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American Airlines flight attendant ‘mortified’ after spilling tray of drinks on CEO

An American Airlines flight attendant said she was “mortified” after a passenger bumped into her and she accidentally sprayed her company’s CEO with a tray full of drinks on a flight recently.

“Luckily he was super cool, and a good sport about it. He later came back and we chatted for a little, and joked about it the rest of the flight,” Maddie Peters said on Instagram about her interaction with CEO Doug Parker on the flight from Phoenix to Dallas.

SLOW-WALKING FLAMINGO HOLDS UP EASYJET PLANE

The two of them even took a photo together.

“When he was getting off the plane he told me he’d never forget me.... guess that’s a good thing right?” she added in the post.

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Peters says she’s never spilled a drink on a passenger in her four years on the job. "Accidents happen," she wrote.

Source: Fox News National

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New US Consumer Watchdog Chief to Continue Review of Complaints Database, Fair Lending

The new director of the Consumer Financial Protection Bureau will continue with reviews, begun by her predecessor, of its public complaints database and how the agency enforces discriminatory lending laws, she told Reuters.

Speaking to Reuters in her first interview since taking office in December, Kathy Kraninger said the agency was discussing how the public complaints database, a key source of the bureau's investigations, should operate.

"It is on the agenda this year to address what is the public kind of discussion about what the database should be," she said on Wednesday.

The financial industry and consumer advocates have been watching closely to see whether Kraninger would continue with a number of controversial projects begun by Mick Mulvaney, formerly the agency's interim director and now President Donald Trump's chief of staff.

Kraninger acknowledged the database, which went public in 2012 to boost transparency of consumer issues, supported the bureau's mission to protect borrowers, but did not rule out making it private.

Shielding the complaints from the public gaze would mark a major win for the industry, which has lobbied against being publicly named and shamed. However, it would spark opposition from consumer advocates and Democrats who say keeping it public encourages companies to address customer complaints.

Mulvaney, who worked with Kraninger in her previous role at the Office of Management and Budget, had questioned the policy of publishing the complaints.

Kraninger's comments suggest she may continue with Mulvaney's efforts to curtail the bureau's powers, after the administration of President Barack Obama built it into a powerful watchdog.

Created in the wake of the 2008 financial crisis to crack down on predatory lenders, the CFPB sits at the heart of a battle between Democrats and Republicans over the future of consumer financial protections under the business-friendly Trump administration.

Republicans have argued since its creation that the agency was given too much power and was unaccountable. They set about overhauling the agency after taking it over in November 2017, including rolling back rules and reducing enforcement actions.

Democratic lawmakers have accused the administration of bowing to industry lobbyists and warn the changes could sow the seeds of the next financial crisis.

Mulvaney had also begun a review of whether the agency should continue to apply a legal tool known as "disparate impact" when enforcing laws that guard against discriminatory lending.

Disparate impact refers to a legal theory that allows regulators to prosecute practices that adversely affect one group of people compared with others, though the rules applied may on their face be neutral.

It had not been clear whether Kraninger would take on Mulvaney's projects, or chart a new course.

Kraninger said the CFPB would continue to review whether it should build cases using disparate impact, which had served as the basis for discriminatory lending cases brought by the bureau under Democratic control.

"It's controversial, but it need not be if we have a public discourse on what the lay of the land is, try to get the evidence in one conversation, and think of the next steps that are appropriate," said Kraninger, adding the agency would discuss the application of disparate impact during public discussions over the coming months.

Kraninger told Reuters the bureau would focus enforcement efforts on "bad actors" who do not intend to follow the law, in a departure from the agency's aggressive enforcement stance under Democratic control.

"It's not a black and white issue," Kraninger added. "I can tell you that at the end of the spectrum of what is a bad actor clearly those who have no intent to comply with the law."

Source: NewsMax Politics

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Frenchman dies as boat capsizes off Sardinia; partner safe

A Frenchman has died after his sailboat capsized off the coast of the Italian island of Sardinia but his female companion has survived.

Italian news agency ANSA said strong winds Sunday turned the boat over in waters off the southern end of the Mediterranean island. The woman and the couple's dog were rescued and were quickly plucked to safety.

ANSA said the Italian coast guard found the Frenchman's body on a nearby rocky reef.

The sailboat capsized as it was apparently heading back to port after conditions worsened.

Elsewhere in southern Italy, wind-whipped waters caused the cancellation of ferry runs between Sicily and the Aeolian islands, isolating residents and tourists on the archipelago.

Source: Fox News World

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Conference featuring 2020 Dems begins with fiery chant quoting fugitive cop-killer Assata Shakur

A conference featuring eight prominent 2020 Democrat presidential hopefuls kicked off in Washington, D.C,. with the fiery rallying cry of a fugitive cop-killer on Monday, as the labor and political groups in attendance shouted in unison, "We have nothing to lose but our chains."

Jamal Watkins, the Vice President of Civic Engagement at the NAACP, began by telling the audience at the We the People conference that he would invoke the words of Assata Shakur, whose real name is Joanne Chesimard.

Shakur was convicted of the 1973 murder of a New Jersey state trooper when she was in the Black Liberation Army. After escaping from prison in 1979, Shakur fled to Cuba, which granted her asylum even as she remains on the FBI's list of most-wanted fugitive terrorists.

"Now I came here not to talk at you -- it's gonna be a long and powerful day," Watkins said. "But I want you to do something with me. I'm gonna actually have you participate with me in repeating some words from a leader by the name of Assata Shakur. So if you could stand up -- if you can't stand, it's okay -- but I want you to repeat after me."

Watkins then quoted Shakur, pausing to let attendees repeat after him: “It is our duty to fight for our freedom. It is our duty to win. We must love each other and support each other. We have nothing to lose but our chains.”

Shakur's words, in turn, were appropriated from the final sentences of Karl Marx and Frederick Engels' Communist Manifesto: "The proletarians have nothing to lose but their chains. They have a world to win. Proletarians of All Countries, Unite!"

Among the groups in attendance were the Sierra Club, MoveOn.org, Planned Parenthood Action Fund, SEIU and Communications Workers of America.

They were drawn to the conference to hear from a series of speakers that included 2020 Democratic White House contenders Cory Booker, Julián Castro, Beto O'Rourke, Amy Klobuchar, Bernie Sanders, Elizabeth Warren, Jay Inslee  and Kirsten Gillibrand.

Although there was no indication the candidates embraced Shakur's comments, Democrats and progressives have long embraced the convicted murderer. California Democrat Rep. Maxine Waters, for example, wrote in 1998 to then-Cuban President Fidel Castro to apologize for voting for a resolution that called for Cuba to stop harboring Shakur.

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"I, and some of the Members of the Congressional Black Caucus, mistakenly voted for House Concurrent Resolution 254 which called on the Government of Cuba to extradite to the United States Joanne Chesimard and all other individuals who have fled the United States from political persecution and received political asylum in Cuba," Waters wrote to Castro. "Joanne Chesimard was the birth name of a political activist known to most Members of the Congressional Black Caucus as Assata Shakur. For the record, I am opposed to the resolution. I unequivocally stated that a mistake was made and I would have voted against the legislation."

Notably absent from the conference on Monday was former Vice President Joe Biden, who is grappling with accusations of unwanted touching from two women.

Source: Fox News Politics

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Social media services blocked in Sri Lanka after deadly attacks, group says

Sri Lankan authorities have blocked most social media services in the country following attacks that killed more than 200 people on Easter, according to officials and a group that monitors Internet censorship.

Sri Lankan officials said Sunday they were blocking social media temporarily to curtail the spread of false information and ease tensions until their investigation is concluded.

POPE CELEBRATES EASTER SUNDAY AMID BLOODSHED IN SRI LANKA

More than 200 people were killed and hundreds more wounded in eight bomb blasts that rocked churches and luxury hotels in or near Sri Lanka’s capital on Easter Sunday — the deadliest violence the South Asian island country has seen since a bloody civil war ended a decade ago.

Defense Minister Ruwan Wijewardena described the bombings as a terrorist attack by religious extremists, and police said 13 suspects were arrested, though there was no immediate claim of responsibility. Wijewardena said most of the blasts were believed to have been suicide attacks.

“People were being dragged out,” said Bhanuka Harischandra, of Colombo, a 24-year-old founder of a tech marketing company who was going to the city’s Shangri-La Hotel for a meeting when it was bombed. “People didn’t know what was going on. It was panic mode.”

He added, “There was blood everywhere.”

The NetBlocks observatory said it detected an intentional nationwide blackout of popular services including Facebook, YouTube, WhatsApp and Instagram.

The group said the country also was blocking messaging apps.

Facebook said in a statement that people rely on its services to communicate with loved ones and it was committing to maintaining service in the country.

Harischandra, who witnessed the attack at the Shangri-La Hotel, said there was “a lot of tension” after the bombings, but added: “We’ve been through these kinds of situations before.”

He said Sri Lankans are “an amazing bunch” and noted that his social media feed was flooded with photos of people standing in long lines to give blood.

NetBlocks director Alp Toker said such post-attack shutdowns are often ineffective and can end up creating an information vacuum that's easily exploited.

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“Having experienced the open and welcoming Sri Lanka during my last week traveling through the country, I had a sense that the country was turning the corner, and in particular those in the tourism industry were hopeful for the future,” said Peter Kelson, a technology manager from Sydney.

“Apart from the tragedy of the immediate victims of the bombings, I worry that these terrible events will set the country back significantly,” he said.

The Associated Press contributed to this report.

Source: Fox News World

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Death toll rises to 359 in Sri Lanka bombings, more arrested

The death toll from the Easter suicide bombings in Sri Lanka rose to 359 and more suspects have been arrested, police said Wednesday.

The Islamic State group has claimed responsibility and released images that purported to show the seven bombers who blew themselves up at three churches and three hotels Sunday in the worst violence this South Asian island nation has seen since its civil war ended a decade ago.

The government has said the attacks were carried out by Islamic fundamentalists in apparent retaliation for the New Zealand mosque massacre last month but has said the seven bombers were all Sri Lankan. Prime Minister Ranil Wickremesinghe said investigators were still working to determine the extent of the bombers' foreign links.

Police spokesman Ruwan Gunasekara said Wednesday morning that 18 suspects were arrested overnight, raising the total detained to 58. The prime minister had warned on Tuesday that several suspects armed with explosives were still at large.

The Islamic State group has lost all the territory it once held in Iraq and Syria and has made a series of unsupported claims of responsibility around the world.

Sri Lankan authorities have blamed a local extremist group, National Towheed Jamaar, whose leader, alternately known as Mohammed Zahran or Zahran Hashmi, became known to Muslim leaders three years ago for his incendiary speeches online.

The IS group's Aamaq news agency released an image purported to show the leader of the attackers, standing amid seven others whose faces are covered. The group did not provide any other evidence for its claim, and the identities of those depicted in the image were not independently verified.

Meanwhile, in an address to Parliament, Ruwan Wijewardene, the state minister of defense, said "weakness" within Sri Lanka's security apparatus led to the failure to prevent the nine bombings.

"By now it has been established that the intelligence units were aware of this attack and a group of responsible people were informed about the impending attack," Wijewardene said. "However, this information has been circulated among only a few officials."

In a live address to the nation late Tuesday, Sri Lanka President Maithripala Sirisena said he also was kept in the dark on the intelligence about the planned attacks and vowed to "take stern action" against the officials who failed to share the information. He also pledged "a complete restructuring" of the security forces.

Wijewardene said the government had evidence that the bombings were carried out "by an Islamic fundamentalist group" in retaliation for the March 15 mosque shootings in Christchurch, New Zealand, that killed 50 people, although he did not disclose what the evidence was.

The office of New Zealand Prime Minister Jacinda Ardern issued a statement responding to the Christchurch claim that described Sri Lanka's investigation as "in its early stages."

"New Zealand has not yet seen any intelligence upon which such an assessment might be based," it said. An Australian white supremacist, Brenton Harrison Tarrant, was arrested in the Christchurch shootings.

Word from international intelligence agencies that National Towheed Jamaar was planning attacks apparently didn't reach the prime minister's office until after the massacre, exposing continuing turmoil in Sri Lanka's government.

A block on most social media since the attacks has left a vacuum of information, fueling confusion and giving little reassurance the danger had passed.

Wickremesinghe said he feared the massacre could unleash instability and he vowed to "vest all necessary powers with the defense forces" to act against those responsible.

The history of Buddhist-majority Sri Lanka, a country of 21 million including large Hindu, Muslim and Christian minorities, is rife with ethnic and sectarian conflict.

In the nation's 26-year civil war, the Tamil Tigers, a powerful rebel army known for using suicide bombers, had little history of targeting Christians and was crushed by the government in 2009. Anti-Muslim bigotry fed by Buddhist nationalists has swept the country recently.

In March 2018, Buddhist mobs ransacked businesses and set houses on fire in Muslim neighborhoods around Kandy, a city in central Sri Lanka that is popular with tourists.

After the mob attacks, Sri Lanka's government also blocked some social media sites, hoping to slow the spread of false information or threats that could incite more violence.

Sri Lanka has no history of Islamic militancy. Its small Christian community has seen only scattered incidents of harassment.

Source: Fox News World

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Spring training roundup: Rays smack six homers

MLB: Spring Training-Boston Red Sox at Tampa Bay Rays
Mar 10, 2019; Port Charlotte, FL, USA; Tampa Bay Rays designated hitter Mike Zunino (10) and shortstop Daniel Robertson (28) talk on the field prior to a game against the Boston Red Sox at Charlotte Sports Park. Mandatory Credit: Aaron Doster-USA TODAY Sports

March 11, 2019

The Tampa Bay Rays clobbered six solo home runs while cruising to an 8-1 victory over the visiting Boston Red Sox in Port Charlotte, Fla.

Guillermo Heredia went deep twice, while Joey Wendle, Mike Zunino, Avisail Garcia and Nathaniel Lowe each did so once. Zunino added an RBI double, and Wendle and Ji-Man Choi each had two hits as well.

Rick Porcello, Hector Velazquez and Brandon Workman each surrendered two homers for the Red Sox. Velazquez allowed four runs on six hits in two innings, though he struck out two.

Yankees (ss) 6, Pirates 5

Zack Zehner’s two-run homer in the eighth inning lifted New York to a victory over visiting Pittsburgh in Tampa. Gio Urshela also went yard for the Yankees, while Jung Ho Kang and Francisco Cervelli each homered for the Pirates.

Phillies 8, Orioles 5

Jonathan Guzman broke a tie with an eighth-inning RBI double, and Trevor Plouffe followed with a two-run homer for insurance as visiting Philadelphia downed Baltimore in Sarasota, Fla. Jonathan Villar went 2-for-3 with two runs scored for the Orioles.

Marlins 5, Braves 2

Peter O’Brien had an RBI single and a grand slam to account for all five of Miami’s runs in a win over visiting Atlanta in Jupiter, Fla. Sandy Alcantara struck out five while allowing two hits and two walks in 4 1/3 scoreless innings for the Braves.

Nationals 6, Astros 4

Brothers Spencer and Carter Kieboom each hit RBI doubles to help visiting Washington to a 6-0 lead, and Houston’s late rally wasn’t enough in West Palm Beach, Fla. Abraham Toro had an RBI double in the seventh and RBI single in the ninth to help the Astros close the gap.

Blue Jays 10, Twins 1

Bo Bichette cracked two home runs and a double, and Cavan Biggio also homered as visiting Toronto cruised past Minnesota in Fort Myers, Fla. Twins starter Jake Odorizzi allowed five runs on four hits in just two-thirds of an inning.

Mets 9, Cardinals 1

Amed Rosario, Jeff McNeil and Travis d’Arnaud all went deep as New York coasted to a victory over visiting St. Louis in Port St. Lucie, Fla. Dylan Carlson homered for the Cardinals.

Padres 11, Royals 6

Aderlin Rodriguez had a grand slam and an RBI double, and Jose Pirela homered twice as visiting San Diego scored 11 unanswered runs to beat Kansas City in Surprise, Ariz. Whit Merrifield, Cam Gallagher and Adalberto Mondesi each homered to help the Royals take a 6-0 lead after two innings.

Brewers 7, Cubs 5

Ben Gamel and Tyler Saladino hit back-to-back homers in the sixth inning to help Milwaukee come from five runs down to beat visiting Chicago in Phoenix. Orlando Arcia hit a three-run shot to jumpstart the rally, after Cristhian Adames’ three-run triple put the Cubs up 5-0.

Rangers 7, Giants (ss) 6

Hunter Pence hit a solo homer against his former team, and visiting Texas overcame four errors to beat San Francisco in Scottsdale, Ariz. Mike Gerber hit a two-run triple with two outs in the ninth inning to get within one run, but Henry Ramos struck out to end the game.

Athletics 5 (ss), Giants (ss) 4

Chad Pinder, Marcus Semien and Mark Canha each went 2-for-4 with an RBI, and Canha’s walk-off single lifted Oakland over visiting San Francisco. Aramis Garcia had an RBI single and a home run for the Giants.

Athletics (ss) 7, White Sox 6

Josh Phegley had a homer and an RBI double in Oakland’s victory over Chicago in Phoenix. Jose Abreu went 3-for-4 with two doubles and four RBIs, while Yoan Moncada homered for the White Sox.

Indians 16, Mariners (ss) 2

Oscar Mercado went 3-for-3 with a solo homer and an RBI double as visiting Cleveland pummeled Seattle in Peoria, Ariz. Ryon Healy and Jay Bruce each hit solo homers for the Mariners.

Diamondbacks (ss) 3, Reds 2

Caleb Joseph’s three-run shot in the fourth inning accounted for visiting Arizona’s only scoring in a victory over Cincinnati in Goodyear, Ariz. Kyle Wren knocked in an RBI double for the Reds.

Dodgers 3, Rockies (ss) 1

Justin Turner had an RBI double and Max Muncy hit a two-run double to carry visiting Los Angeles over Colorado in Scottsdale, Ariz. Mark Reynolds’ solo shot accounted for the Rockies’ only run.

Mariners (ss) 9, Angels 9

Jared Walsh’s two-run double capped a six-run, ninth-inning rally as Los Angeles overcame a seven-run deficit to tie Seattle in Tempe, Ariz. Joe DeCarlo’s three-run double began a five-run eighth inning by the Mariners that had given them a 9-2 lead.

Diamondbacks (ss) 5, Rockies 2

Eduardo Escobar had a pair of RBI doubles, and Kevin Cron and Ildemaro Vargas each homered to help Arizona beat visiting Colorado in Monterrey, Mexico. The Rockies had just three hits, scoring on Pat Valaika’s sacrifice fly and a throwing error by Cron.

Yankees (ss) 2, Tigers 2

Miguel Cabrera hit a solo homer, and Hector Sanchez tied the game with an RBI walk in the eighth inning as Detroit tied New York in Lakeland, Fla. Brandon Wagner homered for the Yankees.

–Field Level Media

Source: OANN

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

Source: OANN

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