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Manson follower Van Houten gets another shot at release

Charles Manson follower Leslie Van Houten is getting another chance at getting out of prison following a years-long saga that has seen a board recommend her parole three separate times.

Van Houten's case is being heard before California's 2nd District Court of Appeal, which will consider whether to overturn a Los Angeles County Superior Court judge's ruling denying parole for Van Houten last year.

Van Houten's attorney, Rich Pfeiffer, will argue that his 69-year-old client deserves to be released because she's a changed woman, takes responsibility for her actions and has been a model inmate for more than four decades. Prosecutors will continue to vigorously fight Van Houten's release because of the seriousness of the crimes.

Van Houten was 19 when she and fellow cult members stabbed Los Angeles grocer Leno LaBianca and his wife Rosemary to death in 1969. The killings took place a day after other so-called Manson family members murdered actress Sharon Tate and four others in crimes that shocked the world.

Van Houten, who is serving life in prison, was only involved in the LaBianca killings. She is not expected to be at Wednesday's hearing.

Every year since 2016, a parole board has recommended that Van Houten deserves to be released, finding that she's no longer a threat to society. Former Gov. Jerry Brown twice blocked Van Houten's release, saying she had failed to explain how she transformed from an upstanding teen to a killer and that she laid too much of the blame on Manson.

The parole board's most recent decision on Jan. 30 is undergoing a five-month review process before heading to Gov. Gavin Newsom's desk.

The 2nd District Court of Appeal's three-judge panel could decide the case following Wednesday's arguments, potentially rendering any decision by Newsom unnecessary, or the judges could decide that the case belongs in the governor's hands.

Pfeiffer said he has never been so optimistic that Van Houten will win.

"This has been the best anything has ever looked since I've been on the case," he said. "This is probably the best way out."

But courts can be reluctant to interfere in matters of parole, said Samuel Pillsbury, a criminal law professor at Loyola Marymount University in Los Angeles.

"It is highly emotional," Pillsbury said. "The voters have decided the governor should have a veto on this so the courts would prefer to let this process play out."

If the decision comes down to the governor, Pillsbury said Van Houten has an uphill battle because of the infamy of the Manson murders.

"The Manson case is one of a kind," he said. "There's no other case like it in terms of the number of people in California who feel strongly about it, who've lived through it. The entire state and much of the nation still feel some degree of trauma from that, and it makes it a very different kind of case from an elected official's point of view."

In denying Van Houten parole last year, Los Angeles Superior Court Judge William Ryan found that she would "pose an unreasonable risk of danger to society," citing the brutal nature of the crimes.

During one of her parole hearings, Van Houten said the murders were the start of what Manson believed was a coming race war that he dubbed "Helter Skelter," after a Beatles song, and that he had the group prepare to fight and learn to can food so they could go underground and live in a hole in the desert.

Van Houten said she was traveling up and down the California coast when acquaintances led her to Manson. She candidly described how she joined several other members of the group in killing the LaBiancas, carving up Leno LaBianca's body and smearing the couple's blood on the walls.

Manson died of natural causes in 2017 at a California hospital while serving a life sentence.

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Follow Amanda Lee Myers on Twitter at https://twitter.com/AmandaLeeAP

Source: Fox News National

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Man dies after hijacking bus in Slovenia capital

Slovenian police say a man has died upon being arrested after he hijacked a public bus in the capital Ljubljana.

Senior police official Stojan Belsak said Friday that an autopsy will determine the cause of death of the 48-year-old man from the central city of Kranj.

The man on Thursday was carrying a screwdriver and threatened to kill the bus driver and seven passengers unless the bus was directed toward a highway. Belsak says police intercepted the bus before it reached the highway. Police say they used tear gas to stop the man from escaping and they then handcuffed him. No shots were apparently fired.

Belsak says the man is known to have had psychological problems.

Source: Fox News World

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Nigeria's president is re-elected after delayed, bumpy vote

Nigeria's president was declared the clear winner of a second term in Africa's largest democracy early Wednesday, after a campaign in which he urged voters to give him another chance to tackle gaping corruption, widespread insecurity and an economy limping back from a rare recession.

While many frustrated Nigerians had said they wanted to give someone new a try, President Muhammadu Buhari , a former military dictator, profited from his upright reputation in an oil-rich nation weary of politicians enriching themselves instead of the people.

Speaking shortly after the announcement of the official results and as many Nigerians awakened to the morning prayer, Buhari told colleagues that he was "deeply humbled" by the win. He also said he regretted the loss of dozens of lives in election-related violence.

Supporters began dancing in the streets of the capital, Abuja, on Tuesday night as vote counting stretched his lead from the weekend election to nearly 4 million votes over top opposition challenger Atiku Abubakar, a billionaire former vice president who made sweeping campaign promises to "make Nigeria work again."

Buhari received 15.1 million votes, or 55 percent, the electoral commission said in making its official declaration. Abubakar received 11.2 million, or 41 percent. The average national turnout was 35.6 percent, continuing a downward trend.

In a failed last-ditch effort to stop the official declaration, Abubakar's party claimed that election data had been manipulated and demanded fresh elections in four of Nigeria's 36 states.

Buhari's party rejected the accusations. It also called on Abubakar, who hasn't made a public appearance since Saturday's election, to accept his loss gracefully and concede. "Let this nation move forward," campaign spokesman Babatunde Fashola said.

"There's no opposition that will roll over and play dead. Anybody that lost an election will always complain," Hameed Ali, the ruling party agent attending the vote declaration, told reporters.

The election, once described as too close to call, suffered from a surprise weeklong postponement and significant delays in the opening of polling stations. While election observers called the process generally peaceful, at least 53 people were killed in an attack claimed by the Islamic State West Africa Province extremist group and other violence, analysis unit SBM Intelligence said.

It remained to be seen whether Abubakar will follow through on pledges to accept a loss, or challenge the results. A former U.S. ambassador to Nigeria, John Campbell, said the troubled election had given the candidates grounds to go to the courts. That route could take months.

Many Nigerians have prayed for peace. They were surprised in 2015 when President Goodluck Jonathan took the unprecedented step of conceding to Buhari before official results were announced. It was the first defeat of an incumbent president by the opposition in the country's history.

"Jonathan set the benchmark on how electoral outcomes should be handled," Chris Kwaja, a senior adviser to the United States Institute of Peace, a U.S. government-backed institution promoting conflict resolution worldwide, told The Associated Press. "Accept defeat in the spirit of sportsmanship. This is a critical vehicle for democratic consolidation."

Nigerians were praised for their patience and resilience in this bumpy vote.

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Anna reported from Kano, Nigeria. Associated Press writer Sam Olukoya in Lagos, Nigeria, contributed to this report.

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Follow AP's full coverage of the Nigeria elections here: https://www.apnews.com/Nigeria

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Follow Africa news at https://twitter.com/AP_Africa

Source: Fox News World

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Chronology of key events in the killing of Kim Jong Nam

Two Southeast Asian women were the only suspects charged with murder after an outcast from North Korea's ruling family was poisoned with VX nerve agent at a Kuala Lumpur, Malaysia, airport two years ago. The trial ended abruptly Monday after a Vietnamese woman, Doan Thi Huong, pleaded guilty to a lesser charge and is expected to be freed next month. It comes just three weeks after prosecutors dropped the murder charge against Siti Aisyah of Indonesia.

A chronology of key events in the case:

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Feb. 13, 2017: A North Korean man, waiting to board a flight to Macau at a low-cost airport terminal in Malaysia, complained to airport officials that someone grabbed him from behind him and smeared his face with some liquid. He was sent to the airport clinic and pronounced dead on the way to a hospital.

Feb. 14, 2017: International media broke the news that Kim Jong Nam was murdered in Malaysia. Police later said the victim was a North Korean man known as Kim Chol based on his passport.

Feb. 15, 2017: Doan Thi Huong of Vietnam was detained at the same airport terminal where Kim was killed.

Feb. 16, 2017: Indonesia's Siti Aisyah was detained. Malaysia's then-Home Minister Ahmad Zahid Hamidi confirmed that Kim Chol was Kim Jong Nam.

Feb. 18, 2017: Police arrested North Korean Ri Jong-chol, 47, who is believed to be a chemical expert.

Feb. 19, 2017: Police announced they were looking for seven North Korean suspects in connection with the murder. Police later said four of them were believed to have left the country and later sought Interpol's help to detain them.

Feb. 24, 2017: Officials said Kim was killed by the toxic VX nerve agent, listed by the U.N. as a weapon of mass destruction.

Feb. 26, 2017: Officials said they found no hazardous material nor any trace of VX after a sweep of the airport terminal where Kim was killed, and declared it safe.

Feb. 27, 2017: South Korean lawmakers said the country's National Intelligence Service had told them that four of the North Koreans identified as suspects by Malaysian authorities were spies from North Korea's Ministry of State Security. The lawmakers also said they were told that two other suspects were affiliated with North Korea's Foreign Ministry and that leader Kim Jong Un directed a "state-organized terror" to kill his half brother. The lawmakers didn't say how South Korea's spy agency got the information.

March 1, 2017: Aisyah and Huong were charged in a Magistrate's Court with Kim Jong Nam's murder and faced the death sentence if convicted.

March 2, 2017: Ri Tong Il, a former North Korean deputy ambassador to the United Nations who was leading a high-level delegation to Malaysia to seek Kim's body, said a heart attack likely killed the victim, not VX nerve agent as the autopsy showed.

March 3, 2017: North Korean Ri Jong-chol was released due to a lack of evidence and deported.

March 4, 2017: The Malaysian government expelled North Korean Ambassador Kang Chol, days after scrapping a visa-free entry for North Koreans. Kang Chol, who had denounced Malaysia's investigations into Kim's death and accused Kuala Lumpur of colluding with outside forces to defame Pyongyang, was given 48 hours to leave the country.

March 7, 2017: North Korea banned Malaysian citizens in its country from leaving as tension escalated over Kim's killing. Malaysia responded with a similar ban.

March 30, 2017: Nine Malaysians held in Pyongyang returned home after the two countries struck a deal to end a diplomatic row. Malaysia released Kim's body to Pyongyang and also allowed North Koreans to leave, including a North Korean Embassy official and an Air Koryo employee wanted by police for questioning over Kim's death.

Oct. 2, 2017: The joint trial of Aisyah and Huong began in the High Court. They pleaded not guilty. Their lawyers said they were pawns in a political assassination orchestrated by four North Korean suspects who fled Malaysia on the day of Kim's killing. The four men were accused in the charge sheet of conspiring with the women to kill Kim.

Aug. 18, 2018: A High Court judge ordered the two women to enter their defense after ruling there was enough evidence to infer that they had engaged in a "well-planned conspiracy" with the four missing North Korean suspects to kill Kim.

Nov. 7, 2018: The judge set Jan. 7 for the trial to resume after Aisyah's lawyers complained that some witnesses were unreachable.

Jan. 7, 2019: The trial was postponed to March. Aisyah's lawyers sought time to appeal to higher courts to obtain statements given by witnesses to police that they said are crucial for her case.

March 11, 2019: Prosecutors unexpectedly dropped the murder against Aisyah, without giving any reason. Aisyah was given a discharge not amounting to an acquittal by the court. She was flown back to Jakarta in a private jet on the same day. Indonesian officials said her release was due to Jakarta's continual high-level lobbying. A distraught Huong, who was supposed to start her defense, said she was in a shock. Her lawyers sought a postponement of the trial and asked prosecutors to also withdraw the murder charge against Huong.

March 12, 2019: Vietnamese Foreign Minister Pham Binh Minh phoned his Malaysian counterpart, Saifuddin Abdullah, requesting the court to be fair and also free Huong. Malaysian Prime Minister Mahathir Mohamad said Aisyah's release was based on the rule of law, amid allegations the government had interfered in the trial.

March 13, 2019: Law Minister Liew Vui Keong said Malaysia's attorney general has sole discretion in withdrawing the charge against Aisyah and that the government cannot interfere with the attorney general's power.

March 14, 2019: Prosecutors told the court that the attorney general ordered the murder case to proceed against Huong. They didn't explain why the attorney general refused to acquit her. Huong's lawyers accused the attorney general of being unfair and discriminating against her. The judge postponed hearing to April 1 after Huong told the judge she was unwell and stressed.

April 1, 2019: Prosecutors said the attorney general offered a reduced charge of "voluntarily causing injury with a dangerous weapon" to Huong following renewed pleas from the Vietnamese government and her lawyers. Huong pleaded guilty and the judge sentenced her to three years and four months in jail. Her lawyers said she will be freed early next month after a one-third remission for good behavior. Huong said she was "very happy" and that the sentence was fair.

Source: Fox News World

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Number of Asylum Seekers Sent Back Over Border to Grow

Border officials are aiming to more than quadruple the number of asylum seekers sent back over the southern border each day, a major expansion of a top government effort to address the swelling number of Central Americans arriving in the country, a Trump administration official said Saturday.

It was the latest attempt to ease a straining immigration system that officials say is at the breaking point. Hundreds of officers who usually screen cargo and vehicles at ports of entry were reassigned to help manage migrants. Homeland Security Secretary Kirstjen Nielsen asked for volunteers from non-immigration agencies within her department, sent a letter to Congress late this past week requesting resources and broader authority to deport families faster, and she met with Central American and Mexican officials.

The efforts are being made while President Donald Trump is doubling down on threats to shutter the U.S.-Mexico border entirely, a move that would have serious economic repercussions for both the U.S. and Mexico but wouldn't stop migrants from crossing between ports. His administration also announced it was cutting aid to the Central American countries home to most of the migrants.

Right now, about 60 asylum seekers a day are returned to Mexico at the San Ysidro, Calexico and El Paso ports to wait out their cases, the official said. They are allowed to return to the U.S. for court dates. The plan was announced Jan. 29, partially to deter false claimants from coming across the border. With a backlog of more than 700,000 immigration cases, asylum seekers can wait years for their cases to progress, and officials say some people game the system in order to live in the U.S.

Officials hope to have as many as 300 people returned per day by the end of the week, focusing particularly on those who come in between ports of entry, said the official, who had knowledge of the plans but was unauthorized to speak publicly and spoke to The Associated Press on condition of anonymity.

But the process so far has been slow-going, and such a sizeable increase may be difficult to achieve. The plan has already been marred by confusion, scheduling glitches and an inability by some attorneys to reach their clients. In San Ysidro alone, Mexico had been prepared to accept up to 120 asylum seekers per week, but for the first six weeks only 40 people per week were returned.

Plus, U.S. officials must check if asylum seekers have any felony convictions and notify Mexico at least 12 hours before they are returned. Those who cross illegally must have come as single adults, though the administration is in talks with the Mexican government to include families. Children are not returned.

Homeland Security officials have been grappling with an ever-growing number of Central American children and families coming over the border. Arrests soared in February to a 12-year-high and more than half of those stopped arrived as families, many of them asylum seekers who generally turn themselves in instead of trying to elude capture. Guatemala and Honduras have replaced Mexico as the top countries, a remarkable shift from only a few years ago. Migrants from Central America cannot be easily deported, unlike people crossing from Mexico.

Mexico has been treading lightly on the subject. After Trump lashed out, saying Mexico and the Central American nations were "doing nothing" about illegal immigration, President Andres Manuel Lopez Obrador said his country would do everything it could to help to maintain a "very respectful relationship" with the U.S. government and Trump.

Meanwhile, Nielsen sent a letter to the heads of other agencies within her sprawling, 240,000-person department, asking for volunteers to help with border duties. And she wrote to Congress asking for more temporary facilities to process people, more detention space, and the ability to detain families indefinitely and to deport unaccompanied minors from Central America. While children from Mexico can be returned over the border, laws prohibit deportation to other countries.

Democratic congressional leaders expressed deep concern, saying the administration wanted to revive "horrific" and "immoral" plans, noting its failed hardline border policies have created "senseless heartbreak and horror."

"Democrats reject any effort to let the administration deport little children, and we reject all anti-immigrant and anti-family attacks from this President," House Speaker Nancy Pelosi said in a statement.

Source: NewsMax Politics

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German prosecutors probe bonus payments to suspended VW manager

FILE PHOTO: Microsoft CEO Satya Nadella and Volkswagen CEO Herbert Diess address a news conference in Berlin
FILE PHOTO: The logo of Volkswagen in Berlin, Germany February 27, 2019. REUTERS/Fabrizio Bensch/File Photo

April 23, 2019

FRANKFURT (Reuters) – German prosecutors are investigating a possible breach of fiduciary duty by Volkswagen over bonus payments made to an executive who was suspended over the carmaker’s emissions cheating scandal.

Regulators blew the whistle on Volkswagen (VW) in 2015 after the German company was caught using software designed to cheat emissions tests on diesel engines.

VW has argued the cheating was the work of a handful of engineers who acted without the consent or knowledge of members of the management board, which at the time included VW’s current chief executive Herbert Diess and chairman Hans-Dieter Poetsch.

Prosecutors in Braunschweig, in VW’s home region of Lower Saxony, said on Tuesday they were now investigating why one VW manager received bonus payments while suspended. According to German paper Bild am Sonntag, the manager received 866,000 euros ($974,000) in bonuses between 2016 and 2018.

The prosecutors declined to identify the manager.

VW declined to comment on the payments.

The manager is among five VW executives, including former chief executive Martin Winterkorn, to face criminal charges for conspiring to cover up the carmaker’s diesel emissions cheating scandal.

Prosecutors have said that between November 2006 and September 2015, Winterkorn and four other managers failed in their duty to inform authorities about systematic emissions cheating. The VW managers could face up to 10 years in prison.

The carmaker has argued that although it was informed about the use of software to help pass emissions tests, lawyers advising the company had cautioned against informing the authorities because it was unclear the software was illegal.

Regulators later said that VW had crossed the line from using legitimate software programs to protect engines from damage, known as Auxiliary Emission Control Devices (AECD), to using an illegal “defeat device” which the U.S. Environmental Protection Agency (EPA) defines as software which “reduced the effectiveness of the emission control system.”

VW has said it also stopped short of informing shareholders about the software before the regulatory announcement because it felt potential fines would not exceed 150 million euros. So far the scandal has cost VW more than 29 billion euros.

(Reporting by Jan Schwartz; Writing by Edward Taylor; Editing by Mark Potter)

Source: OANN

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Reports: Braves sign Acuna to eight-year, $100 million extension

FILE PHOTO: MLB: Spring Training-New York Mets at Atlanta Braves
FILE PHOTO: Mar 23, 2019; Lake Buena Vista, FL, USA; Atlanta Braves left fielder Ronald Acuna Jr. (13) hits a solo home run against the New York Mets in the fifth inning at Champion Stadium. Mandatory Credit: Aaron Doster-USA TODAY Sports

April 2, 2019

The Atlanta Braves and 21-year-old outfielder Ronald Acuna Jr. have agreed to an eight-year, $100 million contract extension, multiple outlets reported Tuesday.

The deal begins this season and includes a $10 million buyout on two club options worth $17 million each, according to ESPN’s Jeff Passan. That means Atlanta can potentially keep Acuna for the next 10 seasons (through 2028) at a maximum of $124 million.

Acuna batted .293 with 26 homers, 64 RBIs, 78 runs scored and 16 stolen bases in just 111 games last season as the National League Rookie of the Year.

Through the Braves’ first four games this year, Acuna was 3-for-14 at the plate with one home run and two RBIs.

–Field Level Media

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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)

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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)

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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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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)

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