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Battle of the bands: Dueling concerts as aid for Venezuelans in limbo

The stage for the upcoming concert
The stage for the upcoming concert "Venezuela Aid Live" at Tienditas cross-border bridge between Colombia and Venezuela is pictured in Cucuta, Colombia February 21, 2019. REUTERS/Edgard Garrido

February 22, 2019

By Nelson Bocanegra and Steven Grattan

CUCUTA, Colombia (Reuters) – Tensions along the Colombia-Venezuela border over the entry of aid meant to alleviate widespread food and medicine shortages in the socialist country will be accompanied by music on Friday, as rival concerts kick off on both sides of the boundary.

British billionaire Richard Branson is backing “Venezuela Aid Live” in the Colombian border city of Cucuta, where he and 35 artists hope to raise $100 million for food and medical aid.

Some 250,000 people are expected at the free event, which will features performances by Alejandro Sanz, Maluma, Luis Fonsi and Carlos Vives. Donations will be received online and via direct deposits.

Meanwhile, Venezuela’s embattled President Nicolas Maduro, who denies any crisis in his country, is planning two shows near Cucuta on the Tienditas and Simon Bolivar border bridges that connect Venezuela and Colombia.

Saying help is not needed, Maduro has refused to allow international aid into Venezuela despite often-empty supermarket shelves, long lines for government-subsidized food and hospitals lacking in basic supplies and medicines.

Political turmoil and economic collapse including hyperinflation have set Venezuela on a downward spiral.

The Tienditas event will take place near a Colombian warehouse storing hundreds of tonnes of international humanitarian aid that the opposition aims to bring into Venezuela on Saturday.

Opposition leader Juan Guaido, recognized as Venezuela’s legitimate leader by dozens of countries, left Caracas in a caravan of supporters on Thursday, vowing to ensure personally the aid enters Venezuela.

Guaido, who invoked the constitution to assume an interim presidency last month and who denounces Maduro as an usurper, has not provided details on his plans. Some political analysts speculated Venezuelan soldiers may bar the way.

LOYALTY TEST

Colombia’s migration authority said in a statement on Thursday it will restrict border crossings on Saturday from 5 a.m. until midnight to people participating in the aid handover.

A border showdown could test the military’s loyalty to Maduro if troops are ordered to turn aid away, analysts said.

In Cucuta, residents are wary of what may happen, and many say they will stay indoors, away from possible trouble.

“Everyone’s on edge about what’s going to happen,” said Carolina Guzman, 38, who owns a restaurant. “The important thing is that the aid gets across and things start to change there so we can get back to normal here too.”

Branson said this week he hopes the concert will encourage Venezuelan soldiers to defy orders from Maduro and let humanitarian aid cross the border.

Opposition figures have suggested forming human chains, while Brazil’s government pledged to deliver aid in trucks driven by Venezuelans.

“I don’t think the military will let the aid in and there’ll be another conflict. I’m so worried because my family is over there,” said 40-year-old Venezuelan school janitor Eduardo Bustillos, who came to Cucuta 20 days ago with his son.

Some aid is also being stored on the Dutch island of Curacao, and a boat carrying 250 tons of help is on route from Puerto Rico.

Maduro said on Thursday he was considering closing the border with Colombia and would close the border with Brazil. He has already shut the maritime border with Curacao, Aruba and Bonaire.

Maduro has called the aid stockpiling a “provocation” and accuses the Trump administration, which recognizes Guaido but has levied crippling sanctions against the government, of seeking to force his ouster.

(Reporting by Nelson Bocanegra and Steven GrattanWriting by Julia Symmes Cobb and Helen Murphy; Editing by Helen Murphy and Cynthia Osterman)

Source: OANN

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2 tied to charity-gone-wrong story arrive in Baltimore

A man who garnered sympathy and media attention after maintaining that a panhandler killed his wife has been returned to Baltimore, along with his daughter, to face murder charges.

Baltimore police say 52-year-old Keith Smith and his 28-year-old daughter Valeria Smith, both of Baltimore, arrived from Texas early Thursday and were booked on first-degree murder charges. Bail hearings were to be held later in the day.

The suspects are charged in the death of 54-year-old Jacquelyn Smith, who was married to Keith Smith. She was fatally stabbed in December.

Keith Smith has said his wife was attacked after handing $10 to a roadside panhandler. But police say he concocted that story.

The two suspects were arrested March 5 in Texas during what police call a desperate dash for Mexico.

Source: Fox News National

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Democrats blink on immediate impeachment of Trump; Sanders favors letting Boston Marathon bomber vote

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Developing now, Tuesday, April 23, 2019

DEMS BLINK ON PURSUING TRUMP IMPEACHMENT -- FOR NOW: Leaders of the House Democrats backed off the idea of immediately launching impeachment proceedings against President Trump in an urgent conference call Monday evening amid a growing rift among the party's rank-and-file members, presidential contenders and committee chairs ... Fox News is told by two senior sources on the private conference call that even House Financial Services Committee Chair Maxine Waters, an anti-Trump firebrand, told fellow Democrats that while she personally favored going forward with impeachment proceedings, she was not pushing for other members to join her. House Speaker Nancy Pelosi, D-Calif., and her leadership team were clear there were no immediate plans to move forward with impeachment, Fox News is also told. Pelosi told fellow Democrats she favors more investigations of Trump to "save our democracy."

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POST-MUELLER INVESTIGATIONS: If Nancy Pelosi favors more investigations of Trump, she will not be disappointed ... House Judiciary Committee Chairman Jerrold Nadler, D-N.Y., on Monday subpoenaed former White House counsel Don McGahn to testify publicly on May 21, following last week's release of Special Counsel Robert Mueller's report on the Russia investigation. Nadler described McGahn, who stepped down as White House counsel in October 2018, as "a critical witness to many of the alleged instances of obstruction of justice and other misconduct described in the Special Counsel's report." He has set a May 7 deadline for him to provide documents related to the Mueller investigation.

Meanwhile, lawyers for President Trump have sued to block a subpoena issued by members of Congress that sought the business magnate's financial records.

OFFICIALS REPEATEDLY WARNED ABOUT GROUP BEHIND SRI LANKA ATTACKS - The purported leader of an Islamic extremist group blamed for an Easter attack in Sri Lanka that killed over 300 people began posting videos online three years ago calling for non-Muslims to be "eliminated," faith leaders said Tuesday ... Much remained unclear about how a little-known group called National Thowfeek Jamaath carried out six large near-simultaneous suicide bombings striking churches and hotels. However, warnings about growing radicalism in this island nation off the coast of India date to at least 2007, while Muslim leaders say their repeated warnings about the group and its leader drew no visible reaction from officials responsible for public security. - Associated Press

BERNIE SAYS BOSTON MARATHON BOMBER SHOULD BE ALLOWED TO VOTE: 2020 presidential candidate Sen. Bernie Sanders on Monday defended his stance for granting voting rights to criminals in prison, including the Boston Marathon bomber and convicted sexual assaulters ... During a CNN town hall on Monday night, a student asked Sanders if his position would support “enfranchising people” like Boston Marathon bomber Dzhokhar Tsarnaev, who she noted is a “convicted terrorist and murderer,” as well as those “convicted of sexual assault,” whose votes could have a “direct impact on women’s rights.”

Sanders first responded by saying he wanted a “vibrant democracy” with “higher voter turnout” and blasted “cowardly Republican governors” who he said were “trying to suppress the vote.” The Vermont senator then argued that the Constitution says “everybody can vote” and that “some people in jail can vote.”

FILE - This combination file photo, shows Russian President Vladimir Putin, left, in St. Petersburg, Russia, April 9, 2019, and North Korean leader Kim Jong Un in Hanoi, Vietnam, on Feb. 28, 2019. When Kim meets with Putin for their first one-on-one meeting, he will have a long wish list and a strong desire to notch a win after the failure of his second summit with U.S. President Donald Trump in February 2019. (AP Photo/Dmitri Lovetsky, Evan Vucci, File)

FILE - This combination file photo, shows Russian President Vladimir Putin, left, in St. Petersburg, Russia, April 9, 2019, and North Korean leader Kim Jong Un in Hanoi, Vietnam, on Feb. 28, 2019. When Kim meets with Putin for their first one-on-one meeting, he will have a long wish list and a strong desire to notch a win after the failure of his second summit with U.S. President Donald Trump in February 2019. (AP Photo/Dmitri Lovetsky, Evan Vucci, File)

NORTH KOREA'S KIM, PUTIN TO MEET: North Korean leader Kim Jong Un will soon visit Russia to meet with President Vladimir Putin, the North’s state-run Korean Central News Agency confirmed Tuesday without releasing a set date or location for the meeting ... The meeting may give Kim more leeway in future negotiations with President Trump after their February summit in Vietnam broke down due to disagreement over ridding North Korea of its nuclear arsenal. The Kremlin announced last week that North Korea’s supreme leader will visit Russia “in the second half of April,” but did not elaborate further.

OLD TWEET HAUNTS ILHAN OMAR: A resurfaced tweet from Rep. Ilhan Omar saw the Minnesota Democrat claim U.S. forces killed “thousands” of Somalis during the 1993 “Black Hawk Down” mission -- despite multiple analysts concluding the number was much smaller ... In the October 2017 tweet discovered by journalist John Rossomando, Omar was responding to a Twitter user who'd highlighted that more than a dozen U.S. soldiers were killed and another 73 were wounded in the Battle of Mogadishu, saying it was the “worst terrorist attack in Somalia history.” Omar, a Somali refugee who was then a Minnesota state representative, refuted the tweet, insisting that “thousands” of Somalis were killed by American forces. The number of Somali casualties in the Battle of Mogadishu is widely disputed.

THE SOUNDBITE

OBSTRUCTION 'MOCKERY' - "We are supposed to believe now that Donald Trump committed repeated obstruction of justice over a crime that he now, as we all know, did not commit? He is trying to obstruct people from investigating something he said he didn't do and special counsel has confirmed he didn't do. It is ridiculous, it is a farce, it is making a mockery of America"– Piers Morgan, DailyMail.com editor-at-large on "Hannity," lambasting Democrats and the mainstream media for their reaction to the Mueller report's release. (Click the image above to watch the full video.)

TODAY'S MUST-READS
Klobuchar has 'please clap' moment, says CNN's Chris Cuomo 'creeping' over shoulder during town hall.
Washington Post faces backlash after Sri Lanka attacks for focus on 'far right.'
McConnell vows to be 'grim reaper' of socialist Dem proposals.

MINDING YOUR BUSINESS
Herman Cain withdraws from Fed seat consideration.
Elizabeth Warren wants to 'cancel' student debt for millions.
IRS audits may start to target more wealthy taxpayers.

STAY TUNED

On Fox News:

Fox & Friends, 6 a.m. ET: U.S. Sen. Mike Lee, R-Utah, on Democrats' push to investigate President Trump. Plus, Did the media fail to properly recognize that the bombings in Sri Lanka was an attack on Christians?

The Story with Martha MacCallum, 7 p.m. ET: An exclusive interview with talk radio icon Rush Limbaugh!

On Fox Business

Mornings with Maria, 6 a.m. ET: U.S. Sen. Cory Gardner, R-Colo.

Varney & Co., 9 a.m. ET: U.S. Sen. Mike Lee, R-Utah.

Countdown to the Closing Bell, 3 p.m. ET: Todd Krizelman, co-founder of TheGlobe.com.

Lou Dobbs Tonight, 7 p.m. ET: Kevin Hassett, chairman of the Council of Economic Advisers.

On Fox News Radio:

The Fox News Rundown podcast: "Social Security Funds to Run Out in 2035" - Social Security reserve funds are expected to run out by 2035, according to the latest Social Security and Medicare trustees report. Fox Business Network correspondent Edward Lawrence breaks down the report and what happens if Congress does not act fast to fix it. Federal benefits programs have become a main attraction for many immigrants entering the United States. Fox News correspondent William La Jeunesse explains the financial cost of immigration to our economy. Plus, commentary by Leslie Marshall, Democratic strategist and Fox News contributor .

Want the Fox News Rundown sent straight to your mobile device? Subscribe through Apple Podcasts, Google Play, and Stitcher.

The Brian Kilmeade Show, 9 a.m. ET: Mary Walter guest-hosts. Special guests include: Allen West, former Florida congressman, on the latest in the Sri Lanka terror attacks on Christians; Michael Goodwin, New York Post columnist, on why President Trump's best path forward is to ignore Democrats and focus on policy; Chris Stirewalt, Fox News digital politics editor, on the latest in the 2020 presidential race and more.

The Todd Starnes Show, Noon ET: Todd speaks with John Bursch, vice president and senior counsel at Alliance Defending Freedom about their latest case for religious freedom.

#TheFlashback
2005: YouTube uploads its first clip, "Me at the Zoo," which shows YouTube co-founder Jawed Karim standing in front of an elephant enclosure at the San Diego Zoo.
1995: Iconic sportscaster Howard Cosell dies in New York at age 77.
1971: Hundreds of Vietnam War veterans opposed to the conflict protest by tossing their medals and ribbons over a wire fence in front of the U.S. Capitol.

Fox News First is compiled by Fox News' Bryan Robinson. Thank you for joining us! Have a good day! We'll see you in your inbox first thing Wednesday morning.

Source: Fox News National

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Trump signs legislation promoting Bob Dole to colonel for WWII service

President Trump on Monday signed legislation authorizing the honorary promotion of former Sen. Bob Dole, R-Kan., from captain to colonel in the U.S. Army in recognition of his service in World War II.

The legislation, which was passed unanimously last month by the House of Representatives after going through the Senate, recognizes Dole’s time spent in the armed forces during World War II, where he earned two Purple Hearts and was twice awarded the Bronze Star Medal with Valor.

BOB DOLE TURNS 95 - LET ME TELL YOU ABOUT MY FRIEND AND A GREAT AMERICAN 

"I was proud to wear our nation's uniform 77 years ago when I enlisted, and my pride in America's brave servicemen and women continues today," Dole said in a statement in March, when Congress passed the legislation authorizing his promotion.

The 95-year-old Dole, who ran for president in 1996, was last seen publicly in December when he rose from a wheelchair to salute the coffin of former President George H.W. Bush in the Capitol rotunda.

BOB DOLE GIVES GEORGE H.W. BUSH STANDING SAULTE, RISING FROM WHEELCHAIR IN DRAMATIC MOMENT

Dole, who represented Kansas in the U.S. House and Senate for a total of 35 years, was injured by German machine gun fire while serving as an infantry lieutenant in 1945 in the European theater. The injury left him with limited use of his right arm.

Trump last year praised Dole as a “great American” during a presentation awarding the former lawmaker the Congressional Gold Medal, the highest civilian honor bestowed by Congress.

Source: Fox News Politics

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Finnish Social Democrat leader Rinne declares victory in election

Chairman of the Finnish Social Democratic Party Antti Rinne and his wife Heta Ravolainen-Rinne attend the election party in Helsinki
Chairman of the Finnish Social Democratic Party Antti Rinne and his wife Heta Ravolainen-Rinnes attend the election party in Helsinki, Finland April 14, 2019. Lehtikuva/Antti Aimo-Koivisto via REUTERS

April 14, 2019

HELSINKI (Reuters) – Finland’s leftist Social Democrat party (SDP) leader Antti Rinne has declared victory in Sunday’s general election, after partial results showed his party winning by a tight margin with 17.8 percent.

The nationalist Finns Party was in second place with 17.6 percent, after more than 97 percent of votes were counted.

“For the first time since 1999 we are the largest party in Finland … SDP is the prime minister party,” Rinne said.

(Reporting by Anne Kauranen and Tarmo Virki; editing by Justyna Pawlak)

Source: OANN

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Apple says Spotify wants benefits of a free app without being free

FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York
FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1, 2018. REUTERS/Lucas Jackson/File Photo

March 15, 2019

(Reuters) – Apple Inc said on Thursday Spotify wants all the benefits of a free app without being free, as the iPhone maker responded to the audio streaming service provider’s complaint with European Union antitrust regulators.

Spotify, which launched a year after the 2007 launch of the iPhone, said on Wednesday Apple unfairly limits rivals to its own Apple Music streaming service.

Apple’s control of its App store deprived consumers of choice and rival providers of audio streaming services to the benefit of Apple Music, which began in 2015, Spotify added.

In response, Apple said it has “approved and distributed nearly 200 app updates on Spotify’s behalf, resulting in over 300 million downloaded copies of the Spotify app.”

“The only time we have requested adjustments is when Spotify has tried to sidestep the same rules that every other app follows,” Apple said in a statement. https://apple.co/2TDPBPo

“Spotify is free to build apps for — and compete on — our products and platforms, and we hope they do.”

(Reporting by Subrat Patnaik in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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State Department reacts to reported arrests of Americans in Haiti

The State Department responded to reports that five Americans in Haiti were arrested and held on conspiracy charges after more than a week of anti-government protests.

“We understand that the Haitian National Police detained a group of individuals, including some U.S. citizens. When U.S. citizens are arrested overseas we seek Consular Access as soon as possible and provide appropriate Consular assistance as provided by the Vienna Convention on Consular Relations,” a State Department spokesperson told Fox News. It did not comment further.

Reuters reported that a group of foreign nationals including armed Americans were arrested. Haitian newspaper Le Nouvelliste reported that police found rifles, pistols, drones and satellite phones in the group’s vehicle, according to Reuters.

The arrests come after more than a week of violent demonstrations by tens of thousands of protesters demanding the resignation of President Jovenel Moise over skyrocketing prices that have more than doubled for basic goods amid allegations of government corruption.

TRUMP DECLARES ‘SOCIALISM IS DYING’ AMID VENEZUELA ‘CATASTROPHE,’ PROMISES ‘THIS WILL NEVER HAPPEN TO US’

Last week, the State Department issued its highest-possible travel advisory for Haiti, the Western Hemisphere’s poorest nation.

“Do not travel to Haiti due to crime and civil unrest,” the department advised Americans in its Level 4 warning. “There are currently widespread, violent, and unpredictable demonstrations in Port-au-Prince and elsewhere in Haiti. ... Protests, tire burning, and road blockages are frequent and unpredictable. Violent crime, such as armed robbery, is common. Local police may lack the resources to respond effectively to serious criminal incidents, and emergency response, including ambulance service, is limited or non-existent.”

Goods in Haiti have doubled in price in recent weeks: A sack of rice now costs $18 in U.S. dollars and a can of dry beans around $7. In addition, a gallon of cooking oil has gone up to nearly $11 from $7. Inflation has been in the double digits since 2014, and the price hikes are angering many people in Haiti, where about 60 percent of its nearly 10.5 million people struggle to get by on about $2 a day. A recent report by the U.S. Agency for International Development said about half the country is undernourished.

CLICK HERE TO GET THE FOX NEWS APP

The U.S. government urged Moise’s administration to implement economic reforms and redouble efforts to fight corruption and hold accountable those implicated in the scandal over the Venezuelan subsidized oil program, known as Petrocaribe.

Moise has refused to step down, though his prime minister, Jean-Henry Ceant, said over the weekend that he has agreed to reduce certain government budgets by 30 percent, limit travel of government officials and remove all non-essential privileges they enjoy, including phone cards. Ceant also vowed to investigate alleged misspending tied to Petrocaribe, and said he has requested that a court audit all state-owned enterprises. He also said he would increase the minimum wage and lower the prices of basic goods, although he did not provide specifics.

Fox News’ Nicholas Kalman and The Associated Press contributed to this report.

Source: Fox News World

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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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FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo

April 26, 2019

(Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States.

The potential concern does not involve the use of defeat devices, the company said in a regulatory filing. (https://bit.ly/2VqjHpl)

Ford had voluntarily disclosed the matter to the U.S. Environmental Protection Agency and the California Air Resources Board in February.

(Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

Source: OANN

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