Pick n Pay’s Chief Executive Resigns – South Africa’s Pick n Pay said on Wednesday its chief executive, Nick Badminton,  would step down at the end of this month, leaving the nation’s number two grocer as it faces increased competition from Walmart. [walmart]

Fabio Capello Resigns As England Football Manager – The Football Association will today outline its plans for the European Championships after manager Fabio Capello’s sudden resignation. FA chairman David Bernstein and its general secretary Alex Horne will hold a news conference at midday to explain how the organisation will move forward. [skynews]

Harry Redknapp Found Not Guilty Of Tax Evasion – Tottenham Hotspur manager Harry Redknapp was cleared by a London court of tax evasion after a long investigation into allegations of financial corruption in British football. Redknapp, tipped to be the next England manager, was charged with cheating the public revenue in relation to payments totalling $295,000. [stuff]

Zuma’s Secret Spy Tapes Nightmare On The Horizon – President Jacob Zuma will face a titanic legal battle next week when he fights to keep secret the elusive spy tapes that got him off the hook on corruption charges – as well as potentially devastating financial records. [timeslive]

Google To Pay Users For Giving Up Their Privacy – Amid widespread concern about its new privacy policies, Google is now facing criticism over an offer to give users Amazon gift certificates if they open their Web movements to the company in a program called Screenwise. [computerworld]

Prince Harry Goes To War – Part Of Highest ‘Kill Rate’ Unit – The 27 year-old will join a unit which has the highest “kill rate” of any serving in Afghanistan. Royal sources said he was looking forward to “doing his duty” after completing a gruelling 18-month training programme which culminated in him finishing top of his class. [telegraph]

And The Joke Of The Year Is.. – Comedian Tim Vine has cemented his reputation as king of the one-liners after he won the prize for joke of the year at the annual Lafta awards. His gag – “Conjunctivitis.com – that’s a site for sore eyes” – saw off competition from acts including Jimmy Carr and Paul Daniels, the magician. [telegraph]

Real Madrid Still Top Of The Football Rich List – Real Madrid’s revenues of 480m euros (£401m) topped the Deloitte league table of the world’s richest football clubs for the seventh straight year. Deloitte’s Football Money League, based on data for season 2010/11, says Real will match Manchester United’s eight-year record if they stay top next year. [bbc]

Rapper Ludacris And Playboy Playmate Hit With Ponzi Lawsuit – A former Playboy playmate, infamous O.J. Simpson house guest Kato Kaelin and rapper Ludacris walk into a bar … They may not be drinking together, but the bizarre threesome are among dozens of people hit with new lawsuits in the effort to recover millions of dollars for the victims of alleged Indianapolis fraudster Tim Durham. [thedaily]

Watch: JFK Intern Breaks Silence About Affair (VIDEO) – Mimi Alford, the former White House intern who wrote a book claiming she had an affair with then-President John F. Kennedy, opened up on Wednesday to ‘Rock Center”s Meredith Vieira. In her first television interview, Alford described her relationship with the president as “exciting,” “glamorous,” and “fun.” [huffingtonpost]

File-Sharing Sites Close En-Masse, In Wake Of MegaUpload’s Demise – Ever since the Justice Department took down file sharing site MegaUpload with a splash last month, other Internet pirates have begun fleeing choppy waters. On Monday, popular BitTorrent filesharing site BTjunkie voluntary closed down operations after eight years of business. [thedaily]

Tom Cruise’s Son Is A Bad Loser – Gisele Bundchen isn’t the only sore loser left cursing after the New England Patriots’ crushing loss at the hands of the Giants. Connor Cruise — a die-hard Patriots fan and the DJ son of Tom Cruise — lashed out at one of his reps, Todd Krim, who tweeted after the game, “Sorry @TheConnorCruise maybe next year!!!” [nypost]

Elderly Kenyans Threaten UK Colonial Abuse Lawsuit – Thousands of elderly Kenyans are preparing to sue the British government over abuses — including torture, illegal detentions and rape — its forces allegedly committed during its suppression of a 1950s anti-colonial rebellion, a lawyer representing the group said Wednesday. [associated]

US Banks Agree To $25 Billion Settlement – After months of painstaking talks, government authorities and five of the nation’s biggest banks have agreed to a $26 billion settlement that could provide relief to nearly two million current and former American homeowners harmed by the bursting of the housing bubble, state and federal officials said. [nytimes]

Trump Is Open To A Position In Romney’s Cabinet – Businessman Donald Trump speculated about a future position in Mitt Romney’s Cabinet on Wednesday and said he would be “open” to the possibility. “It’s certainly not something I’m looking for,” Trump said on CNN. [thehill]

City Boys’ Rugby Tour Email Goes Viral – They were planning the kind of boys’ trip abroad that requires those involved to pledge: “What goes on tour stays on tour.” Unfortunately for the group of City high-fliers, any hopes of keeping their intended bad behaviour under wraps have been dashed before the tour has even begun. In an email that has gone “viral”, one of the former public schoolboys, who call themselves G4, drew up 13 rules for their forthcoming trip to the Dubai. [independent]