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  • Asian markets gain as oil rebounds Sunday, 21 Dec 2014 | 11:12 PM ET

    South Korea's Kospi added 0.4 percent to 1,936.79 and Hong Kong's Hang Seng rose 1.4 percent to 23,428.73. Stocks in Southeast Asia and Taiwan also rose. ANALYST'S TAKE: "Our markets have opened firmer after the strong rebound in energy prices," said Tony Kwok, a sales trader in Sydney for CMC Markets.

  • South Korea lowers outlook on weak private sector Sunday, 21 Dec 2014 | 8:07 PM ET

    SEOUL, South Korea— South Korea lowered its growth forecast for next year, citing persistently weak sentiment among consumers and businesses. The finance ministry said Monday that Asia's fourth-largest economy will expand 3.8 percent in 2015. Six months ago, it forecast growth of 4.0 percent. In 2013, South Korea's economy expanded 3.0 percent.

  • WRAPUP 1-Obama says Sony hack not an act of war Sunday, 21 Dec 2014 | 10:52 AM ET

    President Barack Obama moved to prevent U.S. anger at North Korea from spiraling out of control on Sunday by saying the massive hacking of Sony Pictures was not an act of war but instead was cyber-vandalism. Washington's long-standing dispute with North Korea, which for years has centered on its nuclear weapons program, has entered new territory with the...

  • US mulls putting NKorea on terrorism sponsor list Sunday, 21 Dec 2014 | 7:25 AM ET

    HONOLULU— President Barack Obama says the United States is reviewing whether to put North Korea back on its list of state sponsors of terrorism as Washington decides how to respond to what he calls an "act of cybervandalism," not one of war, against a movie company. North Korea has reacted angrily to Obama's comments blaming it for the hacking of Sony, warning of...

  • *North Korea calls accusations "groundless slander". SEOUL/ WASHINGTON, Dec 20- North Korea said on Saturday U.S. accusations that it was involved in a cyberattack on Sony Pictures were "groundless slander" and that it wanted a joint investigation into the incident with the United States. On Friday, President Barack Obama blamed North Korea for the devastating...

  • *North Korea calls accusations "groundless slander". SEOUL/ WASHINGTON, Dec 20- North Korea said on Saturday U.S. accusations that it was involved in a cyberattack on Sony Pictures were "groundless slander" and that it wanted a joint investigation into the incident with the United States. On Friday, President Barack Obama blamed North Korea for the devastating...

  • *North Korea calls accusations "groundless slander". *Obama says Sony should not have caved in to hackers. SEOUL/ WASHINGTON, Dec 20- North Korea said U.S. accusations that it was involved in a cyberattack on Sony Pictures were "groundless slander" and that it was wanted a joint investigation into the incident with the United States.

  • North Korea proposes joint probe over Sony hacking Saturday, 20 Dec 2014 | 6:09 AM ET

    SEOUL, South Korea— North Korea on Saturday proposed a joint investigation with the U.S. into the hacking attack against Sony Pictures Entertainment, warning of "serious" consequences if Washington rejects a probe that it believes would prove Pyongyang had nothing to do with the cyberattack. U.S. officials blame North Korea for the hacking, citing the tools used...

  • Sony saga blends foreign intrigue, star wattage Saturday, 20 Dec 2014 | 12:43 AM ET

    WASHINGTON— President Barack Obama declared that Sony "made a mistake" in shelving a satirical film about a plot to assassinate North Korea's leader, and he pledged the U.S. would respond "in a place and manner and time that we choose" to the hacking attack on Sony that led to the withdrawal. Sony said it had had no choice but to cancel distribution of the movie since...

  • WASHINGTON, Dec 19- President Barack Obama vowed on Friday to respond to a devastating cyberattack on Sony Pictures that he blamed on North Korea, and scolded the Hollywood studio for caving in to what he described as a dictator trying to impose censorship in the United States. Obama said the cyberattack "caused a lot of damage" to Sony but that the company should...

  • WASHINGTON, Dec 19- President Barack Obama vowed that the United States will respond to the devastating cyberattack on Sony Pictures blamed on the North Korean government. Obama said the cyberattack "caused a lot of damage" to Sony but that he believed the company made a mistake in canceling the release of "The Interview," a comedy portraying the assassination of...

  • The destructive nature of the attack, and threats from the hackers that led the Hollywood studio to pull a comedy movie depicting the assassination of North Korea's leader, set it apart from previous cyber intrusions, the FBI said. "As a result of our investigation, and in close collaboration with other U.S. government departments and agencies, the FBI now has...

  • Sony hack adds to security pressure on companies Friday, 19 Dec 2014 | 6:14 AM ET

    The Sony attack, which U.S. officials blamed on North Korea, was unusual because it included threats of violence if the Hollywood studio released its movie "The Interview," a comedy that depicts the assassination of the North's leader. He said his company has received a growing number of requests from financial institutions and other businesses alarmed by...

  • A look at North Korea's cyberwar capabilities Thursday, 18 Dec 2014 | 5:00 AM ET

    But the country Washington suspects is behind a devastating hack on Sony Pictures Entertainment has managed to orchestrate a string of crippling cyber infiltrations of South Korean computer systems in recent years, officials in Seoul believe, despite North Korea protesting innocence. Despite widespread poverty, malnutrition and decades of crippling...

  • SEOUL, Dec 18- Iconic Swedish furniture retailer IKEA built its biggest store in the world to serve South Korea's shrinking households, targeting millions of people living alone with Korea- only items like super-sized single beds and in-store kimchi rice. The store opened on Thursday in Gwangmyeong, less than an hour's drive or 14 minutes by train from central...

  • Sony executives told theatres the studio would not pull the comedy. "I explained that we wanted to act in a responsible fashion and that the film was designed to entertain and not to make a political statement," Lynton said, in an email dated June 26th this year to Sony General Counsel Nicole Seligman. Sony Pictures parent Sony Corp declined to comment on Lynton's...

  • Several hurt after American jet meets turbulence Tuesday, 16 Dec 2014 | 4:24 PM ET

    FORT WORTH, Texas— An American Airlines jet encountered severe air turbulence shortly after taking off from Seoul, South Korea, prompting an unscheduled landing at Narita International Airport in Tokyo after 14 people asked for medical attention. A statement issued by the Fort Worth, Texas- based carrier says American Flight 280 was headed for Dallas-Fort...

  • Korean Air to be sanctioned for nut rage cover-up Tuesday, 16 Dec 2014 | 12:57 AM ET

    Cho, who was head of cabin service at Korean Air, ordered a senior flight attendant off a Dec. 5 flight after she was served macadamia nuts in a bag, instead of on a plate, in what she thought was a breach of service protocol in first class. Transport ministry director Lee Gwang- hee said Korean Air could face 21 days of flight suspensions or a $1.3 million fine for...

  • Korean Air to be sanctioned for nut rage cover-up Monday, 15 Dec 2014 | 9:42 PM ET

    SEOUL, South Korea— South Korea's transport ministry said Korean Air Lines Co. will face sanctions for pressuring employees to lie during a government probe into the nut rage fiasco that highlighted the tyrannical behavior of a top Korean business family. Cho, who was head of cabin service at Korean Air, ordered a senior flight attendant off a Dec. 5 flight after...

  • Sales of macadamias soar in Korea after nut rage Monday, 15 Dec 2014 | 12:03 AM ET

    The flavorful macadamia nut was unfamiliar to many South Koreans until Cho Hyun- ah, the daughter of Korean Air's chairman, ordered a flight attendant off a Dec. 5 flight from New York City after she was served them in a bag, instead of on a plate. Auction, a South Korean unit of eBay and South Korea's second-largest e-commerce website, said Monday that sales of...