investigation

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.

Attorneys General May Launch Foreclosure Investigation

Attorneys general in dozens of states plan to launch a joint probe into charges that banks used bogus paperwork to evict borrowers from their homes. The investigation will go after charges that lenders including GMAC, JPMorgan Chase (JPM) and Bank of America (BAC) forged documents and faked social security numbers in order to foreclose on homes, The New York Post said.

Feds Probe Honda Fit Over Reports of Failing Headlights

U.S. officials have begun an investigation into 133,000 Honda Fit models in response to consumer complaints about headlights that stopped working. The National Highway Traffic Safety Administration's preliminary investigation involves Fits from the 2007 and 2008 model years.

Google's Street View Banned in Czech Republic

Google's controversial Street View service, which has raised privacy concerns in countries around the world, got the heave-ho from the Czech Republic Tuesday after failing to file for the proper registration to operate in that country.

Legal Briefing: Race and College Admissions

In 2003, the U.S. Supreme Court held in Grutter v. Bollinger that race could be a "plus factor" considered in school admissions. On Tuesday, the 5th Circuit Court of Appeals will hear arguments in the first case to ask precisely what that means.

Authorities to Investigate Companies Related to Gulf Oil Disaster

Federal officials plan to investigate at least three companies involved in the Gulf oil spill as a part of a criminal probe that will determine if their relationship with federal regulators contributed to the disaster, The Washington Post reported. A team of investigators known as the "BP squad" will focus on BP (BP), Transocean (RIG), which leased the Deepwater Horizon rig to BP, and Halliburton (HAL), which finished cementing the well less than 24 hours before the rig exploded. It will also investigate if regulators went easy on the companies in exchange for money or other inducements. The Washington Post did not name its sources.

WSJ: Federal Criminal Probe Looks Into Goldman Trading

Federal prosecutors are conducting a criminal investigation into whether Goldman Sachs or its employees committed securities fraud in connection with mortgage trading, The Wall Street Journal reports. The Manhattan U.S. Attorney's Office is heading the preliminary investigation.

HP Investigated for Possible Bribery

Hewlett-Packard executives in Germany are being investigated for allegedly paying bribes to win a contract in Russia. The amounts of the bribes could be in the millions of dollars.