SLFP says some executive powers under 19A must remain

Dissanayake also said the SLFP is prepared to contest a Local Government (LG) election.He said that the division in the SLFP will not affect the party and that all SLFP supporters who are backing former President Mahinda Rajapaksa will vote for the SLFP at an election. (Colombo Gazette) The Sri Lanka Freedom Party (SLFP) says some executive powers of the President must remain.SLFP Treasurer S.B. Dissanayake said that the SLFP feels that the executive powers the President has under the 19th Amendment must remain. Dissanayake said that while there is a move to devolve powers to the provinces, there is a feeling that by the President having some executive powers the unitary status of the country will be protected. He also said the SLFP and the United National Party (UNP) do not have a mandate to go for any Constitutional amendments which require a referendum. read more

Signet and Palo Alto Networks rise while Mallinckrodt slumps

NEW YORK — Stocks that moved substantially or traded heavily on Thursday:Palo Alto Networks Inc., up $11.56 to $212.05The cybersecurity company beat Wall Street’s fiscal fourth quarter forecasts and will buy Zingbox for $75 million.Signet Jewelers Ltd., up $2.96 to $13.97The jewelry company behind retailers Kay and Zales handily beat Wall Street’s fiscal second quarter forecasts.G-III Apparel Group Ltd., up $5 to $23.84The clothing and accessories maker behind DKNY and Wilson’s Leather beat Wall Street’s fiscal second quarter profit forecasts.Mallinckrodt PLC, down $1 to $1.59The drug developer hired restructuring firms and is considering bankruptcy, according to media reports, as it faces lawsuits over opioid addiction.Meredith Corp., down $10.14 to $33.68The media company that also publishes Better Homes & Gardens gave investors weak profit guidance for the year.AeroVironment Inc., up $2.57 to $55.33The maker of unmanned aircrafts blew away Wall Street’s fiscal first quarter profit forecasts.Cloudera Inc., up $1.07 to $8.28The cloud computing company handily beat Wall Street’s second quarter forecasts on a surge in subscription revenue.At Home Group Inc., down 39 cents to $6.52The home decor retailer trimmed its sales forecast for the year after revenue fell short of Wall Street expectations during the fiscal second quarter.The Associated Press read more