The Korea Herald

More ads hit online TV as Web audiences grow

Jun 9, 2011

Television networks gradually show more commercials online as viewer habits changeLOS ANGELES (AP) ― One of the rewards of watching TV online is not having to sit through as many commercials. Now the networks are chipping away at that little luxury.CBS shows twice as many ads per show on its website as it did last year. The CW network shows four times as many. Dozens of shows from major cable netw
Lagarde: Pleased with China talks

Jun 9, 2011

BEIJING (AP) ― French Finance Minister Christine Lagarde said Thursday she is “very positive” after talks with Chinese officials about her candidacy to head the International Monetary Fund and said Beijing’s stake in the body should increase.Lagarde is on a global tour to promote her candidacy to succeed Dominique Strauss-Kahn, who quit after he was charged with sexually assaulting a New York hote
Taxpayer loss on auto bailout narrows

Jun 2, 2011

White House touts value of emergency loans to GM and ChryslerWASHINGTON (AP) ― Taxpayers will lose about $14 billion in the government’s $80 billion bailout of Chrysler and GM, the White House said Wednesday, portraying the outcome as good news since the losses are far lower than originally anticipated.Seizing on the figures, the Obama administration took credit for the resurgence of the U.S. auto
MS demos new Windows 8 for PC

Jun 2, 2011

RANCHO PALOS VERDES, California (AP) ― Microsoft Corp. demonstrated its new operating system at the “D: All Things Digital” conference on Wednesday, a full version of Windows that will operate on tablets and personal computers.For now, it’s called Windows 8. Executives said that as mobile devices have gotten more powerful, they are able to run the full version of Windows.The operating system is “t
Japan, EU to start trade talks

May 29, 2011

BRUSSELS (AP) ― Japan and the European Union agreed at a summit meeting Saturday to begin negotiations on a free trade agreement that would deepen economic ties between two of the world’s largest economies. As a bloc, the EU is the world’s largest economy; Japan is number four.Negotiations will be preceded by what the leaders called a “scoping exercise” to ensure that both sides share the same goa
Culture clash dents Brazil push

May 29, 2011

China eyes huge economic, business gains in S. American nationSAO PAULO (AP) ― Stocking shelves in a Chinese grocery store, Thiago warned that he didn’t want to be caught chatting during working hours. Within seconds, however, the Brazilian unleashed a pent-up flood of complaints about the owners, who lingered just beyond hearing distance.“My bosses have never heard of a day off,” said the 20-year
Economies around the world growing more slowly

May 27, 2011

WASHINGTON (AP) ― From the United States to Europe and even to booming China, the global economy is showing signs of strain.Most major economies are expected to keep growing. But evidence is mounting that many around the world are struggling to expand as fast as they did last year.European governments are struggling with debts and squeezed budgets. Britain’s economy scarcely grew at the start of t
Crisis, stagflation stalk global recovery: OECD

May 26, 2011

OECD sees world growth of 4.2%, urges Fed to raise ratesPARIS (AFP) ― Crisis still stalks the global economy with stagflation lurking and Japan set for recession this year despite moderate overall recovery, the OECD said on Wednesday, warning against complacency.The Organization for Economic Cooperation and Development held its 2011 global growth forecast steady at 4.2 percent in its latest semi-a
Greece’s return to bond markets in 2012 unlikely

May 23, 2011

EU head calls for independent privatization body to tackle debtBERLIN (AP) ― Greece’s prime minister admitted for the first that his country might not be able to tap the markets for its borrowing needs next year as the head of the eurogroup urged the debt-ridden country to set up an independent privatization body overseen by the European Union to bring down its ballooning debt level.Tweet ShareThi
Europe, emerging powers face off over IMF job

May 20, 2011

BRUSSELS (AFP) ― Europe fought to retain leadership of the IMF on Thursday to help tackle its debt crisis as emerging nations launched a sharp counter-attack, saying it was time rising economies took the helm.With the ink barely dry on Dominique Strauss-Kahn’s letter of resignation from a New York jail cell, European nations staked their claim to the top job at the world’s lender of last resort on
U.S. considers tighter credit as economy improves

May 19, 2011

Fed minutes reveal debate in April how to tighten credit if inflation persistsWASHINGTON (AP) ― The Federal Reserve said last month that the economy is gradually improving and began discussing how it would reverse policies adopted during the recession that pumped billions of dollars into the economy.Some members said the Fed might need to start boosting interest rates this year to guard against in
EU mulls ‘soft restructuring’ for Greece

May 18, 2011

BRUSSELS (AFP) ― Senior EU officials on Tuesday raised the possibility of a limited but controversial restructuring of Greece’s mountain of debt which could involve private sector creditors taking some of the pain.Leading eurozone policy-maker Jean-Claude Juncker said a “soft restructuring” of Greece’s 330-billion-euro ($470-billion) accumulated debt was a possibility as an EU-IMF mission in Athen
Dollar drop? You ain’t seen nothing yet if yuan jumps

May 18, 2011
U.S. economic data suggests bad patch lingering

May 18, 2011
ITC rules in favor of Whirlpool on antidumping petitions against Samsung, LG

May 14, 2011

WASHINGTON, May 13 (Yonhap) -- A U.S. trade panel Friday ruled in favor of Whirlpool Corp. in its antidumping petitions against South Korean rivals Samsung Electronics and LG Electronics for their alleged sale of refrigerators in the U.S. at a discount. The U.S. International Trade Commission said in a statement that it "today determined that there is a reasonable indication that a U.S. industry