Google closes 12.5 billion Motorola deal in bid to shape mobile
Google completes its 12.5 billion purchase of Motorola Mobility nine months after announcing the hardware expansion. Larry Page appoints Dennis Woodside as Motorola CEO, replacing Sanjay Jha, with Motorola’s 20,500 staff facing potential layoffs as Google integrates the unit. Regulators in the US Europe and China cleared the deal and Google seeks Motorola patents to defend Android. The move signals a shift into devices and set top boxes while balancing ecosystem interests and investor concerns.
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Motorola Mobility
Google Inc
Apple Inc
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Sanjay Jha
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America
Motorola Mobility Holdings Inc
Gartner Inc
Carolina Milanesi
Page
China
U.S
Europe
Starch Company
Apple
Amazon.com Inc
N. Venkat Venkatraman
Boston University
Milanesi
Jennifer Weyrauch-Erickson
Wood
Venkatraman
Ing
DoubleClick Inc
DoubleClick
Oil ends lower as recession worries and Iran tensions ease
Oil prices slipped near yearly lows amid warnings of a severe European recession and easing Iran tensions. U S crude dropped to 91.66 a barrel in New York, Brent to 108.41 in London, with both at 2012 lows. Gas and heating oil rose slightly while natural gas gained about 4 percent as Memorial Day forecasts call for heat and higher demand.
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Oil Price Information Service
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