Thor's Sitt on Sequestration, Airports, J.C. Penney
Feb. 28 (Bloomberg) -- Joseph Sitt, founder and chief executive officer of Thor Equities LLC and chairman of the Global Gateway Alliance, talks about the automatic federal spending cuts scheduled to take effect tomorrow and the potential impact on airports in the New York City area. Sitt, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses the outlook for J.C. Penney Co. (Source: Bloomberg)
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
28:21 - 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)