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On Tuesday morning, former Charlotte Mayor Patrick Cannon has pleaded guilty to one count of honest services wire fraud, admitting to taking over $50,000 in bribes plus benefits in exchange for business favors.

On Monday, the US Supreme Court rejected the request of New York Times James Risen to intervene in a lower court decision that would force him to reveal his sources for his 2006 book "State of War: The Secret History of the CIA and the Bush Administration," Bloomberg reported.

A 90-day extension for an appeal briefing on a January decision that bars the operations of Chinese affiliates of the top four biggest accounting firms in the world has been approved yesterday, Bloomberg reported.