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Business - Wal-Mart loses bid to keep documents on bribery probe from shareholder

The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company`s internal probe of allegations the retailer had paid bribes in Mexico. Wal-Mart had appealed a ruling by Delaware`s lower Court of Chancery that ordered the company to produce documents to an Indiana union pension trust, which owns the company`s stock. The trust had sued Wal-Mart for access to the documents, saying it needed them to determine if the company`s board breached duties to shareholders by failing to investigate bribery allegations. Wal-Mart did not immediately respond to a request for comment.

Thursday, July 24, 2014  00:43


World - EasyJet forecasts jump in annual profit despite unrest

No-frills airline EasyJet on Thursday forecast a jump in annual profits as higher passenger numbers and revenues offset disruptions caused by unrest in Israel, Russia and Egypt. Easyjet expects to grow pre-tax profit to between £545 million and £570 million in the year to the end of September, the carrier said in a trading statement. The range given for the latest financial year includes `the impact from the situations in Israel, Egypt and Moscow` and assumes `no further significant disruption`, Easyjet said.

Thursday, July 24, 2014  08:42


World - Cook Islands prime minister wins second term

Cook Islands Prime Minister Henry Puna has won a second term in the small Pacific nation, although the main opposition party said it planned to challenge the results. Preliminary returns in the July 9 poll showed Puna in danger of losing his own seat but a late surge in support from postal ballots delivered victory to his Cook Islands Party (CIP). Final results from the Chief Electoral Office gave Puna`s CIP a narrow majority of 13 seats in the 25-seat parliament, with the prime minister retaining his Manihiki electorate. The opposition Democratic Party secured eight seats, with the recently formed One Cook Islands Party winning two seats.

Thursday, July 24, 2014  07:07


World - 13 school children die in train-bus crash in India

NEW DELHI (AP) Police say 13 children have been killed when a train crashed into their school bus at an unmanned railroad crossing in southern India.

Thursday, July 24, 2014  06:54


World - Button surprised by Hamilton move

Jenson Button said he was surprised at his former McLaren team-mate Lewis Hamilton s strange driving on Sunday after the pair survived a minor collision during the German Grand Prix. The two made contact when Hamilton thought that the 2009 champion had decided to give him room to pass at the hairpin. Hamilton sustained damage to his front wing, but was able to continue and passed Button one lap later on lap 31 during his first charge through the field. Hamilton, the 2008 champion, said: I had a bit of collision with Jenson, but I thought he was letting me past -- my bad judgement there.

Sunday, July 20, 2014  20:10


Sports - McIlroy`s father set to profit from Rory 10-year Open bet

Rory McIlroy can do his father proud, and make him much richer, on Sunday by winning the British Open at Hoylake. For 10 years ago, 25-year-old McIlroy`s dad Gerry and three friends each placed a £100 ($170, 125 euros) bet at odds of 500/1 that his son would become Open champion before he turned 26. On Sunday he will take a six-shot lead into the final round at Hoylake and few people would bet against him winning again despite the last day collapse that cost him the Masters title in 2011 when he led by four before Sunday. One punter stands to earn a £80,000 ($135,000, 100,000 euros) windfall if he closes the deal, according to British bookmakers Ladbrokes.

Saturday, July 19, 2014  22:26


World - West Ham swoop for Ecuador`s Enner Valencia

English Premier League side West Ham United agreed a deal on Thursday to sign Ecuador international forward Enner Valencia from Pachuca of Mexico subject to the successful granting of a work permit. West Ham announced on their official website that they had agreed an undisclosed fee with Pachuca and that Valencia, 25, will sign a five-year contract at Upton Park. Reports in England suggest the transfer fee will come close to the club record sum of £15 million ( 18.9 million) paid for striker Andy Carroll last summer. Formerly of Ecuadorean side Emelec, Valencia only joined Pachuca in January this year but his excellent performances at the World Cup generated widespread interest from clubs in Europe.

Thursday, July 17, 2014  17:01


World - Train rams school bus in southern India, kills 13

A train slammed into a school bus in southern India on Thursday killing at least 12 children and the bus driver and injuring more than a dozen, police said. The bus crossed the track at an unmanned crossing in Telangana state without stopping to check if the way was clear, said Indian Railways spokesman Anil Kumar Saxena. Road and rail accidents are common in India due to poor planning and infrastructure and weak law enforcement amid a surge in trucks and cars and a flood of unlicensed drivers.

Thursday, July 24, 2014  08:42


World - Negredo facing three months out - Pellegrini

Manchester City striker Alvaro Negredo will be out for up to three months after breaking a bone in his foot, manager Manuel Pellegrini has revealed. `Alvaro had surgery today (Tuesday) on his broken foot and he will probably be out for two or three months,` Pellegrini said, in comments reported on the club website. Negredo, 28, fractured the fifth metatarsal bone in his right foot during City`s 2-1 win over Hearts in a friendly in Edinburgh on Friday. Negredo signed from Sevilla last year for a fee of around £16 million ($27.3 million, 20.3 million euros).

Wednesday, July 23, 2014  11:48


World - Liberty Global says buys ITV stake from BSkyB

US cable giant Liberty Global said on Thursday it has bought a 6.4-percent stake in ITV, Britain`s largest free-to-air commercial television broadcaster, from BSkyB for £481 million ($824 million, 610 million euros). Colorado-based Liberty Global, which has made a string of European acquisitions in recent years, added in a statement however that it did not intend to make an offer to acquire ITV. Liberty Global has purchased 259.8 million ITV shares at 185 pence per share from pay-TV giant BSkyB.

Thursday, July 17, 2014  12:33

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