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US airstrike in Somalia kills 35 al-Shabab fighters

The United States military says it has killed 35 fighters from the al-Shabab extremist group with an airstrike in central Somalia, not far from the Ethiopian border.

In a statement Monday, the U.S. military command for the African continent said the airstrike took place on Sunday about 23 miles east of Beledweyne in the Hiran region and targeted the fighters as they were traveling in a rural area.

US SAYS 4 AIRSTRIKES IN SOMALIA KILL 2 AL-SHABAB FIGHTERS

The U.S. has dramatically increased airstrikes against the al-Qaida-linked al-Shabab, the deadliest extremist group in Africa, since President Donald Trump took office.

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Authorities and experts acknowledge that it will take more than airstrikes to defeat the extremist group, which continues to hold large parts of rural central and southern Somalia and carry out deadly attacks in the capital, Mogadishu.

Source: Fox News World

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House Democrats attempt to block president’s National Emergency declaration

House Democrats attempt to block president’s National Emergency declaration

OAN Newsroom
UPDATED 11:20 AM PT — Friday, February 15, 2019

Two Democrat representatives said they are co-sponsoring a bill to stop President Trump’s National Emergency declaration. The proposal by New York congresswoman Alexandria Ocasio-Cortez and Texas congressman Joaqin Castro is an attempt to block the president’s move to secure additional border funding.

On Thursday, Castro called the declaration a “fake emergency,” saying he would be filing a joint-resolution under the National Emergency Act to terminate the declaration.

“There have been very critical comments that have been made by senators, including Republican senators, about the president’s ability and wisdom of declaring a National Emergency for this purpose,” he stated.

U.S. Rep. Joaquín Castro. 9Photo/TOM WILLIAMS/AP)

In a recent tweet, Ocasio-Cortez said she and Castro aren’t going to let the president declare an emergency without a fight.

The House would have to vote on the resolution before it headed to the Senate.

When the bill would be introduced is still unknown as Congress has already adjourned, and will be out next week for the President’s Day holiday.

Source: OANN Top News

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Son of Sheriff’s Deputy Charged with Burning Three Louisiana Black Churches

The son of a sheriff's deputy was charged with burning down three predominately black churches in southern Louisiana over the past two weeks, officials said on Thursday, saying they acted quickly out of concern he would strike again.

Holden Matthews, 21, a white resident of St. Landry Parish, the county where the fires occurred, was charged with three counts of simple arson on religious buildings, each count of which carries a prison sentence of up to 15 years, Louisiana Fire Marshal H. "Butch" Browning said.

"We are extremely, unequivocally confident that we have the person who is responsible for these tragic crimes on these three churches,” Browning told a news briefing in Opelousas, Louisiana, about 60 miles (97 km) west of Baton Rouge.

Matthews, the son of Deputy Roy Matthews of the St. Landry Parish Sheriff's Office, was taken into custody late Wednesday, about 12 hours after he was identified as a suspect, Browning said.

"We felt that other crimes were imminent," he said. "In an abundance of public safety, we quickly secured warrants and took him into custody."

The three churches destroyed by the fires have mostly black congregations, raising authorities' suspicion that the fires may be racially motivated hate crimes. No federal hate crime charges have been filed against Matthews so far.

Noting the history of black church burnings in the South, Louisiana Governor John Bel Edwards said the current episode was "especially painful because it reminds us of a very dark past of intimidation and fear."

Edwards said the crimes appeared to be unrelated to the March 31 burning of a predominantly white church in another parish.

While investigators were still exploring motives, Browning said that Matthews had "a relationship with a type of music called black metal," an extreme subgenre of heavy metal. Black metal has an association with church burnings in other parts of the world, he said.

Officials, including those from the Federal Bureau of Investigation and the Bureau of Alcohol, Tobacco and Firearms, said the investigation was ongoing.

The fires set between March 26 and April 4 destroyed St. Mary Baptist Church in Port Barre, and Greater Union Baptist Church and Mount Pleasant Baptist Church in Opelousas.

St. Landry Parish Sheriff Bobby Guidroz said he believed his deputy was unaware of Holden Matthews' involvement in the fires.

"Roy Matthews is one of my best friends, a great deputy," Guidroz said.

Source: NewsMax America

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Aaron Rodgers: ‘I lost vision’ after Week 17 concussion

NFL: Green Bay Packers at Dallas Cowboys
FILE PHOTO: Oct 8, 2017; Arlington, TX, USA; Green Bay Packers quarterback Aaron Rodgers (12) celebrates with tight end Richard Rodgers (82) after scoring the winning touchdown at AT&T Stadium. Mandatory Credit: Tim Heitman-USA TODAY Sports

April 9, 2019

Green Bay Packers quarterback Aaron Rodgers said Tuesday that he “lost vision” after suffering a concussion in the final game of last season.

In an interview with ESPN Milwaukee radio, Rodgers said it was the first time he’s ever removed himself from a game.

“It’s disappointing how it ended, getting that concussion was disappointing and also a little scary, honestly. I couldn’t see. I lost vision, definitely peripheral,” Rodgers told ESPN about the injury he incurred after a sack against the Detroit Lions.

Rodgers also went into detail about the knee injury he suffered in Week 1 and then reinjured in Week 5. Rodgers left the game against the Chicago Bears but returned to engineer the 20-point comeback victory.

Rodgers called it an “indent fracture.”

“I had a tibial plateau fracture and obviously an MCL sprain,” Rodgers told ESPN. “So that was very painful. If you watch the hit back, just my two bones here that come together on the outside just kind of made an indent fracture. Very painful.”

Rodgers did not require surgery and said he returned from a vacation in New Zealand feeling “incredible.”

Rodgers said he’s “excited about working” with new coach Matt LaFleur.

“I think any great quarterback-to-play-caller relationship is a good partnership. We both know who the boss is and it’s him. But it works better when it’s a partnership,” Rodgers told ESPN.

–Field Level Media

Source: OANN

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The Cranberries pay tribute to late singer with final album

Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

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2020 Dem Seth Moulton blasts Trump for ‘dereliction of duty,’ dings Pelosi on impeachment stance

Newly declared presidential candidate Rep. Seth Moulton is accusing Republican President Trump of “dereliction of duty” over what the Massachusetts Democrat calls his administration’s unwillingness to address the threat of Russian tampering with America's presidential elections.

And Moulton – one of the ringleaders in last year’s failed effort by a small group of congressional Democrats to prevent Nancy Pelosi from regaining the House speakership – argued that his party “frankly…made a mistake by waiting until now” to consider impeachment.

TRUMP VOWS TO PUSH BACK AGAINST DEMS ON RUSSIA INVESTIGATION

The long-shot for the Democratic presidential nomination made his comments during an appearance Wednesday morning at ‘Politics and Eggs,’ a must stop in the first-in-the-nation presidential primary state of New Hampshire.

The Marine veteran who served four tours of duty in the Iraq war is making defense and national security top issues in his White House bid. He told the audience that “I’m going to confront President Trump on these issues of safety and security of leadership around the globe where I think he’s weakest.”

And spotlighting his unsuccessful bid to keep Pelosi from regaining the speaker’s gavel, Moulton touted “my willingness to challenge the Washington establishment will make me a much stronger nominee against Donald Trump.”

Pointing to last week’s release of a Special Counsel Robert Mueller’s Russia report, Moulton told reporters “the one unmistakable conclusion of this report is that Russian interfered in this election to undermine our democracy and that Vladimir Putin wanted Trump to get elected president.”

And he slammed the White House, saying “this administration has been completely unwilling to address this major national security threat to the United States” and accused Trump of “a complete dereliction of duty on the part of the commander in chief.”

“He's more concerned about his own personal reputational security than the security of the United States of America,” he charged.

Moulton joined his 2020 rivals in arguing that Trump obstructed justice and called for impeachment hearings. That’s at odds with Pelosi, who said on Tuesday that she was "not there yet" in supporting the initiation of impeachment proceedings.

Moulton said “we should be advancing articles of impeachment and debating them. We should be putting on paper the charges against the president and then having debate across the aisle with hearings, with witnesses, with subpoenas and documents, about whether or not the president deserves to be impeached under these charges. …That’s the job of Congress. That’s our constitutional responsibility as a check on the executive.”

PELOSI SAYS 'WE'RE NOT THERE YET' ON IMPEACHMENT

And Moulton took aim at House Democratic leaders, saying “I think we should have started this a while ago. Both sides of the aisle here failing to step up and do this.”

“I understand there’s a debate right now within my party and it’s a very divisive debate. People think this isn’t the right time or what not. They think it’s not good for our politics is basically the argument for not doing it right now. But we have a higher calling than our politics. It’s called the Constitution,” he spotlighted.

For his part, Trump on Wednesday blasted Democrats ramping up their investigations into him in the wake of the Mueller report. “I say it’s enough. Get back to infrastructure, get back to cutting taxes, lowering drug prices. Really, that’s what we should be doing,” Trump said.

Moulton also took aim at the single-payer "Medicare-for-all" health care proposal being pushed by many of his rivals for the nomination.

“I don’t think it’s right to take every American, many of whom are happy with the health care that they have, and force them on some government plan designed in 1963,” Mouton told reporters.

Moulton’s appearance at ‘Politics and Egg’s was his last stop in a two-day swing through New Hampshire.

The Republican National Committee, meanwhile, described Moulton as a mere “2020 wannabe.”

RNC spokesperson Mandi Merritt told Fox News that Moulton’s “desire to raise taxes, implement the socialist Green New Deal, and diminish New Hampshire’s voice by scrapping the Electoral College makes him just another out-of-touch Democrat who will ultimately fall short.”

Source: Fox News Politics

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Trump to nominate Bowman for 14-year term on Fed’s Board of Governors

FILE PHOTO: Federal Reserve Governor Michelle Bowman gives her first public remarks as a Fed policymaker at an American Bankers Association conference in San Diego
FILE PHOTO: U.S. Federal Reserve Governor Michelle Bowman gives her first public remarks as a Fed policymaker at an American Bankers Association conference in San Diego, California, U.S., February 11 2019. REUTERS/Ann Saphir

April 2, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump intends to nominate Michelle Bowman, who has served on the Federal Reserve’s Board of Governors since November 2018, for a 14-year term on the board beginning on Feb. 1, 2020, the White House said on Tuesday.

Bowman, who ran the Kansas state bank commission before being appointed to the Fed, was approved by a 64-34 vote in the U.S. Senate.

(Reporting by Mohammad Zargham; Editing by Bill Rigby)

Source: OANN

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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)

Source: OANN

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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)

Source: OANN

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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)

Source: OANN

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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)

Source: OANN

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