The billionaire financier may not have succeeded in his fierce campaign to land a seat on Motorola Inc.’s board, but Icahn said he plans to retain his 2.9 percent stake in the world’s No. 2 cell-phone company and hasn’t ruled out another board bid next year. Icahn, a vocal critic of the board, announced his campaign in January, saying he wanted to increase the company’s debt level.
THE EURO ZONE
The euro is rising, unemployment is falling and the economy of the 13 EU nations that use the common currency is keeping pace with last year, in contrast with the United States, where growth is slowing and the dollar keeps falling. As Europe’s economy has chugged along, a string of rate increases by the European Central Bank has helped keep inflation in check.
