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WASHINGTON, April 22 (Xinhua) -- A senior official of the U.S. mortgage giant company was found dead as a result of an apparent suicide incident, said police on Wednesday. According to police, David Kellermann, the Freddie Mac's acting chief financial officer and senior vice president, was found hanging himself at the basement of his house in Vienna, Virginia, early in the morning. Fairfax County Police control access to the home of David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, in Vienna, Virginia, April 22, 2009. Kellermann, acting chief financial officer of troubled U.S. mortgage giant Freddie Mac, was found dead on Wednesday in his suburban Virginia home after apparently committing suicide, a local police source said Police said that they arrived at the scene after receiving an alert from Kellermann's wife, Donna, but did not provide more details. David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, is pictured in this undated photograph, released on April 22, 2009The incident was considered as another blow to the company that owns or guarantees about 13 million mortgages but lost more than 50 billion U.S. dollars last year. The 41-year-old man was appointed to the post in September last year after the Treasury Department took over the company and its sibling Frannie Mae, both of which were criticized for financing risky loans that led to lots of foreclosure. Fairfax County Police stand on the front step of the home of David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, in Vienna, Virginia, April 22, 2009. Kellermann, acting chief financial officer of troubled U.S. mortgage giant Freddie Mac, was found dead on Wednesday in his suburban Virginia home after apparently committing suicide, a local police source said. Quoted by U.S. local media, neighbors said that Kellermann, who worked for Freddie Mac for the past 16 years, lost an amount of weight after he took the new job. Despite persuasion by neighbors that he should quit his job to release the pressure, Kellermann insisted that he would stay and help the company through its problems. After Kellermann's death, John Koskinen, the company's interim chief executive, said in a statement that Kellermann is "a man of great talents," and "his extraordinary work ethic and integrity inspired all who worked with him." Treasury Secretary Timothy Geithner said in a statement "our deepest sympathies are with his family and his colleagues at Freddie Mac during this difficult time." According to a report from the New York Times, Kellermann had received a bonus of about 800,000 dollars since the government take-over, which, as a part of totaled 210 million dollars for executives at Freddie Mac and Fannie Mae, has prompted scrutiny from lawmakers who have questioned bonuses for executives of firms receiving government bailouts.
BEIJING, June 6 (Xinhua) -- Most parts of China would experience cold weather and precipitation during the next week, forecast of the country's central observatory said Saturday. Northeastern parts of China were to embrace lower weather and scattered precipitation during the period, which would help ease the drought plagued the region, said the National Meteorological Center. Moderate or heavy rains would sweep most parts of south China. Some regions south to the Yangtze River and Guangxi Zhuang Autonomous Region would experience rain storm or strong convective weather.People walk on the street in Hefei, east China's Anhui Province, June 5, 2009. A heavy rain cooled the hot weather in Hefei on Friday eveningOn Sunday, most parts of Sichuan Province, western and northern Chongqing, southwestern Yunnan and Guangdong provinces would be hit by heavy rain or rainstorm. Strong convective weather was to hit these regions, resulting in strong wind, thunder storm or hails. According to statistics of the Ministry of Civil Affairs Friday, storms sweeping five provinces in central and east China killed 27people and damaged more than 341,000 hectares of crops.
SHIJIAZHUANG, May 12 (Xinhua) -- The brand of Sanlu Group, the dairy company embroiled in China's tainted-milk scandal, was sold at an auction Tuesday for 7.3 million yuan (1.07 million U.S. dollars), court officials said. An unidentified individual entrepreneur from south China won the bid at an auction in the Shijiazhuang Intermediate People's Court in northern Hebei Province. No further information about the bidder was released. The auction started at 7 million yuan and drew three bids from only two bidders. The "Sanlu" brand was worth 14.9 billion yuan in 2006, according to the China Brand Asset Evaluation Center. Sanlu Group, which was based in Shijiazhuang, had been China's leading seller of milk powder for 15 years until the melamine adulteration scandal broke last September. The group's revenue hit 10 billion yuan in 2007. The company's tainted baby milk powder was found to have caused the deaths of at least six children and sickened more than 300,000others. Beijing-based dairy producer Sanyuan bought the core assets of Sanlu, which went bankrupt in February, for 616.5 million yuan at an auction on March 4. Also Tuesday, Sanlu sold 51-percent stakes in three dairy companies for 22.8 million yuan. The purchasers' identities were not immediately known. But it failed to sell 51 percent stakes in another two dairy firms and withdrew 12 patent techniques from auction. The bankruptcy trustee is to announce plans to dispose of Sanlu's last remaining assets, which include a 51-percent stake in a third dairy firm in Hebei's Baoding City
BEIJING, June 3 (Xinhua) -- Chinese Premier Wen Jiabao on Wednesday raised a four-point proposal to boost collaboration with Malaysia so as to jointly tackle the global financial crisis. China and Malaysia should insist on the Five Principles of Peaceful Co-existence, take each other's concern into consideration and achieve common development, Wen said to visiting Malaysian Prime Minister Najib Tun Razak during their meeting at the Great Hall of the People. Wen raised a four-point proposal for further cooperation between the two countries, which included promoting trade diversification, enhancing mutual investment, deepening financial cooperation and safeguarding financial stability, and strengthening coordination on regional affairs. Visiting Malaysian Prime Minister Najib Tun Razak (front, L) receives a special gift, a photo of his late father and China's late Premier Zhou Enlai when the two established diplomatic ties between China and Malaysia in 1974, from Chinese Premier Wen Jiabao (front, R), in Beijing, capital of China, June 3, 2009. Malaysia has become China's largest trade partner among members of the Association of Southeast Asian Nations (ASEAN). Trade between the two countries reached 39.06 billion U.S. dollars in 2008, up 10.3 percent year on year. This year marks the 35th anniversary of the establishment of diplomatic relations between China and Malaysia. Wen said that China is ready to work with Malaysia to take this opportunity to promote their relations. Malaysia was the first ASEAN member country to forge diplomatic relations with China 35 years ago under then Prime Minister Tun Abdul Razak, Najib's late father. Najib said it is his honor of choose China as the first non-ASEAN destination since he took office in April. "This shows that Malaysia attaches great importance to the development of Malaysia-China relations." Najib noted that his visit is aimed at further accelerating the development of the bilateral ties and strengthening cooperation. Najib said he agree with Wen's proposal on advancing Malaysia-China relations, saying Malaysia, on the basis of reciprocity and mutual benefit, is ready to enhance cooperation with China in the fields of economy, finance, resources, energy and infrastructure construction. After the meeting, the two leaders witnessed the signing of bilateral agreements on cooperation. Najib received a special gift from the Chinese side: a photo of his late father and Chinese Premier Zhou Enlai when the two established diplomatic ties between China and Malaysia in 1974. Najib received an honorary doctorate in international relations from the Beijing Foreign Studies University at the opening ceremony of an international seminar on the dialogue between Chinese and Malaysian civilizations here Wednesday.
OTTAWA, June 22 (Xinhua) -- It is to the greater benefits of the peoples in both China and Canada should the two governments make concerted efforts to promote the healthy and stable development of bilateral relations and further enhance cooperation, visiting Chinese Foreign Minister Yang Jiechi said here Monday. During his meeting with Noel A. Kinsella, Speaker of Canada's Senate, Yang spoke highly of the two country's past efforts in advancing relations since the establishment of diplomatic ties in 1970 and hoped more could be done to further enhance bilateral ties. Visiting Chinese Foreign Minister Yang Jiechi (L) shakes hands with Noel A. Kinsella, Speaker of Canada's Senate, at parliament hill in Ottawa, capital of Canada, June 22, 2009. Yang arrived in Ottawa on June 21 for a two-day official visit to the country. The successful meeting between Chinese President Hu Jintao and Canadian Prime Minister Stephen Harper in July 2008 on the sidelines of the outreach session of the Group of Eight (G8) summit added more vigor in the enhancement of Sino-Canadian relations, Yang added. Yang said China and Canada, being important nations of the Asia-Pacific region, share broad interests as well as great potential of bilateral cooperation in every field. Both governments are therefore obliged to devote more efforts to furthering this friendly relationship so as to better tap on this potential for the interests of both peoples. Visiting Chinese Foreign Minister Yang Jiechi (2nd L) meets with Noel A. Kinsella (2nd R), Speaker of Canada's Senate, at parliament hill in Ottawa, capital of Canada, June 22, 2009. Yang arrived in Ottawa on June 21 for a two-day official visit to the country. China would work with Canada to handle bilateral relationship from a strategic height and long-term perspective, continuously strengthen bilateral dialogue and communications, respect each other's benefits and concerns and properly handle sensitive bilateral issues so as to guarantee a healthy and smooth development of ties in the future, Yang said. Kinsella agreed with Yang's comments on bilateral relations and shared Yang's calling for stronger ties while reiterating his understanding and support for the "One-China policy." He also pledged to advance the good relations between the legislatures of both countries, while stressing the importance of closer communications between young people of the two countries. The speaker appreciated the constructive role that China has been playing in seeking diplomatic solution of regional conflicts and praised China for deploying navy forces to the waters off the Somali coast to fight the pirates. Yang Jiechi arrived in Ottawa Sunday for a two-day official visit at the invitation of his Canadian counterpart Lawrence Cannon.