How on earth did the National Security Agency get data from Yahoo and Google without them knowing about it? The New York Times reports.» Read More
Brokerage Macquarie Equities Research raised its price target on the stock to $25 from $23 after the video game publisher racked up $800 million in first-day sales of Grand Theft Auto V, the fifth installment of the lucrative franchise that went on sale across the globe on Tuesday. **TRANSCEPT PHARMACEUTICALS INC, Wednesday close $3.59, up 9 pct after market.
The SEC, which has actively pursued actions by US banks, is broadening its reach by asserting its purview to foreign hedge fund managers.
Stocks closed higher Friday, with the Dow posting its second best weekly gain this year, as investors looked ahead to next week's Federal Reserve policy meeting and shrugged off an earlier batch of tepid economic reports.
*Rhoen-Klinikum surges 11 pct on plans to sell hospitals. German hospital chain Rhoen-Klinikum jumped 11.4 percent in surging volumes to become the best performer on the FTSEurofirst 300 index after saying it will sell most of its hospitals to Fresenius for 3.07 billion euros.
*Rhoen-Klinikum surges on plans to sell hospitals. German hospital chain Rhoen-Klinikum jumped 11.6 percent in huge volumes to become the best performer on the FTSEurofirst 300 index after saying it will sell most of its hospitals to Fresenius for 3.07 billion euros.
FRANKFURT, Sept 13- Three hedge funds who tendered shares enabling Vodafone to successfully bid for Germany's largest cable firm plan to sue for a better price for their outstanding holdings, three financial sources with knowledge of the matter said on Friday.
**FACEBOOK INC, Thursday close $44.75, up 1 pct premarket. **INTEL CORP, Thursday close $22.63, up 2 pct premarket. The brokerage raised its price target on the stock to $30 from $27.
Pimco and BlackRock bought about $13 billion of the debt Verizon sold in its record bond offering, the Wall Street Journal reported.
U.S. stock index futures held their slight gains across the board Friday, as investors digested the latest round of economic reports and ahead of next week's Federal Reserve policy meeting.
**FACEBOOK INC, Thursday close $44.75, up 1 pct premarket. **SINA CORP, Thursday close $84.99, up 3 pct premarket. **SANGAMO BIOSCIENCES INC, Thursday close $10.50, up 5 pct premarket.
*TDC seen as acquisition target in European consolidation. *TDC shares fall 3 pct. COPENHAGEN/ LONDON, Sept 13 (Reuters)- Private equity firm Kohlberg Kravis Roberts& Co (KKR) has sold its 11 percent stake in Danish telecoms firm TDC for $744 million, taking advantage of a recent surge in telecoms stocks to make a long-expected exit from the business.
**FACEBOOK INC, Thursday close $44.75, up 1 pct premarket. **SINA CORP, Thursday close $84.99, up 3 pct premarket. **ANALOGIC CORP, Thursday close $79.72, up 3 after market.
*Europe stocks see 3rd best weekly inflows on record- Lipper. Shares of German hospital chain Rhoen-Klinikum jumped 11 percent in huge volumes after saying it will sell assets to Fresenius for 3.07 billion euros.
*Vodafone says reached 75 pct threshold for takeover. *Deal would give Vodafone leg up in fragmented market. FRANKFURT, Sept 12- Vodafone has secured enough shares in Kabel Deutschland for its 7.7 billion euro offer for Germany's largest cable company to succeed, Vodafone said on Thursday.
FRANKFURT, Sept 12- Vodafone said it has secured the 75 percent of shares in Kabel Deutschland needed for its 7.7 billion-euro offer for Germany's largest cable company to succeed. "The 75 percent minimum acceptance condition has been met," Vodafone said in a statement on Thursday, adding that it would publish the definitive tender ratio on Sept. 16.
NEW YORK, Sept 12- Verizon's new US $49 billion bonds soared in secondary trading on Thursday, meaning tens of millions in potential profits for investors who got in on the largest corporate bond issue ever. That represents roughly a US $64 million potential profit for any investors that were allocated US $1 billion of the 30- year Verizon bonds.
*Vodafone says stolen data of no direct use to the hacker. "This attack was only possible with the utmost criminal energy as well as insider knowledge and happened deep within the IT infrastructure of the company," Vodafone said.
Vodafone Germany said on Thursday it had been targeted in an attack on its data servers in which hackers gained access to the personal information of 2 million customers.
Vodafone said it was not possible that the data was of any use to the hacker. " It is hardly possible to use the data to get directly access to the bank accounts of those affected, " Vodafone said in a statement.
*Vivendi, Telecom Italia and KPN all rise on M&A news. Telecom Italia and KPN both gained 1.4 percent after receiving takeover approaches, less than a month after Vodafone sold its stake in a joint venture with Verizon.