Upcoming shows
Real News

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

NFL notebook: Rosen calls life in limbo ‘annoying’

FILE PHOTO: NFL: Jacksonville Jaguars at Tennessee Titans
FILE PHOTO: Dec 6, 2018; Nashville, TN, Jacksonville Jaguars executive vice president of football operations Tom Coughlin looks on before a game aTennessee Titans at Nissan Stadium. Mandatory Credit: Kirby Lee-USA TODAY Sports

April 19, 2019

Arizona Cardinals quarterback Josh Rosen spoke publicly for the first time Thursday about the limbo he finds himself in with the team that drafted him last year, telling SI TV that it’s “annoying” but that he “definitely understands the situation.”

The Cardinals hold the No. 1 pick in next week’s NFL draft and speculation is rampant that the team, with new coach Kliff Kingsbury at the helm, will select former Oklahoma quarterback and Heisman Trophy winner Kyler Murray.

“I definitely understand the situation,” Rosen told SI TV. “I mean, it’s annoying but, like, it is what it is. Football’s a business, and I definitely respect the higher-ups and their decisions. … Whatever decisions are made, it’s my duty to prove them right if they keep me, and prove them wrong if they ship me off.”

The Cardinals went 3-13 last year under former coach Steve Wilks. Rosen started 13 games and passed for 2,278 yards, throwing for 11 touchdowns against 14 interceptions in his rookie season. Rosen was conspicuous in his omission from the Cardinals’ hype video — save for a brief shot of him 56 seconds in — released earlier Thursday along with a 2019 promotional calendar.

–The Carolina Panthers restructured the contract of star linebacker Luke Kuechly to free up more than $7 million in cap space, ESPN reported.

The Panthers converted $9.05 million of Kuechly’s 2019 salary into a bonus, a move that gives the cap-strapped club an additional $7.24 million to play with one week ahead of the draft, according to the report. The Panthers had just $1.34 million in cap space prior to the restructure.

It’s the second consecutive year the Panthers have given Kuechly upfront money. The 28-year-old linebacker is coming off his fifth first-team All-Pro bid. Kuechly posted 130 tackles — including a career-high 20 for loss — last year to go with two sacks and an interception in 16 games.

–Speaking during the Jacksonville Jaguars’ annual state of the franchise address, team executive vice president of football operations Tom Coughlin spoke about team attendance at this week’s organized team activities and criticized those not in attendance.

“We’re very close to 100 percent attendance, and quite frankly, our players should be here building the concept of team, working hard side by side, constructing our bond of togetherness, formulating our collective priorities and goals,” Coughlin said, via ESPN.

The players not in attendance are All-Pro cornerback Jalen Ramsey — who also missed last offseason’s program to train at his father’s facility in Nashville, Tenn. — and starting linebacker Telvin Smith. Following Coughlin’s comments, the NFLPA tweeted a statement from president Eric Winston reiterating that such activities are voluntary and that coaches and executives are prohibited “from threatening players to participate in voluntary workouts.”

–Washington Redskins defensive end Matt Ioannidis agreed to a three-year extension worth $21.75 million, NFL Network reported.

Ioannidis was drafted 152nd overall in 2016 out of Temple and was entering the final year of his rookie contract. In 38 career games, Ioannidis has 19 starts and 12.0 sacks, including 7.5 last season.

–The Houston Texans expect wide receiver Will Fuller to be on the field for their season-opening Monday night game against the Saints at New Orleans, team general manager Brian Gaine told the team’s website.

Fuller emerged as a dangerous deep threat in his third season in 2018, catching 32 passes for 503 yards and four touchdowns through seven games but suffered a torn ACL in Week 8 against Miami.

–Field Level Media

Source: OANN

0 0

Minnesota businessman suspected of killing wife, then self

A prominent businessman who once held a stake in the Minnesota Vikings apparently fatally shot his wife before killing himself.

The Hennepin County Medical Examiner issued a report Friday that concluded 77-year-old Alexandra Light Jacobs died of multiple gunshot wounds. The medical examiner says 77-year-old Irwin Lawrence Jacobs died of multiple self-inflicted gunshot wounds.

Police say their bodies were found Wednesday morning in bed with a gun at their lakefront home in Orono. The family has scheduled a memorial service Monday afternoon at the Lafayette Club on Lake Minnetonka.

Irwin Jacobs was part-owner of the Vikings in the 1980s and also owned household products company J.R. Watkins Co.

Source: Fox News National

0 0

Britain to set up new watchdog to police auditors

FILE PHOTO: Britain's Secretary of State for Business Greg Clark gives a speech at the EEF National Manufacturing conference, in London
FILE PHOTO: Britain's Secretary of State for Business Greg Clark gives a speech at the EEF National Manufacturing conference, in London, Britain, February 19, 2019. REUTERS/Hannah McKay

March 11, 2019

By Huw Jones

(Reuters) – Britain will create a new regulator to police accountants who check the books of companies in response to collapses at construction firm Carillion and retailer BHS that triggered calls for root-and-branch reform of the audit sector its supervision.

Business minister Greg Clark said on Monday a new, more powerful regulator would replace the Financial Reporting Council (FRC), criticized by lawmakers for being “timid” in its handling of accountants and too close to the “Big Four” accounting firms that dominate auditing – PwC, KPMG, Deloitte and EY.

“This new body will build on our status as a great place to do business and will form an important part of strengthened public trust in business and the regulations that govern them,” Clark said in a statement.

He was responding to recommendations from an independent review by John Kingman to scrap what it called the “creaky” FRC and create a new Audit, Reporting and Governance Authority (ARGA).

Clark, who published a consultation paper on implementing the Kingman review on Monday, said the setting up of new leadership at the top of the FRC, which will transition into the new authority, would begin shortly with the recruitment process for chair and deputy chair.

The new watchdog will for the first time have powers to make direct changes to accounts rather than apply to a court to do so. It will have duties to protect the interests of customers and the public, and regulate the biggest audit firms directly.

There will also be tougher sanctions in cases of corporate failure, including powers to require “rapid explanations” from companies and in the most serious cases, publish a report about the company’s conduct and management.

The Investment Association, which represents asset manager that invest in companies, said it was vital the new regulator was established as soon as possible and properly reflected the voice of investors.

Britain’s Competition and Markets Authority (CMA) has proposed shaking up the audit market by requiring the top 350 listed companies in Britain to have two auditors, one of them not from among the Big Four, in order to improve standards.

Legislation will be needed to implement some of the Kingman and CMA reforms, and Clark is due to be quizzed by lawmakers on Wednesday on when he proposes bringing a draft law before a parliament clogged with business related to Britain’s departure from the European Union.

(Reporting by Huw Jones; Editing by Mark Potter)

Source: OANN

0 0

Elliott pushes for Hyundai shareholder support after dividend proposals rejected

Employees of Hyundai Motor Group attend the company's new year ceremony in Seoul
FILE PHOTO: Employees of Hyundai Motor Group attend the company's new year ceremony in Seoul, South Korea, January 2, 2019. REUTERS/Kim Hong-Ji

February 27, 2019

SEOUL (Reuters) – Elliott Management Corp on Wednesday urged shareholders of a Hyundai Motor Group firm to vote for its proposal for higher dividends and new board members, a day after the South Korean conglomerate rejected demands by the U.S. activist investor.

A growing dispute between the two has complicated efforts to revamp South Korea’s No.2 conglomerate and pave the way for the group’s executive vice-chairman, Euisun Chung, to take over as group chairman from his 80-year-old father Mong-Koo Chung.

Hyundai Motor and Hyundai Mobis, under pressure to address excess cash and governance structures, on Tuesday rejected Elliott’s demands for a combined 7 trillion won ($6.3 billion) dividend payout, well above the companies’ proposed payouts of nearly 1 trillion won.

The companies also rejected Elliot’s call for new board and audit members. Investors of Hyundai Motor and Hyundai Mobis will decide which proposals to support at their respective general shareholders meetings on March 22.

Elliott, in an open letter released on Wednesday, urged Hyundai Mobis shareholders to vote for its proposals.

“We are … asking today for all shareholders to support these landmark resolutions, which are designed to both transform governance and right-size the company’s overcapitalized balance sheet,” Elliott’s letter to Hyundai Mobis shareholders says.

Hyundai Motor and Hyundai Mobis shares finished up 5.3 percent and 3.8 percent, respectively, on Wednesday as investors licked their lips at the prospect of higher returns and a favorable restructuring plan due to Elliott’s pressure.

“We expect a vote showdown at the upcoming meeting, which will create a favorable environment for minority shareholders,” Chung Yong-jin, an analyst with Shinhan Investment and Securities, said.

Elliott had proposed a 2018 dividend of 4.5 trillion won for Hyundai Motor and 2.5 trillion won for auto parts supplier Hyundai Mobis, but the companies rejected the proposals, saying the plans would undermine their future competitiveness.

Hyundai Motor said on Wednesday it plans to boost the core automotive businesses’ operating profit margin to 7 percent by 2022 from 2.1 percent in 2018, and announced 45.3 trillion won investment plan over the next five years. [S6N1US00Y]

Opposition from Elliott led Hyundai to drop an attempt to overhaul its ownership structure last year. Euisun Chung pledged in January to complete a restructuring expected to pave the way for him to take the reins of the group.

The group is likely to come up with a revised restructuring plan that is expected to be put to a vote at an extraordinary shareholders’ meeting in April or May, experts have said.

(Reporting by Hyunjoo Jin, Writing by Miyoung Kim; Editing by Himani Sarkar)

Source: OANN

0 0

The Fall of The Democrats Is Here: Watch Them Eat Their Own

Super Male Vitality

Limited Advanced Release

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Super Male Vitality

69.95

31.47

The all new and advanced Super Male Vitality formula uses the newest extraction technology with even more powerful concentrations of various herbs and extracts designed to be even stronger.

https://www.infowars.com/wp-content/uploads/2016/02/smv-200.jpg

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

https://www.infowarsstore.com/super-male-vitality.html?ims=jftqm&utm_campaign=IW+-+SuperMale+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SuperMale-55%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

Brain Force Plus

39.95

15.98

Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS: 20% more capsules and a critically enhanced formula featuring a brand new ingredient and increased potency* – all for the same low price.

https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

https://www.infowarsstore.com/brain-force.html?ims=bnlem&utm_campaign=IW+-+Brain+Force+-STFA+-+60%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-BrainForce-60%25off-Widget

Survival Shield X-2 – Nascent Iodine

39.95

17.95

Leading the way into the next generation of super high -quality nascent iodine, Infowars Life Survival Shield X-2 is back and available for you to purchase!

https://www.infowars.com/wp-content/uploads/2016/02/x2-200.jpg

https://www.infowarsstore.com/survival-shield-x-2-nascent-iodine.html?ims=jyedx&utm_campaign=IW+-+SSX2+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SSX2-55%25off-Widget

https://www.infowarsstore.com/survival-shield-x-2-nascent-iodine.html?ims=jyedx&utm_campaign=IW+-+SSX2+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SSX2-55%25off-Widget

Survival Shield X-2 – Nascent Iodine

39.95

17.95

Leading the way into the next generation of super high -quality nascent iodine, Infowars Life Survival Shield X-2 is back and available for you to purchase!

https://www.infowars.com/wp-content/uploads/2016/02/x2-200.jpg

https://www.infowarsstore.com/survival-shield-x-2-nascent-iodine.html?ims=jyedx&utm_campaign=IW+-+SSX2+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SSX2-55%25off-Widget

https://www.infowarsstore.com/survival-shield-x-2-nascent-iodine.html?ims=jyedx&utm_campaign=IW+-+SSX2+-STFA+-+55%25+Off+-+Widget&utm_source=Infowars+Widget&utm_medium=Widget&utm_content=IW-STFA-SSX2-55%25off-Widget

Source: InfoWars

0 0

The Latest: Proposed UN resolution demands de-escalation

The Latest on developments In Libya (all times local):

5:10 p.m.

A proposed U.N. resolution demands that all parties in Libya immediately de-escalate the fighting and commit to a cease-fire.

The British-drafted resolution also calls on all parties to immediately re-commit to attending a U.N.-facilitated political dialogue "and work toward a comprehensive political solution to the crisis in Libya."

The draft resolution, circulated to Security Council members and obtained Tuesday by The Associated Press, expresses "grave concern" at military activity near the capital Tripoli which began after Field Marshal Khalifa Hifter's self-styled Libyan National Army launched its offensive on April 3.

It says the offensive "threatens the stability of Libya" and prospects for the national dialogue and a political solution in Libya and has had a "serious humanitarian impact."

Security Council members have been divided over Hifter's offensive.

___

11:20 a.m.

The U.N. migration agency says recent clashes between rival Libyan militias for control of Tripoli have displaced more than 18,000 people.

U.N. spokesman Stephane Dujarric said on Monday in New York that the International Organization for Migration reported that 13 civilians are among the 146 killed so far in clashes since the self-styled Libyan National Army launched a major military offensive on April 5.

Dujarric says around 3,000 migrants remain trapped in detention centers in and close to conflict areas.

The fighting pits the Libyan National Army, led by commander Khalifa Hifter against militias affiliated with Tripoli's U.N.-backed government.

The clashes threaten to re-ignite civil war such as the 2011 one that toppled and killed longtime dictator Moammar Gadhafi. Libya is split between rival governments in the east and west.

Source: Fox News World

0 0

India’s RCom jumps after Mukesh Ambani bails out brother Anil on Ericsson dues

FILE PHOTO: To match Feature INDIA-BUSINESS/FAMILIES
FILE PHOTO: Mukesh Ambani (L), chief of India's Reliance Industries, and Anil Ambani, chairman of Reliance Communications, are pictured in this combination image of file photos. REUTERS/Denis Balibouse/Adeel Halim

March 19, 2019

(Reuters) – Shares of Anil Ambani-led Reliance Communications Ltd (RCom) were locked in the upper circuit on Tuesday after his elder brother Mukesh Ambani helped pay off debt owed to Sweden’s Ericsson.

Telecom equipment maker Ericsson received 4.62 billion rupees ($67.42 million) from RCom as unpaid dues from a deal it had signed in 2014, a spokeswoman said on Monday.

India’s richest man Mukesh Ambani, who controls oil-to-telecoms powerhouse Reliance Industries, appears to have offered support to ensure Anil Ambani paid off total dues of 5.5 billion rupees ($80 million) to Ericsson.

The nature of the backing or how it was delivered was unclear, but in a statement Anil Ambani thanked his billionaire brother “for standing by me during these trying times, and demonstrating the importance of staying true to our strong family values by extending this timely support”.

RCom called off the sale of its telecom assets to Reliance Jio Infocomm, the mobile telecoms firm controlled by Mukesh Ambani, citing failure to get approvals from lenders and the government.

India’s top court had last month ordered Anil Ambani and two RCom directors to pay Ericsson 4.5 billion rupees within four weeks or face a three-month jail term for contempt of court.

Share of RCom rose as much as 10 percent to 4.4 rupees, in their biggest daily percent gain since Feb. 26.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Gopakumar Warrier)

Source: OANN

NOW ON AIR
Now On Air

Story Time

1:00 am 6:00 am



The Wider Image: China's start-ups go small in age of 'shoebox' satellites
LinkSpace’s reusable rocket RLV-T5, also known as NewLine Baby, is carried to a vacant plot of land for a test launch in Longkou, Shandong province, China, April 19, 2019. REUTERS/Jason Lee

April 26, 2019

By Ryan Woo

LONGKOU, China (Reuters) – During initial tests of their 8.1-metre (27-foot) tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China’s youngest space entrepreneur, used a Kevlar tether to ensure its safe return. Just in case.

But when the Beijing-based company’s prototype, called NewLine Baby, successfully took off and landed last week for the second time in two months, no tether was needed.

The 1.5-tonne rocket hovered 40 meters above the ground before descending back to its concrete launch pad after 30 seconds, to the relief of 26-year-old chief executive Hu Zhenyu and his engineers – one of whom cartwheeled his way to the launch pad in delight.

LinkSpace, one of China’s 15-plus private rocket manufacturers, sees these short hops as the first steps towards a new business model: sending tiny, inexpensive satellites into orbit at affordable prices.

Demand for these so-called nanosatellites – which weigh less than 10 kilograms (22 pounds) and are in some cases as small as a shoebox – is expected to explode in the next few years. And China’s rocket entrepreneurs reckon there is no better place to develop inexpensive launch vehicles than their home country.

“For suborbital clients, their focus will be on scientific research and some commercial uses. After entering orbit, the near-term focus (of clients) will certainly be on satellites,” Hu said.

In the near term, China envisions massive constellations of commercial satellites that can offer services ranging from high-speed internet for aircraft to tracking coal shipments. Universities conducting experiments and companies looking to offer remote-sensing and communication services are among the potential domestic customers for nanosatellites.

A handful of U.S. small-rocket companies are also developing launchers ahead of the expected boom. One of the biggest, Rocket Lab, has already put 25 satellites in orbit.

No private company in China has done that yet. Since October, two – LandSpace and OneSpace – have tried but failed, illustrating the difficulties facing space start-ups everywhere.

The Chinese companies are approaching inexpensive launches in different ways. Some, like OneSpace, are designing cheap, disposable boosters. LinkSpace’s Hu aspires to build reusable rockets that return to Earth after delivering their payload, much like the Falcon 9 rockets of Elon Musk’s SpaceX.

“If you’re a small company and you can only build a very, very small rocket because that’s all you have money for, then your profit margins are going to be narrower,” said Macro Caceres, analyst at U.S. aerospace consultancy Teal Group.

“But if you can take that small rocket and make it reusable, and you can launch it once a week, four times a month, 50 times a year, then with more volume, your profit increases,” Caceres added.

Eventually LinkSpace hopes to charge no more than 30 million yuan ($4.48 million) per launch, Hu told Reuters.

That is a fraction of the $25 million to $30 million needed for a launch on a Northrop Grumman Innovation Systems Pegasus, a commonly used small rocket. The Pegasus is launched from a high-flying aircraft and is not reusable.

(Click https://reut.rs/2UVBjKs to see a picture package of China’s rocket start-ups. Click https://tmsnrt.rs/2GIy9Bc for an interactive look at the nascent industry.)

NEED FOR CASH

LinkSpace plans to conduct suborbital launch tests using a bigger recoverable rocket in the first half of 2020, reaching altitudes of at least 100 kilometers, then an orbital launch in 2021, Hu told Reuters.

The company is in its third round of fundraising and wants to raise up to 100 million yuan, Hu said. It had secured tens of millions of yuan in previous rounds.

After a surge in fresh funding in 2018, firms like LinkSpace are pushing out prototypes, planning more tests and even proposing operational launches this year.

Last year, equity investment in China’s space start-ups reached 3.57 billion yuan ($533 million), a report by Beijing-based investor FutureAerospace shows, with a burst of financing in late 2018.

That accounted for about 18 percent of global space start-up investments in 2018, a historic high, according to Reuters calculations based on a global estimate by Space Angels. The New York-based venture capital firm said global space start-up investments totaled $2.97 billion last year.

“Costs for rocket companies are relatively high, but as to how much funding they need, be it in the hundreds of millions, or tens of millions, or even just a few million yuan, depends on the company’s stage of development,” said Niu Min, founder of FutureAerospace.

FutureAerospace has invested tens of millions of yuan in LandSpace, based in Beijing.

Like space-launch startups elsewhere in the world, the immediate challenge for Chinese entrepreneurs is developing a safe and reliable rocket.

Proven talent to develop such hardware can be found in China’s state research institutes or the military; the government directly supports private firms by allowing them to launch from military-controlled facilities.

But it’s still a high-risk business, and one unsuccessful launch might kill a company.

“The biggest problem facing all commercial space companies, especially early-stage entrepreneurs, is failure” of an attempted flight, Liang Jianjun, chief executive of rocket company Space Trek, told Reuters. That can affect financing, research, manufacturing and the team’s morale, he added.

Space Trek is planning its first suborbital launch by the end of June and an orbital launch next year, said Liang, who founded the company in late 2017 with three other former military technical officers.

Despite LandSpace’s failed Zhuque-1 orbital launch in October, the Beijing-based firm secured 300 million yuan in additional funding for the development of its Zhuque-2 rocket a month later.

In December, the company started operating China’s first private rocket production facility in Zhejiang province, in anticipation of large-scale manufacturing of its Zhuque-2, which it expects to unveil next year.

STATE COMPETITION

China’s state defense contractors are also trying to get into the low-cost market.

In December, the China Aerospace Science and Industry Corp (CASIC) successfully launched a low-orbit communication satellite, the first of 156 that CASIC aims to deploy by 2022 to provide more stable broadband connectivity to rural China and eventually developing countries.

The satellite, Hongyun-1, was launched on a rocket supplied by the China Aerospace Science and Technology Corp (CASC), the nation’s main space contractor.

In early April, the China Academy of Launch Vehicle Technology (CALVT), a subsidiary of CASC, completed engine tests for its Dragon, China’s first rocket meant solely for commercial use, clearing the path for a maiden flight before July.

The Dragon, much bigger than the rockets being developed by private firms, is designed to carry multiple commercial satellites.

At least 35 private Chinese companies are working to produce more satellites.

Spacety, a satellite maker based in southern Hunan province, plans to put 20 satellites in orbit this year, including its first for a foreign client, chief executive Yang Feng told Reuters.

The company has only launched 12 on state-produced rockets since the company started operating in early 2016.

“When it comes to rocket launches, what we care about would be cost, reliability and time,” Yang said.

(Reporting by Ryan Woo; Additional reporting by Beijing newsroom; Editing by Gerry Doyle)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
German drug and crop chemical maker Bayer holds annual general meeting
Werner Baumann, CEO of German pharmaceutical and chemical maker Bayer AG, attends the annual general shareholders meeting in Bonn, Germany, April 26, 2019. REUTERS/Wolfgang Rattay

April 26, 2019

By Patricia Weiss and Ludwig Burger

BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.

Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting.

Bayer’s management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year’s AGM, which was held shortly before the Monsanto takeover closed in June.

A vote to ratify the board’s actions features prominently at every German AGM. Although it has no bearing on management’s liability, it is seen as a key gauge of shareholder sentiment.

“Due to the continued negative development at Bayer, high legal risks and a massive share price slump, we refuse to ratify the management board and supervisory board’s actions during the business year,” Janne Werning, representing Germany’s Union Investment, a top-20 shareholder, said in prepared remarks.

About 30 billion euros ($34 billion) have been wiped off Bayer’s market value since August, when a U.S. jury found the pesticide and drugs group liable because Monsanto had not warned of alleged cancer risks linked to its weedkiller Roundup.

Bayer suffered a similar defeat last month and more than 13,000 plaintiffs are claiming damages.

Bayer is appealing or plans to appeal the verdicts.

Deutsche Bank’s asset managing arm DWS said shareholders should have been consulted before the takeover, which was agreed in 2016 and closed in June last year.

“You are pointing out that the lawsuits have not been lost yet. We and our customers, however, have already lost something – money and trust,” Nicolas Huber, head of corporate governance at DWS, said in prepared remarks for the AGM.

He said DWS would abstain from the shareholder vote of confidence in the executive and non-executive boards.

Two people familiar with the situation told Reuters this week that Bayer’s largest shareholder, BlackRock, plans to either abstain from or vote against ratifying the management board’s actions.

Asset management firm Deka, among Bayer’s largest German investors, has also said it would cast a no vote.

Baumann said Bayer’s true value was not reflected in the current share price.

“There’s no way to make this look good. The lawsuits and the first verdicts weigh heavily on our company and it’s a concern for many people,” he said, adding it was the right decision to buy Monsanto and that Bayer was vigorously defending itself.

This month, shareholder advisory firms Institutional Shareholder Services (ISS) and Glass Lewis recommended investors not to give the executive board their seal of approval.

(Reporting by Patricia Weiss and Ludwig Burger; Editing by Alexander Smith)

Source: OANN

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

Sudan’s military, which ousted President Omar al-Bashir after months of protests against his 30-year rule, says it intends to keep the upper hand during the country’s transitional period to civilian rule.

The announcement is expected to raise tensions with the protesters, who demand immediate handover of power.

The Sudanese Professionals Association, which is spearheading the protests, said Friday the crowds will stay in the streets until all their demands are met.

Shams al-Deen al-Kabashi, the spokesman for the military council, said late Thursday that the military will “maintain sovereign powers” while the Cabinet would be in the hands of civilians.

The protesters insist the country should be led by a “civilian sovereign” council with “limited military representation” during the transitional period.

The army toppled and arrested al-Bashir on April 11.

Source: Fox News World

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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

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

Title

Artist