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Federal officials Sunday confirmed 29 cases of bacterial poisoning linked to fresh apple juice as investigators tested for contamination in samples pulled from Western U.S. and Canadian store shelves.
Bob Howard of the U.S. Centers for Disease Control in Atlanta said the agency had confirmed that 29 children and young ... | 31 |
Boeing Co defense and space group President Gerald King said he thought the company had a "better than 50-50" chance of surviving to the next round of the military's Joint Strike Fighter program.
He said in an interview he was "not quite as bullish" about the company's chances of surviving into the next round of compet... | 31 |
Pyramid Breweries Inc. PMIDO Tuesday warned of lower-than-expected sales and earnings for the fourth quarter, blaming increasing competition in the craft beer industry.
Seattle-based Pyramid said sales would be 20 percent to 25 percent below last year's levels on a wholesale basis and said it expected to just break ev... | 31 |
A federal appeals court on Wednesday overturned a jury verdict that ordered Nintendo Co. Ltd. to pay $253 million for patent infringement.
With interest, the company could have been forced to pay nearly $300 million to tiny Alpex Computer Corp. for a technology allegedly used in the hugely popular Nintendo Entertainmen... | 31 |
Microsoft Corp is expected to report modest earnings growth for the latest quarter on Friday despite tough comparisons with the year-earlier period and a sales slowdown ahead of an upgrade of a popular software package.
Industry analysts surveyed by First Call on average expect Microsoft to report earnings of 51 cents ... | 31 |
Underdog Boeing Co., pitted against the nation's top two defence contractors, hopes to emerge as one of the winners next week when the Pentagon narrows the field to two competitors for the biggest weapons project of the early 21st century.
Boeing, Lockheed Martin Corp. and McDonnell Douglas Corp. are each leading teams... | 31 |
Airbus Industrie's preliminary restructuring agreement may help the consortium become more efficient, but poses no near-term threat to Boeing Co's market dominance, industry analysts said Friday.
Although details of the Airbus agreement were not revealed, it appeared to represent a step forward from last July's announc... | 31 |
Boeing Co's planned $13 billion acquisition of McDonnell Douglas Corp. will propel it to a leading position as a military contractor, matching its stature as the world leader in commercial aviation.
While Europe's Airbus Industrie is likely to feel competitive pressure because of Boeing's increased resources, industry ... | 31 |
Microsoft Corp. is expected to report modest earnings growth for the latest quarter Friday despite tough comparisons with the year-earlier period and a sales slowdown ahead of an upgrade of a popular software package.
Industry analysts surveyed by First Call on average expect Microsoft to report earnings of 51 cents a ... | 31 |
Microsoft Corp Chief Financial Officer Mike Brown Monday said he expected the company's revenues to rise sequentially in the next two quarters from the $2.3 billion reported for the three months ended September 30.
In an interview, Brown also said he thought the company's cost of goods sold could decline "a little bit"... | 31 |
Louisiana-Pacific Corp. said Monday it will close its Ketchikan pulp mill in southeastern Alaska next year after the failure of negotiations with the Clinton administration over timber supply.
The company said it planned to take a $350 million charge against third-quarter pre-tax earnings -- $215 million or $2 per shar... | 31 |
Microsoft Corp is expected to report on Friday that it had modest earnings growth in the second quarter, despite tough comparisons with the year-earlier period and a sales slowdown ahead of an upgrade to its top-selling software bundle.
Industry analysts surveyed by First Call on average expect Microsoft to report earn... | 31 |
American Airlines is planning to place a long-awaited order for about $6 billion worth of Boeing Co. airplanes, according to reports published Wednesday.
Airline Chairman Robert Crandall was scheduled to make a "major company announcement" at a news conference Thursday.
Officials of Boeing and American declined to comm... | 31 |
Boeing Co. took orders for a record 717 jets valued at $53 billion last year for a 64 percent share of the world market, company officials said Tuesday, adding that this year should be as good or better.
Figures compiled by Boeing show the Seattle-based aerospace giant had net orders for 559 airplanes with a "catalog" ... | 31 |
Microsoft Corp. reported better-than-expected profits for the latest quarter Monday as strong demand for its Windows 95 and Windows NT computer operating systems helped fuel record sales.
The world's largest software maker said earnings rose 23 percent to a record $614 million, or 95 cents a share, in its fiscal first ... | 31 |
Boeing Co, the world leader in commercial aviation, flew into the ranks of the top military contractors as well on Sunday when it announced its planned $13 billion acquisition of McDonnell Douglas Corp.
Boeing's increased resources should put competitive pressure on its commercial rival, Europe's Airbus Industrie. But ... | 31 |
American Airlines is planning to place a long-awaited order for about $6 billion worth of Boeing Co. airplanes, according to reports published Wednesday.
Airline Chairman Robert Crandall was scheduled to make a "major company announcement" at a news conference Thursday.
Officials of Boeing and American declined to comm... | 31 |
Microsoft Corp stock is ending 1996 near where it began -- at slightly more than $80 a share.
But after adjusting for a stock split, the value of those shares is up a stunning 91 percent, and company chairman Bill Gates, the richest man in America, has seen his stake rise to about $23.6 billion from $12.4 billion.
Whil... | 31 |
Declaring their belief that the Internet will be the "next mass medium," Microsoft Corp. executives Thursday unveiled the new version of the company's MSN online service, with a heavy emphasis on entertainment programming.
Despite bandwidth limitations and other technical obstacles that make full-motion video impractic... | 31 |
Sierra Semiconductor Corp jumped 23 percent Thursday on the expectation the company would emerge as a smaller but more profitable operation after its planned exit from the computer modem business.
The San Jose, Calif., company was up 2-1/8 at 11-3/8 after its announcement Wednesday that it planned to pull out of the hi... | 31 |
Microsoft Corp's share price rose to recored levels Monday despite a warnings by the software giant of slowing growth in fiscal 1998.
Microsoft, which reported "blowout" second quarter results on Friday, was up 4-3/4 at 91-7/8 and sparked a broad rally on Nasdaq, where it was the most active issue with nearly 15 millio... | 31 |
An outbreak of bacterial food poisoning that sickened at least 13 children and young adults in the Seattle area has been traced to one company's tainted apple juice, health officials said on Wednesday.
Odwalla Inc, a rapidly growing fresh juice and beverage company based in Half Moon Bay, California, issued a nationwid... | 31 |
Microsoft Corp Chief Financial Officer Mike Brown said he expected earnings and revenues to rise sequentially in the fiscal third and fourth quarters compared with the just-ended second quarter.
Brown said in an interview he expects the recent release of Office 97 to provide a "nice step" up in earnings in the third qu... | 31 |
Boeing Co. is expected to use the biennial Farnborough Air Show in England next week to formally launch the long-awaited stretch version of its 747 jumbo jet, industry analysts say.
While officials of the aerospace giant remain tight-lipped, analysts say it is all but certain executives will make a major announcement o... | 31 |
A year after its massively publicized introduction, Microsoft Corp.'s Windows 95 computer operating system has fallen short of the most optimistic expectations for the software giant and the industry.
Even though more than 40 million copies of Windows 95 have been sold, making it the fastest-selling new software ever, ... | 31 |
Sierra Semiconductor Corp.'s stock jumped more than 27 percent Thursday on expectations the company will emerge as a smaller but more profitable operation after it exits the computer modem business.
The San Jose, Calif.-based company's stock gained after its announcement Wednesday that it plans to pull out of the highl... | 31 |
Boeing Co. said Thursday that profits climbed 13 percent in the third quarter on stronger sales of its commercial jets and higher interest income.
The world's largest aircraft maker said net income for the three months ended on Sept. 30 climbed to $254 million, or 74 cents a share, from $225 million, or 66 cents a shar... | 31 |
Boeing Co.'s stunning agreement to acquire longtime rival McDonnell Douglas Corp. won a ringing endorsement from Wall Street and sent shock waves through the aerospace industry Monday.
Stock in both companies soared on expectations the deal would boost Boeing's operating profits immediately after its completion, target... | 31 |
Declaring their belief that the Internet will be the "next mass medium," Microsoft Corp. executives Thursday unveiled the new version of the company's MSN online service, with a heavy emphasis on entertainment programming.
Despite technical limitations that make true video impractical, many of the new MSN programs rese... | 31 |
A startup Seattle software company Tuesday launched a product aimed at solving one of the Internet's most vexing problems: information overload.
Intermind Corp., formed a little more than a year ago by a software consultant and a former Microsoft Corp. executive, said its Intermind Communicator allowed users to seek cu... | 31 |
Boeing Co. is expected to use the biennial Farnborough Air Show in England next week to formally launch the long-awaited stretch version of its 747 jumbo jet, industry analysts say.
While officials of the aerospace giant remain tight-lipped, analysts say it is all but certain executives will make a major announcement o... | 31 |
An outbreak of bacterial food poisoning that sickened at least 13 children and young adults in the Seattle area has been traced to one company's tainted apple juice, health officials said on Wednesday.
Odwalla Inc, a rapidly growing fresh juice and beverage company based in Half Moon Bay, California, issued a nationwid... | 31 |
Microsoft Corp is expected to report a sharp slowdown in earnings growth Monday due largely to a sales surge last year when the software giant launched its Windows 95 operating system.
On average, industry analysts expect the company to post earnings of $0.90 a share for its fiscal first quarter, up 15 percent from las... | 31 |
Microsoft Corp.'s share price rose to record levels Monday despite a warning by the software giant of slowing growth in fiscal 1998.
Microsoft, which reported "blowout" second-quarter results on Friday, closed at $90.75, up $3.625, and sparked a broad rally on Nasdaq, where it was the most active issue, with more than ... | 31 |
Boeing Co defense and space group President Gerald King said the company's planned acquisition of Rockwell International Corp's defense and space business was on track to close in early December.
In an interview, King also said he expected the defense and space group to remain "a significant part of the Boeing Co" with... | 31 |
Microsoft Corp. faces increasingly stiff competition and some skeptical corporate customers as it launches the latest version of its hugely profitable Office suite of applications.
Company Chairman Bill Gates has predicted Office 97 will be the biggest upgrade ever in percentage terms for the market-dominating product,... | 31 |
Boeing Co.'s stunning agreement to acquire longtime rival McDonnell Douglas Corp. won a ringing endorsement from Wall Street and sent shock waves through the aerospace industry Monday.
Stock in both companies soared on expectations the deal would boost Boeing's operating profits immediately after its completion, target... | 31 |
Microsoft Corp. reported better-than-expected profits for the latest quarter Monday as strong demand for its Windows operating systems and applications helped fuel record sales.
The computer software giant said earnings rose 23 percent to a record $614 million, or 95 cents a share, in its fiscal first quarter ended Sep... | 31 |
Upscale apparel retailer Nordstrom Inc. Monday posted a 16 percent increase in earnings for its third quarter as it boosted sales and reduced markdowns.
For the fiscal third quarter ending Oct. 31, Nordstrom posted sales of $984 million, up 9 percent over last year's $907 million. Net income rose to $34 million, or 42 ... | 31 |
The Internet browser wars heated up Monday as market leader Netscape Communications Corp launched its latest Navigator software and officials of rival Microsoft Corp. said they saw little new.
Netscape, countering Microsoft's high-profile launch of its Internet Explorer 3.0 last week, said it had linked up with more th... | 31 |
A bankruptcy judge Monday cleared the way for Montana construction mogul Dennis Washington to take over storied engineering giant Morrison Knudsen Corp., rescuing the company from near-insolvency.
U.S. Bankruptcy Judge Peter Walsh, in Wilmington, Dela., approved the prepackaged reorganization plan under which Washingto... | 31 |
Boeing Co. chief executive officer Phil Condit did not take long to leave his mark on the company.
Just one day after he was elected to become chairman of Boeing's board of directors Dec. 9, Condit began the final round of on-again, off-again negotiations that resulted in a $13.3 billion deal to acquire McDonnell Dougl... | 31 |
Boeing Co. took orders for a record 717 jets valued at $53 billion last year for a 64 percent share of the world market, company officials said Tuesday, adding that this year should be as good or better.
Figures compiled by Boeing show the Seattle-based aerospace giant had net orders for 559 airplanes with a "catalog" ... | 31 |
Software giant Microsoft Corp. MSFT.N plans to pay dividends to stockholders for the first time through a new issue of preferred shares, according to documents filed Monday.
The hugely profitable company, which has not paid dividends in its 10 years as a public company but has hoarded a cash pile that has grown to mor... | 31 |
Boeing Co. chief executive officer Phil Condit did not take long to leave his mark on the company.
Just one day after he was elected to become chairman of Boeing's board of directors Dec. 9, Condit began the final round of on-again, off-again negotiations that resulted in a $13.3 billion deal to acquire McDonnell Dougl... | 31 |
Pyramid Breweries Inc. Tuesday warned of lower-than-expected sales and earnings for the fourth quarter, blaming increasing competition in the craft beer industry.
Seattle-based Pyramid said sales would be 20 percent to 25 percent below last year's levels on a wholesale basis and said it expected to just break even for ... | 31 |
Microsoft Corp expects desktop applications led by its Office suite to bring in about $5 billion in revenues in the current fiscal year ending June 30, an executive said in an interview.
Richard Fade, vice president in charge of the desktop applications division, also said in the interview he expected 35 to 45 percent ... | 31 |
After months of denying that a $500 Internet appliance would pose a threat to its industry dominance, Microsoft Corp. plans to announce a new push for inexpensive, easy-to-use personal computers.
Microsoft is working with Intel Corp. and major compouter manufacturers such as Hewlett-Packard Co. and Compaq Computer Corp... | 31 |
Microsoft Corp. is expected to report a sharp slowdown in earnings growth Monday due largely to a sales surge last year when the software giant launched its Windows 95 operating system.
On average, industry analysts expect the company to post earnings of 90 cents a share for its fiscal first quarter, up 15 percent from... | 31 |
Microsoft Corp. Friday reported better-than-expected second-quarter profits on broad strength in sales of its personal computer software but warned of slower earnings growth next year.
The Redmond, Wash.-based software giant posted earnings of $741 million or 57 cents a share in the second quarter of fiscal 1997, a 29 ... | 31 |
China said on Monday it expected talks with the United States soon on a dispute over U.S. sanctions on its textiles and its own threat to retaliate.
Beijing also said it was still too soon to say which U.S. imports would be banned if Washington failed to withdraw penalties on imported Chinese textiles.
"We expect to se... | 49 |
The United States would consider some form of peaceful nuclear cooperation with China even before a previously signed accord is fully implemented, U.S. Secretary of State Warren Christopher said on Wednesday.
"As we move forward on nuclear non-proliferation, the U.S. is prepared to consider, as consistent with U.S. law... | 49 |
China's foreign debts reached $109.5 billion at the end of June but the governor of the central bank said the country was confident of paying its bills.
Governor of the People's Bank of China Dai Xianglong said the nation's foreign exchange reserves of about $96 billion -- among the biggest in the world -- were comfort... | 49 |
China should take advantage of easing inflation and switch its fund raising efforts to longer term bonds, an official newspaper said on Tuesday.
The Financial News, published by the central bank, said that the reduced interest rates meant that Beijing could lock in long-term funds at cheaper rates.
"Now that we are in ... | 49 |
China's recent string of satellite launch failures may help Russia's commercial space drive, a senior Russian space official said on Wednesday.
Russia should benefit from its strong space technology, despite lagging behind China in turning technical expertise into commercial success, said Vladimir Oumnikov of the Russi... | 49 |
China said Monday it expected talks with the United States soon on a dispute over U.S. sanctions on its textiles and its own threat to retaliate.
Beijing also said it was still too soon to say which U.S. imports would be banned if Washington failed to withdraw penalties on imported Chinese textiles.
"We expect to see w... | 49 |
The Stone Group, a Chinese high technology company, plans to inject assets into its Stone Electronic unit to boost trading in the Hong Kong-listed firm, a top group official said.
The asset injections could begin next year as the Hong Kong company recovers from its steep slide in profits in 1995, president Duan Yongji ... | 49 |
China's oil and chemical trading giant Sinochem hopes to list shares in Singapore as a first step in its plan to become a world-class conglomerate, a top official said on Friday.
"Our objective is to build our company into a transnational conglomerate," President Zheng Dunxun said.
"We are looking at big Korean and Jap... | 49 |
China on Tuesday announced a ban on poultry and poultry products from two U.S. states affected by what it said was the outbreak of a deadly disease.
The ban is already in effect and covers poultry from the states of Missouri and Oklahoma, an official of the Ministry of Agriculture told Reuters by telephone.
It was aime... | 49 |
China has captured the big prize in its recognition battle with rival Taiwan after South Africa announced plans to switch formal ties to Beijing.
But the lengthy transition of more than one year signals that much bargaining remains on the shape of future relations between the three governments, diplomats in Beijing sai... | 49 |
Officials with Volkswagen-First Automotive Works in northeastern China on Monday dismissed a report that the joint venture faced possible closure.
"This report is incorrect," said a spokeswoman of the joint venture, referring to a report by the German news magazine Der Spiegel.
"Production is still continuing," she sai... | 49 |
Russia will push to expand economic ties with China at a top level meeting in Moscow next month as old political hostilities fade in the background, a senior Russian diplomat said on Friday.
"The big task in bilateral relations is to boost economic cooperation to the level of political cooperation," said Russian Ambass... | 49 |
China has vowed to wind up the lengthy probe of the disgraced former boss of Beijing, saying the case had seriously damaged the Communist Party in the nation's capital.
Beijing party chief Chen Xitong stepped down in April last year, only weeks after his protege and vice-mayor Wang Baosen was targeted in a probe of eco... | 49 |
China will avoid bold moves in tackling its ailing state enterprises as it focuses on stability ahead of this year's crucial Communist Party congress, analysts said on Monday.
They said policy makers would err on the side of caution in a year billed by Beijing as one of the most significant of the communist era.
"Refor... | 49 |
China is planning to issue rules to speed development of its key power sector with an expanded role for foreign companies, a Chinese planning official said on Tuesday.
Beijing was reviewing rules governing build-operate-transfer (BOT) projects, which so far have been off limits for foreign companies on major power proj... | 49 |
China is preparing to tap overseas capital markets by listing shares of one or two of its chemical companies abroad, a senior Chinese official was quoted as saying on Sunday.
But as Beijing looks for foreign capital to upgrade its technology it plans to tighten foreign access to its own chemicals market by adding new r... | 49 |
A Chinese appeals court, in a rare move, sharply reduced on Friday to five years a prison sentence for an International Monetary Fund (IMF) employee accused of corruption.
The court's decision followed a brief suspension of technical assistance by the IMF and a Beijing visit by IMF Managing Director Michel Camdessus to... | 49 |
China warned on Monday against reinforcing military alliances, saying Cold War ideology lived on.
In an apparent dig at the United States, it also hailed what it called a trend towards a multi-polar political and economic world order.
"The practice of reinforcing military alliances runs counter to the current tide of p... | 49 |
China needs to extend bank credits to help boost its flagging export sector, a top trade official was quoted as saying on Sunday.
Minister of Foreign Trade and Economic Cooperation Wu Yi wanted commercial and subsidised bank credits, particularly for machinery and electrical equipment makers, the Financial Daily report... | 49 |
Asia gave a cautious welcome on Friday to U.S. President Bill Clinton's appointments for the key posts of secretaries of state and defence, mixing public praise with some private misgivings.
U.N. Ambassador Madeleine Albright, tapped to become the first woman secretary of state, and Senator William Cohen, who would tak... | 49 |
China said on Thursday the highest-level U.S. visit in two years had produced results and the task now was to push Sino-American ties forward.
Beijing made the upbeat assessment as U.S. Secretary of State Warren Christopher wound up a three-day visit by urging China to seize an historic opportunity to build a new era o... | 49 |
China's central bank chief has said that inflation would be a modest seven percent this year and this showed the state's economic policies were working.
But Dai Xianglong, governor of the People's Bank of China, lashed out at companies that had taken advantage of tight money policies used to tackle inflation by lending... | 49 |
China gave U.S. President Bill Clinton a signal on Sunday that the election had not cleared away nagging trade disputes, saying it planned tit-for-tat curbs on American imports.
Beijing said it would suspend temporarily its imports of some U.S. textiles, farm goods and alcoholic drinks in retaliation for Washington's i... | 49 |
China could list more railway companies and is studying a plan to create a fund to boost foreign investment in the sector, a railway official said on Monday.
The moves would be aimed at bringing in cash to help modernise the nation's huge rail system and fend off competition from planes and buses, Ministry of Railways ... | 49 |
China has begun a national drive to test all blood products since the discovery of HIV contamination earlier this year, a health official said on Friday.
"We have requested all local health authorities to inspect blood products and report the results to us," said an official at the Ministry of Public Health.
The offici... | 49 |
China plans to develop bigger rockets to carry heavier payloads into space and expand its role in the commercial satellite market, Chinese aerospace officials said on Thursday.
The ambitious, long-term goal was to build rockets that could carry 20-tonne payloads -- more than twice the current capacity of the nation's m... | 49 |
China issued tough new rules on the handling of blood products on Sunday in a move that follows the sale of HIV-tainted blood serum.
The official Xinhua news agency said the rules covered the production and distribution of blood products and set strict supervisory standards throughout the health industry.
It also said ... | 49 |
China has sent mixed signals to the United States before the visit by Secretary of State Warren Christopher, combining toughness with conciliation on a range of issues that have tangled Sino-American ties.
But diplomats said on Monday the highest level visit by a U.S. official in two years is unlikely to stumble over a... | 49 |
China said on Sunday the United States was trying to contain it and that Washington needed to shift policies to improve ties.
In an attack aimed just days before the arrival of U.S. Secretary of State Warren Christopher, China also accused the United States of being "self-righteous" and "alientating" in its foreign pol... | 49 |
China's once strained ties with the United States have improved dramatically in recent months with a series of top level visits healing some of the old wounds.
But as the two nations move closer, the United States is sidestepping one of China's most sensitive figures -- Premier Li Peng -- who is still too closely linke... | 49 |
China said on Thursday it strongly opposed a visit to Jordan by Taiwan's foreign minister and accused its island rival of trying to disrupt Beijing's ties with other friendly states.
It also accused Taipei's leaders of lacking sincerity towards improving relations with Beijing.
"We deeply regret and express our strong ... | 49 |
The choice of Singapore for the listing of China's big oil and chemicals trader was at least partly a political decision, Chinese officials and foreign securities analysts said.
They said that close ties between China and Singapore helped in the choice of the island state for the proposed offer of Sinochem's shares.
"T... | 49 |
China ushered in 1997, a year it has hailed as one of the most significant of the communist era for the impending recovery of Hong Kong, with a paean to senior leader Deng Xiaoping, the man who made it all possible.
China Central Television broadcast on Wednesday the first episode of a documentary lauding the 92-year-o... | 49 |
China on Tuesday announced a ban on poultry and poultry products from two U.S. states hit by an outbreak of a deadly disease.
The ban is already in effect and covers poultry from the states of Missouri and Oklahoma, an official of the Ministry of Agriculture told Reuters by telephone.
It was aimed at preventing damage ... | 49 |
A top Chinese defence official has stepped down in a reshuffle linked to China's string of satellite failures, political sources said on Friday.
General Ding Henggao has been replaced as Minister of the Commission of Science, Technology and Industry for National Defence (COSTIND), a key body charged with overseeing hig... | 49 |
Two years ago, China's second telephone network set out to challenge the powerful Ministry of Posts and Telecommunications (MPT) and bring competition into the country's a fast-growing market.
But the fledgling network has found it hard to tackle a seasoned competitor -- one that is also the market regulator.
"Are they... | 49 |
China on Thursday tried to play down friction with the United States over a rising trade gap and called on the U.S. to end curbs on technology exports to put trade back in balance.
"The two sides should avoid taking actions that do not help the expansion of trade," said a spokesman of the Ministry of Foreign Trade and ... | 49 |
China International Trust and Investment Corp, one of China's major conglomerates, is focusing its domestic operations on the financial sector where it hopes to see 70 percent of its profits, a top executive said.
"We are making money in the financial sector though manufacturing is having a hard time now," said Chang Z... | 49 |
China has taken its cue from U.S. Federal Reserve chief Alan Greenspan and tried to talk its raging stock markets lower but some investors said Beijing regulators did not need to shout.
China's official People's Daily ran a front-page commentary on Monday calling on investors to behave rationally in investing in the ma... | 49 |
China's Communist leaders may be fretting about the erosion of the ailing state sector at the expense of more nimble private firms.
But for one of the nation's newest banks -- the China Minsheng Banking Corporation -- this is an opportunity.
Formally inaugurated in January, the bank is aiming to lend the bulk of its fu... | 49 |
China is preparing a lobbying campaign to join the World Trade Organisation (WTO) at the ministerial meeting in Singapore this month, officials said.
It will send a team led by Long Yongtu, assistant minister of Foreign Trade and Economic Cooperation and an experienced trade negotiator, to the meetings that begin next ... | 49 |
China has tightened safety measures after a fatal rocket explosion early this year and has found the cause of another launch failure in August, Chinese space officials said on Wednesday.
Further testing was needed for the Long March 3 rocket and that could delay China's launch schedule, they said.
"Launch vehicles will... | 49 |
Heavy losses in metals trading by a young employee at big Chinese conglomerate CITIC showed striking similarities to Nick Leeson's deals that humbled Barings Bank, a top CITIC official said.
CITIC -- the China International Trust and Investment Corp -- had learned a bitter lesson from the 1994 losses and had stepped up... | 49 |
China needs $20 billion in foreign investment for its power expansion projects through 2000 and its investment climate is strong enough to attract this amount, Chinese power officials said on Monday.
They also denied that there was a firm cap on investment returns in the power industry though they conceded that the bes... | 49 |
China has tried to put new pressure on Taiwan to boost economic ties, courting the island's businessmen with an announcement of rules on direct shipping links, analysts said on Sunday.
But they said Beijing remained far from its goal of securing direct shipping, banned by the rival Nationalist government of Taiwan.
"Fr... | 49 |
China gave new hints on Monday that its three-year austerity programme was over, pronouncing its anti-inflation fight a success and saying the new task was ensuring stability as the nation prepared to recover Hong Kong.
China's top leaders, after winding up four days of meetings on the economy, also said a key goal nex... | 49 |
China Tuesday announced a ban on poultry and poultry products from Missouri and Oklahoma, citing what it said was the outbreak of a deadly disease.
The ban, which took effect Monday, was aimed at preventing damage from the "very destructive" Newcastle disease, an official of the Ministry of Agriculture told Reuters.
Of... | 49 |
China's leaders have agreed on a need to stimulate the economy but the central bank is trying to keep the policy low-key, a senior Chinese economist said on Thursday.
"There is a broad consensus on a need to stimulate the economy," said Fan Gang, an economist and director of the China Reform Foundation, an authoritativ... | 49 |
European Commission Vice President Sir Leon Brittan suggested on Thursday that China might soon see progress on its plan to join the World Trade Organisation but Beijing played down chances of a breakthrough.
Brittan said he might press the United States to move forward on China's drive to join the WTO if Beijing would... | 49 |
Communist Party chief Jiang Zemin has put his personal stamp on the legacy of China's paramount leader Deng Xiaoping with a television paean aimed at portraying him as the 92-year-old patriarch's rightful heir, analysts said.
The primetime television series was also carefully crafted to limit the role of those who migh... | 49 |
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