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Nintendo, the Japanese company behind Super Mario and Pokemon video games, reported Thursday that its fiscal first half profit more than tripled as passed time while stuck at home during the pandemic playing games.Kyoto-based Nintendo Co.’s profit for the six months through September soared to 213 billion yen ( billion), up from 62 billion yen a year ago. Six-month sales soared to 769 billion yen (.4 billion) from 444 billion yen.Nintendo said more than 5 million units of “Super Mario 3D All-Stars” game software for the Nintendo Switch were sold during the period, and nearly 3 million units of “Paper Mario: The Origami King” were sold.Earlier releases also continued to sell briskly, including “Animal Crossing: New Horizons,” which has now sold a cumulative 26 million units globally, according to Nintendo.Nintendo’s online downloads and mobile sales also did well, it said.Nintendo said it expects the positive results to continue. The latest in its other hit game lineup, such as “Pikmin 3 Deluxe,” will go on sale this year, it said.Nintendo raised its full year profit forecast through March to 300 billion yen (.9 billion), up from an earlier projection of a 200 billion yen (.9 billion) profit. The latest forecast, if realized, would mark a 16% improvement from 259 billion yen in profit recorded in the previous fiscal year.Although rising COVID-19 cases have hurt large chunks of the global economy, including Japan’s, some sectors, such as online retailing and at-home entertainment, are booming.___Yuri Kageyama is on Twitter https://twitter.com/yurikageyama 1595
NEW YORK (AP) — The head of the U.S. communications regulator said T-Mobile's nationwide, hours-long outage Monday was "unacceptable" and that the Federal Communications Commission will investigate. The FCC has fined telecom companies in the past for network outages. RELATED: Major wireless carriers experiencing outages throughout U.S.T-Mobile, one of the country's three largest wireless service providers, said it had a "voice and text issue" that began around noon EDT Monday. T-Mobile's President of Technology Neville Ray tweeted that everything was restored."Voice and text services are now restored," T-Mobile Neville Ray tweeted. "Thank you for your patience as we fixed the issues. We sincerely apologize for any and all inconveniences." 756
NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000
North Wind Heating and Air is a local family-run business proudly serving Macomb County for 28 years. Lisa Agostino signed a work order approving both a service call and repairs to her a/c unit. The part was installed that same day. After the part was installed she reached out to North Wind stating that she no longer agreed with the price of the replaced part. Ms. Agostino was offered a solution to the dispute. She agreed that the part would be returned to North Wind. In turn Ms. Agostino would not be charged. This is what occurred. Ms. Agostino has not been charged for the service call or the replacement part.Days later Ms. Agostino posted false statements about North Wind on-line. She represents that she paid for the service call and replacement part, which she did not. These statements significantly effected North Wind's business. North Wind is a small local business. Ms. Agostino's false and defamatory statements have not only effected the North Wind's business, but has had a direct negative effect on its ability to offer full time hours to its employees.Prior to filing the lawsuit North Wind reached out to Ms. Agostino requesting the removal of the false statements. She refused. North Wind is simply seeking the removal of these false on-line statements.North Wind will continue to proudly serve its customers. 1342
NEW YORK (AP) — Police have made an arrest in a mystery that's been stopping New Yorkers in their tracks for months: a wave of subway trains grinding to a halt because someone pulled the emergency brake.Isaiah Thompson, 23, of Brooklyn, was arrested late Thursday after police publicized video of a man they say pulled the emergency brake on a train in Manhattan during the Tuesday evening rush hour.Thompson was awaiting arraignment Friday on charges related to the Tuesday incident. He's also accused of committing a lewd act in the subway.Police are investigating whether he's behind about 40 other brake-pulling incidents that have cascaded into hundreds of delayed trains — and thousands of frustrated commuters — since February. Police on Thursday released images and video of a man they say rode on the outside of a car for several stops before entering the car and pulling its emergency brake and fleeing.Chief Edward Delatorre, of the NYPD's transit division, said police believe Thompson is responsible for "several incidents where he endangered subway riders (and) disrupted passenger train service."Thompson's record includes more than a dozen arrests, mostly for subway-related incidents. Police say he's claimed to get a thrill out of "subway surfing" and enjoys causing havoc in the transit system.It wasn't clear if Thompson had a lawyer who could comment on his behalf.Police believe someone has been using a key to get into an unoccupied motorman car and then engage the emergency brake."Let this be a reminder that anyone who intentionally disrupts the subway, endangering our employees and customers, will be sought by the police and caught," Transit Authority President Andy Byford said in a statement Friday.Byford said whoever is responsible for the series of brake-pulling incidents "should face a lengthy prison term and the strictest possible penalties." He's been pushing to ban people who repeatedly commit offenses in the subway.The video of Tuesday's incident involved a man police say rode on the outside of a northbound 2 train for several stops before entering the car, pulling its emergency brake and fleeing.The man was wearing a Nike T-shirt with the slogan: "Swag Don't Come Cheap." 2227