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A view of the Ubisoft Entertainment logo on a panel during a news conference at the company's headquarters in Saint-Mande, near Paris, France, September 8, 2022.

Video game maker Ubisoft swings to full-year operating profit on record bookings

Gaelle Sheehan |Updated 16 minutes ago |2 min read

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 logo is seen in this illustration taken March 31, 2023.

Anthropic taps Instagram co-founder as product chief

Reuters |Updated 16 minutes ago |2 min read

(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 ...

Malcolm Bricklin, in Florida where he lives, stands between his new vehicle, the 3EV, left, and the original Bricklin SV-1. - CONTRIBUTED

Move over Tesla, the man who made the Bricklin is back — with an EV

Joe O'Connor, POSTMEDIA |Updated 52 minutes ago |11 min read Premium content

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, ...

SaltWire

Column-China tariffs could boost Fed rate cut case: McGeever

Jamie McGeever |Updated 59 minutes ago |4 min read

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 ...

The logo of Uber is seen at a temporary showroom at the Promenade road during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 20, 2023.

Lawsuit claiming Uber hid Dutch tax haven is dismissed by US judge

Jonathan Stempel |Updated 59 minutes ago |2 min read

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 signage is posted at Los Angeles International Airport (LAX) in Los Angeles, California, U.S. July 10, 2022.

Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users

Arsheeya Bajwa, Yuvraj Malik |Updated just now |2 min read

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 ...

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018.

US crude stocks, gasoline and distillate inventories fall, EIA says

Reuters |Updated 9 minutes ago |1 min read

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 ...

A Volaris aeroplane prepares to land on the airstrip at Benito Juarez international airport in Mexico City, Mexico, June 27, 2017.

US fines Volaris $300,000 for violating tarmac delay rules

Reuters |Updated 1 hour ago |1 min read

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 ...

SaltWire

Data platform firm WekaIO notches $1.6 billion valuation after lastest funding round

Reuters |Updated 6 minutes ago |1 min read

(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

Reuters |Updated 1 hour ago |2 min read

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 ...

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