10:02 AM EST, 03/05/2024 (MT Newswires) -- Twilio ( TWLO ) said Tuesday that an operational review of its Segment business concluded that retaining it and making it profitable represents the best opportunity to enhance value. The company said a sale of the business was among the alternatives looked into during the review that was conducted in consideration of Segment's...

WINNIPEG, Manitoba, March 5 (Reuters) - Cenovus Energy ( CVE ) , Canada's third-largest oil producer, said on Tuesday it plans to boost energy production by 19% during the next five years as the country's pipeline capacity expands. Canada's heavy oil sells at a discount to the North American benchmark in part because of limited export pipeline capacity. Expansion of...

March 5 (Reuters) - IO Research, an artificial intelligence (AI)-focused blockchain startup, said on Tuesday it raised $30 million in a Series A funding round from investors including Hack VC, Solana Labs, and cryptocurrency exchange OKX. IO Research's primary product, io.net, is a blockchain-based network that allows users with unused graphics processing units (GPU) capacity to provide computing power to...

March 5 (Reuters) - Cadence Design Systems ( CDNS ) will buy BETA CAE Systems International AG, which makes software for analyzing car and jet engine designs, for $1.24 billion in cash and stock, Cadence said on Tuesday. Cadence will pay about $744 million in cash and the rest in stock. The San Jose, California-based company said it will take...