Bank of England's Tucker on Diamond Memo
July 9 (Bloomberg) -- Bank of England Deputy Governor Paul Tucker said part of the note written by former Barclays Plc Chief Executive Officer Robert Diamond concerning a phone call between them in October 2008 about the manipulation of Libor “gives the wrong impression.” Tucker spoke before lawmakers in a parliamentary hearing in London today. (This is an excerpt. Source: Bloomberg)
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
51:54 - 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)