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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, April 11 (Xinhua) -- China here Sunday expressed concern over the situation in Thailand after Saturday's bloody clashes between the anti-government "red-shirts" and the security personnel."We show deep concern over the situation in Thailand," Chinese Foreign Ministry spokesperson Jiang Yu made the remarks in response to journalist's question.As a friendly neighbor, Jiang said, China sincerely hopes the social order in Thailand can be restored at an early date.China also hoped Thailand could realize political stability and economic development and its people could enjoy a peaceful and happy life. "Red-shirts" protesters check a damaged Thailand Army vehicle near the Democracy Monument in Bangkok, capital of Thailand, April 11, 2010. Some 20 people lost their lives during the Saturday clashes between the anti-government "red-shirts" and security personnel in Bangkok, the Erawan (or Bangkok Emergency Medical Service Center) told Xinhua Sunday afternoon. The death toll was recorded by 12:00 p.m., as at the same time some 834 people were injured, the Erawan center said.Some 20 people lost their lives during the Saturday clashes between the anti-government "red- shirts" and security personnel in capital Bangkok, the Erawan (or Bangkok Emergency Medical Service Center) told Xinhua Sunday afternoon.The death toll of 20 was recorded by 12:00 p.m., and at the same time some 834 people were injured, the Erawan center said.
BEIJING, March 31 (Xinhua) -- The Chinese central government on Tuesday pledged more support for Xinjiang Uygur Autonomous Region in achieving prosperity and stability.At a meeting on the development of Xinjiang, in Beijing on March 29 and 30, Vice Premier Li Keqiang and senior leader Zhou Yongkang called for collaboration between central ministries, designated provinces and municipalities and Xinjiang's regional government to build the region into a moderately well-off society in the next decade.Xinjiang's development and stability was at a critical moment, Li said. National support for the region would be instrumental in its development and essential to its long-term peace and order.A meeting on the development of Xinjiang Uygur Autonomous Region is held in Beijing, capital of China, on March 29 and 30, 2010. Chinese Vice Premier Li Keqiang and senior leader Zhou Yongkang, also members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, called for collaboration between central ministries, designated provinces and municipalities and Xinjiang's regional government to build the region into a moderately well-off society in the next decade.He asked officials to establish an effective mechanism for providing personnel, technological, managerial and financial support, while improving livelihood issues like housing, employment and education, as priorities.Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, said the government aimed to fully launch the support project in 2011 after a year of research, planning and personnel training, and planned to achieve remarkable results for major tasks in five years.
BEIJING, April 15 (Xinhua) -- A large number of countries and international and regional organizations have extended their condolences to China for an earthquake that hit northwest China's Qinghai Province and that has killed at least 617 people.Messages of condolences were sent to President Hu Jintao, Premier Wen Jiabao, and Wu Bangguo, chairman of the Standing Committee of the National People's Congress.The 7.1-magnitude quake struck the Tibetan Autonomous Prefecture of Yushu in southern Qinghai Province early Wednesday, leaving at least 617 people dead, 9,110 injured and hundreds missing.Russian President Dmitry Medvedev and Prime Minister Vladimir Putin on Wednesday extended profound condolences to Hu over victims of the devastating quake while pledging assistance in dealing with the aftermath.U.S. Secretary of State Hillary Clinton and House Speaker Nancy Pelosi issued statements on the same day, sending condolences to the families of the quake victims and pledging assistance.French President Nicolas Sarkozy expressed "the most sincere condolence to the numerous victims in the tragedy" and was "confident of China's capacity to cope with the new ordeal."French Prime Minister Bernard Kouchner said France stands ready to respond to aid requests from China.
BEIJING, April 5 (Xinhua) -- Chinese President Hu Jintao and Premier Wen Jiabao extended their regards to 115 miners late Monday who had been rescued alive after being trapped in a flooded coal mine for over a week.The two leaders also paid tributes to all the 3,000 rescuers who had been racing the clock to save the 153 trapped people since the flooding happened on March 28 in the Wangjialing Coal Mine in northern Shanxi Province.Hu and Wen ordered the rescue headquarters to step up efforts and go all out to save the other 38 trapped people.They also required local health authorities to give the most considerate treatment of the rescued miners.Altogether 261 miners were working underground when floodwater gushed into the pit of the mine, which was under construction, and 108 were lifted safely to the surface.