Industrials

Markets

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.

Markets

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.

Features

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.