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Samsung Becomes World's Largest Handset Maker, Nokia's 14-Year Run Ends

After reporting record profit for the first quarter of 2012, South Korean tech giant Samsung Electronics has achieved yet another outstanding feat. The company has become the world's number one handset vendor, thereby ending Finnish firm Nokia's 14-year run as the global leader, according to a latest research from Strategy Analytics.

PetroChina Q1 Profit Rises 5.8% On Higher Oil Output

An engineer walks past piles of oil tanks at a PetroChina's oil refinery in Lanzhou
PetroChina Co, the world's second largest oil and gas firm, reported a $6.21 billion profit in the first quarter on Thursday, giving the company a 5.8 percent increase compared to the same period a year ago.
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Li Xueming/ Bo Xiyong

Bo Xilai Scandal Brings Down Older Brother

As Chinese investigations into Bo Xilai, the disgraced former boss of Chongqing and Politburo member, continue, the rest of his family and their business dealings are under the spotlight.
South Sudan and China

China Sends Envoy To Sudans To Promote Peace Talks, Working With US

China announced Wednesday that it will send its African envoy, Zhong Jianhua, to Sudan and South Sudan with the hope of brokering peace talks between the two rival nations which have recently been engaged in border skirmishes that threaten to escalate into an all-out war.
Ford Motor Company CEO Alan Mulally

Ford (F) Earnings Preview: Weakness In Europe Will Hurt 1Q Earnings

Ford Motor Co. (NYSE: F), the second-largest U.S. carmaker, is expected to report Friday its first-quarter earnings plunged by 42.6 percent as gains in North America couldn't offset a slump in vehicle demand in Europe and slowing sales growth in South America and Asia.
Caterpillar

Caterpillar Inc. (CAT) Q1 Profit Rises, Lifts Forecast

Caterpillar Inc. (NYSE: CAT), the largest maker of construction and mining equipment, reported a 29 percent jump in its first-quarter profit that topped analysts' estimates and boosted its full-year outlook, as U.S. builders replaced their aging machinery and demand for mining equipment boomed.
Kim Jong Un

North Korea Claims To Have 'Modern' Weapons Capable Of 'Defeating' US

A senior North Korean military officer has claimed that Pyongyang is equipped with powerful modern weapons capable of defeating the US. This declaration coincides with speculation that the reclusive Asian nation may be planning to conduct a nuclear test, following its failed rocket launch on April 13.

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