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SAN FRANCISCO, June 13 (Xinhua) -- Social networking giant Facebook will likely go public in the first quarter of 2012 with a valuation that could top 100 billion U.S. dollars, U.S. media reported on Monday.In a report, CNBC quoted people familiar with the matter as saying that Facebook could submit filing to register its securities with the U.S. Securities and Exchange Commission (SEC) as early as October or November this year.People who are on Wall Street and track this information told the business news television channel that they think the Facebook initial public offering (IPO), if and when it happens could value the company of more than 100 billion dollars.A factor in the company's IPO timing is the SEC's requirement that companies must disclose financial information if they have more than 500 private investors."The company has until the end of April 2012 to disclose their financials, but they may just want to get ahead of that by doing a formal initial public offering, I'm told. And that could happen in the first quarter of the year," said CNBC Wall Street reporter Kate Kelly.Facebook is also facing internal pressure as employees have not been permitted to sell their private shares on the secondary market since last spring. An IPO would make it easier for employees to monetize their shares, said Kelly, citing sources.Facebook shares have been traded in private markets such as Sharepost.com, which puts the social networking company's valuation at 85 billion dollars.Meanwhile, latest data show that Facebook is losing users last month in the United States, Canada and several European countries, indicating that the company could have hit the limits of expansion in its mature markets.
BEIJING, Sept. 6 (Xinhuanet) -- Scientists from Tufts University of the U.S. have created the world's smallest electrical motor in a single molecule.The finding was published in the journal Nature Nanotechnology on Monday.In the research, scientist successfully made a single molecule accept an electrical charge and rotate as fast as 120 revolutions per second."This is the first time that electrically-driven molecular motors have been demonstrated, despite a few theoretical proposals," said Charles H. Sykes, professor of chemistry at Tufts who led the team.The single molecule electric motor could lead to new types of electrical circuitry, giving hope for scientists to apply it in medicine and engineering, he said."The next thing to do is to couple it to other molecules, lining them up next to one another so they're like miniature cog-wheels, and then watch the rotation propagation down the chain," said Sykes.
ISLAMABAD, Sept. 11 (Xinhua) -- Chinese ambassador to Pakistan declared on Sunday that the Chinese government will provide an emergency humanitarian aid worth 30 million RMB (4.7 million U.S. dollars) to Pakistan to help its relief efforts.In light of the immense damages caused by the floods in some parts of Pakistan, Chinese Ambassador to Pakistan Liu Jian called on Pakistani Foreign Minister Hina Rabbani Khar on Sunday to express sympathy and solidarity of the Chinese people toward Pakistani people and declared that the Chinese government will provide the emergency humanitarian aid.Diplomats and staff of the Chinese Embassy in Islamabad have recently voluntarily donated 600,000 rupee (about 6860 U.S. dollars) to the people who hit by the floods. The Chinese ambassador handed over the donation to Pakistani side on Sept. 8.On Sept. 9, Chinese Foreign Minister Yang Jiechi sent a message to his Pakistani counterpart H.E. Hina Rabbani Khar, expressing his profound condolence to the victims and sincere sympathy to the affected people of the floods.The Chinese foreign minister said that China, as Pakistan's close friend, feels as much pain as Pakistan does and is ready to provide help to the best of its ability, in line with Pakistan's needs. He is convinced that the Pakistani people will definitely prevail over the natural disaster and rebuild their homes at an early date.
BEIJING, Aug. 30 (Xinhuanet) -- The search giant Google admits it sees the new Google+ social network as an "identity service" or platform on which it can build other products, according to media reports.Google chariman Eric Schmidt said Google isn't interested in changing its policies to accommodate users such as political dissidents or others who prefer to remain anonymous: If people want to remain anonymous, then they shouldn't use Google+."Fundamentally, [Google+] depends on people using their real names if they're going to build future products that leverage that information," NPR's Andy Carvin wrote in a post on Google+ as he paraphrased Schmidt's remarks.Critics say the move is harmful to political activists, victims of harassment and numerous other groups for whom using a real name online might pose a safety risk, according to CNN reports."Regarding people who are concerned about their safety, [Schmidt] said G+ is completely optional," Carvin wrote.Meanwhile, according to Carvin, Schmidt also said "the Internet would be better if we knew you were a real person rather than a dog or a fake person. Some people are just evil and we should be able to ID them and rank them downward."
CANBERRA, Sept. 6 (Xinhua) -- A rare virus that can be contracted by humans has killed a large number of Victorian pigeons after being detected in the Australian state for the first time, Agriculture Department confirmed on Tuesday.According to the Australian Chief Veterinary Officer, Dr Mark Schipp, the avian paramyxo virus has already started killing some hobby birds, and threatens to spread to Victoria's chicken population.He said the affected birds have died suddenly in large numbers and have sometimes appeared tired or have shown neurological signs such as circling or head flicking before death.He added that the bug can also cause conjunctivitis or influenza-like symptoms in humans."The virus causes only mild, short-term conjunctivitis or influenza-like symptoms (in humans)," Australia Associated Press quoted Schipp as reporting on Tuesday."Human infection with this virus is extremely rare and usually occurs only in people who have close direct contact with infected birds."At this stage, there are no reports of the virus causing disease in wild birds, but the Australian Wildlife Health Network has been asked to monitor the situation.