Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
4
First snow to fall in Seoul on Wednesday
-
5
Man convicted after binge eating to avoid military service
-
6
S. Korea not to attend Sado mine memorial: foreign ministry
-
7
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
8
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
9
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
-
10
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
Peugeot debt cut to junk by Moody’s
PSA Peugeot Citroen, Europe’s second-largest carmaker, had its credit rating cut to junk by Moody’s Investor Services, which cited concern about the French company’s deteriorating finances and a jump in net debt. Peugeot’s long-term debt rating was lowered one grade to “Ba1” from “Baa3,” Moody’s said in a statement Thursday. Shares of the automaker, which announced a strategic alliance with General Motors Co., plunged as much as 7.7 percent. Peugeot’s fiscal year 2011 results were “well below Mo
March 2, 2012
-
Google rolls out new privacy policy
Google rolled out a new privacy policy Thursday allowing the firm to track users across various services to develop targeted advertising, despite sharp criticism from U.S. and European consumer advocacy groups.Google contends the move simplifies and unifies its policies across its various services such as Gmail, YouTube, Android mobile systems, social networks and Internet search.“The new policy doesn’t change any existing privacy settings or how any personal information is shared outside of Go
March 2, 2012
-
Peugeot lowered to junk by Moody’s
PSA Peugeot Citroen, Europe’s second-largest carmaker, had its credit rating cut to junk by Moody’s Investor Services, which cited concern about the French company’s deteriorating finances and a jump in net debt. Peugeot’s long-term debt rating was lowered one grade to Ba1 from Baa3, Moody’s said in a statement Thursday. Shares of the automaker, which Wednesday announced a strategic alliance with General Motors Co., plunged as much as 7.7 percent. Peugeot’s fiscal year 2011 results were “well be
March 2, 2012
-
Roddick rolls into quarters at Delray Beach
DELRAY BEACH, Florida (AP) ― Andy Roddick reached his second quarterfinal of the year with a 6-4, 7-5 victory over Denis Istomin of Uzbekistan at the Delray Beach International Tennis Championship on Thursday.The other time the fourth-seeded Roddick reached a quarterfinal this season was in San Jose two weeks ago. He lost that match to Istomin 6-2, 6-4 in their only other career meeting.Roddick is currently ranked No. 30, which is the lowest ranking he’s had since he ranked No. 30 on Aug. 13, 20
March 2, 2012
-
Greece clears final hurdle to get bailout funds
EU leaders to take final decision on Greek package on March 9 ...EU leaders cleared all but the final hurdles to an unprecedented new Greek bailout Thursday as they began debating ways to turn the page on the debt crisis and inject fresh life into strained economies.With recession returning to the eurozone after two years of austerity, EU president Herman Van Rompuy signalled the need for a new agenda arising out of a two-day European Union summit.“I’m not saying we are out of the rut but we hav
March 2, 2012
-
James Murdoch quits role at U.K. newspaper branch
LONDON (AP) ― James Murdoch, his credibility diminished and his future at the helm of his father’s media empire in doubt, has stepped down as executive chairman of News International, the troubled British newspaper subsidiary embroiled in a deepening phone hacking scandal.The move ― which the company cast as allowing Rupert Murdoch’s younger son to focus on News Corp.’s international TV holdings ― plucks the one-time heir apparent out of the cross-hairs of the crisis that has spurred judicial an
March 1, 2012
-
Apple’s market value hits $500 billion
NEW YORK (AP) ― Apple’s market capitalization topped $500 billion Wednesday, climbing to a mountain peak where few companies have ventured ― and none have stayed for long.Apple was already the world’s most valuable company. The gap between it and No. 2 Exxon Mobil Corp. has widened rapidly in the past month, as investors have digested Apple’s report of blow-out holiday-season sales of iPhones and iPads. And, more recently, Apple has raised investors’ hopes that it might institute a dividend.The
March 1, 2012
-
Bernanke notes economy better than expected
WASHINGTON (AP) ― Chairman Ben Bernanke told lawmakers Wednesday that the U.S. economy has performed better in recent months than the Federal Reserve had expected. If the trend continues, he said the Fed might have to reassess its outlook for a slow recovery.Investors appeared to take Bernanke’s more optimistic words as a signal that the Fed is less likely to adopt further steps to boost growth. It could also mean that the Fed could back off its plan to hold its key interest rate near zero until
March 1, 2012
-
Europe bids to turn debt crisis corner
EU to focus on creating, saving jobsBRUSSELS (AFP) ― Europe’s leaders seek to turn the corner on the debt crisis Thursday by mapping out new routes to grow their economies just as a eurozone-wide recession kicks in.After two years in which government debt, bailouts and austerity became bywords for European Union summits, the latest two-day meet starting 6:00 p.m. (1700 GMT) sees the EU move to secure jobs.“I’m sure you will agree, a little less drama will do no-one any harm,” said the head of th
March 1, 2012
-
Apple's market cap tops $500 billion
NEW YORK (AFP) -- Apple shares gained $1.31 percent on Wall Street on Monday and the California gadget-maker closed the day with a market capitalization of more than $500 billion.Apple shares ended the day's trading at $542.44, giving the Cupertino, California-based company a market cap --
March 1, 2012
-
Microsoft sees future in Windows 8 amid iPad rise
SAN FRANCISCO (AP) ― Microsoft is scrambling to preserve what’s left of its kingdom.Since the company released its Windows operating system in 1985, most of the sequels have been variations on the same theme. Not that it mattered much. Regardless of the software’s quality, Microsoft managed to remain at the center of the personal computing universe.The stakes are much different as Microsoft Corp. puts the finishing touches on Windows 8 ― perhaps the most important piece of software the Redmond,
Feb. 29, 2012
-
Eurozone cancels firewall talks on German objections
German reluctance to boost funds to prevent debt contagion pushed the EU on Tuesday into cancelling eurozone talks on the matter despite pressure from G20 ministers.The climate around the eurozone debt crisis blew hot and cold during the day with the EU Commission warning Spain that deficit targets will be applied despite slippage in Spanish progress on public finances.But Portugal passed an EU-IMF audit of its reforms, clearing the way for a new slice of debt rescue aid, although the country ag
Feb. 29, 2012
-
Punchy Obama hits Republicans over auto bailout
WASHINGTON (AFP) ― A pugnacious President Barack Obama tore into Republican opponents Tuesday for fighting his efforts to save the auto industry, accusing them of selling out workers and talking “a load of you-know-what.”In a barn-storming speech to auto workers gathered in the U.S. capital, Obama accused Republicans of being on the wrong side of history and of flagrant pandering to voters.Republican presidential hopefuls Mitt Romney, Rick Santorum and Newt Gingrich have vehemently opposed the $
Feb. 29, 2012
-
Greece approves more budget cuts for bailout
Cabinet agrees on 22% cut in minimum wage, parliament approves spending, pension cutsATHENS (AP) ― Greece’s Parliament late on Tuesday approved new cuts in public sector pensions and government spending required to secure a second package of international rescue loans.Lawmakers voted 202-80 in favor of cutbacks worth a total 3.2 billion euros ($4.31 billion) and aimed at bringing the 2012 budget back in line with targets. Lawmakers from both parties in Prime Minister Lucas Papademos’ coalition,
Feb. 29, 2012
-
Durable goods orders drop by most in 3 years in U.S.
U.S. businesses slashed spending on machinery and equipment in January after a tax break expired, pushing orders for long-lasting manufacturing goods down by the largest amount in three years.Orders for durable goods fell 4 percent last month, the Commerce Department said Tuesday.A big reason for the decline was demand for so-called core capital goods, which are viewed as a good measure of business investment plans, tumbled 4.5 percent. That‘s the biggest drop in a year.Economists attributed muc
Feb. 29, 2012
-
Nokia pins hopes on Windows smartphone
BARCELONA, Spain (AP) ― Struggling cell phone maker Nokia kicked off the world’s largest mobile phone trade show Monday by unveiling a new low-cost Windows smartphone that operators could give away free to customers, and another aimed at snap-happy consumers demanding better photo quality.Chief executive Stephen Elop told reporters at the Mobile World Congress in Barcelona that the new phones ― a low-price euro189 ($254) smartphone that runs on Windows software and a handset with a high-resoluti
Feb. 28, 2012
-
IMF grants Ireland $4.3b bailout installment
The International Monetary Fund on Monday extended a fresh 3.2 billion euros ($4.3 billion) to Ireland as part of its EU-partnered rescue, citing the country’s reform efforts.“The Irish authorities continue to advance wide-ranging reforms to restore the health of the financial system so it can support Ireland’s recovery,” the IMF said in a statement.The IMF executive board approved the disbursement after a review of Ireland’s economic program supported by a three-year IMF loan of 22.6 billion eu
Feb. 28, 2012
-
Detroit automakers race to keep up with sales
DETROIT (AP) ― Auto sales are growing so fast that Detroit can barely keep up.Three years after the U.S. auto industry nearly collapsed, sales of cars and trucks are surging. Sales could exceed 14 million this year, above last year’s 12.8 million.The result: Carmakers are adding shifts and hiring thousands of workers around the country. Carmakers and parts companies added more than 38,000 jobs last year, reaching a total of 717,000. And automakers have announced plans to add another 13,000 this
Feb. 28, 2012
-
Feud over iPad highlights faded tech firm’s woes
The battle between an ailing Chinese electronics maker and Apple Inc. over the iPad name is just as much a tale of obsolescence in the fast-moving global technology industry as it is a legal row over a trademark. A salesman stands in front of an Apple Ipad advertisement board at an Apple store
Feb. 28, 2012
-
S&P says Greece in 'selective default' on bonds
Ratings firm Standard & Poor's on Monday declared Greece in "selective default" after banks agreed to write off more than half of their Greek debt holdings in a second EU bailout of the country.The rating was lowered from S&P's already junk-level "CC" grade for Greece, which has been seeking to avoi
Feb. 28, 2012
