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Canada’s oil-rich Alberta province to vote on April 16

Alberta Premier Rachel Notley waits to testify in Ottawa
FILE PHOTO: Alberta Premier Rachel Notley waits to testify before the Senate energy, environment and natural resources committee in the Senate of Canada Building in Ottawa, Ontario, Canada, February 28, 2019. REUTERS/Chris Wattie

March 19, 2019

By Nia Williams

CALGARY, Alberta (Reuters) – The western Canadian province of Alberta will hold an election on April 16, kickstarting a contest that many polls suggest will result in a change of government in the country’s oil-producing heartland as it struggles with a sluggish economy.

Premier Rachel Notley’s left-leaning New Democratic Party won a shock victory in traditionally conservative Alberta in 2015, ending 44 years of conservative rule, but inherited a provincial economy rocked by the collapse of global oil prices.

Notley was initially an ally of Liberal Prime Minister Justin Trudeau and backed his attempts to please the oil industry and environmentalists by championing export pipelines while also introducing carbon pricing.

The relationship soured last year over efforts to expand the Trans Mountain pipeline, prompting Notley to pull her support for Trudeau’s carbon plan. Ottawa owns the pipeline, whose expansion remains delayed.

Alberta’s government has grappled with weak oil prices, persistent budget deficits and a dearth of new export pipelines that left the landlocked province’s crude building up in storage, resulting in the discount on Canadian heavy crude blowing out to record levels last year.

As a last resort, Alberta took the controversial step of curtailing oil production to help prop up prices and investing in railcars to move more crude to market, a move that earned approval from some cash-strapped producers in the province’s dominant oil industry, and outrage from critics.

Announcing the date of the election in the oil industry’s corporate hub Calgary on Tuesday, Notley emphasized her government’s commitment to health and education and its efforts to revitalize Alberta’s economy.

“Since the oil price collapsed I know these last few years have been scary for a lot of families and I have worked day and night with my team to fight this recession and bring our economy back,” she told supporters.

Opinion polls suggest Notley could be the first one-term premier in Alberta’s history, and cede power to opposition leader Jason Kenney of the United Conservative Party, a former top federal cabinet minister.

The UCP have been consistently ahead in the polls since last year. An Ipsos/Global News poll on Tuesday said 53 percent of Albertans would vote for the UCP if an election were held today, versus 35 percent for the NDP.

Notley criticized Kenney for recent allegations that he was involved in an ethically dubious campaign to discredit a rival in the UCP leadership contest in 2017.

Kenney has denied any wrongdoing, but some political analysts say the scandal will dog his party’s election bid.

“If you add up the number of actual (UCP) party members to come out and publicly speak against Jason Kenney, this is significant,” said Lori Williams, a political science professor at Calgary’s Mount Royal University. “But is it going to be enough to shift undecided voters, that remains to be seen.”

Voters in Alberta are most concerned about the economy, jobs and getting pipelines built, Williams said, and the UCP will try and focus attention on how they would do a better job of tackling those issues. Notley and the NDP are likely to make issues of integrity, equality and trust a central part of their campaign, especially in light of the allegations surrounding Kenney.

(Editing by Chizu Nomiyama and G Crosse)

Source: OANN

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Tech unicorn Klarna may soon be ready to consider bourse listing: CEO

FILE PHOTO: Klarna CEO Sebastian Siemiakowski in the company's office in Stockholm, Sweden
FILE PHOTO: Klarna CEO Sebastian Siemiakowski in the company's office in Stockholm, Sweden February 17, 2016. REUTERS/Mia Shanley/File Photo

April 11, 2019

STOCKHOLM (Reuters) – Swedish tech unicorn Klarna is nearing the point where it could seek a stock market listing, but it’s unlikely to be this year, the CEO and co-founder of the fast-growing online payments services firm said.

Founded in 2005 and backed by investors such as Sequoia Capital, Atomico, Visa and Permira, Klarna has fueled expectations in financial markets that it could go public since it doubled down on growth last year after securing a Swedish banking license and announcing plans to expand into new countries in 2019.

“We have not taken a formal decision of listing, but Klarna is approaching a situation where I think we are more ready to list the company,” CEO Sebastian Siemiatkowski told Reuters in a recent interview.

“If, I, a couple of years ago thought that it was too early and had fewer advantages than disadvantages, my picture now is that the company is in another maturity phase and I see that there may be advantages for us to be able to pursue the strategy we want.”

Payments firms have been involved in some of the biggest global deals recently, including Fidelity National Information Services’s $35 billion purchase of Worldpay, while Italy’s Nexi is due to list in what will be Europe’s biggest IPO so far this year.

Klarna, valued at more than $2 billion when fashion chain H&M bought a stake last year, grew revenues by 31 percent to 5.45 billion crowns ($588 million) in 2018, while operating profit fell to 161 million crowns from 524 million.

Siemiatkowski declined to speculate on the timing of a possible float, but said there were no immediate plans and that 2019 was probably too soon.

Shares in Dutch payments processor Adyen have almost tripled from their IPO price of 240 euros ($270) last year.

Siemiatkowski said that as well as growing market interest in payments companies, there were practical reasons for a listing.

“There are increasing administrative costs for not being listed and still having so many owners and being such a big company as we are,” he said. A listing would also provide marketing benefits, he added.

Klarna has 2,500 employees and is one of Europe’s so-called tech unicorns – a start-up with a valuation of more than $1 billion. Last month it said it planned a larger external fundraising round later this year.

Having just closed its latest funding round of 1 billion crowns to support expansion, the company plans to expand from 14 markets currently – Germany and Sweden are its biggest – though not to China.

“People refer to the U.S market as extremely competitive but in my world it cannot compare to the Chinese one. There is much more to do in markets that are not as competitive,” Siemiatkowski said.

($1 = 9.2663 Swedish crowns)

(Reporting by Helena Soderpalm; editing by Niklas Pollard and Susan Fenton)

Source: OANN

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Psychiatrist found dead in Playboy model’s car had paid her rent, warrant says

A psychiatrist who was allegedly bludgeoned to death and stuffed in the trunk of a car had been paying rent for the Playboy model who's been charged in connection with his murder, according to court documents stated.

Kelsey Turner, 25, was arrested on March 21 and charged with the murder of Dr. Thomas Burchard, 71. The doctor was found dead in the trunk of a blue Mercedes Benz on March 7 near the entrance to the Lake Mead National Recreational Area in Las Vegas. Investigators spoke with Turner’s landlord who told them the doctor paid for her rent in December 2018 and “her lease was paid through June 2019,” the media outlet reported. Burchard’s longtime girlfriend, Judy Earp, told KTNV she believed her boyfriend gave Turner about $300,000 over the years.

“The last conversation I had with him, he had to go to Las Vegas to check things out because she [Turner] was a compulsive liar,” Earp said of her boyfriend.

PLAYBOY MODEL, 25, ARRESTED IN DEATH OF CALIFORNIA PSYCHIATRIST, 71, FOUND IN TRUNK OF CAR

Earp described the slain psychiatrist as “overly compassionate” and someone who gave money to “about a half a dozen women over their 17-year relationship,” KSBW reported.

"Kelsey wasn't the first person he helped, (but) unfortunately, the last," Earp told KSBW.

It was not immediately clear how Turner and Burchard crossed paths. It was also not immediately clear why he paid her rent.

Earp reported her boyfriend missing and, according to the warrant, she “believed Burchard was in the early stages of Alzheimer’s and suspected Turner may have murdered him.

BOYFRIEND OF SLAIN SOUTH CAROLINA STUDENT SAYS HE WAS TRACKING HER WHEREABOUTS BY PHONE DURING ABDUCTION

When authorities went to Turner’s home with a search warrant, they found a bath towel that matched one inside the car where Burchard’s body was discovered and blood on the door. The warrant stated officers “found evidence of a clean-up” in the home as well.

Investigators also looked toward the car, which was registered in the name of a man living in China. That person had placed the vehicle on Craigslist to ask someone to take over the payments, The Washington Post reported. The Playboy model replied to the ad, police said. She did not report the car as stolen, police said.

Turner, who posed for racy photos including some that were posted on Playboy’s Italian-language website, was found by FBI agents in Stockton, Calif., on March 21. Turner was being held in the San Joaquin County Jail without bail as she awaits extradition to face a murder charge in Las Vegas. KSBW reported Turner is pregnant, which is why her extradition was delayed.

Fox News’ Stephen Sorace contributed to this report.

Source: Fox News National

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Catalonia protesters clash with police over separatist trial

Police officers stand next to burning barricades settled to block the AP7 highway during a regional strike near Girona
Police officers stand next to burning barricades settled to block the AP7 highway during a regional strike near Girona, Spain, February 21, 2019. REUTERS/Pilar Suarez

February 22, 2019

BARCELONA, Spain (Reuters) – Riot police clashed with pro-independence Catalan protesters in Barcelona on Thursday while other activists burned tires and tried to block highways across northeast Spain as part of a day of protests against the trial of 12 separatist leaders.

Near the Plaza Catalonia railway station in downtown Barcelona, police in riot gear used batons against a large group of mostly young protesters after some of them hurled stones at the police. No arrests or injuries were reported.

(Reporting by Pilar Suárez and Jordi Rubio; Writing by Paul Day and Andrei Khalip; Editing by Angus MacSwan)

Source: OANN

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Amazon first-quarter sales beats estimates

FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol

April 25, 2019

(Reuters) – Amazon.com Inc on Thursday topped first-quarter sales estimates as the world’s biggest online retailer benefited from soaring demand for its cloud and advertising businesses and a surge in online shopping.

Net sales rose 17 percent to $59.70 billion, beating analysts’ average estimate of $59.65 billion.

The company forecast net sales of between $59.5 billion and $63.5 billion for the second quarter. Analysts on average estimated $62.37 billion, according to IBES data from Refinitiv.

Amazon’s net income rose to $3.56 billion, or $7.09 per share, in the first quarter ended March 31, from $1.63 billion, or $3.27 per share.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Arun Koyyur)

Source: OANN

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Levi Strauss shares surge 31 percent in return to stock market

Levi Strauss & Co. CEO Chip Bergh on floor of New York Stock Exchange (NYSE) during company's IPO in New York
FLevi Strauss & Co. CEO Chip Bergh is seen 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 Diptendu Lahiri

(Reuters) – Shares in Levi Strauss & Co surged 31 percent in their debut on Thursday, giving the U.S. jeans maker a market value of $8.7 billion and indicating a strong investor appetite ahead of much-awaited listings from Lyft and Uber Technologies.

The 165-year-old company’s return to the public market comes at a time when stocks are near all-time highs and the popularity of denim is surging, driven by the resurgence of the 90s styles such as high-waist and pinstriped jeans.

The self proclaimed inventor of the blue jeans, which has grown to become one of the world’s most recognized denim brands, hopes to use a part of the proceeds from the share offering to expand further into emerging markets such as Brazil, China and India.

“Denim continues to prove prevalent in streetwear and on the runway, so we’re not expecting it to go anywhere any time soon,” an analyst at retail analytics firm Edited said.

“That’s why now is a great time for Levi’s to capitalize on this momentum.”

Levi first went public in 1971. It sold a total of 1.27 million shares at $47 each and the stock opened at $60, according to a New York Times report.

After 14 years as a public company, it was taken private by the Haas family, the descendants of founder Levi Strauss, in a $1.6 billion leveraged buyout.

Levi’s second IPO was priced at $17 on Wednesday, above the expected range, in an oversubscribed offering. The Haas family will retain 80 percent voting control of the public company. The market capitalization of the company is based on outstanding shares of about 390 million, which includes the over-allotment option.

“There is a lot to like when it comes to Levi Strauss the brand and its outlook moving forward,” said Jeff Zell, senior research analyst and partner at IPO tracking firm, IPO Boutique.

“The company and the underwriters targeted a reasonable valuation to start and allowed the true investor demand to dictate price which ultimately came one-dollar above range.”

The company reported a 14 percent rise in revenue to $5.6 billion in 2018, a majority of which came from men’s denim. Its biggest market is Americas, which accounts for about 55 percent of total revenue.

The San Francisco, California-based company sells in 110 countries through 50,000 retail stores and its rivals include Gap Inc and VF Corp’s Lee and Wrangler brands.

To attract young customers, Levi’s is planning to expand its tailor shop and print bar that allow consumers to customize and put their own designs on the company’s branded jeans and T-shirts.

Levi’s market splash also marks the start of what could be a blockbuster year for IPOs with several high profile companies expected to list their shares.

Ride-hailing service provider Lyft Inc kicked off the investor road show for its market debut on Monday and larger rival Uber is expected to go public in April.

The line-up also includes photo-posting app Pinterest, home-renting service provider Airbnb and business messaging app Slack.

(Reporting by Diptendu Lahiri and Aishwarya Venugopal in Bengaluru; Writing by Sweta Singh; Editing by Arun Koyyur)

Source: OANN

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Stuart Varney on new Wall Street record: ‘It’s the Trump growth agenda success story’

Stuart Varney, host of “Varney & Co.” on Fox Business, said Wednesday the new Wall Street record high can be attributed to the “Trump growth agenda,” which he said “has been wildly successful.”

Varney made the statements on “Fox & Friends” the morning after the S&P 500 hit an all-time high, recovering from last year's dramatic plunge.

“We’re in earnings season. That's the time when the big corporations tell us how much money did you make. That's what they are telling us right now,” said Varney, a Fox News business contributor on “Fox & Friends.”

WALL STREET'S IN RECORD GROUND. WHAT DO INVESTORS DO NOW?

“The expectation was the profits would go down. Instead, we got profits going up very nicely. I challenge you. Go and look at your 401(k). Look at your IRA. I guarantee you will smile because since President Trump was elected in November of 2016, the value of all stocks has gone up by $9.4 trillion.”

He added, “Middle America has got a piece of that, your 401(k), your pension plan, you got a piece of that. And it's gone up like that because of the Trump growth agenda. It has been wildly successful. The economy is expanding. The market’s at record highs.”

Varney predicted the economy will continue to do well “if profits continue to go to record levels.”

ANNUAL ECONOMIC GROWTH HITS 3 PERCENT, DEFYING PREDICTIONS OF TRUMP CRITICS

Last month, the White House touted economic numbers that some well-known economists once predicted would never happen under President Trump.

The conflicting predictions came early in 2017, when Trump and his official budget proposal forecast more than 3 percent annual economic growth under his presidency.

According to the Bureau of Economic Analysis, the economy grew at a 3.1 percent rate from the fourth quarter of 2017 to the fourth quarter of 2018, one measure of annual growth. That marked the first time in 13 years that it had been over 3 percent, the White House noted. The administration attributed the gains to tax cuts, deregulation and other pro-growth policies.

“I believe 41 states are now bringing in more money than they did I think 10 years ago before the crash. So you’re back to where you were before the crash. That is entirely the result of President Trump's growth agenda,” Varney said Wednesday.

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“The economy is growing, 3, maybe a bit more than that 3 percent. The stock market record highs. In comes the money to state governments. It's a success story. It's the Trump growth agenda success story. Case closed.”

Source: Fox News National

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Brazilian President Jair Bolsonaro on Thursday said his government must make men aware of the dangers of poor hygiene after expressing dismay over the 1,000 penis amputations that apparently occur in his country each year.

“In Brazil, we have 1,000 penis amputations a year due to a lack of water and soap,” he said while speaking to reporters in Brasilia after visiting the Education Ministry. “We have to find a way to get out of the bottom of this hole.”

The far-right leader called the figure “ridiculous and sad,” Reuters reported. A spokeswoman for the Brazilian urology society told the news agency the number is based on its official data for penis amputations.

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The amputations were conducted out of necessity over untreated infections, along with complications from HIV and various cancers, she said.

Source: Fox News World

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A top Russian diplomat says Russia is willing to negotiate a new nuclear weapons treaty with the United States and China.

Deputy Foreign Minister Sergei Ryabkov told reporters on Friday Moscow is closely following reports in the United States that the U.S. would like to reach a nuclear weapons deal with both Russia and China, and is “willing” to negotiate. The story was reported by CNN earlier Friday.

Ryabkov also said that Russia “would like to convince” the U.S. to adopt a joint statement that would condemn any use of nuclear weapons.

Ryabkov’s comments come just months after the U.S. withdrew from the Intermediate-Range Nuclear Forces Treaty, a cornerstone of the post-Cold War security, and Russia followed suit. Each claims breaches by the other.

Source: Fox News National

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Government dysfunction and an intelligence failure that preceded the Easter Sunday bombings in Sri Lanka are traced to simmering divisions between the president and prime minister after a weekslong political crisis that crippled the country last year.

The government has admitted to a “lapse of intelligence” after officials failed to act upon near-specific information received from foreign agencies. Suicide bombers exploded themselves last Sunday in three churches and three luxury hotels, killing 253 people and wounding 400 more. Authorities said eight Muslim militants blew themselves up at their targets while the wife of one of the attackers blasted herself on being rounded up by police.

The carnage has brought forth arguments that worshippers and holidaymakers fell victim to the rivalry and a lack of communication between the country’s two leaders — President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.

The Cabinet led by Wickremesinghe says neither he nor his ministers were informed of the intelligence received by the defense authorities. Sirisena is the head of state, defense minister, minister in charge of the police and head of the armed forces. He also chairs the National Security Council, which includes the heads of security agencies and departments. Traditionally the prime minister also plays an important role on the council.

According to Health Minister Rajitha Senaratne, Sirisena has not included Wickremesinghe in national security affairs since a dispute between them came into the open in October last year. This is an unusual departure from the protocol, he said.

Senaratne said that Sirisena was overseas when the attacks took place and even after that, the National Security Council refused to meet with Wickremesinghe as he tried to give them instructions.

Sirisena has also said that he was not informed of the intelligence received and vowed to overhaul the leadership of the defense forces.

The top bureaucrat at the Defense Ministry, Hemasiri Fernando, has resigned at Sirisena’s insistence.

“It is a major factor,” said Jehan Perera, the head of local activist group National Peace Council, referring to the alleged lack of coordination between the leaders contributing to the failure to prevent the attacks.

“The primary responsibility has to be taken by the president, he did not give the information and he did not act,” Perera said. “He had the Ministry of Defense, took the police from the prime minister, chaired the National Security Council meetings and did nothing,” Perera said.

Kusal Perera, a journalist and political commentator, says security and intelligence officials should have acted on the information whether or not they received orders from politicians.

“If they (Wickremesinghe and his party) were not invited to the National Security Council, why did not they say in Parliament that they were not responsible for the security of the country any longer,” said Perera, who is not related to Jehan Perera.

“Saying that now is taking political advantage, not taking responsibility,” he said.

Sirisena and Wickremesinghe belong to different political parties but came together for Sirisena’s presidential campaign in 2015. Their relationships broke down and their differences exploded last year when Sirisena suddenly sacked Wickremesinghe as prime minister and appointed in his place former strongman Mahinda Rajapaksa, whom he defeated in the presidential election. The crisis crippled the country for more than seven weeks to the point of not being able to pass this year’s national budget on time.

A court decision compelled Sirisena to reappoint Wickremesinghe, but the two leaders have been rivals within the same government.

Rajapaksa, who is the minority leader in Parliament, blames the government for weakening intelligence and dropping its guard, which he had maintained to defeat the separatist Tamil Tiger rebels 10 years ago to end the 26-year-old civil war. He also criticized the government for the detention of intelligence officers accused of extrajudicial killings and abductions during the closing days of the war, which he said crippled the security apparatus before the bombings. According to conservative U.N estimates, some 100,000 people were killed in Sri Lanka’s conflict.

Sirisena summoned an all-party conference Thursday to which Wickremesinghe was also invited. At the conference, Sirisena stressed “setting aside all the political beliefs and difference (so that) everybody should collectively commit towards building a peaceful environment within the country,” a statement from his office said.

“It is not a secret that the disagreements between me and the government aggravated over the past two years,” Sirisena told the country’s media executives Friday. “One of the reasons for that is weakening of military intelligence and arresting military officials unnecessarily and my speaking up against it within and outside the government.”

Jehan Perera said that the security threat could prove politically advantageous to Rajapaksa and his family, with a presidential election scheduled at the end of this year. Gotabhaya Rajapaksa, a younger brother of Mahinda, was the powerful defense secretary during his brother’s reign and has expressed his interest to join the contest.

“People are saying we want a stronger leader and they are talking about Gotabhaya. It (the blasts) has worked to their benefit,” Perera said.

Source: Fox News World

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Cyprus police are intensifying a search for the remains of more victims at locations where an army officer, who authorities say admitted to killing five women and two girls, allegedly had dumped their bodies.

Police said Friday’s search will concentrate on a military firing range, a reservoir and a man-made lake near an abandoned mine approximately 32 kilometers (20 miles) west of the capital Nicosia.

On Thursday, the 35-year-old suspect told investigators that he had killed four more people than he had previously admitted to. All the suspect’s alleged victims are foreign nationals.

Police have already found the bodies of a 38-year-old Filipino woman and two as yet unidentified women.

Search crews are now looking for the daughter of the 38-year-old, a Romanian mother and daughter and another Filipino woman.

Source: Fox News World

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A California man who allegedly fatally shot his ex-girlfriend in broad daylight last month before fleeing the country has been returned to the U.S. following his arrest in Mexico on Wednesday, authorities said.

Julio Cesar Rocha, 25, of Montlcair, is accused of shooting his 25-year-old ex-girlfriend Thalia Flores and a second unidentified male victim March 21 around 2:45 p.m. while the two were sitting in a vehicle in the parking lot of a discount store in Chino. Both communities are about 36 miles east of Los Angeles.

ARREST MADE IN DOUBLE HOMICIDE OF EX-PRO HOCKEY PLAYER, COMMUNITY ADVOCATE, POLICE SAY

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores.

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores. (City of Chino Police Department)

Flores died at the scene. The man, whose name was not released, walked to a nearby hospital where he’s recovering from his gunshot wounds.

Rocha allegedly fled the scene and remained at large for more than a month, the Daily Bulletin reported. He was formally arrested at 4:30 p.m. after arriving at Los Angeles International Airport from Mexico, KTLA-TV reported.

The suspect was booked at the West Valley Detention Center in Rancho Cucamonga on murder and attempted murder charges, the City of Chino Police Department said on Facebook.

Flores ended her seven-year relationship with Rocha just two months before her death and still lived in fear of him until that point, a sister of the victim, Bernice Flores, told the Daily Bulletin.

“He said himself so many times to other people, ‘If I can’t have her, no one will.’ ” Flores said, adding that her sister stayed in the relationship longer that she would have liked in fear that Rocha would hurt her or her family if they broke up.

Rocha was convicted on misdemeanor battery in 2016 and sentenced to 60 days in prison. He was originally charged with misdemeanor assault with a deadly weapon, but the charges were lowered in a plea deal, the Daily Bulletin reported.

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Rocha was convicted of misdemeanor resisting or obstructing a peace officer in 2014. A second charge of misdemeanor battery was dropped in a plea deal, and Rocha was ordered to complete a 26-week anger management course, according to San Bernardino County Superior Court records. Rocha was later arrested and sentenced to 10 days behind bars for failing to complete the course.

Source: Fox News National

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