Reuters - Technology Report

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Tuesday, March 7, 2017

Thai transport authorities crack down on Uber, Grab drivers, seek ban

BANGKOK (Reuters) - Thailand's transport authorities have begun a crackdown on drivers for ride-hailing services Uber and Grab and want the military government to ban them, a transport official said on Tuesday.

Autos bosses focus on technology, play down PSA-Opel impact

GENEVA (Reuters) - The auto industry is facing seismic changes with the rise of electric vehicles, automated driving and car sharing, and adapting to these will eclipse even big mergers such as PSA's purchase of Opel, executives at the Geneva auto show said.

Self-driving bus with no back-up driver nears California street

SAN RAMON, Calif. (Reuters) - A pair of $250,000 autonomous buses began driving around an empty San Francisco Bay Area parking lot on Monday, preparing to move onto a local public road in California's first pilot program for a self-driving vehicle without steering wheel or human operator.

Snap slumps 12 percent, closes at lowest since IPO

SAN FRANCISCO (Reuters) - Shares of Snap Inc slumped 12 percent on Monday and closed at their lowest level of the three sessions since the Snapchat owner's soaring market debut last week.

Facebook suspends location-sharing feature after Italian copyright suit

MILAN/FRANKFURT (Reuters) - Facebook Inc has suspended its location-sharing feature in Italy after a Milan court ruled last year that the social networking giant had violated competition and copyright laws by effectively copying a similar app from a local start-up.

Investor group seeks to bar Snap from indexes over voting rights

BOSTON (Reuters) - A group representing large institutional investors has approached index providers S&P Dow Jones Indices and MSCI Inc, looking to bar Snap Inc and any other company that sells investors non-voting shares from their stock benchmarks.

Goodbye smartphone - Danish MPs leave gadgets at home during Russia trip

COPENHAGEN (Reuters) - Members of the Danish parliament's foreign policy committee have been asked to leave smartphones, tablets and computers at home during a visit to Russia at a time of increased security concerns.

IT services firm stocks dip after govt suspends fast tech visas

SAN FRANCISCO (Reuters) - Technology services company shares dipped on Monday after the Trump administration announced it would temporarily suspend expedited applications for H-1B visas widely used by foreign tech workers.

Electronics retailer hhgregg files for bankruptcy

(Reuters) - Appliances and electronics retailer hhgregg Inc and its Gregg Appliances Inc unit filed for bankruptcy protection on Monday, as they continued to struggle with declining sales for about four years.

Volkswagen to unveil self-driving car as part of post-dieselgate shift

GENEVA (Reuters) - Volkswagen will show off a fully self-driving car at the Geneva auto show, as part of the German carmaker's drive to be at the forefront of new technologies in the wake of its diesel emissions scandal.