US Business

Fortescue reported a 41% rise in first-half net profit and raised its midyear payout to shareholders, reflecting an increase in the price it fetched for its iron ore..

Axa announced a new share buyback, raised its dividend 16% on higher full-year earnings, and set out new financial targets for 2024-26.

Chord shareholders would control about two-thirds of the combined company, while Enerplus holders would control the remainder.

The electric-vehicle maker signaled flat production for 2024, falling short of Wall Street forecasts.

China’s reported ban on the net sales of equities during market opens and closes theoretically makes it easier to prop up reeling stocks, in part by hamstringing quantitative traders at critical parts of the trading day.

Lloyds Banking launched a $2.5 billion share buyback after its profits rose in the fourth quarter despite lower income and a higher provision.

Knorr-Bremse shares were up almost 7% after it reported better-than-expected results and issued guidance ahead of consensus forecasts.

Batteries that store heat can replace fossil fuels for steelmaking and other industrial processes.

Telefonica reported better-than-expected underlying profits and revenue for the fourth quarter and forecast growth of 1%-2% this year.

AT&T said it restored wireless service after reports of problems with calls and texting in metro areas including Houston, Chicago, Miami and New York City.