Reuters Technology Report: February 3, 2017

Click to View in Browser Friday, February 3, 2017 Snap shoots for the sky, promises little in $3 billion IPO pitch (Reuters) - Snapchat owner Snap Inc shot the opening salvo in its $3 billion initial public offering on Thursday, outlining aggressive expansion plans but offering new investors no say on how the company is run and no promise of profits. Uber CEO quits Trump's business advisory group SAN FRANCISCO/WASHINGTON (Reuters) - Uber Technologies Inc Chief Executive Officer Travis Kalanick quit President Donald Trump's business advisory group on Thursday amid mounting pressure from activists and employees who oppose the administration's immigration policies. Japan's robotics startup ZMP Inc hopes to list in coming months: CEO TOKYO (Reuters) - Japanese robotics startup ZMP Inc hopes to list on the Tokyo Stock Exchange in the coming months, after a delay late last year due to client information being leaked on to the internet, the firm's founder and CEO told Reuters on Friday. Amazon sees lower operating profit this quarter, shares dip (Reuters) - Amazon.com Inc forecast an unexpected dip in operating profit for the current quarter, sending shares down more than 4 percent due to concerns about the costs of investments including new warehouses and video content. Japan's Sharp swings to profit under Foxconn's watch as costs slashed TOKYO (Reuters) - Sharp Corp lifted its full-year profit guidance after posting its first quarterly net profit in more than two years as the Japanese liquid crystal display (LCD) maker pressed ahead with cost-cutting measures under new owner Foxconn of Taiwan. EnBW, Bosch to cooperate in battery technology FRANKFURT (Reuters) - German utility EnBW on Friday said it would cooperate with car supplier Bosch [ROBG.UL] on the development of batteries for the energy market, highlighting the importance of storage technology across industries. Facebook vulnerable to expected changes in key visa program SAN FRANCISCO/ WASHINGTON (Reuters) - Among Silicon Valley's top tech employers, Facebook Inc could be the most vulnerable to U.S. President Donald Trump's expected crackdown on guest-worker visas, according to a Reuters analysis of U.S. Labor Department filings. Visa's profit, revenue tops estimates on payment volume growth (Reuters) - Visa Inc , the world's largest payments network operator, reported better-than-expected quarterly profit and revenue as more people made payments using its network. GoPro's sales resume growth, but still miss expectations (Reuters) - GoPro Inc's revenue increased less than expected in the holiday quarter and its sales growth forecast for the current-quarter also fell short of expectations, hurt by shrinking demand for the company's body-mounted point-of-view cameras. Microsoft asks for exception program on Trump immigration orders (Reuters) - Microsoft Corp on Thursday said it proposed a program to U.S. President Donald Trump's administration allowing people from seven predominantly Muslim nations to enter and leave the United States on business or family emergency travel if they hold valid work or student visas and have not committed any crimes. Related Video Single-use, contraceptive injection tested in Africa As Trump targets tech visas, Facebook may get hit 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