Nokia reported a quarterly net loss for the third time in a row amid sluggish mobile-network sales, but said it would continue to broaden its product portfolio to offset a decline in the mobile infrastructure market. The stock fell sharply in early trading.
Volkswagen reported a 17% increase in operating profit before special items in the three months to the end of September, driven by sharply higher profit at its Skoda and SEAT car brands and its truck business, and raised its sales outlook for the year on the back of strong demand in China.
Telefónica is trimming its dividend in a bid to reduce debt and ward off a potential ratings downgrade that would push the Spanish telecommunications giants’ creditworthiness closer to non-investment grade.
Fox News star Megyn Kelly has changed agents and publicity teams since last year. Now the question is if she will change TV networks. The host of “The Kelly File” is in active talks over her contract, seeking an average annual salary north of $20 million.
Swedish car maker Volvo Car Corp. on Thursday upgraded its full-year profit guidance, buoyed by strong third-quarter sales of its SUVs in China and the U.S., and said that it expects record sales in 2016.