motorola inc

Struggling cell phone maker Motorola Inc. said Thursday that its first-quarter loss widened as sales in the company's key handset unit fell 39 percent, extending a two-year slump.

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• Motorola, Inc. (NYSE: MOT) said Board of Directors has commenced a process to create two independent, publicly-traded companies.
  
  The company will separate their Mobile Devices and Broadband & Mobility Solutions businesses.

Less than two years past the most successful stretch in its 80-year history, Motorola Inc. is considering a sale or spinoff its now free-falling cell phone business.