Daniel S. Loeb, founder of Third Point LLC, participates in a panel discussion during the Skybridge Alternatives (SALT) Conference in Las Vegas, Nevada May 9, 2012.  REUTERS/Steve Marcus

Buffett a hypocrite: Loeb

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 

Wary of bond 'cliff,' Fed plans cautious cuts to portfolio 1:34am EDT

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.

Protesters hold up placards and a banner as Britain's Prime Minister David Cameron and his wife Samantha leave a polling station after voting in Spelsbury, central England, Britain, May 7, 2015.  REUTERS/Eddie Keogh

Britain goes to the polls

LONDON - British voters get to decide who they want to rule the world's fifth-largest economy in a tight election that could yield weak government, propel the United Kingdom towards a vote on EU membership and stoke Scottish desire for secession.  Full Article 

James Holmes sits in court for an advisement hearing at the Arapahoe County Justice Center in Centennial, Colorado June 4, 2013. REUTERS/Andy Cross/Pool

Colorado cinema killer's professors quizzed

CENTENNIAL, Colo. - Lawyers in Colorado's movie massacre trial painted dueling portraits of gunman James Holmes' sanity as they quizzed his former neuroscience professors on his work, attitude and behavior in class.  Full Article 

A Tesla S electric car is displayed during the second press day of the North American International Auto Show in Detroit, Michigan January 13, 2015. REUTERS/Rebecca Cook

Could storage be bigger for Tesla than cars?

Tesla Motors reported a wider first-quarter net loss, but outperformed expectations and stuck to key milestones for the year ahead, despite pressure on margins.  Full Article 

Pine Flat Lake is seen from an area that used to be underwater in Fresno County, California, United States May 6, 2015. REUTERS/Lucy Nicholson

California approves seawater desalination rules

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 

New England Patriots quarterback Tom Brady warms-up ahead of the start of the NFL Super Bowl XLIX football game against the Seattle Seahawks in Glendale, Arizona, in this file photo taken February 1, 2015. REUTERS/Lucy Nicholson

Patriots probably deflated balls in AFC game

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 

Port of dreams and despair

An African immigrant tries to sneak under a truck, which briefly stopped at a traffic light, while trying to enter the ferry terminal in the western Greek town of Patras April 28, 2015. REUTERS/Yannis Behrakis

Away from the ferries that haul migrants to Italy, the small Greek village of Patras is home to 100 Afghan, Iranian and Sudanese migrants living in deserted factories without electricity.  Wider Image 

Chilean president announces surprise cabinet reshuffle

Chilean President Michelle Bachelet to reshuffle entire cabinet as popularity falls. Julie Noce reports.