CEA Says Weekend Gift Spending To Reach $44 Billion

Consumers will spend $43.7 billion on holiday gifts this Thanksgiving weekend with nearly 70 million U.S. adults shopping on Black Friday, according to interim results from the Consumer Electronics Association's (CEA) annual Black Friday Survey.

Motorola Mobility Pulls From Europe and India

In an effort to cuts its losses, Motorola Mobility is closing its shops in Eastern, Western and Northern Europe as well as in India, along with its web sites.