The Morning Wrap

Petraeus: Threatening emails from a woman with whom CIA Director David Petraeus was having an affair led to the collapse of his career, The Washington Post reports. Paula Broadwell, a former military officer and a Petraeus biographer, sent the emails to Jill Kelley, who knew him socially.

Patent Wars: Apple Inc. and HTC Corp. have settled one of the first major global patent disputes over smartphone technology, Reuters reports. Apple in 2010 accused the Taiwanese handset company of infringing on patents for its iPhone technology.

Florida: President Barack Obama won Florida's 29 electoral votes on Saturday after a four-day count, The Associated Press reports. With nearly 100 percent of the vote counted, Obama secured 50 percent and Republican presidential candidate Mitt Romney had 49.1 percent, a difference of about 74,000 votes.

Joining Forces: New York's court employees are banding together to create a special fund to assist victims of Hurricane Sandy, the New York Law Journal reports. "In the wake of a disaster, the court family comes together," said Ronald Younkins, chief of operations for the state court system. "It is what we do after a disaster. We do what we can to assist members of our family."

Fraud Down: Global fraud levels have dropped, Corporate Counsel reports. "The most striking result of this year’s survey is that there has been notable decline in the level of fraud overall,” according to the authors of the sixth annual Global Fraud Survey from Kroll Advisory Solutions. “The proportion of companies reporting that they were affected by at least one incidence of fraud in the past year had dropped for the second year in a row, from 75 percent to 61 percent.”