Knight Said to Get $400 Million Infusion
Knight Capital Group Inc., stepping back from the brink of insolvency, agreed to a $400 million infusion through the sale of convertible preferred securities, according to two people with direct knowledge of the matter.
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
15:32 - 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)