Google Cutting 1,200 More Motorola Jobs
NEW YORK — Google is cutting an additional 1,200 jobs in its Motorola division as the unprofitable cellphone maker struggles to compete. Last summer, Google Inc. announced 4,000 Motorola job cuts. The latest reductions are in addition to those and will be in countries including the U.S., China and India. “These cuts are a continuation of the reductions we announced last summer,” Google spokeswoman Niki Fenwick said in an email. When Mountain View, Calif.-based Google bought Motorola last year for $12.4 billion, it had about 20,000 employees. (MORE: Why YouTube is Launching a Music Service) The online search leader also expects to pare jobs at the division with a planned $2.35 billion sale of the Motorola set-top business, which has about 7,000 employees. Google had about 53,000 employees as of late September. Google bought Motorola primarily for its 17,000 patents, bolstering the company in the mobile device arms race with other technology companies. The cellphone business has lost ...
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Pro-Obama super PAC outpaces GOP counterpart
Monday, October 22, 2012 - 10:28 Justin Sullivan/Getty Images Pro-Mitt Romney super PAC Restore Our Future doubled its monthly hall but was outraised by its pro-Obama counterpart Priorities USA Action for the second month in a row. Restore Our Future , a super PAC supporting Mitt Romney’s candidacy, doubled its fundraising total in September. It took in $14.8 million , but was still outraised by the pro-President Barack Obama Priorities USA Action , which raised $15.3 million for the month. The totals show a reversal of a trend — Republicans to date have fared better at raising money for outside groups, though Romney still has American Crossroads, a well-funded super PAC, and Crossroads GPS, a nonprofit, in his corner. Restore Our Future brought in $7 million in August. Most of the major super PACs had until Saturday at midnight to file monthly reports with the Federal Election Commission on September’s fundraising activities. Meanwhile, J. Joe Ricketts, whose conservative Ending ...
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PODCAST: Newsweek leaves the newsstand and barley gets decoded
Thursday, October 18, 2012 - 10:11 Sean Gallup/Getty Images A new study from an international consortium of scientists says they have decoded the surprisingly complex genome of barley. December 31 will be the last paper issue of Newsweek magazine . Next year would have been Newsweek's 80th anniversary -- technically, it still will be, though by then it will be an online-only entity. At that point, its content will become even more closely entwined with the news and opinion web site The Daily Beast. Tina Brown merged the two in 2010, and became the top editor of both. This morning Brown indicated the end of the print edition at Newsweek will mean considerable job losses. Michael Isikoff , who reported for Newsweek from 1994 until 2010 and broke a number of the era's biggest cover stories, shares his thoughts on the end of Newsweek in print and what the magazine meant to staffers and readers over the years. Seasonally adjusted claims for unemployment insurance rose by 46,000 last week or about ...
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