Coleman Sees Opportunity in Sequestration Job Cuts
March 4 (Bloomberg) -- Timothy Coleman, head of restructuring and reorganization at Blackstone Group LP, talks about the automatic, across-the-board budget cuts by the federal government and the impact on business growth. Coleman, speaking with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "Market Makers," also discusses municipal bankruptcies, the distressed debt market, President Barack Obama's cabinet nominations and the planned merger between US Airways Group Inc. and AMR Corp, the parent of American Airlines. (Source: Bloomberg)
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
17:54 - 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)