Reuters Technology Report: May 11, 2017

Click to View in Browser Thursday, May 11, 2017 Snap shares plummet as investors mark down first earnings report (Reuters) - Snap Inc shares plunged on Wednesday after the owner of Snapchat reported slowing user growth and revenue in its first earnings report as a public company, missing some Wall Street estimates as it competes with copycat messaging apps. Uber deemed transport service by EU top court adviser LUXEMBOURG/BRUSSELS (Reuters) - Uber provides a transport service and must be licensed, an adviser to the European Union's top court said on Thursday, in a potential blow to the U.S. firm which says it is merely a digital enabler. Samsung Electronics names new mobile marketing chief in delayed reshuffle SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd on Thursday named a new head of mobile marketing and a new China chief as part of an executive reshuffle designed to prevent a "decline" in momentum following the arrest of its vice chairman. China's tech money heads for Israel as U.S. welcome wanes HONG KONG/TEL AVIV (Reuters) - Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel. Uber says to partner with taxis in Myanmar expansion drive YANGON (Reuters) - Uber Technologies Inc [UBER.UL] is only hiring government-accredited taxi drivers in Myanmar, a regional executive said, a move that allows it to avoid the legal hurdles that have dogged it across Asia in one of the region's last frontier markets. Apple supplier AAC Technologies denies allegations of 'dubious accounting' HONG KONG (Reuters) - China's AAC Technologies on Thursday denied accusations of "dubious accounting" practices from short-seller Gotham City Research that sent shares in the Apple Inc supplier sharply lower. India's Snapdeal founders, Nexus reach deal with SoftBank for sale to Flipkart: TV (Reuters) - Founders of Indian online marketplace Snapdeal and one of its early investors, Nexus, have reached an agreement with SoftBank Group that would allow the Japanese firm to move ahead with its plan to sell Snapdeal to bigger rival Flipkart, ET Now reported, citing sources. Nvidia says Toyota will use its AI technology for self-driving cars SAN JOSE (Reuters) - Nvidia Corp announced a partnership with Toyota Motor Corp on Wednesday, saying the Japanese car maker would use Nvidia's artificial intelligence technology to develop self-driving vehicle systems planned for the next few years. Amazon trounces rivals in battle of the shopping 'bots' SAN FRANCISCO (Reuters) - Earlier this year, engineers at Wal-Mart Stores Inc who track rivals' prices online got a rude surprise: the technology they were using to check Amazon.com several million times a day suddenly stopped working. Panasonic expects auto focus to boost annual profit by 21 percent TOKYO (Reuters) - Panasonic Corp said on Thursday it expects operating profit to rise by one-fifth year-on-year this financial year as investments in advanced automotive parts begin to pay off. Related Video Oh Snap! Shares plummet as user growth slows Fluorescent sorting could light up recycling rates 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