Hi Jigensh,
Unistall the liveupdate from the system.
Delete the entry go through the following steps. Take backup before changing registry key
1.Open regedit
2. Navigate this key
HKEY_CURRENT_USER\Software\Microsoft\Internet Explorer\Main
3.Delete the URL link.
4.Now you open the internet explorer, here it will not redirect.
Install Live update
Once you have reinstalled go to start--> Run and type luall.exe.
Check whether liveupdate is connecting to liveupdate.symantecliveupdate.com After download is complete check the IE settings.