Newspaper article The Florida Times Union

Morning Briefs

Newspaper article The Florida Times Union

Morning Briefs

Article excerpt

GOVERNOR APPOINTS FOWLER TO PORT AUTHORITY

Gov. Charlie Crist has appointed Lloyd "Buck" Fowler, 64, to succeed Marty Fiorentino on the board of the Jacksonville Port Authority. The Senate will need to confirm the appointment, which would be for a term ending Sept. 30, 2011.

Fowler's appointment is the first time a new member is joining the authority board since it was established in 2001, when the Port Authority and the Jacksonville Airport Authority were split into separate organizations.

Fowler, a retired attorney and businessman, was the husband of the former U.S. Rep. Tillie Fowler, who was the first woman to sit as Jacksonville's City Council president. He is also a member of the Board of Trustees of Jacksonville University.

Timothy J. Gibbons/The Times-Union

MOTOROLA TO TAKE CHARGE OF $101 MILLION FOR JOB CUTS

Motorola Inc., the world's No. 2 cell phone maker behind Nokia Corp., said it will take a pretax charge of $101 million in its second quarter after cutting 2,100 jobs.

The company said in a Securities and Exchange Commission filing late Thursday that the total consists of $115 million in layoff-related charges and $14 million in reversals for prior-period accruals that it no longer needs.

Motorola said in May that it would complete an already-announced plan to lay off 3,500 employees by June 30. At that time, the cell phone maker also said it would cut another 4,000 jobs.

The Schaumburg-based company has been struggling since last fall when it became clear that its strategy of boosting market share by aggressively cutting its phone prices had backfired and was hurting profit margins significantly. The company this spring posted its first quarterly loss since 2004.

Associated Press

ANHEUSER-BUSCH INTRODUCES BUD IN INDIA

India, this Bud's for you.

Anheuser-Busch, the world's largest brewer, introduced an Indian-brewed Budweiser on Friday as part of the company's plan to tap into the country's booming economy, a top official said. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.