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Thursday, Mar 28, 2024

Motorola plans to split company

CHICAGO — Motorola Inc. announced plans to separate its struggling handset business from other operations, , forming two separate publicly traded companies after months of agitation from frustrated investors. The suburban Chicago-based cell phone maker has been under pressure from billionaire investor Carl Icahn for changes meant to revitalize its cell-phone business. The cell phone unit has seen its sales and stock price plummet with the company unable to produce second act to the once-popular Razr phone. For the full story visit http://www.latimes.com/business/la-fi-motorola27mar27,1,6706596.story

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