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Walmart to introduce tablet under its ONN store brand: Bloomberg

FILE PHOTO: Shoppers at a Walmart store in Chicago Illinois
FILE PHOTO: Shoppers leave a Walmart store in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski

March 14, 2019

(Reuters) – Walmart Inc plans to introduce a low-priced, kid-friendly electronic tablet under its ONN store brand, Bloomberg reported on Thursday.

The tablet will be made by a Chinese supplier and will run on Google’s Android operating system, according to pictures filed with the U.S. Federal Communications Commission, the Bloomberg report said.

The price of the device and when it will debut has not been disclosed, the report said.

Walmart confirmed the tablet but declined to comment further to Bloomberg. Reuters could not immediately reach Walmart for comment.

(Reporting by Sabahatjahan Contractor; Editing by Lisa Shumaker)

Source: OANN

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Valeo investor Harris says ‘fully supportive’ of management

The logo of Valeo is pictured during the Viva Tech start-up and technology summit in Paris
FILE PHOTO: The logo of Valeo is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau

March 28, 2019

By Laurence Frost and Gilles Guillaume

PARIS (Reuters) – U.S. investor Harris Associates supports the management of auto parts maker Valeo, Chief Investment Officer David Herro said on Thursday, after the French government more than doubled its stake in the company to 5.12 percent.

“As long-term value investors we are fully supportive of the company and its management,” Herro said in an emailed response to Reuters. New York-based Harris owns 6.37 percent of Valeo.

(Reporting by Laurence Frost and Gilles Guillaume; editing by Richard Lough)

Source: OANN

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Ocasio-Cortez impersonator, 8, takes on Green New Deal, socialism in adorable Twitter video

Rep. Alexandria Ocasio-Cortez, D-N.Y., may have a new challenger in the form of an 8-year-old girl whose adorable impression of the progressive has won over hearts and minds on social media.

Ava Martinez poked fun at the freshman congresswoman’s Green New Deal, legislation that calls for a massive overhaul of the nation’s economy and energy use—estimated to cost tens of trillions of dollars.

AOC NARRATES VIDEO FROM FUTURE IN WHICH HER 'GREEN NEW DEAL' SAVES US FROM ENVIRONMENTAL CATASTROPHE

“Like, I want to talk about, like, climate change. Because, like, there’s no doubt cow farts are making the climate change,” Martinez says, donning Ocasio-Cortez-inspired glasses and red lipstick.

“Like, in July, the climate was 96 degrees and in February the climate was 36 degrees. OMG, like that’s a huge change in the climate in”—the mini-AOC looks down to count her fingers—“only four months!”

Social media users praised the impression as “pure gold,” with some suggesting Martinez would make a “much better Congresswoman.”

Martinez’s stepdad, Salvatore Schachter, told the New York Post that the 8-year-old’s resemblance to Ocasio-Cortez was noted amongst family members and thought that doing a video would be fun.

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“I thought it would gain attention, because she’s adorable, but not like this,” he said of its over 1 million combined views across two tweets.

Martinez closes out her impression with her thoughts on socialism, saying, “Like, socialism is actually short for social media. I do social media, so I’m a socialist.”

Source: Fox News Politics

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Russian court grants early release to would-be IS bride

A Russian court has granted early release for a Moscow student who was sent to prison for trying to join the Islamic State group in Syria.

The court in Russia's northwest on Tuesday upheld Varvara Karaulova's plea to cut her prison sentence by one year and 10 days. The 23-year old Moscow State University student was sentenced to 4½ years in prison in December 2016. She was arrested in Turkey, where she was trying to cross the border into Syria.

At least 4,000 Russian citizens, mostly from predominantly Muslim regions, have traveled to Syria and Iraq to join IS. Karaulova, from a middle-class, non-Muslim Moscow family, was an odd-one-out among Russian IS recruits who typically hailed from impoverished provincial backgrounds in the North Caucasus.

Source: Fox News World

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Credit Suisse under fire from proxy advisor for ‘unjustified’ CEO bonus

CEO Thiam of Swiss bank Credit Suisse awaits the company's annual news conference in Zurich
CEO Tidjane Thiam of Swiss bank Credit Suisse awaits the company's annual news conference in Zurich, Switzerland February 14, 2019. REUTERS/Arnd Wiegmann

April 8, 2019

ZURICH (Reuters) – Credit Suisse’s shareholders should vote against the bank’s compensation report at the April 26 annual general meeting, proxy advisor Glass Lewis said, citing an “unjustified CEO bonus increase” for Chief Executive Tidjane Thiam.

Thiam was awarded 12.65 million Swiss francs ($12.66 million) in total compensation in 2018, with short term incentive awards (STI) of 4.94 million francs. That is up from 9.7 million francs total compensation and 3.98 million francs in STI in 2017.

“We are once again troubled by the board’s immediate exercise of upward discretion in increasing the CEO’s short-term incentive opportunity for the past fiscal year, which appears as an unnecessary anticipation of a reward for potential future results,” Glass Lewis wrote in a report received by Reuters on Monday.

(Reporting by John Miller; Editing by Kirsten Donovan)

Source: OANN

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APNewsBreak: Ex-governor pardoned late mentor's grandson

Documents obtained by The Associated Press show former Maine Gov. Paul LePage pardoned his late mentor's grandson and people convicted of everything from drug trafficking to embezzlement.

The state released the list of 112 people who were pardoned in response to a request by the AP made under the state's Freedom of Access Act. The state had previously confirmed only one name.

Past Maine governors routinely released the names of individuals pardoned in high-profile cases. But the secretary of state's office this year said a 2017 change in state law prevented the release of pardons made by LePage, a Republican.

The state has since reversed course. Democratic Gov. Janet Mills signed a March 15 executive order allowing for pardons to be made public.

A message was left seeking comment from representatives for LePage, who left office in January.

Source: Fox News National

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Producers Cut Smollett From 'Empire' Season's Last Episodes

Actor Jussie Smollett's character on "Empire" will be removed from the final two episodes of this season in the wake of his arrest on charges that he staged a racist, anti-gay attack on himself last month in downtown Chicago, producers of the Fox TV show announced Friday.

The announcement came a day after Smollett turned himself in to police, appeared in court on a felony charge of disorderly conduct for allegedly filing a false police report, and left jail after posting bond.

"While these allegations are very disturbing, we are placing our trust in the legal system as the process plays," ''Empire" executive producers Lee Daniels, Danny Strong, Brett Mahoney, Brian Grazer, Sanaa Hamri, Francie Calfo and Dennis Hammer said in a written statement. "We are also aware of the effects of this process on the cast and crew members who work on our show and to avoid further disruption on set, we have decided to remove the role of 'Jamal' from the final two episodes of the season."

Smollett, who is black and gay, plays a gay character on the show that follows a black family as they navigate the ups and downs of the recording industry.

Police said Smollett planned the hoax because he was unhappy with his salary and wanted to promote his career. Before the attack, he also sent a letter that threatened him to the Chicago studio where "Empire" is shot, police said.

As authorities laid out their case against Smollett, the narrative that emerged Thursday sounded like that of a filmmaker who wrote, cast, directed and starred in a short movie.

Prosecutors said Smollett gave detailed instructions to the accomplices who helped him stage the attack in January, including telling them specific slurs to yell, urging them to shout "MAGA country" and even pointing out a surveillance camera that he thought would record the beating.

"I believe Mr. Smollett wanted it on camera," police Superintendent Eddie Johnson told reporters at a Thursday morning news conference. "But unfortunately that particular camera wasn't pointed in that direction."

Smollett's legal team issued a statement Thursday night, calling the actor a "man of impeccable character and integrity who fiercely and solemnly maintains his innocence." The statement called Johnson's news conference "an organized law enforcement spectacle."

"The presumption of innocence, a bedrock in the search for justice, was trampled upon at the expense of Mr. Smollett," the statement read.

Source: NewsMax America

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FILE PHOTO: Chevron's Michael Wirth speaks at Gastech, the world's biggest expo for the gas industry, in Chiba
FILE PHOTO: Chevron’s Michael Wirth speaks at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai

April 26, 2019

HOUSTON (Reuters) – Chevron Corp on Friday pushed back at the potential for a rival to break up its $33 billion deal for Anadarko Petroleum Corp, saying the two companies had already begun meetings on a merger plan.

Occidental Petroleum on Thursday sought to scuttle the proposed deal, submitting a higher, $38 billion cash-and-stock offer for Anadarko. Anadarko’s board said on Thursday it would evaluate the new proposal.

“I’ll just remind everyone that we’ve got a signed deal that has been approved by both boards and we’ve moving forward with integration planning,” said Chevron Chief Executive Michael Wirth on a conference call with analysts. He said a “sizeable” group of employees had already met.

Wirth declined to say whether Chevron would raise its offer in light of Occidental’s higher bid. Chevron has the ability revise the structure of its 75 percent stock, 25 percent cash bid, Chevron finance chief Pierre Breber said on the same call. “We could put more cash in if that’s what Anadarko wanted to do,” he said.

(Reporting by Gary McWilliams; Editing by James Dalgleish)

Source: OANN

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FILE PHOTO: Naqvi Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the WEF in Davos
FILE PHOTO: Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich/File Photo

April 26, 2019

By Tom Arnold

LONDON (Reuters) – A London court case to extradite Arif Naqvi, founder of collapsed private equity firm Abraaj Group, to the United States on fraud charges was adjourned until May 24, a court official said on Friday.

Naqvi was remanded in custody until that date, the official said. A former managing partner of Dubai-based Abraaj, Sev Vettivetpillai, was released on conditional bail to appear again at Westminster Magistrates Court on June 12, the official said.

Under the U.S. charges, both men are accused of defrauding U.S. investors by inflating positions held by Abraaj in order to attract greater funds from them, causing them financial loss, the official said.

Vettivetpillai could not be reached for a comment.

Naqvi, in a statement released through a PR firm, has pleaded innocent.

The U.S. Securities and Exchange Commission alleges that Naqvi and his firm raised money for the Abraaj Growth Markets Health Fund, collecting more than $100 million over three years from U.S.-based charitable organizations and other U.S. investors.

Naqvi and Vettivetpillai were arrested in Britain earlier this month. Another executive, Mustafa Abdel-Wadood was arrested at a New York hotel, Assistant U.S. Attorney Andrea Griswold said at a hearing in Manhattan federal court on April 11.

Abdel-Wadood appeared at the Manhattan hearing and pleaded not guilty to securities fraud, wire fraud and conspiracy charges.

(Editing by Jane Merriman)

Source: OANN

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Former Vice President Joe Biden announces his 2020 candidacy
Former U.S. Vice President Joe Biden announces his candidacy for the Democratic presidential nomination in this still image taken from a video released April 25, 2019. BIDEN CAMPAIGN HANDOUT via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES

April 26, 2019

By James Oliphant

WASHINGTON (Reuters) – Former U.S. Vice President Joe Biden, in his first interview as a Democratic presidential candidate, said on Friday that he does not believe he treated law professor Anita Hill badly during the 1991 confirmation hearings for Supreme Court Justice Clarence Thomas.

Biden had joined the burgeoning 2020 Democratic field a day earlier.

Biden’s conduct during those hearings, when he was chairman of the U.S. Senate Judiciary Committee, became a renewed subject of controversy after the New York Times reported that Biden had called Hill earlier this month in the run-up to his presidential bid and that Hill was dissatisfied with Biden’s expression of regret.

Appearing on ABC’s “The View,” Biden largely defended his actions as a senator almost 30 years ago, saying he believed Hill’s allegations of sexual harassment levied at Thomas and tried to derail his confirmation.

Activists have long been unhappy that Hill was questioned in graphic detail by the all-white, all-male committee chaired by Biden.

“I’m sorry she was treated the way she was treated,” Biden said, but later, he asserted, “I don’t think I treated her badly. … How do you stop people from asking inflammatory questions?”

“There were a lot of mistakes made across the board and for those I apologize,” he said.

Biden praised Hill as “remarkable” and said she is “one of the reasons we have the #MeToo movement.”

Asked why he had not reached out to Hill earlier, Biden said he had previously publicly stated he had regrets about her treatment and that he “didn’t want to quote invade her space.”

That seemed to be a reference to another controversy that looms over Biden’s presidential run: allegations by several women that he made them uncomfortable by touching them at political events.

Biden also addressed that criticism, saying he was now more “cognizant” about a woman’s “private space.” But he maintained that he had been “trying to bring solace.”

He suggested he was still trying to sort out the guidelines for his conduct going forward.

“I should be able to read better,” he said. “I have to be more careful.”

Pressed by the show’s panel for an apology to his accusers, Biden would not entirely capitulate.

“So, I invaded your space,” he replied. “I mean, I’m sorry this happened. But I’m not sorry in a sense that I think I did anything that was intentionally designed to do anything wrong or be inappropriate.”

Biden, 76, served as former President Barack Obama’s vice president for two terms. He is competing with 19 others for the Democratic presidential nomination and the chance to likely face President Donald Trump next year in the general election.

His first public event as a presidential candidate is scheduled for Monday in Pittsburgh.

(Reporting by James Oliphant; editing by Jonathan Oatis)

Source: OANN

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FILE PHOTO: The logo of Tesla is seen in Taipei
FILE PHOTO: The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu/File Photo

April 26, 2019

By Noel Randewich

SAN FRANCISCO (Reuters) – Tesla Inc’s stock slumped over 4% on Friday to its lowest price in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors.

With investors betting Tesla will soon raise capital, the stock has fallen 13% for the week to its lowest level since January 2017, before the launch of the Model 3 sedan aimed at making the electric car maker profitable.

One positive development for Tesla: a U.S. District Court judge on Friday granted a request by Musk and the Securities and Exchange Commission for a second extension to resolve a dispute over Musk’s use of Twitter.

On Wednesday, Tesla posted a worse-than-expected loss of $702 million for the March quarter. Musk said Tesla would return to profit in the third quarter and that there was “some merit” to raising capital.

Musk is still battling to convince investors that demand for the Model 3, the company’s first car aimed at the mass consumer market, is “insanely” high, and that it can be delivered efficiently to customers around the world.

Tesla ended its first quarter with $2.2 billion, down from $3.7 billion in the prior quarter, and the company is planning expansions including a Shanghai factory, an upcoming Model Y SUV, and other projects.

(GRAPHIC: Tesla’s cash – https://tmsnrt.rs/2DyJjX6)

On Monday, Musk hosted a self-driving event, where he predicted Tesla would have over a million autonomous vehicles by next year. Some analysts perceived the presentation as a way to deflect attention from questions about demand, margin pressure, increasing competition and even Musk’s ongoing battle with U.S. regulators.

Tesla’s stock has now fallen 29 percent in 2019 and the company’s market capitalization has declined to $41 billion from $63 billion in mid-December.

(GRAPHIC: Tesla’s declining market cap – https://tmsnrt.rs/2Dwd62r)

Analysts now expect Tesla’s revenue to expand 19% in 2019, compared with 83% growth in 2018 and 68% growth in 2017, according to Refinitiv.

Following Tesla’s quarterly report, 12 analysts recommend selling the stock, while 11 recommend buying and eight are neutral. The median analyst price target is $275, up 16% from the stock’s current price of $236. Berenberg analyst Alexander Haissl has the most optimistic price target, at $500, while Cowen and Company’s Jeffrey Osborne has the lowest, at $160, according to Refinitiv.

(Reporting by Noel Randewich; editing by Jonathan Oatis)

Source: OANN

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Former CIA Director John Brennan pushed back Friday on President Trump’s charge that he knew about or participated in an attempt to overthrow the American government.

“I don’t think it’s surprising at all that we continue to hear the sociopathic ramblings of Mr. Trump claiming that there was this effort to try to prevent him from being elected or to unseat him,” he told MSNBC’s Hallie Jackson.

Brennan was reacting to comments Trump made during an interview with Sean Hannity on Thursday night.

Trump specifically criticized Brennan, along with former Director of National Intelligence James Clapper, former FBI Director James Comey, and former Deputy FBI Director Andrew McCabe, in the fiery interview.

ROSENSTEIN SLAMS OBAMA ADMINISTRATION FOR CHOOSING ‘NOT TO PUBLICIZE FULL STORY’ OF RUSSIA HACKING

His comments followed the release of Special Counsel Robert Mueller‘s report which stopped short of accusing the president of either obstruction of justice or collusion with Russia.

Brennan added he welcomed further investigation into his and other officials’ conduct while they served in government. “I’ve testified in front of Congress … Absolutely, I’ll do it again,” he said.

Brennan also disputed Sen. Rand Paul’s, R-Ky., claim that he “insisted that the unverified and fake Steele dossier be included in the Intelligence Report.”

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Journalist Bob Woodward similarly promoted the idea that the CIA pushed to include the Steele dossier in the intelligence community assessment surrounding Russian election interference.

“That’s absolutely incorrect and 180 degrees from the truth. It was CIA that was pushing not to have it included and not to be taken into account at all in that intelligence community assessment.

Source: Fox News Politics

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