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BUSINESS NEW

                  CHINA MANUFACTURER CHINA CNR RECALLS 45 BULLET TRAIN

                  
 The particular models were used on the Beijing-Shanghai high-speed rail line, the firm said in a statement.
The announcement comes a day after officials placed a temporary halt on all new high-speed rail projects.The government continues to face public fury over a crash that killed 40 people last month.
The incident, which took place on a separate high-speed rail line near Wenzhou, lead to allegation of mishandling on the part of authorities and has called the country's flagship project into question.
This after the rail link between Shanghai and Beijing had already run into delays because of power cuts and technical reasons after it was launched in June.
The State Council said on Thursday that safety checks would be carried out on existing lines, speed limits would be enforced and the safety of all new projects would be re-evaluated before being approved."We will suspend for the time being the examination and approval of new railway construction projects," the council said in a statement.
However, the council also said: "China will unswervingly continue its development of high-speed railways."


                 APPLE SURPASSES EXXON TO BECOME MOST VALUABLE US FIRM





Apple had briefly become the largest US firm on Tuesday, before dropping back below the oil giant.
But Apple has now managed to stay in the top spot at the close of Wall Street for the first time.
It fell 2.8% to end at $363.69, giving a market cap of $337bn (£209bn). Exxon is now worth $331bn after it fell 4.4%.Exxon, which had been the most valuable company since 2005, saw its stock fall 4.4% to close at $68.03.
Apple had been in second spot since May last year when it overtook Microsoft.
Whereas Exxon has limited growth prospects, because it is reliant on oil prices and new oil discovery, Apple can continue to come up with new technology products.
Apple tends to introduce a new product roughly every three years, which would mean a new gadget in 2013 after the launch of the iPad in 2010.