LAS VEGAS - "I love how he criticizes hedge funds yet he really had the first hedge fund. He criticizes activists but he was the first activist," said hedge fund mogul Daniel Loeb. Full Article
NEW YORK/SAN FRANCISCO - The Federal Reserve is sketching out plans to prevent an abrupt contraction in its massive balance sheet next year, when some $500 billion in bonds expire and risk disrupting markets and the U.S. economic recovery.
SACRAMENTO, Calif. - California regulators adopted the first statewide rules for the permitting of seawater desalination projects that are expected to proliferate as drought-stricken communities increasingly turn to the ocean to supplement their drinking supplies. Full Article
The New England Patriots probably deliberately deflated the footballs to gain an advantage in the AFC title game in January, and quarterback Tom Brady was "at least generally aware" of the scheme, the National Football League said. Full Article | Video