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BEIJING, May 10 (Xinhuanet) -- Professional social networking site LinkedIn is aiming for a valuation of 3.3 billion U.S. dollars for its initial public offering, media reports said Tuesday.The Mountain View, California-based company is expected to begin trading on the New York Stock Exchange within the next month and will use the symbol "LNKD."It plans to offer 7.84 million shares priced at 32 dollars to 35 dollars each, according to the filing, which it submitted to the Securities and Exchange Commission.LinkedIn, which has more than 100 million members in over 200 countries and territories, is seeking to raise as much as 274.4 million dollars from the initial public offering (IPO) with 146.6 million dollars going to the company itself.In 2010, LinkedIn made 15 million dollars in profit on 243 million dollars in revenue, according to the filing.LinkedIn's biggest shareholder is its founder and chairman, Reid Hoffman, who owns more than 21 percent of the company.

LOS ANGELES, April 7 (Xinhua) -- A new research has found that about nine million people in the United States identify themselves as lesbian, gay, bisexual or transgender (LGBT).About 1.8 percent of adults identify themselves as bisexual, 1. 7 percent as gay or lesbian, and 0.03 percent as transgender, researchers at the University of California-Los Angeles' School of Law said in the study published by The Los Angeles Times on Thursday.The study culled data and methods from nine surveys conducted over the last seven years and averaged results from five of those surveys to estimate sexual orientation and from two surveys to estimate the transgender population.The findings also show that about 8.2 percent of Americans said they participated in same-sex sexual activity and about 11 percent said they had some same-sex sexual attraction, but neither of these groups necessarily identified themselves as LGBT.The researchers noted that insufficient and inconsistent national surveys make it difficult to get an estimate of the LGBT population in the United States, according to the Times report.

SAN FRANCISCO, April 28 (Xinhua) -- Cisco Systems Inc., world's largest maker of computer-networking equipment, on Thursday brought up an early retirement offer to its employees in the United States and Canada, in a move to cut costs and restructure the company.The voluntary plan applies to employees who are at least 50 years old and have a combined age and years of service at Cisco for at least 60 as of July 8, the company said in a memo sent to employees."Cisco employs a variety of different methods to control costs and align investment dollars, and offering this voluntary early retirement program to those eligible employees in the U.S. and Canada is part of our ongoing commitment to responsible business management," the company said in a statement.Cisco gave no details on the costs it would save and the number of employees eligible for the plan.Earlier this month, Cisco CEO John Chambers warned that "tough decisions" would be made to preserve profitability as government budget pressure has been costing the company orders and slowing its sales growth.On April 12, Cisco announced to shut down its Flip Video camcorder business to restructure its business and support its key priorities.

BEIJING, Jan. 30 (Xinhua) -- Chinese President Hu Jintao said Sunday more attention should be paid to raising people's living standards while striving for economic growth.Hu made the remarks at a symposium with non-Communist parties and individuals to mark the Spring Festival, or the Lunar New Year, which falls on Feb. 3 this year.Hu urged the parties and social groups to pursue the people-first principle and help the government to better serve the people."We should always make the improvement of people's lives an important starting point in promoting development in a scientific way and enhancing social harmony," Hu said.Chinese President Hu Jintao (C), also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, delivers an important speech at a symposium with non-Communist parties and individuals to mark the Spring Festival in Beijing, capital of China, Jan. 30, 2011.He said the government would focus on the transformation of its economic development pattern, and try to achieve its economic targets this year, which is also the start of the 12th five-year period (2011-2015).Hu hoped the non-Communist parties and individuals would concentrate on promoting scientific development and put forward practical suggestions for achieving comprehensive, coordinated and sustainable development.This year marks the 90th anniversary of the founding of the Communist Party of China (CPC).Hu said the past 90 years had proved that unison of ideas, targets and actions in the multi-party cooperation system under CPC leadership guaranteed the country to achieve progress in revolution, development and reform.Hu expressed appreciation for the contributions of non-Communist parties and individuals to social and economic development last year."We must rely on all Chinese people, including non-Communist parties, societies, ethnic groups and people from all walks of life and in different strata to achieve this year's goals for economic and social development," said Hu.At the event, Hu also extended New Year's greetings and best wishes to all people from the non-Communist parties and the All-China Federation of Industry and Commerce and those without party affiliations.Non-Communist party leaders at the gathering gave opinions on issues such as multi-party cooperation, rural social security system, water conservation, strategic emerging industries, education and cultural exchanges across the Taiwan Straits.The meeting was chaired by Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference. Vice President Xi Jinping and Vice Premier Li Keqiang were present at the gathering.

SAN FRANCISCO, March 29 (Xinhua) -- Computer networking equipment giant Cisco Systems Inc. on Tuesday announced the intent to buy privately-held software company newScale Inc., in a move to complement and expand its offerings in cloud computing.Based in San Mateo in the U.S. state of California, newScale provides software that delivers a service catalog and self-service portal for information technology (IT) organizations to select and quickly deploy cloud services within their businesses.Founded in 1999, the company now has more than two million users worldwide, including 20 percent of the Fortune 50 companies, according to information posted on newScale's website."With the acquisition of newScale, Cisco will be able to accelerate the deployment of cloud services through a service catalog and self-service portal that allows customers to easily manage their IT infrastructures," Parvesh Sethi, Cisco's senior vice president, noted in a statement.Cisco said it expects to close the deal in the second half of its fiscal year 2011, without disclosing financial terms.