Upcoming shows
Real News

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

California woman, 74, receives $150G in back child support — 50 years after divorce

A 74-year-old woman in Carlsbad, California, was reportedly awarded $150,000 in a child support settlement Wednesday -- 50 years after her ex-husband left the country and left her to raise their young daughter on her own.

Toni Anderson split from her husband, Don Lenhert, in 1968 after just two years of marriage. During their divorce proceedings, a judge ordered Lenhert to pay child support for the care of the couple’s 3-year-old daughter, Lane. Instead, he skipped town.

“The first check bounced, and then he went off to Canada with his girlfriend and had two more kids. He completely disappeared,” Anderson told FOX5 San Diego.

ANNA FARIS RELUCTANT TO EVER GET MARRIED AGAIN AFTER CHRIS PRATT DIVORCE

Starting Jan. 1, 1971, Lenhert was supposed to pay $210 a month for the first two and half years and then $160 until Lane’s 18th birthday, reported CNN.

Lenhert would have owed $35,000 total in child support if he had paid as ordered, but, with more than four decades worth of interest and penalties, he now owes Anderson roughly $160,000, lawyers on both sides told NBC News. In a settlement Wednesday, Lenhert agreed to pay Anderson $150,000 over the next two years.

"I realized in the middle of the night one night last year, 'Hey, there's no statute of limitations on child support,'" Anderson told 10 News, adding she “put it on the back burner and just kind of forgot about it over the years” while working as an interior designer to make ends meet as a single parent.

"I'm not negating the fact I was able to send my daughter to college, Paris. We traveled and had a good time. But the money runs out," Anderson told 10 News.

When she got word her ex-husband might have moved back to the U.S. last year, the 74-year-old took her 1970 court order for child support to the San Diego County Child Support Services office, where federal tax records confirmed Lenhert was residing in Oregon, Anderson’s lawyer told NBC News.

A now 53-year-old Lane Lenhert, who runs the same Los Angeles-based interior design firm her mother retired from, said there are lasting effects of her father skipping out on child support.

"Not having a mother around because she was so busy working, you can't put a price on a lost childhood. There's no amount of money that can replace it,” Lane said.

Anderson’s ex-husband appeared in court last week instead of letting lawyers handle the matter. According to Anderson, Lenhert came to ask for her forgiveness.

“It was just a big-time closure for both of us,” Anderson told NBC News. “The forgiveness was big on both of our parts.”

“I was glad to pay Ms. Anderson the child support that was owed and I wish her only the best in the future," Lenhart said in a statement released by his lawyer. "I hired a private investigator to locate her so I could offer her payment. I am pleased we were able to reach an agreement.”

CLICK HERE TO GET THE FOX NEWS APP

Anderson said she hopes this case inspires parents going through similar situations to go after the money that is owed to them.

"I don't think enough women get this. And I think they're afraid," Anderson told 10 News.

Source: Fox News National

0 0

Boeing 737 Max 8s under scrutiny after Ethiopia crash

Airlines in Ethiopia, China, Indonesia and elsewhere grounded the Boeing 737 Max 8 jetliner Monday after the second devastating crash of one of the planes in five months. But Boeing said it had no reason to pull the popular aircraft from the skies.

As the East African country mourned the 157 victims of the Ethiopian Airlines plane that went down in clear weather shortly after takeoff Sunday, investigators found the jetliner's two flight recorders at the crash site outside the capital of Addis Ababa.

An airline official, however, said one of the recorders was partially damaged and "we will see what we can retrieve from it." The official spoke on condition of anonymity for lack of authorization to speak to the media.

Ethiopian authorities are leading the investigation into the crash, assisted by the U.S., Kenya and others.

The crash was similar to that of a Lion Air jet of the same model in Indonesian seas last year, killing 189 people. The crash was likely to renew questions about the 737 Max 8, the newest version of Boeing's single-aisle airliner, which was first introduced in 1967 and has become the world's most common passenger jet.

Safety experts cautioned against drawing too many comparisons between the two crashes until more is known. Besides the groundings by airlines in Ethiopia, China and Indonesia, Caribbean carrier Cayman Airways, Comair in South Africa and Royal Air Maroc in Morocco temporarily grounded their Max 8s.

Ethiopian Airlines decided to ground its remaining four 737 Max 8s until further notice as "an extra safety precaution," spokesman Asrat Begashaw said. The carrier had been using five of the planes and awaiting delivery of 25 more.

But Chicago-based Boeing said it did not intend to issue any new recommendations about the aircraft to its customers. It plans to send a technical team to the crash site to help investigators and issued a statement saying it was "deeply saddened to learn of the passing of the passengers and crew" on the jetliner.

Among the airlines still using the plane are Southwest, American and Air Canada.

It's unusual for authorities to take the step of grounding planes, and it's up to each country to set standards on which planes can fly and how those planes are maintained, said Todd Curtis, an aviation safety analyst who directs the Airsafe.com Foundation.

"If there is a suspicion ... that there's not only something inherently wrong with 737 Max 8 aircraft, but there are no procedures in place to cure the problem, then yes, they should either ground the plane, or there are several levels of things they could do," Curtis said.

People from 35 countries died in the crash six minutes after takeoff from Ethiopia's capital for Nairobi. Ethiopian Airlines said the senior pilot issued a distress call and was told to return but all contact was lost shortly afterward. The plane plowed into the ground at Hejere near Bishoftu, scattering debris.

"I heard this big noise," resident Tsegaye Reta told the AP. "The villagers said that it was a plane crash, and we rushed to the site. There was a huge smoke that we couldn't even see the plane. The parts of the plane were falling apart."

Kenya lost 32 people, more than any country. Relatives of 25 of the victims had been contacted, Transport Minister James Macharia said, and taking care of their welfare was of utmost importance.

"Some of them, as you know, they are very distressed," he said. "They are in shock like we are. They are grieving."

In Addis Ababa, members of an association of Ethiopian airline pilots wept uncontrollably for their dead colleagues. Framed photos of seven crew members sat in chairs at the front of a crowded room.

The flight's main pilot, Yared Getachew, issued a distress call shortly after takeoff and was told to return, but all contact was lost.

Canada, Ethiopia, the U.S., China, Italy, France, Britain, Egypt, Germany, India and Slovakia all lost four or more citizens.

At least 21 staff members from the United Nations were killed in the crash, said U.N. Secretary-General Antonio Guterres, who led a moment of silence at a meeting where he said "a global tragedy has hit close to home."

Both Addis Ababa and Nairobi are major hubs for humanitarian workers, and some had been on their way to a large U.N. environmental conference set to begin Monday in Nairobi. The U.N. flag at the event flew at half-staff.

The crash shattered more than two years of relative calm in Africa, where travel had long been chaotic. It also was a serious blow to Ethiopian Airlines, which has expanded to become the continent's largest and best-managed carrier and turned Addis Ababa into the gateway to Africa.

The state-owned carrier has a good reputation and the company's CEO told reporters no problems were seen before Sunday's fight. But investigators also will look into the plane's maintenance, which may have been an issue in the Lion Air crash.

The plane was delivered to Ethiopian Airlines in November. The jet's last maintenance was on Feb. 4, and it had flown just 1,200 hours.

China's Civil Aviation Administration said that it ordered airlines to ground all 737 Max 8 aircraft as of 6 p.m. (1000 GMT) Monday, in line with the principle of "zero tolerance for security risks."

It said it would issue further notices after consulting with the U.S. Federal Aviation Administration and Boeing.

China Southern Airlines is one of Boeing's biggest customers for the aircraft.

Comair, the operator of British Airways and Kulula flights in South Africa, said it has grounded its Boeing 737 Max 8 while it consults with Boeing, other operators and technical experts. The statement did not say how many planes are affected. Wrenelle Stander, executive director of Comair's airline division, said that Comair "remains confident in the inherent safety of the aircraft."

An official with Royal Air Maroc said the carrier in Morocco has halted the commercial use of its sole operational model, pending tests and examinations. The official, who spoke on condition of anonymity in line with departmental rules, said the plane was scheduled to fly on Monday from Casablanca to London but was replaced.

The 737 is the best-selling airliner in history, and the Max, the newest version of it with more fuel-efficient engines, is a central part of Boeing's strategy to compete with European rival Airbus.

"Safety is our No. 1 priority and we are taking every measure to fully understand all aspects of this accident, working closely with the investigating team and all regulatory authorities involved," Boeing said in a statement.

Boeing's stock fell 7 percent to $391.80 in afternoon trading.

___

Meseret reported from Addis Ababa. Associated Press writer Niniek Karmini in Jakarta, Indonesia, Edith M. Lederer at the United Nations and AP Airlines Writer David Koenig in Dallas, Texas, contributed.

___

Follow Africa news at https://twitter.com/AP_Africa

Source: Fox News World

0 0

UK PM May will bring Brexit deal back if circumstances right -spokesman

British Prime Minister Theresa May speaks ahead of a vote on Brexit in Parliament in London
British Prime Minister Theresa May speaks ahead of a vote on Brexit in Parliament in London, Britain, March 13, 2019, in this screen grab taken from video. Reuters TV via REUTERS

March 14, 2019

LONDON (Reuters) – British Prime Minister Theresa May will bring back her twice-defeated Brexit deal for another vote in parliament if the government judges the circumstances are right, her spokesman said on Thursday.

On Wednesday, Britain’s lawmakers rejected leaving the EU without a deal, further weakening May and paving the way for a vote that could delay Brexit until at least the end of June.

“If it was felt that it were worthwhile to bring back a new vote, then that’s what we would do. But that’s a decision we would have to judge on circumstances at the time,” the spokesman said.

“In terms of bringing back a vote, as ever you are guided by the fact that you would need to carry sufficient numbers of MPs (members of parliament),” he said, adding that the vote later on Thursday would be a free one to allow lawmakers to vote according to their beliefs rather than along party lines.

(Reporting by Elizabeth Piper, Writing by Paul Sandle; editing by Stephen Addison)

Source: OANN

0 0

London street preacher arrested in viral video: 'Don't take my Bible!'

A street preacher outside a London subway station was arrested in a viral video for "breach of peace," "disturbing people's days," and accused of racism and "Islamophobia," according to officers caught on camera and a bystander.

"A Christian preacher this afternoon was arrested at Southgate station London N14 for preaching about Jesus," Eye on Antisemitism, a UK-based group that reports Anti-semitic incidents, wrote on Twitter about an incident that occurred Saturday.

PORN STAR-TURNED-PASTOR SAYS SHE WANTS 'EVERYONE TO EXPERIENCE THE LOVE OF GOD'

"I can be arrested if you want," the street preacher of African origin said at the beginning of the video. "I will not go away because I need to tell them the truth because Jesus is the only way, the truth, and the life."

"I appreciate that, but nobody wants to listen to that," the officer said. "They want you to go away."

Two officers then handcuffed the man as he protested: "No, no, no. Don't take my Bible!"

One of the officers reportedly replied: "You should have thought about that before being racist."

'WHEN GOD BECOMES REAL': BETHEL PASTOR OPENS UP AFTER BEING HOSPITALIZED FOR NERVOUS BREAKDOWN

Ambrosine Shitrit, the founder of Eye on Antisemitism, who recorded the video, said there was nobody upset or interested in the preacher, but added that when the preacher asked the police why he was being arrested, they allegedly replied: "For Islamophobia."

"There was no racism prior to that. There was no racism after that. There was no Islamophobia," Shitrit said.

A Metropolitan Police spokesman told the Daily Mail the preacher was later released without charge.

CLICK HERE TO GET THE FOX NEWS APP

"Police were called to Southgate Underground Station at 1.52pm on Saturday, 23rd February in response to concerns raised about a man's behavior. An arrest was made to prevent a breach of the peace. The man was then de-arrested and no further action was necessary."

A legal team at Christian Concern, who has represented street preachers before, say they are working with the preacher, identified as Preacher Olu.

"After being unnecessarily arrested, he was dropped off in an unfamiliar suburb without enough money to get home," Christian Concern wrote. "Thankfully a kind member of the public gave him some money, but what did the preacher do next? He went straight back to Southgate tube station and continued to preach the gospel of Jesus Christ that same evening."

Church of England priest, Father Matthew Cashmore, called the arrest "deeply, deeply concerning" and said the officers should be "ashamed of themselves."

'THE SEND' MARKS START OF 'GREATEST JESUS MOVEMENT,' OVER 40,000 CHRISTIANS GATHER, COMMIT TO MISSIONS

"The way his Bible was removed is horrendous," Cashmore said.

Source: Fox News World

0 0

Arkansas woman wins $150G Powerball prize a month after losing home: 'He's an on-time God'

An Arkansas woman held onto one thing after she lost her home to a fire last month: "the faith of a mustard seed."

And on Wednesday, LeAndra Clay of West Helena, saw her faith pay off -- big time. She won $150,000 playing Powerball last week.

NICU NURSES DONATE MEGA MILLIONS WINNINGS TO COLLEAGUES IN NEED

Clay found out she was a winner Monday night but couldn't double check it until Tuesday because the shed she was staying in doesn't have electricity.

Her first thought after realizing she would receive the large sum of money was: "He's an on-time God."

CHRISTIAN EX-USC PLAYER SAYS TEAMMATES RIPPED UP BIBLES HE GIFTED THEM

“I don’t have much family left and kept telling my friends that I have the faith of a mustard seed," she told the Arkansas Scholarship Lottery. "I knew that God would bless me soon."

Clay plans on tithing her winnings to her church and using the remaining money to purchase a house and car.

IDAHO TEEN DONATES $7G AFTER HE MAKES $35,000 IN FOUR DAYS PLOWING SNOW IN SEATTLE: 'ALL GLORY TO GOD!'

She purchased the ticket for the March 23 drawing. She won the Powerball drawing, but because she paid an additional dollar for the Power Play, her $50,000 prize was multiplied by three.

CLICK HERE FOR THE FOX NEWS APP

The $768 million Powerball jackpot ticket was sold in Wisconsin. The jackpot was the third largest in U.S. history.

Source: Fox News National

0 0

GOP: Dems won’t hold bipartisan hearing for Fairfax accusers

House Republicans said Tuesday that they tried and failed to broker a deal with Democrats that would allow for a bipartisan public hearing in which two women who accuse Virginia Lt. Gov. Justin Fairfax of sexual assault could testify under oath.

Republican Speaker Kirk Cox issued a statement blaming Democrats for refusing to participate in what he said would be a bipartisan hearing, effectively blocking any hearing from taking place.

"There should be no mistake about what has happened here: the alleged victims are seeking a bipartisan hearing; Republicans are seeking a bipartisan hearing; Democrats in the House of Delegates are refusing to allow that to happen," Cox said.

Vanessa Tyson and Meredith Watson leveled their accusations against Fairfax in February. Tyson says Fairfax forced her to perform oral sex in 2004. Watson says Fairfax raped her in 2000 when both were students at Duke University.

Their allegations have received new attention after televised interviews this week with CBS News in which they tearfully described their experiences.

Fairfax, a Democrat, has said his encounters with both women were consensual and says he took a polygraph test that determined he's telling the truth.

Both women have said they want to testify in front of the General Assembly. Cox, in his statement, said Republicans have reached out to both women and they are willing to share their stories at a legislative hearing, but only if there is bipartisan cooperation to conduct the hearing.

Cox released a letter he received from House Minority Leader Eileen Filler-Corn in which she rejected Republicans' overtures for a joint hearing.

"Law enforcement officials are best equipped to investigate these matters, and we certainly would not want to harm their inquiries or deny due process to either the complainants or the Lieutenant Governor by conducting a hearing that could easily be exploited for political purposes," she wrote.

She also noted that the House Democratic Caucus has called for Fairfax's resignation.

Fairfax has also said a law enforcement investigation is the better path.

"My accusers have not filed criminal charges and they have not sued me," Fairfax said in a written statement provided Monday to the AP. "Instead, we see escalating media appearances and stated desire for a political process that is unprecedented in Virginia and could not be designed to get at the truth. Such a process would instead be a media circus used for partisan and political purposes."

Cox's statement came a few hours after "CBS This Morning" aired a tearful interview with Watson in which she said she had been friends with him for more than a year before he locked her in a room and raped her.

"I completely trusted him," she said. "It was a huge betrayal. He was my friend. I don't understand how you do that to someone that you've been a friend to."

She rejected Fairfax's claim the sex was consensual, saying Fairfax held her down during the attack. "If you have to hold someone down, it's not consensual," she said.

The Associated Press typically does not identify people who say they were sexually assaulted, but Tyson and Watson stepped forward voluntarily and have expressed a desire to testify in public.

The women leveled their allegations against Fairfax at a moment when he seemed poised to ascend to the governor's post. Virginia Gov. Ralph Northam was facing numerous calls to resign after a racist photo showing a person in blackface and another in a Ku Klux Klan costume was found on his medical school yearbook page.

Then, the next in line after Fairfax, Attorney General Mark Herring, acknowledged that he appeared in a photo wearing blackface as a student at the University of Virginia, and the prospect of all three statewide officeholders leaving and handing power to Republicans cooled demands for their resignations. Northam, Fairfax and Herring, all Democrats, have remained in office and at the head of their party ahead of November elections in which Democrats hope to gain control of the state Legislature.

Source: Fox News National

0 0

Targeted tests having an impact in esports, says Verroken

FILE PHOTO: Michele Verroken, founding director of Sporting Integrity sports business consultancy smiles during a discussion on doping in football at the Soccerex Global Convention in Manchester, Britain
FILE PHOTO: Michele Verroken, founding director of Sporting Integrity sports business consultancy smiles during a discussion on doping in football at the Soccerex Global Convention in Manchester, Britain September 5, 2017. REUTERS/Phil Noble

April 17, 2019

By Alan Baldwin

LONDON (Reuters) – Targeted testing of esports competitors is leading to a rethink about drug cheating in online gaming and which stimulants are more widespread, according to anti-doping expert Michele Verroken.

The former head of anti-doping at UK Sport, Verroken now runs the Sporting Integrity consultancy and carries out tests at a number of tournaments for the Esports Integrity Coalition (ESIC).

Adderall, a prescription amphetamine used to treat attention deficit hyperactivity disorder (ADHD), has long been a concern since a gamer in the United States claimed in 2015 that it was the drug of choice.

In an interview with Reuters at an anti-doping conference organized by the Partnership for Clean Competition (PCC), Verroken suggested however that test results and player surveys indicated changing attitudes.

“The trend is to say ‘yes, we thought that Adderall was the problem but actually we’re beginning to now think that the testing has had an impact and people who might have been considering it are not doing it’,” she said.

“Now the players are saying we’re not so sure. We think you should be aware more about marijuana use as well.”

Marijuana, usually classified as a recreational drug, can be performance-enhancing in esports if it helps a player relax in a stressful quick-fire environment where being too tense is a disadvantage.

Adderall, sometimes referred to as the ‘Study Drug’ because of student misuse, also has properties that keep the user calm, awake and energized.

Verroken carries out oral fluid tests, rather than urine as in traditional sports, targeting those stimulants that gamers are most concerned about.

“We asked the players what they thought should be on their prohibited list and they told us,” she said. “Those drugs are easily tested orally, and in a much cheaper way.”

Doping, along with match fixing and betting fraud, are ESIC’s main area of concern as competitive gaming, with multiple players performing in live-streamed matches, becomes ever bigger.

Esports now has its own star performers and leagues with tournaments that sell out stadiums and offer prizes worth millions of dollars, with online audiences also in the several millions.

Verroken’s tournaments include popular games League of Legends, Counter-Strike and Star Craft.

WILD WEST

David Howman, the former head of World Anti-Doping Agency (WADA), described esports at the conference as ‘The Wild West’ — a young world lacking a uniform anti-doping policy and governance.

The South Korea-based International esports federation (IESF) is an official signatory of WADA but ESIC has said the anti-doping agency’s ‘one size fits all’ approach to banned drugs is inappropriate for esports.

Verroken, who has now conducted more than 300 tests on players and coaches, said she had yet to sanction anyone but was in discussion with a team about “what looks like party drugs. MDMA at a very low level.

“We call them in, talk to the team, say this is your warning — next time you are going to be targeted. And when I say targeting, I mean targeting,” she added.

Welfare issues are meanwhile coming more to the fore with increasing concern about screen time and the health of players, often youngsters, spending hours in darkened arenas or in front of computers.

But at a time when athletes in conventional sports are seeking a far greater say in the decision-making processes, Verroken said esports was encouraging active engagement and doing things differently.

“I ran the UK anti-doping program, but it just didn’t seem to have the right structure to me. And now I work with esports where there’s huge engagement with the players. It really is good,” she said.

“If they think somebody’s cheating, it will be on social media. They are not going to be afraid.”

(Reporting by Alan Baldwin, editing by Pritha Sarkar)

Source: OANN

NOW ON AIR
Now On Air

Real News with David Knight

9:00 am 12:00 pm



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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
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

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist