RWE Will Cut 2,400 More Jobs After Demand Slump

RWE AG, Germany’s second-largest utility, will cut 2,400 jobs to reduce costs as plunging demand for power and natural gas left first-half profit stagnant.

Is the Corporate Earnings Decline Over?
28:15 - Paul Christopher, Wells Fargo Investment Institute global market strategist, discusses the outlook for corporate earnings with Bloomberg's David Gura on "Bloomberg Markets." (Source: Bloomberg)
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