J.C. Penney Files for Sale of Ackman’s Entire Stake

Aug. 26 (Bloomberg) -- J.C. Penney Co. filed a prospectus for the sale of activist investor Bill Ackman’s entire stake in the retailer. Julie Hyman reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)

"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
07:38 - 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)
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