| Google Searches For Foothold in Video
CEO Eric Schmidt and the founders of Internet search giant Google demonstrated their confidence in the potential of viral videos created by amateur Web surfers with their eye-popping decision last week to shell out $1.65 billion in stock to acquire YouTube. A ROYAL WEB WEDDING The deal marries "two kings" of the Internet — the king of search and the king of grassroots video — as YouTube co-founder Chad Hurley put it in a wacky video he shot with co-founder Steve Chen, which was posted on their Web site last week. Hurley and Chen will be majestically rich as a result of the buyout, which comes less than a year after YouTube officially launched. But buying YouTube doesn't mean that Google stays at the top of the fast-moving heap of competitors in online video.
Japan launch qualifying campaign
That's the way we can improve," Okada said. Okada, the first Japanese to coach the national team in nearly a decade, has said he wants the Japanese to make use of their strengths such as technique and work around weak spots, including by avoiding aggressive clashes. It will be the first time that Japan play Chile, whose Argentine coach Marcelo Bielsa is looking for his third win in seven games since taking over the national team in August last year. The squad, whose country is in the midst of summer, have been training in Japan in a bid to get the players used to the near-freezing temperatures. "If we run around enough, I think we'll be calmer. We've got to get used to the weather," goalkeeper Christopher Toselli said. In the 10-nation South American qualifying round, Chile have one win, one draw, two defeats and lie in seventh place.
Nasdaq Threatens To Lodge 9th Straight Loss
Stocks were following a by-now-familiar pattern: An early attempt at the upside was fizzling. The Nasdaq, which had climbed 0.9% early in the day, had fallen 0.1% by 12:55 p.m. EST. The Dow and S&P 500 each had whittled away all but 0.1% of their gains. Volume was running higher across the board. When the market falls into a correction, often the leading groups fall harder than most. Such is the case today in the solar-power family, a group of stocks that had been soaring for months. First Solar (FSLR), a leader in the industry, plummeted 17.80 to 212.70 and sliced through its 10-week moving average. SunPower (SPWR) fell 8.62 to 106.5. It had lost its 10-week line Monday. JA Solar (JASO) fell 6.72 to 65.55, but still stood above its 10-week line. Suntech Power Holdings (STP) slid 8.33 to 66.77.
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