Verizon said to be potential Yahoo buyer
NEW YORK Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports, each citing a single unnamed source. The deal is expected to be announced formally on Monday before markets open, the reports said. Verizon had emerged in recent days as the front-runner for the beleaguered internet company. Yahoo is expected to sell its email service and news, finance and sports websites in addition to its advertising tools under pressure from shareholders fed up with a downturn in the company s revenue during the past eight years.
The deal is likely to end the four-year reign of Yahoo CEO Marissa Mayer, a former Google executive who flopped in her attempts to turn around the Sunnyvale, California, company.
Erotic massage parlors follow national trends
NORFOLK Some massage parlors in Virginia s Hampton Roads region are selling sexual favors, raising concerns about prostitution and human trafficking. The Virginian-Pilot newspaper reports that the erotic parlors reflect a national trend. Across the country, nearly 4,800 establishments secretly sell sex, according to a 2013 study from the Urban Institute. One local online forum indicates that 29 parlors in Virginia s Tidewater region have been offering some form of sex for money in the last nine months. Most of the women providing the erotic massages come from China or are of Chinese descent. But most of their clients are local, ranging from executives to military service members to truck drivers.
Local police have raided several massage parlors in the last couple years, leading to arrests.
Lost wallet with meth leads to three arrests
HOUMA South Louisiana authorities say a lost wallet landed three Utah men in jail on drug charges. Terrebonne Parish Sheriff Jerry Larpenter says the wallet was found at a hotel and turned in to the sheriff s office. It held a driver s license and crystal meth. He says deputies went to the hotel and found the men with more drugs in their room, including prescription drugs and marijuana.
A news release says Jacob Meservey and Brennen Orr, both 22 of Spanish Fork, Utah, and 21-year-old Treyton Davis of Mapleton, Utah, were arrested Friday on a variety of drug possession charges. They were being held Sunday in lieu of $25,000 bond.
California
Star Trek takes off at weekend box office
LOS ANGELES Star Trek Beyond has landed atop the weekend box office.
Studio estimates Sunday say Paramount s latest outing with the Starship Enterprise soared to $59.6 million in North American ticket sales, knocking Universal s The Secret Life of Pets from the No. 1 spot.
Pets was the second-most-popular film at theaters, adding an additional $29 million to its stellar $260 million earnings to date.