JetBlue's Profits Rise as Fuel Drops

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JetBlue Airways Corp. said Thursday that cheaper fuel and operating expenses—coupled with traffic increases—buoyed earnings in the fourth quarter.

Scrapped: Oil Prices Shelve an $11 Billion Gulf Coast Project

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Sasol said it was shelving an $11 billion project on Louisiana’s Gulf Coast, imperiling one of the largest foreign investments on U.S. soil because of the plunge in oil prices.

ConocoPhillips Records Loss, to Further Slash Capital Budget

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ConocoPhillips announced plans Thursday to pare its capital budget by another 15% as the exploration and production company swung to a loss in its fourth quarter amid tumbling crude oil prices.

Alibaba's Revenue Growth Disappoints

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Alibaba said revenue rose 40% during its December quarter as the Chinese e-commerce giant saw a continued surge in users buying items through mobile devices.

Coach's Earnings Fall Less Than Expected

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Coach posted lower earnings and revenue in its December quarter but highlighted a slight improvement in sales at its North American locations.

Sky, Telefónica in U.K. Mobile Partnership

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Sky said it has reached an agreement to partner up with the U.K. business of Spanish mobile-phone operator Telefónica, with the British pay-TV company launching a mobile service for the first time next year.

Ford Earnings Down on North America Ops, Venezuela

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Ford Motor said fourth-quarter net income plummeted to $52 million from $3 billion a year ago, as a $700 million charge related to removing Venezuela from consolidated earnings dragged results down.

Nokia Notches Up Better-Than-Expected Profit

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Finland’s Nokia Corp. reported better-than-expected fourth-quarter net profit and fattened its dividend but investors took fright at a fall in revenue from the licensing of its large catalog of patents.

Potash Corp. Profit Jumps 77%

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Potash Corp. of Saskatchewan Inc. raised its quarterly payout on Thursday and said fourth-quarter earnings jumped 77%, fueled by record potash sales volumes and higher prices for all three of its key fertilizer nutrients.

Viacom Media Networks, Filmed Entertainment Post Revenue Gains

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Viacom Inc.said its media networks and filmed entertainment divisions propelled revenue growth in its most recent quarter.

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