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SAN FRANCISCO, Nov. 21 (Xinhua) -- Hewlett-Packard Co. (HP) on Monday reported that its profit in the most recent quarter fell more than 90 percent with sales also declining.In the company's fourth quarter of fiscal 2011 ended Oct. 31, the company posted net earnings of 239 million U.S. dollars, compared with 2.54 billion dollars in the same period a year earlier.HP's net revenue for the quarter reached 32.1 billion dollars, down 3 percent year-on-year.Excluding one-time items, HP earned 1.17 dollars per share, which topped estimates of analysts.According to Thomson Reuters, analysts had expected earnings of 1.13 dollars per share on revenue of 32.05 billion dollars.It was the first earnings report since Meg Whitman took over as chief executive officer (CEO) of the information technology giant on Sept. 22, replacing Leo Apotheker."HP has a great opportunity to build on our strong hardware, software, and services franchises with leading market positions, customer relationships, and intellectual property," Whitman said in a statement after the earnings announcement."We need to get back to the business fundamentals in fiscal 2012, including making prudent investments in the business and driving more consistent execution," she added.

PARIS, Oct. 15 (Xinhua) -- Faced with new problems such as sovereign debt and downward risks, all countries should work together to enhance coordination on macroeconomic policies to guard economic growth and financial stability with respective effort, Chinese delegates said Saturday here at the G20 Financial Ministers Meeting.The global economy is challenged by new difficulties which require all countries to join hands in fighting all sorts of protectionism either in trade or in investment, according to a statement issued by the Chinese delegation led by Chinese Financial Minister Xie Xuren and Central Bank Governor Zhou Xiaochuan.China suggested that leading developed countries should ensure economic recovery and financial stability in short term, while in the medium term enhance fiscal solidarity, accelerate structural reform and refrain the negative impact of macroeconomic policies.Meanwhile, China also stressed that the emerging countries should make their own contribution to tackle the problems. "The emerging markets should promptly take flexible and effective macroeconomic measures in order to control slowdown and tackle with impacts from inflation and capital flows," the statement said.Emerging economies "should also quicken their pace on structural reform in a bid to realize stable and faster growth," the statement added.During the two-day meeting, G20 financial leaders gathering in Paris welcomed the progress the Europe made on the eurozone debt issue on Saturday, but meanwhile expected the euro area to rely more on itself with bigger bailout fund to avoid contagion.

SAN FRANCISCO, Nov. 4 (Xinhua) -- Google is mulling a plan to offer paid cable-TV services to consumers, a move that could flare up a new wave of competition in the traditional TV business, U.S. media reported on Friday.According to The Wall Street Journal, the Internet search giant has considered adding video and phone services to a previously announced high-speed Internet service in two U.S. cities.People briefed on the plan told the newspaper that Google has discussed distributing major TV channels from companies like Walt Disney, Time Warner and Discovery Communications as part of the video service. The discussions were still exploratory and no final decisions have been made, said the report.Google said it does not comment on rumor or speculation.Whether it is a speculation or not, the reported plan reflects possible innovation and revolution for the traditional TV experience with the growth of high-speed Internet, which may become another lucrative battlefield all the technology giants will fight for.With the growth of home and mobile broadband services, more and more video contents become available for rental, purchase and streaming on desktop computers, tablet computers and smartphones.Competitions on the video streaming market have been increasingly fierce this year, among such services as Apple's iTunes, Amazon's Prime Video, NetFlix, Hulu Plus and Vudu, which is owned by Wal-Mart.Cable companies, facing a grim picture of being kicked out in the decades to come, also fought back with their own mobile apps and online streaming services.A new Steve Jobs biography revealed that the late Apple co- founder had been working on an Apple television."It would be seamlessly synced with all of your devices and with iCloud. It will have the simplest user interface you could imagine. I finally cracked it," Jobs told biographer Walter Isaacson in the book.Some analysts said the introduction of an Apple smart TV could bring a 100-billion-U.S.-dollar revenue opportunity for the Cupertino, California-based company.Last Friday, Google-owned YouTube announced a plan to launch 100 channels on its site with original professionally produced content. A new version of Google TV was also launched with new search tools that expand results from shows on cable to web-based services like NetFlix and Amazon.

XI'AN, Nov. 20 (Xinhua) -- Fish in Hongjiannao Lake, China's largest desert freshwater lake, are teetering on the verge of extinction, according to local fishery authorities."The fish in Hongjiannao have nearly vanished," said Li Weiping, the head of a fish monitoring station in northwest China's Shaanxi province.As the lake continues to shrink, its water has become more salty and its pH reading has reached 9.6, while the maximum reading suitable for fish is 8.5, according to Li.The lake has gradually lost the water that it used to get from underground streams and rivers, Li said, adding that excessive coal mining around the lake has changed the way water flows underground. Two reservoirs have been built on two rivers near the upper reaches of the lake, preventing river water from flowing into the lake.The lake's water level has plunged by 20 to 30 centimeters every year. Its total surface area has been reduced to 41.8 square km, down from 67 km in 1996.