Aug 13 - Google's Motorola Mobility has told employees it plans to slash 20 percent of its workforce and shut down nearly a third of its offices worldwide.
I headed Google putting its imprint on Motorola mobility and CBS cargo. Eight different kind of Olympics later Asia. Welcome to three times this Monday from Reuters world headquarters in New York. Our daily did it today for a thousand Google cutting that many new jobs for its new Motorola mobility unit. That except to 20%. Of its workforce. The move part of Google's plan to turn around -- struggling mobile phone company which it bought for twelve point five billion dollars. The search giant also expect to take a 275. Million dollar charge related to severance for these employees. Shares of Google trading near their 2012 high at 67025. Hit in January. Barnes & Noble cutting prices -- meter just in time for the back to school season. Three models of the -- dropped between twenty and fifty bucks each. The price reduction comes amid speculation at Amazon will launch a new version of its Kindle fire tablet. And is on controls about 60%. E-book and but it lost ground since then. Bank of America raising some cash Swiss private bank Julius Baer buying -- nine US Merrill Lynch wealth manager for nearly 900 million dollars. The day will retain 83% stake. Which is reported in April that the day had put the unit up for sale as the business was not large enough to generate sufficient income. Shares -- come off their highs above ten bucks reached earlier this year. Our power player of today Great Britain. Forget this security concerns and the potential traffic nightmares the London Olympics winning praise from all corners. The two week competition ending when -- spectacular rock concert at closing ceremonies featuring everything from tennis Spice Girls. It boosted the country's self esteem -- -- How that we do as a nation we do fantastically well I think quantitative. And qualitative. And the country is done so putts -- expectations. The Summer Olympics moved to Rio de Janeiro in 26 team. Our latest export to China. -- -- -- Shanghai I was this setting for the first paid WWU. Wrestling event. Local warm Mexican -- -- and here nonsense started as rate hysteria Jack swagger and the big show. The Stamford Connecticut based WW eat first made inroads to China -- local TV deals in 2007. Over the week and -- commanded ringside seat prices as high as 230. Pop. I'm here for the hot guy said one woman who carried a sign inviting champion wrestler payments to this. Province. No local Chinese men had yet to be good for the sport. And finely missing -- there -- a slew of snails slugged it out at the forty -- world now racing championship. -- -- -- The real simple snail's place in small red circles in the middle of round tables the first this line it's -- at winds that. But here this sticky point after -- raise the sales simmered in served up to spectators in a post race meal. All except for the winner this year and seven girls down -- Sebastien. Who got to remain loose and garlic free. That's the latest and three Times Square this Monday you can follow us on Twitter at lakers insider and check out what he -- count at -- players that's on flash -- CP. I'm Lisa Bernhard this is --