Commerzbank Plans to Cut 4,000-6,000 Jobs by 2016

Jan. 24 (Bloomberg) -- Commerzbank AG, Germany's second-biggest bank, will cut 4,000 to 6,000 jobs over the next four years to reduce costs and meet a profit goal, according to an internal memo obtained by Bloomberg News. Mark Barton and Caroline Hyde report on Bloomberg Television's "Countdown." (Source: Bloomberg)

Canadian National Beats Estimates After Cutting Costs
35:47 - Canadian National Railway reported second-quarter profit that topped analysts’ estimates as the carrier cut jobs and parked locomotives to blunt the effects of weakening freight demand. Bloomberg Intelligence's Lee Klaskow speaks on The Daily Brief. (Source: Bloomberg)
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