Motorola closing operations in South Korea

Motorola Mobility on Monday confirmed that it is shutting down most of its operations in South Korea as part of a move to consolidate research after being bought by Google this year.

"This was a difficult but necessary decision," Motorola said in an email response to an AFP inquiry.

"The changes in Korea reflect our plans to consolidate our global R&D efforts to foster collaboration, and to focus more attention on markets where we are best positioned to compete effectively."

California-based Google said in August that it would lay off about 4,000 employees at Motorola, which it purchased in a deal valued at $12.5 billion, in order to return the company to profitability.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3568-0.0016-0.12%
    USDSGD=X
    1.4930+0.0008+0.05%
    EURSGD=X
    1.7788-0.0023-0.13%
    GBPSGD=X
    77.6650+0.602+0.78%
    SGDJPY=X
    5.7152+0.006+0.11%
    SGDHKD=X
    3.0075+0.0173+0.58%
    SGDMYR=X
    9,682.2900-12.8896-0.13%
    SGDIDR=X
    4.9144+0.0051+0.10%
    SGDCNY=X
    1.0156-0.0041-0.40%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,320.50-0.30-0.02%
    GCQ16.CMX
    19.66-0.02-0.12%
    SIU16.CMX
    103.00+3.11+3.11%
    ^XAU
    2.21-0.02-0.72%
    HGU16.CMX
    42.67-0.25-0.58%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.140.00
    ^FVX
    1.56-0.01
    ^TNX
    2.28-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.485-0.010-2.02%
    5TP.SI
    0.169+0.004+2.42%
    N21.SI
    0.375+0.010+2.74%
    E5H.SI
    0.131-0.003-2.24%
    43E.SI
    0.163+0.008+5.16%
    O9E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.05+28.83%
    AZG.SI
    0.25+0.05+25.00%
    BLZ.SI
    0.157+0.026+19.85%
    UV1.SI
    0.191+0.026+15.76%
    AZT.SI
    0.35+0.03+11.11%
    AWC.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.415-0.075-15.31%
    BLL.SI
    0.205-0.035-14.58%
    D6U.SI
    0.136-0.020-12.82%
    Y06.SI
    0.35-0.05-12.50%
    BDF.SI
    0.245-0.030-10.91%
    PA3.SI