Nintendo smashes Switch sales view; says Animal Crossing is device’s fastest-selling game

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TOKYO (Reuters) – Japan’s Nintendo Co Ltd said on Thursday its fourth-quarter profit soared 200% due to surging demand for its Switch games console, and that title Animal Crossing: New Horizons shifted a record 13.4 million units in its first six weeks.

FILE PHOTO: A Nintendo Switch game console is pictured at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 29, 2019. REUTERS/Benoit Tessier

The Kyoto-based gaming company posted operating profit of 89.4 billion yen for January-March, Reuters’ calculations showed based on annual figures, smashing analyst estimates.

Nintendo has defied scepticism over its

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GM ignition switch settlement with vehicle owners wins U.S. court approval

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FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio

NEW YORK (Reuters) – General Motors Co (GM.N) on Thursday won preliminary U.S. court approval of a $120 million settlement with owners who said defective ignition switches caused their vehicles to lose value.

U.S. District Judge Jesse Furman in Manhattan granted approval at a hearing conducted by phone.

The accord would resolve the last major piece of litigation over GM ignition switches linked to vehicle stalls and air bags that failed to deploy, as well

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