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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.
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Bank Of China Profit Disappoints, Signals Rough Quarter For Peers

Bank of China <601988.SS>, the country's No.3 lender by market value, posted on Thursday a near 10 percent rise in first-quarter net profit but the figure fell below expectations as flat net interest margins offset a rise in fee income.
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.
Russia palladium

Palladium Bounces On Demand For Industrial Metals Exposure

Palladium prices are bouncing back from a big decline that started in February in what could be a sign of rising investor confidence in the U.S. recovery, thanks to rising auto sales, and concerns over Russian supplies.
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.
Apple's New iPad: Spate of Performance Issues

Apple Shares Skyrocket 10%, Pushing Up Overall US Markets

Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, skyrocketed 10 percent before the markets opened Wednesday on forecasts of further recordbreaking earnings. That sent overall U.S. markets up.
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.
Robin Li, founder and chief executive of Chinese search engine Baidu, attends the Baidu 2011 technology innovation conference in Beijing

Baidu Q1 Revenue Rises 75%, But Shares Fall On Bleak Outlook

China's dominant search engine Baidu Inc reported $677.1 million revenue for the first quarter, which is up 75 percent compared to the same period a year ago, but disappointed the market with a bleak outlook for the next quarter.

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