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Yahoo sets Alibaba stake spinoff plan, shares jump

SAN FRANCISCO - Yahoo Inc plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd , responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.

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Linux makers release patch to thwart new 'Ghost' cyber threat

BOSTON - Red Hat Inc and other makers of the widely used Linux operating system for business computers updated their software on Tuesday to thwart a serious new cyber threat they warned could allow hackers to gain remote control of their systems.

Cyber Crime 5:04pm EST

Facebook takes blame for service outages, which hit wider Web

FRANKFURT - 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.

Facebook 6:00am EST

Sony to cut 1,000 jobs in smartphone business: Nikkei

- Sony Corp plans to cut another 1,000 jobs in its smartphone division, mainly in Europe and China, the Nikkei business daily reported.

2:34pm EST

Snapchat adds news, entertainment content to messaging service

SAN FRANCISCO - 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.

2:20pm EST

Traffic app maker Waze rejects criticism by L.A. police chief

LOS ANGELES - Responding to the Los Angeles police chief, who complained that its popular traffic app could be misused by criminals to track officers, a spokeswoman for Waze said on Tuesday that the company worked with law officers to make them safer.

5:11pm EST

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