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SAN FRANCISCO, Nov. 9 (Xinhua) -- Cisco Systems Inc., the world 's biggest networking equipment maker, on Wednesday reported that its profit fell about 7.9 percent in the most recent quarter.In the company's fiscal 2012 first quarter ending on Oct. 29, Cisco posted its net income of nearly 1.78 billion U.S. dollars, compared with 1.93 billion dollars in the same period a year earlier.Excluding some items, earnings per share in the quarter were 43 cents, better than the 39 cents estimated by analysts, according to Bloomberg.Cisco's sales in the quarter reached 11.26 billion dollars, an increase of 4.7 percent year-on-year and also topped analysts' projection of about 11 billion dollars."We delivered a solid quarter," John Chambers, Cisco's chief executive officer, said in a statement."We've completed the majority of our restructuring and have organized Cisco to successfully execute against our strategy of providing intelligent networks, architectures and integrated products that solve customers' business problems," he added.

WASHINGTON, Nov. 11 (Xinhua) -- The U.S. Food and Drug Administration (FDA) on Friday approved HEMACORD, the first licensed hematopoietic progenitor cells-cord cell therapy.HEMACORD is indicated for use in hematopoietic stem cell transplantation procedures in patients with disorders affecting the blood forming system. For example, cord blood transplants have been used to treat patients with certain blood cancers and some inherited metabolic and immune system disorders."The use of cord blood hematopoietic progenitor cell therapy offers potentially life-saving treatment options for patients with these types of disorders," said Karen Midthun, director of FDA's Center for Biologics Evaluation and Research, in a statement.HEMACORD contains hematopoietic progenitor cells (HPCs) from human cord blood. Cord blood is one of three sources of HPCs used in transplants. The other two are bone marrow and peripheral blood. Once these HPCs are infused into patients, the cells migrate to the bone marrow where they divide and mature. When the mature cells move into the bloodstream they can partially or fully restore the number and function of many blood cells, including immune function.

ABU DHABI, Jan. 16 (Xinhua) -- Visiting Chinese Premier Wen Jiabao said here Monday that China supports the efforts of European countries, including Iceland, to preserve financial stability and maintain economic growth.Wen made the remarks during his meeting with Icelandic President Olafur Ragnar Grimsson on the sidelines of the 5th World Future Energy Summit.The Chinese premier lauded the significant progress in China-Iceland relations, saying that China eyes on maintaining high-level exchanges, cementing consultation at various levels with Iceland, and consolidating mutual political trust.Chinese Premier Wen Jiabao (R) meets with Icelandic President Olafur Ragnar Grimsson in Abu Dhabi, the United Arab Emirates, Jan. 16, 2012.In coping with the global financial crisis, the two countries should seek opportunities to boost market confidence, expand bilateral trade, promote mutual investment and deepen communications in culture, education and tourism, Wen said.China and Iceland share huge potential of cooperation in such fields as energy conservation, carbon emission reductions, geothermal power and glaciers, Wen noted.Agreeing with Wen's views on bilateral relations, Grimsson expressed his appreciation of China's support for Iceland as well as other European nations in tackling the global financial crisis and reaffirmed his confidence in future bilateral cooperation.Iceland will work with China to deepen cooperation in such fields as new energy, environmental protection, ship-building, and polar regions research to promote the sustainable development of the world, Grimsson stressed.Wen arrived here Monday after concluding an official visit to Saudi Arabia. The trip will also take him to Qatar.

XIAMEN, Dec. 26 (Xinhua) -- The three-decade achievements of the Xiamen Special Economic Zone have shown that China has made the right decision to set up special economic zones (SEZs), President Hu Jintao said Monday.Hu made the remarks in a congratulatory letter to a gala held Monday in southeastern Fujian province's city of Xiamen, which is celebrating the 30th founding anniversary of its special economic zone.Over the past 30 years, the Xiamen Special Economic Zone has made marked socio-economic progress, made significant changes in people's lives, and served as a pilot area for the country's reform and opening-up and socialist modernization, Hu said.The Xiamen Special Economic Zone has made a unique contribution to promoting cross-Strait economic and trade cooperation as well as culture and personnel exchanges, Hu said in the letter.Hu also urged the economic zone to further enhance the capability of independent innovation, ensure and improve people's well being, strengthen and make innovations in social management, and better serve the peaceful development of the cross-Strait relationship.He Guoqiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, attended and addressed the gala.In his speech, He said the economic zone should develop high-end manufacturing business and a modern service industry, while speeding up the establishment of a market-oriented technology innovation system that integrates production with scientific research.The economic zone needs to make greater efforts in energy saving and emissions reduction as well as environmental protection by greatly developing a green and recycling-based economy, according to He.He also said that the economic zone should exert itself to increase the income of rural and urban residents, especially low-income residents, and meet people's basic requirements in terms of education and culture, employment, medical services and housing."Reasonable appeals of the people should be addressed, and behavior that undermines people's interests should be resolutely rectified," He said.In addition, He expects the Xiamen Special Economic Zone to thoroughly implement the cross-Strait Economic Cooperation Framework Agreement (ECFA) and further explore and enhance cooperation in finance and logistics with Taiwan, He said.The economic zone should also strengthen the development of direct flights, customs clearance and ports in order to facilitate direct exchanges across the Taiwan Strait, according to He.He also met with representatives of Hong Kong, Macao and Taiwan residents and overseas Chinese, who attended the gala.He said people from all walks of life in Hong Kong, Macao and Taiwan have long been active in investing, financing education and alleviating poverty in Fujian.They have not only shared the opportunities that the country's reform and development have brought forth and expanded their own enterprises, but also greatly boosted the country's socio-economic progress, He said."You are witnesses, participants and beneficiaries of the reform and opening up," He said to these representatives.The Xiamen Special Economic Zone is one of the four earliest SEZs set up after China initiated the reform and opening up in 1978. In 1984, it was expanded from the initial 2.5 square kilometers to 131 square kilometers. Last year, it was extended to span the entire city.

BEIJING, Jan. 6 (Xinhua) -- China's railways will carry 235 million passengers during the 40-day Spring Festival travel rush, up 6.1 percent year-on-year, the Ministry of Railways said Friday.A daily average of 5.88 million people will make trains trips from Jan. 8 to Feb. 16, the ministry said in a statement on its website.Economic hubs such as Beijing, Guangzhou, Shanghai and Hangzhou and the inland provinces of Sichuan, Hubei, Jiangxi, Anhui and Hunan will see the most activity during the period, as millions of rural migrant workers and students head home for family reunions, according to the statement.The ministry has arranged for extra trains in anticipation of the rush, the statement said, but added that "the conflict remains between passenger demand and railway capacity."Railway authorities have long been under pressure to increase capacity and improve ticketing services, as many citizens find it extremely hard to secure a single ticket during major holidays.The ministry has begun allowing customers to book their tickets online or by phone to ease the ordeal of buying tickets. However, website glitches and the huge demand have rendered the new ways ineffective to many ticket buyers.The Spring Festival, or the Chinese Lunar New Year, falls on Jan. 23.