Business Briefs

LAKE FOREST

Brunswick 3Q loss: Brunswick Corp. reported a narrower-than-expected quarterly loss Thursday as aggressive cost-cutting helped offset continued weakness in the marine market. The world's largest maker of recreational boats as well as bowling, billiards and fitness products posted a third-quarter net loss of $114.3 million, or $1.29 a share, compared with a net loss of $729.1 million, or $8.26 a share, a year earlier. Sales fell 36 percent to $665.8 million.

Tenneco funding: Lake Forest-based Tenneco Inc. said Thursday it has been awarded a $24 million conditional loan commitment as part of the U.S. Department of Energy's Advanced Technology Vehicles Manufacturing Incentive Program. The funding will support the engineering and manufacturing of emission control products designed to achieve environmental and fuel efficiency objectives for nine advanced technology vehicle programs. Tenneco is the first automotive parts supplier to be selected by the Department of Energy to receive federal loans from the ATVM incentive program. Four vehicle manufacturers have also been awarded conditional loans under the $25 billion ATVM program.

Schaumburg

Motorola profit: Motorola Inc. reported an unexpected quarterly profit Thursday as operating losses in its struggling mobile phone division narrowed. The company also forecast stronger-than-anticipated earnings for the current period. The results marked Motorola's second straight quarterly profit after months of heavy losses and shrinking market share in the cell phone business. Motorola also said it has named Edward Fitzpatrick, the company's acting chief financial officer since February, as permanent CFO. Fitzpatrick, 43, has been with the company since 2000.