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Secret Service under fire after agent testifies agency inserted malicious thumb drive into computer

The Secret Service is under fire after one of its members testified a fellow agent inserted a malicious thumb drive, found in the possession of a Chinese woman arrested at President Trump's Mar-a-Lago club last month, into an agency computer -- that then began installing unwanted files.

Monday's revelation about the embattled protection unit came the same day its director, Randolph "Tex" Alles, was reported to have been ousted as part of a larger shakeup at the Department of Homeland Security, the government arm to which the Secret Service reports.

Alles departure reportedly was not related to the March 30 incident at Mar-a-Lago in which Yujing Zhang, 32, was arrested and charged with unlawfully entering a restricted area and making false statements to federal law enforcement officers. Prosecutors said she isn’t accused of spying at this time, but noted there are "a lot of questions that remain to be answered."

WOMAN ARRESTED AT MAR-A-LAGO HAD CASH, SIGNAL DETECTOR IN HOTEL ROOM, PROSECUTORS SAY

She had $8,000 in U.S. and Chinese currency in her hotel room in addition to a signal detector meant to spot hidden cameras, a federal prosecutor in Florida said Monday. Zhang also had in her possession four cellphones, an external hard drive and a thumb drive with computer malware loaded into it.

The malicious thumb drive proved to be a particularly troubling piece of evidence.

Secret Service agent Samuel Ivanovich testified in court that another agent inserted the thumb drive into his computer in an effort to analyze it, prompting the drive to install files without the agent's consent and corrupt other files on the computer.

Yujing Zhang being led into federal court in West Palm Beach, Fla., on Monday.

Yujing Zhang being led into federal court in West Palm Beach, Fla., on Monday. (William Hennessy Jr. / CourtroomArt.com)

“That was something that had never happened before," Ivanovich told the judge, adding the agent, who was not identified, then shut down the computer to avoid further damage.

Security experts scolded the Secret Service for failing to follow one of the first rules of cybersecurity.

“Sounds like an agent trying to crack the case before the cyber team got there,” Eric O’Neill, a former FBI surveillance expert, tweeted.

SECRET SERVICE DIRECTOR TO STEP DOWN ON HEELS OF NIELSEN RESIGNATION

“You don’t put an unknown USB into your computer,” Chris Wysopal, chief technology officer at Veracode, told the Daily Beast. “That’s in all the training everyone gets, even in your dumb corporate training. You even tell your mom that.”

“You don’t put an unknown USB into your computer. That’s in all the training everyone gets, even in your dumb corporate training. You even tell your mom that.”

— Chris Wysopal, chief technology officer at Veracode

The Secret Service declined to comment to Fox News on Tuesday morning, citing the ongoing investigation.

But a source with knowledge of the investigation told Fox News that the court testimony did not accurately reflect the incident.

The source said the thumb drive’s forensic analysis was conducted on a standalone computer in accordance with protocol and added the Secret Service's network was never at risk of malware introduction, as the computer wasn’t connected to the network.

But some experts questioned this explanation, noting there would have been no reason to stop the spread of malware by shutting down the computer if the drive had been analyzed in accordance with protocol. Instead, letting the malware continue to spread on the standalone computer would have allowed analysts to gather more information about it.

Zhang is currently being held until her bond hearing resumes April 15 in West Palm Beach federal court. Prosecutors said the woman would present a "serious risk of flight" if she was released.

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Officials say Zhang approached a checkpoint at Mar-a-Lago and told a Secret Service agent she wanted to use the pool, even though she was not wearing a bathing suit. She was carrying two Chinese passports, which she showed as identification.

Fox News' John Roberts contributed to this report.

Fox News' Samuel Chamberlain, John Roberts and Ivonne Amor and the Associated Press contributed to this report.

Source: Fox News National

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Tripoli forces push opponents back slightly south of Libyan capital-witnesses

Members of the Libyan internationally recognised government forces take position during the fighting with the Eastern forces in Ain Zara, in Tripoli
Members of the Libyan internationally recognised government forces take position during the fighting with the Eastern forces in Ain Zara, in Tripoli, Libya April 21, 2019. REUTERS/Ahmed Jadallah

April 21, 2019

By Hani Amara and Ulf Laessing

TRIPOLI (Reuters) – Forces loyal to Libya’s internationally recognized government have pushed their eastern opponents back on parts of the frontline south of Tripoli, despite the attackers flying overnight air strikes on the capital, witnesses said on Sunday.

The Libyan National Army (LNA) force loyal to commander Khalifa Haftar allied to a parallel government in the east started an offensive more two weeks ago but has been unable to breach the southern defenses of the Tripoli government.

The latest flare-up in the cycle of anarchy gripping Libya since dictator Muammar Gaddafi was toppled in 2011 threatens to disrupt oil flows, foment migration across the Mediterranean Sea to Europe, and allow jihadists to exploit the chaos.

Forces loyal to Tripoli managed to push back the LNA several km (miles) in the southern Ain Zara suburb, Reuters reporters visiting the area said. They managed to go several km further south than when they visited the same frontline a few days ago.

Still, if a ceasefire was called as demanded by the United Nations, the LNA would have gained a considerable amount of territory, as they still control much of the area south of Tripoli including a forward base in Gharyan, a mountainous town some 80 km south of Tripoli.

LNA spokesman Ahmed Mismari denied his forces had retreated, telling reporters they had actual gained territory after what he called a successful air strike.

The attackers had late on Saturday flown air strikes on southern areas of Tripoli, with residents blaming drones after listening for almost an hour the typical summing of an unmanned aircraft.

Reuters was unable to confirm whether an aircraft or unmanned drone was behind the strike which triggered heavy anti aircraft fire. Explosions heard in the city center this time were louder than in previous days.

If a drone strike was confirmed this would point to more sophisticated warfare. The LNA has so far mainly used aging Soviet-made jets from the air force of Gaddafi, lacking precision firepower and helicopters, according to residents and military sources.

In the past the United Arab Emirates and Egypt have supported Haftar with air strikes during campaigns to take eastern Libya. Both countries flew air strikes on Tripoli in 2014 during a different conflict to help a Haftar-allied force, U.S. officials said at the time.

Since 2014 the UAE and Egypt have also provided the LNA with military equipment such as aircraft and helicopters, helping Haftar to gain the upper hand in Libya’s eight-year conflict, past U.N. reports have established.

The UAE even built an air base in Al Khadim in eastern Libya, one such report said in 2017.

Fighting over Tripoli spiked after the White House said on Friday that President Donald Trump spoke to Haftar on Monday.

The disclosure of the call and a U.S. statement that it “recognized Field Marshal Haftar’s significant role in fighting terrorism and securing Libya’s oil resources” has boosted the commander’s supporters and enraged his opponents.

Western powers and the Gulf have been divided over a push by Haftar’s forces to seize Tripoli, undermining calls by the United Nations for a ceasefire. On Thursday, both the United States and Russia said they could not support a U.N. Security Council resolution calling for a Libya ceasefire at this time.

(Writing by Ulf Laessing, Editing by William Maclean)

Source: OANN

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Fox News Exclusive: Trump doesn’t think Biden will be able to ‘do the job’

Good morning and welcome to Fox News First. Here's a look at what you need to know today ...

EXCLUSIVE: Trump says 'Sleepy Joe' Biden doesn't have what it takes


President Trump, in a wide-ranging, exclusive phone interview with Fox News' Sean Hannity, dismissed the launch of former Vice President Joe Biden's presidential campaign, nicknaming him "Sleepy Joe" and saying he’s "not the brightest bulb." Biden, the president said, has name recognition but he won't "be able to do the job." When asked about Sen. Bernie Sanders, I-Vt., Trump criticized his record, saying Sanders had "misguided energy" and asserted that Sanders "talks a lot" but hasn't accomplished anything. The president referred to former U.S. Rep. Beto O'Rourke of Texas as "a fluke" who had lost much momentum and outright dismissed Sen. Kamala Harris, D-Calif., and South Bend, Ind., Mayor Pete Buttigieg -- although he said he was "rooting" for Buttigieg. (Trump could address Biden and the other Democratic presidential candidates when he speaks today before the National Rifle Association.)

The Democratic Party's youth movement: Biden's biggest challenge?
Former Democratic National Committee (DNC) chair Howard Dean warned Joe Biden about the troubles he may face in his presidential campaign, especially from the “35-year-olds” who Dean says have been running the party -- a clear nod to Rep. Alexandria Ocasio-Cortez, D-N.Y., and fellow freshmen Democrats. “This is a very different party than even the party Joe Biden ran in in 2012. Very different,” Dean continued. “A lot of people could win this race. There’s 20 people in there. I think it’s going to take $20 million to get to the starting line. If you can’t raise $20 million, you’re gone, and I think that’s going to take care of about six or eight of these folks. ... But it is not the same party that it was five years ago.” A progressive political group that boosted Ocasio-Cortez's bid for Congress last year vowed to oppose Biden and blasted him as part of the “old guard.”

More tales from the FBI texts
Text messages between former FBI officials Peter Strzok and Lisa Page indicate they discussed using briefings to the Trump team after the 2016 election to identify people they could "develop for potential relationships," track lines of questioning and "assess" changes in "demeanor" – language one GOP lawmaker called “more evidence” of irregular conduct in the original Russia probe. Fox News has learned the texts, initially released in 2018 by a Senate committee, are under renewed scrutiny, with GOP Sen. Chuck Grassley and Homeland Security Committee chair Ron Johnson sending a letter Thursday night to Attorney General Bill Barr pushing for more information on the matter. President Trump, speaking on Fox News' "Hannity" Thursday night, responded to this report by accusing Strzok and Page of an attempted "coup." "They were trying to infiltrate the administration," he said.

Kim accuses US of acting in 'bad faith'
North Korean leader Kim Jong Un, fresh off his summit with  Russian President Vladimir Putin, said the U.S. has been acting in “bad faith” since his Hanoi meeting with President Trump over the stalemated issue of North Korean denuclearization. The North Korean leader told the Korean Central News Agency that, "the situation on the Korean Peninsula and the region is now at a standstill and has reached a critical point," the Straits Times of Singapore reported. Kim warned that the situation "may return to its original state as the U.S. took a unilateral attitude in bad faith at the recent second DPRK-US summit talks," the Korean Central News Agency added.

NFL Draft 2019: It's all about defense
The first round of the 2019 NFL Draft saw a run on defensive players, with eight of the top 12 picks in Nashville coming from that side of the ball. After Oklahoma quarterback Kyler Murray was taken first overall by the Arizona Cardinals, the San Francisco 49ers started a run of four straight front-seven players by taking Ohio State defensive end Nick Bosa with the second overall pick -- the highest draft slot for any Buckeye since left tackle Orlando Pace went No. 1 overall to the St. Louis Rams in 1997.

CLICK HERE TO GET THE FOX NEWS APP.

TODAY'S MUST-READS
Fox News’ Ed Henry recalls spending time with Celtics great John Havlicek.
Massachusetts judge accused of helping illegal immigrant evade ICE pleads not guilty.
Rosenstein slams Obama administration for choosing ‘not to publicize full story’ of Russia hacking.
F.H. Buckley: What Democrats have forgotten about citizenship.

MINDING YOUR BUSINESS
Amazon crushes earnings expectations, but revenue growth slows.
Low-tax states among best places to make a living in 2019.
Construction job market booming: These states are hiring.

#TheFlashback
2018: Bill Cosby is convicted of drugging and molesting Temple University employee Andrea Constand at his suburban Philadelphia mansion in 2004; it is the first big celebrity trial of the #MeToo era.
1986: An explosion and fire at the Chernobyl nuclear power plant in Ukraine causes radioactive fallout to spew into the atmosphere. (Dozens of people are killed in the immediate aftermath of the disaster while the long-term death toll from radiation poisoning is believed to number in the thousands.)
1977: Notorious nightclub Studio 54 opens in New York.

SOME PARTING WORDS

Watch the "Special Report" panel take a look at former Vice President Joe Biden's decision to run for president a third time and the battle for the "soul" of America.

Not signed up yet for Fox News First? Click here to find out what you're missing.

CLICK HERE to find out what's on Fox News programming today and over the weekend!

Fox News First is compiled by Fox News' Bryan Robinson. Thank you for joining us! Have a good day and weekend! We'll see you in your inbox first thing Monday morning.

Source: Fox News National

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Veteran US firefighter, an ‘American hero,’ identified as one of three Marines killed in Afghan bomb blast

One of the three U.S. service members who died this week following a suicide bombing in Afghanistan – each of whom officials revealed to Fox News on Tuesday were Marines – is a longtime New York City and volunteer firefighter known by his superiors for his “courage and conviction to serve his fellow Americans, both at home and abroad.”

Staff Sgt. Christopher Slutman was identified Tuesday as one of those killed in yesterday’s Taliban-claimed attack near Bagram Air Base in Afghanistan. He is survived by his wife and three young daughters.

“Through this trying time, we will remember Chris for the father, husband, brother, son, and friend that he was, the moral character he displayed daily, and the courage and conviction to serve his fellow Americans, both at home and abroad,” Chief Oleg Pelekhaty of Landover, Maryland’s Kentland Volunteer Fire Department – where Slutman also served for 19 years – posted on Facebook.

“We ask for your thoughts and prayers for his firehouse brothers, his fellow Marines, his friends – but most of all, his family,” Pelekhaty added, noting that Slutman first joined the department in 2000 and rose through its ranks to become a captain and life member.

VIDEO: MOTHER OF NAVY SEAL KILLED IN AFGHANISTAN SHARES HER SON’S STORY

Christopher Slutman was hailed by his colleagues during his career with the Kentland Volunteer Fire Department, left, and the New York City Fire Department, right. (Courtesy Kentland Volunteer Fire Department/FDNY)

Christopher Slutman was hailed by his colleagues during his career with the Kentland Volunteer Fire Department, left, and the New York City Fire Department, right. (Courtesy Kentland Volunteer Fire Department/FDNY)

During his 15-year career in New York City, Slutman was honored for bravery after pulling an unconscious woman out of a burning apartment in the Bronx borough, the FDNY said Tuesday in a statement obtained by Fox News.

“This unquestionably is an example of the measure of this man,” Mayor Bill de Blasio said. “Christopher Slutman is an American hero, a New York hero, and we mourn his loss today.”

Slutman is the 1,152nd member of the department to “make the Supreme Sacrifice in the line-of-duty,” the FDNY added, and the fourth to die while serving in Iraq and Afghanistan since U.S. military operations began there in 2003.

“Firefighter Slutman bravely wore two uniforms and committed his life to public service both as a New York City Firefighter and as a member of the United States Marine Corps,” added Fire Commissioner Daniel A. Nigro.

Union president Gerard Fitzgerald also called Slutman a “distinguished firefighter who had a profound impact on both of his firehouses, Ladder Companies 27 and 17.”

“Together, all firefighters grieve the loss of our brother, Christopher, who dedicated his life to protecting the people of this city, and our nation,” the Uniformed Firefighters Association of Greater New York leader said.

The Kentland Volunteer Fire Department says Slutman rose through the ranks during his 19-year career "to become a Wagon Driver, Captain, but most of all – he was a fireman."

The Kentland Volunteer Fire Department says Slutman rose through the ranks during his 19-year career "to become a Wagon Driver, Captain, but most of all – he was a fireman." (Courtesy Kentland Volunteer Fire Department)

U.S. officials told Fox News on Tuesday that all three servicemembers who died in the attack and all three that were wounded were Marines. An Afghan contractor previously believed to have been killed in the same blast is actually alive, they added, and has been undergoing treatment at Bagram Airfield.

Secretary of State Mike Pompeo described the suicide bombing Monday as a “disgusting terrorist act.

“U.S. service members have sacrificed their lives in Afghanistan to keep us safe and no cowardly act of terror will impede our efforts to achieve peace,” he said in a tweet.

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The identities of the other two deceased Marines, as of midday Tuesday, have not yet been released.

There are an estimated 14,000 American troops currently serving in Afghanistan.

Fox News’ Lucas Tomlinson contributed to this report.

Source: Fox News National

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Schiano resigns after several weeks as Patriots’ DC

FILE PHOTO: NCAA Football: Ohio State at Maryland
FILE PHOTO: Nov 17, 2018; College Park, MD, USA; Ohio State Buckeyes defensive coordinator Greg Schiano stands on the sidelines during the fourth quarter against the Maryland Terrapins at Capital One Field at Maryland Stadium. Mandatory Credit: Tommy Gilligan-USA TODAY Sports

March 28, 2019

Greg Schiano, hired last month as the New England Patriots defensive coordinator, stepped down Thursday, the team announced.

“This is not the result of any one event, but rather a realization that I need to spend more time on my faith and family,” Schiano said in a statement. “I don’t want to look back years from now and wish I had done things differently. Therefore, I am taking time away from the game to recalibrate my priorities.”

Schiano was hired Feb. 6 to replace Brian Flores, the Patriots’ defensive play-caller who left to become the head coach of the Miami Dolphins.

“I respect Coach Schiano greatly and appreciate his contributions to our staff and team,” coach Bill Belichick said in a statement. “He is a friend who we support completely.”

Schiano, 52, was most recently the defensive coordinator at Ohio State. He was 11-21 in two seasons as the Tampa Bay Buccaneers’ head coach in 2012 and 2013 before being fired.

Schiano was 68-67 in 11 seasons as the head coach at Rutgers (2001-2011). He is a longtime ally of Belichick, whose son, Steve Belichick, was a long snapper at Rutgers.

–Field Level Media

Source: OANN

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Woods within striking distance of fifth Green Jacket

Third round play of the Masters at Augusta National
Golf - Masters - Augusta National Golf Club - Augusta, Georgia, U.S. - April 13, 2019 - Tiger Woods of the U.S. walks up to the 18th green during third round play. REUTERS/Jonathan Ernst

April 13, 2019

By Andrew Both

AUGUSTA, Ga. (Reuters) – Tiger Woods shot his best score at Augusta National since 2011, a five-under-par 67 that lifted him within two strokes of leader Francesco Molinari after the third round at the Masters on Saturday.

Woods parlayed his 54-hole lead into victory in 2005, but he has not since added to his collection of four Green Jackets, despite coming close several times in the ensuing decade-plus.

He will start Sunday’s final round joint second with fellow American Tony Finau, while Molinari will be the man to catch at 13-under 203.

The Italian is unlikely to be intimidated, after staring down and overtaking Woods en route to winning last year’s British Open at Carnoustie, where they were paired in the final round.

A victory on Sunday would be Woods’ fifth, leaving him second behind six-times champion Jack Nicklaus.

Arnold Palmer also had four victories.

Woods has been stuck on 14 major titles since the 2008 U.S. Open, and the early holes on Saturday offered little inkling of the fireworks ahead.

Four pars followed by a bogey at the difficult newly-lengthened fifth left him languishing at five-under-par.

For a time he failed to join the birdie party in benign condition on a course where marshmallow greens allowed for players to fire fearlessly at the pins.

But a 20-foot birdie at the sixth sparked his round as the 43-year-old quickly climbed up the leaderboard by picking up further shots at the next two holes.

Not that he was perfect over the middle holes.

He pushed his drives at the par-four ninth and 11th holes, but both times fortunately found a clear opening and had no trouble threading a recovery between the Georgia pines and saving par.

But his biggest piece of luck came at the par-five 13th, where he hooked his drive so far left that the ball seemed more likely to end up in adjacent Augusta Country Club than stay in Augusta National. But it hit a tree and fell to earth right of Rae’s Creek tributary, in the clear in light rough.

He took advantage of the break, punching his second shot to wedge range and then skipping his next up to set up a birdie.

Further birdies followed at the par-five 15th and par-three 16th.

(Reporting by Andrew Both, editing by Pritha Sarkar)

Source: OANN

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Yankees officially release Gio Gonzalez

FILE PHOTO: MLB: Spring Training-Toronto Blue Jays at New York Yankees
FILE PHOTO: Mar 23, 2019; Tampa, FL, USA; New York Yankees pitcher Gio Gonzalez (43) throws a pitch during the sixth inning against the Toronto Blue Jays at George M. Steinbrenner Field. Mandatory Credit: Kim Klement-USA TODAY Sports/File Photo

April 22, 2019

The New York Yankees released left-hander Gio Gonzalez from his minor league contract on Monday, officially making the 33-year-old a free agent.

Gonzalez opted out of the deal on Saturday, leaving the Yankees facing a 48-hour deadline in which to either place on him on the 25-man roster or grant him his release.

He would have received a $3 million base salary plus $300,000 for each start if he was added to the roster.

Gonzalez went 2-1 with a 6.00 ERA in three starts at Triple-A Scranton/Wilkes-Barre.

Gonzalez didn’t land a major league contract in the off season as a free agent, but the market might be a little more active now.

The two-time All-Star is 127-97 with a 3.69 ERA in 11 big league campaigns. He was 10-11 with a 4.21 ERA while splitting last season with the Washington Nationals and Milwaukee Brewers.

Gonzalez’s best season came in 2012 when he went 21-8 with a 2.89 ERA for the Nationals.

He began his career with the Oakland Athletics in 2008 and was traded to Washington after the 2011 season.

–Field Level Media

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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