Miller: Detroit Recovery to Be `Political Struggle'
June 14 (Bloomberg) -- Steve Miller, chairman of American International Group Inc., talks about Detroit’s $386 million deficit and outlook for the city. Kevyn Orr, Detroit’s emergency manager, is holding a closed-door creditor meeting today intended to cap the creation of a recovery plan for the city. Miller speaks with Erik Schatzker and Scarlet Fu on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
05:04 - 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)