Sun, Jan 09, 2011 - Page 11 News List

Business Quick Take

Agencies

TECHNOLOGY

ITRI promotes new standard

Taiwan’s semi-official Industrial Technology Research Institute (ITRI) announced on Friday that it would partner with Bit-Torrent Inc, a US-based file sharing service provider, to deploy new standards for consumer electronics device manufacturers. BitTorrent, which has amassed 100 million community users for its multimedia content on all forms of electronic devices, is promoting the “Bit-Torrent Certified” standard that ensures compatibility among software, devices and content within the ecosystem. Devices with the proof-of-concept standard, like a computer in the shape of a vase, are being featured by ITRI and BitTorrent at the Consumer Electronics Show in Las Vegas, ITRI said in an e-mail statement. ITRI will work with BitTorrent to promote the BT logo and industry standards, such as jointly developing next-generation peer-to-peer and cloud computing technologies.

TELECOMS

Verizon reignites rumors

Verizon Wireless says it will hold a press conference on Tuesday, reigniting rumors that it will become the second US carrier to sell Apple Inc’s iPhone. At the International Consumer Electronics Show this week in Las Vegas, Verizon unveiled phones and tablets that will run on its next-generation wireless network, making it significant that Verizon will still have an announcement big enough to warrant a press conference in New York a week later. Rumors that Verizon would carry the iPhone have become louder in recent months, as AT&T Inc is believed to be nearing the end of its exclusive hold on the iPhone.

AUTOMAKERS

Saab names interim CEO

Saab Automobile AB on Friday replaced its top executive in the US, naming Matthias Seidl interim CEO for Detroit-based Saab Cars North America effective immediately. Seidl replaced Michael Colleran, who resigned “to pursue further career opportunities,” Saab said in a statement. Jan Ake Jonsson, president and CEO of Saab Automobile AB, said Seidl temporarily takes on responsibility for Saab Cars North America in addition to his current position as executive director of global sales.

POSTAL SERVICES

US firms investigated

The US Justice Department is investigating claims of anti-competitive behavior by shipping companies FedEx Corp and UPS Inc. Los Angeles attorney Maxwell Blecher says in a sworn court document that a federal antitrust attorney called him and disclosed the investigation. The Justice Department declined to confirm the investigation on Friday. FedEx and UPS say they are aware of the investigation. Blecher represents a firm called AFMS that helps companies negotiate lower rates from UPS and FedEx. The company’s federal lawsuit says UPS and FedEx announced on the same day that they would no longer deal with such consultants.

PHARMACEUTICALS

Genzyme, Sanofi eye deal

US biotech drugmaker Genzyme Corp is discussing a more lucrative deal with French giant Sanofi-Aventis, which has been unsuccessfully pursuing the company since July, the Wall Street Journal reported on Friday. According to persons cited by the Journal, the companies are discussing an agreement that would value Genzyme at US$20.7 billion, or US$80 per share. Cambridge, Massachusetts-based Genzyme has repeatedly rejected Sanofi’s takeover bid of US$18.5 billion, or US$69 per share. The Journal identified the sources as “people familiar with the matter.”

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