“UPDATE 2-Motorola to split business into two in 2011 - Reuters” plus 3 more |
- UPDATE 2-Motorola to split business into two in 2011 - Reuters
- Dozens of Delaware Small Business Owners and Consumers Speak Out ... - Yahoo Finance
- Nortel sees $1 billion more from business sales - Reuters
- Ahead of the Bell: Business Inventories - Investors Business Daily
| UPDATE 2-Motorola to split business into two in 2011 - Reuters Posted: 11 Feb 2010 01:48 PM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. * One company to focus on cellphone, set-top box biz * Other will focus on enterprise, wireless networking * Company had been looking to separate handset biz * Shares rise 4 pct (Adds background on revenue, company and analyst comments) NEW YORK, Feb 11 (Reuters) - Motorola Inc (MOT.N) aims to split into two companies in the first quarter of 2011, separating its cellphone and television set-top box businesses from the rest of the company, it said on Thursday. Motorola said each company would be independent and publicly traded, and that the separation would provide the businesses flexibility to grow in the long term. One company will focus on mobile devices and home devices while the rest will include its corporate business and wireless network equipment business, it said. Motorola shares rose 3.9 percent to $6.93 in extended trade after the news. The company had said last month that it planned to separate its handset business, which has been struggling to win back market share. But executives had also said they were looking at alternative structures. Its set-top box had also suffered due to a weak economy, while its wireless network equipment business had been hit by a consolidation among telecom operators. Motorola said the enterprise and network equipment business will be the entity responsible for Motorola's current public debt and will be capitalized to achieve an investment grade rating. Tavis McCourt of Morgan Keegan said he was not sure whether the combination of the handset and cable set-top box businesses would yield synergies, but still saw the plan as positive. "I'm glad they're doing it. Its nice they're putting timing behind it. It's a sign they're very confident in their handset business this year," he said. Motorola's latest financial results show its mobile phone business had revenue of $7 billion for 2009. The enterprise wireless business had revenue of $2 billion while home and network sales brought in another $2 billion. (Reporting by Ritsuko Ando and Sinead Carew; Editing by Gary Hill and Richard Chang) Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Dozens of Delaware Small Business Owners and Consumers Speak Out ... - Yahoo Finance Posted: 11 Feb 2010 04:40 PM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. WASHINGTON--(BUSINESS WIRE)--As part of its significant grassroots mobilization effort, the U.S. Chamber of Commerce announced today that concerned small business owners and citizens across Delaware have sent numerous letters to Delaware's Congressional delegation urging them to oppose the Consumer Financial Protection Agency (CFPA). "Delawareans believe that protecting consumers is a critical part of financial regulatory reform, but creating more big government and more red tape with the CFPA is the wrong approach," said Ryan McKee, senior director for the U.S. Chamber's Center for Capital Market Competitiveness. "This new agency will impose new burdens on small businesses and consumers, and their ability to invest, create jobs, and grow Delaware's economy." The letters, generated since Labor Day as a result of the U.S. Chamber's Stop the CFPA campaign, reflect a sample of the widespread opposition to the CFPA in Delaware. In just five months, individuals and small business owners from every state have sent more than 160,000 letters urging Congress to oppose the CFPA. In addition to its active grassroots effort, the Chamber has been running television, radio and online advertisements in key states to raise awareness about the harmful effects of the proposed legislation. "In his State of the Union address, President Obama called job creation our number one priority," said McKee. "The message that Delaware's small business owners and consumers are sending the President and the Congress is that the CFPA won't create jobs, but it will add unnecessary layers of bureaucratic red tape and will be a disincentive to hire. They want bipartisan solutions that will protect consumers without threatening Delaware's economic growth." The Chamber believes the CFPA approach does not address the fundamental flaws in the existing regulatory structure, and has called for a bipartisan regulatory reform bill that includes strengthening the ability of the seven current federal regulators tasked with consumer protection to do the job right. Specifically, the Chamber recommends a strong national standard to simplify consumer disclosures, filling regulatory gaps where they exist, strengthening coordination among federal regulators and their enforcement against fraudulent and predatory practices. The U.S. Chamber of Commerce is the world's largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Nortel sees $1 billion more from business sales - Reuters Posted: 11 Feb 2010 06:39 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Ahead of the Bell: Business Inventories - Investors Business Daily Posted: 12 Feb 2010 03:24 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. Ahead of the Bell: Business InventoriesWASHINGTON (AP) — Inventories held by businesses are expected to show an increase in December, a sign that companies are growing more optimistic about the future and starting to increase their orders to refill depleted shelves. Economists surveyed by Thomson Reuters expect inventories increased by 0.2 percent in December. The Commerce Department will release the report on inventories at 10 a.m. EST Friday. Inventories held by manufacturers, wholesalers and retailers rose by 0.4 percent in November. A report on Tuesday showed that wholesalers had reduced their inventories by 0.8 percent in December, a much weaker showing than expected and evidence that the recovery from a deep recession is proceeding in fits and starts. Wholesalers hold 25 percent of all inventories with factories holding about one-third and retailers holding the rest. It was a big slowdown in the pace of inventory reductions that contributed nearly two-thirds of the growth in the overall economy in the fourth quarter as measured by the gross domestic product. GDP shot up at an annual rate of 5.7 percent in the October-December period, the strongest showing in six years. The concern is that the boost from inventories will be temporary and GDP will slow significantly in coming quarters. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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