Wires

  • Aug 26- Cloud services provider Rackspace Hosting Inc said it agreed to be taken private by Apollo Global Management LLC in a deal valued at $4.3 billion, as the private-equity firm boosts its investments in the technology sector. Rackspace's shares were up 4.3 percent at $31.50 in early trading on Friday, just shy of Apollo's offer of $32 per share.

  • LONDON, Aug 26- Oil eased on Friday, on course for its largest weekly decline in a month after the Saudi energy minister watered down expectations that the world's largest producers might agree next month to limit their output. Brent crude futures were down 6 cents at $49.61 per barrel by 1339 GMT, having recovered from a session low at $49.12.

  • MOSCOW, Aug 26- Russian President Vladimir Putin and Turkey's Tayyip Erdogan discussed the situation in Syria in a telephone conversation on Friday, stressing the importance of a joint fight against terrorism, the Kremlin said.

  • *Approached to buy Herbalife shares- Ackman. Aug 26- Herbalife Ltd's biggest critic, hedge fund manager Bill Ackman, said he had been approached to buy shares in the nutritional supplements maker from billionaire investor Carl Icahn. Ackman, who has bet more than $1 billion against Herbalife, said on CNBC that Icahn's planned stake sale would accelerate the...

  • *Yellen due to speak at 10:00 a.m. ET. Aug 26- Wall Street was higher on Friday morning, boosted by financial stocks, minutes before a speech by Federal Reserve Chair Janet Yellen that is expected to provide a clearer picture on when interest rates will be raised next. Yellen speaks before a gathering of global central bankers in Jackson Hole, Wyoming, at 10:00 a.m....

  • RIO DE JANEIRO— Senators in Brazil have begun a second day of deliberations in the trial of President Dilma Rousseff. The Senate voted in May to impeach and suspend her for up to 180 days while the trial could be prepared. Vice President Michel Temer took over in May.

  • NEW YORK— The latest on developments in global financial markets:. Autodesk managed a small profit, beating expectations of a loss, and Pure Storage's loss was far smaller than forecasts. Freeport McMoRan, a copper miner, rose 1.2 percent.

  • *Adidas, Just Eat among stocks at record highs. LONDON, Aug 25- European equities have defied the gloom and doom predicted after Britain voted to leave the European Union, and record-high gains by stocks like Adidas and Just Eat suggest investors are looking for growth anywhere they can find it. Among them are Swiss company Geberit, whose hi-tech toilets have...

  • PARIS, Aug 26- Italian luxury goods maker Prada predicted a return to sales and profit growth next year after its first-half underlying earnings and net profit dropped by 25 percent, partly dragged down by weak demand in China and Italy. The group, which has been hit hard by the global luxury spending slump, said sales suffered in China and particularly in its home...

  • *Yellen to speak in Jackson Hole at 1400 GMT on Friday. LONDON, Aug 26- Gold edged higher on Friday as markets braced for a speech later in the session by Federal Reserve Chair Janet Yellen that could yield clues on the direction of U.S. interest rates. Spot gold was up 0.6 percent at $1,329.22 an ounce at 1321 GMT, while U.S. gold futures for December delivery were up...

  • NEW YORK, Aug 26- U.S. "The market is looking for any clear hints or indications that they are going to go later this year, or in September or not September," said Ian Lyngen, an independent Treasuries strategist in New York. Yellen will speak a 10 a.m. EDT at a Fed conference in Jackson Hole, Wyoming.

  • LA PAZ, Aug 26- Bolivian miners accused of beating a government official to death lifted the roadblock where violent protests had taken place this week, with President Evo Morales calling Friday a day of "deep pain" for the country. Deputy Interior Minister Rodolfo Illanes was killed on Thursday after being taken hostage by workers who had blocked a major highway...

  • Democratic presidential nominee Hillary Clinton on Friday said the Clinton Foundation was seeking other organizations to take over some of the group's charitable work, but that winding down her family's foundation would take time. "I know the foundation is looking for partners, but that's going to take some time to carry out," Clinton said in an interview on...

  • *Second-quarter GDP growth revised down to 1.1 percent rate. WASHINGTON, Aug 26- U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 percent annual rate, the Commerce Department said...

  • LOS ANGELES— The composer for "Game of Thrones" is swapping the sword-filled realm of Westeros for the alien-plagued world of Sera. Djawadi described the score, which was recorded at Sony Pictures Studios, as emotional and orchestral with synth elements. He originally started creating music in the 1990 s as a sound technician at "System Shock" and "Thief" developer...

  • LONDON, Aug 26- Banks, insurers, asset managers and exchanges in Britain are waiting to see to whether post-Brexit trading terms will give them access to the European Union market. The key challenge is how to secure enough access to the single market so that financial firms in Britain won't have to move some or all of their operations to the EU.

  • LONDON, Aug 26- Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage to Brussels politics. In the aftermath of Britain's vote to leave the EU, legal experts said banks, insurers and asset managers in London using...

  • Aug 26- Wall Street was set to open flat on Friday ahead of Federal Reserve Chair Janet Yellen's speech, with investors hoping for a clearer picture on the timing of the next interest rate hike. Yellen speaks before a gathering of global central bankers in Jackson Hole, Wyoming, at 10:00 a.m. ET. Wall Street has dropped about 0.5 percent since Monday, its steepest...

  • Aug 26- Apollo Global Management LLC said on Friday it would buy cloud services provider Rackspace Hosting Inc in a deal valued at $4.3 billion, as the private-equity firm increases its investments in the technology sector.

  • The group, which has been hit hard by the global luxury spending slump, said sales suffered in China and particularly in its home market Italy where net retail revenue dived 21 percent in the six months to June 30. Earnings before interest, tax, depreciation and amortization reached 330 million euros in the first half, down from 440 million euros in the year-ago...