The Korea Herald

Fed chairman's speech to have limited impact on Korea: gov't

Aug 27, 2011

The chief of the Federal Reserve refrained from laying out further steps to boost the fragile U.S. economy, but it is likely to have a limited impact on South Korea's financial markets, officials said Saturday. Fed Chairman Ben Bernanke on Friday stopped short of hinting at the thi
With Jobs out, Apple looks to the future

Aug 25, 2011

SAN FRANCISCO (AP) ―Since Steve Jobs’ return to Apple Inc. in 1997 as CEO, the company has been on an unparalleled upswing, highlighted by the immense popularity of the iPad and iPhone.Now, with Jobs no longer leading, Apple will have to prove it can keep its momentum. If the recent past is any indi
Jobs at Apple: Master inventor and marketer

Aug 25, 2011

Jobs invented, marketed ever-sleeker gadgets to transform everyday technology, from PC to iPod and iPhoneSAN FRANCISCO (AP) ― Steve Jobs started Apple Computer with a high school friend in a Silicon Valley garage in 1976, was forced out a decade later, then returned to rescue the company. During his
Facebook to let users pre-approve photo tags

Aug 24, 2011

SAN FRANCISCO (AP) ― Drunken revelers rejoice: Facebook will now let you decide whether your friends can attach your name to a photo before it is circulated.Currently, your friends can add your name to a photo on Facebook without your consent or knowledge. You can remove it later, but only after lot
‘No recession but weakness will endure’

Aug 24, 2011

WASHINGTON (AP) ― Another U.S. recession is not likely over the next 12 months. Neither is any meaningful improvement in the economy.That’s the picture that emerges from an Associated Press survey of leading economists who have grown more pessimistic in recent weeks. They say high unemployment and w
Skype to buy message service GroupMe

Aug 23, 2011

NEW YORK (AP) ― Skype is expanding even before it gets absorbed by Microsoft Corp.The online communications service said Monday that it plans to buy GroupMe, which provides group text messaging.Skype lets users make calls, conduct video chats and send instant messages over the Web. Its basic service
Ford, Toyota to work together on hybrid trucks

Aug 23, 2011

Firms sign deal to jointly develop gas-electric hybrid system for pickup trucks, SUVsDEARBORN, Michigan (AP) ― A chance meeting in an airport lobby between the top executives of Ford Motor Co. and Toyota Motor Corp. has evolved into a deal between the auto giants to jointly develop a gas-electric hy
Small raises for salaried workers

Aug 23, 2011

NEW YORK (AP) ― A new survey says salaried U.S. workers can expect another year of modest raises in 2012.After increasing salaries by 2.6 percent this year and last year, companies are planning a 2.8 percent bump in 2012, benefits and human resources consultancy Towers Watson reported Monday.That’s
Greece expects recession to deepen

Aug 23, 2011

Finance Ministry expects recession-hit economy to shrink between 4.5% and 5.3% this yearATHENS, Greece (AP) ― Greece’s finance minister said Monday that the crisis-afflicted economy will shrink more than expected this year, putting further pressure on the country’s ambitious deficit-cutting effort.E
Korea to develop homegrown OS for smartphones

Aug 22, 2011

South Korea will seek to develop a new, open-source operating system for mobile phones that will help secure local smartphone makers’ future competitiveness against their global rivals such as Apple Inc., a government official said Monday.The move comes shortly after Google Inc. announced its purcha
New data spill shows risk of online health records

Aug 22, 2011

SAN FRANCISCO (AP) ― Until recently, medical files belonging to nearly 300,000 Californians sat unsecured on the Internet for the entire world to see.There were insurance forms, Social Security numbers and doctors’ notes. Among the files were summaries that spelled out, in painstaking detail, a truc
Germany again rejects eurobonds

Aug 22, 2011

Merkel renews position, sees no sign of recession in Europe’s biggest economyBERLIN (AP) ― German Chancellor Angela Merkel insisted Sunday that eurozone-wide government bonds wouldn’t solve the current debt crisis, and said she sees no sign of a new recession in her own country ― Europe’s biggest ec
Baby boomers will be spending billions to counter aging

Aug 22, 2011

NEW YORK (AP) ― Baby boomers heading into what used to be called retirement age are providing a 70 million-member strong market for legions of companies, entrepreneurs and cosmetic surgeons eager to capitalize on their “forever young” mindset, whether it’s through wrinkle creams, face-lifts or worko
Burger King retires mascot ‘The King’

Aug 21, 2011

PORTLAND, Oregon (AP) ― The King is dead, but the burger lives on.Burger King Corp. on Friday said it is retiring “The King” mascot, a man with an oversized plastic head and creepy smile who in recent years has been shown in ads peeping into people’s windows and popping up next to them in bed.The mo
Facebook’s spam program catches innocent users

Aug 21, 2011

PITTSBURGH (AP) ― Facebook has sent notes of apology and is changing automated systems that blocked environmental activists and other people from posting on like-minded Facebook pages.The activists weren’t victims of censorship, but rather an anti-spam computer algorithm that was impersonally doing