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Italian court rules against Citibank request to block Parmalat shares’ delisting

A Citibank branch is seen in Santa Monica
A Citibank branch is seen in Santa Monica, California, U.S. March 19, 2018. REUTERS/Lucy Nicholson

March 27, 2019

ROME (Reuters) – An Italian administrative court has rejected a request from Citibank to block the delisting of shares in diary group Parmalat from the Milan bourse, court documents seen by Reuters showed.

Parmalat’s main shareholder Sofil is seeking to take the Parma-based group private after raising its stake to 95.8 percent and buying out minority shareholders.

The move is opposed by Citibank, which is seeking 345 million euros ($389 million) from Parmalat as compensation in a lawsuit and could receive the sum in the form of shares.

The U.S. bank turned to the administrative court earlier this month asking for a suspension of decision by market regulator Consob and the Milan bourse, which had given a green light to the delisting.

(Reporting by Domenico Lusi; writing by Francesca Landini, editing by Silvia Aloisi)

Source: OANN

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Volkswagen CEO says he has not considered taking a minority stake in Waymo

Herbert Diess, CEO of German carmaker Volkswagen addresses the media during the annual news conference at the Volkswagen plant in Wolfsburg
Herbert Diess, CEO of German carmaker Volkswagen addresses the media during the annual news conference at the Volkswagen plant in Wolfsburg, Germany March 12, 2019. REUTERS/Fabian Bimmer

March 12, 2019

WOLFSBURG, Germany (Reuters) – Volkswagen has not considered taking a minority investment in Google’s autonomous cars project Waymo, Chief Executive Herbert Diess said on Tuesday, adding that talks about developing self-driving cars with Ford continue.

The German carmaker said developing self-driving cars requires investments amounting to a high single digit billion euros amount, costs that would better be shared with a potential partner.

“We are in good talks with Ford,” Diess said, adding that Volkswagen had been in talks with numerous potential partners, including Waymo.

“The question is how do you make this technology safe, that is the key question,” Diess said, adding that getting regulatory approvals and convincing authorities that self-driving cars are safe are key questions guiding VW’s thinking on alliances.

VW hopes to take a decision about a partnership this year.

(Reporting by Edward Taylor; Editing by Michelle Martin)

Source: OANN

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Jimmy Carter says Trump called him to discuss US-China relations

Former President Jimmy Carter reportedly said Sunday that President Trump had given him a call the previous night to discuss relations with China.

Speaking during a church service in Georgia on Sunday, Carter – the longest living president in United States history – did not go into detail about his Saturday night conversation with Trump, but said that the current president was "rightly" concerned that "China is getting ahead of us," as NPR reported.

The White House Monday confirmed that Trump and Carter spoke.

"President Jimmy Carter wrote President Trump a beautiful letter about the current negotiations with China and on Saturday they had a very good telephone conversation about President Trump’s stance on trade with China and numerous other topics," the White House said in a statement. "The President has always liked President Carter and First Lady Rosalynn Carter, and extended his best wishes to them on behalf of the American people."

Former president Jimmy Carter, seen here in September 2018, reportedly said President Trump had called him to discuss China. (Scott Cunningham/Getty Images, File)

Former president Jimmy Carter, seen here in September 2018, reportedly said President Trump had called him to discuss China. (Scott Cunningham/Getty Images, File)

Carter, who in 1979 signed the accords that helped normalize relations with China, has been a strong voice in urging Washington and Beijing to find common ground and improve relations. Carter also has warned that the current trade conflict with China has distracted the two world powers.

JIMMY CARTER SMOOCHES WIFE ROSALYNN ON KISS CAM AT ATLANTA HAWKS GAME

China and the U.S. said recently they achieved new progress in talks aimed at ending a tariff standoff over Beijing's industrial and technology policies. A conclusion to the dispute, which has shaken financial markets, remained uncertain.

The two issues at the center of China-U.S. trade frictions have been forced technology transfer and intellectual property.

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The trade dispute between the two countries escalated last year after the U.S. made several complaints, including that China was stealing U.S. trade secrets and was forcing companies to give them technology to access its market. Trump imposed tariffs on $250 billion of Chinese imports. China retaliated with tariffs on about $110 billion of U.S. items.

The Associated Press contributed to this report. 

Source: Fox News Politics

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Mexican cartel gunmen kidnap and beat 11 police officers

Cartel gunmen kidnapped 11 police officers traveling through the Mexican central state of Puebla during the weekend, taking their guns and detaining them for hours, according to reports.

The officers were traveling in two police trucks when their attackers surrounded them, ordering them to get out and forcing them to kneel, reported Mexican news outlets. The gunmen, who had been in three SUVs, took the officers’ weapons and cell phones and beat them, according to the reports.

The officers had finished responding to a call about an attempted theft of gasoline from an oil refinery.

MEXICAN GOVERNMENT APOLOGIZES FOR DEATHS AFTER POLICE HANDED YOUTHS OVER TO RUTHLESS DRUG GANG

The gunmen released the police near a highway in Mexico City, but kept their police trucks, as well as the other items they had taken.

The attackers released the officers after authorities launched a search for them.

22 BUS PASSENGERS KIDNAPPED IN MEXICO MAY BE MIGRANTS 

The area where the police were kidnapped is a high-risk one for kidnapping and other crimes, reported the Mexico News Daily.

Roughly 1,200 people were kidnapped in Mexico in 2017, which has been a problem in the country since criminal organizations began carrying them out in 2006 to get ransoms to finance their illicit activities, said the website Vox. 

Víctor Manuel Sánchez Valdés, a research professor at the Autonomous University of Coahuila, Mexico, was quoted as telling the outlet: “They had to find other sources of income, which gave the hitmen in these groups carte blanche to participate in activities like kidnapping and extortion.”

Last month, an armed gang in Mexico kidnapped 22 passengers who were hauled off a passenger bus.

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The kidnapping recalled another in 2011, when dozens of passengers were hauled off buses by drug gangs in Tamaulipas, killed and their bodies dumped in mass graves.

Source: Fox News World

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Happening: Obama White House Counsel INDICTED for Lying to Mueller Team

An attorney for the White House under President Barack Obama has been indicted by the Trump Justice Department for allegedly lying about his lobbying work for a former Ukrainian president.

On Thursday DOJ charged former White House Counsel Greg Craig with two counts of making false statements regarding his connections to former Ukrainian President Viktor Yanukovych.

In a twist of irony, Craig’s alleged dealings were brought to light by FBI Special Counsel Robert Mueller’s investigation into collusion between the Trump campaign and Russia, making him the first Democrat to be indicted as a result of the now-completed probe.

“The Washington-based lawyer was indicted by a grand jury in the U.S. District Court for the District of Columbia for allegedly falsifying and concealing “material facts” and making false statements to the DOJ National Security Division’s Foreign Agents Registration Act (FARA) Unit, which is responsible for enforcing foreign lobbying laws,” reports Fox News.

“Craig allegedly made false statements to investigators looking into whether he appropriately registered foreign agent under FARA, which requires lobbyists to declare publicly if they represent foreign leaders, governments or their political parties.”

In the indictment [see below], Craig is quoted as asking a partner in a February 12 email: “I don’t want to register as a foreign agent under FARA. I think we don’t have to with this assignment, yes?”

Craig allegedly lobbied for Yanukovych in 2012 while he served as a partner at the Skadden, Arps, Slate, Meagher & Flom law firm, helping the ousted president write a report defending his government’s decision to prosecute the country’s former prime minister, Yulia Tymoshenko.

“Craig’s former law firm… reached a settlement with the Justice Department in January to resolve an investigation into the firm’s role in working on the Tymoshenko report and the subsequent public relations rollout,” reports Buzzfeed News. “The firm didn’t face criminal charges, but agreed to retroactively register as an agent for a foreign government and pay the US Treasury $4.6 million, representing the money the firm earned for its work.”

The settlement, Buzzfeed notes, cleared the firm as an entity, notably excluding individual partners who could later be charged.

The indictment charges Craig purposely avoided registering as a foreign agent for various purposes and benefits.

“The purpose of the scheme was for Craig to avoid registration as an agent of Ukraine,” the indictment reads. “Registration would require disclosure of the fact that Private Ukrainian had paid Craig and the Law Firm more than $4 million … [and] undermine the Report and Craig’s perceived independence; and impair the ability of Craig and others at the Law Firm to later return to government positions.”

According to Fox News,

Craig faces a total of up to 10 years in prison — up to five years and a possible $250,000 fine for allegedly willfully falsifying and concealing material facts from the FARA Unit, and another five years and $10,000 fine for making false and misleading statements to the FARA Unit.

“Mr. Craig is not guilty of any charge and the government’s stubborn insistence on prosecuting Mr. Craig is a misguided abuse of prosecutorial discretion,” Craig’s lawyers argued in a statement.

Each charge against Craig carries a maximum punishment of up to five years in prison.

Craig served as White House lawyer under President Barack Obama from 2009-2010 and previously served as assistant to the Bill Clinton White House, where he defended Clinton against impeachment.

Read the full indictment below:


Source: InfoWars

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The Latest: Person of interest detained in killings probe

The Latest on bodies found at a business in Mandan, North Dakota (all times local):

6:55 p.m.

Police say they have detained a person of interest in their investigation into the killings of four people at North Dakota business.

Mandan police said in a release Thursday evening that investigators are following up on a tip that led them to Washburn, about 35 miles (56 kilometers) north of Mandan.

Police released no further information and say it's an ongoing investigation.

The bodies of an owner and three employees were found early Monday at RJR Maintenance and Management in Mandan, just outside Bismarck. Police haven't said how they were killed or suggested a possible motive.

The North Dakota Bureau of Criminal Investigation and McLean County Sheriff's Office are also investigating the case.

___

10 a.m.

Police have declined to release details of a 911 call that alerted authorities to the killings of four people at a North Dakota business.

The bodies of an owner and three employees were found early Monday at RJR Maintenance and Management in Mandan, just outside Bismarck. Police haven't said how they were killed or suggested a possible motive. They said they haven't identified any suspects.

The Associated Press requested audio and a transcript of the 911 call, but police denied the request Thursday, citing a provision of the state's open records law that allows authorities to withhold such information during an active investigation.

Police did confirm that a Wednesday search in a field about half a mile from the business was related to the investigation. They also created a 24-hour public tip phone line.

___

6:40 a.m.

A combined memorial service will be held for a North Dakota business owner and three employees found slain earlier this week.

The service for Robert Fakler, William and Lois Cobb, and Adam Fuehrer will be held Tuesday morning at Bismarck Community Church.

Their bodies were discovered early Monday at RJR Maintenance and Management in Mandan, a city just across the Missouri River from Bismarck. Police have classified the case as a "multiple homicide," but investigators haven't said how the four died or identified the suspect.

Fakler co-owned the business, while the Cobbs and Fuehrer were employees.

Eastgate Funeral and Cremation Service director Bob Eastgate tells the Bismarck Tribune the families decided to have a combined service because the four were good friends.

The memorial service is open to the public.

Source: Fox News National

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Jerry Nadler Demands Barr Give Congress Unredacted Mueller Report

The Democratic chairman of the House Judiciary Committee is reiterating his demand that Attorney General William Barr provide Congress with the complete, unredacted report submitted by special counsel Robert Mueller on Russian election interference rather than a copy scrubbed of grand jury testimony and classified information.

A short time after Barr announced he would provide Congress a redacted copy of Mueller's report by the middle of April, Rep. Jerry Nadler, D-N.Y., pushed back hard.

"As I informed the attorney general earlier this week, Congress requires the full and complete Mueller report, without redactions, as well as access to the underlying evidence, by April 2. That deadline still stands," Nadler said in a statement.

"As I also informed him, rather than expend valuable time and resources trying to keep certain portions of this report from Congress, he should work with us to request a court order to release any and all grand jury information to the House Judiciary Committee — as has occurred in every similar investigation in the past."

Nadler claimed "ample precedent" exists for the DOJ to provide unredacted documents that have been requested by committees on Capitol Hill.

Nadler and other Democrats are particularly interested in why Mueller was unable to definitively say whether or not President Donald Trump obstructed justice. Trump and his campaign were cleared of conspiring with the Russians to win the 2016 election, but his critics are still demanding to see Mueller's entire report.

Source: NewsMax Politics

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FILE PHOTO: Sri Lankan Special Task Force soldiers stand guard in front of a mosque as a Muslim man walks past him during the Friday prayers at a mosque, days after a string of suicide bomb attacks on Easter Sunday, in Colombo
FILE PHOTO: Sri Lankan Special Task Force soldiers stand guard in front of a mosque as a Muslim man walks past him during the Friday prayers at a mosque, five days after a string of suicide bomb attacks on Catholic churches and luxury hotels across the island on Easter Sunday, in Colombo, Sri Lanka April 26, 2019. REUTERS/Dinuka Liyanawatte/File Photo

April 26, 2019

By Tom Lasseter and Shri Navaratnam

KATTANKUDY, Sri Lanka (Reuters) – Mohamed Hashim Mohamed Zahran was 12 years old when he began his studies at the Jamiathul Falah Arabic College. He was a nobody, with no claim to scholarship other than ambition.

Zahran and his four brothers and sisters squeezed into a two-room house with their parents in a small seaside town in eastern Sri Lanka; their father was a poor man who sold packets of food on the street and had a reputation for being a petty thief.

“His father didn’t do much,” recalled the school’s vice principal, S.M. Aliyar, laughing out loud.

The boy surprised the school with his sharp mind. For three years, Zahran practiced memorizing the Koran. Next came his studies in Islamic law. But the more he learned, the more Zahran argued that his teachers were too liberal in their reading of the holy book.

“He was against our teaching and the way we interpreted the Koran – he wanted his radical Islam,” said Aliyar. “So we kicked him out.”

Aliyar, now 73 with a long white beard, remembers the day Zahran left in 2005. “His father came and asked, ‘Where can he go?’.”

The school would hear again of Mohamed Zahran. And the world now knows his name. The Sri Lankan government has identified him as the ringleader of a group that carried out a series of Easter Sunday suicide bombings in the country on April 21.

The blasts killed more than 250 people in churches and luxury hotels, one of the deadliest-ever such attacks in South Asia. There were nine suicide bombers who blew apart men, women and children as they sat to pray or ate breakfast.

Most of the attackers were well-educated and from wealthy families, with some having been abroad to study, according to Sri Lankan officials.

That description does not, however, fit their alleged leader, a man said to be in his early 30s, who authorities say died in the slaughter. Zahran was different.

INTELLIGENCE FAILINGS

Sri Lanka’s national leadership has come under heavy criticism for failing to heed warnings from Indian intelligence services – at least three in April alone – that an attack was pending. But Zahran’s path from provincial troublemaker to alleged jihadist mastermind was marked by years of missed or ignored signals that the man with a thick beard and paunch was dangerous.

His increasingly militant brand of Islam was allowed to grow inside a marginalized minority community – barely 10 percent of the country’s roughly 20 million people are Muslim – against a backdrop of a dysfunctional developing nation.

The top official at the nation’s defense ministry resigned on Thursday, saying that some institutions under his charge had failed.

For much of his adult life, Zahran, 33, courted controversy inside the Muslim community itself.

In the internet age, that problem did not stay local. Zahran released online videos calling for jihad and threatening bloodshed.

After the blasts, Islamic State claimed credit and posted a video of Zahran, clutching an assault rifle, standing before the group’s black flag and pledging allegiance to its leader.

The precise relationship between Zahran and Islamic State is not yet known. An official with India’s security services, who spoke on condition of anonymity, said that during a raid on a suspected Islamic State cell by the National Investigation Agency earlier this year officers found copies of Zahran’s videos. The operation was in the state of Tamil Nadu, just across a thin strait of ocean from Sri Lanka.

“LIKE A SPOILED CHILD”

Back in 2005, Zahran was looking to make his way in the world. His hometown of Kattankudy is some seven hours’ drive from Colombo on the other side of the island nation, past the countless palm trees, roadside Buddha statues, cashew hawkers and an occasional lumbering elephant in the bush. It is a town of about 40,000 people, a dot on the eastern coast with no clear future for an impoverished young man who’d just been expelled.

Zahran joined a mosque in 2006, the Dharul Athar, and gained a place on its management committee. But within three years they’d had a falling out.

“He wanted to speak more independently, without taking advice from elders,” said the mosque’s imam, or spiritual leader, M.T.M. Fawaz.

Also, the young man was more conservative, Fawaz said, objecting, for instance, to women wearing bangles or earrings.

“The rest of us come together as community leaders but Zahran wanted to speak for himself,” said Fawaz, a man with broad shoulders lounging with a group of friends in a back office of the mosque after evening prayers. “He was a black sheep who broke free.”

Mohamed Yusuf Mohamed Thaufeek, a friend who met Zahran at school and later became an adherent of his, said the problems revolved around Zahran’s habit of misquoting Islamic scriptures.

The mosque’s committee banned him from preaching for three months in 2009. Zahran stormed off.

“We treated him like a spoiled child, a very narrow-minded person who was always causing some trouble,” said the head of the committee, Mohamed Ismail Mohamed Naushad, a timber supplier who shook his head at the memory.

Now on his own, Zahran began to collect a group of followers who met in what Fawaz described as “a hut”.

At about that time, Zahran, then 23, married a young girl from a small town outside the capital of Colombo and brought his bride back to Kattankudy, according to his sister, Mathaniya.

“I didn’t have much of a connection with her – she was 14,” she said.

Despite being “a bit rough-edged”, Zahran was a skilled speaker and others his age were drawn to his speeches and Koranic lessons, said Thaufeek. He traveled the countryside at times, giving his version of religious instruction as he went.

Also, Zahran had found a popular target: the town’s Sufi population, who practice a form of Islam often described a mystical, but which to conservatives is heresy.

Tensions in the area went back some years. In 2004, there was a grenade attack on a Sufi mosque and in 2006 several homes of Sufis were set afire. Announcements boomed from surrounding mosques at the time calling for a Sufi spiritual leader to be killed, said Sahlan Khalil Rahman, secretary of a trust that oversees a group of Sufi mosques.

He blamed followers of the fundamentalist Wahhabi strain of Islam that some locals say became more popular after funding from Saudi Arabia, the birthplace of Wahhabism, flowed to mosques in Kattankudy.

It was, Rahman said, an effort “to convert Sufis into Wahhabis through this terrorism”. Rahman handed over a photograph album showing charred homes, bullet holes sprayed across an office wall and a shrine’s casket upended.

ONLINE RADICAL

It was an ideal backdrop for Zahran’s bellicose delivery and apparent sense of religious destiny.

He began holding rallies, bellowing insults through loudspeakers that reverberated inside the Sufis’ house of worship as they tried to pray.

In 2012, Zahran started a mosque of his own. The Sufis were alarmed and, Rahman said, passed on complaints to both local law enforcement and eventually national government offices. No action was taken.

The then-officer in charge of Kattankudy police, Ariyabandhu Wedagedara, said in a telephone interview that he couldn’t arrest people simply because of theological differences.

     “The problem at the time was between followers of different Islamic sects – Zahran was not a major troublemaker, but he and followers of other sects, including the Sufis, were at loggerheads,” Wedagedara said.

Zahran found another megaphone: the internet. His Facebook page was taken down after the bombings, but Muslims in the area said his video clips had previously achieved notoriety.

His speeches went from denouncing Sufis to “kafirs”, or non-believers, in general. Zahran’s sister, Mathaniya, said in an interview that she thought “his ideas became more radical from listening to Islamic State views on the Internet”.

In one undated video, Zahran, in a white tunic and standing in front of an image of flames, boomed in a loud voice: “You will not have time to pick up the remains of blown-up bodies. We’ll keep sending those insulting Allah to hell.”

“HARD TO TAKE”

Zahran spoke in Tamil, making his words available to young Muslims clicking on their cellphones in Kattankudy and other towns like it during a period when, in both 2014 and 2018, reports and images spread of Sinhalese Buddhists rioting against Muslims in Sri Lanka.

In 2017, Zahran’s confrontations boiled over. At a rally near a Sufi community, his followers came wielding swords. At least one man was hacked and hospitalized. The police arrested several people connected to Zahran, including his father and one of his brothers. Zahran slipped away from public view.

That December, the mosque Zahran founded released a public notice disowning him. Thaufeek, his friend from school, is now the head. He counted the places that Zahran had been driven away from – his school, the Dharul Athar mosque and then, “we ourselves kicked him out, which would have been hard for him to take”.

The next year, a group of Buddha statues was vandalized in the town of Mawanella, about five hours drive from Kattankudy. There, in the lush mountains of Sri Lanka’s interior, Zahran had taken up temporary residence.

“He was preaching to kill people,” said A.G.M. Anees, who has served as an imam at a small mosque in the area for a decade. “This is not Islam, this is violence.”

Zahran went into hiding once more.

On the Thursday morning before the Easter Sunday bombings, Zahran’s sister-in-law knocked on the door of a neighbor who did seamstress work near Kattankudy. She handed over a parcel of fabric and asked for it to be sewn into a tunic by the end of the day.

“She said she was going on a family trip,” said the neighbor, M.H. Sithi Nazlya.

Zahran’s sister says that her parents turned off their cellphones on the Friday. On Sunday, when she visited their home, they were gone.

She does not know if Zahran arranged for them to be taken somewhere safe. Or why he would have carried out the bombing.

But now in Kattankudy, and in many other places, people are talking about Mohamed Hashim Mohamed Zahran.

(Reporting by Tom Lasseter and Shri Navaratnam; Additional reporting by Sanjeev Miglani, Shihar Aneez and Alasdair Pal; Editing by John Chalmers and Alex Richardson)

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A Wells Fargo logo is seen in New York City
FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith

April 26, 2019

By Jessica DiNapoli and Imani Moise

NEW YORK (Reuters) – Wells Fargo & Co’s board has retained executive search firm Spencer Stuart to hunt for a new chief executive, ideally a woman who can tackle its regulatory and public perception issues, two people familiar with the matter said.

Wells Fargo’s ambition to become the only major U.S. bank with a female CEO underscores the need to restore its image with a wide range of constituents, including customers, shareholders, regulators and politicians, after it became mired in a scandal in 2016 for opening potentially millions of unauthorized accounts.

Former CEO Tim Sloan left abruptly last month, becoming the second CEO to leave the bank in the scandal’s fallout.

The board plans to approach Citigroup Inc’s Latin America chief Jane Fraser, one of the sources said. During Fraser’s 15-year tenure at Citigroup, she has gained experience running consumer and commercial businesses as well as its private bank.

Fraser could not be immediately reached for comment.

The board also discussed approaching JPMorgan Chase & Co’s Marianne Lake, but after the bank named her to run JPMorgan’s consumer lending business last week, that option became less viable, the source added. The board wants someone who can convince regulators, employees, investors and customers that the bank has fixed problems underpinning the sales scandal, the sources said.

The bank’s board feels that choosing a woman might please lawmakers in Washington who have been critical not only of Wells Fargo’s misbehavior, but of the broader banking industry for a lack of diversity and gender equality, said the sources, who spoke on the condition of anonymity.

It also believes that such a move could bolster Wells Fargo’s image with the households of customers where women play a leading role in managing finances, one of the sources added.

The new CEO will also have to resolve litigation and regulatory matters. There are 14 outstanding consent orders with government entities, as well as probes by the U.S. Securities and Exchange Commission, the Department of Labor and the Department of Justice.

To be sure, Spencer Stuart will approach and consider several male candidates for the CEO job as well, one of the sources said. The top priority is to find an external candidate who can navigate the bank’s regulatory issues, the source added.

Finding an outsider who meets all those qualifications and wants the job will be difficult, the sources said. There are few people with the necessary experience, even fewer of those who are women, and it is not clear if any of the obvious candidates would be open to taking the role.

The sources asked not to be identified because Wells Fargo’s board deliberations are confidential.

Spokespeople for Wells Fargo and Spencer Stuart declined to comment.

Wells Fargo’s board has not made any public statements about its requirements for a new CEO, beyond Chair Betsy Duke saying the job should attract the “top talent in banking.”

The board wants to complete the search within the next three to six months, one of the sources said.

STALLED SHARES

After Sloan’s ouster, Wells Fargo’s board appointed Allen Parker, who had been general counsel, as interim CEO. The board has said it is looking for an external candidate as a permanent replacement. It is not clear whether Parker will stay at the bank.

Others whose names have been mentioned by analysts, recruiters and industry sources as perspective CEO candidates include Alphabet Inc finance chief Ruth Porat and Bank of America Corp’s chief technology officer Cathy Bessant.

Wells Fargo shares have stalled since Sloan’s departure on March 29th, while the KBW Bank index has rallied more than 7 percent.

Wells Fargo would be “the best stock on earth to buy” if it had the right CEO, said Greg Donaldson, chairman of Donaldson Capital Management in Indiana.

Donaldson held about 50,000 Wells Fargo shares, but sold the stake last year as problems mounted. The CEO change could convince him to re-invest, depending on who it is, he told Reuters.

“It would be very smart for them to get a woman,” he said.

(Reporting by Jessica DiNapoli and Imani Moise in New York; Editing by Lauren Tara LaCapra, Greg Roumeliotis and Susan Thomas)

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A worker walks on the roof of a new home under construction in Carlsbad
FILE PHOTO: A worker walks on the roof of a new home under construction in Carlsbad, California September 22, 2014. REUTERS/Mike Blake

April 26, 2019

NEW YORK (Reuters) – The U.S. economy is growing at a 2.08% annualized pace in the second quarter based on upbeat data on durable goods orders and new home sales in March, the New York Federal Reserve’s Nowcast model showed on Friday.

This was faster than the 1.92% growth rate calculated by the N.Y. Fed model the week before.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

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Extraordinary European Union leaders summit in Brussels
FILE PHOTO: Italian Prime Minister Giuseppe Conte arrives at an extraordinary European Union leaders summit to discuss Brexit, in Brussels, Belgium April 10, 2019. REUTERS/Yves Herman

April 26, 2019

(Reuters) – Italian Prime Minister Giuseppe Conte said on Friday he had assured China’s Huawei Technologies that it would not face discrimination in the rollout of Italy’s 5G telecoms network.

Conte was speaking on a visit to China where he said he met Huawei’s chief executive, Ren Zhengfei. The prime minister’s comments were carried in Italy by TV broadcaster Sky Italia.

“I told him that we have adopted some precautions, some measures to protect our interests that demand very high levels of security … not only from Huawei but any company entering into the 5G arena,” he said.

Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spying. Huawei has categorically denied this.

(Writing by by Mark Bendeich; Editing by Angelo Amante)

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U.S. President Trump departs for travel to Indianapolis from the White House in Washington
U.S. President Donald Trump talks to reporters as he departs for travel to Indianapolis, Indiana from the White House in Washington, U.S., April 26, 2019. REUTERS/Jonathan Ernst

April 26, 2019

WASHINGTON (Reuters) – President Donald Trump on Friday was expected to announce his intention to revoke the United States’ status as a signatory of the Arms Trade Treaty, which was signed in 2013 by then-President Barack Obama but never ratified by Congress, two U.S. officials said.

Trump was expected to announce the decision in a speech in Indianapolis, to the National Rifle Association, the officials said. The NRA, a powerful gun lobby group, has long been opposed to the treaty, which was negotiated at the United Nations.

(Reporting By Steve Holland; Editing by Bill Trott)

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