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.

Sales Check With Hudson's Bay CEO Jerry Storch
00:54 - Hudson's Bay CEO Jerry Storch weighs in on Black Friday sales. He speaks on "Bloomberg Markets." (Source: Bloomberg)
  • Black Friday Retail Sales: The Winners & the Losers
  • Battle of the Charts: Retail Traffic, Euro Versus Dollar
  • 2016 Will Be a Better Year for Stocks, Here's Why