1. Lenovo Group agreed to acquire Google Inc’s Motorola handset division for USD 2.91 billion in
order to expand its business into a heavily competitive U.S. handset market dominated by Apple Inc. It
is Lenovo’s second major deal on U.S. soil after acquiring IBM’s low-end server business for USD 2.3 billion announced last week.
2. Google acquired Motorola Mobility for USD 12.5 billion in 2012 and sold the same division for USD
2.91 billion only after nearly 2 years. This is definitely the worst acquisition ever done by the internet giant.
Google will keep
majority of Motorola’s mobile patents after this deal. Google Chief Executive Officer Larry
Page said that Google would be best served by focusing on smartphone software rather than devices.
3. The US economy grew by 3.2% in the final quarter of 2013 compared to same quarter last year. US
economy is also expected to grow at the strongest pace since the end of US recession in 2009. Due to
this optimism and improvement of job market scenario, the Fed announced that it would cut monthly bond purchases by USD 10 billion.
4. New Zealand’s Kathy Cross became the first woman to be inducted in an ICC umpires’ panel today
order to expand its business into a heavily competitive U.S. handset market dominated by Apple Inc. It
is Lenovo’s second major deal on U.S. soil after acquiring IBM’s low-end server business for USD 2.3 billion announced last week.
2. Google acquired Motorola Mobility for USD 12.5 billion in 2012 and sold the same division for USD
2.91 billion only after nearly 2 years. This is definitely the worst acquisition ever done by the internet giant.
Google will keep
majority of Motorola’s mobile patents after this deal. Google Chief Executive Officer Larry
Page said that Google would be best served by focusing on smartphone software rather than devices.
3. The US economy grew by 3.2% in the final quarter of 2013 compared to same quarter last year. US
economy is also expected to grow at the strongest pace since the end of US recession in 2009. Due to
this optimism and improvement of job market scenario, the Fed announced that it would cut monthly bond purchases by USD 10 billion.
4. New Zealand’s Kathy Cross became the first woman to be inducted in an ICC umpires’ panel today
when she was elected as an Associate and Affiliate International official following the annual review
and selection process. She is now eligible for appointments to ICC World Cricket League Divisions 3 to 6.
5. Maitreyi Pushpa Hindi women novelist’s name was suggested by the Delhi Government as the new chief of Delhi Commission for Women (DCW) to Lt. Governor Najeeb Jung on 29 January 2014 amidst speculations of removing Barkha Singh.Pushpa is renowned for her feminist writings and strong feminist leanings.
5. Maitreyi Pushpa Hindi women novelist’s name was suggested by the Delhi Government as the new chief of Delhi Commission for Women (DCW) to Lt. Governor Najeeb Jung on 29 January 2014 amidst speculations of removing Barkha Singh.Pushpa is renowned for her feminist writings and strong feminist leanings.
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