Reuters Technology Report: December 9, 2015

Click to View in Browser Wednesday, December 9, 2015 Yahoo reverses course on plan to spin off Alibaba stake SAN FRANCISCO/BENGALURU (Reuters) - Yahoo Inc shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd on Wednesday, under pressure from activist investors worried about billions of dollars in taxes, and said instead it is looking at creating a separate company to hold the rest of its assets. In Australia, banks disrupt Apple with mobile payments power SYDNEY (Reuters) - Apple Inc is struggling to persuade Australia's big banks to sign up for its Apple Pay mobile payment system, people familiar with the matter say, as the technology giant works from an unfamiliar negotiating position: weakness, not strength. U.S. judge expands driver class-action lawsuit against Uber SAN FRANCISCO (Reuters) - Many more Uber drivers in California can participate in a class action against the ride service over their employment status, a U.S. judge ruled on Wednesday, even if they did not opt out of an arbitration clause in their contracts. EU explores whether Google, Yahoo should pay for showing online news snippets BRUSSELS (Reuters) - The European Union is looking into whether services such as Google News and Yahoo News should pay to display snippets of news articles, wading into a bitter debate between the online industry and publishers. Investors hover as e-tailers boost demand for Indian warehouses NEW DELHI (Reuters) - Overseas firms including Dutch pension fund manager APG and U.S. buyout group Warburg Pincus are looking to invest in India's warehouses, hoping to cash in on demand for modern and efficient storage space from booming online retailers. Australian police raid Sydney home of reported bitcoin creator SYDNEY (Reuters) - Australian police raided the Sydney home and office on Wednesday of a man named by Wired magazine as the probable creator of bitcoin and holder of hundreds of millions of dollars worth of the cryptocurrency, Reuters witnesses said. Stakes are high in hunt for bitcoin's 'messiah' SINGAPORE (Reuters) - The stakes are high in the hunt for Satoshi Nakamoto, the person or people behind bitcoin, not just for the journalist who gets it right first, but also for the cryptocurrency itself. Attorney General Lynch chides European decisions to restrict data sharing LONDON (Reuters) - U.S. Attorney General Loretta Lynch warned on Wednesday that a planned European Union data protection law could undermine efforts to thwart terrorist attacks by restricting transatlantic information sharing. Anywhere, anytime: EU to allow travelers to take Netflix abroad BRUSSELS (Reuters) - The European Union wants to allow consumers access to their online subscriptions for services like Netflix, Sky and Canal+ when they travel in the 28-member bloc, setting it up for a battle with media groups. Related Video Japanese artist makes homes for hermit crabs Stringless guitar lets you make music from thin air 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 2015 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