Latest Schaumburg, Illinois Stories
Michael Harper for redOrbit.com — Your Universe Online Google is peeling off sections of their latest acquisition, making their intentions for buying Motorola Mobility all the more crystal clear. Motorola´s set-top box business, Motorola Home, will now be sold for $2.35 billion to Arris Group Incorporated, a small, British high-speed Internet equipment company. This cash-and-stock deal was announced late Wednesday evening, driving up Arris´ stock by 17%. As a part...
Peter Suciu for redOrbit.com — Your Universe Online On Monday Motorola Mobility announced that it will close most of its operations in South Korea in 2013 as part of ongoing restructuring. The decision to shutter the doors in the Asian nation will affect about 500 jobs. This follows a decision made last month to close down most international Motorola websites and to lay off about 4,000 workers. This comes as part of the restructuring of the company under Google ownership. Google...
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