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(MENAFN - AFP) New York state tightened rules Friday on home-sharing services like Airbnb, slapping a steep fine on people who rent their entire, unoccupied apartment for fewer than 30 days.

Airbnb immediately fired back, saying it would sue to keep the law from taking effect.

State officials "rewarded a special interest -- the price-gouging hotel industry -- and ignored ...

(MENAFN - AFP) Megamerger buzz returned to Wall Street Friday as global stocks treaded water, while shares of Time Warner and Reynolds American both surged on news of possible takeover deals.

The takeover talk came as investors mulled the European Central Bank's reticence Thursday about future monetary stimulus moves, with equity markets in Paris and Frankfurt finishing essentially ...

(MENAFN - AFP) Telecom giant AT&T is in advanced talks to acquire entertainment group Time Warner, a banking source familiar with the negotiations said Friday.

A deal possibly worth more than $70 billion could be announced as soon as Monday, the source told AFP, confirming a report in the Wall Street Journal. Time Warner's assets include the networks CNN and HBO.

The ...

(MENAFN - AFP) Successive cyber attacks took large portions of the internet off line on Friday, rendering major companies including Twitter and Netflix inaccessible to millions of users in the United States and elsewhere.

Multiple times in a single day, the attacks incapacitated a crucial piece of internet infrastructure, frustrating or outright blocking access to websites ...

(MENAFN - AFP) A first US showing of rare old Korans opens Saturday in a Washington museum, highlighting a different side of Islam at a time when the religion's image in America has been scarred by a divisive presidential campaign.

More than 60 Korans and Koranic texts, dating from as far back as the late seventh century and considered works of art for their exceptionally ...

(MENAFN - AFP) Megamerger buzz returned to Wall Street Friday on a mixed day for US stocks, with shares of Time Warner and Reynolds American both surging on news of possible takeover deals.

Tobacco giant Reynolds American shot up 13.8 percent after British American Tobacco launched a $47 billion bid to buy the 58 percent of the company it does not yet own.

Time Warner ...

(MENAFN - AFP) Canada's plane and train maker Bombardier said Friday it was cutting 7,500 jobs, its second major layoff announcement this year following delays in deliveries of its C-series airplanes.

The job cuts, to be completed by the end of 2018, are expected to mostly hit administrative posts, with two-thirds from the transport division, a Bombardier spokesman said.

These ...

(MENAFN - AFP) Portugal kept its much-needed access to EU financial help Friday after a European Central Bank-approved credit agency maintained its rating of Portuguese debt at investment grade level.

Toronto-based DBRS announced it had kept Portugal's rating at "BBB" level, with a "stable" perspective.

"The rating reflects Portugal's eurozone membership and its adherence ...

(MENAFN - AFP) US telecom giant AT&T is in "advanced talks" to acquire entertainment group Time Warner in a move to add in-house content to distribution services, The Wall Street Journal reported Friday.

AT&T, the second-largest US wireless carrier and third-largest cable TV provider, could seal the deal "as early as this weekend," the Journal said, citing people ...

(MENAFN - AFP) Major internet services including Twitter, Spotify and Amazon suffered service interruptions and outages on Friday as a US internet provider came under sustained cyber attack.

The internet service company Dyn, which routes and manages internet traffic, said that it had suffered a distributed denial of service (DDoS) attack on its domain name service shortly ...

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