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Prisoner sentenced for trying to order bomb to kill ex-wife

A man already serving 50 years for murder in South Carolina will spend another four decades in federal prison for trying to order a bomb to kill his ex-wife in Florida.

The State reports that a judge on Monday handed 32-year-old Michael Young his federal sentence, which won't begin until his state sentence ends in 2057.

In 2007, Young shot and wounded his estranged wife and killed her father, 49-year-old Robert Lynn Bell, who was trying to protect her.

His lawyer told a judge in 2011 that Young was "a completely different person now." But evidence showed he obtained an illegal cellphone in prison to access the darknet in 2017. He contacted a man he thought was a Russian arms dealer, but was in fact an undercover FBI agent.

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Information from: The State, http://www.thestate.com

Source: Fox News National

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Samsung Electronics says first-quarter profit likely fell 60 percent as chip prices hit

FILE PHOTO: Attendees at Samsung Electronics Co LtdÕs Unpacked event test out the companyÕs new devices in in San Francisco
FILE PHOTO: Attendees at Samsung Electronics Co Ltd's Unpacked event test out the company's new devices in San Francisco, California, U.S., February 20, 2019 REUTERS/Stephen Nellis/File Photo

April 4, 2019

SEOUL (Reuters) – South Korea’s Samsung Electronics Co Ltd said on Friday its first-quarter operating profit likely slid 60 percent from a year earlier, as a glut in memory chips, slowing panel sales and rising competition in smartphones hit margins.

The world’s biggest maker of smartphones and memory chips said in a filing January-March profit was likely 6.2 trillion won ($5.5 billion), missing the 6.8 trillion won estimate from analysts according to Refinitiv SmartEstimate.

Revenue likely fell 14 percent from a year earlier to 52 trillion won. The firm will disclose detailed earnings in late April.

The Apple Inc supplier and rival earlier had warned the quarter could be disappointing due to falls in prices of memory chips, its core profit-driver, and slowing demand for display panels used in Apple’s iPhones.

Samsung’s smartphones meanwhile are struggling to be profitable due to rising costs of innovation, competition from Chinese rivals and weakening demand for premium models, analysts have said.

Even so, the firm’s share price has leapt more than 25 percent since sinking to a two-year low in early January as some investors bet on a recovery in chip demand.

The tech giant says earnings are expected to recover in the second half of the year thanks to rising demand from data centres, where data is stored remotely or in so-called cloud servers.

(Reporting by Ju-min Park and Heekyong Yang; Editing by Stephen Coates)

Source: OANN

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Shell faces lawsuit from climate change activists over fossil fuels

FILE PHOTO: A passenger plane flies over a Shell logo at a petrol station in west London, Britain
FILE PHOTO: A passenger plane flies over a Shell logo at a petrol station in west London, Britain, January 29, 2015. REUTERS/Toby Melville/File Photo

April 5, 2019

AMSTERDAM (Reuters) – Environmentalist and human rights groups said on Friday they had started a lawsuit against Royal Dutch Shell in the Netherlands to force the energy firm to cut its reliance on fossil fuels.

The groups, including Greenpeace and Friends of the Earth Netherlands, handed over a court summons to Shell at its headquarters in The Hague, demanding it stop extracting oil and gas and cut its greenhouse gas emissions to zero by 2050.

“Shell spends billions on oil and gas exploration each year, with current plans to invest just 5 percent of its budget in sustainable energy and 95 percent in exploiting fossil fuels,” the groups said.

They said Shell’s plans were “incompatible with the goal to limit global temperature rise to 1.5 degrees Celsius of warming” under the goals set out in the Paris Agreement to combat climate change.

Shell on Friday said the case should not be brought to court as it supports the goals of the 2015 pact and has promised to cut its contribution to global greenhouse gas emissions in half by 2050.

“We also feel action against climate change is needed right now”, the company said in a statement.

“We have invested billions of dollars in a range of CO2-light technologies, such as biofuels, hydrogen and wind energy and we want to continue to grow these activities.”

Activists say this commitment does not go far enough to ensure climate goals can be reached on a global scale.

“With their current strategy, they will keep the world dependent on fossil fuels in the next 40 years,” Greenpeace campaigner Eefje de Kroon said.

The groups said more than 17,000 Dutch citizens signed up to support their case against Shell.

The company has about six weeks to reply to the court summons, after which a judge will decide on further proceedings.

(Reporting by Bart Meijer; Editing by Edmund Blair and Louise Heavens)

Source: OANN

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Mueller not recommending ‘any further indictments’ after report turnover

Special Counsel Robert Mueller is not recommending any further indictments as part of his sweeping Russia investigation which effectively ended Friday, according to a senior Justice Department official.

Mueller transmitted to the Justice Department the report on his team’s probe into Russian meddling and potential collusion with Trump campaign associates during the 2016 presidential election. While the probe’s conclusions are not yet known, the investigation already has led to indictments, convictions or guilty pleas for nearly three-dozen people and three companies.

MUELLER SUBMITS RUSSIA REPORT

But a senior DOJ official told Fox News Mueller is “not recommending any further indictments.”

Information about the contents of the report could start to emerge in the coming days.

There has been speculation for the entirety of the investigation, lasting nearly two years, on whether President Trump or his family members could face criminal consequences.

Trump’s attorney Rudy Giuliani told Fox News on Friday that the Trump legal team is “confident” in the results of the report.

READ THE MUELLER LETTER

“This marks the end of the investigation. We await a disclosure of the facts,” Giuliani said. “We are confident that there is no finding of collusion by the President and this underscores what the President has been saying from the beginning - that he did nothing wrong.”

The president has repeatedly blasted the investigation as a “witch hunt” and has maintained his innocence, stating since May 2017 that there was “no collusion” between himself, or members of his campaign, and Russia during the 2016 presidential election.

Mueller has charged 26 Russian nationals while three Russian companies have been charged with interfering in the 2016 presidential election.

But none of the Trump associates have been charged with crimes related to collusion, though Mueller’s team charged former Trump associate Roger Stone in January with lying about his communications with WikiLeaks, which published hacked Democratic emails during the election.

Other convictions include: former national security adviser Michael Flynn and former campaign adviser George Papadopoulos, who both pleaded guilty to making false statements in 2017.

Former campaign adviser Rick Gates in 2018 pleaded guilty and former campaign chairman Paul Manafort was convicted and later pleaded guilty in a separate financial crimes case dating back before the 2016 election.

Former Trump lawyer Michael Cohen pleaded guilty to making false statements in a case brought by Mueller in November.

Alex van der Zwaan, a London-based lawyer, pleaded guilty to making false statements this year, and Richard Pinedo, a California man, pleaded guilty to identity fraud in 2018.

Fox News’ John Roberts and Alex Pappas contributed to this report. 

Source: Fox News Politics

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Notre Dame is About to be Ruined by Modernist Architects

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Source: InfoWars

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Hundreds evacuated in Frankfurt so WWII bomb can be defused

Some 600 people have been evacuated from their homes in the old city of Frankfurt so specialists could remove a World War II-era bomb that was discovered in the Main River.

The German news agency dpa reported the bomb was defused, as planned, underwater on Sunday, which led to a loud detonation and a big water fountain on the river. Police told dpa "the bomb is no longer a danger."

Firefighters had discovered the American 250-kilogram (550-pound) bomb during diving training in the river on Tuesday.

Even more than 70 years after the end of the war, bombs and other munitions still turn up regularly in Germany, a testament to the ferocity of the fighting in World War II.

Source: Fox News World

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Iran says US should suspend sanctions on account of floods

President Hassan Rouhani says the U.S. should suspend sanctions against Iran because of the recent massive floods that have claimed dozens of lives.

State TV quoted Rouhani's as saying on Wednesday that "if U.S officials were wise, they should have announced they would suspend the sanctions for one year because of the floods in Iran."

Rouhani is also quoted as saying the White House was "inhumane and filthy" for declining to allow cash support to the Iranian Red Crescent.

Northern and western Iran was hit by severe floods since mid-March and the country's leaders have regularly complained that the sanctions imposed by the Trump administration last year have hampered rescue efforts.

The floods have so far killed nearly 80 people and damages have been estimated at around $2.5 billion.

Source: Fox News World

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FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle
FILE PHOTO: An aerial photo looking north shows shipping containers at the Port of Seattle and the Elliott Bay waterfront in Seattle, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo

April 26, 2019

NEW YORK (Reuters) – U.S. economic growth is running at a 1.1% pace in the second quarter as the gains in exports and inventories recorded in the first quarter are expected to reverse, Morgan Stanley economists said on Friday.

“Our preliminary expectations for growth in the second quarter sees large drags from net exports and inventories after their contributions in 1Q,” they wrote in a research note.

Gross domestic product increased at a 3.2% annualized rate in the first three months of the year, driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, the Commerce Department said earlier Friday.

(Reporting by Richard Leong)

Source: OANN

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FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski/File Photo

April 26, 2019

By Tom Sims

FRANKFURT (Reuters) – Within hours of the collapse of merger talks with Commerzbank, Christian Sewing scrambled to convince investors and employees that Deutsche Bank can stand on its own two feet.

The Deutsche Bank chief executive told staff, many of whom opposed a merger because of significant job losses, that while he had not been “skeptical” about the Commerzbank talks, he was cautious about the chances of success from the start.

And another top Deutsche Bank executive said on Friday that it had been Commerzbank that initiated the talks, suggesting there was no desperation on their part for a deal.

Commerzbank denied that version of events, ending the apparent truce between the normally highly competitive cross-town Frankfurt rivals over the past six weeks.

German hopes of creating a national banking champion able to challenge global competitors were finally dashed on Thursday when Deutsche Bank and Commerzbank ended their talks due to the risks of doing a deal, restructuring costs and capital demands.

For Sewing, the failure to clinch a deal has left the 49-year-old chief executive of Germany’s largest bank, who took over just over a year ago, with his back to the wall.

Credit ratings agency Standard & Poor’s, which downgraded Deutsche Bank last year, said on Friday that Deutsche Bank “will remain under strain”, adding that it “seems to have acknowledged the need to adjust its strategy”.

Under Sewing, a new leadership has tried to revive Deutsche Bank’s fortunes, but it has faced money laundering allegations and failed stress tests, as well as ratings downgrades.

At the heart of the debate over its future is whether it should focus its business on Germany and draw a line under its costly global ambitions to take on Wall Street’s big guns.

“MARKET PLAY”

Without a deal, Deutsche Bank now finds itself back at the mercy of equity and debt markets, with UBS analysts warning that in a “stress scenario” it could again “be forced into a ‘debt-driven capital increase’ even with solid capital ratios”.

“Deutsche remains a levered market play vulnerable to external events,” the UBS analysts said in a note.

Sewing, along with many analysts, believes Deutsche Bank can go it alone in the short-term, but will be counting on a turnaround in market conditions to do so in the long-run given its dependence on volatile investment bank earnings.

“To reach our return objective, we also need to see a revenue recovery in our more market-sensitive business,” Sewing said on Friday after reporting results.

“These revenues are available to us in better market conditions given our leading positions in many of these businesses, but we need to capture them,” he added.

Revenue at Deutsche Bank’s bond trading division fell 19 percent in the first quarter, it said on Friday, underscoring weakness at its investment bank.

If those earnings do not improve, Berlin’s desire to keep its biggest bank out of foreign hands may start to wane.

“Germany’s globally active companies need competitive financial institutions that can support them around the world,” German finance minister Olaf Scholz said on Thursday.

(Writing by Alexander Smith; Editing by Keith Weir)

Source: OANN

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Panama's former president Ricardo Martinelli yells to the media while arriving to the Electoral Court in Panama City
Panama’s former president Ricardo Martinelli reacts to the media while arriving to the Electoral Court in Panama City, Panama April 26, 2019. REUTERS/Erick Marciscano

April 26, 2019

PANAMA CITY (Reuters) – Panama’s electoral tribunal has ruled that former President Ricardo Martinelli, who is awaiting trial on wiretapping charges, cannot take part in elections on May 5 in which he was running for mayor of Panama City and a seat in Congress, a spokesman for Martinelli said on Friday.

“The ruling of the electoral tribunal has disqualified him as candidate,” said the spokesman, Eduardo Camacho, calling the court’s ruling a “political decision.”

Officials at the tribunal did not immediately confirm the ruling, which also was reported in local media in Panama.

Martinelli, a supermarket tycoon who ran the Central American country from 2009 to 2014, was extradited to Panama last June from the United States and charged with spying on 150 people, including politicians, union leaders and journalists.

A judge had previously cleared Martinelli to run for mayor of the capital. His critics vowed to appeal that decision.

(Reporting by Elida Moreno and Stefanie Eschenbacher; Editing by Bill Trott)

Source: OANN

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FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City
FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo

April 26, 2019

(Reuters) – Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape.

The e-commerce giant’s announcement on Thursday could cause other brands, manufacturers, retailers, and logistics companies to have to invest more aggressively to compete with Amazon and its delivery, analysts said.

Retailers in recent years have poured billions into ecommerce and faster shipping options and are trying to close the gap with Amazon.

“This is about making it more expensive to catch up and affirms our world view that only the largest and smartest will survive,” Bernstein analyst Brandon Fletcher said.

The move is expected to heighten consumer expectations on e-commerce delivery just like Amazon did with its two-day shipping option for members of its loyalty club Prime, noted analysts.

“The faster you ship, the more people buy,” RBC Capital Markets analyst Mark Mahaney said.

The challenge for non-Amazon players was that very few of the existing logistics and parcel delivery players now have the ability to do nationwide one-day delivery, Morgan Stanley analyst Brian Nowak said.

“And even fewer can do it at the vast scale and reasonable cost that AMZN would need for Prime delivery,” Nowak said in a note.

Walmart Inc’s shares fell about 3 percent, while Target Corp dropped about 5 percent in morning trade.

Shares of Kohl’s Corp, Macy’s Inc and Nordstrom Inc fell about 1 percent. Grocer Kroger Co was nearly 3 percent lower, while consumer electronics retailer Best Buy Inc dropped 2.1 percent.

(Reporting by Soundarya J and Akanksha Rana in Bengaluru; Editing by Maju Samuel)

Source: OANN

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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