsunami" of new government regulations looks more like a summer swell. Obama’s White House has approved fewer regulations than his predecessor George W. Bush at this same point in their tenures, and the estimated costs of those rules haven’t reached the annual peak set in fiscal 1992 under Bush’s father, according to government data reviewed by Bloomberg News.
Smuggling Ring: Radio-control parts hidden in roadside bombs in Iraq have been traced to a company in Minnesota, prompting a federal grand jury Tuesday to indict five people in an alleged smuggling ring that sent up to 6,000 of the devices from this country to Iran for use against U.S. military personnel, the Los Angeles Times reports.
Edwards Case: When Republican U.S. Attorney George Holding indicted former Democratic presidential candidate and Sen. John Edwards in June for campaign finance law violations relating to gifts to his mistress, many North Carolina Democrats suspected politics were at play. When, weeks later, the prosecutor and former Jesse Helms aide resigned and announced he was running for Congress as a Republican, they were all but sure of it, Politico reports.
Poopgate: A Fairfax County jury deliberated for less than 20 minutes Tuesday before exonerating a Fairfax woman of failing to clean up after Baxter, the fluffy Westie-bichon frise mix she cares for, The Washington Post reports.