JC Penney Said to Plan Firing of 10% of Workers

Feb. 6 (Bloomberg) -- JC Penney may move to fire 10% of its 3,000 workers amid shrinking cash reserves and falling sales, New York Post reported, citing sources it didn’t identify. Betty Liu reports on today's "Movers & Shakers" on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Kyle Bass Warns of Huge Losses for Chinese Banks
37:32 - Albert Rabil, chief executive officer and managing partner at Kayne Anderson, discusses a warning by hedge fund manager Kyle Bass that China's banking system is at risk of losses that could top U.S. banks during the subprime crisis. He speaks on "Bloomberg ‹GO›." (Source: Bloomberg)
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