Siemens AG announced plans to eliminate an additional 4,700 jobs at its Osram lighting subsidiary to reap 1 billion euros ($1.3 billion) in cost savings as the market for traditional light bulbs shrinks.
53:52 - IHS Jane's Asia Pacific Defense Industry Analyst Jon Grevatt discusses China's military parade to commemorate the end of World War II and what the showing of its military weapons means to the region and the rest of the world. He speaks to Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)
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