Ellison Becomes Latest Billionaire Island Owner
June 21 (Bloomberg) -- Bloomberg's Betty Liu reports that Oracle Corp. CEO Larry Ellison is purchasing 98 percent of the Hawaiian island Lanai. Ellison joins the ranks of billionaires owning their own islands along with Virgin Group co-founder Richard Branson and Microsoft founder Bill Gates. She speaks on Bloomberg Television's "In The Loop."
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
30:10 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)