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Mnuchin vows to follow law on request for Trump’s tax returns

FILE PHOTO: U.S. President Trump declares a national emergency at the southern border during remarks at the White House in Washington
FILE PHOTO: U.S. President Donald Trump pauses during his declaration of a national emergency at the U.S.-Mexico border during remarks about border security in the Rose Garden of the White House in Washington, U.S., February 15, 2019. REUTERS/Carlos Barria/File Photo

April 15, 2019

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Monday said he would follow the law regarding Congress’ request for U.S. President Donald Trump’s tax returns but reiterated his concerns about lawmakers’ demands.

“We’re analyzing the law, we’re consulting with the Department of Justice,” Mnuchin said in an interview on Fox Business Network ahead of an April 23 deadline imposed by Democrats in the U.S. House of Representatives. “I will follow the law.”

(Reporting by Susan Heavey and Makini Brice)

Source: OANN

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China tech firms, seeking passion and energy, promote younger staff

FILE PHOTO: A man walks past a poster showing the QR codes for job-seeking information during an internet expo at the fifth WIC in Wuzhen
FILE PHOTO: A man walks past a poster showing the QR codes for job-seeking information during an internet expo at the fifth World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 7, 2018. REUTERS/Jason Lee/File Photo

March 25, 2019

By Sijia Jiang and Pei Li

HONG KONG/BEIJING (Reuters) – Chinese tech giants are in the hunt for young, energetic staff to take the place, in some cases, of veteran managers.

The companies deny that the moves, which are worrying some older employees, reflect any discrimination based on age. Explicit age discrimination is illegal in many countries, though not in China.

Chinese tech companies are known to prefer young workers, in part because of demands such as the so-called “996” schedule that asks employees to work 9 a.m. to 9 p.m., six days a week.

On Thursday, Tencent Holdings confirmed plans to reshuffle 10 percent of its managers.

“Let some older members of management retire from their positions,” Tencent Holdings President Martin Lau said. “Their jobs will be taken up by younger people, new colleagues who may be more passionate.”

Asked to elaborate on the reshuffle, Tencent cited its annual report as stating its employment practice complies with laws and regulations and “does not discriminate on the grounds of gender, ethnicity, race, disability, age, religious belief, sexual orientation or family status”.

Analysts said the move to promote younger managers is driven in part by the rise of a new generation of Chinese internet companies such as Pinduoduo and Bytedance, which are mostly run by entrepreneurs and engineers born in the 1980s or 1990s.

“The environment and external pressures are pushing these companies to reform, if the leadership is too old, it’s easy for them to fall behind,” said Li Chengdong, a Beijing-based tech analyst who used to work at Tencent and e-commerce giant JD.com Inc.

“In the U.S. and Europe you rarely see companies going through structural reform every other year, but it’s quite common in China… core leadership can be replaced within a very short amount of time.”

RETIREMENT PLAN

At Baidu, CEO Robin Li said in an internal letter – which the company made public – that it plans to accelerate efforts to become more youthful this year by promoting more workers born after 1980, and also announced an executive retirement plan.

The first executive to leave under that plan is its president for new business, Zhang Yaqin, who will retire in October, Li said. Local media reported Zhang’s age as 53.  

“For senior managers which have worked hard for the company and accompanied its growth, if they want to choose a new life because of personal or family reasons, we will take care of them under the executive retirement plan,” Li wrote.

A Baidu spokesman said that age is not a factor in whether managers chose to retire or not and that it was up to them if they wanted to join the plan.

Lei Jun, chief of Chinese smartphone maker Xiaomi, said at a news conference on March 20 that the company was appointing new, younger general department managers as part of an organisational restructuring.

A Xiaomi spokesman said the company was not cutting the senior management team but that it needed to promote “younger talents” to support its rapid expansion.

Chinese tech workers in their 30s and 40s told Reuters they had come to accept the industry’s preference for youth but worried that it was becoming more extreme, especially in up-and-coming fields such as artificial intelligence.

“I’m not worrying so much about losing my job, but certainly there is worry that I will not get promoted,” said a 38-year-old engineer at JD.com. Like other employees interviewed for this story, he declined to be identified because he is not authorised to speak to the media.

A JD.com spokeswoman said it did not discriminate and that any high-performing employee is eligible for promotion.

LONGER TIME TO PROGRESS

A 29-year-old female programmer for one of China’s top short video platforms said ageism was of greater concern to women.

“It can take a longer time for women to progress to the better jobs, so the age restriction more heavily affects women,” she said. “There is definitely the feeling that if you are older, you won’t understand the product.”

Older workers have few legal options.

“The only recourse Chinese workers have is if they’re not properly compensated once they’re laid off,” said Geoffrey Crothall of China Labour Bulletin, a Hong Kong-based labour rights group.

While age discrimination is illegal in the United States, it is often hard to prove. Bias in favour of younger workers often shows itself openly in the Silicon Valley start-up scene, where investors often prefer to back entrepreneurs in their 20s and 30s.

In China, some in the tech industry said older employees could still get ahead if they were top performers. At telecom giant Huawei Technologies Co Ltd, known for an aggressive internal culture where everyone’s contract is up for renewal every few years, one employee defended the approach as common in the industry. Huawei declined to comment.

“Companies are moving away from the traditional iron rice bowl type of mentality,” he said.

(Additional reporting by Cate Cadell in Beijing and Josh Horwitz in SHANGHAI; Writing by Brenda Goh; Editing by Jonathan Weber and Richard Borsuk)

Source: OANN

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South Carolina fifth grader died due to natural causes, not fight with fellow student, prosecutor says

South Carolina fifth grader Raniya Wright, who died shortly after a fight with another student at her elementary school last month, died due to natural causes, a prosecutor said on Friday.

Wright's family claimed she was being consistently bullied by another student in her class at Forest Hills Elementary, and the student baited her into a fight on March 25, during which the 10-year-old reportedly suffered substantial injuries after hitting her head on a bookshelf.

Prosecutor Duffie Stone said in a press conference on Friday that Wright's death was the result of a congenital condition called an arteriovenous malformation, a tangle of abnormal blood vessels in the brain. The child had repeatedly complained of headaches in the days and weeks before her death.

She added that no criminal charges would be brought against the student who allegedly fought Wright after the findings were revealed by the county coroner.

WOMAN GETS JAIL FOR RUNNING OVER SON IN SCHOOL PARKING LOT

"There was no evidence of trauma on or inside her body ... that would indicate that any fight (of) any magnitude contributed to her death," Stone said.

Authorities say that Wright and another student engaged in a fight during class on March 25, which did not involve any weapons. Wright was taken to the nurse, and paramedics later arrived to find the girl unconscious.

She was taken to a nearby hospital, then airlifted to the Medical University of South Carolina about an hour away in Charleston. She died two days later.

CALIFORNIA COUPLE WHO SHACKLED CHILDREN FACE LIFE IN PRISON

The Colleton County School district, which includes Wright's elementary school, issued a statement at the time describing the girl as bright, kind and involved.

“Our community has suffered a tremendous loss,” the statement read. “Raniya was a wonderful student. She loved to write, spend time with her friends, play basketball, and loved being a big sister. She was actively involved in her church as a junior usher.

"She will be missed greatly by her family, friends and the entire school.”

CLICK HERE TO GET THE FOX NEWS APP

Fox News' Paulina Dedaj and the Associated Press contributed to the reporting of this story. 

Source: Fox News National

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Connecticut Gun Owner’s Guns Confiscated After Allegedly Making Private Threats

Connecticut appears to treat gun owners differently than anti-gun activists.

Last week, an anti-gun activist was caught allegedly threatening a Connecticut politician.

“If I had a gun, I’d blow away Sampson and a large group of NRA,” a photo of a text message she was in the midst of creating revealed.

The sender of the text was escorted out but faced no further punishment.

“We investigated it and we didn’t feel there was a threat,” Lt. Glen Richards of the Connecticut Capitol Police stated.

When a Connecticut gun owner made similar private threats, however, the full force of the law was employed against him.

On Aug. 29, 2014, Edward “Ted” Taupier, of Cromwell, Connecticut, was part of an email discussion when he said this about his divorced judge, Elizabeth Bozzuto: “Bozzuto lives in Watertown with her boys and Na! … There [are] 245 [yards] between her master bedroom and a cemetery that provides cover and concealment. They could try and put me in jail but that would start the ringing of a bell that can be undone.”

At the time he wrote the email, Bozzuto had ordered no contact between Taupier and his two children for more than three months, he told The Daily Caller.

Bozzuto was not one of the recipients of the email; instead, it was a discussion between other court litigants and activists.

One of the recipients, Jennifer Verraneault, days later shared the email with an individual at the Greater Hartford Legal Aid Society, a state legislator and others. A copy made its way to the Connecticut Judicial Marshals before Bozzuto received a screenshot, Taupier said.

Verraneault and Bozzuto did not return emails for comment.

This triggered an investigation and on Aug. 29, 2014, the Connecticut State Police filed a risk warrant against Taupier.

That risk warrant cited Taupier’s gun collection: “That an inquiry through the State of Connecticut Department of Emergency Services and Public Protection Special Licensing and Firearm Unit database revealed Edward Taupier has a valid Connecticut pistol permit and twelve firearms.”

“If a referral was made to the Connecticut State Police it would have to be investigated fully,” a representative of the Connecticut State Police told the Caller, noting further that a risk warrant was determined to be appropriate.

Risk warrants are the result of so-called red flag laws and Connecticut was the first to pass such a law in 1999.

They allow law enforcement to temporarily remove firearms from individuals deemed dangerous without that individual being charged with a crime as long as a judge signs a warrant.

The risk warrant against Taupier was as a result of Connecticut’s “red flag law.” Taupier said the Connecticut State Police used overwhelming force to execute the warrant.

“It took 15 members of SEAL Team Six to kill Bin Laden, but 75 to 100 SWAT members to arrest me,” Taupier said.

Though not charged with a crime, Taupier’s guns were confiscated, he was taken into custody and Taupier said his bond was in excess of $1 million. He was also placed on two ankle monitors with a GPS device monitoring.

Connecticut Judge David Gold, who ordered the restrictions, did not respond to a request for comment.

Ironically, Judge Bozzuto recused herself from Taupier’s divorce and the judge who replaced her ordered visitation for Taupier starting in December 2014.

Even though the risk warrant was later dismissed, Taupier was kept on ankle monitors and his guns stayed confiscated until he was formally charged on Nov. 14, 2014. Taupier opted for a bench trial, but before a decision could be made, the U.S. Supreme Court made a pertinent decision.

In Elonis vs. United States, the court heard another case involving a threat made in a divorce. In the case, Anthony Elonis said on Facebook, referring to his ex-wife, “Took all the strength I had not to turn the bitch ghost. Pull my knife, flick my wrist, and slit her throat.”

The U.S. Supreme Court, in an 8-1 decision, reversed a lower court and said those words did not constitute a “true threat.” Chief Justice John Roberts authored the majority opinion and argued that because Elonis did not have mens rea, a guilty mind, it was not enough to convict.

Roberts stated:

In light of the foregoing, Elonis’s conviction cannot stand. The jury was instructed that the government need prove only that a reasonable person would regard Elonis’s communications as threats, and that was an error. Federal criminal liability generally does not turn solely on the results of an act without considering the defendant’s mental state. That understanding ‘took deep and early root in American soil’ and Congress left it in here: Under Section 875, “wrongdoing must be conscious to be criminal.”

Judge Gold was not convinced: “The objective test described in Krijger as the means of determining what constitutes a true threat continues to be good law in Connecticut even after Elonis.”

Supreme Court Chief Justice of the United States John G. Roberts, Jr. waits for the arrival of Former president George H.W. Bush to lie in State at the U.S. Capitol Rotunda on Capitol Hill on Monday, Dec. 03, 2018 in Washington, DC. Jabin Botsford/Pool via Reuters

Supreme Court Chief Justice of the United States John G. Roberts, Jr. waits for the arrival of Former president George H.W. Bush to lie in State at the U.S. Capitol Rotunda on Capitol Hill on Monday, Dec. 03, 2018 in Washington, DC. Jabin Botsford/Pool via Reuters

State v. Krijger, the case cited by Judge Gold, also appears to be a poor precedent because the threat was made directly to the person.

“The defendant was alleged to have made threatening statements to a town attorney immediately after the conclusion of a court hearing at which the town attorney advised the court of the town’s intention to seek to impose fines against the defendant for his continued zoning violations.” Judge Gold stated in his decision.

Even though the Krijger threat was made directly to the person, unlike in Taupier’s case, was still found guilty.

Judge Gold ruled that Taupier’s private email did constitute a “true threat” the legal standard he used to convict:

Using rhetorical embellishments to drive home the point, the defendant’s language was the rough equivalent of “I am going to shoot Judge Bozzuto and there is nothing she can do to stop me” — thereby reasonably suggesting that the defendant had become desperate enough not only to make the threat but also to carry it out.

Judge Gold even noted law enforcement tested Taupier’s guns: “Trooper Matthew Eagleston, of the Connecticut State Police, a firearms expert, inspected and test fired those four weapons (from those taken from Taupier) and concluded that each was fully operable and capable of accurately firing a projectile 245 yards.”

Sunny Kelley was one of the recipients of the email and she disagrees.

“Ted was convicted for his private thoughts,” she told the Caller. Kelley was one several parents featured in a 2018 story from the Caller. She has been barred from seeing her son since 2012.

Taupier was ordered to serve 18 months in prison but allowed on bail while his case was appealed.

In 2017, he made what law enforcement determined was another threat when he wrote on Facebook, “KILL COURT EMPLOYEES AND SAVE THE COUNTRY.”

He was taken into custody but eventually struck a deal, which did not add any prison time. He was released from prison on Dec. 24, 2018. While in prison, his parental rights were terminated.

“I was brought into court handcuffed and shackled,” Taupier said.

“Until further order of the court, the defendant shall have no in-person access with either of the children, and he shall not communicate or attempt to communicate with them in any manner, including by telephone, email, text message, video or internet call, social media, or by any other written or electronic means,” the order stated.

The court justified its order by concluding that “the contact between the children and their father since the date of judgment has been harmful to them. The father argues that he was only trying to teach the children to question authority. In reality, he was abusing his own parental authority to enlist them as foot soldiers in his war against the family court system.”

His case also nearly sparked a new law. In 2017, then Connecticut Democratic Rep. William Tong introduced a law that would increase the penalties for threats to a judge.

Connecticut State House in Hartford, CT (Sean Pavone/Shutterstock)

Connecticut State House in Hartford, CT (Sean Pavone/Shutterstock)

“In one especially chilling case, a top judge in the family court system has been subjected to repeated threats sent by email and recorded on YouTube from a man who said he was going to train his children to kill judges,” The Hartford Courant said in covering debate on the law, presumably referring to Taupier.

Taupier said he did make YouTube videos but never said he was going to train his children to kill judges.

Daniela Altimari, who wrote the story, did not return an email.

Tong is now the Connecticut attorney general, and his director of communications, Elizabeth Benton, confirmed Taupier’s case inspired the proposed law, which ultimately did not pass.

While Taupier has been released, he continues to be on an ankle monitor and has never received his guns back.

Taupier said he feels the real crime has not been prosecuted: “[Connecticut] spent millions prosecuting me while they ignored a real crime.”

Source: The Daily Caller

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Delaney: Electoral College Should Go, But Other Priorities Exist

Democratic presidential candidate John Delaney said Wednesday if he were "starting from scratch," he'd choose getting rid of the Electoral College, but he'd rather focus on matters that can get done and affect Americans.

"It requires a constitutional amendment," the former U.S. representative for Maryland told CNN's "New Day." "I'd much rather focus on things that can get done that affect people, [such as] building infrastructure, creating digital privacy legislation in this country, expanding pre-K [education], making sure community college is free for every kid in this country."

However, Delaney did admit that he's as "mad as anyone that happened, that Secretary [Hillary] Clinton got more votes than our president," said Delaney, but small states must agree to end the system and "they're not going to agree with it."

Meanwhile, the businessman said he does not agree with other Democrats who favor a socialistic approach to government, as it's a "false choice" in a capitalist country.

"It's the greatest innovation and job creation machine ever created," said Delaney. "We've always had strong social programs. We have regulation tax policy, workers rights to ensure our citizens have the kind of opportunities I have. I grew up in a blue collar family and have had amazing opportunities, I grew up at a time where we cared more about supporting people."

Meanwhile, the current generation is the first generation of Americans who won't do better than their parents, said Delaney said bringing people together toward a common goal is what's needed in the next president.

Source: NewsMax Politics

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Deutsche Bank bans staff from Dorchester hotels after Brunei implements homosexuality laws

FILE PHOTO: The logo of Deutsche Bank is seen in front of one of the bank's office buildings in Frankfurt
FILE PHOTO: The logo of Deutsche Bank is seen in front of one of the bank's office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach/File Photo

April 4, 2019

FRANKFURT (Reuters) – Deutsche Bank has banned its staff from staying in hotels of the Brunei-owned Dorchester Collection, following the Sultanate’s decision to implement Islamic laws that would allow death by stoning for adultery and homosexuality.

“The new laws introduced by Brunei breach the most basic human rights, and we believe it is our duty as a firm to take action against them,” Deutsche Bank’s Chief Risk Officer Stuart Lewis said in a statement.

Brunei’s state-owned investment agency BIA owns the Dorchester Collection hotel group, which features luxury venues such as The Dorchester, The Beverly Hills Hotel, Principe di Savoia and Hotel Bel-Air.

Deutsche Bank was one of the co-founders of the Partnership for Global Lesbian, Gay, Bisexual, Transgender, Inter and Queer (LGBTIQ) Equality consortium.

On Wednesday, the United Nations said that Brunei was violating human rights by implementing Sharia laws, which punish sodomy, adultery and rape with the death penalty – including by stoning, and theft with amputation.

(Reporting by Arno Schuetze; Editing by Kirsten Donovan)

Source: OANN

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

April 26, 2019

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

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

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

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

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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

April 26, 2019

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

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

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

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

Source: OANN

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

April 26, 2019

By Simon Jessop and Sinead Cruise

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

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

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

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

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

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

Sherborne declined to comment.

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

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

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

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

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

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

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

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

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

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

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

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

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

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

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

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

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

(Editing by Jane Merriman)

Source: OANN

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

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

Ron Magill/Zoo Miami

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

Source: Fox News World

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

April 26, 2019

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

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

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

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

Source: OANN

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