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S.Africa's opposition Democratic Alliance beats ANC in key municipality

With 99 per cent of the votes counted so far from Wednesday's local elections, the ANC was leading with the most votes overall but by its lowest percentage ever. There were 27 hung councils across the country and parties have until August 20 to form coalition governments. The results of the election also show the rising popularity of the DA - a party that has been historically perceived as representing white interests, and which elected its first black leader, Mmusi Maimane, last year.

Business

Bank spells out chance of further rate cut this year

Federal funds futures on Wednesday implied traders saw a 42.7 percent chance of a hike in December, compared with a 38 percent on Tuesday, according to data from CME Group's FedWatch program.Analysts say that a better-than-expected payrolls report would give the dollar traction against the resurgent Japanese yen, which firmed after the Bank of Japan's monetary policy on Friday disappointed investors expecting more drastic easing steps.

Business

Cognizant backs FY16 EPS view, cuts revenue forecast; Boosts share buyback

Needham on Monday reiterated Cognizant Technology Solutions Corp .'s analyst rating as "Buy" with its price target of 68 highlighting a potential increase of 13.88% from Cognizant Technology Solutions Corp .'s current price of 59.71. Analysts on average were expecting quarterly revenue of $3.37 billion, according to a Bloomberg poll of more than a dozen analysts. Adjusted net loss attributable to common stockholders for the second quarter of 2016 was $12.5 million, or a loss of $0.12 per ...

Business

Energy Transfer Equity L.P. (ETE) Announces Quarterly Earnings Results

Stifel issued rating on the stock of Energy Transfer Partners LP (NYSE:ETP) in a research note issued to investors on Aug-05-16, the stock received "Upgrade" rating from Hold to Buy as $50. Credit Suisse Group AG reiterated an "outperform" rating and issued a $20.00 price target on shares of Energy Transfer Equity L.P.in a research report on Tuesday, July 26th.

Business

5-day rail strike means misery for many London commuters

The strike comes after the company was forced to bring in an emergency timetable , cutting 341 services a day, or 15 per cent of its trains. "Where we are not able to provide a train service we have worked with other train and bus operators and on our east coastway area, Southeastern is accepting our tickets on reasonable routes, and local buses have sought to provide additional capacity where possible on routes close to the train line".

Business

Gas prices down 6 cents nationally

The next lowest was $1.89 a gallon at ARCO, 2245 E. Florence Blvd. Gas prices accelerated their slide this week, dropping almost 6 cents per gallon across Arizona and more than 6 cents in Tucson, AAA Arizona says. Montgomery- $1.81/g, down 1.8 cents per gallon from last week's $1.82/g. AAA said that, barring unexpected interruptions to the supply of oil or gasoline, low prices should continue through the peak summer driving season.

Business

Burger King Diversifies Menu with "Whopperito" (QSR)

The burger-burrito mashup utilizes the same signature beef patty from the chain's Whopper burger, but with some added seasoning. "We're infusing classic American fare with Tex-Mex flare", Alex Macedo, president of Burger King North America, said in a statement.

Business

German Bonds Halt Two-Day Advance as BOJ Disappoints on Stimulus

Japan's central bank has opted for a modest e. The Bank of Japan (BOJ) on Friday expanded its purchases of exchange-traded funds (ETF) and doubled the size of a US dollar lending program, while refraining from boosting the pace of government bond purchases that have formed the main part of its monetary stimulus.

Business

US Olympic Swimmer Ryan Held Overcome With Emotion After Winning Gold

FIVB spokesman Richard Baker said Sunday night that the move was made to open up the game culturally. The 31-year-old Phelps carried the team to victory by staking them to a huge lead in the freestyle. Campbell went more than a second faster, and the Aussies won easily. "The old shoulders have a couple of years left in them yet". Uh, no. She had a body-length lead after 100 meters Sunday and kept extending it.

Business

Bank of England Cuts Interest Rate

MSCI's broadest index of Asia-Pacific shares outside Japan extended gains to 1.1 percent, and were headed for a 0.8 percent weekly gain. The decision drove the GBP lower by 1.6% against the dollar on Thursday as British government bond yields reached another record low even as their shares grew by 1.6%.

Business

S&P 500 hits record on strong USA jobs report

Seven of the 10 major S&P 500 sectors were higher, led by a 1.52 percent surge in the financials index. Financial and technology stocks soared and investors sold the safe assets they have favored for most of this year. Strong quarterly earnings also helped lift Kraft Heinz and Priceline, which both rose 5 percent in midday trading. Its stock picked up 3.25 dollars, or 3.8 percent, to 88.79 dollars.

Business

Dutch cyclist Annemiek van Vleuten suffers horror crash in Rio

The federation reported she is conscious and talking. "This was way past technical, this was risky, and it means people who designed the course have seen it and left it". "I didn't believe it until I was past the 200 meters to go sign and then I thought, 'Oh my God, this is going to happen.' And then they catch me". She was taken to hospital and put in intensive care, with some who saw the accident fearing the 33-year-old may have suffered more severe injuries.

Business

NBCU to produce original shows for Snapchat

The NBCUniversal partnership will significantly expand Snapchat's existing partner portfolio, which now includes content and coverage from media and entertainment brands around the world. News's Erin Lim aimed at providing a "unique and humorous take on all things pop culture". However, the new shows are not simply video summaries or clips of what's airing on television - they will feature original content.

Business

Tesla Motors Discloses $1.1 Billion in Cash Needs

Baird reaffirmed a "buy" rating and issued a $300.00 target price on shares of Tesla Motors in a report on Saturday, April 30th. Reports indicate that Tesla Motors is also working on a mini bus project that might be built over the Model X chassis.

Business

Modi calls for protecting Dalits, punishing fake 'gau rakshaks'

His statements came at a time when the BJP government was receiving flak from the general public who had been troubled with the vigilantism in the name of cow protection. "Such service enhances national wealth.it does not create problem for the nation". "We need to understand this granularity in detail". Mr Modi had been criticised by Dalit groups and opposition parties for saying nothing about the attack until now.

Business

African National Congress suffers worst-ever election results

Maimane, the DA's first black leader, had indicated before results began to come in that the polls were good for democracy. Mr Zuma's office said he would attend the announcement of the final election results. The DA will now go into a hard negotiating period over coalitions, possibly having to link up with the radical leftist Economic Freedom Fighters (EFF), whose firebrand leader Julius Malema wants to nationalize mines and take land from whites.

Business

Financial services firm TIAA to buy EverBank for about $2.5 billion

It would also turn TIAA into a full-service banking company, it said. However, the companies have not yet decided if they will keep the EverBank brand name for the bank. TIAA's CEO of Retail Financial Services, Kathie Andrade, added that TIAA served the lives of its clients as its sole objective. EverBank shareholders will receive $19.50 a share, the companies said Monday in a statement.

Business

Idea Cellular posts 74% drop in first quarter profit

Idea's average revenue per user of data in first quarter fell 3.4% from a year earlier to 142 rupees, even as the company added more than 5,000 subscribers in the quarter. - Blended usage per Internet subscription dropped to 674 MB for the quarter, from 641 MB in the previous quarter. The company posted a net profit of Rs.220 crore in the three months to the end of June, missing a consensus forecast of Rs.435 crore, according to data available with newswire Reuters .

Business

Nasscom: GST may create over 100 taxation points for IT industry

Asked if Tamil Nadu will come on board for GST implementation as AIADMK members walked out of Rajya Sabha before voting on the last night, Jaitley said India has political parties which are extremely responsible. After its passage in the Lower House, which is a given as the government enjoys a clear majority in the Lok Sabha, three laws will need to be prepared for GST .

Business

Blue-chip bosses' £5.5m salaries boost May's call for crackdown

The head of the advertising group WPP , Sir Martin Sorrell collected the highest amount, a total of more than £70m. The bosses of Britain's largest public companies earned an average of £5.5m past year, and have enjoyed a 10% pay rise while wages in the rest of the economy lag far behind.

Business

Horror crash in women's road race

This led to a pursuit showdown on the flat run into the line between next on the road, Mara Abbott (USA), and the chasing group of three. After Nibali's unfortunate crash in his final two kilometers, AOL News reported that his coach, Davide Cassani, tweeted: "Unfortunately [Nibali] has a broken collarbone".

Business

Asia Shares Rise After Bank of England Cuts Rate

Investors are counting on the Bank of England to cut interest rates to a record low 0.25 percent later on Thursday to support an economy that has slumped since the Brexit vote. "It's not really the supply of credit that is the constraint on the economy", he said. Britain has been in a very low interest environment since 2008.

Business

China's imports, exports fall again in July

China's General Administration of Customs said Monday that exports fell 4.4% in July year-over-year in dollar terms after a 4.8% decline in June. Also imports fell 12.5 per cent from a year earlier, the biggest decline since February this year pointing to falling domestic demand despite a host of measures initiated by the government to halt the slowdown of the economy.

Business

One Nation senator arrested for stealing

The arrest happened after he attended the local court at Armidale in his bid to have the conviction annulled. Senator Culleton will fight the larceny charge, after pleading not guilty. "He's been properly elected by the people of Western Australia and he'll be a strong voice for the community in that part of the country". According to the constitution, politicians are banned if they are convicted of a crime that holds a year's jail sentence.

Business

Sensex, Nifty Seen Up After US Jobs Report

Major Sensex gainers during Monday's trade were: Adani Ports, up 2.80 per cent at Rs 240.40; HDFC, up 1.70 per cent at Rs 1,363.30; Reliance Industries, up 1.49 per cent at Rs 1,029.65; Dr.Reddy's Lab, up 1.11 per cent at Rs 3,035.15; and Lupin, up 1.09 per cent at Rs 1,692.75.

Business

Amazon Japan raided on suspicion of antitrust practices: Nikkei

The Japan Fair Trade Commission recently conducted an on-site inspection of the Japanese arm of the US online retail giant, amid suspicion the company may have required vendors on its site to set prices for their products lower than on other sites.

Business

OPEC to hold informal meeting late September in Algiers

Non-OPEC member Russian Federation is set to dismiss calls for the proposal. An informal meeting of OPEC member countries is scheduled to take place on the sidelines of the 15th International Energy Forum which will take place in Algeria from 26 to 28 September 2016.

Business

Young child celebrating birthday hit, killed by vehicle

Police say the child saw a relative across the street and ran toward them. The family says that after the little girl was pronounced dead, they continued her birthday party as planned as they believe it is what she would have wanted. "Everybody is going to miss her". Family and friends from the area gathered together to celebrate the life of little Jayda who had touched everyone she met.

Business

Tyson Profit Tops Estimates as Cattle, Feed Costs Decline

Record EPS of $1.25, up 51% from Q3'15; Record Adjusted EPS of $1.21, up 51% from Q3'15; Operating income up 36% to $767 million; Adjusted operating income up 35% compared to Q3'15; and Record third quarter total company operating margin of 8.2%.

Business

Transocean rig runs aground off Scottish isle amid storms

There are no personnel on board the rig and there is no risk to life, MCA said. The original version of this story can be accessed here . The MCA's counter pollution branch and the Secretary of State's Representative (SOSREP) for Maritime Salvage and Intervention Hugh Shaw is now in discussions with the owners Transocean, ALP Marine and the salvors SMIT Salvage.

Business

Verizon to announce $5 billion deal to buy Yahoo

With Verizon's buy-in, the company gets over 1 billion active monthly users , about 600 million of whom are mobile users. According to Re/code , Yahoo informed the other bidders on Saturday that Verizon had won the process. Yahoo first put itself up for sale in February and it fielded multiple bids from nearly 40 different types of buyers including AT&T; Quicken Loans founder Dan Gilbert with financial backing from Berkshire Hathaway CEO Warren Buffett; and private equity firms TPG ...

Business

Trump backtracks on 'top secret' Iran cash video

For two days, Donald Trump told rally audiences a detailed account of seeing video footage of stacks of cash being taken off an airplane, destined to pay Iran for the release of American hostages. Trump certainly makes it sound as if there's video footage of the cash being hustled off a plane, and that he's seen that footage. In what is a first, Donald Trump has admitted he was wrong about something.

Business

United Kingdom construction sector shrinking at fastest rate since 2009

The PMI in manufacturing fell to 48.2 in July, reaching the fastest rate of contraction in activity since early 2013. The index was below the key 50 percent line for the first time since February. The figure confirmed an earlier flash estimate of service sector output. Purchase price inflation surged to a five-year high in July, reflecting a sterling-induced rise in import costs and higher metal and commodity prices.

Business

Warner Dates Fantastic Beasts and Where to Find Them Sequel

Of course studios do this all the time, giving dates to sequels way in advance, sometimes before that feature film even gets the green light. However, Newt mistakenly unleashes a briefcase full of fantastical creatures and must find a way to catch them all while concealing the magical world's existence from muggles.

Business

Harry Potter and the Cursed Child fastest-selling book of 2016

Fantastic Beasts is set to be released November 18. The untitled sequel is slated for release in November, 2018 . Publicly acknowledged as the eighth Harry Potter story, The Cursed Child officially opened at the Palace Theatre on London's West End on July 30th, 2016.


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