Siemens to Cut 4,700 Lighting Jobs to Save $1.3B

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.
Is Virtual Reality the Next Mega-Trend in Tech?
35:03 - Piper Jaffray's Gene Munster and Canaan Partners' Maha Ibrahim discuss the future of virtual reality with Bloomberg Businessweek's Brad Stone on "Bloomberg West." (Source: Bloomberg)
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