SAN FRANCISCO/BERLIN (Reuters) - Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning. "Throughout the country, people representing cities have called me to ask what's going on with the litigation," he said.
AT&T, which sells wireless phone and broadband services, has already made moves to turn itself into a media powerhouse, buying satellite TV provider DirecTV last year for $48.5 billion. AT&T will pay $110 per Time Warner share, or about $85 billion overall, sources told Reuters. Time Warner's shares rose almost 8 percent in regular trading, and a further 4.5 percent after hours, to $93.25, giving it a market value of about $73 billion.
NEW YORK (AP) — When her 6-year-old son was late getting home from school, his mother called a classmate's mom and got the news that would launch one of the nation's most infamous missing-child cases.