Icahn seeks place on Motorola board
New York: Billionaire investor Carl Icahn is seeking a place on Motorola Inc.'s board since picking up a stake in the company. His aim is to convince the company to go for a share buyback offer.

Motorola's shares were up 7 per cent on the news. The company has seen a sharp drop in profit due to price cuts for its flagship Razr phone and tough competition in emerging markets.

Icahn says he wants Motorola to take on more debt and return more cash to shareholders in the form of a share repurchase.

Icahn said his holdings stood at 40 million shares on Tuesday afternoon. He said he was likely to end efforts to get on Motorola's board if it did a huge buyback.
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Sony Q3 profit falls
Tokyo: Sony Corp has posted a 14.9 per cent fall in quarterly operating profit due to losses at its gaming division that were more than sales of its flat TVs. However the company has raised its annual outlook.

Group operating profit at Sony stood at 178.91 billion yen ($1.47 billion) in October-December, down from 210.35 billion yen in the same period a year earlier.

The profit fall was expected as Sony had said losses at its game unit would rise to about 200 billion yen for the year ending March, due to costs related to its new PlayStation 3 game console and slow sales of PlayStation Portable handheld players.

For the full year, Sony has raised its operating profit forecast to 60 billion yen from 50 billion yen, against a 226.42 billion yen profit last fiscal.
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