Most Popular
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Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
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Wealthy parents ditch Korean passports to get kids into international school
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Man convicted after binge eating to avoid military service
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First snow to fall in Seoul on Wednesday
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Final push to forge UN treaty on plastic pollution set to begin in Busan
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Korea to hold own memorial for forced labor victims, boycotting Japan’s
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S. Korea not to attend Sado mine memorial: foreign ministry
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Nvidia CEO signals Samsung’s imminent shipment of AI chips
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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Job creation lowest on record among under-30s
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EU official: banks agree 50 percent cut on Greek debt
BRUSSELS (AP) -- Private investors agreed Thursday morning to accept losses of 50 percent on their Greek bonds, a European Union official said, removing the last apparent roadblock to a broad plan to solve the continent’s debt crisis.The deal with private creditors would significantly cut Greece’s d
Oct. 27, 2011
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Amazon Q3 net income sinks, missing analyst views
SAN FRANCISCO (AP) ― Amazon’s spending on expansion will eventually help its bottom line, but right now it’s costing the online retailer on Wall Street.The Seattle-based company’s third-quarter net income fell 73 percent despite revenue growth as Amazon built sales fulfillment centers at a rapid clip. Neither that drop nor its revenue outlook for the current quarter made investors happy.Its stock fell more than 12 percent after hours.Amazon.com Inc. earned $63 million, or 14 cents per share, for
Oct. 26, 2011
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Google faces more government demands for user information
SAN FRANCISCO (AP) ― Google is dealing with more government demands to turn over information about its users as more people immerse themselves online.The mounting pressure on the Internet search leader emerged in a statistical snapshot that Google Inc. released Tuesday of its dealings with authorities around the world. Google provided a country-by-country capsule of its legal sparring with authorities during the first six months of the year.This is the fourth time Google has disclosed a six-mont
Oct. 26, 2011
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Consumer Reports says Ford’s quality slips
DETROIT (AP) ― Quality should be Job 1 at Ford again.The brand’s ranking fell 10 spots in Consumer Reports’ annual auto reliability survey, hurt by glitchy touch screens and transmissions. It now ranks 20th out of 28 major brands, based on a survey of the magazine’s subscribers.The Dearborn, Michigan, automaker had been closing the quality gap with Japanese brands in recent years, but it may need to take its own advice from a 1980s ad campaign, in which it told viewers that “Quality is Job 1.”Ja
Oct. 26, 2011
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Apple TV effort said to be led by iTunes creator
Apple Inc. is turning to the software engineer who built iTunes to help lead its development of a television set, according to three people with knowledge of the project. Jeff Robbin, who helped create the iPod in addition to the iTunes media store, is now guiding Apple’s internal development of the new TV effort, said the people, who declined to be identified because his role isn’t public. Robbin’s involvement is a sign of Apple’s commitment to extending its leadership in smartphones and tablet
Oct. 25, 2011
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Volkswagen to become world’s top carmaker
General Motors to remain second as Toyota loses crownVolkswagen AG will probably become the world’s biggest carmaker this year, vaulting past Toyota Motor Corp. and General Motors Co. on gains in emerging markets. The German company’s sales, third among carmakers in 2010, will probably rise 13 percent to 8.1 million vehicles this year, based on the average of three analysts surveyed by Bloomberg. GM sales will gain about 8 percent to 7.55 million, while Toyota will drop 9 percent to 7.27 million
Oct. 25, 2011
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China economic growth will falter: BlackRock
A near doubling in the Chinese economy’s reliance on credit over the past decade will prompt slower growth in coming years, risking diminished returns for investors, according to research by BlackRock Inc. China’s gross domestic product will rise at a 7 percent to 8 percent pace in the next few years, said analysts at the BlackRock Investment Institute, a London-based unit of the world’s biggest money manager, down from 10.5 percent in the past decade. One yuan of GDP now needs about 0.30 yuan o
Oct. 25, 2011
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Solar power beginning to go mainstream
NEW YORK (AP) ― Solar energy may finally get its day in the sun.The high costs that for years made it impractical as a mainstream source of energy are plummeting. Real estate companies are racing to install solar panels on office buildings. Utilities are erecting large solar panel “farms” near big cities and in desolate deserts. And creative financing plans are making solar more realistic than ever for homes.Solar power installations doubled in the United States last year and are expected to dou
Oct. 24, 2011
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Nissan eyes 1.5m electric cars by 2016
TOKYO (AFP) ― Japanese auto giant Nissan is aiming to sell 1.5 million electric vehicles around the world by 2016, the company said Monday, as it looks to capitalize on growing demand for green products.Japan’s second-largest automaker behind Toyota said it wants to be the world’s largest player in so-called “zero-emission vehicles”, including a new fuel cell electric vehicle developed with Daimler.The company, which is 43.8 percent owned by French partner Renault, has sold 15,000 Leaf electric
Oct. 24, 2011
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Japan’s exports expand in Sept.
Japan’s exports increased more than expected in September as demand for cars and auto parts rose, a sign the recovery in shipments is withstanding a weakening global economy. Shipments rose 2.4 percent last month from a year earlier, the Ministry of Finance said in Tokyo Monday. The median estimate of 26 economists surveyed by Bloomberg was for a 1 percent increase after a 2.8 percent gain in August. The nation posted a trade surplus of 300 billion yen ($3.9 billion). Exports have rebounded as c
Oct. 24, 2011
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Apple posts video of Jobs memorial
SAN FRANCISCO (AP) ― Apple is allowing the general public to get a look at a star-studded memorial service it held for employees to celebrate the life of Steve Jobs at its California headquarters last week.Apple Inc. posted a link on its website late Sunday to a video of the service, which was held on Wednesday morning in an outdoor amphitheater in the center of the company’s campus. The ceremony was intensely private. It was closed to the public and media handlers shooed reporters away from App
Oct. 24, 2011
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Global ban on exports of toxic waste advances
CARTAGENA, Colombia (AP) ― More than 170 countries agreed Friday to accelerate adoption of a global ban on the export of hazardous wastes, including old electronics, to developing countries.The environmental group Basel Action Network called the deal, which was brokered by Switzerland and Indonesia,
Oct. 23, 2011
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Fired Olympus CEO dismisses internal probe
LONDON (AP) ― The ousted chief executive of Japan’s Olympus Corp. says the company isn’t doing enough to investigate a massive $687 million payment to mysterious financial advisers as part of a takeover.The camera and medical device maker says outside lawyers and accountants will be part of what it
Oct. 23, 2011
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Google mulling role in possible bid for Yahoo
NEW YORK (AP) ― Google is exploring the possibility of helping to finance a possible deal by others to acquire Internet search company Yahoo, according to a report published by the Wall Street Journal on Saturday.Google Inc. has talked to at least two-private equity firms about potentially assisting
Oct. 23, 2011
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Japan to take ‘decisive action’ against yen’s rise
TOKYO (AFP) ― Japan’s finance minister vowed to take “decisive action” against speculative moves in currency markets after the yen hit a record high against the dollar, Kyodo news agency reported.The dollar touched 75.78 yen in New York on Friday, breaking its record low of 75.95 yen on Aug. 19 as y
Oct. 23, 2011
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Eurozone crisis efforts in disarray amid divisions
BRUSSELS (AP) ― Europe’s efforts to solve its escalating debt crisis plunged into disarray, after Germany and France could not bridge their differences in time for a summit Sunday, forcing them to call a second meeting.Sunday’s summit was supposed to deliver a comprehensive plan to finally get a gri
Oct. 21, 2011
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Greece: Riots as austerity steps get first approval
A protester throws a stone at Greek riot police, during clashes on Wednesday. (AP-Yonhap News)ATHENS (AP) ― Hundreds of youths smashed and looted stores in central Athens and clashed with riot police during a massive anti-government rally against painful new austerity measures that won initial parli
Oct. 20, 2011
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Greece: Riots as austerity steps get 1st approval
ATHENS, Greece (AP) _ Hundreds of youths have smashed and looted stores in central Athens and clashed with riot police during a massive anti-government rally against painful new austerity measures that won initial parliamentary approval in a vote.Wednesday's rioting came on the first day of a 48-hou
Oct. 20, 2011
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Intel’s Q3 sings but global computer market out of tune
SAN FRANCISCO (AP) ― Intel Corp.’s third-quarter results Tuesday offered some comfort for investors jittery about the weak state of the global computer market.Net income rose 17 percent and revenue rose 29 percent, topping Wall Street targets.Intel CEO Paul Otellini credited stronger sales of proces
Oct. 19, 2011
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Oil price to rise without Mideast investment
IEA chief economist: $1.5 trillion a year to keep energy flowingPARIS (AP) ― A reluctance to invest in energy infrastructure in Middle Eastern and North African countries, partially because of unrest in the region, could drive up oil prices, an economist warned Tuesday.Fatih Birol, the chief ec
Oct. 19, 2011
