Whale mis-marks: When JPMorgan announced second-quarter earnings on Friday, the firm said it would restate the previous period's results to include an additional $459 million in losses after executives discovered that traders in the firm's chief investment office may have intentionally overvalued positions. That explanation doesn't make sense to some former employees of the firm, but it's sure to interest government investigators.

Suing Goldman: A married couple that hired Goldman Sachs to sell its voice recognition software company is suing the firm for more than $1 billion.

Age of activism: Bill Ackman's $2 billion bet on Proctor & Gamble signals a new era in activist investing, says The Wall Street Journal. Evolving corporate governance standards and impatient investors seeking better corporate results have allowed activists such as Mr. Ackman, Carl Icahn, Ralph Whitworth and Nelson Peltz to take aim at bigger companies.

Nearing settlement: Negotiations to settle a Department of Justice investigation into HSBC's anti-money laundering efforts are picking up pace, The Journal reports. Bank executives will appear before the Senate tomorrow to testify on related issues, including how terrorist organizations and drug cartels may have taken advantage of lax compliance policies.

Bush on economy: "We can all agree that excessive risk-taking by financial institutions, irresponsible decisions by lenders and borrowers, and market-distorting government policies all played a role” in the financial crisis of 2008, former President George W. Bush writes in the forward to The 4% Solution: Unleashing the Economic Growth America Needs.

Stamp of approval: Climate certifications are coming to corporate bonds.

Teach-in: Occupy Wall Street, the summer camp.

Former Speaker of the House Newt Gingrich

Republican presidential candidate Newt Gingrich is having a tough enough time with front-runner Mitt Romney surging in the polls prior to the upcoming Florida primary. Now he may also have to contend with pesky questions about a government probe into the overseas business affairs of Las Vegas billionaire Sheldon Adelson, who may be the financial savior of  Mr. Gingrich's campaign.

Mr. Adelson's Las Vegas Sands Corporation has been under federal investigation since early 2011 by the Department of Justice and the Securities Exchange Commission for possible violations of the Foreign Corrupt Practices Act (FCPA). ABC News reports that corporate documents contain allegations of bribing officials on the Chinese island of Macau.

A separate civil suit filed in Nevada in 2010 alleges Mr. Adelson ordered Steven Jacobs, the former C.E.O. of Las Vegas Sands Corp's Chinese affiliate, to stay quiet about alleged entanglements "with Chinese organized crime groups, known as Triads." Mr. Jacobs's suit characterized Adelson's demands as "repeated and outrageous." Mr. Jacobs also claimed Mr. Adelson wanted him to essentially manipulate Macau officials to assist company business interests in the region.

Mr. Adelson, a long-time backer of conservative causes and Republican candidates, has given as much as $10 million to "Winning Our Future," a Super PAC supporting Gingrich's presidential campaign.

Mr. Adelson has appeared unruffled by the investigation, stating publicly that the lawsuit was "not a serious case" and he was "1,000 percent positive" that once the smoke has cleared "there won't be any fire below it." He also told the Wall Street Journal that Mr. Jacobs was "fired for cause" and the ex-CEO's charges are "outright lies an fabrications" originating "in delusion."

The Gingrich campaign didn't respond ABC's requests for comment on the story.

[ABC]

Google, Apple, Intel, Adobe, Intuit and Pixar have all agreed to quit putting in place crazy restrictions on hiring from each other, less than a week after HP and Intel fought over departing CEO Mark Hurd.

The DOJ got down to the brass tacks with this wonderful legalese.

"One of the principal means by which high tech companies recruit these types of employees is to solicit them directly from other companies in a process referred to as, "cold calling." This form of competition, when unrestrained, results in better career opportunities, the department said."

Yes, when people can offer you new jobs, that certainly can be good for your career. Wonder how much that insight cost the taxpayers.