[h=3]Harley-Davidson third-qaurter profit falls, stock hits two-year low[/h]Motorcycle manufacturer Harley-Davidson Inc. on Tuesday posted lower quarterly earnings, reduced profit guidance and said it planned to eliminate jobs, sending the company's shares to a two-year low. "The marketplace has thrown us some curveballs this year,"chief executive Matt Levatich, said after the company reported weaker sales and earnings that fell below analysts' guidance. Harley-Davidson said it plans to incur a one-time charge of $30 million to $35 million in the fourth quarter for a reorganization and job cuts which would increase funding for marketing and product redevelopment.
[h=3]Angry Birds maker Rovio to cut 213 jobs and spin off learning business[/h]Finland's Rovio, maker of hit mobile phone game Angry Birds, said it will axe about a third of its workforce and will spin off its learning business to focus on games, media and consumer products. The company will cut 213 jobs, having said in August it planned to slash up to 260 jobs when it forecast flat sales and falling profits for the full year. Rovio has failed to create new hit games since the 2009 launch of Angry Birds, the top paid mobile app of all time, though it has tried to capitalise on its most successful brand by licensing its use on a string of consumer products.