Google is eliminating about 20 percent of the jobs at Motorola Mobility, the struggling cellphone manufacturer it finished acquiring earlier this year for $12.5 billion, according to reports from The New York Times, Dow Jones' All Things Digital blog and other news outlets.
With Republican presidential candidate Mitt Romney's vice presidential pick now in the books (if you somehow escaped the news from the weekend, it's Rep. Paul Ryan of Wisconsin), the presidential campaign shifts into a higher gear this week.
NPR's business news starts with a spike in gas prices.
Gasoline prices jumped 18 cents over the last couple of weeks. That's the biggest increase so far this year. The Lundberg Survey shows that heading into the weekend, the national average price of a gallon of self-serve was $3.69. Now, analysts say the spike is in part because of some refinery and pipeline issues around the country.
Egypt's first freely elected president made history there Sunday by confronting the military power structure. Mohammed Morsi forced top military leaders into retirement and shifted the balance of power to the civilian government. Analysts called it the boldest and most unexpected move of Morsi's fledgling presidency. NPR's Leila Fadel has the story from Cairo.
Researchers used economic principles to predict which countries would win the most medals at the London Olympic Games. The study was 95 percent accurate for the 2008 games. And this time around, it was 97.7 percent accurate.