Motorola Inc. (MOT) is revamping the Razr cell phone that has defined the company’s seesaw fortunes, jamming more technological and user-friendly substance into a handset best known for its looks. The Razr 2 was unveiled as the centerpiece to a new phone lineup Motorola hopes will reverse a financial tailspin that’s led to the company’s first quarterly loss since 2004.
LIMITED BRANDS
Limited Brands Inc. (LTD) will sell a majority interest in its underperforming Express apparel brand and is considering options for its Limited Stores chain, the retailer said Tuesday as it warned of first-quarter earnings likely to disappoint Wall Street. Limited Brands, the operator of Victoria’s Secret and Bath & Body Works, said it is selling 67 percent of its interest in Express.
