Harman International Industries Inc., the maker of Harman Kardon and JBL audio equipment, wants to become largely a software supplier to the auto industry, a move that would allow it to cut as much as half of its manufacturing workforce in the next five to ten years.
Motorola Inc., the largest U.S. mobile-phone maker, climbed 3.5 percent in New York trading after its earnings forecast signaled demand for models like the Droid is helping to reverse a three-year sales slump.
Microsoft Corp. , the world’s largest software company, filed patent-infringement claims targeting Motorola Inc. ’s Android smartphones, in the latest skirmish in the growing market for versatile mobile devices.
Four years after he began agitating for change at Motorola Inc. , Carl Icahn will get his wish Jan. 4 with the spinoff of its mobile-phone unit. He still hasn’t made money on the investment, according to Bloomberg calculations.
Apple Inc., following complaints about reception problems with its iPhone 4, discovered a software problem that has displayed inaccurately high signal strength since the original device was introduced in 2007.
U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from its first monthly loss since October, as reports showing improved manufacturing from Japan to the U.S. bolstered confidence in the global economy.
U.S. stocks rose for the week, giving the Standard & Poor’s 500 Index its second straight weekly advance, as better-than-estimated economic data tempered concern over a possible scaling back of Federal Reserve stimulus.
Research In Motion Ltd. , maker of the BlackBerry smartphone, reported third-quarter revenue and profit that topped analysts’ estimates , helped by demand for models such as the Curve and touch-screen Torch.