The Korea Herald

Apple set to unveil new iPhone next week

Sept 28, 2011

Company sends out invitations for ‘Let’s talk iPhone’ event on Oct. 4Apple Inc. will introduce a new version of the iPhone at an Oct. 4 event, the first upgrade of its best-selling product since Steve Jobs resigned as chief executive officer. “Let’s talk iPhone,” Apple said in an invitation to the g
Germany wants ‘strong Greece’

Sept 28, 2011

Merkel pledges ‘all necessary assistance’ to struggling GreeceBERLIN (AP) ― Stock markets soared around the world Tuesday amid hopes that Europe is finally finding a way out of its debt crisis. Greece passed an unpopular property tax and German Chancellor Angela Merkel pledged to offer the strugglin
Google in solar power investment

Sept 28, 2011

NEW YORK (AP) ― Google wants to buy solar panels for your house.The search giant announced Tuesday that it will provide $75 million to build 3,000 residential solar electricity systems across the country. Google will own the panels, and get paid over time by customers who purchase the electricity th
RIM gains on Icahn stake speculation

Sept 28, 2011

LOS ANGELES (AP) ― Shares of BlackBerry maker Research in Motion Ltd. surged Tuesday amid speculation that billionaire investor Carl Icahn has taken a stake in the company.Rumors that the activist investor was buying into the troubled smartphone maker caused shares to spike around 10:22 a.m. Eastern
Merkel: Germany wants ‘strong Greece’ in eurozone

Sept 28, 2011

BERLIN (AP) -- Stock markets soared around the world Tuesday amid hopes that Europe is finally finding a way out of its debt crisis. Greece passed an unpopular property tax and German Chancellor Angela Merkel pledged to offer the struggling country “all necessary assistance.”It‘s unclear whether tha
Goldman rules the world: trader sparks outrage

Sept 28, 2011

LONDON (AFP) ― A financial trader in London caused a storm of outrage by suggesting that world leaders cannot do anything to prevent a global market collapse, saying that investment bank Goldman Sachs ruled the world.Alessio Rastani’s comments on BBC television on Monday have gone viral, viewed by m
Japan panel eyes 7,400 job cuts at TEPCO

Sept 28, 2011

TOKYO (AFP) ― A Japanese government panel overseeing the restructuring of TEPCO is to demand the company slash 7,400 jobs to help pay for the clean up at Fukushima nuclear plant, a report said Wednesday.The panel is also considering calling for the resignation of the beleaguered company’s management
Please raise my taxes, ex-Google exec tells Obama

Sept 27, 2011

MOUNTAIN VIEW, California (AFP) ― A rich former Google executive pleaded with Barack Obama to raise his taxes Monday, boosting the U.S. leader’s push to get well off Americans to bankroll his $447 billion jobs plan.Obama stormed through the American west on a three-day tour devoted to hammering Repu
Berkshire Hathaway to buy back shares

Sept 27, 2011

OMAHA, Nebada (AP) -- Warren Buffett is sending a clear signal that he believes Berkshire Hathaway’s stock is undervalued by announcing a plan to repurchase stock for the first time since taking over the firm in 1965.Berkshire said Monday that the company Buffett leads will repurchase its Class A an
Greece has never discussed wider debt ...haircut: Official

Sept 27, 2011

ATHENS (AFP) ― Greece “has never discussed” the option of reducing its vast debt by 50 percent, a scope far wider than a rescue plan agreed with the EU in the summer, the government’s spokesman said on Monday.“This discussion has never been held at government level,” Elias Mossialos told a media bri
Germany downplays hopes of fast new crisis course

Sept 27, 2011

BERLIN (AP) ― German officials on Monday downplayed prospects of any quick and dramatic change of course in the eurozone debt crisis, days before a parliamentary vote on beefing up the continent’s rescue fund.Weekend meetings of global financial leaders in Washington raised hopes of a change in stra
Berkshire Hathaway to buy back shares

Sept 27, 2011

OMAHA, Nebada (AP) -- Warren Buffett is sending a clear signal that he believes Berkshire Hathaway’s stock is undervalued by announcing a plan to repurchase stock for the first time since taking over the firm in 1965.Berkshire said Monday that the company Buffett leads will repurchase its Class A an
U.S. home-buying season the worst in 50 years

Sept 27, 2011

WASHINGTON (AP) ― The home-buying season was a bust.March through August are typically the peak buying months. But this time, Americans bought fewer new homes in that stretch than in any other six-month period since record-keeping began a half-century ago.And sales of previously occupied homes didn’
Apple trims orders for iPad parts: JPMorgan

Sept 27, 2011

Apple Inc. is cutting orders to vendors in the supply chain for its iPad tablet computer, a move that may result in slower sales for companies including Hon Hai Precision Industry Co., JPMorgan Chase & Co. said in a report. Several supply-chain vendors indicated in the past two weeks that Apple lowe
Hope for new approach in euro crisis buoys markets

Sept 26, 2011

PARIS (AP) -- Hopes that European leaders will consider new ways to fight the debt crisis, including a contained Greek default, reassured investors on Monday, though analysts said more specifics will have to emerge before a rally gains traction.Over the weekend, European officials said Germany and o