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...plan March 31 that would allow oil drilling 50 miles off the coast of Virginia and encourage exploration for future drilling sites along the Eastern seaboard and northern Alaska. (The Pacific Ocean and Bristol Bay are off-limits.) Obama called the drilling leases, the first of their kind in two decades, a "balance" between the country's future oil needs and a desire to protect its natural resources. The proposal was largely seen as an effort to court GOP support for an upcoming climate-change bill...
...Two female suicide bombers struck Moscow's subway system during the Monday-morning commute, killing at least 39 people in the worst terrorist attacks to hit the city in six years. Ever since the two bombed stations were reopened later the same day, stunned Russians have wandered the damaged platforms, laying flowers and stopping to touch shrapnel gashes in the stone walls. Officials have placed blame for the attacks on Islamist rebels from regions like Dagestan, where two more suicide blasts killed at least 12 people Wednesday morning. The leading rebel warlord in those regions, Doku Umarov, who has been...
...over the course of 2008, it slashed costs, replaced nearly 70% of its senior executives, transformed its corporate culture and hired Sanjay Jha, Brown's co-CEO, to resurrect its handset segment. Then it took the turnaround one step further, announcing plans in February to split the corporation into two independent entities...
Greg Brown, Co-CEO of Motorola, likes to compare his company's recent performance to the Dickens classic A Tale of Two Cities. Yes, that's got to be the most clichéd literary reference in Western history, but Brown is not a wordsmith. He runs a gadget company. And that's the problem: Motorola was once renowned for manufacturing ultra-chic mobile phones. Yet since 2006, that business has been in free fall, and the company's overall revenue has dropped by half. The recession didn't help much. Keeping the $22 billion firm afloat were its less glamorous...
Brown says 2008 "marked the best year ever for our home and enterprise-mobility segments and the worst year ever for our mobile-device business. There were really two stories behind one Motorola." (See pictures of the cell phone's history...