Reuters Technology Report: January 31, 2017

Click to View in Browser Tuesday, January 31, 2017 Tech companies to meet on legal challenge to Trump immigration order SAN FRANCISCO (Reuters) - A group of technology companies plans to meet on Tuesday to discuss filing an amicus brief in support of a lawsuit challenging U.S. President Donald Trump's order restricting immigration from seven Muslim-majority countries, said a spokesperson for a company organizing the gathering. Nintendo returns to quarterly operating profit but cuts full-year outlook OSAKA (Reuters) - Japanese videogames maker Nintendo Co Ltd on Tuesday said revenue from its nascent mobile gaming division helped it book its first profit in four quarters, but blunted the announcement with a one-third cut to its full-year outlook. SoftBank considers investment of over $1 billion in WeWork - WSJ (Reuters) - SoftBank Group Corp is considering an investment of more than $1 billion in office-space sharing start-up WeWork, the Wall Street Journal reported, citing people familiar with the matter. Canon sees first profit gain in three years after medical unit acquisition TOKYO (Reuters) - Japanese camera and printer maker Canon Inc forecast full-year operating profit to climb 11.4 percent, its first rise in three years, bolstered by earnings from a medical equipment unit it bought from Toshiba Corp last year. Ocado says will deliver delayed overseas deal LONDON (Reuters) - British online supermarket Ocado said it was increasingly confident that it would deliver an overseas technology deal first targeted before the end of 2015. Sony takes $1 billion writedown on its movie business TOKYO (Reuters) - Sony Corp will write down the value of its movie business by nearly 112.1 billion yen ($976 million) in the third quarter, blaming weaker film profits as online streaming services sap demand for movie DVDs. Canon unlikely to help Toshiba with investment in memory chip business TOKYO (Reuters) - Japan's Canon Inc said would be difficult to invest in Toshiba Corp's memory chip business, dousing hopes that the struggling conglomerate could count on its business partner for help as it scrambles for funds to offset a multi-billion dollar writedown. Canada's Wealthsimple takes on crowded U.S. robo-adviser market TORONTO (Reuters) - Wealthsimple, a Canadian-based robo-adviser startup, announced a C$20 million ($15.25 million) investment from Power Financial Corp, and formally launched in the United States on Tuesday, as it looks to compete in a crowded American market dominated by big investment firms. EU's digital chief underlines public demand to end mobile roaming charges BRUSSELS (Reuters) - The European Union's digital chief has said that failure to solve the last remaining barrier to abolishing mobile roaming charges across the bloc in June would lead people to question its ability to deliver on promises. Trust banks plan to sue Toshiba over 2015 accounting scandal TOKYO (Reuters) - Japanese trust banks are preparing to sue Toshiba Corp over its 2015 accounting scandal, a fresh headache for the conglomerate as it scrambles to offset a separate imminent multi-billion dollar writedown. Related Video 'Pac-Man' arcade game pioneer Masaya Nakamura dies Apple shares gain on hype for next iPhone 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