Insider Trading: The arrest of a former hedge fund portfolio manager in one of the most lucrative insider trading schemes ever indicates that prosecutors may be setting their sights higher, the Associated Press reports.
Due Diligence?: When Hewlett Packard acquired Autonomy last year for $11.1 billion, some 15 different financial, legal and accounting firms were involved in the transaction - and none raised a flag about what HP said was a major accounting fraud, Reuters reports.
Labor Complaint: A union-backed group of Wal-Mart workers, OUR Walmart, said on Tuesday that it had filed a complaint with the National Labor Relations Board, asserting that Wal-Mart was making illegal threats to deter its employees from participating in protests scheduled for Black Friday, The New York Times reports. Also, the Times reports that Hostess Brands failed to reach a labor deal with a mediator.
Health Care: After surviving a Supreme Court decision and a presidential election, the Obama administration’s health-care law faces another challenge: a public largely unaware of major changes that will roll out in the coming months, the Washington Post reports.
Dumping BlackBerry: Research In Motion Ltd.’s BlackBerry is being dropped by a U.S. government agency that cited the device’s failures. The National Transportation Safety Board, which investigates plane accidents, is switching to Apple Inc.'s iPhone 5, Bloomberg reports.