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SAN FRANCISCO, July 21 (Xinhua) -- Microsoft Corp. on Thursday posted strong quarterly earnings in its fourth fiscal quarter, with profit and revenue beating expectations from Wall Street analysts.For the quarter ended June 30, the world's largest software maker reported a net income of 5.87 billion U.S. dollars, or 69 cents per share, representing increases of 30 percent and 35 percent respectively when compared with the year-ago period.Revenue for the quarter was 17.37 billion dollars, up by 8 percent from the same period a year earlier.Wall Street analysts had expected a profit of 58 cents per share on a revenue of 17.23 billion dollars, according to Thomson Reuters.For the whole fiscal year, Microsoft reported a record revenue of 69.94 billion dollars, a 12 percent increase from the prior fiscal year. Net income for the year was 23.15 billion dollars, accounting for an increase of 23 percent.Among its business sectors, Microsoft Business Division revenue grew 7 percent for the fourth quarter and 16 percent for the full year. Over 100 million licenses of office 2010 have been sold so far, said the company.Primarily driven by growth in search revenue, the company's on- line services division revenue grew 17 percent for the fourth quarter and 15 percent for the full year. U.S. search share of Microsoft's search engine Bing increased 340 basis points year- over-year.Microsoft said revenue of entertainment and devices division grew by 30 percent for the quarter and 45 percent for the year.However, Windows and Windows Live revenue declined by 1 percent for the fourth quarter and decreased by 2 percent for the full year. Microsoft said estimated full-year revenue growth for the Windows division was in line with the sluggish PC market growth.

BEIJING, Sept. 2 (Xinhuanet) -- Insomnia costs average U.S. worker 11.3 days, or 2,280 dollars, in lost productivity each year, according to a new study published in journal Sleep.The total cost to the nation is 63.2 billion dollars annually, the study said.Researchers analyzed information about sleep habits and work performance from 7,428 workers taking part in Harvard Medical School's American Insomnia Study survey in 2008-09.As a result, 23.2 percent of the participants suffered insomnia, characterized by a hard time falling or staying asleep.Moreover, insomnia rates were 19.9 percent for those with less than a high school education and 21.5 percent for college graduates."We were shocked by the enormous impact insomnia has on the average person's life," said Ronald C. Kessler, a lead author and a psychiatric epidemiologist at Harvard Medical School."It's an underappreciated problem. Americans are not missing work because of insomnia. They are still going to their jobs but accomplishing less because they're tired," Kessler noted.Employers usually ignore the consequences of insomnia because it's not considered an illness resulting in workers' absenteeism.But the high cost of lost sleep identified in this study indicates that employers need to take it more seriously.

BEIJING, Aug. 21 (Xinhuanet) -- The 7th Beijing-Tokyo Forum opened in Beijing on Sunday.This year’s forum, the Future of Asia and China-Japan Cooperation in Economic Reshaping, expects about 600 leaders from the political, business, academic and media fields to take part in a two-day discussion focusing on China-Japan cooperation.Wang Chen, minister of the State Council Information Office, delivers a speech at the reception for Beijing-Tokyo Forum on Saturday night in Beijing.Wang Chen, minister of the State Council Information Office, said at the reception on Saturday for the forum that China pursues an open development that is not exclusive to the rest of the world, but instead ensures cooperation and win-win with other countries."China and Japan’s economy are highly reliant on each other, and they are so close that they cannot get separated from each other,” Wang said.

WASHINGTON, Aug. 4 (Xinhua) -- Researchers have found a way to turn mouse embryonic stem cells into sperm and this finding opens up new avenues for infertility research and treatment, according to a study published Thursday in the online edition of journal Cell,A Kyoto University team coaxed mouse embryonic stem cells into sperm precursors, called primordial germ cells (PGCs), and shown that these cells can give rise to healthy sperm. The researchers say that such in vitro reconstitution of germ cell development represents one of the most fundamental challenges in biology.When transplanted into mice that were unable to produce sperm normally, the stem cell derived PGCs produced normal-looking sperm, which were then used to successfully fertilize eggs. These fertilized eggs, when transplanted into a recipient mother, produced healthy offspring that grew into fertile male and female adult mice. The same procedure could produce fertile offspring from induced pluripotent stem cells that are often derived from adult skin cells."Continued investigations aimed at in vitro reconstitution of germ cell development, including the induction of female primordial germ cell-like cells and their descendants, will be crucial for a more comprehensive understanding of germ cell biology in general, as well as for the advancement of reproductive technology and medicine," the researchers wrote.

SAN FRANCISCO, July 28 (Xinhua) -- Amazon announced Thursday that it had reached an agreement with NBC Universal to allow its members to view certain movies from Universal Pictures on-line through its movie streaming service.According to the on-line retail giant, Oscar-winning movies such as "Eternal Sunshine of the Spotless Mind," "Gosford Park" and "Elizabeth" as well as other favorites like "Notting Hill" and "Billy Elliot" are part of the pact.The movies will be available to Amazon Prime members through its streaming service Prime Instant Video. Amazon Prime is a membership program that gives subscribers discounts on shipping for a 79 U.S. dollar annual fee.In February, Amazon said it would offer Prime customers unlimited access to an on-line video library. Last Wednesday, Amazon announced an accord with CBS that expanded the video library to more than 8,000 movies and TV shows. It said Thursday that the NBC deal will bring the number to more than 9,000.With the CBS, NBC Universal deals, Amazon steps up its rivalry against other movie streaming services, especially Netflix, a popular on-line and mail-order movie rental company which just boosted prices by 60 percent for some subscribers. Analysts said Amazon is trying to make the pitch to those customers who are disappointed with Netflix.In a second-quarter earnings letter to investors distributed on Monday, Netflix CEO Reed Hastings said Netflix had more than 24.6 million subscribers in the U.S. at the end of June and vastly more streaming content than its competitors."We haven't detected an impact on our business from Amazon Prime," he noted.

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