Lasry Says Keeping Cash to Trade on Fiscal Cliff

Dec. 5 (Bloomberg) -- Marc Lasry, founder of Avenue Capital Group LLC, talks about investment strategy and outlook for a deal to avert the so-called fiscal cliff of automatic spending cuts and tax increases. Lasry also discusses Europe's debt crisis. He speaks with Katherine Burton at the Bloomberg Hedge Funds Summit in New York. (Source: Bloomberg)

Xiaomi Buys 1,500 Patents From Microsoft for Growth
35:27 - Xiaomi has bought nearly 1,500 technology patents from Microsoft in a deal that could accelerate the Chinese smartphone maker's global expansion plans. Bloomberg's Haidi Lun reports on "Asia Edge." (Source: Bloomberg)
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