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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59:29 - Shawn Matthews, chief executive officer at Cantor Fitzgerald, examines the state of the banking industry and the distinction between U.S. and European financial institutions. He also offers discusses the banks move into emerging markets and his expectations for a Federal Reserve rate hike. He speaks on "Bloomberg Markets." (Source: Bloomberg)