News Wrap: Microsoft cuts 7,800 jobs struggling phone sector

Aired: 7/8/2015 | 0:04:54 | Clip
In our news wrap Wednesday, Microsoft announced it is cutting an additional 7,800 jobs in the company's struggling phone business, after cutting 18,000 jobs in that sector as part of restructuring. Also, Greek Prime Minister Alexis Tsipras addressed the European Parliament in France, offering a new financial bailout proposal.