U.S. Markets close in 5 hrs 58 mins

News Summary: China arrests foreign investigators

The Associated Press

INVESTIGATORS ARRESTED: China has arrested two corporate investigators, a Briton and an American who work in Shanghai, on charges of selling personal information about Chinese citizens.

PART OF INDUSTRY: Peter Humphrey and Yingzeng Yu, a married couple, are part of an industry of investigators who help corporate clients screen potential partners and employees, or attempt to detect embezzlement and other employee misconduct.

TIGHTENING CONTROLS: The arrests come as Beijing is tightening control over trade in information that can help companies find their way through China's secretive business world. Chinese leaders want the prosperity that comes from free-market competition, but see control over information as a tool to protect the Communist Party's monopoly on power.