Motorola Plans 2 Securities Offerings

Motorola Inc. said it plans to raise as much as $1.4 billion from two securities offerings, and use the proceeds to cut short-term debt and for general corporate purposes. The Schaumburg, Ill.-based company, whose debt was downgraded last week, is cutting 26% of its employees this year amid a global slump in demand for telecommunications equipment and expects to post its first full-year operating loss in at least 45 years.