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Chinese telecoms equipment maker Huawei Technologies has reported its profit inched higher in the first three quarters of this year despite persisting U.S. sanctions that have hindered both its sales and its purchases of advanced technology HONG KONG -- Chinese telecoms equipment maker Huawei Technologies said its revenue edged higher in the first three quarters of the year, even as it grappled with U.S. sanctions that have hindered both its sales and its purchases of advanced technology. The Shenzhen-headquartered firm said Friday that it generated 456.6 billion yuan ($62.4 billion) in revenue for the first nine months of the year, an increase of 2.4% compared to the same period last year. Huawei, the biggest maker of network gear for phone and internet carriers, said its net profit margin was 16%, but it gave no basis for comparison. Ken Hu, Huawei’s rotating chairman said that the figures were “in line with forecasts.” He thanked Huawei’s customers and partners for their trust and s...

Ongoing strength at its theme parks and an improving streaming business propelled The Walt Disney Co. to higher profits and revenue in its fiscal second quarter Ongoing strength at its theme parks and an improving streaming business propelled The Walt Disney Co. to higher profits and revenue in its fiscal second quarter. But the company lost 4 million streaming subscribers to its Disney+ service and its shares fell 4.5% in after-hours trading. The entertainment giant, which is in the midst of a “ strategic reorganization,” has been working on trimming about 7,000 jobs as part of a targeted $5.5 billion cost savings across the company. Bob Iger, who returned in November to take over the CEO post from Bob Chapek, has been working over the past six months to turn around Disney's streaming business while simultaneously making sure that the financial might coming from its theme parks doesn't waver. He's also had to contend with trying to protect Disney World’s theme park distr...