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Tradeweb Markets plans to raise up to $709 million in IPO

FILE PHOTO - Lee Olesky, co-founder and CEO of Tradeweb Markets LLC., speaks at the Sandler O'Neill + Partners Global Exchange and Brokerage Conference in New York
FILE PHOTO - Lee Olesky, co-founder and CEO of Tradeweb Markets LLC., speaks at the Sandler O'Neill + Partners Global Exchange and Brokerage Conference in New York, U.S., June 6, 2018. REUTERS/Brendan McDermid

March 25, 2019

(Reuters) – Tradeweb Markets Inc, an electronic trading platform for bonds and derivative instruments, said on Monday it is planning to raise up to $709 million in an initial public offering.

The filing comes a few days after jeans maker Levi Strauss & Co’s blockbuster debut, while ride-hailing service providers Lyft Inc and Uber are set to pursue their much-anticipated listings. Investors anticipate this year as one of the most active years ever for share offers by technology companies.

The New York-based company, which has 222.2 million shares outstanding, said it expects to offer 27.3 million shares at a price of $24-$26 per share, the company said in a regulatory filing on Monday. [https://bit.ly/2JzuFEf]

The higher end of the indicative price range gives the company, which intends to list under the symbol “TW” on the Nasdaq, a market value of $5.78 billion.

Tradeweb Markets is 54 percent owned by Refinitiv, while the rest being held by a consortium of banks. Thomson Reuters, the parent company of Reuters News, owns 45 percent of Refinitiv, with private equity firm Blackstone owning the remainder.

J.P. Morgan, Citigroup, Goldman Sachs and Morgan Stanley are leading a 12-member underwriting team for the IPO.

(Reporting by Bharath Manjesh in Bengaluru; Editing by James Emmanuel)

Source: OANN

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Golf: Mind over matter – Rory brings new approach to Masters

Rory McIlroy of Northern Ireland stands on the practice area during the second day of practice for the 2019 Masters golf tournament at the Augusta National Golf Club in Augusta, Georgia, U.S.
Rory McIlroy of Northern Ireland stands on the practice area during the second day of practice for the 2019 Masters golf tournament at the Augusta National Golf Club in Augusta, Georgia, U.S., April 9, 2019. REUTERS/Jonathan Ernst

April 9, 2019

By Frank Pingue

AUGUSTA Ga. (Reuters) – Rory McIlroy’s desire to complete his collection of golf’s four majors with a win at this week’s Masters has led the Northern Irishman to try a fresh approach, one that focuses on meditation and juggling.

McIlroy enters the year’s first major as the hottest player on the planet and he credits his solid start to 2019 with a new attitude that is all about perspective, persistence and poise, or what he refers to as the three P’s.

The new formula for McIlroy, who will play the opening two rounds this week with American Rickie Fowler and Australia’s Cameron Smith, centres around meditation, juggling and mind training.

“Look, I’m not going to go and live with the monks for a couple months in Nepal, but just to be able to get your mind in the right place and be able to focus and to centre yourself,” McIlroy told a news conference at Augusta National on Tuesday.

“It’s 10 minutes a day. It’s not as if I’m being consumed by it. But definitely something that has helped from time to time. Especially in situations where you need your mind to be right.”

McIlroy has five consecutive top-10 finishes at the Masters yet his defining moment at Augusta National remains his final-round collapse in 2011 when he failed to close out the win despite entering the day with a four-shot lead.

But McIlroy, who has since gone on to win four times at golf’s three other majors, has visions of becoming just the sixth person to complete the career grand slam and hopes his new approach will prove fruitful.

The 29-year-old Northern Irishman has a top-six finish in each of the six stroke play events he has played this year, including a triumph at the Players Championship where he meditated for 20 minutes ahead of the final round.

Early indications, therefore, are that McIlroy may be on the right path with his meditation and juggling.

“They mightn’t be the right things for other people, but I think I’ve found a formula that works for me, and I’m ‑‑ you know, I’m going to persist with it and I’m going to stick to it,” said McIlroy.

“It’s helped me play some of the best golf of my career so far this year, and you know, hopefully that will continue.”

When it comes to juggling, McIlroy described himself as a “rookie” who can only handle three balls at once.

“You know, maybe what resonates with me is isn’t going to resonate with someone else, but I found what I feel is the best path forward for me and I’ve committed to it,” McIlroy said.

McIlroy, who had another close call last year when he began the final round three shots behind eventual winner Patrick Reed, said the pressure he puts on himself at Augusta National compared to his previous appearances has changed.

“I would dearly love to win this tournament one day. If it doesn’t happen this week, that’s totally fine, I’ll come back next year and have another crack at it,” said McIlroy.

“But I’m happy with where everything is, body, mind, game.”

(Reporting by Frank Pingue; Editing by Toby Davis)

Source: OANN

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Mormon leaders talk spirituality, not changes, at conference

Leaders with The Church of Jesus Christ of Latter-day Saints delivered spiritual guidance aimed at strengthening members' faith amid a world of temptation and immorality during the opening session of a church conference Saturday in Utah.

Church members are bracing for more changes during the two-day conference because church President Russell M. Nelson has made a flurry of moves in his first year at the helm, including the surprising repeal of policies that banned baptisms for children of gay parents and labeled people in same-sex marriages as sinners eligible for expulsion.

But speeches given during Saturday morning's opening session inside the religion's 20,000-seat conference center auditorium instead focused exclusively on recommendations for how church members can become stronger spiritually. Nelson has not yet spoken. Four more sessions are planned through Sunday.

Ulisses Soares, a Brazilian-born member of a top governing panel called the Quorum of the Twelve Apostles, cited Nelson's recent remarks about a world with "rampant immorality and addictive pornography" as he told members to root their families in the teachings of Christ and never reject family members or friends who stray from the correct path.

"If that happens with your dear ones, fill your hearts with compassion, run to them, fall on their neck, and kiss them, like the father of the prodigal son did," Soares said. "Keep living a worthy life, be a good example to them of what you believe, and draw close to our savior Jesus Christ."

Becky Craven, a member of the Young Women General Presidency, dovetailed on Soares' speech by instructing members not to fall victim to temptation and be diligent following the faith's teachings. Craven advised members to make sure they don't let modern fashion prevent them from dressing modestly, especially in worship settings.

"As a covenant people, we are not meant to blend in with the rest of the world," Craven said. "We have been called a peculiar people - what a compliment. As the influences of the world increasingly embrace the evil, we must strive with all diligence to stay firmly on the path that leads us safely to the savior."

The Utah-based faith teaches abstinence from alcohol, instructs members to wait until marriage to engage in sexual relations and encourages a modest dress code. The faith opposes same-sex relationships. The religion, widely known as the Mormon church, also asks members to avoid coffee and hot drinks as part of its health code.

The conference brings about 100,000 people to Salt Lake City to watch five sessions in person and millions more watch live broadcasts and livestreams.

Dieter Uchtdorf, a longtime member of the Quorum of the Twelve Apostles, issued a plea for members to openly discuss their faith with others in ways that feels normal and natural and embrace the proselytizing component of the faith. He said church members can share their faith through an act of kindness or by posting testimonials on social media.

Uchtdorf encouraged members to talk about the new shortened Sunday worship schedule, from three hours to two, or explain the faith's push for use of the full name that emphasizes the faith's belief it is the "Church of Jesus Christ." The religion is trying to end the use of previously accepted shorthand names "Mormon" and "LDS."

Church membership growth has decreased in recent years and the number of convert baptisms in 2017 reached the lowest level in 30 years.

Uchtdorf advised members not to get discouraged by people who don't immediately accept an invitation to join, suggesting patience is key.

"If we interact with people with the sole expectation that they soon will don a white jumpsuit and ask for directions to the nearest baptismal font, we're doing it wrong," said Uchtdorf, referring to a baptismal ceremony for new members. "Some who come and see will, perhaps, never join the church; some will at a later time. That is their choice. But that doesn't change our love for them."

Nelson, 94, ascended to the presidency in January 2018 after nearly three decades in a governing body called the Quorum of the Twelve that helps the president lead the faith.

He has already launched a campaign calling on people to stop using the shorthand names "Mormon" and "LDS," severed the faith's ties with the Boy Scouts of America after a century, revised how leaders handle closed-door interviews with young people and changed rules to allow missionaries to speak with their families more often.

Church leaders don't always announce new initiatives or make church news at the conference, but Nelson's busy tenure so far has members and onlookers on high alert.

Source: Fox News National

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Berners-Lee says World Wide Web, at 30, must emerge from ‘adolescence’

FILE PHOTO: World Wide Web Inventor Sir Tim Berners-Lee speaks during the inauguration of Web Summit, Europe's biggest tech conference, in Lisbon
FILE PHOTO: World Wide Web inventor Sir Tim Berners-Lee speaks during the inauguration of Web Summit, Europe's biggest tech conference, in Lisbon, Portugal, Nov. 5, 2018. REUTERS/Pedro Nunes

March 11, 2019

By Tom Miles

GENEVA (Reuters) – The fraying World Wide Web needs to rediscover its strengths and grow into maturity, its designer Tim Berners-Lee said on Monday, marking the 30th anniversary of the collaborative software project his supervisor initially dubbed “vague but exciting”.

Speaking to reporters at CERN, the physics research center outside Geneva where he invented the web, Berners-Lee said users of the web had found it “not so pretty” recently.

“They are all stepping back, suddenly horrified after the Trump and Brexit elections, realizing that this web thing that they thought was that cool is actually not necessarily serving humanity very well,” he said.

“It seems we don’t finish reeling from one privacy disaster before moving onto the next one,” he added, citing concerns about whether social networks were supporting democracy.

People who had grown up taking the internet’s neutrality for granted now found that the administration of U.S. President Donald Trump had “rolled that back”.

There was also a threat of fragmentation of the Internet into regulatory blocs – in the United States, the European Union, China and elsewhere – which would be “massively damaging”.

In an open letter to mark the anniversary, Berners-Lee said many people now felt unsure about whether the web was a force for good, but it would be defeatist and unimaginative to assume that it could not change for the better in the next 30 years.

“If we give up on building a better web now, then the web will not have failed us. We will have failed the web”, he wrote.

“It’s our journey from digital adolescence to a more mature, responsible and inclusive future”.

But he was optimistic because of a strong resolve among governments to avoid balkanization of the Internet, and a strong resolve among people in social networks who had – surprisingly – been shocked at people trying to hack elections.

He said the editorial power of Facebook’s algorithm was “scary”, but Facebook was clearly thinking about such questions a great deal, and that it and other social media firms backed the principle of letting users extract and move their data.

Amid the concern, Berners-Lee said the anniversary was something to celebrate, and warmly recalled how his boss ordered a computer model that CERN did not possess, a deliberate “plot” to enable his project under the guise of testing the interoperability of different computers.

The boss, Mike Sendell, had penciled in an assessment of his idea as “vague but exciting”.

“Thank goodness it wasn’t ‘Exciting but vague’,” Berners-Lee said.

(Reporting by Tom Miles, editing by G Crosse)

Source: OANN

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Trump’s border emergency edict challenged by House Dems, setting up possible veto showdown

House Democrats moved Friday to neutralize President Trump’s declaration of a national emergency along the U.S.-Mexico border, introducing a resolution to block the edict – and setting up a fight that could lead to the president’s first veto.

The resolution from Rep. Joaquin Castro, D-Texas, whose brother Julian is running for president, enjoys overwhelming support from fellow majority Democrats in the House. He announced overnight the measure had 222 cosponsors, slamming what he dubbed the “FakeTrumpEmergency” and the border wall the president wants to fund.

16 STATES SUE OVER BORDER DECLARATION

The level of support all but guarantees it will pass the House. But there is a chance the Republican-controlled Senate could follow suit.

Sen. Susan Collins, R-Maine, said earlier this week she’d support such a measure. Several other Republicans have voiced concern over the president’s declaration – raising the possibility the measure could clear the chamber. Such a scenario would expose a striking fracture in the party over the president’s decision, while likely compelling Trump to issue the first veto of his administration – one likely to be sustained.

“All Members take an oath of office to support and defend the Constitution. The President’s decision to go outside the bounds of the law to try to get what he failed to achieve in the constitutional legislative process violates the Constitution and must be terminated,” House Speaker Nancy Pelosi, D-Calif., said in a letter to colleagues seeking support. “We have a solemn responsibility to uphold the Constitution, and defend our system of checks and balances against the President’s assault.”

Trump, though, maintains the wall is needed to protect the country from illegal immigration, crime and drugs. He has highlighted construction already underway, while pledging to press forward with more as he braces for not only the fight with Congress but a legal battle launched earlier this week by more than a dozen Democrat-led states.

BETO BACKS PATH TO LEGAL STATUS FOR UNDOCUMENTED IMMIGRANTS

In response to that lawsuit, he slammed “Open Border Democrats and the Radical Left.”

The brief resolution filed Friday simply says Trump’s emergency proclamation “is hereby terminated.”

A staff aide introduced the measure during a short pro forma session of the House in which Rep. Don Beyer, D-Va., presided over an almost empty chamber.

Pelosi has promised that the House will "move swiftly" to pass the measure, predicting in her letter to colleagues that "the resolution will be referred to the Senate and then sent to the President's desk."

Trump declared the emergency last Friday, a decision tied to his signing of a government spending package that averted a second shutdown. While that package included $1.4 billion to build 55 miles of border barrier – far less than Trump sought – Trump aims to use the emergency declaration and other tools to free up billions more.

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That money would be transferred from a federal asset forfeiture fund, Defense Department anti-drug efforts and a military construction fund. Federal officials have yet to identify which projects would be affected.

The Associated Press contributed to this report.

Source: Fox News Politics

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Watch Sunday Show Live! MSM Claims Reporting On Islamic Easter Bombing Massacre Is Racist

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Source: InfoWars

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Heiress pleads guilty in NXIVM sex slave case

A wealthy heiress has pleaded guilty to charges implicating her in a sex-trafficking conspiracy case against an upstate New York self-help group.

Clare Bronfman entered the plea on Friday in federal court in Brooklyn.

The plea means the 40-year-old Bronfman will avoid going to trial early next month with Keith Raniere. He's known as the spiritual leader of the group called NXIVM (NEHK'-see-uhm).

Prosecutors say Bronfman was bankrolling Raniere's group at a time when he had a secret harem of sex slaves who were branded with his initials.

Sentencing is set for July 25.

Bronfman is a daughter of the late billionaire philanthropist and former Seagram chairman Edgar Bronfman Sr.

Source: Fox News National

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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A Malaysian mountain climber was being treated in a hospital in Nepal’s capital Friday after being stranded nearly two days alone near the summit of Annapurna.

A helicopter crew searching for the missing climber on Thursday spotted Wui Kin Chin waving his hands at them, and rescuers brought him down to a lower camp.

At the time of his rescue, Chin had been without an oxygen bottle, food and water for over 40 hours, said Mingma Sherpa, the head of Seven Summit Treks, which arranged his expedition.

Chin was flown to the capital, Kathmandu, on Friday and taken to a hospital, where his wife joined him.

Chin is an anesthesiologist and accomplished climber, and Sherpa credited Chin’s medical knowledge and familiarity with mountains for keeping him alive.

“It’s a big thing to stay alive in that altitude without food, water, and oxygen,” Sherpa said. He described Chin on Thursday as fine but not in condition to walk.

Chin was a part of a 13-member expedition led by a French climber and was separated from the others during the descent.

The 8,091-meter (26,545-foot) Mount Annapurna is the ninth tallest mountain in Nepal and the 10th tallest in the world. It’s considered an especially treacherous mountain due to its difficult terrain and weather conditions.

Source: Fox News World

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Spain’s prime minister says he’s open to a coalition with an anti-austerity party, hinting for the first time at a possible center-left governing alliance after Sunday’s national election.

In an interview published Friday by El Pais newspaper, Socialist leader Pedro Sánchez says “it isn’t a problem” for the far-left United We Can to become part of his Cabinet if he wins the tight race.

With Spain’s electoral law banning polls during the last week of campaigning, it’s unclear if the two parties will emerge strong enough in the lower house of parliament or whether a right-wing alliance could assemble a majority.

Sánchez is calling on Spaniards to cast a “useful vote” and has warned that the rise of the far right in polls could be underestimated given the large pool of undecided voters.

Source: Fox News World

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FILE PHOTO: KPN logo is seen at its headquarters in Rotterdam
FILE PHOTO: KPN logo is seen at its headquarters in Rotterdam, Netherlands, January 30, 2019. REUTERS/Piroschka van de Wouw

April 26, 2019

By Bart H. Meijer and Toby Sterling

AMSTERDAM (Reuters) – Dutch telecom firm Royal KPN NV said on Friday it would select a Western supplier to build its core 5G mobile network, making it one of the first European operators to make clear it would not pick China’s Huawei for such work.

The United States has been seeking to discourage its allies from using equipment made by Huawei because of concerns that it could eventually be used for Chinese government spying. Huawei says such worries are baseless and U.S. policy is driven by economic interests.

The Hague-based KPN, the Netherlands’ largest telecom firm, said its decision took into account “the evolving assessment on the protection of vital infrastructure and the influence this may have on future Dutch policy.”

The Dutch government has not taken a decision on the issue.

KPN, which also reported on Friday slightly worse than expected first quarter core earnings of 563 million euros ($627 million), said it would still use equipment made by Huawei in some capacities.

In addition, the company announced a preliminary deal with Huawei to upgrade existing mobile telecommunications gear to make it safer. Huawei has been a key supplier to KPN in the past decade.

The Dutch government set up a task force with KPN and other major operators in the Netherlands this month to analyze the “vulnerability of 5G telecommunications networks to misuse by technology vendors … and measures needed to manage risks.”

KPN said it would use equipment made by Huawei, which it described as a world leader in radio and antenna technology, to improve security on its existing network.

“This preliminary agreement can be adjusted or reversed to align it with future Dutch government policy,” it added.

Sources told Reuters on Wednesday that Britain’s National Security Council (NSC) had decided to bar Huawei from core parts of the country’s 5G network and restrict its access to non-core areas.

(Reporting by Bart Meijer; Editing by Kirsten Donovan and Edmund Blair)

Source: OANN

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