Parsons Aims to Bring `Steadying Hand' to Clippers

May 9 (Bloomberg) -- Richard Parsons, former chairman of Citigroup Inc., talks with Bloomberg's Scott Soshnick about his decision to accept appointment as interim chief executive officer of the National Basketball Association's Los Angeles Clippers. NBA Commissioner Adam Silver said in a statement that Parsons will "bring extraordinary leadership and immediate stability" to the Clippers. The franchise's owner has been banned from the league for making racist comments. (Source: Bloomberg)

Canada Budget Holds Line on Deficit
44:29 - Canadian Finance Minster Bill Morneau discusses the country's economy and budget. He speaks on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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