Peregrine Financial CEO Indicted on 31 Counts
Aug. 14 (Bloomberg) -- In today's "Movers & Shakers," Bloomberg's Deirdre Bolton reports that Peregrine Financial CEO Russell Wasendorf has been indicted by a grand jury on 31 false-statement counts. If convicted, he faces 155 years in prison and a fine of nearly $8 million. She speaks on Bloomberg Television's "In The Loop."
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
43:28 - 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)