RadioShack says it expects cost cuts to save $400 million a year

(Reuters) - Struggling electronics retailer RadioShack Corp said it expected its cost cutting to save more than $400 million (255 million pounds) annually but did not say when that would be achieved. The company, which reported a bigger-than-expected quarterly loss, said cost savings include $90 million from store closures and asset sales, subject to lender approval. RadioShack, which warned of bankruptcy in September, has been trying to turn around its business by closing unprofitable stores. I