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Airbus profits plunge, blames scrapping of A380

European aerospace giant Airbus announced Tuesday its net profit fell sharply in the first quarter, blaming in part its decision to stop building the loss-making A380 super-jumbo.

High fuel costs drive Lufthansa deeper into red in Q1

German airline group Lufthansa plunged deeper into the red in the first quarter, it said Tuesday, blaming the rising price of fuel and intense competition in Europe but sticking to annual targets.

SK Hynix profits slump 69% in first quarter

South Korea's SK Hynix, the world's second-largest memory chip maker, saw operating profits plunge more than two-thirds in the first quarter in the face of lower prices, it said Thursday.

Tesla hit with big loss as car deliveries sputter

Electric carmaker Tesla on Wednesday announced a heavy loss in the first quarter as car deliveries sputtered overseas and a US tax credit that made its prices more attractive was reduced.

Twitter triples profits, global user base steadies

Twitter said Tuesday profits soared in the past quarter, and President Donald Trump immediately claimed credit for the success of the short messaging platform even as he renewed his allegations of bias.

Dell adds to market share in weakening global PC market

As worldwide PC shipments decline, the top three vendors—Lenovo, HP Inc. and Dell Technologies—boosted their share of the global PC market in the first quarter of 2019, according to new industry data.

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