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Inspector General to probe whether acting Pentagon chief helped Boeing

FILE PHOTO: U.S. acting Secretary of Defense Shanahan pauses during remarks on the proposed U.S. Space Force at a think tank in Washington
FILE PHOTO: U.S. acting Secretary of Defense Patrick Shanahan pauses during remarks on the proposed U.S. Space Force at a think tank in Washington, U.S. March 20, 2019. REUTERS/Jonathan Ernst

March 20, 2019

WASHINGTON (Reuters) – The Pentagon Inspector General said on Wednesday that it would investigate a complaint that acting Pentagon chief Patrick Shanahan, a former Boeing executive, violated ethical rules by allegedly promoting Boeing while in office.

Last week Citizens for Responsibility and Ethics in Washington, a watchdog group, filed a complaint with the Inspector General saying that Shanahan had appeared to violate the ethical rules by “promoting Boeing in the scope of his official duties at the Department of Defense (DOD) and disparaging the company’s competitors to his subordinates.”

“The Department of Defense Office of Inspector General has decided to investigate complaints we recently received that Acting Secretary Patrick Shanahan allegedly took actions to promote his former employer, Boeing, and disparage its competitors,” said Dwrena Allen, a spokeswoman for the Inspector General.

Prior to taking over as acting Pentagon chief earlier this year, he was the deputy defense secretary.

Shanahan joined Boeing in 1986 and spent more than three decades there, working on the 737 and 787 Dreamliner. He was also the president and general manager of Boeing Missile Defense Systems and worked on the Apache, Chinook and Osprey military aircraft.

“Acting Secretary Shanahan has at all times remained

committed to upholding his ethics agreement filed with the DoD,” said Lieutenant Colonel Joe Buccino, a Pentagon spokesman.

“This agreement ensures any matters pertaining to Boeing are handled by appropriate officials within the Pentagon to eliminate any perceived or actual conflict of interest issue with Boeing,” Buccino said.

During a Senate Armed Services Committee hearing last week, Shanahan said he would support an investigation by the Inspector General.

(Reporting by Idrees Ali; Editing by Dan Grebler)

Source: OANN

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FAA Stands By Decision Not to Ground Boeing 737 MAX

The Federal Aviation Administration said on Tuesday it will not ground the Boeing 737 MAX that has been involved in two fatal crashes since October despite a growing number of countries ordering the planes to stop flying.

Acting FAA Administrator Dan Elwell said its "review shows no systemic performance issues and provides no basis to order grounding the aircraft." He added that no foreign civil aviation authorities have "provided data to us that would warrant action."

He added if any safety issues are identified during the ongoing "urgent review" of Sunday's Ethiopian Airlines crash it will "take immediate and appropriate action."

Source: NewsMax America

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Mexico's 'Me Too' movement swells in media, cultural circles

Prosecutors in western Mexico say they have opened a criminal investigation into complaints of sexual harassment aired by the country's exploding "#MeToo" movement.

The prosecutors' office in Michoacan state said Wednesday that some of the complaints published on social media constituted possible crimes that occurred in the state and therefore fall under its jurisdiction.

Mexico had a tepid response to the original #MeToo movement that sprang up in 2017. Only a few Mexican actresses said they had been harassed, despite reports that abuse was widespread.

But over the last few days, the United Mexican Journalists group says it has gathered over 120 allegations of sexual harassment across the country's biggest media outlets.

Similar campaigns have sprung up on social media for Mexican writers, academics and activists to share their stories.

Source: Fox News World

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Bank of America drops ‘Merrill Lynch’ name in rebranding effort

A Bank of America logo is pictured in the Manhattan borough of New York City
A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri

February 25, 2019

By Imani Moise

(Reuters) – Bank of America Corp is dropping the “Merrill Lynch” name from some of its businesses, phasing out a brand with a long history on Wall Street as part of a multi-year marketing effort, the lender said on Monday.

The investment bank and capital markets business is ditching the 104-year old name to become BofA Securities and its wealth management businesses will collectively be called “Merrill,” without the Lynch.

The individual units, Merrill Lynch Wealth Management, Merrill Edge and Merrill Guided Investing will keep their names.

U.S. Trust, Bank of America’s private bank which caters to ultra-high net worth clients, will become Bank of America Private bank, and Merrill Lynch Private Banking & Investment Group will become Merrill Private Wealth Management, dropping the “Lynch.”

In the past, rebranding has faced some opposition. The average age of financial advisers is in the mid- to late-50s, and many feel fierce loyalty to the brand of the firm where they have worked for years.

Before it was bought in 2009 in the throes of the financial crisis, Merrill Lynch was known for its powerful investment bank and “thundering herd” of financial advisers. The brand survived over the last decade, unlike other iconic firms like Lehman Brothers and Bear Stearns whose names faded away once they were acquired.

Under the new “Merrill” umbrella, the firm will launch a new marketing campaign featuring the “Merrill bull front and center,” the company told Reuters in a statement.

The change comes as Bank of America is working to boost morale in its investment bank after a year of declining market share and revenue and a string of departures by senior leaders.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Sai Sachin Ravikumar and Tom Brown)

Source: OANN

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NFL notebook: Falcons, Jones close to extension

FILE PHOTO: NFL: Atlanta Falcons at Carolina Panthers
FILE PHOTO: Dec 23, 2018; Charlotte, NC, USA; Atlanta Falcons wide receiver Julio Jones (11) on the sidelines in the third quarter at Bank of America Stadium. Mandatory Credit: Bob Donnan-USA TODAY Sports - 11893582

March 23, 2019

The Atlanta Falcons and wide receiver Julio Jones are closing in on an extension that would pay him $20 million per season on a four- or five-year deal, Bleacher Report reported Friday.

According to the report, Jones is expected to get around $50 million-$60 million in new guarantees, though the deal is not done yet.

The league’s highest-paid wideout, recent Cleveland Browns addition Odell Beckham Jr., averages $18 million annually with an additional $1 million per season available via incentives. He got $41 million fully guaranteed at signing and $65 million in injury guarantees.

Jones, 30, has two years and $21 million remaining on his contract. He stayed away from the Falcons throughout the 2018 offseason while seeking further contract guarantees. The team responded by turning $4.4 million of his future salary into a signing bonus while reportedly promising to redo the deal after the 2018 season, a rare concession for a player with multiple years remaining on his deal.

–The attorney of New England Patriots owner Robert Kraft is firing back against law-enforcement officials in South Florida.

William Burck, who represents Kraft, issued a statement to ESPN’s Adam Schefter. Kraft is facing misdemeanor charges of soliciting prostitution at a massage parlor in Jupiter, Fla., but he has pleaded not guilty.

“There was no human trafficking and law enforcement knows it,” Burck told Schefter, who posted the quote on his Twitter account. “The video and the traffic stop were illegal and law enforcement just doesn’t want to admit it. The state attorney needs to step up and do the right thing and investigate how the evidence in this case was obtained.”

–The Houston Texans signed offensive tackle Matt Kalil to a one-year contract, multiple media outlets reported.

Kalil, 29, was released by the Carolina Panthers last week in a salary-cutting move after he missed all of 2018 with a knee injury. He also missed 14 games to injury in 2016, but in his other five NFL seasons, Kalil started all 80 possible games at left tackle.

Texans quarterback Deshaun Watson was sacked 62 times last season, easily most in the NFL and equaling the fifth-highest total in NFL history. The Texans re-signed right tackle Seantrel Henderson — who missed all but one game in 2018 — earlier this offseason.

–The Pittsburgh Steelers will release safety Morgan Burnett by April 1, his agent, Kevin Conner, told ESPN’s Adam Schefter. Burnett asked the team in January to release him before free agency.

Burnett indicated he wants to join a team that will use him in a pure safety role, after playing what he believes was out of position at dime linebacker in Pittsburgh, NFL Network’s Ian Rapoport reported in January.

–The Oakland Raiders signed free agent quarterback Mike Glennon and safety Curtis Riley.

The Raiders released AJ McCarron last week, creating a need for a backup quarterback behind Derek Carr. Glennon, 29, was released by the Arizona Cardinals earlier this month after joining the team on a two-year, $8 million deal last spring.

Riley, 26, started all 16 games for the New York Giants in 2018, nabbing four interceptions and totaling 75 tackles.

–The Los Angeles Rams matched an offer by the Detroit Lions to keep running back Malcolm Brown in the fold. The two-year deal gives Brown a $100,000 signing bonus and is worth $3.3 million total, with $1 million guaranteed.

Brown, 25, has rushed for 514 yards in four seasons in a backup role to Todd Gurley, including 43 carries for 212 yards and five catches for 52 yards and a touchdown in 2018.

–Former Broncos first-round pick Shane Ray visited the Indianapolis Colts, according to multiple reports.

Ray, who had eight sacks in 2016 but has battled injuries the last two years, would move from linebacker to defensive end if he joins the Colts. Indianapolis reportedly added pass rusher Justin Houston on Thursday.

–The Buffalo Bills signed former Seahawks safety Maurice Alexander and former Cincinnati Bengals offensive tackle Jake Fisher, who is making the transition to be a blocking tight end.

Buffalo also reportedly visited with former Titans guard Quinton Spain and former Seahawks defensive back Neiko Thorpe.

–The Lions agreed to a one-year, $3.5 million deal with free agent cornerback Rashaan Melvin, multiple media outlets reported. Detroit also officially re-signed offensive lineman Andrew Donnal.

–Wide receiver Cody Latimer officially re-signed with the New York Giants.

–The Cleveland Browns signed free agent offensive lineman Bryan Witzmann.

–The Kansas City Chiefs re-signed fullback Anthony Sherman, per multiple reports.

–The Bengals signed former Giants defensive end Kerry Wynn, ESPN reported.

–The Texans re-signed special teamer Joe Webb III, who also serves as a backup wide receiver and quarterback.

–Field Level Media

Source: OANN

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Plan to rename LA Memorial Coliseum in question after United Airlines balks at proposed revision

A $69 million naming rights deal between the University of Southern California and United Airlines is in limbo after the air carrier rejected a school offer to amend a corporate rebranding of the Los Angeles Memorial Coliseum following criticism that it would disrespect the stadium’s history of honoring World War I troops.

In a statement Friday, USC said it would be open to replacing the already agreed-upon name of United Airlines Memorial Coliseum with a change to United Airlines Field at Los Angeles Memorial Coliseum, the Los Angeles Times reported.

That same day, United Airlines President Janet Lamkin told the school in a letter that its stance on the name had not changed, adding that the name “is the key provision of our sponsorship agreement.”

SOME GEORGE WASHINGTON UNIVERSITY STUDENTS CALL COLONIALS MONIKER OFFENSIVE, PUSH TO CHANGE NAME

The phrase “Memorial Coliseum” was kept in the name to honor the memory of those who fought and died in the war, Lamkin wrote, adding that the air carrier is open to backing out of the deal.

“If USC is not in a position to honor the terms of the Agreement, including in particular the name change,” she wrote, “United would be amenable to abiding by the wishes of the community, stepping away from this partnership with USC.”

United Airlines offered Friday, March 29, 2019, to withdraw from a $69 million deal to change Los Angeles Memorial Coliseum into United Airlines Memorial Coliseum following criticism that adding a corporate name is disrespectful to the facility's history of honoring troops who fought and died in World War I. (Associated Press)

United Airlines offered Friday, March 29, 2019, to withdraw from a $69 million deal to change Los Angeles Memorial Coliseum into United Airlines Memorial Coliseum following criticism that adding a corporate name is disrespectful to the facility's history of honoring troops who fought and died in World War I. (Associated Press)

The nearly 100-year-old Coliseum is home to the USC Trojans football team and has hosted Super Bowls, the 1932 and 1984 Summer Olympics, speeches by John F. Kennedy and Nelson Mandela and a Roman Catholic Mass by Pope John Paul II.

The sponsorship deal is part of a $270 million renovation plan that includes wider seats with more legroom and upgrades to the stadium’s Wi-Fi and plumbing. The naming rights deal came under scrutiny after Los Angeles County Supervisor Janice Hahn said it would dishonor veterans.

“Unlike other modern sports venues, Los Angeles Memorial Coliseum is not just a stadium — it is a war memorial,” Los Angeles County Supervisor Janice Hahn wrote in the Los Angeles Times. “Removing ‘Los Angeles’ and replacing it with a corporate sponsor insults the memories of those the Coliseum was intended to honor.”

Some veterans groups soon joined Hahn in opposition to the name change, according to the paper.

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"Vietnam Veterans of America have the motto, 'Never again will one generation of veterans abandon another," Jerry Orlemann, who served in Vietnam, told LAist. "In my opinion, any veteran at this point who does not oppose, and stand up and speak against this renaming is abandoning the generation of veterans who fought and served in World War I."

Source: Fox News National

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China sets aside crops for wild elephants to spare farmers

China plans to grow crops specifically for wild elephants to graze on in an effort to spare the livelihoods of local farmers.

The southwestern province of Yunnan will set up the special farm in a habitat area in Menghai county where 18 of the animals frequently raid the crops of farmers from villages in the area.

The 51-hectare (126-acre) farm located in a habitat protection area will grow corn, sugarcane, bamboo and bananas.

The official Xinhua News Agency on Sunday quoted an unidentified official with the local forestry bureau as saying protecting local residents was key to Asian elephant conservation

Wild Asian elephants are a protected species in China, and conservation efforts have allowed their numbers in the country to rise to about 300.

Source: Fox News World

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Britain's Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador's residence in Beijing
Britain’s Chancellor of the Exchequer Philip Hammond looks on during an interview with Reuters at the British Ambassador’s residence in Beijing, China April 26, 2019. REUTERS/Florence Lo/Pool

April 26, 2019

BEIJING (Reuters) – British finance minister Philip Hammond said on Friday that he had a “very constructive meeting” with his counterpart in the opposition Labour Party before leaving for Beijing and that he was optimistic about finding common ground.

Hammond, speaking on the sidelines of a summit on China’s Belt and Road initiative in Beijing, said talks with Labour aimed at finding a way forward on Brexit had not stalled.

“I’m optimistic that we will find common ground,” he said. “Both sides have got clear positions and both sides will have to compromise in order to reach an agreement.”

Hammond added that he absolutely did not favor a no deal exit from the European Union.

(Reporting by Ben Blanchard; editing by Darren Schuettler)

Source: OANN

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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