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The Business Matrix: Tuesday 14 August 2012
Japan feels pain from euro woes
Plunging demand from consumers in the eurozone hit the Japanese economy far harder than expected over the past three months, figures showed yesterday. The world's third-biggest economy grew only 0.3 per cent between April and June – much worse than the first-quarter's 1 per cent growth.
Google to axe Motorola jobs
The 20,000 employees of Motorola Mobility, the smartphone maker, got a taste of life under their new owner, Google, yesterday, when they were told one in five of them would lose their jobs. A third of the company's offices will close, as Google struggles to streamline the business it bought earlier this year.
United shares 'are worth less than $5'
In a fresh blow to Manchester United's already troubled stock market flotation yesterday, a US research team said the shares were worth less than $5 each. That compares with the $14 at which the shares joined the New York Stock Exchange on Friday.
Regulator probes PWC's Tenon role
The Accountancy and Actuarial Discipline Board is to investigate auditing giant PricewaterhouseCoopers over its role at RSM Tenon the much smaller accountant which found "black holes" in its accounts. Tenon said it will co-operate fully.
- 1 Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
- 2 Nick Kyrgios calls former Olympian Dawn Fraser a 'blatant racist' after she tells Wimbledon star to 'go back where their parents came from'
- 3 World learns of app that shows you who unfriended you on Facebook, app promptly crashes
- 4 Chris Moyles reportedly set to make radio comeback with new breakfast show on XFM
- 5 The Greece debt crisis explained in less than 100 words