Julius Baer , the Swiss private bank, said Monday it would acquire Merrill Lynch's wealth-management business outside the U.S. and Japan from Bank of America (BAC) for $880 million.
Motorola Mobility, which Google (GOOG) bought in May, told employees Sunday it plans to cut 20% of its work force and close nearly a third of its 94 offices worldwide, The New York Times reported.
Research In Motion (RIMM) is looking to sell cloud services provider NewBay and some of the other minor assets it recently acquired, as part of a strategic review process, Reuters reported, citing a source familiar with the matter.
-- Written by Joseph Woelfel
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