Scams are back. Three guys from the 1983 batch of Wharton Business School have been accused of orchestrating one of the biggest hedge fund scams in a long time. This is a text book case of Insider trading. But not all news is sad news on the Wall Street. Most companies have posted Quarterly profits. In India, Lakshmi Mittal, the CEO of Arcelor Mittal threatened to quit all his projects from Orissa and Jharkhand. Ritika has strong views on the whole issue of land allocation for such projects which causes a lot of friction between the locals and the state government. In some sad news, Ranjan Das, SAP India head died of a massive heart attack.