The Korea Herald

GE to repay Buffett for 2008 rescue

Sept 14, 2011

General Electric said Tuesday that it would pay billionaire Warren Buffett‘s company $3.3 billion, plus dividends, for the preferred shares he bought during the 2008 financial crisis.Buffett’s purchase of the preferred shares in October 2008 rescued GE in the depths of the crisis, when the company w
Facebook to organize friends in 'smart lists'

TechnologySept 14, 2011

NEW YORK (AP) _ It's a modern-day dilemma: You really want your Facebook friends to see that wild party photo of you wearing bunny ears. But you're not so keen on explaining it to your mother-in-law. Well, Facebook aims to make life easier.Beginning Wednesday, the social network will make it easier
Axe-wielding man kills two children, four adults in China

World NewsSept 14, 2011

BEIJING (AFP) - A farmer with mental health problems killed six people, two of them children, with an axe as they made their way to a kindergarten in China Wednesday, the local government and media reports said.The incident is the latest in a series of violent assaults on children involving people w
Testosterone drop helps men do dad-duty: study

HealthSept 14, 2011

Men experience a drop in testosterone after the birth of their children, a phenomenon that may help them meet the challenges of caring for their offspring, said a study released on Monday.Testosterone is a hormone that fuels male sexuality, aggression and physical robustness, and is typically highes
Abuse victims seek int‘l court case against pope

World NewsSept 14, 2011

THE HAGUE, Netherlands (AP) — Clergy sex abuse victims upset that no high-ranking Roman Catholic leaders have been prosecuted for sheltering guilty priests have turned to the International Criminal Court, seeking an investigation of the pope and top Vatican cardinals for possible crimes agains
Cabinet approves bill on children's food safety

PoliticsSept 14, 2011

SEOUL, Sept. 14 (Yonhap) -- The Cabinet endorsed a bill on Wednesday to place all retailers suspected of selling junk food to children across the country under the monitoring of local governments.There have been mounting calls for increasing the authorities'surveillance of supermarkets or stationery
Violent crimes by youth jump almost 50 pct over 2 years

Social affairsSept 14, 2011

SEOUL, Sept. 14 (Yonhap) -- Violent crimes by adolescents surged nearly 50 percent over the past two years, mainly driven by young rapists, a report showed Wednesday.A total of 3,428 adolescents were probed last year as suspects of murder, robbery, rape and arson cases, according to the report by th
Census: U.S. poverty rate swells to nearly 1 in 6

Sept 14, 2011

WASHINGTON (AP) -- The ranks of America's poor swelled to almost 1 in 6 people last year, reaching a new high as long-term unemployment left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in more than two decades.The Census Bureau's an
Japan considers sending alleged N. Korean defectors to S. Korea

North KoreaSept 14, 2011

The Japanese government is considering transferring nine apparent North Korean defectors to South Korea, a day after they were found adrift aboard a boat off Japan's west coast, local media reported Wednesday. The nine North Koreans, including three children, have been questioned by Japanese authori
Lee to make state visit to U.S. next month

InternationalSept 14, 2011

South Korean President Lee Myung-bak will visit the United States next month for summit talks with President Barack Obama about the two countries' alliance, economic cooperation and North Korea, the presidential office announced Wednesday.Lee will be only the fifth head of state to make a state visi
Samsung Card to sell stake in affiliate Everland

IndustrySept 14, 2011

Samsung Card Co., one of South Korea's leading credit card firms, said Wednesday it plans to sell part of its stake in its unlisted affiliate Samsung Everland Inc., the de facto holding company of Samsung Group.Samsung Card plans to sell a 20.64 percent stake in Samsung Everland and sent requests fo
Former MVP pitcher Choi dies of cancer

BaseballSept 14, 2011

Choi Dong-won (Yonhap News)Choi Dong-won, one of the premier power pitchers in South Korean baseball in the 1980s, died Wednesday of cancer. He was 53 years old.The National Health Insurance Corp. (NHIC) Ilsan Hospital in Goyang, west of Seoul, said Choi lost his battle with colorectal cancer. The
Scientists: Bacteria spreading in warming oceans

ScienceSept 14, 2011

BRUSSELS (AP) -- Warning: The warming of the world's oceans can cause serious illness and may cost millions of euros (dollars) in health care.That is the alarm sounded in a paper released online Tuesday on the eve of a two-day conference in Brussels. (MCT)The 200-page paper is a synthesis of the fin
NATO airstrikes pound pro-Gadhafi targets in Libya

World NewsSept 13, 2011

TRIPOLI, Libya (AP) _ NATO warplanes pounded targets in a number of strongholds of support for fugitive dictator Moammar Gadhafi, the alliance said Tuesday, as an offensive by revolutionary forces on a key loyalist town stalled. The alliance said Tuesday that airstrikes stru
Firms take more open approach to recruiting in H2

IndustrySept 13, 2011

More companies focus on interviews in English, rather than results of written testsThe second-half recruitment drive of local firms has begun in earnest with many of the country’s largest firms including Samsung Group, Hyundai Motor Co. and KT Corp. opening applications.While there is nothing unusua