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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.

CHANGSHA, May 13 (Xinhua) -- The body of an elderly man has been recovered from the debris of a landslide, bringing the death toll from rainstorms in central China's Hunan Province to 12, the Hunan flood-control and drought relief headquarters said Thursday.About 42,000 people were relocated to safe areas over the past day as the rainstorms lashed more than 280 townships in Hunan from 2 p.m. Wednesday, said a statement from the headquarters.The latest victim was a 72-year-old man who died in a rain-triggered landslide in Xupu County of Huaihua City, where four bridges collapsed and 68 roads were cut by flooding, said Zhou Shengqi, publicity officer of Xupu.  A strawberry field in Loudi, Central China's Hunan province is flooded on May 13, 2010. The rainstorms damaged 10,200 hectares of crops and destroyed 480 residential buildings in the county, Zhou said.The violent weather occurred five days after storms that killed 11 people and left two others missing in Hunan.Heavy rains were forecast to continue to pound Hunan for the next five days and neighboring Guangdong Province for the next two days, provincial meteorological authorities said Thursday.

WASHINGTON, April 30 (Xinhua) -- U.S. Secretary of State Hillary Clinton on Friday celebrated here the opening of U.S. Pavilion in 2010 Shanghai World Expo, which kicked off with a grand opening ceremony earlier in the day.Clinton invited business leaders to attend the reception, which featured a live feed from the Pavilion in Shanghai. She said the Pavilion promotes a "people to people connection" between the United States and China, which is "the base of a long-lasting relationship."Clinton thanked corporate partners for their participation, saying the pavilion is not only a partnership between China and the United States, but also a partnership between the U.S. government and the country's corporations.U.S. law forbids using federal money to participate in World Expo. In order to have a presence in the Expo, Clinton committed her "personal prestige" and helped to raise funds for the Pavilion, according to Jose Villarreal, commissioner general of the U.S. exhibition.In all, about 50 corporations became sponsors of the U.S. Pavilion. Deloitte's CEO of Federal Government Services Robin Lineberger said becoming a sponsor can help raise the company's profile.Destination management company Pacific World's North America President Jane Schuldt said the company is providing logistics services for the exhibition and all other sponsors, and as its major clients in the American business world go to the Expo, it went too.When the company "had an opportunity to stand up and support the USA Pavilion ... it seemed exactly the appropriate step to take and support to be given," she said.

BEIJING, April 17 (Xinhua) -- China is disappointed the European Union (EU) has decided to launch an anti-subsidy investigation into imported Chinese coated paper, Ministry of Commerce (MOC) spokesman Yao Jian said Saturday."China will closely follow this issue and reserves its right to take necessary measures in accordance with WTO rules," Yao said.He said the coated paper probe is the EU's first anti-subsidy investigation into Chinese products.The EU launched an anti-dumping investigation on Chinese coated paper two months ago, he said.Increased trade protectionism is a major threat to the world economy recovery, Yao said."To create a win-win situation, China and the EU should settle trade disputes cooperatively," he added.MOC data shows the EU initiated seven anti-dumping investigations against China in 2009.The EU is China's largest trade partner, with bilateral trade volume exceeding 360 billion U.S. dollars last year.

BEIJING, May 10 (Xinhua) -- A senior Chinese official has urged the Communist Party's disciplinary and supervisory bodies to improve their work in companies and financial organs owned by the central government.He Guoqiang, member of the Standing Committee of the Communist Party of China (CPC) Central Committee Political Bureau, made the remark at a meeting in Beijing on Monday.The CPC Central Commission for Discipline Inspection has issued a guideline to strengthen its supervisory bodies within companies and financial organs owned by the central government.He, who heads the CPC Central Commission for Discipline Inspection, asked companies and financial organs run by the central government to further implement the guideline and promote the Party's anti-corruption effort.The Party's disciplinary organs should constantly improve their officials' political loyalty and build up the system for preventing and punishing corruption, He said.