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FanDuel to pay out some AAF football bets despite league stoppage

The logo for the Alliance of American Football League is shown at media event at SDCCU Stadium where the new league introduced a team and head coach to San Diego
FILE PHOTO: The logo for the Alliance of American Football League is shown at media event at SDCCU Stadium where the new league introduced a team and head coach to the eight-team league, set to begin play February 2019, in San Diego, California, U.S., May 31, 2018. REUTERS/Mike Blake

April 3, 2019

By Hilary Russ

NEW YORK (Reuters) – The Alliance of American Football league is suspending operations before it can crown its first champions, but that is not stopping FanDuel’s sportsbook from declaring a winner.

FanDuel Group, a unit of Irish bookmaker Paddy Power Betfair PLC, on Wednesday said the Orlando Apollos should have been the AAF champs and that it would pay out all straight futures wagers as winners.

“For the fans that bet on the AAF, the least they should expect is for a competition to conclude as it should,” FanDuel said in a statement. “We believe this is the very definition of a bad beat for sports fans everywhere.”

The payouts apply to bets in New Jersey since FanDuel did not take any bets on the AAF in West Virginia or Pennsylvania, where it also operates sportsbooks.

This week, AAF owner Tom Dundon suspended operations after only eight weeks of game play following a number of operational and financial setbacks, according to media reports.

As the new legal U.S. sports betting market grows state by state, some operators have chosen to refund or pay out wagers where they think betters have gotten an especially bad break.

Such moves can serve to win over betters to legal, regulated bookmakers instead of the many pervasive illegal offshore websites.

In February, PointsBet refunded New Jerseyans’ wagers after Duke University star player Zion Williamson’s sneaker split open.

(Reporting by Hilary Russ; Editing by James Dalgleish)

Source: OANN

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Fed’s Powell says no immediate policy responses needed to economy

FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, U.S.
FILE PHOTO: Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, U.S., January 30, 2019. REUTERS/Leah Millis/File Photo

March 9, 2019

By Alexandria Sage

PALO ALTO (Reuters) – The Federal Reserve does not see problems in the U.S. economy that warrant an immediate change in its policy, and it will be careful not to shock financial markets as it stabilizes its bond portfolio, Fed Chair Jerome Powell said on Friday.

The U.S. central bank is nearing a major milestone in its efforts to unwind economic stimulus measures enacted to fight the 2007-09 recession.

In a wide-ranging speech at Stanford University, Powell said the Fed was “well along” in discussions on a plan to end a runoff of its balance sheet, which ballooned during and after the recession.

While there were “cross-currents” pointing to economic risks, none were flashing warning signals serious enough for the Fed to change its interest rate policy stance, he said.

“With nothing in the outlook demanding an immediate policy response and particularly given muted inflation pressures, the committee has adopted a patient, wait-and-see approach,” Powell said in prepared remarks, referring to the Fed’s policy-setting Federal Open Market Committee.

He said the Fed would soon communicate details of its plan to stop shrinking its $4 trillion balance sheet later this year. His remarks appeared aimed at reassuring financial investors that the Fed would take pains not to shock investors.

“As we feel our way cautiously to this goal, we will move transparently and predictably in order to minimize needless market disruption and risks to our dual-mandate objectives,” he said. The Fed’s dual mandate is for maximum employment and the maintenance of stable prices.

Powell’s remarks were the last from any Fed policymakers until the conclusion of the Fed’s next policy-setting meeting, to be held March 19-20.

His remarks came after the Labor Department on Friday reported that U.S. employment growth almost stalled in February, a sign of a sharp slowdown in economic activity in the first quarter.

The Fed had released a statement in January that suggested it was no longer sure if it would continue raising interest rates, after hiking rates four times in 2018. Markets may look to the Fed’s quarterly interest-rate-hike projections, to be released after the Fed’s upcoming March meeting, for clues of when it might continue with rate hikes.

On Friday, however, Powell warned against reading too much into those forecasts, noting that in the past markets at times had misread them as policy promises. He said he asked a small panel of fellow Fed policymakers to figure out a better way to communicate their role.

In December the rate-hike forecasts suggested policymakers expected two rate hikes this year. Markets currently expect none.

Powell also called out the need for the Fed and other central banks to find better ways to deal with pervasive low inflation, and said that as the Fed reviews options this year, it ought to pay serious attention to strategies that would drive inflation higher to make up for past bouts of sluggish inflation.

But Powell said he sees a “high bar” for any fundamental changes to the Fed’s current approach because of the potential of inadvertently undermining the public’s confidence in the U.S. central bank’s commitment to fighting inflation.

(Additional reporting by Ann Saphir and Jason Lange; Editing by Leslie Adler)

Source: OANN

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‘Doggie Door Bandit’ sought by Oregon police after captured squeezing into home

It's not what the dog dragged in, but who dragged themselves in through the dog's door that's drawn the attention of authorities in Oregon.

The Clackamas County Sheriff's Office said in a news release that a burglary suspect used a doggie door to get into a home last Tuesday.

The incident happened in Clackamas around 10:30 a.m. when the man made a "brazen entry" into the home through the doggie door that was captured on a surveillance camera.

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"The video clearly captures the suspect looking in the window, then entering through the doggie door," the sheriff's office said. "After the suspect realizes he's on camera, he attempts to conceal his identity by quickly pulling a hood tightly over his head and then covering the camera with a blanket."

The "Doggie Door Bandit" slipped into a home on April 2, before stealing several items, according to police.

The "Doggie Door Bandit" slipped into a home on April 2, before stealing several items, according to police. (Clackamas County Sheriff's Office)

After breaking into the home, police said the man stole several items from the home, including electronics and jewelry.

"However -- and fortunately for investigators -- the victim had a surveillance camera pointed in the suspect's direction," police said.

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The suspect is described by police as between 18 and 25 years old with a medium build. The man was wearing a black beanie, black hooded sweatshirt with "NBA" in white letters on the chest, light-grey sweats, black shoes with white soles, and black gloves

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Anyone who recognizes the suspect is asked to contact the sheriff's office tip line by phone at 503-723-4949 or leave a tip online. Tipsters are asked to reference case No. 19-007516.

Source: Fox News National

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Kayak.com says to filter travel searches by aircraft model

A commercial flight takes off from Phoenix Sky Harbor International Airport in Phoenix
FILE PHOTO: A commercial flight takes off from Phoenix Sky Harbor International Airport in Phoenix, Arizona, U.S., November 3, 2016. REUTERS/Brian Snyder

March 13, 2019

(Reuters) – Travel website Kayak.com is changing its search filters this week to allow customers to exclude particular types of aircraft from queries, the company, part of the Booking.com stable of firms, said.

“We are releasing that enhancement this week,” a company spokeswoman said.

(Reporting by Sanjana Shivdas in Bengaluru; editing by Patrick Graham)

Source: OANN

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Federal murder charges filed in death of Illinois deputy

An Illinois man faces federal murder charges in the shooting death of a sheriff's deputy that led to an hourslong standoff with police along an interstate.

Floyd E. Brown is scheduled to appear in court Monday in Rockford, where prosecutors say he fatally shot a deputy working with a U.S. Marshal's Service fugitive task force serving Brown an arrest warrant.

The Chicago Tribune reports Brown remained hospitalized Friday. Brown also faces first-degree murder charges in Winnebago County.

Brown is accused of fatally shooting 35-year-old McHenry County Sheriff's Deputy Jacob Keltner. Police say Brown then fled in a vehicle south before it crashed and the standoff began. It ended with Brown in custody.

Court documents show police found other firearms, weapons and ammunition in the hotel where Brown was staying.

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Information from: Chicago Tribune, http://www.chicagotribune.com

Source: Fox News National

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Poland’s “Fort Trump” Almost a Reality

Poland’s push to house a major permanent US military base dubbed last year by Polish President Andrzej Duda as “Fort Trump” is a big step closer to becoming a reality this week after top US defense officials met with Polish counterparts in Warsaw to negotiate an offer.

US Defense Undersecretary for Policy John Rood led a delegation to the former Soviet satellite country and longtime east European defense ally on Wednesday to discuss the US “robust offer” to establish a permanent facility on Polish soil.

The Poles previously vowed to pay $2 billion for a base that could host a division-sized installment of US forces, which the US has called “very generous” — though likely to fall short of the total cost for such a base. “We have come forward with what we think is a very serious robust offer and we’re working out some of the technicalities this very week, when we hope to have a solid foundation to work from having coming out of this meeting,” a spokesperson for Rood’s office informed the House Armed Services Committee on Wednesday.

Though the idea of a permanent US base in Poland has been floated for years, especially after the Russian-Ukraine conflict grew hot, last September’s official visit between Presidents Duda and Trump at the White House gave it real momentum.


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Duda had dropped the surprising proposal during a press briefing, suggesting it could be called “Fort Trump” — to which Trump grinned and appeared to nod in approval.

“I invite you to post more American military troops in Poland,” Duda said, describing US presence in Poland as a “guarantor of security.”

And Trump responded at the time as follows:

“We’re looking at it very seriously, I know Poland likes the idea very much, and it’s something that we are considering, yes,” Trump told reporters during the Sept. 19 press conference, according to CNN.

Duda’s remarks, clearly designed at the time to play on the US president’s ego, came amidst joint statements wherein both leaders agreed that Moscow has “acted aggressively” in the region. Trump said that he shared concerns about Russian encroachment into former Soviet satellite countries.

Poland, a NATO member state since 1999, has long sought to invite closer military relations with the United States, something which Moscow has seen as a serious provocation. President Duda at the time of his visit with Trump had first offered to put more than $2 billion into a proposed permanent American base.

According to Defense One current numbers of US as well as multi-national NATO forces deployed to Poland stand at an annual average of about 4,500 — but varies significantly from month to month.

However, precise details of just what was negotiated in Warsaw this week remains unclear, per Defense One:

Wheelbarger [Rood’s deputy for international affairs] said that if the Polish deputy minister of national defense, Tomasz Szatkowski, accepts Rood’s offer, then the State Department would take over negotiations on the “actual technical agreement.” She suggested that it would take “probably six months to a year” for the agreement to be finalized.

But she offered no details on the specifics of the U.S. offer — including whether it hewed closer to the Polish request for a full division or something smaller and potentially more dispersed. (She also did not comment on whether it calls for a base named after the president.)

What appear to be serious US-Polish discussions over a “Fort Trump” or at least a more expansive US presence comes less that six months ahead of when the Intermediate-Range Nuclear Forces Treaty (INF) between the US and Russia is set to finally terminate in August, after both sides declared they’ve effectively pulled out of the Reagan-era deal.

Perhaps with the sensitivity to a Russian reaction to any “Fort Trump” deal in mind, and out of a desire to keep the plans as secret as possible until a final deal is reached, one defense official privy to the US-Polish negotiations told Defense One: “This is more of a longer-term commitment to the type of presence that’s already in Poland, this is not a new U.S. base as some people think.”


Syrian Girl joins Alex Jones via skype to discuss the clues for motivation given by the killer’s manifesto.

Source: InfoWars

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Canadian capital Ottawa declares state of emergency as waters swell

A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 25, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters are leading to further evacuations in central Canada, with the mayor of the country’s capital Ottawa declaring a state of emergency, and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared a state of emergency for the city in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Canadian province of Ontario and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding has killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of Thursday at 1 p.m., according to a government website.

Quebec’s Public Security Ministry warned on Thursday that the hydroelectric dam at Bell Falls on the Rouge River in the western part of the province was at risk of failure because of rising water levels.

Quebec’s provincial police said 250 people were protectively being removed from their homes as of late afternoon in case the dam breaks.

(Reporting by Allison Lampert and David Ljunggren; Editing by James Dalgleish)

Source: OANN

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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