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Foreign business news in brief

Foreign business news in brief including from Seoul that Samsung Electronics Co Ltd said that it has signed a contract to buy a 5% stake in Symbian Ltd of the UK for £17mil in a bid to enter the Symbian OS-based smart phone market.


Challenges facing telco sector

IN the early 1990s, the cellular phenomenon took place with glowing industry fundamentals; strong surge in phone sales, subscribers and coverage. Investors simply could not get enough of these stocks.


US stocks mixed on disappointing construction report

A drop in housing starts and a rally in the U.S. dollar on currency markets sent stocks lower Wednesday as the news gave investors an incentive to collect profits.


Challenges facing the music industry

Music is a dominant commercial art form, involving a wide network of people and industries. In the age of globalisation, music is a universal tool for communication that transcends age and generation gaps, doubling as a lucrative export commodity.


Bharti eyes higher share in booming market

India's largest mobile operator Bharti Televentures expects the explosive growth in mobile users to continue and has set its sights on a higher share of the market, its chairman said on Tuesday.


Virgin Mobile sets price for share offering

Virgin Mobile USA Inc, a venture of Sprint Nextel Corp and Richard Branson's Virgin Group on Tuesday set a price range of US$15 to US$17 a share for a planned initial public offering to raise up to US$467.5mil.


US households spend more on cell phones than land lines

WASHINGTON (AP) - With Americans cutting the cord to their land lines, 2007 is likely to be the first calendar year in which U.S. households spend more on cell phone services, industry and government officials say.


Nokia, Qualcomm settle long-running dispute

SAN DIEGO (AP) - Nokia Corp. and Qualcomm Inc. said Wednesday they agreed to settle a high-stakes licensing dispute and end a bitter legal battle that has lasted nearly three years and spanned three continents.


Food and mobile phone sectors thriving despite economic woes

AT a time when consumer spending is expected to slow down, two sectors seem to indicate they may be relatively resilient - food and beverage (FB) and mobile phone communications.


Trade mission to gather info on wireless tech

DUE to the rising need for information technology and communication (ICT) exchange, the MCA ICT Resource Centre (MIRC) is sending 30 young entrepreneurs on a trade mission to Singapore on April 23.