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SAN FRANCISCO, June 13 (Xinhua) -- Social networking giant Facebook will likely go public in the first quarter of 2012 with a valuation that could top 100 billion U.S. dollars, U.S. media reported on Monday.In a report, CNBC quoted people familiar with the matter as saying that Facebook could submit filing to register its securities with the U.S. Securities and Exchange Commission (SEC) as early as October or November this year.People who are on Wall Street and track this information told the business news television channel that they think the Facebook initial public offering (IPO), if and when it happens could value the company of more than 100 billion dollars.A factor in the company's IPO timing is the SEC's requirement that companies must disclose financial information if they have more than 500 private investors."The company has until the end of April 2012 to disclose their financials, but they may just want to get ahead of that by doing a formal initial public offering, I'm told. And that could happen in the first quarter of the year," said CNBC Wall Street reporter Kate Kelly.Facebook is also facing internal pressure as employees have not been permitted to sell their private shares on the secondary market since last spring. An IPO would make it easier for employees to monetize their shares, said Kelly, citing sources.Facebook shares have been traded in private markets such as Sharepost.com, which puts the social networking company's valuation at 85 billion dollars.Meanwhile, latest data show that Facebook is losing users last month in the United States, Canada and several European countries, indicating that the company could have hit the limits of expansion in its mature markets.

CHANGSHA, July 17 (Xinhua) -- Chinese State Councilor Liu Yandong has called for more communications in language and culture among the people in China and foreign countries.Liu made the remarks during a meeting with the contestants of the 10th "Chinese Bridge" competition, an international Chinese proficiency competition for foreign college students, which opened Saturday in Changsha, capital of central Hunan Province.The "Chinese Bridge" competition has attracted over 100,000 college students from more than 70 countries over the past ten years, and contestants have improved their Chinese language, experienced the Chinese culture and established deep friendship with others during the competition, Liu said.She said that language is a tool for cultural communications, and linguistic learning and exchanges can promote the mankind's civilization and progress in a broader reach."The Chinese government always encourages the public, especially the youths, to learn foreign languages, and through the learning, they are enlightened on the diversified cultures around the world," she said."This also helps promote the good-will exchanges and cooperation among the Chinese and foreign peoples," she added.Liu said the Chinese government is also making efforts to meet the needs of foreign people to learn the Chinese language. She called on foreign young students to improve their Chinese proficiency and to use the Chinese language as a bridge to fell a real China in a comprehensive way.She expressed her hope that the foreign students will spread the good will and sincerity of the Chinese people to other parts of the world, in order to promote the joint efforts for the peace and prosperity of the world.
LOS ANGELES, June 14 (Xinhua) -- Rural elders are far more likely to be overweight or obese, physically inactive and food insecure than their suburban counterparts, three risk factors for heart disease, diabetes and repeated falls, a new study suggests."The countryside can have an isolating effect," said lead researcher Steven P. Wallace, deputy director of the Center for Health Policy Research at the University of California, Los Angeles. "When even a trip to the grocery store is a significant drive, seniors can become trapped in their houses."The researchers based their finding on analyzing the lifestyles and living conditions in California countryside.The study found that despite living in the countryside, where open space is plentiful and there is often significant agricultural production, California's more than half a million rural elders have higher rates of developing various health problems than their urban and suburban counterparts.These problems include:-- Older adults in rural areas are more often overweight or obese (61.3 percent) than their urban (57.3 percent) and suburban (54.0 percent) counterparts;-- Rural older adults do not get enough exercise;-- One in five rural elders do not participate in either moderate or vigorous physical activity in their leisure time;-- Rural and urban older adults are more likely to be food insecure; and-- One in five low-income older adults in rural settings report that they cannot consistently afford enough food to last the month, a rate is about twice that of low-income suburban adults.Approximately 710,000 Californians aged 65 and over live in the countryside -- almost one-fifth of all older adults in the state. Yet rural elders experience unique challenges to healthy living, including a lack of sidewalks, street lights, transportation services, access to healthy food outlets, parks, exercise facilities and health care sites. California's rural areas are also challenged by a dearth of physicians and other primary care providers, compelling many seniors to travel long distances to seek care, according to the study.The findings were published Tuesday on the website of the American Association for the Advancement of Science.
LOS ANGELES, Sept. 1 (Xinhua) -- Fisker Automotive, a Southern California electric car maker, announced on Thursday that it has signed a pact with BMW regarding the supply of engines and other related components for future models in a major tieup.The Anaheim, Orange County-based U.S. car maker will get a four-cylinder turbocharged engine, totalling 100,000 units every year, for its next generation of cars under a project code-named "Project Nina," the company said.The production of the model, a mass-market plug-in hybrid sedan, will begin at the end of 2012 and the sale is slated for 2013."The BMW engine was an obvious choice for us, as BMW is known for producing the best and most fuel efficient gasoline engines in the world," Fisker's CEO and Executive Design Director Henrik Fisker said. "We are very pleased to have signed this agreement with BMW."The firm did not disclose the terms.The U.S. automaker, founded in 2007, has produced electric vehicles with extended range (EVer). The first derivative of "Project Nina" will be a mid-sized premium sedan which utilizes the technology.The company's other products include Fisker Karma Sedan, a luxury sports car and the world's first premium electric plug-in hybrid.
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