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Ford names company veterans to lead auto, mobility units

FILE PHOTO: Ford Motor Executive Vice President and President of the Americas Joe Hinrichs addresses the audience during the 100-year celebration of the Ford River Rouge Complex in Dearborn
FILE PHOTO: Ford Motor Executive Vice President and President of the Americas Joe Hinrichs addresses the audience during the 100-year celebration of the Ford River Rouge Complex in Dearborn, Michigan U.S. September 27, 2018. REUTERS/Rebecca Cook/File Photo

April 10, 2019

(Reuters) – Ford Motor Co on Wednesday named two company veterans to lead its auto and mobility businesses as the No.2 U.S. automaker shifts its focus to autonomous vehicles and realigns its automobile portfolio.

Joe Hinrichs was named president of its automotive unit and Jim Farley as president, new businesses, technology & strategy, effective May 1. Both the executives will report to Chief Executive Officer Jim Hackett, the company said.

“In the past two years, we have made tangible progress in improving the fitness of our business, overhauled our regional strategies, created a winning product portfolio, and are working to transform Ford to succeed in an era of profound change and disruption,” Hackett said.

(Reporting by Rachit Vats in Bengaluru; Editing by Shailesh Kuber)

Source: OANN

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Nurse charged in fatal drug-swap error to appear in court

A Tennessee nurse charged with criminal homicide after a medication error killed a patient is scheduled to appear in court.

Nurses have rallied online in defense of Radonda Vaught, who has raised more than $71,000 for her legal bills through a GoFundMe page.

According to a report on the accident and court documents, Vaught accidentally injected 75-year-old Charlene Murphey with the paralytic vecuronium in December 2017. That's a drug sometimes used in executions. Vaught was supposed to use Versed, a sedative.

The mistake came when the 35-year-old Vaught could not find Versed in an automatic dispensing cabinet and used an override. Then she typed in "VE" and picked the first drug that came up.

Vaught is scheduled to enter a plea in court in Nashville on Wednesday.

Source: Fox News National

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Demanding civilian government, thousands defy military curfew in Sudan

Sudan's Defence Minister Awad Mohamed Ahmed Ibn Auf is sworn in as a head of Military Transitional Council in Sudan
Sudan's Defence Minister Awad Mohamed Ahmed Ibn Auf is sworn in as a head of Military Transitional Council in Sudan in this still image taken from video on April 11, 2019. Sudan TV/ReutersTV via REUTERS

April 12, 2019

By Khalid Abdelaziz

KHARTOUM (Reuters) – Thousands of Sudanese demonstrators camped outside the defense ministry in Khartoum to push for a civilian government, defying a curfew and calling for mass prayers after the military overthrew Omar al-Bashir after 30 years of autocratic rule.

Demonstrators who have been holding almost daily anti-Bashir protests rejected the decision to set up a transitional military council to run the country for two years and vowed to continue protests until a civilian government is established.

Activists called for mass Friday prayers outside the defense ministry compound, a focal point for protests.

Activists wearing yellow vests controlled traffic around the compound on Friday morning and managed foot traffic to and from the sit-in, a Reuters witness said. They also blocked a major bridge in central Khartoum.

Bashir, 75, had faced 16 weeks of demonstrations against him. Announcing the president’s overthrow, Defence Minister Awad Mohamed Ahmed Ibn Auf said elections would be held at the end of the two-year interim period.

World powers, including the United States and Britain, said they supported a peaceful and democratic transition sooner than two years.

Speaking on state television on Thursday, Ibn Auf said Bashir was being detained in a “safe place” and a military council – which it was later announced he is heading – would now run the country.

Sudanese sources told Reuters that Bashir was at the presidential residence under “heavy guard”.

Ibn Auf also announced a state of emergency, a nationwide ceasefire and the suspension of the constitution.

State television said there would be a curfew from 10 p.m. to 4 a.m.

Ibn Auf was due to meet journalists later on Friday.

The main organizer of protests against Bashir, the Sudanese Professionals Association, rejected Ibn Auf’s plans. It called on protesters to maintain their sit-in outside the defense ministry.

In a challenge to the military council, several thousand protesters remained in front of the defense ministry compound, and in other parts of the capital, as the curfew went into effect.

They chanted “They removed a thief and brought a thief!” and “Revolution! Revolution!”

Some shops in Omdurman, across the River Nile from central Khartoum, remained open past 10 p.m., a Reuters witness said.

Bashir has been indicted by the International Criminal Court in The Hague and is facing an arrest warrant over allegations of genocide in Sudan’s Darfur region during an insurgency that began in 2003 and led to the death of an estimated 300,000 people. He denies the allegations.

Bashir’s downfall was the second time this month that a leader in the region has been forced out after mass demonstrations. Algeria’s Abdelaziz Bouteflika, in power since 1999, stepped down on April 2 after six weeks of protests.

(Reporting by Khalid Abdelaziz; Writing by Sami Aboudi; Editing by Giles Elgood)

Source: OANN

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Again? Establishment Democrats Are Plotting To Sabotage Bernie Sanders Because They Are Scared Trump Would Beat Him

Bernie Sanders is on a roll, and this is absolutely terrifying many establishment Democrats. 

He has raised far more money that any of the other Democratic candidates, he just took the lead in a major national poll, and a Fox News town hall featuring Sanders was just watched by nearly 2.6 million viewers.  You would think that the Democratic establishment would be thrilled to see such enthusiasm for one of their presidential candidates, but instead they are totally freaking out because they don’t want him to be the nominee.  On Tuesday, the New York Times published an article entitled “‘Stop Sanders’ Democrats Are Agonizing Over His Momentum”, and in that article we are told that “his critics are chiefly motivated by a fear that nominating an avowed socialist would all but ensure Mr. Trump a second term”.  And of course those critics are right.  If Sanders is the nominee, that will give Trump the best chance of winning again in 2020.  It would be a complete and total nightmare for the Democratic Party, and so in order to avoid that scenario some Democratic operatives are already plotting how to sabotage the Sanders campaign.

Right now there are 17 Democrats running for president, and it looks like Joe Biden will jump into the race very soon.

But most of the other candidates have not gained any traction at all, and a brand new poll that just came out actually shows Sanders beating Biden

Sen. Bernie Sanders finished ahead of Joe Biden in the first major national poll of the year that did not find the former vice president leading the pack of potential 2020 Democratic presidential candidates.

When asked whom they would support from a list of 20 candidates – including “someone else” –  29% named Sanders, and 24% named Biden in an Emerson College poll released Monday. They were trailed by South Bend, Indiana, Mayor Pete Buttigieg, who was the pick of 9% of likely Democratic primary voters.


Bernie Sanders appears to be ok with the possible physical attacks on Kaitlin Bennett due to his rhetoric and characterization of Kaitlin and Infowars. Alex exposes this false narrative smear from the left.

What is even more important is the trajectory of the support for the two candidates.  Biden’s support appears to be dropping because of his history of “inappropriate touching”, and support for Sanders has risen 12 points since February

“Biden has seen his support drop. In February, he led Sanders 27% to 17%, and in March, the two were tied at 26%. Now, Sanders has a 5-point lead,” said Spencer Kimball, director of Emerson Polling.

If Biden ends up flopping as a candidate, establishment Democrats are going to be in quite a quandary because nobody else is even polling in double digits at this point.  Perhaps someone like Pete Buttigieg will end up catching fire, but there is no guarantee that will happen.

As it stands today, there is a very good chance that Bernie Sanders could be the Democratic nominee, and many establishment Democrats are trying to figure a way out of this mess

From canapé-filled fund-raisers on the coasts to the cloakrooms of Washington, mainstream Democrats are increasingly worried that their effort to defeat President Trump in 2020 could be complicated by Mr. Sanders, in a political scenario all too reminiscent of how Mr. Trump himself seized the Republican nomination in 2016.

How, some Democrats are beginning to ask, do they thwart a 70-something candidate from outside the party structure who is immune to intimidation or incentive and wields support from an unwavering base, without simply reinforcing his “the establishment is out to get me”’ message — the same grievance Mr. Trump used to great effect?

Of course if Sanders supporters get the impression that the nominating process is being rigged against their guy again, that could cause a full-blown civil war in the Democratic Party.

Needless to say, Republicans would absolutely love that.

But despite that danger, establishment Democratic operatives such as David Brock are publicly talking about sabotaging Sanders

“There’s a growing realization that Sanders could end up winning this thing, or certainly that he stays in so long that he damages the actual winner,” said David Brock, the liberal organizer, who said he has had discussions with other operatives about an anti-Sanders campaign and believes it should commence “sooner rather than later.”

Once this New York Times story came out, it was inevitable that there would be a tremendous amount of backlash from Bernie supporters.

For example, Bernie supporter Katherine Krueger very quickly released a response piece entitled “I’m Going to Have a Rage Stroke Over This Story About Dem Elites Trying to Take Bernie Out”

I’m spent. I want nothing from these people; in fact, I’d prefer they retire from politics entirely for their role in losing what was arguably the most winnable presidential election in modern history. Neera Tanden might punch me in the chest for saying this, but that’s OK!

It’s insanely telling that the people featured in this story—who call themselves “progressives,” despite being wedded to deeply middle-of-the-road centrist policies—are so threatened by a candidate who, after being screwed by them in 2016, isn’t inclined to make concessions to the vast, useless apparatus of consultants and donors that they represent. Of course they want to stop Sanders. He’s sworn off big money, has actual progressive policy ideas, and is thumbing his nose at scolds like Tanden and her cronies! If the voters choose Bernie, he should be the nominee. End of story. If you’re the kind of person who would tack a “but,” onto the end of that sentence, you’re probably more wedded to rewriting the perceived wrongs of 2016 than actually taking back the White House in 2020.

The fact that Bernie Sanders has so much support shows how much America has moved to the left in 2019.  He represents just about the opposite of everything that our founders believed in, but a large percentage of the nation is embracing him anyway.

But could a self-described socialist actually go all the way and win the entire thing?

Probably not, and that is why establishment Democrats are so freaked out right now.

There is still plenty of time, and a lot can change in the coming months.  But at this moment, many are describing Sanders as the front-runner

“Right now, he is the front-runner,” said Karine Jean-Pierre, the chief public affairs officer for MoveOn, a progressive group. “He is leading in the fundraising. He is leading in the polling — except for Biden, who has not jumped in yet. … Bernie’s start has been impressive. Clearly his base is still with him and still excited.”

Of course there is one Democrat that would beat Bernie very easily, but she has insisted over and over that she is not running.

However, the stronger the Sanders campaign gets, the louder the calls for her to run will become.

Source: InfoWars

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Mozambique city battled climate change, then came a cyclone

Long before Cyclone Idai roared in and tore apart Mozambique's seaside city of Beira, the mayor dreamed of protecting his people from climate change.

It would be a huge challenge. Large parts of the city of 500,000 residents are below sea level on a coastline that experts warn is one of the world's most vulnerable to global warming's rising waters.

With the World Bank's support, a $120 million project was approved in 2012 to help spare the city's fading Art Deco center and makeshift slums from rising waters. An 11-kilometer (seven-mile) system of drainage canals and water retention basins now snakes from the beach deep into boggy neighborhoods.

It meant "the end of suffering of a whole population," Mayor Daviz Simango declared as the project's first phase was completed last year.

But the cyclone that struck on March 14 brought a whole new level of pain to Beira, with images of destruction to chill any seaside nation already fearing for its survival.

"We were really well prepared for disasters like flooding," Simango told The Associated Press, pausing from his work directing the disaster response in one of the city's poorest neighborhoods, Munhava.

The new system worked perfectly when there was flooding two months ago, said the mayor, a civil engineer who at times personally oversaw its construction. Residents told him they no longer needed to sleep on their tables.

Then "God changed his plan and brought a cyclone," Simango said. Packing winds of some 240 kilometers (150 miles) an hour, the storm ripped apart structures built to withstand less than half that intensity. "This cyclone destroyed everything we built for more than 100 years."

It was painful watching the cyclone veer toward Beira, said World Bank staffers involved in the project who kept in touch with people on the ground until the storm severed power and communications.

With Idai, "suddenly we have a cyclone category 4 hitting, and it's very vulnerable," Michel Matera, a senior urban specialist with the World Bank, told the AP. "Yes, we were doing the right thing but it was not enough."

Long and narrow with a 2,400-kilometer (1,500-mile) Indian Ocean coastline, Mozambique is on the frontline of fighting climate change in Africa, where most nations have little infrastructure and funding to cope. Rapidly growing coastal cities like Beira are especially at risk.

The mayor called it unjust that African nations face some of the toughest challenges while contributing little to global warming. People in rich, industrialized nations produce much of the carbon dioxide and other gases that are warming the planet by burning the most coal, diesel, gasoline and jet fuel.

But while Simango believes the international community should help African nations, he stressed the continent's leaders must do their part to fight graft and not pocket the aid.

"Sometimes we get money, resources but the corruption kills us," he said. "We must be more prepared as leaders, doing our best to use every cent to save lives."

Ordinary Mozambicans may not be familiar with the science behind climate change. But the Beira residents who pick their way through inundated streets, and the longtime fishermen who keenly watch the sea and sky, have noticed changes.

They note that local temperatures that once topped out at around 34 degrees Celsius (93 degrees Fahrenheit) now reach a sweltering 40 degrees Celsius (104 degrees Fahrenheit). That warming air can hold more moisture, experts say, meaning the potential for heavier rains .

For fisherman Nueve Savimbi, who stood with a bamboo fishing pole where Beira's new concrete drainage system meets the sea, it took the raging storm to open his eyes.

"I've heard about climate change but didn't believe it until I saw the cyclone," he said. "Without this (drainage system), there would be flooding here. But there is still work to do. Channels like this should be built elsewhere."

Without extensive study, scientists cannot directly link a single weather event like Cyclone Idai to the changing climate, but global warming is responsible for more intense and more frequent extreme weather events, as well as droughts, floods and fires.

Mozambique ranks third among African nations in vulnerability to weather-related disasters, behind Somalia and Madagascar, and studies say climate change will make those threats more intense and unpredictable , according to the Global Facility for Disaster Reduction and Recovery, a World Bank-managed grant-funding partnership.

For residents recovering from the cyclone and those watching with alarm from afar — the storm hit as Africa Climate week unfolded across the continent in Ghana, another vulnerable coastal nation — the time has come to treat climate change as an emergency.

"Cyclone Idai was an uncommonly fierce and prolonged storm, yet another alarm bell about the dangers of climate change, especially in vulnerable, at-risk countries," U.N. Secretary-General Antonio Guterres said on Tuesday. "Such events are becoming more frequent, more severe and devastating and more widespread, and this will only get worse if we do not act now."

The world must deliver on the $100 billion pledged as part of the Paris climate agreement to help Mozambique and other developing nations build climate resilience, Guterres said. Countries around the world, rich and poor, had more than $2.2 trillion in economic losses from climate-related disasters between 1998 and 2017, the U.N. Office for Disaster Risk Reduction said in October.

In Beira, it is too early to calculate the cyclone's toll, whether in economic losses or even in lives.

Some residents say they believe an exodus will begin, with people leaving the port city for higher, safer places. Others argue that eventually, there will be nowhere else to go.

"Other districts have flooding," said Julia Castigo, who stood on the beach watching survivors arrive by boat from the badly hit district of Buzi. "The flooding will find us."

Another onlooker, Paolo Fernando Machata said a major flood nearly two decades ago didn't reach his village, but this one swallowed it. He spent three days stranded in flood waters, he said, pointing to his bandaged, swollen feet.

"I'd never heard about climate change," he said. "What I know is, things are changing. If cyclones like this keep happening, we will lose this town and the people in it, and our society."

Still, that society has already shown flashes of resilience amid the destruction. Beira's seaside bars have reopened, pulsing with generator-powered music. Muddy markets bustle again, and shop owners have cleared away broken glass and reopened. Some classes have resumed as children in bright uniforms now share school buildings with displaced people.

From the international relief operations base at Beira's airport, Sebastian Rhodes Stampa, deputy director of the United Nations humanitarian operation, was frank. "I think the world realizes we haven't done enough about climate change," he told journalists. Disasters "are getting worse around the world. All of us must be prepared."

For Beira's mayor, the time to take climate change seriously has come. Standing in a still-sodden neighborhood, he urged U.S. President Donald Trump to come to Mozambique and see for himself.

"I think he is living in another world," Simango said of Trump's expressions of doubt about global warming. "I've seen by my own eyes the rising of the sea level. I've seen by my own eyes people suffering. I've seen flooding. Climate change is a reality. Climate change is bringing us trouble."

___

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

Source: Fox News World

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War Room – 2019-Mar-27, Wednesday – Democrats And Media Caught Red Handed Staging And Lying About Russian Collusion

The failed Russian Collusion narrative continues to expose the Democrats and the fake news media as the liars they are, as the Smollet hoax exposes the double tier justice system in America. George Papadopoulos joins The War Room to drop an exclusive bomb shell when it comes to the Russian Collusion witch hunt.

GUEST // (OTP/Skype) // TOPICS:
Mike Adams//Skype
Syrian Girl//Skype
George Papadopoulos//Skype

Source: The War Room

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China and Indonesia halt Boeing 737 MAX 8 after Ethiopia crash

Ethiopian Federal policemen stand near engine parts at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu
Ethiopian Federal policemen stand near engine parts at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, southeast of Addis Ababa, Ethiopia March 11, 2019. REUTERS/Tiksa Negeri

March 11, 2019

By Aaron Maasho and Stella Qiu

ADDIS ABABA/BEIJING (Reuters) – China, Indonesia and Ethiopia grounded their Boeing Co 737 MAX 8 fleets on Monday while investigators found the black box from a crash that killed 157 people in the second disaster involving that airplane model in six months.

The Ethiopian Airlines jet bound for Nairobi came down minutes after take-off from Addis Ababa on Sunday, killing all on board. The victims came from 33 nations and included 22 United Nations’ staff.

The discovery of the black box with both the cockpit voice recorder and digital flight data, reported by Ethiopian state TV, should shed light on the cause of the crash.

At the scene, men in Red Cross jackets picked through the dirt, putting items in black paper bags, while investigators hunted for the black box voice recorders.

“Although we don’t yet know the cause of the crash, we had to decide to ground the particular fleet as extra safety precaution,” Ethiopian Airlines said. It has four other 737 MAX 8 jets, according to flight tracking website FlightRadar24.

The 737 line is the world’s best selling modern passenger aircraft and viewed as one of the industry’s most reliable.

CHINA’S ‘ZERO TOLERANCE’

China on Monday also ordered its airlines to suspend operations of their 737 MAX 8 jets by 6 p.m. (1000 GMT) following the second crash of a Boeing 737 MAX jet since one run by Indonesia’s Lion Air went down in October.

The Civil Aviation Administration of China (CAAC) said it would notify airlines when they could resume flying the jets, after contacting Boeing and the U.S. Federal Aviation Administration (FAA).

“Given that two accidents both involved newly delivered Boeing 737-8 planes and happened during take-off phase, they have some degree of similarity,” the CAAC said, adding the step was in line with its principle of zero tolerance of safety hazards. The 737 MAX 8 is sometimes referred to as the 737-8.

Indonesia also said it would temporarily ground Boeing 737 MAX 8 aircraft for inspection.

In October, a 737 MAX 8 operated by budget carrier Lion Air crashed 13 minutes after take-off from the Indonesian capital of Jakarta on a domestic flight, killing all 189 on board.

Cayman Airways sad it had grounded both of its new 737 MAX 8 jets temporarily too, while India announced a safety review.

A senior U.S. official said it was too early to tell if there was any direct connection between the two accidents but assessing that was a priority for investigators.

By January-end, Boeing had delivered 350 of the 737 MAX family jets to customers, with 4,661 more on order.

Boeing shares slid almost 10 percent in early trading on Monday. The move, if maintained through normal trading hours, would be the biggest fall in Boeing’s stock in nearly two decades, halting a surge that has seen it triple in value in just over three years to a record high of $446 last week.

MOURNING

Ethiopia’s parliament declared Monday a day of mourning.

A global summit in Nairobi opened with a moment of silence as some wept for the U.N. members killed in one of the deadliest aviation accidents in the organization’s history.

The dead include a 28-year-old Norwegian Red Cross worker, three Austrian aid workers on their way to Zanzibar, a Nigerian-Canadian professor known for mentoring young colleagues, and an Italian archaeologist, employers and foreign ministries said.

The pilot Yared Getachew, who was a joint Ethiopian-Kenyan national, had a “commendable record” and more than 8,000 hours of flying experience, Ethiopian Airlines said.

Kenyan authorities had managed to contact the families of 25 of the 32 Kenyan passengers, cabinet secretary for transport James Macharia told journalists at the airport on Monday.

(Additional reporting by Jamie Freed in Singapore, Bernadette Christina Munthe in Jakarta, Katherine Houreld in Hereward Holland in Nairobi, Josh Horwitz in Shanghai, Sanjana Shivdas in Bengaluru; Editing by Andrew Cawthorne)

Source: OANN

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FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad
FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad, California, U.S., April 22, 2017. REUTERS/Mike Blake/File Photo

April 26, 2019

By Amit Dave and Mayank Bhardwaj

AHMEDABAD/NEW DELHI (Reuters) – PepsiCo Inc has sued four Indian farmers for cultivating a potato variety that the snack food and drinks maker claims infringes its patent, the company and the growers said on Friday.

Pepsi has sued the farmers for cultivating the FC5 potato variety, exclusively grown for its popular Lay’s potato chips. The FC5 variety has a lower moisture content required to make snacks such as potato chips.

PepsiCo is seeking more than 10 million rupees ($142,840.82) each for alleged patent infringement.

The farmers grow potatoes in the western state of Gujarat, a leading producer of India’s most consumed vegetable.

“We have been growing potatoes for a long time and we didn’t face this problem ever, as we’ve mostly been using the seeds saved from one harvest to plant the next year’s crop,” said Bipin Patel, one of the four farmers sued by Pepsi.

Patel did not say how he came by the PepsiCo variety.

A court in Ahmedabad, the business hub of Gujarat, on Friday agreed to hear the case on June 12, said Anand Yagnik, the lawyer for the farmers.

“In this instance, we took judicial recourse against people who were illegally dealing in our registered variety,” A PepsiCo India spokesman said. “This was done to protect our rights and safeguard the larger interest of farmers that are engaged with us and who are using and benefiting from seeds of our registered variety.”

PepsiCo, which set up its first potato chips plant in India in 1989, supplies the FC5 potato variety to a group of farmers who in turn sell their produce to the company at a fixed price.

The All India Kisan Sabha, or All India Farmers’ Forum, has asked the Indian government to protect the farmers.

The farmers’ forum has also called for a boycott of PepsiCo’s Lay’s chips and the company’s other products.

The Ministry of Agriculture & Farmers’ Welfare did not immediately respond to an email seeking comment.

PepsiCo is the second major U.S. company in India to face issues over patent infringement.

Stung by a long-standing intellectual property dispute, seed maker Monsanto, which is now owned by German drugmaker Bayer AG, withdrew from some businesses in India over a cotton-seed dispute with farmers, Reuters reported in 2017. (reut.rs/2ncBknn)

(Reporting by Amit Dave in AHMEDABAD and Mayank Bhardwaj in NEW DELHI; Editing by Martin Howell and Louise Heavens)

Source: OANN

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FILE PHOTO: The Archer Daniels Midland Co (ADM) logo is displayed on a screen on the floor of the NYSE in New York
FILE PHOTO: The Archer Daniels Midland Co (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo

April 26, 2019

By P.J. Huffstutter and Shradha Singh

CHICAGO/BENGALURU (Reuters) – Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant’s profit, which tumbled 41 percent in the first quarter.

ADM said it was creating an ethanol subsidiary, which will include dry mills in Columbus, Nebraska; Cedar Rapids, Iowa; and Peoria, Illinois.

The ethanol subsidiary will report as an independent segment, the company said, allowing options “which may include, but are not limited to, a potential spin-off of the business to existing ADM shareholders.”

Results were hit by the “bomb cyclone” blizzards that devastated the Midwest and Great Plains this year, causing massive flooding across Nebraska, Iowa and Missouri, washing out rail lines and wreaking havoc in the moving and processing of corn, soybeans and wheat. One-sixth of U.S. ethanol production was halted.

In March, ADM warned Wall Street that flooding and severe winter weather in the U.S. Midwest would reduce its first-quarter operating profit by $50 million to $60 million.

“The first quarter proved more challenging than initially expected,” said Chairman and Chief Executive Officer Juan Luciano, with earnings down in its starches, sweeteners and bioproducts unit. Luciano said impacts of the severe weather ultimately “were on the high side of our initial estimates”.

Ongoing problems in the ethanol industry added to the problems and “limited margins and opportunities” for ADM, Luciano said.

The ethanol industry has been in the midst of a historic downswing due to the U.S.-China trade war, excess domestic supply and weak margins.

ADM, which had been an ethanol pioneer, signaled to Wall Street in 2016 that it was hunting for options and considering sales of its U.S. dry ethanol mills. Luciano told Reuters this year that offers ADM had received for the mills were too low.

In addition, ADM said it planned to repurpose its corn wet mill in Marshall, Minnesota, to produce higher volumes of food and industrial-grade starches.

Other major traders are alsy trying to distance themselves from struggling ethanol businesses. Louis Dreyfus Company BV spun off its Brazilian sugar and ethanol business Biosev in 2013. Rival Bunge sold its sugar book and has sought a buyer for its Brazilian mills since 2013.

ADM, which makes money trading, processing and transporting crops, such as corn, soybeans and wheat, has been looking to strengthen its core business. Last month it said it would seek voluntary early retirements of some North American employees and cut jobs as part of a restructuring effort.

The company expects to lower 2019 capital spending by 10 percent to between $800 million and $900 million.

Net earnings attributable to the company fell to $233 million, or 41 cents per share, in the three months ended March 31, from $393 million, or 70 cents per share, a year earlier.

Revenue fell to $15.30 billion from $15.53 billion. On an adjusted basis, the company earned 46 cents per share, while analysts on average had estimated 60 cents, according to IBES data from Refinitiv.

(Reporting by Shradha Singh in Bengaluru; Editing by Shounak Dasgupta, Chizu Nomiyama and David Gregorio)

Source: OANN

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The Slack app logo is seen on a smartphone in this illustration
FILE PHOTO: The Slack app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration

April 26, 2019

(Reuters) – Slack Technologies Inc, operator of the popular workplace instant-messaging app, reported a loss of $140.7 million in the fiscal year ended Jan. 31, 2019, the company said on Friday in a regulatory filing ahead of its planned public market debut.

The company said its daily active users exceeded 10 million in the three months ended Jan. 31, 2019.

Slack expects to trade on the New York Stock Exchange under the symbol “SK”, it said.

The San Francisco-based company is seeking to go public via a direct listing, making it the second big technology company after Spotify Technology SA to bypass the traditional route of listing shares through an initial public offering.

A direct listing is a cheaper way of becoming a public company as the process requires fewer investment banks and therefore lower fees.

In a direct listing, however, a company does not sell any new shares to raise money. Instead, it gives existing shareholders the opportunity to cash out.

Slack is the latest in a string of high-profile technology companies looking to go public this year. Lyft Inc, Pinterest and Zoom Video Communications have completed IPOs so far in 2019.

The company is hoping for a valuation of more than $10 billion in the listing, Reuters had previously reported. Some early investors and employees have been selling the stock at around $28, valuing the company close to $17 billion, Kelly Rodriques, CEO of Forge, a brokerage company, told CNBC on Thursday.

Slack set a placeholder amount of $100 million to indicate the size of the IPO. The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.

Its competitors include Microsoft Teams, a free chat add-on for Microsoft’s Office365 users.

(Reporting By Aparajita Saxena and Joshua Franklin in New York; Editing by Leslie Adler and Anil D’Silva)

Source: OANN

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FILE PHOTO: Candidate Zelenskiy reacts following the announcement of an exit poll in Ukraine's presidential election in Kiev
FILE PHOTO: Ukrainian presidential candidate Volodymyr Zelenskiy reacts following the announcement of the first exit poll in a presidential election at his campaign headquarters in Kiev, Ukraine April 21, 2019. REUTERS/Valentyn Ogirenko/File Photo

April 26, 2019

By Matthias Williams

KIEV (Reuters) – Russia’s decision to make it easier for residents of rebel-controlled eastern Ukraine to obtain a Russian passport is meant to test Ukraine’s new leader and the West should not recognize the documents, Lithuania’s foreign minister said on Friday.

Russian President Vladimir Putin signed the order on facilitating passports on Wednesday, three days after comedian Volodymyr Zelenskiy, a political novice, won a landslide victory in Ukraine’s presidential election.

Linas Linkevicius, whose own country also has strained relations with Moscow, told Reuters in an interview that the West should consider imposing new sanctions on Russia.

“This is a blatant violation of international law. And basically also a kind of test to the new (Ukrainian) leadership, which is also a usual game,” Linkevicius said.

“The least we can do (is) we shouldn’t recognize these passports. How to do that technically, it’s another issue to discuss. Also (we need) to look at additional sanctions,” said Linkevicius, whose small Baltic nation is a member of NATO and the European Union.

Western nations imposed sanctions on Russia over its 2014 annexation of Ukraine’s Crimea region and its support for armed separatists battling Kiev’s forces in eastern Ukraine. Some 13,000 people have been killed in that conflict despite a notional ceasefire signed in Minsk in 2015.

Linkevicius, who in Kiev on Friday became the first minister of an EU country since Ukraine’s election to meet President-elect Zelenskiy, said they had discussed the passport issue.

Zelenskiy also raised the possibility of resetting the Minsk ceasefire agreement without giving any concessions to Russia, Linkevicius said.

“DANGEROUS CANCER” OF GRAFT

The minister urged Zelenskiy to deliver on his electoral promise of tackling corruption, which he described as the “most dangerous cancer” facing Ukraine, which hopes one day to join the EU.

Last month, Lithuania’s own relations with Russia came under renewed strain after a Vilnius court found former Soviet defense minister Dmitry Yazov, in absentia, guilty of war crimes and crimes against humanity for his role in a 1991 crackdown against Lithuania’s pro-independence movement.

Russia branded the verdict “extremely unfriendly and essentially provocative” and opened a probe into the judges involved.

Linkevicius accused Russia of seeking to politicize the judicial process by trying to take revenge on the judges, adding: “This is lamentable.”

(Editing by Gareth Jones)

Source: OANN

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A Cook County judge recently called out embattled State Attorney Kim Foxx for upholding a double standard by prosecuting a woman for filing a false police report — but dropping similar charges against embattled “Empire” actor Jussie Smollett.

Foxx has faced intense criticism over her office’s decision to drop a 16-count indictment against Smollett, just weeks after bringing the charges against the high-profile TV star. Foxx’s deal with Smollett, which did not require him to admit guilt, drew ire from the public, the city’s top cop and the former mayor who called it a “whitewash of justice.”

JUSSIE SMOLLETT CHICAGO PROSECUTOR KIM FOXX CHIDED BY NATIONAL ATTORNEYS GROUPS AFTER JUSSIE SMOLLETT CHARGES DROPPED 

Cook County Judge Marc Martin, who was presiding over an unrelated case, chastised Foxx and her office for creating a situation where anyone charged with filing a false report would expect the same leniency her office afforded Smollett.

Candace Clark, 21, is facing one felony count of making a false report. Prosecutors accused her of giving a friend access to her bank account and then telling authorities the money had been stolen. She denies the charges and claims she’s the victim of Foxx’s double standard — something the judge weighed in on.

“Well, Ms. Clark is not a movie star, she doesn’t have a high-price lawyer, although, her lawyer’s very good. And this smells, big time,” Martin said to prosecutors during a recent hearing, Fox 32 reported. “I didn’t create this mess, your office created this mess. And your explanation is unsatisfactory to this court. She’s being treated differently.”

The judge continued, “There’s no publicity on this case. She doesn’t have Mark Geragos as her lawyer or Ron Safer or Judge Brown. It’s not right. And (if) I proceed in this matter, you’re just digging yourselves further in a hole. (If the) press gets a hold of this, it’ll be in a newspaper. Why is Ms. Clark being treated differently than Mr. Smollett?”

Foxx recused herself from the Smollett case in February but continued to oversee the investigation through text messages with her assistant Joseph Magats.

The text messages revealed Foxx called Smollett a “washed up celeb who lied to cops.” They also show she cautioned Magats about throwing the book at Smollett.

“Sooo……I’m recused, but when people accuse us of overcharging cases…16 counts on a class 4 becomes exhibit A,” Foxx wrote to Magats on March 8.

“Pedophile with 4 victims 10 counts. Washed up celeb who lied to cops, 16. On a case eligible for deferred prosecution I think it’s indicative of something we should be looking at generally. Just because we can charge something doesn’t mean we should,” she added, referring to the case of R&B singer R. Kelly, who was indicted on 10 counts of aggravated criminal sexual abuse in connection with four women, three of whom were underage.

KIM FOXX’S CHIEF ETHICS OFFICER RESIGNS FOLLOWING SMOLLETT CONTROVERSY

President Trump said last month he asked for a federal review of Foxx’s decision to drop the charges against Smollett. He also called the actor “an absolute embarrassment to our country.”

The Smollett case garnered national attention and threatened to tear Chicago apart. It pit the police department and mayor against prosecutors and underscored the idea that wealthy people are somehow above the law.

Smollett told police he was attacked on Jan. 29 around 2 a.m. as he was returning home from a sandwich shop in Chicago. He said two masked men shouted racial and anti-gay slurs, poured bleach on him, beat him and tied a rope around his neck. He claimed they shouted, “This is MAGA country” — a reference to President Trump’s “Make America Great Again” campaign slogan.

CLICK HERE FOF THE FOX NEWS APP

After an intense investigation, police said Smollett staged the entire incident to drum up publicity for his career.

Smollett has strongly denied the accusations.

Source: Fox News National

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