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Motorola to cut 10 percent of workforce - report
2013-03-08 09:08:00| Telecompaper Headlines
(Telecompaper) Motorola Mobility has informed staff that it started laying off around 1,200 workers, or over 10 percent of its total workforce, on top of the 20 percent job reduction announced in August 2011, reports the Wall Street Journal, citing an internal e-mail. The company told staff that its costs are too high, it is operating in markets where it is not competitive and it is losing money. The latest round of job cuts will affect employees in the US, India and China. Parent company Google said Motorola had 11,113 employees at the end of 2012, excluding STB maker Motorola Home, sold to Arris for USD 2.35 billion in December. The company made an over USD 350 million operating loss in the fourth quarter of last year, after reporting an over USD 500 million loss in the third quarter.
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Bill Clinton calls for health care price transparency, embracing IT to cut costs
2013-03-07 22:37:12| InfoWorld: Top News
Former President Bill Clinton on Wednesday called for transparency in health care pricing and addressing chronic disease epidemics such as obesity in order to drive down the cost of care for all. He also called for embracing IT and letting go of outmoded administrative systems. When Clinton called for transparency in health care pricing, the crowd erupted in applause.
Ubisoft: A Wii U price cut would be awfully nice
2013-03-07 19:28:01| CNET News.com
A company executive says that a lower price means more hardware sales, which means more software sales. [Read more]
Aviva shares dive on dividend cut
2013-03-07 10:49:43| BBC News | Business | UK Edition
Shares in insurance firm Aviva sink 15% after it cuts its dividend by more than a quarter in order to finance a turnaround strategy.
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House Approves Budget Cut for NHTSA Highway Safety Projects
2013-03-07 03:47:49| AutomotiveDigest.com - Automotive Industry News
The U.S. House on March 6 approved a bill that funds government operations until Sept. 30, but cuts almost $50 million from highway safety resources. The National Highway Traffic Safety Administrations grants for seat belt, distracted driving, motorcycle safety and drunk driving crackdowns will be cut from the current funding bill.The Article House Approves Budget Cut for NHTSA Highway Safety Projects appeared first on Automotive Digest.
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