Media and entertainment industry

March 22, 2019 - 7:29 pm

Digital scrapbooking site Pinterest files for IPO

SAN FRANCISCO (AP) — Digital scrapbooking site Pinterest on Friday filed for an initial public offering of stock. It follows a similar filing with securities regulators earlier this month by ride-hailing company Lyft in what is shaping up to be a busy season for technology IPOs. Also expected to...
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March 21, 2019 - 1:14 pm

Facebook says it stored millions of passwords in plain text

SAN FRANCISCO (AP) — Facebook said Thursday that it stored millions of its users' passwords in plain text for years. The acknowledgement from the social media giant came after a security researcher posted about the issue online. "Security rule 101 dictates that under no circumstances passwords...
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FIEL - In this April 3, 2017, file photo, Los Angeles Angels' Mike Trout celebrates after hitting a two-run home run off Oakland Athletics' Kendall Graveman in the third inning of a baseball game in Oakland, Calif. A person familiar with the negotiations tells The Associated Press Tuesday, March 19, 2019, that Trout and the Angels are close to finalizing a record $432 million, 12-year contract that would shatter the record for the largest deal in North American sports history. (AP Photo/Ben Margot, File)
March 21, 2019 - 10:14 am

Trout, Angels finalize record $426.5 million, 12-year deal

ANAHEIM, Calif. (AP) — Mike Trout and the Los Angeles Angels announced their $426.5 million, 12-year contract on Wednesday night, a record deal that ties baseball's top player to the Orange County club for what likely will be the rest of his career. Trout gets a $20 million signing bonus payable...
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FILE - In this Sept. 10, 2017, file photo, Los Angeles Angels' Mike Trout is greeted in the dugout after hitting a solo home run in the first inning of a baseball game against the Seattle Mariners in Seattle. A person familiar with the negotiations tells The Associated Press Tuesday, March 19, 2019, that Trout and the Angels are close to finalizing a record $432 million, 12-year contract that would shatter the record for the largest deal in North American sports history. (AP Photo/Ted S. Warren, File)
March 20, 2019 - 4:02 am

AP source: Trout, Angels close to record $432M, 12-year deal

Mike Trout is about to cash in. Big time. Trout and the Los Angeles Angels are close to finalizing a $432 million, 12-year contract that would shatter the record for the largest deal in North American sports history, a person familiar with the negotiations told The Associated Press. The deal was...
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Los Angeles Clippers head coach Doc Rivers is escorted off the court after being ejected from an NBA basketball game against the Chicago Bulls Friday, March 15, 2019, in Los Angeles. (AP Photo/Marcio Jose Sanchez)
March 19, 2019 - 9:58 pm

Doc Rivers denies Lakers coaching rumors

LOS ANGELES (AP) — Doc Rivers denied rumors on Tuesday night that he's interested in leaving the Los Angeles Clippers to coach the Lakers. The LeBron James-led Lakers are 31-39 under coach Luke Walton, whose job status is widely believed to be in jeopardy. Fueling the speculation involving Rivers...
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March 19, 2019 - 4:34 pm

Patriots owner Kraft offered plea deal in prostitution case

FORT LAUDERDALE, Fla. (AP) — Florida prosecutors have offered a plea deal to New England Patriots owner Robert Kraft and other men charged with paying for illicit sex at a massage parlor. The Palm Beach State Attorney confirmed Tuesday it has offered Kraft and 24 other men charged with soliciting...
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Los Angeles Angels' Mike Trout connects on a three-run home run against the Chicago Cubs in the third inning of a spring training baseball game Tuesday, March 5, 2019, in Tempe, Ariz. (AP Photo/Elaine Thompson)
March 19, 2019 - 2:33 pm

AP source: Trout, Angels close to record $432M, 12-year deal

A person familiar with the negotiations tells The Associated Press that Mike Trout and the Los Angeles Angels are close to finalizing a $432 million, 12-year contract that would shatter the record for the largest deal in North American sports history. The deal was disclosed Tuesday by a person...
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March 19, 2019 - 2:24 pm

Google to launch video-game streaming platform Stadia

NEW YORK (AP) — Google says it plans to launch a video-game streaming platform called Stadia, positioning itself to take on the traditional video-game business. The platform lets gamers playing Stadia jump across devices operating on Google's Chrome browser and Chrome OS, such as Pixel phones and...
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FILE- In this April 10, 2018, file photo Facebook CEO Mark Zuckerberg adjusts his tie as he arrives to testify before a joint hearing of the Commerce and Judiciary Committees on Capitol Hill in Washington. Earlier this month Zuckerberg announced a new “privacy-focused vision” for the company to focus on messaging instead of more public sharing, but he stayed mum on overhauling Facebook’s privacy practices in its core business. (AP Photo/Carolyn Kaster, File)
March 19, 2019 - 2:22 pm

Facebook settles suits over ad-targeting discrimination

SAN FRANCISCO (AP) — Facebook settled five lawsuits alleging that its advertising systems enabled discrimination in housing , credit and employment ads. For the social network, that's one major legal problem down, several to go, including government investigations in the U.S. and Europe over its...
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FILE - In this Sept. 13, 2018, file photo Jeff Bezos, Amazon founder and CEO, speaks at The Economic Club of Washington's Milestone Celebration in Washington. The Wall Street Journal reports that the National Enquirer's publisher paid $200,000 to obtain intimate texts between Amazon CEO Jeff Bezos and his mistress Lauren Sanchez. American Media Inc., the supermarket tabloid's publisher, reportedly paid that sum to Michael Sanchez, Lauren's brother. (AP Photo/Cliff Owen, File)
March 19, 2019 - 1:27 am

Report: National Enquirer paid $200K for private Bezos texts

SAN FRANCISCO (AP) — The Wall Street Journal reports that the National Enquirer's publisher paid $200,000 to obtain intimate texts between Amazon CEO Jeff Bezos and his mistress Lauren Sanchez. American Media Inc., the supermarket tabloid's publisher, reportedly paid that sum to Michael Sanchez,...
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