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Tue, Sep 14, 2010 - Page 10 News List

World Business Quick Take


YouTube to stream live

YouTube is making its long expected foray into live streaming by launching an experimental trial with four new media partners. The new live streaming platform will be previewed in a two-day trial that was to begin yesterday, but is expected to later grow considerably across the Google Inc-owned Web site. For the last two years, YouTube has offered numerous events live. However, for all of those events, YouTube relied on third-party technology to enable the live Webcasts.


HP eyes ArcSight: report

Hewlett-Packard Co (HP) has agreed to buy the security software provider ArcSight for about US$1.5 billion, the company said yesterday as it extends a recent spree of acquisitions. It’s one of a string of deals that has taken HP beyond the low-margin personal computer market. ArcSight Inc, based in California, helps organizations keep tabs on the data flowing through their computer networks and analyze it for signs of hacking, theft or fraud. HP said it would offer ArcSight stockholders US$43.50 per share in cash. That’s a 24 percent premium over the ArcSight’s closing share price on Friday.


SK Telecom looks to China

SK Telecom Co, South Korea’s largest wireless operator, is in talks with MtekVision Co, a maker of semiconductors used in communication devices, on a joint investment in China, officials at the companies said. SK and MtekVision are considering a business that can localize chip-designing process in China, including creating a research company, Jeff Lee, a spokesman at Seoul-based MtekVision said. The discussions for the venture are part of the wireless operator’s plan to expand into new businesses, said Jun Sung Chul, a spokesman for SK.


Nokia’s phone chief resigns

The head of Nokia Corp’s mobile phones business, Anssi Vanjoki, has announced he is resigning from the company, just three days after the handset maker said it had appointed a new chief executive officer. Nokia says Vanjoki, who is also a member of the executive board, will remain for a six months’ notice period. Vanjoki’s statement came after Nokia announced on Friday that it is replacing chief executive Olli-Pekka Kallasvuo with Microsoft executive Stephen Elop on Sept. 21.

■United Kingdom

Double-dip likely: survey

British businesses believe the country could be headed for a double-dip recession, according to a survey from accountants and business advisers BDO LLP published yesterday. BDO’s optimism index — which reflects how businesses expect trading to develop two quarters ahead — tumbled to 93.1 last month from 95.5 in July, reaching levels not seen since the deepest parts of the recession between November 2008 and July last year.


EU hopeful for S Korea deal

The Belgian presidency of the EU expressed optimism yesterday that Italy would drop its opposition to a free trade deal with South Korea this week. Italy refused on Friday to endorse the free trade agreement because of reservations on the impact it would have on the country’s auto industry, dominated by car and truck giant Fiat. Belgian Foreign Minister Steven Vanackere said that he hoped to “see progress” as he headed to a meeting with EU counterparts in Brussels three days before a summit of heads of state and government.

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