Brevan Howard Asset Management’s main hedge fund started this year with a loss, reversing some of its gains of 2016, according to an investor letter seen by Bloomberg News. The Brevan Howard Master Fund, which managed $11.9 billion at the end of 2016, lost 1.5 percent in January, according to the letter.

Four Palo Alto City Council members elected in November were sworn in on Tuesday, Jan. 3, 2017. The council’s first action after the new members were seated was the election of a new mayor, Greg Scharff, and a new vice mayor, Liz Kniss.

The company did post an 18-cents-a-share earnings beat, but just about every other metric the analysts were looking for disappointed, sending shares lower by 3.5% Friday. Cramer said the disappointments could be explained away by a strong dollar and Amazon’s frantic warehouse building along with its big push into India.

The market for U.S. short-term interest rates has been abuzz this week with talk of a hawkish bet on Federal Reserve policy that may have netted a profit of more than $20 million. An unidentified investor amassed the position — a multi-legged options structure in eurodollars — in the first half of 2016 and exited it Wednesday in the hours before the Fed’s decision to keep rates unchanged, traders say.

Prosecutors allege Faye Slye contaminated chicken at the Gold’n Plump plant in Cold Spring in June, shortly before the plant’s owner recalled 27 tons of chicken for an “isolated product tampering incident” at the plant. The 36-year-old Slye is charged with felony criminal damage to property.

A heavily traveled bridge linking Pennsylvania and New Jersey that has a fractured steel truss is expected to remain closed for at least two more months, Pennsylvania Turnpike officials said Friday. The turnpike commission told The Associated Press they are still trying to determine what went wrong with the Interstate 276 span over the Delaware River.