Reuters Technology Report: February 2, 2017

Click to View in Browser Thursday, February 2, 2017 Sony rules out pictures biz sale, committed to turnaround TOKYO (Reuters) - Sony Corp on Thursday said it does not plan to sell its pictures business after suffering a $1 billion writedown, and instead aims to turn it around by adding sales channels and making more use of movie characters. Exclusive: Snap's secrecy frustrates banks' pursuit of IPO glory (Reuters) - Some investment banks seeking to be added as underwriters to Snapchat owner Snap Inc's initial public offering registration document have been denied access to review it before it is made public this week, according to people familiar with the matter. Samsung Electronics may build U.S. plant for home appliances: source SEOUL (Reuters) - Samsung Electronics Co Ltd may build a U.S. plant for its home appliances business, a person familiar with the matter said, the latest global firm to consider a response to criticism about imports from new U.S. President Donald Trump. Panasonic says its avionics business being probed by U.S. authorities TOKYO (Reuters) - Panasonic Corp said on Thursday its avionics unit is being investigated by U.S. authorities under the Foreign Corrupt Practices Act (FCPA) and that it had replaced the long-time head of the business. EU antitrust regulators to investigate group of online companies BRUSSELS (Reuters) - EU antitrust regulators opened on Thursday three investigations into a group of consumer electronics makers including Philips, six video game companies, Thomas Cook and three other tour operators on suspicion of blocking online cross-border sales. Nokia beats market expectations, sees network market improving HELSINKI (Reuters) - Finnish network equipment maker Nokia reported its quarterly profits fell less than expected, helped by cost cuts and the acquisition of Alcatel-Lucent, and said the tough global market was starting to stabilize. Autos to fuel Infineon profit growth in 2017 FRANKFURT (Reuters) - Demand for chips for cars, especially in China, will lift Infineon's profit in 2017, the German chipmaker said, sticking to its forecast for revenue growth and profit margin. Fingerprint Cards fourth-quarter profit lags expectations, sees weak first-quarter revenue STOCKHOLM (Reuters) - Swedish biometric firm Fingerprint Cards (FPC) on Thursday maintained its revenue guidance for 2017 as it reported a fourth-quarter operating profit below market expectations and expected weak first-quarter revenue. Facebook eases past Wall Street estimates, sees spending up in 2017 (Reuters) - Facebook Inc cruised past Wall Street's earnings and revenue expectations on Wednesday with strong growth in its mobile ad business, demonstrating that controversy over so-called "fake news" and inaccurate advertising measurements had little impact on its financial performance. Tesla drops 'Motors' from name as CEO Musk looks beyond cars (Reuters) - Tesla Motors Inc changed its name to "Tesla Inc" as Chief Executive Elon Musk looks to transform the Silicon Valley firm from an electric car maker to a diversified energy products company. Related Video Dragonfish's flexible head joint an "evolutionary novelty" Computer reads paralyzed patients' thoughts 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 2017 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