Browse content similar to 19/02/2013. Check below for episodes and series from the same categories and more!
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headlines from BBC World News. It's type for the latest financial news | :00:04. | :00:10. | |
with World Business -- time for the latest financial news with World | :00:10. | :00:20. | |
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Business Report. Does not compute - growing anger from Dell's | :00:23. | :00:29. | |
shareholders who say the PC-maker's buyout deal doesn't add up. Change | :00:29. | :00:34. | |
corporate Italy's behaviour, not its laws - advice from a former PM | :00:34. | :00:44. | |
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to a future successor in an Hello and welcome. You're with | :00:44. | :00:50. | |
World Business Report. Also to come - Amazon making bad headlines in | :00:50. | :00:54. | |
Europe again. We look at why it's had to sever its ties with a German | :00:54. | :00:59. | |
security company. First, some years ago Michael Dell offered Apple's | :00:59. | :01:04. | |
founder, Steve Jobs, some advice - shut down the company and give the | :01:04. | :01:09. | |
money back to shareholders. At the time Apple was in trouble and its | :01:09. | :01:14. | |
share prices had plummeted. Now the tables have turned. Mr Dell is | :01:14. | :01:19. | |
offering to give money back to shareholders and turn itback into a | :01:19. | :01:22. | |
private company. So today's earnings report could be its last. | :01:22. | :01:29. | |
But not everyone is convinced by the offer. This is what a personal | :01:29. | :01:33. | |
computer looks like 25 years ago when Dell first got into the | :01:33. | :01:39. | |
business. Since then, much has changed. Tablets and mobile devices | :01:39. | :01:43. | |
have become more sophisticated and more popular. Take a look at the | :01:43. | :01:48. | |
Dell stock. You can see it's really been on decline over the last year. | :01:48. | :01:53. | |
That's because there's just not as much demand for a personal computer. | :01:53. | :01:57. | |
Shareholders aren't exactly happy with the proposed deal either, | :01:57. | :02:01. | |
saying it doesn't reflect the actual value of the company. | :02:01. | :02:06. | |
they vote down the deal, we go back to the status quo. They have turned | :02:06. | :02:10. | |
down, they have not approved the merger agreement. You need the | :02:10. | :02:14. | |
approval to go forward with the transaction. By taking the company | :02:14. | :02:19. | |
private, founder and CEO Michael Dell wants to change it from being | :02:19. | :02:23. | |
primarily a computer-making business to a full-service IT | :02:23. | :02:28. | |
company, or possibly something more. Ultimately, I don't think he would | :02:28. | :02:31. | |
be taking the company private because his name is on the computer | :02:31. | :02:38. | |
and on the door. I think he has a real plan and that's why. He's | :02:38. | :02:42. | |
opportunistic too. At this point he's happy the stock is created and | :02:42. | :02:46. | |
he'll be glad to take it off shareholders' hands at a decent | :02:46. | :02:50. | |
price. The vote on the buyout isn't going to happen for another several | :02:50. | :02:54. | |
months, leaving some to wonder whether shareholders are making | :02:54. | :03:04. | |
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noise now as a way to get more money out of the Dell. Bureaucracy, | :03:05. | :03:09. | |
corruption and tax evasion are the biggest ocisticles to investing in | :03:09. | :03:14. | |
Italy - that's the view of Romano Prodi. He should know. Italy's | :03:14. | :03:18. | |
former PM says the country needs a change in behaviour, rather than | :03:18. | :03:23. | |
more changes to the law. Mr Prodi told our Europe business | :03:23. | :03:28. | |
correspondent that he hoped a new government would herald a new | :03:28. | :03:33. | |
progressive culture in business. Romano Prodi has direct and bitter- | :03:33. | :03:38. | |
sweet experience of trying to rebuild Italy's economy. His | :03:38. | :03:42. | |
government ended after two years in 2008. Now days before the polls, he | :03:42. | :03:47. | |
says the priority is to step up the fight against red tape and | :03:47. | :03:51. | |
criminality. President Prodi, you've been following the campaign | :03:51. | :03:54. | |
very closely and the prospects for the new government. What reforms | :03:55. | :04:00. | |
would you say are most important for them to pursue when they're in | :04:00. | :04:09. | |
office? To have foreign investments fighting against criminality. There | :04:09. | :04:16. | |
are so many choices. So when I look at business, I think, "Why invest | :04:16. | :04:21. | |
in Italy with this problem?" The second is tax evasion. You never | :04:21. | :04:31. | |
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know how to behave. But the most important is bureaucracy. Giving | :04:32. | :04:42. | |
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permission for building in this progress. But the Monti government | :04:48. | :04:52. | |
lost momentum towards the end. People worried the impetus for the | :04:52. | :04:56. | |
reforms has slowed down without a real economic crisis and vested | :04:56. | :05:04. | |
interest will head the reforms off. The Monti government was backed by | :05:04. | :05:09. | |
three parties that held a completely different platform. We | :05:09. | :05:16. | |
need a clear majority, not an emergency government. One complaint | :05:16. | :05:22. | |
is that politicians are too busy trying to save the old Italy and | :05:22. | :05:24. | |
its old companies and old professional interests and don't do | :05:24. | :05:34. | |
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enough to help a new wave of business people? One third are | :05:35. | :05:43. | |
still without modern structure. So the politicians are obliged to | :05:43. | :05:50. | |
reflect this in society. The former Italian PM there. Amazon sacked a | :05:50. | :05:53. | |
security firm at the centre of a row over alleged threats and | :05:53. | :05:57. | |
intimidation of its staff. The German Government has launched an | :05:57. | :06:02. | |
investigation into claims of heavy- handed tactics rb discrimination | :06:02. | :06:09. | |
and mis-- tactics, discrimination and mistreatment. Hensel hired | :06:09. | :06:14. | |
thousands of staff from all over Europe to help with the Christmas | :06:14. | :06:18. | |
rush. Boeing has reported to be working on a temporary solution to | :06:18. | :06:23. | |
get its Dreamliner jets flying again. 50 planes were grounded by | :06:23. | :06:28. | |
safety officials after a battery fire forced a plane to make an | :06:29. | :06:32. | |
emergency landing. According to the Seattle Times, the company has come | :06:32. | :06:40. | |
up with a plan to encase the batteries with a special steel box. | :06:40. | :06:44. | |
The latest cyber attack to hit corporate America has left a bitter | :06:44. | :06:53. | |
taste in the mouth of Burger King. The Twitter account hacked. The | :06:53. | :06:59. | |
profile picture was replaced with McDonald's. Football is a | :06:59. | :07:01. | |
multimillion-dollar global industry and where there's honest money to | :07:01. | :07:05. | |
be made, there are people who will try and cheat the system. In Europe, | :07:05. | :07:09. | |
the outcome of hundreds of matches may have been fixed. Officials are | :07:09. | :07:13. | |
investigating the matter. They could look to China for lessons on | :07:13. | :07:16. | |
how to tackle the problem. It's just completed a 3-year | :07:16. | :07:20. | |
investigation into match-fixing there. Dozens of officials and | :07:20. | :07:26. | |
players have been jailed. Let's speak to our correspondent now. | :07:26. | :07:34. | |
John, tell us more about what's been going on in China? It's a | :07:34. | :07:41. | |
long-running investigation this one. Last year we saw dozens of players, | :07:41. | :07:47. | |
officials, referees, even jailed for their part in the match-fixing | :07:47. | :07:52. | |
and bribery. Some prison sentences handed down in excess of 10 years. | :07:52. | :07:56. | |
What we have today is Chinese football, now the judicial part of | :07:56. | :08:02. | |
the investigation is over, handing out its own punishments. 33 | :08:02. | :08:10. | |
individuals given life bans from soccer. 12 clubs facing sanction, | :08:10. | :08:16. | |
including the biggest club in this city, having its 2003 league title | :08:16. | :08:19. | |
stripped from it. Pretty punitive action. As you say, for a long time | :08:19. | :08:25. | |
as a result of this investigation, China was seen as typifying the | :08:25. | :08:28. | |
dirtiest end of the business of football around the world, if you | :08:28. | :08:31. | |
like. As a result of what we've been hearing in Europe in recent | :08:32. | :08:35. | |
weeks, perhaps some will be thinking now they can learn | :08:35. | :08:38. | |
something from China in terms of the way it's been cleaning out the | :08:38. | :08:42. | |
stables here. What impact has had it on the game there? Are the | :08:42. | :08:47. | |
stables cleaned out? It's very difficult to say. You can't doubt | :08:47. | :08:54. | |
this has been a pretty big investigation. Nobody, no matter | :08:54. | :08:58. | |
how senior, have been left untouched. Two former heads of the | :08:58. | :09:02. | |
Chinese Football Association are now in prison. China's most famous | :09:02. | :09:08. | |
referee is in prison. This has been an investigation that has certainly, | :09:08. | :09:15. | |
in terms of the punishments handed out, been pretty severe. There is a | :09:15. | :09:24. | |
huge amount of money in Chinese football. I think a lot of people | :09:24. | :09:29. | |
say the real reform, the grass- roots type of reform, getting | :09:29. | :09:32. | |
youngsters into the game and building facilities - not a lot of | :09:32. | :09:37. | |
that is happening. It's been a pretty thorough investigation, | :09:37. | :09:40. | |
leading to some very serious criminal sanctions. It may well be | :09:40. | :09:44. | |
football associations around the world will be looking to China as | :09:44. | :09:50. | |
an example. Very interesting. Thank you very much. Let's now talk you | :09:50. | :09:57. | |
through the financial markets. The big winner today in Tokyo is | :09:57. | :10:03. | |
Bridgestone Tyres. Its shares were up around 9% today. They reported a | :10:03. | :10:09. | |
67% jump in net profits. They forecast higher -- forecasted | :10:09. | :10:13. | |
higher earnings. In Australia, they had quite good news. Demand for raw | :10:13. | :10:17. |