Proposed Bumi Chairman King Expects to Oust Tan
Wallace King, proposed by Nathaniel Rothschild as the new Bumi Plc chairman, expects to win enough backing from shareholders next month to oust incumbent Samin Tan amid a battle for control of the Indonesian coal venture. King spoke to Bloomberg Television's Olivia Sterns.
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"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
30:43 - 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)