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German police raid 16 homes of suspected Islamic extremists

German police are searching 16 homes of alleged Islamic extremists in central and western Germany.

Frankfurt prosecutor Nadja Niesen said Thursday that authorities were acting on the suspicion that the extremists were planning an attack. Niesen said she could not give any further details because the searches were still ongoing.

Authorities raided 15 homes Thursday morning in Ruesselsheim, Biebesheim, Raumheim in the state of Hesse as well as one home in Kerpen in North Rhine-Westphalia.

Source: Fox News World

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Chicago police unions call for Cook County State’s Attorney Kimberly Foxx to resign

Police groups from in and around Chicago called Thursday for Cook County State’s Attorney Kimberly Foxx to step down, saying at a news conference they no longer had confidence in her ability to competently execute her duties in office.

The Chicago Fraternal Order of Police (FOP) and associations of police chiefs throughout Cook County voted to call for Foxx to resign, but they cautioned it was not only due to the Jussie Smollett case that has rocked the Windy City.

“This is not just about the Jussie Smollett case, which undermined the public confidence and law enforcement’s faith in Cook County criminal justice system…this is about many cases that have gone un-prosecuted or had charges reduced, especially assaults against police officers,” said Chicago FOP President Kevin Graham.

The FOP has requested a federal investigation into her conduct, Graham added.

Speaking to reporters, Graham cited the murder of an off-duty Chicago police officer, John Rivera, 23, last week in the city’s River North neighborhood.

“The persons that were involved in that case, one of them should have been in jail at the time he [Rivera] was murdered, but because the charges were reduced, he was out on the street and murdered a Chicago police officer," Graham said.

But the kickstart for the movement to remove Foxx, who took office in 2016, began when her office dropped 16 felony counts of filing a false police report for “Empire” actor Jussie Smollet in an otherwise opaque and questionable proceeding. The move outraged Chicago Police Chief Eddie Johnson and then-Mayor Rahm Emmanuel, who called it “a whitewash of justice.”

The "Empire" actor was accused of faking a racist, anti-gay attack on himself. He agreed to let the city keep his $10,000 bail. Smollett maintains his innocence and insists he was attacked.

The calls for Foxx’s resignation came on the same day Smollett was to pay more than $130,000 to Chicago for costs the city incurred investigating his allegedly staged hoax. Smollet had seven days to pay back the city, per a letter delivered to his legal team from city police officials.

An internal email obtained by Fox News from Foxx’s office asked assistant state’s attorneys to dig for any examples to bolster her claim that the dropped charges were not uncommon or unique.

Other groups have echoed the police frustrations. The Illinois Prosecutor’s Bar Association called the manner in which the Smollet case was handled “abnormal and unfamiliar.”

MAXINE WATERS SAYS IT WAS 'CORRECT THING' FOR SMOLLETT CHARGES TO BE DROPPED

The appearance of alleged impropriety is compounded by the fact that this case was not on the regularly scheduled court call, the public had no reasonable notice or opportunity to view these proceedings, and the dismissal was done abruptly at what has been called an “emergency” hearing,” an IPBA statement read.

Foxx has defended her decision and has not indicated she has any intention of resigning.

Brendan Shiller, a Chicago lawyer supportive of Foxx but not representing her, told Fox News, “They are using the Jussie Smollet case as a thin veil to protest the Cook County State's Attorney's criminal justice reform, and as an excuse to push a racist agenda of locking up black and brown people for even the most minimalist of crimes."

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He defended her record amid the torrent of protest and rancor from the police community.

“Since Foxx took office, violent crime in the County is down in part because her office is focusing on violent crime and resolutions that are alternative to incarceration--but law enforcement homicide clearance rates are still abysmal, because a large portion of law enforcement cares more about locking up black men than they care about solving violent crimes," Shiller said.

Fox News' Matt Finn in Chicago contributed to this report.

Source: Fox News National

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Strong U.S. economy boosts Walmart holiday-quarter sales, shares gain

FILE PHOTO: Walmart's logo is seen outside one of the stores in Chicago
FILE PHOTO: Walmart's logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File Photo

February 19, 2019

By Nandita Bose

(Reuters) – A strong U.S. economy boosted Walmart Inc’s holiday-quarter sales growth to the best in a decade, lifted by consumer spending in key categories like groceries and increased e-commerce purchases.

Shares of the world’s larger retailer rose nearly 4 percent on Tuesday and were up 7 percent so far this year.

Walmart’s performance and rival Target Corp’s strong holiday sales growth reflected the health of the U.S. consumer as spending remained robust due to a strong labor market and cheaper gasoline prices.

“We still feel pretty good about the consumer. We haven’t seen much of a change,” Walmart Chief Financial Officer Brett Biggs told Reuters. “The data we are seeing still looks pretty healthy. Gas prices are down year over year, which helps.”

The retailer’s performance assuaged fears about an impending slowdown in spending this year. U.S. retail sales recorded their biggest drop in more than nine years in December, the government reported last week, as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018.

Overall sales for the 2018 U.S. holiday shopping season hit a six-year high as shoppers were encouraged by early discounts, according to a Mastercard report in late December.

Walmart sales at U.S. stores open at least a year rose 4.2 percent, excluding fuel, in the fourth quarter ended Jan. 31. The gain exceeded analysts’ expectations of 2.96 percent, according to IBES data from Refinitiv.

Sales were also boosted after federal officials distributed food stamp aid early, during the partial government shutdown. The demise of retailer Toys R Us helped Walmart gain toy market share, the company said.

Adjusted earnings per share increased to $1.41 per share, beating expectations of $1.33 per share, according to IBES data from Refinitiv. But the retailer’s gross margins declined for the seventh consecutive quarter due to higher transportation costs and e-commerce investments.

Online sales jumped 43 percent in the quarter, in line with the previous quarter’s rise, helped by the expansion of Walmart’s online grocery pickup and delivery services and a broader assortment on its website.

But the company reiterated that it expected e-commerce losses to increase this year due to ongoing investments. Chief Executive Officer Doug McMillon said on a conference call the company was focused on getting return customer visits and strengthening product assortment.

The company has expanded a program that allows customers to order groceries online and pick them up at its U.S. stores, a move the retailer said helped expand market share in the category. It said it will have the service at 3,100 stores by next January. At the end of the fourth quarter it was offered at more than 2,100 stores.

Walmart will offer grocery deliveries to about 800 more stores by the end of the year, bringing the total to 1,600 stores.

Grocery sales currently make up 56 percent of total revenue for the retailer. Amazon.com Inc is trying to crack the food category, especially since it bought organic supermarket chain Whole Foods.

Walmart is partnering with third-party couriers and working with so-called gig, or freelance, drivers, who are cheaper than full-time employees, to push down costs, Reuters recently reported.

Google-backed Deliv, a Walmart delivery partner in Miami and San Jose, ended its relationship with the retailer, Reuters reported last week.

The U.S. retailer, which overtook Apple Inc to become the third largest e-commerce retailer last year, is likely to capture a 4.6 percent share of the U.S. e-commerce market, behind eBay Inc and Amazon, according to research firm eMarketer.

Walmart repeated its forecast that fiscal year 2020 earnings per share would decline in the low single digits in percentage terms, compared with last year. Excluding the acquisition of Indian e-commerce firm Flipkart, it sees an increase in the low- to mid-single-digits.

McMillon said the company was disappointed in India’s revised e-commerce regulations, which ban companies from selling products via firms in which they have an equity interest and also bar them from making deals with sellers to sell exclusively on their platforms.

He said the Indian government didn’t consult with Walmart and other U.S. companies before it changed the rules. “We hope for a collaborative regulatory process going forward, which results in a level playing field,” he said.

Walmart expects fiscal year 2020 comparable sales growth of 2.5 percent to 3 percent, excluding fuel and online sales growth of 35 percent.

Total revenue increased 1.9 percent to $138.8 billion, beating analysts’ estimates of $138.65 billion. Walmart has recorded 18 quarters, or over four straight years of U.S. comparable sales growth, unmatched by any other retailer.

The stock rose 3.9 percent to $103.93. Target and Costco Wholesale Corp were both up more than 1 percent.

(Reporting by Nandita Bose in Washington; Editing by Jeffrey Benkoe)

Source: OANN

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PC maker Lenovo returns to third-quarter profit, beats estimates

FILE PHOTO: A Lenovo ultrabook and a tablet are displayed during a news conference in Hong Kong
FILE PHOTO: A Lenovo ultrabook and a tablet are displayed during a news conference in Hong Kong, China May 21, 2015. REUTERS/Bobby Yip/File Photo

February 21, 2019

By Sijia Jiang and Donny Kwok

HONG KONG (Reuters) – Lenovo Group Ltd said on Thursday it swung back to a net profit in the December quarter, beating market expectations, due to a strong performance across its major business groups.

Profit for the quarter was $233 million, versus a loss of $289 million in the same period a year earlier when the world’s largest personal computer (PC) maker by shipments took a one-off hit following U.S. tax reform.

The result was ahead of the $207 million average of 10 analyst estimates compiled by Refinitiv.

Revenue rose 8.5 percent to $14.04 billion on a strong performance in its PC and Smart Device business and its Data Center business, just beating the $13.95 billion analyst view.

Its Mobile Business Group also recorded a pre-tax profit for the first time since it bought Motorola in 2014 for $2.9 billion, having struggled to integrate the assets.

Lenovo said revenue for its PC and Smart Device Business rose 12 percent in the three months period.

(Reporting by Sijia Jiang; Editing by Christopher Cushing and Richard Pullin)

Source: OANN

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Congress Should ‘Move On’ After Mueller Probe, Poll Shows

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Source: InfoWars

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Trump Calls on Schiff to Resign

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War Room – 2019-April 25, Thursday – Trump’s War Against The Deep State Has Only Just Begun

Criminal indictments for Deep State operatives involved in the Russia witch hunt are coming soon. Will Johnson is joined by special guest Aynaz Anni Cyrus to discuss Islam and more on this Thursday, April 25 edition of War Room, LIVE from 3-6PM CT!

Source: The War Room

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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