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ANC lashes out at judge who wants Zuma to explain reshuffle

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In court papers‚ the president had said that the opposition party's urgent application to have reasons for the recent Cabinet reshuffle divulged was misconceived and without merit. Zuma argued he was exercising his powers in terms of section 91 (2) of the Constitution of the Republic of South Africa. To read into the Constitution that the president must explain himself on the composition of the National Executive to the opposition is to use the judiciary to police political decisions and ... Read More »

Patanjali notches Rs 10561 crore turnover

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Now operating primarily from Hardwar, Patanjali is looking to set up facilities at destinations such as Noida, Nagpur and Indore, among others, that would take his production capacity to Rs 60,000 crore in the next one year from Rs 35,000 crore now. Read More »

Oil hovers near $46 as shale revival cancels out OPEC efforts

The pan-European FTSEurofirst 300 index .FTEU3 rose 0.69 percent and MSCI's gauge of stocks across the globe.MIWD00000PUS gained 0.36 percent after touching a record high. According to the data of USA, crude inventories fell 930,000 barrels, against the expectations of analysts for a decrease of 2.3 million barrels. Crashing oil prices in late 2015 and early 2016 dealt a blow to the US shale industry. Read More »

Google agrees to pay $335 million in Italy tax dispute

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However, the investigators did not reveal how much they were seeking to recover. Google has come to an agreement with the Italian tax office to to pay €306mn to settle a dispute. Other U.S. multinationals, including Amazon.com and Facebook Inc., are also under scrutiny in Italy. The U.S. company has previously said it complied with tax rules in every country it worked. Read More »

Apple steps up its effort to emphasize its economic impact

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US -based suppliers such as Corning, which provides glass for the iPhone and iPad, and 3M, which Apple calls on for adhesive materials, credit the company for 450,000 jobs. Foxconn is the world's largest contract electronics maker and is best-known for assembling products for global brands such as Apple and Sony. The move comes as Apple prepares for the roll-out of its next-generation iPhone later this year. Read More »

Local residents anxious about family members in Puerto Rico

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Gov. Ricardo Rossello said Wednesday that a federal control board overseeing the island's finances has agreed with his request to put the debts before a court. Supreme Court Chief Justice John Roberts will pick the district court judge who will oversee the restructuring of Puerto Rico's debt after the US territory filed for what is essentially bankruptcy protection on Wednesday. Read More »

UFC creates 4th weight class for women, adding 125-pounders

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Demetrious Johnson is the reigning king of the men's division and the UFC have now extended their women's game by adding a fourth division. The UFC began promoting women's fights in early 2013, and the rise in popularity of women's mixed martial arts was largely due to former 135-pound bantamweight champion Ronda Rousey. Read More »

US trade deficit narrows in March

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Exports of those products rose 9.5 percent to $95.6 billion while imports increased 6.2 to $106.7 billion. Analysts had expected the deficit to rise by 1.4 per cent, according to a consensus forecast. The flow of U.S. goods and services to several other trading partners criticized by the Trump administration were robust in the latest month. Exports to the European Union and South Korea hit all-time monthly records at US$25.7 billion and US$4.4 billion respectively while exports to Germany ... Read More »

Trump to sign order creating accountability office at VA

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The office is a byproduct of a 2014 scandal in which as many as 40 veterans died while waiting months for appointments at the VA medical centre in Phoenix. During the 2016 campaign, Trump repeatedly criticized the VA as "the most corrupt" and pledged to expand private care. Shulkin insists he's made accountability a top priority and legislation would help. Read More »

Kevin O'Leary to quit Canadian politics

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O'Leary is set to throw his support behind Maxime Bernier after dropping our of the race, the Toronto Sun has confirmed. In an interview with The Globe and Mail , O'Leary officially halted his bed to become the leader of the Conservative Party, which would have in turn meant that he could have become the Prime Minister of Canada down the road. Read More »

Marissa Mayer to exit Yahoo with $186 million payout

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As of April 3, the Yahoo CEO owned 4.49 million shares of common stock, according to an SEC filing by the internet company Monday. Under Mayer's leadership, Yahoo experienced two unprecedented security breaches affecting more than 1 billion users accounts - with the 2014 incident traced to Russian spies. Read More »

AT&T Drops 233000 Video Subs in Q1

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AT&T , the biggest USA pay-television operator after its $49 billion acquisition of DirecTV, reported its video business lost 233,000 customers in the quarter. Missed revenue estimates . The company saw revenue figures of $39.4 billion, just falling short of our consensus estimate of $40.660 billion. AT&T today reported revenues of $39.4 billion, operating income of $6.9 billion and net income of $3.5 billion in Q1 2017. Read More »

FCC chairman expected to unveil strategy to reverse net neutrality

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Pai did not give a specific date but said it will be for Class C and D stations, and the necessary IT work is being done now and it's going well. Public Knowledge urges President Trump to honor his campaign promises to put Americans before monopolies by preserving net neutrality rules as he nears the end of his first 100 days. Read More »

Macron and France need Germany (and vice versa)

The FTSE 100 index has kicked off the week in positive territory, with investors cheering news that centrist Emmanuel Macron has come out on top in the first round of France's presidential election which took place over the weekend. Conservative Francois Fillon, who had been the favourite to win the election before allegations emerged that he had paid his wife and two children from the public purse for work they did not do, came third with less than 20 percent. Read More »

PPG Industries ups bid for Akzo Nobel to $28.8B

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Last week, Akzo presented its case for remaining independent, offering shareholders 1.6 billion euros in extra dividends and detailing plans to sell or float its chemicals subsidiary, which represents a third of company sales and profits, within one year. Read More »

Chappell finally wins on PGA Tour with victory at Texas Open

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However a disastrous back nine saw him slip out of contention - with a double bogey seven on the second seeing him move back to one under. He picked up the nearly obligatory birdie at the 17th but a bogey at the last saw him finish four shots from Chappell's lead although not without hope of contending for the title tomorrow. Read More »

United Airlines issues a new policy requiring crews to be booked sooner

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When asked if Dr. Dao will file a lawsuit against the airline company, Chicago Aviation attorney Thomas Demetrio, who is representing the 69-year-old doctor, expressed that it is likely. United Airlines has been in the news quite a bit lately for all of the wrong reasons. Three officers from the Chicago Department of Aviation, who were involved in the issue, have been put on leave as the incident is being investigated. Read More »

The Select Comfort Corp

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The stock increased 0.44% or $0.11 during the last trading session. Jpmorgan Chase And invested 0% in Select Comfort Corp . Mesirow Financial Investment Management Equity Management raised its position in shares of Select Comfort Corp .by 1.0% in the third quarter. Read More »

Volkswagen to pay US$2.8 billion in United States diesel emission scandal

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Judge Sean Cox is holding a hearing Friday morning in federal court in Detroit . The $4.3 billion settlement was reached in January between Volkswagen and the U.S. He said the iconic automaker is in a "very serious and troubling" case. Volkswagen offered an apology in court. In March, attorneys for both the government and Volkswagen asked Cox to accept the plea and immediately sentence the company to $2.8 billion in criminal fines. Read More »

Ontario set to slap foreign buyers tax to cool Toronto property market

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Officials from Canada and its most populous province will meet on Tuesday to bring Toronto's hot housing market to heel, under pressure from voters angry that speculators or foreigners are fueling a bubble in Canada's largest city. "We expect the measures to slow down activity in Toronto's housing market in the near term, not only due to their direct impact but also due to the impact of the uncertainty regarding their ultimate impact on potential buyers", he said. Read More »

Bebe To Close All 180 Stores; Future Plans Uncertain

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The company hinted at closing stores in an SEC filing last month, which said it was "exploring strategic alternatives" following four years of losses. Bebe did not immediately return messages from CNNMoney asking whether it plans to go out of business or transition to online-only. The company also expects to recognize an impairment charge of approximately $20 million. Read More »

Citizenship changes: New rules to becoming an Australian

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The Queensland MP previous year argued for action on the 457 visa scheme, saying he wasn't afraid to stir things up if his colleagues failed to restrict the program. Technically speaking, the 457 visa is a temporary one for skilled workers, but it was one of the few that offered a path to citizenship for those who continued to work in the country. Read More »

American Express profit falls 13 percent, but tops forecasts

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Jefferies Group LLC set a $88.00 price target on shares of Express Scripts Holding Company and gave the company a "buy" rating in a report on Saturday, March 18th. Sun Life invested 0% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). The New York-based company said it earned $1.24 billion in the quarter, down from $1.43 billion in the same period a year earlier. Read More »

Ronaldo destroys Bayern, Leicester City out

His Real Madrid counterpart Zinedine Zidane did not want to discuss the refereeing but he claimed Bayern's second goal could have also been ruled offside. While there was some doubt over the legitimacy of his second effort at Santiago Bernabeu, the same questions were asked of his third. The defending champions led 2-1 from the away first leg, but lost 1-2 for a 3-3 aggregate at full time in the home second leg before Ronaldo's intervention. Read More »

Andre Johnson to sign one-day contract to retire a Texan

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Johnson was the third overall pick in the 2003 National Football League draft and certainly lived up to the hype that followed him coming out of the University of Miami. According to John McClain of the Houston Chronicle , the Texans are planning a future ceremony to honor Johnson. In both years, he led the National Football League in receiving yards. Read More »