Street News: Peugeot Job Cuts, Black's `Scream`
July 12 (Bloomberg) -- Bloomberg's Scarlet Fu reports on today's top news including more job cuts announced for Peugeot, Blackstone said to be bidding on ING's Asian insurance business and billionaire Leon Black was the anonymous buyer of "Scream," paying nearly $120 million at an auction in May. She speaks on Bloomberg Television's "Bloomberg Surveillance."
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
39:08 - 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)