Business Word Update

Snap up
Cisco snapped up its Internet-related products to work, play, and communicate online.

Carp about
The request couldn't be better timed, say industry insiders. While some critics in the music industry have carped about Apple's strategy for years, the industry as a whole has been showing an increasing openness to loosening at least some demands.

Carve out
Barroso is pushing EU governments to shift the 27-nation bloc to a low carbon economy as a way of tackling global warming, and carving out a new industrial niche for European industries, which the EU chief has called his new top priority.

Feb 3

Spook:
What spooked the market even more was that Ericsson said it now expects "mid-single digit" growth this year, which the Street interprets to mean 5%.

upstream:
To escape sagging prices, telecom suppliers are trying to move upstream by delivering more "value-added" professional services, such as consulting, maintenance, and even outsourced network management.

stand someone in good stead:
That lead should stand Ericsson in good stead this year, when the wireless infrastructure market worldwide could grow just 2% to 4%, according to Nomura Securities.

exploitation:
Facing mounting accusations of Chinese exploitation of African labor and resources

convene
If that fails, a WTO hearing panel will be convened and if the United States wins the case, it will be allowed to impose economic sanctions on Chinese products.