Industrials

Siemens to cut 10,000 jobs in major overhaul

German industrial equipment and technology supplier Siemens AG says net profit fell 5% in the first three months of the year as the company heads into a major restructuring involving the spinoff of its oil, gas and power generation business.

Communities hit by gas blasts get $80M to fix infrastructure

The utility blamed for a series of natural gas explosions in Massachusetts in September has agreed to pay $80 million to three communities to cover the costs of repairing roads and other infrastructure torn up during restoration efforts.

Asia stocks mostly higher after Trump trade threat

U.S. stocks fell sharply at the opening of trading Monday, following a sell-off in Europe and Asia, after President Donald Trump threatened to escalate a trade war between the world's two largest economies.

Anadarko, Sysco rise while Boeing, PetMed fall

Stocks that moved substantially or traded heavily on Monday: Anadarko Petroleum Corp., up $2.77 to $75.49 Occidental revised its bid for the oil company by raising its cash portion of the offer to $59 from $38 per share.

A grim preview of a trade war takes shape

U.S. companies that do a lot of business in China are getting hit hard in early trading after President Donald Trump threatened more tariffs with trade talks between the world's two biggest economies faltering.