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Hackers attack South Korean sites; up to 35 mln users affected

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South Korea' communications regulator said Thursday hackers from China had attacked an Internet portal and blogging site operated by SK Comms, accessing the personal information of up to 35 million users in what could be the country's biggest cyber attack so far.

Stocks, dollar fall as debt default looms

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Global stocks fell to their lowest in more than a week on Thursday, knocked down by mounting concerns about a U.S. debt default which also kept the dollar subdued against the safe-haven Swiss franc and the yen.
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Hyundai beats forecasts with strong quarter

South Korea's Hyundai Motor outperformed its rivals as it reported a consensus-beating 37 percent rise in quarterly profit on Thursday, fueled by strong U.S. sales of popular new models.
Police continue their investigations on the Utoeya island in the Tyrifjorden lake

Norway Mass Killer Says U.S. Has 'Jewish Problem,' Rants Against Hitler

Norwegian mass killer and right-wing extremist Anders Behring Breivik's manifesto "2083: A European Declaration of Independence" which supports cultural conservatism is under close scrutiny to figure this perpetrator's theories which distance itself equally from Nazis as well as Jews.
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China says to press ahead with FX reserves

China will press ahead with diversification of its $3.2 trillion in foreign exchange reserves, and does not pursue large-scale currency holdings, the State Administration of Foreign Exchange said on Thursday.
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Hyundai Motor profit beats forecast on record vehicle

Hyundai Motor posted a 37 percent gain in quarterly net profit on Thursday, outstripping the consensus forecast, after it logged record global vehicle sales and gained market share from Japanese rivals reeling from the March 11 earthquake.
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Ford to build billion dollar plant in India

Ford Motor Co said on Thursday said it plans to invest $1 billion to build a factory in western India, doubling its investment in the country as the U.S. carmaker seeks to gain a greater share in the second-fastest growing auto market in the world.
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HSBC may cut thousands of jobs: report

HSBC Plc is close to announcing that it will cut thousands of jobs as it embarks on a cost-cutting drive, Sky News reported, citing people close to Europe's biggest bank.
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Japan's quake-hit technology companies to show steady recovery

Japan's biggest consumer electronics makers are expected to show quarterly earnings slumped due to the March earthquake, but investors will focus on whether these companies can meet their forecasts for a swift recovery, given a fragile global economy.
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America's Leaders Screwed up my Children's Future

With America edging ever closer to a default, and a downgrade in the US credit rating, some realizations are starting to hit America's youth about their future. The consequences of the partisan squabbling of their parents' generation may leave them with little to inherit and much to despise.
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Whole Foods boosts 2011 view, shares up

Upscale grocer Whole Foods Market Inc's quarterly profit rose a larger-than-expected 35 percent and it raised its full-year profit forecast, fueled by robust sales and snatching market share from other supermarkets.
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Euro dumped vs yen, USD, Swissy and Aussie

The euro struggled to find any friends in Asia on Thursday, on renewed fears of contagion in Europe, while the U.S. dollar remained on the defensive as Washington showed no signs of progress in debt agreement.
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Visa rolls out new fee program

Visa Inc's quarterly profit rose by 40 percent, and the world's largest payment processor said it would introduce a new fee structure for U.S. merchants.
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Google+ May be Losing Steam

Google's social network Google+ set off to a roaring start within its first month of inception, but new data is showing that visits to the site are slowing down.
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Auto sales may see bumpy growth in new markets

The source of the auto industry's growth has seen a permanent shift to emerging markets that appear promising but also hold great risks, according to an AlixPartners study released on Wednesday.
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U.S. Debt Crisis Shakes Youth

If the debt ceiling isn't raised before Aug. 2, or if America's prized AAA credit rating is downgraded, it will mean at least a decade of financial instability to clean up after.
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U.S. Debt Crisis: Will America?s Youth Hate Their Parents' Generation?

With America edging ever closer to a default, and a downgrade in the U.S. credit rating, some realizations are starting to hit America's youth about their future. The consequences of the partisan squabbling of their parents' generation may leave them with little to inherit and much to despise.

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