Most Popular
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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S. Korean children, teens grow taller, mature faster than before: study
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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Army takes group action against Hybe for neglecting BTS
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Some junior doctors are returning: Health Ministry
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[Robert J. Fouser] AI changes rationale for learning languages
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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Woman dangling from power lines rescued by residents holding blanket
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Student sues over urinating in bucket
A 14-year-old girl filed a claim against San Diego Unified School District, saying a teacher told her to urinate in a bucket instead of visiting the bathroom.The teen, whose name was not reported, said in the $25,000 claim Gonja Wolf refused to let the student leave the classroom and ordered her to
World NewsMarch 15, 2012
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Demand for iPad, rivals leads IDC to up forecast
NEW YORK (AP) ― Thanks to strong demand for Apple’s iPad and competing devices such as Amazon’s Kindle Fire, worldwide shipments of tablet computers are likely to grow faster than expected this year, according to a newly revised forecast from a leading market-research group.IDC said shipments in the last three months of 2011 were higher than expected. As a result, the research group now projects shipments of 106 million in 2012, up from its previous forecast of nearly 88 million.The new figure,
World BusinessMarch 14, 2012
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Small tsunami hits Japan after 6.8 quake
TOKYO, March 14, 2012 (AFP) - A minor tsunami hit Japan's northeastern coastline Wednesday, NHK television reported, after a strong earthquake rocked the region nearly a year on from Japan's worst post-war natural disaster.The 10-centimetre (four inch) wave and 6.8 magnitude quake, which struck some
World NewsMarch 14, 2012
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Santorum sweeps southern primaries
Gingrich appears to have placed second in both contests with narrow leads over RomneyWASHINGTON (AP) ― Rick Santorum won the Alabama and Mississippi primaries Tuesday, helping him lock up his position as the chief conservative alternative to front-runner Mitt Romney in the race for the Republican nomination to challenge President Barack Obama.The victories were a blow to Romney, who was running third in both states and had hoped to show he could muster the support of evangelical Christian voters
World NewsMarch 14, 2012
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Fitch upgrades Greece out of default territory
ATHENS (AP) ― The Fitch ratings agency on Tuesday upgraded Greece out of “restricted default” after Athens carried out the biggest debt writedown in history in a bond swap with private creditors. International debt inspectors, however, warned the country’s recovery will be slower and harder than expected.The new “B-” rating, which applies to the new bonds issued under Greek law, is still junk status, meaning they are not investment grade despite the huge cut to Greece’s debt pile.Along with the
World BusinessMarch 14, 2012
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AT&T offers quiet settlement with iPhone user
NEW YORK (AP) ― AT&T is offering to discuss a settlement to an iPhone user who won a small-claims case that alleged the company was slowing down his “unlimited” data service. In a letter dated Friday, a law firm retained by AT&T Inc. is threatening to shut off Matthew Spaccarelli’s phone service if he doesn’t sit down to talk. The phone company doesn’t say if the settlement would involve money beyond the $850 award the Simi Valley, California, resident won from the company in small claims court
World BusinessMarch 14, 2012
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China approves new law to limit secret detentions
BEIJING (AP) ― China’s legislature approved revisions Wednesday to a key criminal law that at least on paper will restrict police powers to secretly detain people, a tactic increasingly used against activists and government critics.The changes to the criminal procedure law were the most high-profile ones passed on the last day of the annual National People’s Congress. The Communist Party-controlled body also approved a budget for this year that calls for a boost in domestic consumption to keep t
World NewsMarch 14, 2012
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Santorum wins in Alabama and Mississippi
Rick Santorum won the Alabama and Mississippi primaries Tuesday, helping him lock up his position as the chief conservative alternative to front-runner Mitt Romney in the race for the Republican nomination to challenge President Barack Obama.The victories were a blow to Romney, who was running third
World NewsMarch 14, 2012
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Assad replies to U.N. proposals to end bloodshed
DAMASCUS (AFP) ― Syrian President Bashar al-Assad responded Tuesday to U.N.-Arab League proposals for an end to the bloodshed in Syria even as monitors said nearly 50 more people were killed and a pro-regime daily reported the capture of a rebel city.U.N.-Arab League envoy Kofi Annan, who met with Assad in Damascus over the weekend, said he had made “concrete” proposals to the Syrian leader on ways to halt the attacks and secure humanitarian access to cities where the United Nations says thousan
World NewsMarch 14, 2012
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Obama, Cameron to focus on foreign threats
WASHINGTON (AFP) ― British Prime Minister David Cameron arrived in Washington Tuesday, to back President Barack Obama’s bid to cool “loose talk” over war with Iran and as Afghan war policy faces sharp scrutiny.Cameron became the first foreign leader to join Obama on Air Force One as the two leaders headed off to watch a college basketball game in Ohio, in a gesture meant by the White House to highlight a bond between the two men.The meat of the visit will come Wednesday as Obama welcomes Cameron
World NewsMarch 14, 2012
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Sri Lanka should reconcile with Tamils
WASHINGTON (AP) ― The U.S. warned Tuesday that Sri Lanka risks renewed conflict unless it addresses war crimes allegations, while rights groups said that abuses by security forces continue, three years after fighting against Tamil rebels ended.Sri Lanka has reacted angrily to the growing international pressure to account for thousands of civilians suspected to have died in the final months of the quarter-century-long war, when government forces finally crushed the separatist Tamil Tigers.A new d
World NewsMarch 14, 2012
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France mourns father of thousands, Jocko the bull
Jocko Besne, father of hundreds of thousands of the world's most productive dairy cattle, has died in France of natural causes aged 27, the farming cooperative which raised him said.Jocko was the sire -- literally in at least 161,888 and perhaps as many as 400,000 cases -- of the Prim'Holstein race
World NewsMarch 14, 2012
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Fed: 15 banks pass stress test; Citi, 3 more fail
All but four of 19 major U.S. banks got a green light Tuesday from the Federal Reserve to boost their dividends and take other steps that will make their stocks more attractive to investors. The Fed declared them strong enough to survive a downturn worse than the Great Recession.The Fed’s findings s
World BusinessMarch 14, 2012
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PepsiCo shakes up management team; Nooyi still CEO
NEW YORK (AP) ― PepsiCo Inc. revamped its management structure Monday in a move intended to strengthen its lineup of potential successors to CEO Indra Nooyi and leverage its scale as a global company. The management restructuring puts John Compton, who heads the company’s Americas foods division, in charge of all the company’s global groups in the newly created role of president. PepsiCo said Compton will also work with its regional groups for Europe, Asia, the Middle East and Africa to build br
World BusinessMarch 13, 2012
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Ruling upheld on Boeing subsidies
WTO rules Boeing received $5b in subsidies, less than what arch-rival Airbus allegedGENEVA (AP) ― A World Trade Organization appeals panel upheld Monday an earlier finding that U.S. planemaker Boeing Inc. received at least $5 billion in subsidies that hurt its European archrival and were prohibited under international trade rules, but it was far less than the European Union had alleged in its complaint. The amount is also less than the $18 billion in illegal state support over four decades that
World BusinessMarch 13, 2012
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Japan boosts lending, leaves rates unchanged
TOKYO (AFP) -- The Bank of Japan on Tuesday boosted a loan program by almost $25 billion as part of efforts to kickstart the economy, while leaving the key interest rate unchanged at between zero and 0.1 percent.The central bank also said the country’s sluggish economy has shown signs of picking up as it announced a one-year extension to a loan program for banks in areas hit by last year’s earthquake and tsunami.The Bank of Japan said it would hike a lending program by about 2.0 trillion yen ($2
World BusinessMarch 13, 2012
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OECD: Leading economies,eurozone rally; China slows
PARIS (AFP) ― Tentative signs of economic upturn are appearing in the eurozone but business activity is showing signs of flagging in China and Brazil, the OECD said on Monday. The Organization for Economic Cooperation and Development said that the United States and Japan were leading improving growth prospects. “Stronger, albeit tenative” signals were evident in major economies and in the eurozone. But figures for China and Brazil were now below trend. The OECD’s composite index of leading indic
World BusinessMarch 13, 2012
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Fed stress tests 19 banks against U.S. recession
The Federal Reserve will show how the capital of 19 U.S. banks might fare through a deep recession and a second housing crisis when they unveil stress-test results in three days. The tests will show results for revenues, capital ratios and profits or losses at each firm over a nine-quarter period, the Fed said in a paper released Monday in Washington. The results will be released at 4:30 p.m. on March 15. Templates included in the Fed release Monday showed an array of categories it plans to disc
World BusinessMarch 13, 2012
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Israel agrees to cease-fire with Gaza militants
GAZA CITY (AP) ― Egypt has mediated a cease-fire between Palestinian militant factions and Israel after four days of violence, an Egyptian security official said.The official told the Associated Press that a cease-fire went into effect at 1 a.m. Tuesday. He spoke on condition of anonymity because of the sensitivity of the issue. It was not immediately clear when a formal announcement of a cease-fire would be made.The official said that after hours of talks, the Palestinians agreed to stop launch
World NewsMarch 13, 2012
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Chinese leadership
Chinese leadership politics delay major reforms .BEIJING (AP) -- As China faces growing calls for major reforms to prevent its slowing economy from derailing and keep its living standards rising, the response from Chinese leaders appears to be: “Not yet.”In speeches, news conferences and meetings in the past 11 days during the annual session of the national legislature, Cabinet ministers have promised only gradual steps to help entrepreneurs and curtail the state companies that crowd out private
World NewsMarch 13, 2012