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HP Introduces New PC for Business: Hewlett-Packard (HP) on Monday unveiled a new business desktop computer, days after the world's largest personal computer (PC) maker announced its plan to sell its PC business. The company said the new model, HP Compaq 8200 Elite All-in-One Business Desktop, is the industry's ...

HP TouchPad Sold out in Fire Sale: Hewlett-Packard's tablet TouchPad has become the hottest consumer electronics device on Monday after HP launched a fire sale for the discontinued product line over the weekend. "It was like a stampede and they went quick," a Best Buy employee in San Diego told technology news ...

CNPC Terminates 6 Overseas Projects: China National Petroleum Corp. (CNPC), the country's largest oil and gas producer, terminated six exploration projects in Libya and Niger amid ongoing political turbulence in the Middle East and North Africa, the Securities Daily said Monday. The termination of the six projects ...

China Construction Bank H1 Net Profit Up: China Construction Bank, the country's second largest state-owned bank, said that its first-half net profit surged 31 percent to reach 92.9 billion yuan (about 14.3 billion U.S. dollars). Business revenue during the period amounted to 196 billion U.S. dollars, up 28 percent, ...

Beijing Vantone Real Estate H1 Profits Up 161 Pct: Beijing Vantone Real Estate Co. posted a 161 percent increase in its first-half profits, boosted by soaring sales in Tianjin. Net profits rose to 7.16 million yuan (1.12 million U.S. dollars), or 0.0059 yuan per share, from 2.75 million yuan, or 0.0023 yuan per share, one year ...

Boeing 747-8 Cargo Jet Certified for Service in U.S., Europe: Boeing 747-8, the aerospace giant's largest airplane ever, has received certification from U.S. and European aviation regulators to enter into service as a cargo jet, the company announced in Seattle on Friday. After a year and a half of flight tests, the 747-8 freighter received ...

BOC to Extend 10 Bln Yuan of Credit to Wahaha Group: The Bank of China said Friday it signed a strategic agreement with the Hangzhou Wahaha Group, the country's leading food and beverage maker, on Thursday. The nation's third-largest lender by assets will extend 10 billion yuan (1.56 billion U.S. dollars) to Wahaha and its ...

Bank of Communications Posts 30 Pct Rise in H1 Profits: Bank of Communications, the country's fifth-biggest lender by assets, said Thursday its first-half profits rose 29.67 percent year-on-year, helped by a widened net interest margin and higher commission fees. Net profits hit 26.4 billion yuan (4.13 billion U.S. dollars), up from ...

Coca-Cola to Invest $4B in China in 3 Yrs: Coca-Cola, the world's top soft drink producer, will pour in another 4 billion U.S. dollars into China from 2012 to 2014, announced its chairman and CEO Muhtar Kent Thursday in Shanghai. "We are excited not only with our achievement in China but we are more excited about the ...

Tsingtao Brewery Profits Jump 22 pct in 1H: Tsingtao, China's second-largest brewer by volume, is now reporting that its first-half profits have risen by 21.6 percent year-on-year on higher sales and expanded production capacity. In a statement filed with the Shanghai Stock Exchange, Tsingtao says net profits have risen to ...

Chinese Car Brands Hit Bumps in Singapore: Chinese car brands such as Geely, Dongfeng, Zotye, Soyat, Hafei and others have sold only zero to four cars each in the first six months in Singapore, local daily Straits Times reported on Friday. The Chinese brands burst onto the scene three to five years ago but are now fast ...

Disney Shanghai Discloses Operation Mode: Chairman of Walt Disney Parks and Resorts Tom Staggs says Disney Shanghai will run under a new operation mode that will involve shared profits between Walt Disney and its local partner in China. The announcement was made during Staggs' visit to Shanghai four months after Disney's ...

Alibaba.com Q2 Profits up 28 pct: Chinese e-commerce giant Alibaba.com posted year-on-year profit growth of 28 percent for the second quarter of this year, according to the company's quarterly and semi-annual reports. The operator of China's largest e-commerce site, Alibaba.com recorded 464.5 million yuan (72.6 ...

HSBC to Sell Card, Retail Services Business in U.S.: Banking giant HSBC has decided to sell its card and retail services business in the United States to Capital One Financial Corporation for 32.7 billion U.S. dollars, the lender said Wednesday in a statement. Post-tax gain on sale estimated to be 2.4 billion U.S. dollars based on ...

Youku Loss Shrinks 55pct in Q2: China's most popular online video website Youku narrowed its loss in the second quarter as advertising revenue jumped. The company's net loss shrank 55 percent from the same period last year to US$4.4 million in the three months ended June 30, the Beijing-based website said ...

China Merchants Bank First-Half Profits Rise 40 Pct: China Merchants Bank, the country's fifth largest bank by market value, said on Tuesday that its first-half profits increased 40.12 percent year-on-year to 18.5 billion yuan (2.87 billion U.S. dollars). The company's operating income rose 39.67 percent from one year earlier to 46 ...

Yili Reports 137 Pct Rise in First-Half Profits: The Inner Mongolian Yili Industrial Group Co., one of the biggest milk products makers in China, posted a 136.7-percent increase in its first-half profits despite rising raw material costs and fierce industry competition. The Hohhot-based dairy producer said in a statement filed ...

Volvo to Recall 1,303 Imported Cars in Chinese Mainland: Swedish automaker Volvo Cars is recalling 1,303 imported S80 3.2 automobiles sold in the Chinese mainland over potential steering problems, China's quality watchdog said on Friday. The cars being recalled were manufactured between March 8, 2006 and May 16, 2007, the General ...

ICBC buys 80 pct of Standard Bank Argentina: Industrial and Commercial Bank of China (ICBC), the world's biggest lender by market value, said Friday it had agreed to pay 600 million U.S. dollars to take a lion's share of assets controlled by Standard Bank Group Ltd. in Argentina, to extend its businesses in South America. ...

Google Accuses Microsoft, Apple, Oracle of Waging Patent Battle: Google's top legal officer on Wednesday posted a scathing blog post, accusing Microsoft, Apple, Oracle and other companies of waging "bogus" patent wars over smartphone technologies. More than 550,000 Android devices are activated daily, but the success of the mobile operating ...

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China's farm product pricing plan shifts to market orientation: The Number One Document also proposed a new pricing plan for China's ...

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Court rejects Apple lawsuit over iPad name: Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...

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sports

Lucrative golf industry lures stiff competition: Two models stand beside golf equipment and bags at a recent golf ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

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