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New York governor approves new regulations on Airbnb

October 23, 2016 by · Leave a Comment 

(Reuters) – New York Governor Andrew Cuomo approved legislation on Friday that would place new regulations on online home rental companies like Airbnb. Existing New York state law bars most urban apartment-dwellers from renting out their units for less than 30 days if they are not present. The law recently passed by the state legislature would bar even …

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New York governor approves new regulations on Airbnb

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Media mogul Redstone says he ‘no longer trusts’ Viacom CEO

June 16, 2016 by · Leave a Comment 

Sumner Redstone said he “no longer trusts” Viacom Inc's board or Chief Executive Philippe Dauman to act in the media company's best interests, according to a spokesman for the 93-year-old mogul. The comments from Redstone, the controlling shareholder of Viacom and CBS Corp , are the latest…

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Media mogul Redstone says he ‘no longer trusts’ Viacom CEO

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Airbnb gets $1 billion debt facility from U.S. banks: source

June 16, 2016 by · Leave a Comment 

(Reuters) – Apartment-sharing startup Airbnb Inc has secured a $1 billion debt facility from some big U.S. banks to aid its new services and finance its expansion plans, a source close to the company said. JPMorgan , Citigroup Inc , Morgan Stanley and Bank of America Corp led the debt deal, the source said. Airbnb, which expects to achieve profitability in 2016, raised over $100 million in a round of funding late last year. Bloomberg reported the funding deal earlier on Wednesday. (http://bloom. …

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Airbnb gets $1 billion debt facility from U.S. banks: source