Billionaire investor Carl Icahn reported increasing his stake in Motorola Inc. to 7.6 percent from 6.4 percent in a filing Wednesday with the Securities and Exchange Commission.

Among the sector activity stories for Wednesday, May 7, from AP Financial News:

Most handset stocks dipped Wednesday, with Motorola Inc.'s shares declining even as an analyst indicated the struggling cell phone maker is likely to benefit from the combination of Clearwire and Sprint Nextel Corp.'s wireless broadband units.

Shares of Multi-Fineline Electronix Inc. surged in Wednesday morning trading after the electronics components maker's fiscal second-quarter results exceeded analyst expectations.

Billionaire investor Carl Icahn on Wednesday reported increasing his stake in Motorola Inc. to 7.6 percent from 6.4 percent in a filing with the Securities and Exchange Commission.

Mobile device maker Motorola Inc. said Tuesday its board declared a regular quarterly dividend of 5 cents per share.

Malaysia's government promised Monday not to deter foreign investments in the five states it lost to an opposition alliance in recent elections.

The technology sector's week kicked off with solid first-quarter earnings from Verizon and ended with the Microsoft-Yahoo takeover saga intensifying amid reports that the two were in active talks and the software giant has raised its bid for the Internet icon.

Motorola said on Thursday its quarterly loss widened on cell phone sales that were at the low end of expectations, signaling further market share losses to Nokia and other rivals.

Former AT&T chief executive David Dorman will become Motorola's non-executive chairman next month as the struggling cell phone maker tries to fix its slumping fortunes and split itself into two companies.

Motorola said Monday it has settled all litigation with billionaire investor Carl Icahn ahead of the cellphone maker's annual meeting and agreed to name two of Icahn's nominees to its board of directors.

Major stock indexes ticked higher Friday though the market was broadly mixed. General Motors skidded, while UBS shares advanced.

Stocks opened flat Friday as investors shrugged off a worse-than-expected March employment report.

Mobile phone maker Motorola said after U.S. markets closed Thursday that it was cutting jobs and paying severance payments to around 2,600 workers, resulting in a net pre-tax charge in the first quarter of around $104 million.

Research In Motion reported a fourth-quarter profit that more than doubled and beat expectations, and the company delivered a strong outlook.