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Earnings Report

Profitable Daimler expects heavy spending on new tech

German automaker Daimler AG says its net profit rose 24 percent to a record 10.9 billion euros ($13.5 billion) last year, helped by strong sales of its Mercedes-Benz SUVs and new E-Class luxury sedan.

Nokia Q4 boosted by license fee, 2018 outlook bleak

Nokia has reported better than expected fourth quarter earnings as a result of a one-off license fee from China's Huawei, but said short-term outlook for its core network business remained bleak despite an upward trend in North American sales.