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Oklahoma man stole Pepsi truck to look for girlfriend, police say

An Oklahoma man stole a Pepsi truck to look for his girlfriend earlier this week, authorities said.

Steven Hart, 45, is accused of stealing the truck around 8:30 a.m. Tuesday as the driver was unloading soda in the back, Tulsa police Officer Jeanne Pierce told the Tulsa World.

The driver jumped out of the back when he realized the vehicle was moving. A trail of soda spilled out as the truck drove off.

Both the driver and Hart's girlfriend called police to report the theft, with his girlfriend telling officers that Hart stole the truck to search for her, Pierce said, according to the newspaper.

WATCH: POLICE SAY MAN USED BIG-RIG AS A WEAPON

“The back of the truck was still open, and the lift was down,” Pierce said. “One officer said he was following the trail of soda.”

Hart drove around Tulsa, leading police on a brief pursuit, police said, according to the paper.

Police said that when they caught up to the truck stopped in traffic, Hart jumped out and started to run off. The suspect was arrested as the rig rolled into the back of a school bus. No children were aboard.

Police also said Hart told them he was trying to get to the airport after an argument with his girlfriend.

No one was hurt, police said.

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Hart was being held in lieu of a $26,000 bond on pending charges that include larceny and attempted escape from the county jail as he was being booked.

The Associated Press contributed to this report.

Source: Fox News National

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Italy relaxes law on shooting robbers in win for Salvini

FILE PHOTO: Deputy Prime Minister Matteo Salvini speaks in the upper house of the Italian parliament, in Rome
FILE PHOTO: Deputy Prime Minister Matteo Salvini speaks in the upper house of the Italian parliament, in Rome, Italy March 20, 2019. REUTERS/Yara Nardi/File Photo

March 28, 2019

By Gavin Jones

ROME (Reuters) – The Italian parliament on Thursday approved a law making it harder for judges to hand down tough sentences on people who shoot robbers on their premises.

The so-called “legitimate defense” law was a victory for Matteo Salvini, leader of the hard-right League party which formed a government last June with the anti-establishment 5-Star Movement.

Violent crime in Italy has declined in recent years, according to interior ministry data, with murders down 16.3 percent year-on-year in the 12 months to August 2018, and armed robbery down 12.3 percent.

However, Interior Minister and Deputy Prime Minister Salvini has kept the issue high on the political agenda, offering his public support to people prosecuted for shooting robbers.

“This is a wonderful day for Italians,” he told reporters after the bill was passed in the Senate following its approval in the Chamber of Deputies.

“Finally we are definitively guaranteeing the sacrosanct principle of legitimate defense for people who are attacked in their homes, their shops or their bars.”

By affirming that defense is always legitimate when people feel threatened by would-be robbers on their property, the legislation makes it harder for judges to pass tough sentences on those who shoot them.

Home-owners can no longer be accused of excessive violence if they can show that they shot burglars “in a state of grave confusion due to the situation of danger”.

The bill also increases prison sentences for burglary and armed robbery.

Center-left parties and some magistrates say the law will be difficult to interpret, will increase the use of firearms, and risks giving people the idea they can shoot intruders with impunity.

“Shooting people in the back will never be legitimate,” said Giulia Bongiorno, the League’s public administration minister, in an attempt to assuage these fears.

The League’s tough anti-immigration and law-and-order platform has helped it become Italy’s leading party, boosting its support to more than 30 percent, according to opinion polls, compared with the 17 percent it won at the March 2018 election.

Source: OANN

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John Walker Lindh, American ex-Taliban militant, obtained Irish citizenship thanks to his Irish grandmother

John Walker Lindh, a former American Taliban militant convicted in 2002 for supporting the terrorist organization and due to be freed in May, has obtained Irish citizenship in 2013 thanks to his family’s ancestry -- and he plans to live in the country when he leaves lockup.

The former Islamist fighter, named “Detainee 001 in the war on terror,” was arrested in 2001, just months after the Sept. 11 attacks and the start of the war in Afghanistan, along with a group of Taliban fighters who were captured by U.S. forces.

John Walker Lindh, a former American Taliban militant convicted in 2002 for supporting the terrorist organization and is due to be freed in May has obtained Irish citizenship in 2013 thanks to his family’s ancestry.

John Walker Lindh, a former American Taliban militant convicted in 2002 for supporting the terrorist organization and is due to be freed in May has obtained Irish citizenship in 2013 thanks to his family’s ancestry. (AP/Reuters)

Walker Lindh’s release has prompted security concerns, as he's expressed wishes to travel to Ireland while also not denouncing radical Islamic ideology, including allegedly making pro-ISIS comments to journalists.

JOHN WALKER LINDH, AMERICAN EX-TALIBAN FIGHTER, TO BE RELEASED IN MAY, HASN'T DENOUNCED ISLAMISM

Moving to Ireland became an option for Walker Lindh after he obtained citizenship there, while still in prison, sometime in 2013 thanks to his family’s lineage.

His paternal grandmother, Kathleen Maguire, was an Irish citizen born in 1929 in a northwestern Irish town, the Foreign Policy magazine reported.

The Irish citizenship law allows for anyone, within certain restrictions, to ask for citizenship if at least one of their grandparents was an Irish citizen born in Ireland.

OFFICIALS QUESTION CLAIM ISIS FIGHTERS CAPTURED IN SYRIA TIED TO KILLING OF 4 AMERICANS

Some previous reports indicated Frank Lindh, the convicted terrorist’s father, also holds Irish citizenship and urged his son to leave for Ireland after his release.

The National Counterterrorism Center penned a document dated Jan. 24, 2017 claiming Walker Lindh remains as radicalized now as he was in 2001.

“As of May 2016, John Walker Lindh (USPER) — who is scheduled to be released in May 2019 after being convicted of supporting the Taliban — continued to advocate for global jihad and to write and translate violent extremist texts,” the document said.

But despite that, the Irish government won’t follow the example of the British government -- which rescinded a Jihadi bride’s British citizenship -- and won’t stop Walker Lindh from entering the country.

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“Irish citizens are not subject to immigration control,” the spokesman for Ireland’s Department of Justice told the London Times. “Therefore, if a person has Irish citizenship and presents their Irish passport on arrival, they will not be refused entry to the state.”

Source: Fox News National

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AG Barr not legally required to release full Mueller report, Alan Dershowitz tells Sean Hannity

The Trump administration isn’t legally required to make public Special Counsel Robert Mueller's full report on his Russia investigation, Harvard Law professor Alan Dershowitz said during an appearance on Fox News' "Hannity" on Monday night.

As Democratic lawmakers pressure Attorney General William Barr to release the entire report without any redactions, Dershowitz used the “shoe on the other foot” test to demonstrate that the Trump administration doesn’t have to comply with the Democrats' demands.

'COMPLETELY POLITICAL': DERSHOWITZ SAYS 'NO LEGAL BASIS' FOR DEMS TO SUBPOENA FULL MUELLER REPORT

"There’s nothing in the regulations that require to reveal anything," Dershowitz said, "and the best test is the shoe on the other foot test. When we go back to [former FBI Director James] Comey’s statement, if Comey had said ‘We’re just not going to indict Hillary Clinton on the emails,’ and the Republicans said, ‘Wait a minute. We heard you have a report that said she was extremely careless. We want you to release that,’ the Democrats would have jumped up and down and said, ‘No, no, no. Prosecutors don’t say anything negative about people they haven’t indicted.' All they’re supposed to do is announce ‘no indictment.’

Alan Dershowitz

Alan Dershowitz

"Well, suddenly everything has changed," Dershowitz continued. "And it’s the Democrats who want to know why there wasn’t charges. They want to know what the split was between those who wanted to charge and not charge an obstruction of justice. The law does not authorize that to be released.”

Dershowitz said Barr can use his discretion when it comes to the release of the Mueller report, but “no court should order” him to release the entire thing. He also warned that innocent people can fall for “perjury traps.”

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“If an innocent person testifies truthfully and somebody else testifies the other way and if prosecutors choose to believe the other person, you’ve fallen into a perjury trap," Dershowitz said, "which is why I think the president was right not to testify to Mueller and why I think civil libertarians ought to be very concerned about exposing to criticism a one-sided report, which only saw one side of the story and didn’t result in indictments.

"That’s traditionally not done -- and at least the courts have to be asked to come in and decide what can be shown and what can’t that come from grand juries.”

Source: Fox News Politics

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'RUN!': NZ shooting victims recount horror, mourn the lost

They had walked that once innocuous stretch of sidewalk side-by-side so many times. Every Friday, Yasir Amin and his dad had ambled along the path toward the mosque where they prayed together in peace, a routine so serene and so ordinary that Amin was nearly blinded by confusion when the man drove up with the gun.

Amin and his father, Muhammad Amin Nasir, were just 200 meters from the Al Noor mosque on Friday when everything went wrong. They had no idea that a white supremacist had just slaughtered at least 41 people inside the mosque's hallowed halls, or that more people would be killed at a second mosque soon after. All they knew was that a car that had been driving by had suddenly stopped. And a man was leaning out the car's window, pointing a gun at them.

"RUN!" Amin screamed.

The bullets began to fly. The men began to run. But at 67, Nasir couldn't keep up with his 35-year-old son. And so he fell behind, by two or three fateful steps.

Amid the blasts, Amin turned to scream at his father to get down on the ground. But his father was already falling.

The gunman drove away. A pool of blood poured from Nasir's body.

"Daddy!" Amin screamed. "Daddy! DADDY!"

Amin had never seen anyone shot before. He left Pakistan for Christchurch five years ago, and was embraced by a multicultural city that felt like the safest place on earth. His father, who farms vegetables, wheat and rice back in Pakistan, also fell for the leafy green city at the bottom of the world.

And so Nasir began making routine visits to see his son, sometimes spending up to six months in New Zealand before returning to Pakistan to tend to his crops. Nasir had been in town only three weeks for his most recent visit when he was shot three times on the street of the city he had adopted as a second home.

From the ground, Nasir stared up at his son, unable to speak, tears running down his face. Amin ran to his car to grab his phone and called the police. Officers quickly arrived, and soon the father and son were in an ambulance racing to the hospital.

Nasir had always been more than just a dad to Amin. When Amin was just 6, his mother died, leaving Nasir to raise him along with his four siblings. Nasir became both a father and a mother, a reliable source of laughter with a huge heart. He embraced Amin's new community of New Zealand friends as if they were his own family. And in turn, the community embraced Nasir — so much so, that it initially confused him.

The elder man was baffled by the constant chipper greetings of "Hello!" he received whenever he dropped Amin's children off at school. Why do they keep saying that to me? he asked his son. Amused, Amin explained that the locals were simply trying to welcome him, their own version of the Arabic peace greeting, "As-Salaam-Alaikum."

Amin chuckled at the memory on Saturday, one day after he brought his father to the hospital. Nasir remains in an induced coma with critical injuries, though his condition has stabilized. The bullets pierced his shoulder, chest and back.

Like many other victims struggling to cope with the horrific events of Friday that left 49 dead, Amin made his way to Hagley College near the hospital. The college was serving as a community center for the grieving, and members of the public poured in with meals and drinks, doling out hugs and words of support to those in need.

Outside the college, Javed Dadabhai mourned for his gentle cousin, 35-year-old Junaid Mortara, who is believed to have died in the first mosque attack. As of Saturday, many families were still waiting to find out if their loved ones were alive.

"He's very punctual, so he would've been there at a dime. He would've been there at 1:30," Dadabhai said, a reference to the time of the attack, which began soon after.

His cousin was the breadwinner of the family, supporting his mother, his wife and their three children, ages 1 to 5. Mortara had inherited his father's convenience store, which was covered in flowers on Saturday.

Mortara was an avid cricket fan, and would always send a sparring text with relatives over cricket matches when Canterbury was facing Auckland.

"The sad thing is he was actually due to come up to Auckland next weekend for a family wedding," Dadabhai said. "We were due to have a catch-up. But I never knew a more shy, soft-spoken kind of person. ... As cousins, you'd kind of make fun of the fact when someone's so gentle like that, but he's leaving a huge void."

The long wait for information on the status of the dead was particularly painful because Muslim tradition calls for burials within 24 hours of a person's death.

Dadabhai said the community was trying to be patient, because they understood there was a crime scene involved. "But it's hard, because until that happens, the grieving process doesn't really begin," he said.

For some families, patience had worn thin by Saturday, and frustration erupted as they waited to find out the status of their relatives.

Ash Mohammed, 32, of Christchurch, pushed through a police barricade outside the Al Noor mosque Saturday morning, desperate for information, before police held him back.

"We just want to know if they are alive or dead," he could be heard telling an officer at the barricade.

In an interview later, Mohammed said he was desperate for information about his brothers, Farhaj Ashashan, 30, and Ramazvora Ashashan, 31, and his father, Asif Vora, 56, who were all at the mosque on Friday.

"We just want to know, are they alive or not alive so we can start the funerals," he said. "The hospital's not helping, cops not helping. Somebody has to help get the answers."

As Amin waited and worried over the fate of his father, he was also focused on trying to protect the youngest members of his family. He and his wife have so far tried to shield their children from hearing about the attack. But on Friday, Amin's wife briefly turned on the news and an image of an ambulance popped onto the screen. Their 5-year-old son immediately dove under a table, assuming there was an earthquake. Christchurch, no stranger to disaster, suffered a devastating quake in 2011 that left 185 dead.

Though his relatives back in Pakistan now fret that New Zealand is too dangerous, Amin believes Christchurch is the safest place in the world. And he hopes that his funny, fiercely loving father will pull through, so they can immerse themselves once again in the friendly hellos and the peaceful Friday prayers they have long cherished.

Like Amin, Farid Ahmed refuses to turn his back on his adopted home. Ahmed lost his 45-year-old wife, Husna Ahmed, in the Al Noor mosque attack, when they split up to go to the bathroom. The gunman livestreamed the massacre on the internet, and Ahmed later saw a video of his wife being shot dead. A police officer confirmed she had passed away.

Despite the horror, Ahmed — originally from Bangladesh — still considers New Zealand a great country.

"I believe that some people, purposely, they are trying to break down the harmony we have in New Zealand with the diversity," he said. "But they are not going to win. They are not going to win. We will be harmonious."

___

Associated Press videojournalist Haruka Nuga contributed to this report.

Source: Fox News World

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With ‘pop-ups’ and menswear, Vuitton aims to keep luxury crown

FILE PHOTO: Woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna
FILE PHOTO: A woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna, Austria October 4, 2018. REUTERS/Lisi Niesner

April 11, 2019

By Sarah White and Pascale Denis

PARIS (Reuters) – From New York’s Fifth Avenue to Paris’ Place Vendome, Louis Vuitton sells its handbags at some of the world’s swankiest locations – but the brand is increasingly betting on “pop-ups” in off-beat spots as one way to keep shoppers hooked.

The label, which drives the bulk of sales and profits at French luxury group LVMH, plans to hold 100 temporary events to sell its wares this year, up from 80 last year, the conglomerate’s financial director said on Thursday.

“This is the privileged way and the main way to drive innovation,” Jean-Jacques Guiony told analysts after the conglomerate posted a pick-up in first-quarter sales, beating analyst forecasts.

“This trend in pop-up stores is extremely important, and we will continue to develop that because it enables us to be talking in a different way to our clients … important and it adds flexibility with our network.”

Vuitton’s retail shake-up comes as luxury brands experiment with ways to attract younger shoppers, who are increasingly propelling sales growth in a sector that has long been notoriously rigid in its approach, and slow to move into selling online for instance.

At the lower-end of the fashion scale, high street labels like H&M are grappling with shifting shopping habits, albeit often taking a different tack, such as sprucing up cluttered stores with a more luxurious feel.

At Vuitton, recent “pop-ups” include one in London’s exclusive Mayfair neighborhood to highlight its menswear line, with a Wizard of Oz themed space featuring a yellow brick road staircase, and which shoppers had to book tickets to attend.

With revenues of over 10 billion euros ($11.27 billion), Louis Vuitton is the world’s biggest luxury brand by sales, with privately-owned Chanel clipping at its heels, and Kering’s star brand Gucci on a mission to overtake it.

In its bid to stay ahead, Vuitton has also invested in new designers, betting on Virgil Abloh, a DJ and founder of high-end streetwear label Off-White, to help jazz up its mens’ clothing lines.

LVMH, which is notoriously tight-lipped about Vuitton’s performance, said on Thursday that the sales’ growth rate in men’s and womenswear was at a “very, very high level” in the first quarter.

“It’s a small part of Vuitton’s total business but it creates a lot of buzz and is important to drive store traffic and to help Vuitton sell more accessories,” RBC Capital Markets analyst Rogerio Fujimori said of the men’s collections.

Clothing only represents around 5 percent of the brand’s sales, the brokerage estimates, with three quarters of revenues coming from high-margin handbags and luggage. ($1 = 0.8875 euros)

(Reporting by Sarah White and Pascale Denis)

Source: OANN

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Attacked newsroom: Pulitzer commemorated with somber silence

Capital Gazette staff members stayed silent and somberly exchanged hugs Monday when the Maryland newspaper won a special Pulitzer Prize citation for its coverage and courage in the face of a massacre in its newsroom.

Before the announcement, newspaper employees gathered in their newsroom to toast the five staffers who were shot and killed last June in one of the deadliest attacks on journalists in U.S. history.

"It's definitely bittersweet," said reporter Chase Cook. "Since it's so connected to something so tragic, there was no euphoric pop-off of excitement."

The Capital Gazette, based in the Maryland state capital of Annapolis, published on schedule the day after the shooting attack. The man charged in the attack had a longstanding grudge against the newspaper.

Capital Gazette editor Rick Hutzell said the paper had submitted entries in five categories, including a joint entry with The Baltimore Sun for breaking news. Although the Capital Gazette didn't win in any of the five categories, the Pulitzer board awarded the citation with an extraordinary $100,000 grant to further its journalism.

The Pulitzer board said the citation honors the journalists, staff and editorial board of the newspaper "for their courageous response to the largest killing of journalists in U.S. history in their newsroom" and for an "unflagging commitment to covering the news and serving their community at a time of unspeakable grief."

Hutzell said he thought the Pulitzer board handled its decision admirably.

"Clearly, there were a lot of mixed feelings," Hutzell said. "No one wants to win an award for something that kills five of your friends."

He also said the paper was aware it would be facing stiff competition.

"It's very difficult when you are reporting in some ways on yourself," he said. "That's not what we do. We're behind the camera, not in front of it."

Employees John McNamara, Wendi Winters, Rebecca Smith, Gerald Fischman and Rob Hiaasen were killed in the attack last June 28 . The shooting didn't stop other staffers from covering it and putting out a newspaper the next day, with assistance from colleagues at The Baltimore Sun, which is owned by the same company.

Joshua McKerrow, a photographer for the newspaper, said the staff remained "stone silent" for about a minute after learning about the citation. Capital Gazette reporter Rachael Pacella said the citation provided a "big sense of validation for the staff."

"It's been a challenge returning to work," she said. "It lets you know that the additional stress you've endured going back to work has been worth it and appreciated."

Features reporter Selene San Felice said she had to compose herself in a bathroom before the prizes were announced. She initially wasn't sure how to react to the special citation.

"At first, I thought that meant they just feel bad for us. And that's not true, because there are a lot of people you can feel bad for right now. We've really earned this," she said.

Jarrod Ramos, the man charged in the newsroom shooting, had a history of harassing the newspaper's journalists. He filed a lawsuit against the paper in 2012, alleging he was defamed in an article about his conviction in a criminal harassment case in 2011. The suit was dismissed as groundless.

The rampage last June began with a shotgun blast that shattered the glass entrance to the open newsroom. Journalists crawled under desks and sought other hiding places, describing agonizing minutes of terror as they heard the gunman's footsteps and repeated blasts of the weapon. County police said they captured Ramos hiding under a desk. Authorities say he did not exchange fire with police.

Ramos' trial is scheduled to start in November. He pleaded not guilty last year to first-degree murder charges. April 29 is the deadline for attorneys to change his plea to not criminally responsible by reason of insanity.

In October, the National Press Foundation announced that Hutzell won the Benjamin C. Bradlee Editor of the Year Award . The award was established in 1984 to recognize imagination, professional skill, ethics and an ability to motivate staff.

In December, the newspaper's staff was included by Time magazine among its 2018 Person of the Year honorees.

Source: Fox News National

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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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