Quick view: Hotel operator Hilton files for $1.25-bn IPO

Sep 13 2013, 02:20 IST
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SummaryHotel operator Hilton Worldwide, backed by Blackstone Group, filed for an initial public offering of up to $1.25 billion.

Hotel operator Hilton Worldwide, backed by Blackstone Group, filed for an initial public offering of up to $1.25 billion. Blackstone took Hilton private in 2007 in a $26.7 billion deal, which was one of the largest leveraged buyouts that preceded the 2008 global financial crisis. Hilton has about 4,041 hotels, resorts and timeshare properties, comprising 665,667 rooms in 90 countries and territories. Out of these, Hilton owns or lease interests in 157 hotels. Deutsche Bank, Goldman Sachs, BofA Merrill Lynch and Morgan Stanley are the lead underwriters on the offering.

NSA sent data on US citizens to Israel: Report

The US National Security Agency routinely passes raw intelligence to Israel without first removing details about US citizens, Britainís Guardian newspaper said on Thursday, citing documents obtained by former NSA contractor Edward Snowden. Under a memorandum agreed in principle in March 2009, the NSA shares information with Israel that could include details of intercepted phone calls and emails from US citizens with no legally binding restraint on the use of the data by the Israelis, the paper reported. It said providing raw data to a foreign country contrasted with assurances given by US President Barack Obama that the privacy of ordinary citizens would be protected.

Whistleblowers asked to use China official site

Chinaís government will protect from retribution and attacks people who use the internet to report corruption, but only those who use an officially sanctioned website to do so. President Xi Jinping has made fighting pervasive graft a central theme of his new administration, warning that the problem is so severe it could threaten the survival of the ruling Communist Party. "All reports logged on the Central Commission for Discipline Inspection's website will receive legal protection, and we will severely deal with revenge attacks," an official said.

Hacker steals data of 2 m Vodafone users

A hacker has gained access to one of Vodafone Germanyís servers and has stolen the personal data of about 2 million customers, the company said on Thursday. The hacker had access to customersí names, addresses and bank account numbers, the group said, adding the person did not get any passwords, security numbers or connection data. Vodafone said it was not possible that the data was of any use to the hacker.

Course provider, Google join hands for platform

EDX, a nonprofit online consortium started by Harvard and the Massachusetts Institute of Technology, is joining forces with

Google to start a

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