US Business

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.

The cuts follow a failed effort by owner Fortress to sell embattled digital publisher and its brands.

The company, which first filed confidentially for an IPO in late 2021, didn’t detail how many shares it would issue, or the price of each share.

Nestlé reported full-year earnings and sales that were just shy of expectations, and cautioned that sales growth will moderate this year as higher prices push shoppers to ease spending.

The world’s largest PC maker said it expects the global PC sector to recover to a level structurally higher than in the prepandemic period.

WPP’s full-year core profit slightly missed expectations and the advertising group guided for like-for-like revenue growth in 2024 of 0% to 1%, adding that it was confident of delivering accelerated and increasingly profitable growth over the medium term.