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Latest Business News: Motorola in Dreamland

Wochit 0:58 mins

It is no surprise Motorola wants to sell its new flagship phone on customized covers and voice commands. Motorola's new CEO is a salesman, not a phone man. He is staring at -30% operating margins and sweating. How better jack up margins than sell a phone with mid-range specs at a luxury phone price? FX Networks CEO John Landgraf notes that while he'd like to see Netflix release its ratings, he can't force the service. Landgraf also touting the forthcoming launch of younger-skewing network FXX. It took more than 14 months, but Facebook has finally bounced back from a disastrous initial public offering. The social network's shares closed above its offering price of $38 for only the second time in history.

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