The report said David Sokol violated the company’s standards of business ethics and insider-trading policies, and was “misleadingly incomplete” in disclosures about his Lubrizol stock purchases.

Apple is scaling back how much information its iPhones store about where they have been and said it will stop collecting such data when consumers request it, as the company tries to quell concerns it was tracking iPhone owners.

BP said it expects to resume drilling in the Gulf of Mexico by the second half of 2011, little more than a year after the Deepwater Horizon disaster. The company also said replacement-cost profit for the first quarter fell 2% to $5.48 billion.

Exelon is expected to disclose that it has agreed to buy electricity generator and utility operator Constellation Energy Group in a stock-for-stock deal valued at about $8 billion.

Asian stock markets were higher, while the U.S. dollar fell across the board, as the U.S. Federal Reserve’s commitment to retain its ultra-easy monetary policy buoyed sentiment and drove riskier currencies up.

The wife of an insider-trading suspect describes paranoia and fear as the FBI monitors the family.