Ford's China vehicle sales in February fall 30 percent year-on-year

BEIJING — Ford said on Friday its vehicle sales in China, hampered in part by a dearth of new products, fell a sharp 30 percent in February from a year earlier, as it continued to struggle in the world’s largest auto market. The U.S. automaker, whose sales in January fell 18 percent year-on-year, said sales […]

Samsung forecasts Q3 profit of $12.8 billion, up 179% year-on-year

(Reuters) — Samsung Electronics said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins. Samsung shares touched a fresh high of 2.74 million won soon after the market opened on Friday, on hopes for record 2017 earnings […]

Baidu profit jumps 84% year-on-year as focus narrows on mobile and AI

(Reuters) — Chinese internet search engine provider Baidu has reported a jump in quarterly earnings, recovering from a string of regulatory investigations last year, as sharpened focus on mobile and artificial intelligence (AI) services drives growth. The result comes as Baidu narrows its attention to just a handful of areas outside its core business, while […]