Ullman Needs to Stay at Penney, Flickinger Says

Aug. 9 (Bloomberg) -- Burt Flickinger, managing director of Strategic Resource Group, talks about J.C. Penney Co. shareholder Bill Ackman's push to find a replacement for Chief Executive Officer Mike Ullman, taking public a dispute with the board over who should lead the retailer. Flickinger speaks with Betty Liu and Julie Hyman on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Puerto Rico Avoids Default, Makes Dec. Payments
23:59 - Puerto Rico said it made all principal and interest bond payments due Tuesday, averting a default on directly guaranteed debt and allowing the commonwealth to continue talks with creditors to reduce its $70 billion debt burden. Bloomberg's Michelle Kaske reports on "Bloomberg Markets." (Source: Bloomberg)
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