Siemens faces German union showdown over layoffs

BERLIN: Industrial conglomerate Siemens on Thursday (Nov 16) announced thousands of job cuts worldwide, most of them in its fossil fuels division, with unions and politicians in its home country Germany particularly outspoken against the plans.

A total of 6,900 workers are set to lose their jobs …

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Best Buy falls short with holiday profit forecast

REUTERS: Best Buy Co Inc reported disappointing third-quarter results on Thursday and forecast holiday-quarter profit below Wall Street estimates as it cut prices to match those offered by rivals including Amazon.com Inc .

Shares of the United States’ single largest consumer electronics chain …

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