Alan Knott-Craig Makes Cell C Projection – Mobile operator Cell C is aiming for 25% market share over the next few years, incoming chief executive Alan Knott-Craig said on Wednesday. Knott-Craig, former Vodacom head, will join Cell C on Monday and has already set a target up from the 13% slice it dominates at present. [mail&guardian]

Facebook IPO Set For May – Social-networking site Facebook is halting the sale of its shares on secondary markets effective next week as the company prepares to hold its initial public offering in May, according to a person familiar with the matter. [ibnlive]

SA Treasury Rejects S&P’s ‘Political Risk’ Claims – The Treasury hit out at a ratings agency again yesterday, dismissing Standard & Poor’s (S&P’s) contention that there was scope for a downgrade of SA’s credit ratings if economic and social problems fed into political debate. [businessday]

Amazon CEO Finds Space Shuttle Engines In Ocean – Ever wonder what kind of random hobbies you’d take up if you were a billionaire? Well, for Amazon.com founder and CEO Jeff Bezos — worth $18.4 billion according to Forbes — it’s about tracking down old rocket engines. Did we mention they’re buried in the ocean? [latimes]

Hotel Maid Launches Civil Lawsuit Against DSK – Dominique Strauss-Kahn is claiming that he has diplomatic immunity in a civil case brought by the hotel maid who accused him of a sex attack last year. Nafissatou Diallo brought the action in New York after criminal charges were dismissed against the former head of the International Monetary Fund (IMF). [bbc]

US Suspends North Korean Food Aid – The United States has suspended food aid to North Korea because Pyongyang has violated a deal to refrain from missile launches and cannot be trusted to deliver the aid to those who need it, a Pentagon official says. [theaustralian]

Will Ferrell Announces Anchorman Sequel [Video] – On Wednesday evening, Will Ferrell stopped by Conan O’Brien’s talk show in character as Ron Burgundy to make an important announcement: Paramount Pictures has officially greenlit a sequel to the hugely popular 2004 comedy “Anchorman: The Legend of Ron Burgundy.” [huffpo]

Opposition Bid To Weaken ANC – Port Elizabeth was tense last night as the ANC awaited the results of a crucial by-election that could put an opposition coalition in control of the Nelson Mandela Bay metropolitan council. [timeslive]

Lottery Jackpot Hits Record $500 Million – The jackpot in Friday’s Mega Millions lottery drawing has risen to an estimated $500 million, the largest in the game’s history, after Tuesday night’s drawing produced no jackpot-winning ticket. [CNN / tickets]

David Cameron Enters UK ‘Pie Tax’ Row – Prime Minister David Cameron has defended the decision to charge VAT on hot food served by shops and supermarkets. Mr Cameron said that the move – which will add 20% to the cost of hot pies and pasties sold by shops such as Greggs – would defend takeaway restaurants against competition from major chains. [walesonline]

Ralph Lauren Outfits USA Olympic Team – American fashion designer Ralph Lauren will be the official outfitter of the US Olympic and Paralympic Teams for London 2012, designing the opening and closing ceremony parade uniforms. Ralph Lauren previously designed the teams’ uniforms for the 2008 Games in Beijing and 2010 Winter Games in Vancouver. [luxuo]

Kardashian Girls Release Hot New Bikini Range And Photo – Half-sisters Kim, Khloé and Kourtney Kardashian are clearly looking forward to the warmer temps, if this first look at the E! reality stars’ new Kardashian Kollection swimwear line is any indication. [eonline]

George Bush Endorses Romney – Former President George H.W. Bush plans to endorse Mitt Romney at an event Thursday in Houston. Formal backing from the 41st president is another sign that the Republican Party is uniting behind Romney as pressure builds on challengers Rick Santorum and Newt Gingrich to leave the race. [chron]

The Pope Meets Fidel Castro – Pope Benedict called for an end to the U.S. trade embargo against Cuba and met with revolutionary icon Fidel Castro on Wednesday as he ended a trip in which he urged the communist island to change. [reuters]

Rihanna Slams Reporter’s Ashton Kutcher Question [Video] – At a press conference for Battleship, Rihanna was asked about rumors that she’s dating Ashton Kutcher. She was less than thrilled with the question. Check it out. [gosscop]

Megan Fox Has A Bun In The Oven – Megan Fox is pregnant with her first child! The 25-year-old brunette beauty and her hubby of nearly two years, Brian Austin Green, are expecting their first child together and couldn’t be more excited. [radar]

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