Porsche profit jumps 34% despite China slump and falling sales

Porsche maintained its full-year guidance as cost-cutting and stronger 911 sales lifted profit, despite a 32% fall in Chinese deliveries and plans to eliminate thousands of jobs by 2035.

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding businesses, said Wednesday its second-quarter operating profit jumped 72.5 percent from a year earlier driven by expanded sales of high-priced vessels, including liquefied natural gas carriers. For the April-Jun