Siemens to axe 7,800 jobs

Siemens expanded its energy operations last year by buying Dresser-Rand (DRC) for $7.6 billiononly to see the oil prices halve within six months. – Most stock quote data provided by…

Radioshack declares bankruptcy

But closing stores is expensive, due to the cost of severance, liquidating merchandise and paying penalties to get out of leases. – Most stock quote data provided by BATS. Market…