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Manafort Indicted on Mortgage Fraud Charges in New York

 President Donald Trump's former presidential campaign chairman Paul Manafort has been indicted in New York on fresh charges of residential mortgage fraud, state prosecutors said on Wednesday.

Shortly after Manafort's sentencing on federal conspiracy charges in Washington, Manhattan District Attorney Cyrus Vance announced that the indictment was filed in state Supreme Court last Thursday.

Source: NewsMax America

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Baidu’s quarterly revenue rises 15 percent

FILE PHOTO - A Baidu sign is seen during the fourth World Internet Conference in Wuzhen
FILE PHOTO - A Baidu sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 4, 2017. REUTERS/Aly Song/File Photo

February 21, 2019

(Reuters) – Chinese search engine operator Baidu Inc beat Wall Street estimates for fourth quarter revenue and profit on Thursday, aided by strong growth in its online marketing business.

Revenue for the segment rose nearly 4 percent to 21.2 billion yuan ($3.15 billion) in the quarter ended Dec. 31.

The company’s U.S.-listed shares were up nearly 3 percent to $176.75 in extended trading.

Baidu forecast first quarter revenue between 23.5 billion yuan and 24.7 billion yuan, while analysts had expected 24 billion yuan, according to IBES data from Refinitiv.

The company in October had forecast fourth-quarter sales below analyst estimates, citing policy changes and the trade war.

Total revenue rose about 15 percent to 27.2 billion yuan, beating estimates of an 11.4 percent rise.

Net income attributable to the company fell to 2.08 billion yuan ($309.55 million) in the quarter, from 4.16 billion yuan a year earlier.

Excluding items, the company earned 13.18 yuan per American depositary share, beating estimates of 11.83 yuan per ADS.

(Reporting by Cate Cadell in Beijing; Additional reporting by Akanksha Rana in Bengaluru; Editing by Shinjini Ganguli)

Source: OANN

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Trump Budget Proposes Ending Electric Vehicle Tax Credit

 The White House proposed on Monday eliminating a tax credit worth up to $7,500 on the purchase of new electric vehicles, a move it says would save the U.S. government $2.5 billion over a decade.

Major automakers have been lobbying Congress to extend the credit that phases out after companies hit 200,000 vehicles sold. They are hopeful Congress could expand the benefit by including it in a package of extended tax provisions that would otherwise expire that could win approval this year.

Tesla Inc and General Motors Co both hit the 200,000 figure last year, but other major automakers are far from that figure. The credit consumers receive for buying Teslas fell to $3,750 on Jan. 1 and will drop to $1,875 for six months starting July 1.

The credit for GM vehicles will fall to $3,750 on April 1, and then drop to $1,875 in October for six months.

It will completely disappear for Tesla buyers in January 2020 and in April 2020 for GM.

In November, a congressional report said 57,066 taxpayers claimed $375 million in electric vehicle tax credits in 2016. Congress previously estimated the cost of the credit at $7.5 billion between the 2018 and 2022 fiscal years.

The credit enjoys strong support among Democrats in Congress, but Senator John Barrasso, a Republican who chairs the Senate Environment and Public Works Committee, has proposed legislation to end it entirely.

In December, White House economic adviser Larry Kudlow said the administration of President Donald Trump wanted to end subsidies for electric cars and other related items, including renewable energy sources.

"As a matter of our policy, we want to end all of those subsidies," Kudlow said. "And by the way, other subsidies that were imposed during the Obama administration, we are ending, whether it's for renewables and so forth."

Trump last year threatened to eliminate subsidies for GM in retaliation for the company's decision to close five North American plants and cut 15,000 jobs.

The Trump 2020 budget also proposes ending funding for a Energy Department loan program that aided automakers building more fuel-efficient models, including Tesla, Ford Motor Co and Nissan Motor Co. But the program has not funded a new loan since 2011.

The National Highway Traffic Safety Administration is seeking $14.2 million for the deployment and development of self-driving car technologies, including testing and research to address regulatory issues.

Trump's $4.7 trillion budget, which seeks to slash funding for foreign aid and the State Department and increase spending for the military and a border wall, is expected to be rejected by Congress.

Source: NewsMax Politics

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Osaka breezes past Hsieh to reach Stuttgart last eight

Tennis: BNP Paribas Open-Day 9
FILE PHOTO: Mar 12, 2019; Indian Wells, CA, USA; Naomi Osaka (JPN) as she was defeated in her fourth round match against Belinda Bencic (not pictured) in the BNP Paribas Open at the Indian Wells Tennis Garden. Mandatory Credit: Jayne Kamin-Oncea-USA TODAY Sports

April 25, 2019

BERLIN (Reuters) – World number one Naomi Osaka made a winning start to her claycourt season by beating Taiwan’s Hsieh Su-wei 6-4 6-3 on Thursday to move into the quarter-finals of the Porsche Tennis Grand Prix.

The twice grand slam champion, who has yet to win a title on clay, found little resistance as she avenged her defeat to Hsieh in Miami last month.

A break was enough for Osaka to win the first set as she looked somewhat uncomfortable on Stuttgart’s quick indoor clay, designed to be similar to next month’s French Open courts.

There was nothing wrong with her serve, however, as she fired seven aces during the contest.

After going 2-0 up in the second set, Osaka grew in confidence and broke again to seal her first win on clay this season on her first match point.

Victory also meant she will hold on to her world number one ranking after this week.

Osaka will next face Croatia’s Donna Vekic who beat Daria Kasatkina 6-1 7-5.

Former world number one Victoria Azarenka of Belarus will take on fourth seed and defending champion Karolina Pliskova for a spot in the quarter-finals later on Thursday.

(Reporting by Karolos Grohmann, editing by Pritha Sarkar)

Source: OANN

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NHL notebook: Knights acquire Stone at deadline

NHL: Ottawa Senators at Winnipeg Jets
FILE PHOTO - Feb 16, 2019; Winnipeg, Manitoba, CAN; Ottawa Senators forward Mark Stone (61) reacts after a goal against the Winnipeg Jets during the first period at Bell MTS Place. Mandatory Credit: Terrence Lee-USA TODAY Sports

February 26, 2019

The Vegas Golden Knights agreed to a contract extension with Mark Stone on Monday, shortly after they acquired the right winger from the Ottawa Senators.

The contract will be for eight years and worth an average of $9.5 million per season, Bob McKenzie of TSN reported. Stone confirmed with the network that he and the team have agreed to a deal but declined to confirm the terms.

The Senators received highly regarded defensive prospect Erik Brannstrom (the No. 15 overall pick in the 2017 NHL Draft), forward Oscar Lindberg and a 2020 second-round draft pick that originally belonged to the Dallas Stars.

Stone, 26, has 28 goals and 34 assists (62 points) in 59 games this season. He was set to become an unrestricted free agent following the season.

–The Pittsburgh Penguins made two deals for defensemen, acquiring Erik Gudbranson from the Vancouver Canucks for forward Tanner Pearson, and netting Chris Wideman from the Florida Panthers for forward Jean-Sebastien Dea.

–The Winnipeg Jets acquired forward Kevin Hayes from the New York Rangers for forward Brendan Lemieux and a 2019 first-round draft pick.

The Jets then closed out trade-deadline day with five more moves, bringing back forward Matt Hendricks from the Minnesota Wild for a seventh-round pick in 2020, landing forward Par Lindholm from the Toronto Maple Leafs for forward Nic Petan, getting defenseman Nathan Beaulieu from the Buffalo Sabres for a sixth-round selection in 2019 and acquiring defenseman Bogdan Kiselevich from the Panthers for a seventh-round selection in 2019.

In the Jets’ final move of the day, they acquired forward Alex Broadhurst from the Columbus Blue Jackets for future considerations.

–The Philadelphia Flyers traded veteran forward Wayne Simmonds to the Nashville Predators for forward Ryan Hartman and a conditional fourth-round draft pick in 2020. Simmonds, 30, had 16 goals and 11 assists in 62 games for Philadelphia this season.

–The Predators also traded forward Kevin Fiala to the Wild for veteran winger Mikael Granlund in a swap of former first-round draft picks.

–The Blue Jackets acquired veteran defenseman Adam McQuaid from the Rangers for AHL defenseman Julius Bergman and two 2019 draft picks. New York received fourth- and seventh-round selections.

Columbus also acquired goaltender Keith Kinkaid from the New Jersey Devils in exchange for a fifth-round pick in the 2022 NHL Draft.

–The St. Louis Blues added defenseman Michael Del Zotto from the Anaheim Ducks in exchange for a sixth-round draft pick.

–Prior to Colorado’s Monday night contest against Florida, the Avalanche acquired forward Derick Brassard and a reported conditional 2020 sixth-round draft pick from the visiting Panthers in exchange for a third-round pick in 2020.

–The Montreal Canadiens acquired center Jordan Weal from the Arizona Coyotes on for center Michael Chaput. Both players turn 27 in April, and both were selected in the third round of the 2010 NHL Draft.

–The Carolina Hurricanes acquired forward Tomas Jurco from Florida and dealt forward Cliff Pu to the Panthers in separate trades Monday. In both transactions, the teams are receiving future considerations in return.

–The Boston Bruins acquired forward Marcus Johansson from the Devils in exchange for a second-round pick in 2019 and a fourth-rounder in 2020.

–The Calgary Flames acquired defenseman Oscar Fantenberg from the Los Angeles Kings for a conditional 2020 fourth-round draft pick.

–The Canucks acquired 19-year-old forward Linus Karlsson from the San Jose Sharks in exchange for 21-year-old forward Jonathan Dahlen.

–The Wild and center Eric Staal agreed to a two-year, $6.5 million deal shortly after the trade deadline. Staal, 34, had been slated to become an unrestricted free agent after the season.

–The Rangers signed forwards Boo Nieves and Steven Fogarty to one-year extensions. Terms were not released, but TSN reported the value of Nieves’ deal at $700,000. Nieves was set to become an unrestricted free agent in July.

–Buffalo right winger Kyle Okposo cleared concussion protocol and played in the Sabres’ Monday road game against the Maple Leafs. Okposo had been sidelined since being punched in the chin by Rangers defenseman Tony DeAngelo on Feb. 15. It was his third diagnosed concussion in three years.

–Chicago Blackhawks goaltender Corey Crawford, who has recovered from a concussion, was activated by the team. Crawford, 34, was sidelined more than two months after his second concussion in less than a year. Chicago removed Crawford from injured reserve and assigned goaltender Collin Delia to Rockford of the AHL.

–Field Level Media

Source: OANN

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Michael Cohen Backs Away From Parts of His Guilty Plea

President Donald Trump's one-time personal attorney, Michael Cohen, has walked back part of his guilty plea, claiming he did not evade taxes and a criminal charge related to a home-equity line of credit was "a lie," according to The Wall Street Journal.

The newspaper said Cohen made his comments in a phone call to actor and comedian Tom Arnold, a vocal critic of Trump. The newspaper said the March 25 call was recorded without Cohen's knowledge by Arnold.

Cohen has pleaded guilty to eight criminal charges, including campaign-finance violations regarding hush-money payments to former porn star Stormy Daniels and Playboy centerfold Karen McDougal. He has also admitted to five counts of evading personal income taxes and one count of understating his expenses and debt in an application for a home-equity line of credit, or Heloc, the newspaper noted.

"There is no tax evasion," he said during the call. "And the Heloc? I have an 18% loan-to-value on my home. How could there be a Heloc issue? How? Right? . . . It's a lie."

During the call, Cohen, who is preparing for a three-year prison term, confessed he felt like "a man all alone."

"You would think that you would have folks, you know, stepping up and saying, 'You know what, this guy's lost everything,'" Cohen said.

"My family's happiness, and my law license. I lost my business . . . my insurance, my bank accounts, all for what? All for what? Because Trump, you know, had an affair with a porn star? That's really what this is about."

Source: NewsMax America

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Florida man, 32, fakes robbery to get out of going into work: police

A Florida man went to extreme measures to get out of having to work Tuesday morning.

The Polk County Sheriff’s Office said they responded to a 911 call in Dundee for an armed robbery. The victim, identified as 32-year-old Brian Anderson, told responding deputies that two unknown suspects took his money, his necklace, and his cellphone.

Anderson said the suspected robbers then threw his phone on the ground and fled in a black Ford Crown Victoria.

FLORIDA HOMELESS MAN CALLS COPS TO REPORT HE PAID FOR SEX -- BUT GOT SCAMMED, POLICE SAY

“Deputies quickly learned that the robbery never happened, and Brian confessed that he made up the story because … you’d better [be] sitting down for this,” the sheriff’s office wrote in a Facebook post. “because he didn’t want to show up for his 11:00 a.m. shift at the restaurant he works.”

Anderson was arrested and charged with misuse of 911 and knowingly given false information to law enforcement.

CLICK HERE TO GET THE FOX NEWS APP

“On the bright side, Brian didn’t have to go to his 11:00 a.m. shift at the restaurant,” the sheriff’s office said.

Source: Fox News National

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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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