Viacom profit falls 69 per cent
ý Media conglomerate Viacom Inc. says its fourth-quarter profit fell 69 per cent as the recession hurt its overall growth and it reported $454-million in restructuring and other charges.
Cellphone maker Motorola Inc. said Wednesday its net profits fell 84 per cent in the fourth quarter and warned that the recovery in its struggling handset unit will take longer than expected.