About This Source - Bloomberg Markets and Finance
Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent Bloomberg Markets and Finance Items:
May.29 — Renault SA is cutting about 14,600 jobs worldwide, about 8% of all roles. The French car maker will also lower production capacity by almost one-fifth in a bid to outlast the downturn rocking the global auto industry. The car maker hopes the plan will save the company 2 billion-euros over three years. Bloomberg’s Christoph Rauwald reports on “Bloomberg Markets: European Open.”