Motorola Splits: Motorola Mobility Holdings, Motorola Solutions Begin Trading

NEW YORK — After years of preparation, consumer-electronics pioneer Motorola Inc. formally split into two companies on Tuesday – one for its consumer-oriented businesses such as cell phones, and the other for police radios and ot…

NEW YORK — After years of preparation, consumer-electronics pioneer Motorola Inc. formally split into two companies on Tuesday – one for its consumer-oriented businesses such as cell phones, and the other for police radios and other products targeted at professionals.

In midday Tuesday, shares of the consumer-focused Motorola Mobility Holdings Inc. climbed $2.44, or 8.1 percent, to $32.68 after rising as high as $33.45 earlier in the session, while its other business, Motorola Solutions Inc. fell 7 cents to $37.41. The shares were trading on the New York Stock Exchange with the ticket symbols MMI and MSI, respectively.

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