Google Plans 4,000 Job Cuts at Motorola Mobility

Aug. 13 (Bloomberg) -- In "Street News," Bloomberg's Scarlet Fu reports on today's top stories including Julius Baer buys Merrill Lynch's non-U.S. wealth unit for nearly $900 million, Japan's economy grows slower than expected in the second quarter, Google plans to cut 4,000 jobs at Motorola Mobility and "The Bourne Legacy" takes the top sport at the weekend box office. She speaks on Bloomberg Television's "Bloomberg Surveillance."
'Time to De-Socialize' U.S. Housing Market: Lockhart
51:51 - James Lockhart, vice chairman of WL Ross & Co., talks about the state of the U.S. mortgage market and the outlook for Fannie Mae and Freddie Mac. He speaking with Tom Keene, Vonnie Quinn and Bloomberg Intelligence's Carl Riccadonna on Bloomberg Television's "Surveillance," also discusses the Greek debt crisis. (Source: Bloomberg)
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