Speaker gets tough with SC

The Supreme Court had issued summons to the PSC members but the Speaker said that the court has no authority to issue notice to the legislator. Speaker Chamal Rajapaksa says no outside body can dictate terms to him, parliament or any committee appointed by him.The Speaker said this in response to petitions filed in the Supreme Court (SC) against the Parliament Select Committee (PSC) appointed by him to look into the motion to impeach Chief Justice Shirani Bandaranayake.

Apple Amgen rise Molson Coors Dine Brands fall

NEW YORK — Stocks that moved substantially or traded heavily on Wednesday:Apple Inc., up $4.26 to $213.04.The iPhone maker handily beat Wall Street’s fiscal third quarter profit and revenue forecasts.Dine Brands Global Inc., down $4.38 to $82.09.The parent company of Applebee’s and IHOP restaurants warned investors about lower sales at established locations and issued a weak financial forecast.Molson Coors Brewing Co., down $2.93 to $53.99.The brewer reported a global decline in sales and its second quarter financial results fell short of Wall Street forecasts.Amgen Inc., up $10.13 to $186.58.The world’s largest biotech drugmaker gave investors a solid forecast after beating analysts’ second quarter profit expectations.Extreme Networks Inc., up 78 cents to $8.14.The network infrastructure company beat Wall Street’s fiscal fourth quarter profit and revenue forecasts.Allstate Corp., up $5.57 to $107.40.The insurer’s second-quarter profit surged and beat Wall Street partly on solid gains from auto insurance.Electronic Arts Inc., up $3.93 to $92.50.The video game maker’s fiscal first quarter revenue beat Wall Street forecasts.Paycom Software Inc., up $12.13 to $240.75.The software company raised its revenue forecast for the year after reporting solid second quarter financial results.The Associated Press read more