Defending: Attorney General Eric Holder Jr. yesterday defended the timing of the U.S. Justice Department disclosure of the David Petraeus probe. “What we did was conduct the investigation in the way we normally conduct a criminal investigation,” Holder told reporters. Petraeus is on Capitol Hill this morning in a closed session to testify about the attack in Benghazi.
On demand: Prosecutors are questioning FedEx and United Postal Service in a probe of online sales of prescription painkillers, The Wall Street Journal reports. Federal investigators want to know whether the companies aided and abetted illegal drug sales.
Accountable: BP plc will pay a record criminal fine and penalties for its role in the 2010 explosion of an oil rig in the Gulf of Mexico. The New York Times reports the case marks a shift to holding individuals, not just companies, accountable for alleged wrongdoing. Family members of one crewman killed onboard the Deepwater Horizon rig says the plea deal is little comfort for his family.
Liquidated Twinkies: From Reuters today: "Hostess Brands Inc, the bankrupt maker of Twinkies and Wonder Bread, said it had sought court permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers." Hostess is planning to file court papers today in U.S. Bankruptcy Court in White Plains, N.Y.
Getting closer: A federal judge in San Francisco is back reviewing a proposed $20 million settlement in a class action over Facebook Inc.'s "sponsored stories" advertising feature, The Recorder reports. The judge, Richard Seeborg, declined to approve the initial settlement.
Rejected: The New York Times reports today: "The United States Court of Appeals for the Sixth Circuit ruled, 8 to 7, on Thursday that Michigan’s voter-approved 2006 ban on affirmative action was unconstitutional."
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