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 the voices of tens of thousands of New Yorkers," said Josh Meltzer, Airbnb's head of public policy in New York.
Telecom giant AT&T is in advanced talks to acquire entertainment group Time Warner to add in-house content to distribution services, a banking source familiar with the negotiations said Friday. A deal possibly worth more than $90 billion could be announced as soon as Monday, the source told AFP, confirming a report in The Wall Street Journal. AT&T is the second-largest US wireless carrier and third-largest cable TV provider in the United States, while Time Warner controls a valuable stable of entertainment content suppliers, including Warner Bros. film and TV studios, the HBO television production group, cable news giant CNN, and the TNT and TBS cable channels.