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SHANGHAI, Jan. 11 (Xinhua) -- The listed arm of China's biggest train maker, China South Locomotive and Rolling Stock Industry (Group) Corporation (CSR), has been allowed by regulatory authorities to raise 9 billion yuan (1.41 billion U.S. dollars) on the stock market, the company said Wednesday.The Hong Kong- and Shanghai- listed CSR Corp. Ltd. will sell 1.96 billion shares at 4.46 yuan apiece to select investors, it said. But CSR's parent -- state-owned CSR Group -- has agreed to buy no less than 6 billion yuan's worth of the shares, leaving the rest to institutional investors.CSR's net profit growth in the third quarter of 2011 plunged to 9.66 percent year-on-year from a high of 85.08 percent in the first half of 2011 as the country put the brakes on development of the railway sector after a deadly bullet train crash on July 23 that killed 40 people and injured 210 others.The decision to slow the development of high-speed rail lines has led to halts in construction of about 90 percent of ongoing railway projects, or 10,000 km of rail lines across the country, local media reported earlier.CSR is the maker of the bullet trains involved in last July's deadly collision. After the accident, the company's executives bought a combined 540,000 share in August, a move seen as an attempt to bolster battered stock prices.Analysts say the fundraising would help CSR greatly ease its financial burdens. The company earlier pledged to maintain profit growth and its dividend policy to boost investors' confidence.

SAN FRANCISCO, Oct. 14 (Xinhua) -- Google on Friday announced to shut down the highly-controversial social networking product Google Buzz, along with several other services in the coming weeks.On the company's official blog, Google announced the death penalty to its code search engine, Buzz, Jaiku which let users send updates to friends, the Google personalized homepage feature iGoogle, and the University Research Program for Google Search.The shut-downs came as part of Google's housecleaning effort announced in early September, in which the company said it will shut down a number of products and merging others into existing products as features."Changing the world takes focus on the future, and honesty about the past. We learned a lot from products like Buzz, and are putting that learning to work every day in our vision for products like Google+. Our users expect great things from us; today's announcements let us focus even more on giving them something truly awesome," said Google in the blog post.Google Buzz, a social networking and messaging tool integrated into Gmail service, has been widely criticized for privacy concerns and held back the search giant from expanding its businesses to the social networking space.After Buzz, Google launched Google+ in June, which has been receiving a good response and passed the 40 million user mark, the company's chief executive officer Larry Page said Thursday.

SAN FRANCISCO, Nov. 12 (Xinhua) -- Apple has unveiled a worldwide replacement program for the first-generation iPod nano music player due to overheating battery issues, telling owners to stop using the product and get it replaced for free."Apple has determined that, in very rare cases, the battery in the iPod nano (1st generation) may overheat and pose a safety risk. Affected iPod nanos were sold between September 2005 and December 2006," said Apple in a notice posted late Friday on the support section of its official website.The company said the issue has been traced to a single battery supplier that produced batteries with a manufacturing defect. Since the product is five or six years old now, the likelihood of an incident increases.Owners of iPod nano can check the serial number on the back of the product to see if it is eligible for replacement. Apple promises a replacement unit about six weeks after the company received the affected one.The overheating battery issues of the first generation iPod nano have been known for years. In 2008, Japan's Ministry of Economy, Trade and Industry launched an investigation into Apple after dozens of iPod overheating cases were reported, including several incidents of iPod nanos toasting to the point of catching fire and causing minor burns to owners.Last August, a commuter train in Tokyo was delayed during rush hour when passengers complained of a strong burning smell from an overheating iPod nano that had burst apart.The portable music player also cost Apple a 22.5 million-U.S. dollar settlement in 2009 when a class action lawsuit in California alleged iPod nano is prone to scratches and its alleged defects were not disclosed by the company.

BEIJING, Nov. 1 (Xinhua) -- The ministers of Brazil, South Africa, India and China (BASIC) in a Tuesday joint statement urged developed nations to fulfill their commitments and provide funds and technology to help developing nations tackle climate change.Developed nations should honor their commitments, made at the Copenhagen climate change conference in 2009, to provide 100 billion U.S. dollars annually by 2020 and ensure that there will be no funding gaps from 2013 to 2020, according to the statement.Developed nations should also fulfill their pledge to offer 30 billion U.S. dollars in "fast-start funding" to developing nations in order to help them address climate change, the statement said.The ministers agreed that the coming Durban climate change conference should achieve a "comprehensive, fair and balanced outcome" under the principle of common but differentiated responsibility.They called on the conference to clearly establish the second commitment period under the Kyoto Protocol, during which developed country parties to the Kyoto Protocol should undertake quantified emission reduction commitments.The Kyoto Protocol is the cornerstone of climate change and its second commitment period is an essential priority for the success of the Durban conference, according to the statement.H The joint statement was issued following a two-day meeting of ministers from the four nations, also known as the ninth BASIC Ministerial Meeting on Climate Change, a mechanism through which the four countries and other developing countries coordinate their efforts in climate change.Representatives of Group 77 countries, island countries and the Arab League also attended the meeting.The Durban conference is scheduled for November. The focus of the conference is expected to be the extension of the Kyoto Protocol and acquiring a commitment from developed countries for the protocol's next period.The Kyoto Protocol, an international agreement linked to the United Nations Framework Convention on Climate Change, sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas emissions from 2008 to 2012.

BEIJING, Nov. 3 (Xinhua) -- Two Chinese spacecraft accomplished the country's first space docking procedure early Thursday, silently coupling in space more than 343 km above Earth's surface.Nearly two days after it was launched, the unmanned spacecraft Shenzhou-8 docked with space lab module Tiangong-1 at 1:36 a.m., marking another great leap for China's space program.The success of the docking procedure makes China the third country in the world, after the United States and Russia, to master the technique, moving the country one step closer to establishing its own space station.A video grab taken from the China Central Television on Nov.3, 2011 shows the Shenzhou-8 spacecraft docking with the Tiangong-1 space lab module. Unmanned spacecraft Shenzhou-8 docked with space lab module Tiangong-1 early Thursday, according to the Beijing Aerospace Control Center.President Hu Jintao, who is in France for the G-20 summit, sent a congratulatory message on the success of the country's first-ever space docking."Breakthroughs in and acquisition of space docking technologies are vital to the three-phase development strategy of our manned space program," Hu said in the message.Hu said he wishes all the program participants to try all out to fulfill a complete success of the whole mission after the smooth docking.Other leaders, including Wu Bangguo, Wen Jiabao, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, who are Standing Committee members of the Political Bureau of the Communist Party of China Central Committee, watched the mission at the Beijing Aerospace Flight Control Center.China is now equipped with the basic technology and capacity required for the construction of a space station, said Zhou Jianping, chief designer of China's manned space program."This will make it possible for China to carry out space exploration on a larger scale," he said."The capability increases China's ability to act independently in space, as well as its ability to cooperate with others," said Gregory Kulacki, senior analyst and China project manager at the global security program of the Union of Concerned Scientists, a nonprofit scientific advocacy group based in the United States."China's pursuit of an original solution to space docking, that is based on their understanding of the experience of other nations, could lead to innovations or experiences other space-faring nations could find useful," Kulacki said.The world's first space docking was achieved in 1966, when the manned U.S. spacecraft Gemini 8 docked with an unmanned Agena Target Vehicle.Forty-five years later, the maneuver remains a technological challenge. Many of mankind's 300-plus attempts have been met with difficulties or resulted in failure."To link up two vehicles traveling at 7.8 km per second in orbit, with a margin of error of no more than 20 centimeters, is like 'finding a needle in a haystack'," Zhou said.The Shenzhou-8 and Tiangong-1 will separate after flying together for 12 days. After that a second docking procedure will be conducted.Rendezvous and docking, essential to exploring space beyond Earth's orbit, create the possibility of building space stations, resupplying them, transferring astronauts and rescuing them.Without this key know-how, exploration of the moon and beyond requires carrier rockets with significant amounts of thrust. China does not currently possess rockets of this magnitude.Shenzhou-8 and Tiangong-1 both weigh about 8 metric tons, well within the delivery capacity of the Long March 2F rocket. A permanent orbiting space station is designed to be as heavy as 60 metric tons, with docking ports accommodating both manned and freight space vehicles.The interior of both the Shenzhou-8 and Tiangong-1 is an actual environment in which astronauts can live and work. After the Shenzhou-8 tests, the Tiangong-1 will remain a target orbiter for more docking procedures in 2012 by the Shenzhou-9 and -10 spacecraft, at least one of which will be manned to conduct manual docking.Although the Shenzhou-8 is unmanned, it is equipped with devices to record images and data that will help China make improvements to its spacecraft design and astronaut training.Two female astronauts are now believed to be on the active duty roster for future Shenzhou missions, said Chen Shanguang, director of the Astronaut Center of China (ACC)."We must assess both male and female astronauts to verify if human beings can live in space, as there are huge differences between men and women in spite of their common generalities," Chen said."Space exploration activities would be incomplete without the participation of female astronauts," Chen said.The Chinese spacecraft also feature collaborative space experiments under the framework of a Chinese-German science and technology cooperation.German scientists designed bio-incubators for the experiments, while their Chinese counterparts were in charge of the development of control equipment, China's manned space program spokeswoman Wu Ping said.