Technology - Business news

Baidu profit up 27 percent as mobile grows

Chinese search engine Baidu Inc. said Thursday its quarterly profit rose 27 percent as user traffic for its mobile operation surpassed passed its desktop computer-based search business.

3 hours ago
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Samsung vows changes after mobile profit plunges

Samsung Electronics Co. admitted erring in its smartphone strategy and vowed Thursday to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years.

4 hours ago
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WhatsApp founders own nearly $9B in Facebook stock

WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly $9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month.

4 hours ago
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Chrysler recalls over 566,000 trucks, SUVs (Update)

Fiat Chrysler is recalling more than 566,000 trucks and SUVs in two recalls to fix malfunctioning fuel heaters that can cause fires and a software glitch that can disable the electronic stability control.

Oct 29, 2014
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