BlackBerry lifts annual revenue forecast on strength in automotive software business

BlackBerry lifts annual revenue forecast on strength in automotive software business

By Prathik Jayaprakash and Harshita Mary Varghese Sept 24 (Reuters) – BlackBerry raised its full-year revenue forecast on Thursday after its QNX software business reported record quarterly revenue, driven by growth in automotive and new design wins. Shares of the Toronto-based company, however, slipped about 3% after an in-line third-quarter forecast. They have more than […]

Wendy’s says it terminated Michigan franchisee before bankruptcy. What’s at stake

Wendy’s says it terminated Michigan franchisee before bankruptcy. What’s at stake

Wendy’s says nearly 60 restaurants across the Lower Peninsula of Michigan shouldn’t be allowed to use the company’s logos, branding and other intellectual property because the company terminated franchise agreements with a Grand Rapids operator before it declared bankruptcy. Meritage Hospitality Group Inc., one of the nation’s largest restaurant operators, on Friday, Sept. 17, announced […]

Paramount settles with US states in big step towards closing Warner Bros merger, source says

Paramount settles with US states in big step towards closing Warner Bros merger, source says

By Jody Godoy and Deborah Mary Sophia Sept 21 (Reuters) – Paramount Skydance has settled with California and 11 other states that sued to block its $110 billion acquisition of Warner Bros Discovery, a source familiar with the matter said on Monday, clearing one of the last big hurdles to closing a deal that would […]

The Marriage Deficit Is an Economic Catastrophe

The Marriage Deficit Is an Economic Catastrophe

The Beatles told us: “All you need is love.” They were right, but along with love must come marriage. But marriage rates have plummeted, especially among young men. A Pulitzer Prize-worthy story by Sean Salai of The Washington Times crunches all the numbers. To say they are worrisome would be a vast understatement. – In […]

US Senate Republicans release new crypto bill text ahead of critical vote

US Senate Republicans release new crypto bill text ahead of critical vote

By Doina Chiacu and Michelle Price WASHINGTON, Sept 14 (Reuters) – U.S. Senate Republicans on Monday released a revised draft of major cryptocurrency legislation which they said addressed Democrats’ concerns over ethics provisions, as well as banking industry concerns that the bill could hurt lending, ahead of a key vote on Tuesday. The Clarity Act, […]

Global AI stocks fall as industry chiefs call for slowing development

Global AI stocks fall as industry chiefs call for slowing development

By Johann M Cherian and Gregor Stuart Hunter Sept 14 (Reuters) – AI-linked stocks plunged worldwide on Monday after leaders of the biggest artificial intelligence companies warned of risks from rapid development, the starkest threat yet to the billions of dollars being poured into the industry that have driven world markets to record highs. The […]