Pershing Hires Citigroup to Sell Entire JCP Stake

Aug. 27 (Bloomberg) -- Bill Ackman’s Pershing Square Capital Management hired Citigroup to underwrite the sale of its 39.1 million J.C. Penney shares, after reaching an agreement earlier this month to unload its stake. Julie Hyman has more on Bloomberg Television's "Street Smart." (Source: Bloomberg)

EU Banks Prepare to Cut Bonuses as JPM Stays Unchanged
11:55 - Julian Chillingworth, chief investment officer at Rathbone, discusses the bonus pool policy for various banks. He speaks with Jonathan Ferro on Bloomberg Television’s “On The Move.” (Source: Bloomberg)
  • The Outlook for Oil Amid Climate Change Talks
  • Yuan in SDR Basket: What It Means for the Dollar
  • U.S. Dollar in 2016: Will It Strengthen Further?