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CHICAGO, April 21 (Xinhua) -- The Chicago-based Boeing Company reported on Wednesday that its first-quarter net earnings were 519 million U.S. dollars, down 15 percent from 610 million dollars in the same quarter last year, citing the health care legislation charge.The aerospace and defense giant said in its first quarterly financial report that total revenues for the first three months were 15.22 billion dollars, down from 16.50 billion dollars in the prior year quarter while the earnings per share was down to 70 cents from 86 cents one year ago.Boeing indicated that the results for the quarter reflect solid performance across core businesses and a previously disclosed 20 cents charge per share on health care legislation, while the year- ago quarter results were reduced by 31 cents per share on a charge due to poor market conditions in commercial airplanes."With clear progress on the 787 and 747-8, solid financial performance and marked improvement in our customer outlook, we continue to draw on the positive momentum we saw at the end of 2009," said Jim McNerney, Boeing chairman, president and chief executive officer.Boeing's earnings guidance for 2010 is pegged at 3.50 dollars to 3.80 dollars per share, reduced from 3.70 to 4.00 per share due to the charge on health care legislation. At the same time, the company continues to expect that 2011 revenue will be higher than 2010, primarily driven by projected 787 and 747-8 deliveries."Our outlook remains attractive, and we are focused on executing well and delivering on our commitments to customers," said McNerney.The report also indicated that the 787 program continued flight testing during the quarter, as an additional two airplanes joined the two airplanes already in the flight test program.The Dreamliner completed key flight test milestones such as flutter, stall and ground-effect tests. On March 28, the static test unit successfully completed the ultimate load test with a fully pressurized cabin.The 787's first delivery is expected in the fourth quarter of 2010. Total firm orders for the 787 at quarter-end were 866 airplanes from 57 customers.
BEIJING, May 20 (Xinhua) -- As the curtain is about to rise on the upcoming second round of the China-U.S. Strategic and Economic Dialogue (S&ED), to be held in Beijing on May 24-25, the world's attention will again focus on the Chinese capital.Chinese Vice Foreign Minister Cui Tiankai said Thursday that in order to achieve positive results from the dialogue, China will strengthen communications, enhance mutual trust and deepen cooperation with the United States.Analysts say this round of talks is of special significance because it signals a new consensus reached by the two sides after overcoming certain obstacles in their relationship.MOVING TOWARDS THE SAME DIRECTIONThe history of Sino-U.S. relations is full of twists and turns, so every step forward and every turn for the better is precious.The second S&ED will be another positive turn for both nations after they overcame a number of complicated problems in their relations.After Barack Obama took over the White House last year, Sino-U.S. relations got off to a good start. Under a consensus reached by President Hu Jintao and Obama in London in April last year, the first S&ED was successfully held in Washington in July of that year and achieved fruitful results.However, from the end of 2009 to the beginning of 2010, Sino-U.S. relations had been seriously interrupted and bilateral cooperation greatly affected by a series of events, including the U.S. arms sales to Taiwan and U.S. leaders' meeting with the ** Lama.At that time, many outside observers doubted whether Washington would be able to cease those interruptive actions and pave the way for achieving positive results at the second S&ED.In April, Hu met Obama in Washington while attending the Nuclear Security Summit. During that meeting, Hu put forward a five-point proposal for developing Sino-U.S. relations, and called for "respecting each other's core interests and major concerns and ensuring healthy and stable development of Sino-U.S. relations."Obama responded positively to the proposal, promising to build a stronger U.S.-China relationship, respect China's core interests, and carefully handle sensitive issues.The meeting was widely believed as a successful one that was significant to the development of Sino-U.S. relations."The recent improvement in Sino-U.S. relations is of course related to China's firm insistence on its right positions," said Zhou Shijian, a senior fellow at the Sino-U.S. Relations Research Center of Qinghua University.In recent days, U.S. Ambassador to China Jon Huntsman also said frankly in Washington that due to certain decisions such as the arms sales to Taiwan made by the Obama administration earlier this year, the U.S.-China relationship went through many difficulties and challenges for several months. But that difficult period has gone, and the bilateral relations have entered a new phase.UNIQUE SIGNIFICANCE OF A UNIQUE MECHANISMIn a recent interview with Xinhua, Taiya Smith, the former lead negotiator for the U.S.-China Strategic Economic Dialogue at the U.S. Treasury Department, likened the two countries to two giant ships in the sea.She said when the two ships sail toward each other, they need to know the other's course. The S&ED is a unique mechanism to serve that purpose.Under the mechanism, the two countries are able to hold serious discussions once a year on strategic, comprehensive and long-term issues of mutual interest so that they will be able to deepen mutual understanding, enhance mutual trust and promote cooperation.Many analysts agree that this round of dialogue will be significant both for bilateral relations and the world situation as a whole.

BEIJING, May 23 (Xinhua) -- Chinese Vice Premier Wang Qishan Sunday met with U.S. Federal Reserve Chairman Ben Bernanke, who was in Beijing for the second round of the China-U.S. Strategic and Economic Dialogue (S&ED).They exchanged views on issues including global economy and finance, and the reform on financial supervision system.Wang and State Councilor Dai Bingguo, as Chinese President Hu Jintao's special representatives, will co-chair the dialogue on May 24-25 with U.S. Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner, who are President Barack Obama's special representatives. Chinese Vice Premier Wang Qishan (R) meets with U.S. Federal Reserve Chairman Ben Bernanke in Beijing, capital of China, May 23, 2010.
SHENZHEN, May 26 (Xinhua) -- Another employee of Foxconn Technology Group jumped to death Wednesday night just hours after the company chief promised better welfare and local government appealed to young workers to cherish their lives.The latest casualty fell to his death from a dormitory building in a Shenzhen plant at around 11:20 p.m. Wednesday, a witness surnamed Ye told Xinhua over the phone. The death has been confirmed by Foxconn.It was the 10th such death and 12th such fall at the plant in Shenzhen this year. Two Foxconn employees had survived their suicide attempts but sustained severe injuries. President of Foxconn Terry Gou bows for apology after a string of suicides by the company's employees at a plant of Taiwan-based Foxconn Technology Group in Shenzhen, south China's Guangdong Province, on May 26, 2010. Terry Gou said here on Wednesday that the company would prevent such tragedies from happening again. Foxconn is part of Taiwan's Hon Hai Precision Industry Co. and makes computers, game consoles and mobile phones for companies including Hewlett-Packard Co., Sony Corp. and Nokia Corp.Traumatized by the series of tragedies, Foxconn Chairman Terry Gou, the usually media-shy executive, flew to Shenzhen to show off his plant to around 300 Chinese and foreign reporters in order to repair the image of the manufacturing giant, which makes iPods and other popular gadgets.He promised the firm would do everything possible to prevent more deaths. Nets were put on buildings to stop people from jumping, and about 100 mental health counselors were being trained.Gou said Foxconn would also adjust salary for employees in two weeks, and fund the establishment of a hospital to provide professional therapies for employees.
XIANGNING, Shanxi, April 5 (Xinhua) –- Chinese President Hu Jintao and Premier Wen Jiabao conveyed sympathy to the nine coal miners who were safely taken out of the Wangjialing Coal Mine in north China's Shanxi Province Monday morning.Luo Lin, head of the State Administration of Work Safety, read a telegraph of Vice Premier Zhang Dejiang on the site. In the letter, Zhang expressed sympathy to the survivors on behalf of Chinese President Hu Jintao and Premier Wen Jiabao and ordered rescue workers to race against time and go all out to continue the rescue work.The nine survivors lifted out of the shaft were immediately sent to a nearby hospital for medical treatment.Underground water gushed into the pit of under-construction Wangjialing Coal Mine at about 1:40 p.m. last Sunday. Altogether 261 miners were working underground, and 108 were lifted to safety.
来源:资阳报