William A. Ackman and Daniel S. Loeb became business rivals on Wednesday, with hundreds of millions of dollars in play over Herbalife. | Diminished profits have forced Morgan Stanley to cut back its trading desk, raising questions about the firm. | Jacob J. Lew, President Obama’s chief of staff and former budget director, has been tapped to be the secretary of the Treasury. | Amid criticism, the board of the American International Group decided not to join a lawsuit against the federal government.
via NYT > Most Recent Headlines http://dealbook.nytimes.com/2013/01/10/battle-lines-drawn-over-herbalife/