Google to Cut 20% of Motorola Mobility Staff, Close or Consolidate 30 Facilities
Google Inc. (GOOG) is cutting about 20% of Motorola Mobility's work force, a move the phone maker said is designed to return its mobile devices unit to profitability, after it lost money in fourteen of the last sixteen quarters.
KGHM Likely to Issue Revised 2012 Forecasts in October - CFO
Polish copper miner KGHM Polska Miedz SA (KGH.WA) will likely publish revised financial forecasts for 2012 in October, its chief financial officer said Monday.
Standard Chartered Weighs Settling Iran Laundering Probe
The London-based bank's U.S. legal team have reportedly discussed an amount with regulators, indicating progress has been made to reach a settlement.
LONDON MARKETS: U.K. Stocks Trade Lower As Resource Firms Fall
The main U.K. stock index traded slightly lower Monday, as mining shares weighed while banks lent support.
Nelson Peltz Named To Ingersoll-Rand Board
Ingersoll-Rand Co. on Monday named activist investor Nelson Peltz to its board of directors in a move to avert a proxy fight at the industrial machinery company.
Global Shares Struggle Amid Growth Concerns
Global markets struggled to gain momentum on Monday as traders mulled considerably weaker-than-expected economic data from Japan.
S Korean Shipbuilders Post Declines in 2Q Net; Outlook Gloomy
The world's top two shipbuilders on Monday posted sharp declines in their second-quarter net profit, bled by the heavy discounts they have offered since 2009 to prop up sales in the aftermath of the global financial crisis.
Google to Cut 4000 Motorola Jobs, Take $275M Charge
Motorola Mobility, which was bought by Google for $12.5 billion, will shed 20% of its workforce, causing the search giant to take a $275 million charge in the third quarter.
Munich Re Buys 3 British Wind Parks; Low-3-Digit-Million euros Investment
Germany's Munich Re AG (MUV2.XE), the world's largest reinsurer by premium income, Monday said it has bought three British wind parks, through its MEAG asset manager, for which it invested a "low three-digit million euros" amount.
Pfizer's Animal Health Unit Files for $100M IPO
Pfizer's animal health unit Zoetis filed to raise up to $100 million in an initial public offering as the largest U.S. drugmaker looks to focus on its core pharmaceuticals business.