Sports 

MLB notebook: Agent denies $175 million Machado offer

Hours after ESPN’s Buster Olney reported the Chicago White Sox offered Manny Machado a seven-year, $175 million deal, Machado’s agent referred to the report as “inaccurate and reckless” on Wednesday. FILE PHOTO: Aug 25, 2018; Los Angeles, CA, USA; San Diego Padres shortstop Freddy Galvis (left) tags out Los Angeles Dodgers shortstop Manny Machado (8) attempting to steal second base during the seventh inning at Dodger Stadium. Mandatory Credit: Orlando Ramirez-USA TODAY Sports Dan Lozano sharply criticized Olney and USA Today’s Bob Nightengale for their reporting on Machado’s free agency…

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Technology 

Facebook to invest $300 million to help local news survive

(Reuters) – Facebook Inc (FB.O) will invest $300 million over three years in local news globally as it faces blistering criticism over its role in the erosion of the news business worldwide. The investment in time and money is a significant expansion of a plan to help newsrooms in the U.S. and abroad create and sustain viable business models to survive, the company said on Tuesday. Unlike earlier investments in the news business, this latest round is distinguished by how it is not tied to Facebook-related products, recipients of the…

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Technology 

Apple loses bid to undo $440 million judgment in VirnetX patent case

FILE PHOTO: An electronic screen displays the Apple Inc. logo on the exterior of the Nasdaq Market Site following the close of the day’s trading session in New York City, New York, U.S., August 2, 2018. REUTERS/Mike Segar/File Photo (Reuters) – A U.S. appeals court on Tuesday upheld a judgment worth $440 million that was won by intellectual property licensing firm VirnetX Inc against Apple Inc in a patent infringement case. The U.S. Court of Appeals for the Federal Circuit denied Apple’s appeal of a 2016 jury verdict originally valued…

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Sports 

LPGA will play for record $70 million, but long way from parity

(Reuters) – The LPGA season kicks off on Thursday for a season that will comprise 34 events and distribute some $70 million in prize money, a record amount for the circuit although it is still barely one-fifth on offer on the PGA Tour. FILE PHOTO: Mika Miyazato of Japan tees off the 14th during the second round of the U.S. Women’s Open golf tournament at Blackwolf Run in Kohler, Wisconsin July 6, 2012. REUTERS/Darren Hauck The discrepancy roughly parallels the difference in television ratings in the United States between the…

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Sports 

Mets, deGrom agree to one-year, $17 million deal

FILE PHOTO: Sep 21, 2018; Washington, DC, USA; New York Mets starting pitcher Jacob deGrom (48) pitches against the Washington Nationals in the first inning at Nationals Park. Mandatory Credit: Geoff Burke-USA TODAY Sports – 11292495 National League Cy Young Award winner Jacob deGrom and the New York Mets agreed to a one-year, $17 million contract on Friday to avoid salary arbitration. The 30-year-old deGrom went 10-9 with a microscopic 1.70 ERA in 32 starts last season. He struck out a career-best 269 in 217 innings while making $7.4 million.…

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Sports 

Davis agrees to one-year, $16.5 million deal with A’s

FILE PHOTO: Sep 21, 2018; Oakland, CA, USA; Oakland Athletics designated hitter Khris Davis (2) throws his jersey in celebration after hitting a solo home run for a walk off win against the Minnesota Twins during the tenth inning at Oakland Coliseum. Mandatory Credit: Kelley L Cox-USA TODAY Sports – 11297999 Major league home run leader Khris Davis and the Oakland Athletics avoided arbitration on Friday when the slugger agreed to a one-year, $16.5 million deal, according to multiple reports. Davis established career highs with 48 homers and 123 RBIs…

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Sports 

Report: Second baseman Dozier agrees to $9 million deal with Nationals

FILE PHOTO: Aug 1, 2018; Los Angeles, CA, USA; Los Angeles Dodgers second baseman Brian Dozier (6) fields a ball during the ninth inning against the Milwaukee Brewers at Dodger Stadium. Mandatory Credit: Kelvin Kuo-USA TODAY Sports Second baseman Brian Dozier agreed to a one-year, $9 million deal with the Washington Nationals, according to multiple reports. Dozier received interest from multiple teams, including the New York Mets, after splitting last season between the Minnesota Twins and Los Angeles Dodgers. Dozier played the final 47 games of the season with the…

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Technology 

Chinese group swindles $18.5 million from Indian arm of Italian company: Economic Times

MUMBAI (Reuters) – A group of Chinese hackers robbed 1.3 billion rupees ($18.45 million) from the Indian unit of Tecnimont SpA through an elaborate cyber fraud that included impersonating the Italian engineering firm’s chief executive, the Economic Times reported. The scammers sent emails to the India head of Tecnimont, part of the publicly traded Maire Tecnimont, from an account that looked similar to one used by the Italian group’s CEO and also organized conference calls to discuss a “confidential” acquisition in China, the ET report said, citing a complaint made…

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Technology 

Israel health fund aMoon II gets $600 million in investor commitments

TEL AVIV (Reuters) – Israel-based healthcare fund aMoon II has received commitments of $600 million from investors and aims to raise up to $750 million by its close in February, according to an investor document obtained by Reuters. This is up from an original $500 million target set by the fund, which is investing in mid- to late-stage companies in digital health, medical devices and biopharma in Israel, the United States and Europe. Launched in 2018, aMoon II said in May it had secured a $250 million investment commitment from…

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