Technology Report: Yahoo to spin off Alibaba stake, bowing to pressure

	Click to View in Browser 01/27/2015 Yahoo to spin off Alibaba stake, bowing to pressure SAN FRANCISCO (Reuters) - Yahoo Inc unveiled a plan for a tax-free spin-off of its 15 percent stake in China's Alibaba Group Holding Ltd, responding to pressure to distribute to shareholders its prized investment valued at roughly $40 billion. Apple sells record 74.5 million iPhones in quarter, revenue beats (Reuters) - Apple Inc posted a far better-than-expected 29.5 percent jump in quarterly revenue, driven by record sales of iPhone 6 and 6 Plus smartphones in the holiday shopping season. AT&T fourth-quarter revenue rises SAN FRANCISCO (Reuters) - AT&T Inc on Tuesday reported higher quarterly revenue, slightly above Wall Street forecasts. VMware fourth quarter revenue rises 15 percent (Reuters) - Virtualization software maker VMware Inc reported a 14.8 percent rise in quarterly revenue on strong demand for its products that help cut the cost of moving data to the cloud. Apple takes top spot in Chinese smartphone market - data firm (Reuters) - Apple Inc has shipped the most number of smartphones in China in the fourth quarter, overtaking Samsung Electronics Co Ltd and homegrown companies such as Xiaomi [XTC.UL] for the first time, according to data firm Canalys. Facebook takes blame for service outages, which hit wider Web FRANKFURT (Reuters) - Access to Facebook , the world's largest social network, and its Instagram photo-sharing site, were blocked around the world for up to an hour on Tuesday, which the company said later was due to an internal fault and not an outside attack. Sony to cut 1,000 jobs in smartphone business: Nikkei (Reuters) - Sony Corp plans to cut another 1,000 jobs in its smartphone division, mainly in Europe and China, the Nikkei business daily reported. Snapchat adds news, entertainment content to messaging service SAN FRANCISCO (Reuters) - Snapchat has partnered with CNN, ESPN and nine other media companies to feature videos and articles on its mobile messaging service, a move that heightens the competition with social networks such as Facebook Inc and Twitter Inc. Uber says ride services reduce drunk driving SAN FRANCISCO (Reuters) - Uber, a ride service facing legal challenges around the world, on Tuesday released a survey showing that people are less likely to drive home after drinking alcohol after such businesses started operating in their cities. How these energy geeks are re-imagining an old school utility Orange County, Ca (Reuters) - Welcome to the utility industry's future - or at least that's what Southern California Edison is hoping. Related Video Chinese study shows monkeys can be taught to recognise themselves Hector the robot mimics a giant stick insect Mediafile A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend