Business
Video game maker Ubisoft swings to full-year operating profit on record bookings
By Gaelle Sheehan (Reuters) - French video games group Ubisoft swung to an operating profit for its full-year to end-March, it said on Wednesday, as record bookings helped it reverse a year earlier loss of 500 million euros, its biggest ever. ...
Anthropic taps Instagram co-founder as product chief
(Reuters) - Artificial intelligence startup Anthropic has appointed Instagram co-founder Mike Krieger as its chief product officer, the company said on Wednesday, it looks to spruce up its AI offerings and get ahead of rivals. Krieger will ...
Move over Tesla, the man who made the Bricklin is back — with an EV
Malcolm Bricklin hates lying in bed. He’s 85, and he can feel the life “draining right out of him” when he’s stretched out on a mattress. Instead, he gets up with the birds, gets dressed and gets out of the door ASAP, then climbs into a cherry-red, ...
Column-China tariffs could boost Fed rate cut case: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - Escalation of the U.S.-China trade war seems unavoidable whoever wins the White House in November, but the equally inevitable inflationary pressures that brings won't automatically steer the Federal ...
Lawsuit claiming Uber hid Dutch tax haven is dismissed by US judge
By Jonathan Stempel (Reuters) - A U.S. judge has dismissed a proposed class action lawsuit accusing Uber Technologies of defrauding shareholders by concealing its use of its Netherlands subsidiary as a tax haven. The case stemmed from the July ...
Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users
By Yuvraj Malik and Arsheeya Bajwa (Reuters) - Uber Technologies is introducing a shuttle service in the U.S. and widening a delivery tie-up with membership-only retailer Costco as part of a series of initiatives unveiled on Wednesday to attract ...
US crude stocks, gasoline and distillate inventories fall, EIA says
DENVER (Reuters) - U.S. crude stocks, gasoline and distillate inventories fell in the week ending May 10, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2.5 million barrels to 457 million barrels in the ...
US fines Volaris $300,000 for violating tarmac delay rules
WASHINGTON (Reuters) - The U.S. Transportation Department said Wednesday it had fined Mexican carrier Volaris Airlines $300,000 for violating federal law on airport tarmac delays. Federal law and government regulations prohibit tarmac delays of ...
Data platform firm WekaIO notches $1.6 billion valuation after lastest funding round
(Reuters) - Data platform company WekaIO notched a valuation of $1.6 billion in a round led by Valor Equity Partners as a funding winter, especially for tech startups focused on artificial intelligence, is easing. The company said on Wednesday ...
US business inventories fall in March
WASHINGTON (Reuters) - U.S. business inventories fell in March, but this could lay the ground for businesses to rebuild stocks and support economic growth in the second quarter. Inventories dipped 0.1% after increasing 0.3% in February, the ...
More Business Stories
US raises concerns to Chinese officials about AI misuse
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Veon teams up with partners to bridge online 'AI language gap'
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
Exclusive-Bank of America banker who died had sought to leave, citing long hours, recruiter says
AI could bring 50 billion euro benefit to Italian companies, Accenture study shows
Petrobras shares plunge as Brazil's Lula swaps CEO
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