Greg Brown

Motorola Inc., the U.S. maker of mobile phones and two-way radios, is targeting January for the spinoff of its handset unit, splitting the company in two. Co-Chief Executive Officer Greg Brown gave the timeframe at a meeting with analysts in New York today. He had previously only said the split would occur in the first quarter. Motorola reported a sales increase last quarter for the first time in almost four years, smoothing the way for a spinoff of its handset and set-top-box businesses as a new company. That will leave Brown to focus on running an entity called Motorola Solutions

Hewlett-Packard Co on Wednesday named executive search firm Spencer Stuart to lead the search for a new chief executive following the stunning ouster of Mark Hurd this month.

The search will consider both internal and external candidates to helm the world's largest technology company by revenue.

A number of names have already been floated by analysts as candidates for HP's top job, though the company said it will not comment on the process or potential successors.

Motorola Thursday confirmed plans to split into two companies early next year

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