investigation

FBI Investigates Potential Insider Trading in Buffett's Heinz Deal

The FBI is looking into alleged insider trading in the options of ketchup maker H.J. Heinz Co before its blockbuster acquisition last week by Warren Buffett and Brazil's 3G Capital. The SEC says traders in Switzerland used a Goldman Sachs account to trade on purported inside knowledge of the transaction.

Goldman Sachs's Great Muppet Caper Comes to an End, For Now

After Greg Smith quit Goldman Sachs in the most public fashion possible -- slamming his employer in the pages of The New York Times -- the firm launched an investigation into his most explosive charge: that employees referred to clients as "muppets" in internal emails.

With Sokol Out, Who's in Line to Succeed Buffett?

David Sokol, a top executive at Berkshire, left Warren Buffett's empire abruptly on Wednesday. Although the SEC claims not to be investigating the reasons, and he says the choice was personal, its hard not to see a connection to Berkshire's recent purchase of Lubrizol, which was a big windfall for Sokol.

HP to Launch Investigation into Hurd's Departure

Hewlett-Packard is planning an independent investigation into the circumstances surrounding the forced resignation of CEO Mark Hurd last year and the compensation package he received. A shareholder lawsuit claims HP's directors wasted company money by awarding Hurd as much as $53 million in severance.

SEC Looking Into Social Networking Giants' Stock Trades

The biggest names in social networking -- Facebook, Twitter, Zynga and LinkedIn -- haven't yet gone public, but their stock does get traded by the very rich on private exchanges. Now, some of those transactions have raised the interest of the Securities and Exchange Commission.

Wellington, Janus Eyed for Possible Insider Trading

Wellington Management has received a document request from federal regulators looking into possible insider trading on the part of money managers with the firm, Bloomberg News reported, citing a person familiar with the process. Janus Capital Group also received such a request.