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Suit filed over gun controls inspired by synagogue shooting

Gun rights groups sued Tuesday to block Pittsburgh from enforcing firearms legislation passed after a synagogue massacre, accusing city officials of blatantly defying the state's prohibition on municipal gun regulation.

Democratic Mayor Bill Peduto signed the bills into law in a ceremony at the City-County Building, declaring the community had come together "to say enough is enough."

"There was a lot of opposition. But more people within this city quietly showed their support," Peduto said. "We are going to take some action, we are going to do something positive and, yes, it is going to be everlasting. Change only happens when you challenge the status quo."

Minutes later, a coalition of gun rights groups sued to get the newly minted laws overturned, calling them "patently unenforceable, unconstitutional, illegal." Separately, the Allegheny County Sportsmen's League asked a judge to hold the city, Peduto and six council members who voted for the legislation in contempt of court, contending they violated a 1995 legal settlement in which city officials dropped an earlier effort to ban assault weapons and agreed to "abide by and adhere to Pennsylvania law."

"It is unfortunate that ... taxpayers will be burdened by the city's elected officials believing it is acceptable — and even gloating — that they are violating the Pennsylvania Constitution and Crimes Code," Joshua Prince, an attorney who filed both actions, wrote in a statement.

The new legislation restricts military-style assault weapons like the AR-15 rifle authorities say was used in the Oct. 27 rampage at Tree of Life Synagogue that killed 11 and wounded seven. It also bans most uses of armor-piercing ammunition and high-capacity magazines and allows the temporary seizure of guns from people who are determined to be a danger to themselves or others. The first two laws are due to take effect in 60 days, the self-harm law in 180 days.

The three bills — proposed not long after the deadliest attack on Jews in U.S. history — was weakened ahead of the vote in an effort to make it more likely to survive a court challenge.

State law has long prohibited municipalities from regulating the ownership or possession of guns or ammunition. While one of the Pittsburgh bills originally included an outright ban on assault weapons, the revised measure bars the "use" of assault weapons in public places.

A full ban on possession would take effect only if state lawmakers or the state Supreme Court give municipalities the right to regulate guns, which is seen as unlikely in a state where legislative majorities are fiercely protective of gun rights.

___

Rubinkam reported from northeastern Pennsylvania.

Source: Fox News National

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NBA roundup: Warriors fall in controversial finish

NBA: Golden State Warriors at Minnesota Timberwolves
Mar 29, 2019; Minneapolis, MN, USA; Minnesota Timberwolves center Karl-Anthony Towns (32) drives to the basket past Golden State Warriors forward Kevin Durant (35) in the second half at Target Center. Mandatory Credit: Jesse Johnson-USA TODAY Sports

March 30, 2019

Karl-Anthony Towns made a tiebreaking — and controversial — free throw with a half-second remaining in overtime Friday night, giving the Minnesota Timberwolves a 131-130 victory that dropped the visiting Golden State Warriors into a tie for the top spot in the Western Conference.

Kevin Durant fouled Towns as he was breaking for the basket on an inbounds play. Durant was called for a pushing foul near the hoop even though the pass appeared to be over both players’ heads.

Towns made the first of two free throws before missing the second intentionally, which allowed time to run out. The Golden State defeat allowed Denver, which won earlier in the night at Oklahoma City, to draw even with the Warriors for the top spot in the West at 51-24 with seven games remaining.

The controversial finish followed another potential game-determining call with 5.8 seconds remaining in the extra session and Golden State trailing by three, when officials waved off a 3-pointer Durant made while a foul was being called because they said the foul had occurred in the instant before the shot.

Nuggets 115, Thunder 105

Jamal Murray scored 27 points to lead visiting Denver past Oklahoma City and into a tie for first in the Western Conference with seven games remaining. The loss drops the Thunder to eighth place.

Nikola Jokic had 23 points and 16 rebounds for the Nuggets, who shot 56.5 percent from the floor. It was Denver’s third-best shooting performance of the season. Paul Millsap (14 points), Will Barton (12) and Mason Plumlee (11) also scored in double figures for the Nuggets.

Russell Westbrook led the Thunder with 27 points, nine rebounds and nine assists, narrowly missing what would’ve been his second consecutive triple-double. Paul George, who was a game-time decision due to left shoulder soreness, scored 25 points and also grabbed nine rebounds.

Celtics 114, Pacers 112

Kyrie Irving made the go-ahead layup with 0.5 seconds remaining in the game as host Boston edged Indiana and moved into a tie with the Pacers for fourth place in the Eastern Conference.

Indiana’s Thaddeus Young completed an alley-oop to forge a tie at 112 before missing a driving layup on the next possession. Young redeemed himself with a steal, but Boston made a defensive stop and Irving gained a step on Wesley Matthews and made a ball fake on Young before converting the layup.

Irving scored 20 of his 30 points in the second half and Al Horford added 19 for the Celtics, who pulled even in the standings with Indiana after winning back-to-back contests on the heels of a season-high-tying, four-game losing streak.

Trail Blazers 118, Hawks 98

Damian Lillard scored 23 of his 36 points in the first half to help Portland win its sixth straight, a blowout at Atlanta.

Lillard shot 13-for-25 from the field, sank four 3-pointers and handed out seven assists.

Atlanta was led by Trae Young, who scored 20 of his 26 points in the first half but was just 1-for-8 from 3-point range. John Collins added 20 points for the Hawks.

Jazz 128, Wizards 124

Donovan Mitchell scored 35 points to lead Utah to a victory over Washington in Salt Lake City.

Joe Ingles added 18 points and 10 assists, and Rudy Gobert finished with 13 points and 17 rebounds for the Jazz. Jae Crowder added 18 points and Ricky Rubio chipped in 17. Utah shot 55.2 percent from the field to win for the ninth time in 10 games.

Bradley Beal scored 34 points while Bobby Portis added 28 points and 13 rebounds to lead Washington.

Lakers 129, Hornets 115

LeBron James had 27 points and nine assists as Los Angeles prevented visiting Charlotte from moving closer to a playoff spot.

Kentavious Caldwell-Pope scored 25 points, Kyle Kuzma scored 20, Rajon Rondo had a season-high 17 assists, and Lance Stephenson contributed 14 points and a season-high 13 rebounds off the bench for the Lakers, who have won three out of four games for the first time since Dec. 8-15.

Kemba Walker scored 24 points to lead the Hornets, who dropped two games behind the eighth-place Miami Heat in the Eastern Conference. Charlotte has seven games remaining, five on the road. Walker is now 0-28 in his career against James.

–Field Level Media

Source: OANN

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Zuckerberg compensation more than doubles with $22.6 million Facebook paycheck

FILE PHOTO: Facebook's founder and CEO Mark Zuckerberg speaks at the Viva Tech start-up and technology summit in Paris
FILE PHOTO: Facebook's founder and CEO Mark Zuckerberg speaks at the Viva Tech start-up and technology summit in Paris, France, May 24, 2018. REUTERS/Charles Platiau

April 12, 2019

(Reuters) – Facebook Inc Chief Executive Officer Mark Zuckerberg’s compensation for 2018 more than doubled to $22.6 million, a regulatory filing showed on Friday.

The company has been marred by security issues in the past year that have dented the social media company’s stock.

(Reporting by Sayanti Chakraborty in Bengaluru; Editing by Shounak Dasgupta)

Source: OANN

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Trump wants GM CEO ‘to do something quickly’ to reopen Ohio plant

General Motors Chairman and CEO Mary Barra attends the reveal of the 2020 Cadillac XT6 SUV on the eve of press days of the North American International Auto show in Detroit
General Motors Chairman and CEO Mary Barra attends the reveal of the 2020 Cadillac XT6 SUV on the eve of press days of the North American International Auto show in Detroit, Michigan, U.S., January 13, 2019. REUTERS/Rebecca Cook

March 18, 2019

WASHINGTON (Reuters) – President Donald Trump tweeted on Sunday that he urged General Motors Co’s chief executive to “do something quickly” to reopen the company’s Lordstown, Ohio, plant that was idled more than a week ago.

“I am not happy that it is closed when everything else in our Country is BOOMING,” Trump said.

Referring to his conversation with CEO Mary Barra, Trump added: “I asked her to sell it or do something quickly. She blamed the UAW union — I don’t care, I just want it open!” he tweeted.

Trump also tweeted on Saturday to urge GM to reopen the plant, saying: “Toyota is investing 13.5 $Billion in U.S., others likewise. G.M. MUST ACT QUICKLY. Time is of the essence!”

Earlier on Sunday, the United Auto Workers, which has filed suit challenging GM’s decision to end Cruze production at Lordstown, thanked the president “for fighting alongside the UAW against @GM. We will leave no stone unturned to keep the plants open!”

GM said in a statement that it and the UAW would decide what happens to the plant.

“We remain open to talking with all affected stakeholders, but our main focus remains on our employees and offering them jobs in our plants where we have growth opportunities,” it said. “We have opportunities available for virtually all impacted employees.”

The last Chevrolet Cruze rolled off the assembly line on March 6 at Lordstown, the first of five plants in North America to end production this year, and ending U.S. production of the Cruze.

The idling of the Lordstown plant is costing 1,500 jobs there. Since 2017, GM cut two of the three production shifts there, eliminating 3,000 jobs amid sagging demand for small cars. GM is continuing to produce the Cruze in Mexico for other markets, but not for the United States.

The company has noted that over 400 Lordstown employees had accepted offers at other GM locations and that jobs were available at other assembly plants for anyone willing to relocate to other states.

The 6.3-million-square foot Lordstown assembly complex has manufactured more than 16 million vehicles since it opened in 1966, including nearly 2 million Chevrolet Cruze cars since 2010.

(Reporting by Diane Bartz and David Shepardson; Editing by Peter Cooney)

Source: OANN

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Peru’s PM to resign as President seeks ratings boost: sources

FILE PHOTO: Peruvian Prime Minister Cesar Villanueva leaves the Congress after asking for the approval of four anti-graft bills in Lima
FILE PHOTO: Peruvian Prime Minister Cesar Villanueva leaves the Congress after asking for the approval of four anti-graft bills in Lima, Peru September 19, 2018. REUTERS/Mariana Bazo

March 8, 2019

By Mitra Taj and Marco Aquino

LIMA (Reuters) – Peru’s Prime Minister Cesar Villanueva will step down from his position, three government sources told Reuters on Friday, as the country’s President Martín Vizcarra looks to shake up his government and revive falling approval ratings.

Villanueva, in the position since last year and who was also Prime Minister in 2013-2014, has handed in his letter of resignation to the President, the sources added, asking not to be named because the news was not yet public.

Representatives for Villanueva and Vizcarra did not immediately respond to Reuters’ requests for comment.

Peruvian media reported the resignation earlier on Friday.

(Reporting by Mitra Taj and Marco Aquino; Writing by Adam Jourdan)

Source: OANN

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How the media's distorted judgment kept hyping the Mueller probe

The mainstream media were so heavily invested in the Robert Mueller investigation, and its potential to prematurely end the Trump presidency, that their news judgment was badly distorted.

There is simply no other conclusion after two years of saturation coverage, sometimes overhyped and overwrought, of a probe that wound up producing no criminal charges on the core issue of collusion with Russia, or on obstruction of justice by the president, his top aides, and his family.

Sure, there are plenty of caveats: We haven't seen the report, which finds no criminal act by the president but "also does not exonerate him," and the final decision was made by Trump's attorney general. It's also true that for all the attacks on Mueller and his team by the president and his advocates, the former FBI director did his job quietly and without grandstanding in declining to bring charges.

But the denouement is one hell of a black eye for the press.

ROBERT MUELLER'S RUSSIA INVESTIGATION BY THE NUMBERS

I have made the argument for two years, on the air and in my book, that the media have overhyped the investigation. And when you take that stance, some journalists rush to dismiss you as a Trump partisan, though I've been committed to covering both sides when it comes to this White House.

The fact that Mueller is bringing no further indictments does not mean the probe, which led to 37 indictments, was a witch hunt. Nor does it mean that many of the investigative stories about the process are now invalidated as some kind of fake news. Public officials can engage in questionable conduct that doesn't rise to the level of indictable offenses.

That doesn't excuse the fact that major news organizations made numerous high-profile mistakes in pursuing the case, sometimes resulting in the suspension or departure of the journalists involved.

The relentless nature of the coverage, its overwhelmingly negative tone, and nonstop analysis and commentary that Trump was in deep trouble, too often reflected wishful thinking and outright bias.

The RNC, a partisan source to be sure, says The New York Times, Washington Post and the CNN and MSNBC websites have published 8,507 articles mentioning the Mueller investigation.

All this should prompt some soul-searching and reevaluation by a profession that mainly botched the 2016 election and at times seemed determined to prove that voters made the wrong choice. But for the most part, given the defensive and insular nature of journalism, that’s unlikely.

Here’s what some critics on the left and right are saying.

Glenn Greenwald, the uber-liberal reporter and commentator at the Intercept, says: "Check every MSNBC personality, CNN law 'expert,' liberal-centrist outlets and #Resistance scam artist and see if you see even an iota of self-reflection, humility or admission of massive error ...

"While standard liberal outlets obediently said whatever they were told by the CIA & FBI, many reporters at right-wing media outlets which are routinely mocked by super-smart liberals as primitive & propagandistic did relentlessly great digging & reporting."

Rolling Stone’s Matt Taibbi, another liberal writer, says Russiagate is this generation’s WMD, calling the Mueller findings "a death-blow for the reputation of the American news media ... Nothing Trump is accused of from now on by the press will be believed by huge chunks of the population."

Liberal law professor Alan Dershowitz, who has often defended Trump in the investigation, said on Fox that it was "a good day for the president" and a "very, very bad day for CNN." He said "they should be hanging their head in shame when you think about how many people went out on a limb and predicted there would be indictments for obstruction, there would be indictments for collusion, there would be indictments for this and for that."

On the other side, Mollie Hemingway, senior editor at the Federalist, said in a heated "Media Buzz" debate with Philippe Reines that the media "rolled right into an absolutely deranged conspiracy territory that held the country hostage for two years ...  It is shocking how many people believed this crazy theory about Russia collusion, but many people lacked the courage to speak against it in the face of hysteria."

But New York Times Executive Editor Dean Baquet told The Washington Post: "I'm comfortable with our coverage. It is never our job to determine illegality, but to expose the actions of people in power. And that's what we and others have done and will continue to do."

Many media outlets, while noting that Trump still faces other probes in New York and on the Hill, played it straight in reporting the findings.

The Times: "For President Trump, it may have been the best day of his tenure so far. The darkest, most ominous cloud hanging over his presidency was all but lifted on Sunday with the release of the special counsel's conclusions, which undercut the threat of impeachment and provided him with a powerful boost for the final 22 months of his term."

A couple of fierce Trump critics did not try to spin or soften the findings.

Joe Scarborough said on "Morning Joe" that "if the appointment of Robert Mueller was the worst day of his presidency, the release of Robert Mueller's report was the best day of his presidency." He said it was good news for the country to know that Trump did not collude with Vladimir Putin.

And MSNBC host Ari Melber said, "Just as so many people called on Congressional Republicans to stand up on principles, this tonight and the days ahead are certainly a time for Congressional Democrats to stand up too and acknowledge Bob Mueller did not find a chargeable election conspiracy."

As for the president, he could have responded with a long-national-nightmare-is-over tone, but that's not him. Instead, while claiming total exoneration, he lashed out at "an illegal takedown that failed," and added, "hopefully, somebody is going to be looking at the other side."

But it wasn't illegal, despite the disputed circumstances that prompted the probe, in that Trump's own deputy attorney general, Rod Rosenstein, appointed Mueller as special counsel. And for those who believe that William Barr, who previously served as attorney general for George H.W. Bush, is politically biased, it is Rosenstein, portrayed by the press as standing up to Trump, who joined in the decision not to prosecute on obstruction allegations. (Mueller would have made the call himself under the independent counsel law, but since both parties happily let it expire, he decided as part of DOJ to defer the decision to his bosses.)

On "Today," Savannah Guthrie asked if Trump owed Mueller an apology, since "the president has absolutely eviscerated Bob Mueller, a lifelong public servant, a former Marine, a registered Republican. He’s called him a national disgrace, discredited, a prosecutor gone rogue who oversaw a gang of thugs."

Sanders' response: "I think Democrats and the liberal media owe the president and they owe the American people an apology."

CLICK HERE TO GET THE FOX NEWS APP

And Kellyanne Conway said on Fox that Democratic congressman Adam Schiff should resign over statements he made throughout the investigation.

So rather than moving on from the Mueller investigation, Trump and his inner circle seem determined to run against it, and the press, as part of his reelection campaign. Whether that proves a successful tactic or not, the media's excesses over the last two years are providing him with a substantial target.

Source: Fox News Politics

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Fund managers skittish over Levi’s long-term growth prospects

FILE PHOTO: Levi Strauss & Co. CEO Chip Bergh and CFO Harmit Singh ring bell during IPO on floor of New York Stock Exchange (NYSE) in New York
FILE PHOTO: Levi Strauss & Co. CEO Chip Bergh rings a bell as CFO Harmit Singh looks on during the company's IPO on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 21, 2019. REUTERS/Lucas Jackson

March 21, 2019

By David Randall

NEW YORK (Reuters) – Levi Strauss & Co’s is betting it can convince investors there is still plenty of global growth left for the 165-year old company, but fund managers fret the iconic blue jeans maker’s stock may be too pricey to generate a decent return.

The San Francisco-based company returned to the public markets Thursday for the first time since it went private through a leveraged buyout in 1985 with a stock debut that sold $587 million worth of shares and gave it a market value of more than $8.7 billion .

In its prospectus, Levi’s said it plans to expand its women’s clothing line and grow in markets such as China, which represented just 3 percent of its net sales in 2018. Levi’s shares jumped more than 30 percent, which has mutual fund managers questioning whether a long-term investment in the denim company would be profitable.

“It’s a mature company that already has broad distribution and its customer base is shrinking because department stores are shrinking,” said Chris Terry, a portfolio manager at Dallas-based Hodges Capital Management.

Unlike companies like Under Armour Inc, whose shares are up nearly 22 percent year-to-date, Levi’s does not “have a ton of room to expand the brand” because it is already so well-known, Terry said.

The newly-public company would also face increased competition for fund managers’ attention if VF Corp spins off Western jeans brand Wrangler’s, as expected in the first half of 2019. Wrangler’s also sells apparel, including cowboy hats, shirts, and jackets.

“With Wrangler, you get Western wear, which is probably a larger secular growth opportunity” than denim alone and has only one other major competitor in Boot Barn Holdings Inc, Terry said. Year-to-date, shares of Boot Barn are up more than 56 percent.

Robert Bacarella, portfolio manager of the Monetta Fund, said concerns over Levi’s expansion plans outweigh the attractiveness of its brand name at its current price.

“We’re all sitting around here asking, ‘Where’s the growth?'” he said. “If they can come out with a plan to show that they can grow market share and not be as dependent on retail stores then it becomes a lot more interesting.”

With its long history, the company comes to the public markets at a time when the most anticipated initial public offerings are technology companies tied to the growth of the smartphone.

The average age of companies that have debuted so far in 2019 is four years, according to Kathleen Smith, principal at Renaissance Capital.

Fellow Bay Area companies Lyft, Uber Technologies Inc, AirBnb Inc and Pinterest, which are all expected to go public this year, have all been founded in the last 11 years.

Concerns about Levi’s growth rate would have been alleviated if its shares had remained near the $15 initial midpoint of the IPO pricing, or roughly seven and a half times its earnings before interest, taxes, and amortization, said Arun Daniel, a portfolio manager at J O Hambro Capital Management.

“They could see double-digit growth in the women’s category by taking share from competitors like Guess, which would be interesting because then you’re getting both the brand and growth and it becomes an attractive story for 3 to 5 years,” Daniel said. “But it all comes down to price.”

(Reporting by David Randall; Editing by Jennifer Ablan and Nick Carey)

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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