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.
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.
Raytheon reported a 10% rise in fourth-quarter profit that, like its 2015 guidance, fell short of investor expectations, even as the Pentagon’s third-largest supplier bolstered its backlog with more overseas orders.
Royal Dutch Shell posted higher profit but said it would freeze dividend payments, curb its planned spending over the next three years by some $15 billion, and scale back its investments in shale resources world-wide as it struggles with weaker oil prices.
The fortunes of the world’s two biggest smartphone makers crossed paths again, as contrasting earnings reports from Apple and Samsung Electronics put the two technology giants back in a dead heat for leadership of the global market.