Reuters Technology Report: November 11, 2016

Click to View in Browser Friday, November 11, 2016 Alibaba Singles' Day sales pass 2015 total, but growth rate slows SHENZHEN, China (Reuters) - Alibaba Group Holding Ltd's Singles' Day sales surged past last year's 91.2 billion yuan ($13.36 billion) total with nearly nine hours left on the clock, but growth was markedly slower than in 2015 as shoppers sought even bigger price cuts. Tech stocks drop as Wall Street focuses on Trump stimulus SAN FRANCISCO (Reuters) - Shares of Amazon.com Inc , Alphabet Inc and other technology companies sank on Thursday as Wall Street sold them to pay for infrastructure names that could benefit from potential economic stimulus spending by U.S. President-elect Donald Trump. Judge orders Amazon refunds for children's in-app purchases (Reuters) - A federal judge on Thursday directed Amazon.com Inc to set up a year-long process to reimburse parents whose children made in-app purchases without permission, but rejected a U.S. regulator's request for a $26.5 million lump-sum payout. Financial firms seek RegTech to cut regulatory chores, fight crime HONG KONG (Reuters) - Financial services firms are increasingly turning to digital technology to meet onerous regulatory demands aimed at fighting financial fraud, creating a niche tech market that is estimated to grow to around $120 billion by 2020. Japan Display in talks for $704 million bailout from INCJ: WSJ (Reuters) - Japan Display Inc is in advanced talks to receive a bailout amount of about 75 billion yen ($704.49 million) from Innovation Network Corp of Japan (INCJ), a government-backed fund and the display maker's largest shareholder, the Wall Street Journal reported on Thursday. Hyperloop One preparing new funding round LISBON (Reuters) - The Nov 10 2016 story was refiled to correct paragraph four to read "...including $50 million last month in a financing round led by Dubai port operator DP World..." instead of "...including $50 million last month from Dubai port operator DP World..." Toshiba returns to second quarter operating profit on strong memory chip sales TOKYO (Reuters) - Japanese conglomerate Toshiba Corp swung to an operating profit in the July-September quarter, driven by strong demand for NAND flash memory chips from Chinese smartphone makers. Nvidia posts biggest quarterly revenue growth in six years; shares soar (Reuters) - Nvidia Corp reported its biggest quarterly revenue growth in more than six years as demand soared for its gaming chips used in personal computers. Google lawyer says Android helps rather than harms competition BRUSSELS (Reuters) - Google's Android mobile operating system boosts competition rather than hurts it, the company's general counsel said on Thursday, in a rebuttal of EU antitrust charges that it uses the platform to crush rivals. Loeb's Third Point takes share stake in Apple, Visa and Dell NEW YORK (Reuters) - Dan Loeb's Third Point hedge fund took a new share stake in Apple Inc, Visa Inc and Dell Technologies Inc during the third quarter, according to regulatory filings late on Thursday. Related Video Scientists edit genome to cure sickle cell anemia Robot dinosaurs unveiled in Japan Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2016 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook