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Spring training roundup: Rays smack six homers

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

March 11, 2019

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

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

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

Yankees (ss) 6, Pirates 5

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

Phillies 8, Orioles 5

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

Marlins 5, Braves 2

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

Nationals 6, Astros 4

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

Blue Jays 10, Twins 1

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

Mets 9, Cardinals 1

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

Padres 11, Royals 6

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

Brewers 7, Cubs 5

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

Rangers 7, Giants (ss) 6

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

Athletics 5 (ss), Giants (ss) 4

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

Athletics (ss) 7, White Sox 6

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

Indians 16, Mariners (ss) 2

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

Diamondbacks (ss) 3, Reds 2

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

Dodgers 3, Rockies (ss) 1

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

Mariners (ss) 9, Angels 9

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

Diamondbacks (ss) 5, Rockies 2

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

Yankees (ss) 2, Tigers 2

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

–Field Level Media

Source: OANN

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Barclays hoped 2008 cash call would drive international growth, court told

FILE PHOTO: The Barclays logo is seen in front of displayed stock graph in this illustration
FILE PHOTO: The Barclays logo is seen in front of a stock graph in this illustration taken June 21, 2017. REUTERS/Dado Ruvic/File Photo

February 19, 2019

By Kirstin Ridley

LONDON (Reuters) – Barclays believed deals with strategic investors during the 2008 financial crisis would help to provide a springboard for its international ambitions, the bank’s former chairman told a London criminal trial on Tuesday.

Marcus Agius, called as a prosecution witness in the fraud trial of four former senior colleagues, said the bank had hoped to secure partnerships that would reinforce the bank’s global ambitions by granting Barclays “favored nation status” for future business opportunities with investors such as Qatar.

“That was how it was put and that was how the board understood it,” the veteran banker told a packed courtroom.

Former Barclays’ chief executive John Varley and three former senior executives Roger Jenkins, Tom Kalaris and Richard Boath, deny conspiring to commit fraud by false representation when the bank raised more than 11 billion pounds ($14 billion) from investors in 2008 to avert a British state bailout.

Prosecutor Edward Brown alleges the men did not properly disclose an extra 322 million pounds in fees paid to the Qatari investors through so-called “advisory service agreements” during the financial crisis and that other investors that took part in the two capital raisings – from Abu Dhabi, China, Singapore and Japan – would have expected the same terms.

Agius, in a light gray suit, told Southwark Crown Court that in June 2008, Barclays initially thought a deal with Qatar would be desirable, but not essential. But markets became increasingly febrile towards the end of that summer.

In October 2008, just four months after an initial capital raising, Barclays turned again to Qatar – and Abu Dhabi – for a second emergency fundraising to stave off state control.

Agius said he did not remember frenetic to-ing and fro-ing between the bank’s executives and Qatari investors about fees, but said that the board wanted to avoid the restrictions of a British government sector-wide bailout – and that a deal with investors such as Qatar seemed “sensible”, if complex.

Asked if he remembered being told that the Qataris had laughed at Barclays officials, who, according to Oct. 22 board meeting minutes, had offered them 120 million pounds in fees, Agius replied: “No.”

The case marks the Serious Fraud Office’s first criminal charges filed in Britain against such senior bankers over financial crisis-era conduct.

The trial has charted how the Barclays executives battled to clinch a deal with Qatari investors who made tough demands. Varley described the investors as “new cocks of the roost” in an email to Agius on June 5, 2008, which was shown to the court.

Agius said his relationship with Varley was “always excellent” and that he considered him creative and courageous with a formidable work rate. “I regarded him as a man of utmost integrity, high intelligence … someone committed to see the bank succeed,” he said.

Qatar Holding, part of the Qatar Investment Authority sovereign wealth fund, and Challenger, an investment vehicle of former Qatari prime minister Sheikh Hamad bin Jassim bin Jabr al-Thani, which invested in Barclays in 2008, have not been accused of wrongdoing.

The trial is scheduled to last up to six months.

(Reporting by Kirstin Ridley. Editing by Jane Merriman)

Source: OANN

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Novartis pays $310 million upfront for inflammation specialist IFM

FILE PHOTO: Swiss drugmaker Novartis' logo is seen in Stein
FILE PHOTO: Swiss drugmaker Novartis' logo is seen at the company's plant in the northern Swiss town of Stein, Switzerland October 23, 2017. REUTERS/Arnd Wiegmann/File Photo

April 1, 2019

ZURICH (Reuters) – Novartis on Monday said it had agreed to pay $310 million upfront, with the possibility for more later, for some assets of Boston-based inflammation specialist IFM Therapeutics as the Swiss drugmaker seeks to expand its immunology pipeline.

The deal for the IFM subsidiary IFM Tre could eventually reach nearly $1.6 billion, IFM said in a statement, should the portfolio of clinical and preclinical molecules meet milestones. IFM has one molecule, IFM-2427, in an early Phase 1 trial, as well as other less-developed assets.

(Reporting by John Miller, editing by John Revill)

Source: OANN

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McCabe: Rosenstein's offer to wear wire was 'absolutely not' a good idea

Former FBI deputy director Andrew McCabe on Tuesday claimed he unequivocally rejected deputy AG Rod Rosenstein’s suggestion about wearing a wire in the White House, saying it was “absolutely not” a good idea.

Sitting down with CNN’s Anderson Cooper, McCabe that he had nothing to do with the leaks that first publicized Rosenstein’s offer to record his conversation with President Trump in the wake of the dramatic May 2017 firing of FBI Director James Comey.

“At that moment, did you think that was a good idea?” Cooper asked.

“Absolutely not,” McCabe responded. “I felt that it was an incredibly invasive and a potentially precedent-setting thing to do. I didn’t think it was necessary at that point. I mean, if you think about it, the reason you would send someone in with a concealed recording device to tape the utterances and the statements of a subject is to capture evidence of intent. We didn’t need to do that in this case. We knew what the president intended. He made, through his own public statements to Lester Holt in the infamous interview -- it was a risky and very controversial position that I did not want to put the agency in.”

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McCabe told the CNN anchor that he documented his interactions with Rosenstein and that he handed his memos to investigators.

And when asked if he thought Rosenstein should have recused himself from the probe of Russian meddling in the 2016 presidential election after invoking the 25th Amendment, McCabe said that was a decision for Rosenstein alone.

He later added that the country owes Rosenstein a “debt of gratitude” for appointing Special Counsel Robert Mueller to look into the Russia matter.

Source: Fox News Politics

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IMF team to visit Pakistan this month in final bailout push

The IMF logo is seen outside the headquarters building in Washington
FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas

April 15, 2019

By Drazen Jorgic

ISLAMABAD (Reuters) – A mission team from the International Monetary Fund (IMF) will travel to Pakistan this month, the IMF said on Monday, amid growing expectation that talks on a long-delayed bailout are due to be wrapped up soon.

Pakistan was last year expected to sign up for its 13th IMF bailout program since the late 1980s but talks ground to a halt, with Pakistani officials saying the conditions attached to the proposed IMF loans could hurt economic growth.

Pakistan’s macroeconomic outlook has deteriorated in recent months, with the central bank lowering growth forecasts and raising rates at a time when inflation is at a five-year high. The rupee currency has also lost about 35 percent since December 2017.

“At the request of the authorities, an IMF mission will be going to Pakistan before the end of April to continue the discussions,” the IMF said in a statement.

Pakistani Finance Minister Asad Umar earlier this month visited Washington for talks with the IMF, which on Monday described those talks as “constructive discussions”.

The government of Prime Minister Imran Khan, who took power in August, has obtained temporary relief from close allies such as China and Saudi Arabia with short-term loans worth more than $10 billion to buffer foreign currency reserves and ease pressures on the country’s current account.

But analysts have been saying an IMF bailout is inevitable, with Pakistan also facing an increasing fiscal crunch ahead of the annual budget spending review for the next financial year starting July 1.

“After today’s IMF statement, the expectation is that the bailout is pretty much there,” said Saad Hashemy, Chief Economist for Pakistani brokerage house Topline Securities.

But he added that there are questions regarding the time frame of when Pakistan would start receiving the money and the exact contours of the assistance program.

“There are questions if there will be any further devaluations, how much interest rates will be hiked, what taxation measures are expected of Pakistan, and will there be any further increase in electricity or gas prices?” Hashemy added.

Khan’s government is facing increasing anger from the population on the back of rising utility prices, many of which have been subsidized by successive cash-strapped governments.

Inflation was over 9.4 percent in March, its highest since November 2013, with strong increases in food and energy, the two most sensitive items for most consumers.

The central bank forecasts growth at 3.5 to 4 percent in the 12 months to end-June, well off a government target of 6.2 percent.

(Reporting by Drazen Jorgic; Editing by Nick Macfie)

Source: OANN

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Brazil arrests two former policemen over Rio councilwoman’s murder

Police cars are seen in a condominium where a suspect in the murder of activist and councilwoman Marielle Franco was arrested in Rio de Janeiro
Police cars are seen in a condominium where a suspect in the murder of activist and councilwoman Marielle Franco was arrested, the same condominium where Brazil's President Jair Bolsonaro has a residence, in Barra da Tijuca neighborhood, Rio de Janeiro, Brazil March 12, 2019. REUTERS/Sergio Moraes

March 12, 2019

RIO DE JANEIRO (Reuters) – Two former policemen were arrested in Rio de Janeiro on Tuesday in connection with the murder of a local councilwoman and her driver, Rio de Janeiro police and prosecutors said.

The operation that resulted in the arrests came on the eve of the first anniversary of the deaths of the councilwoman, Marielle Franco, and Anderson Gomes.

The suspects were identified as Ronnie Lessa, a retired military police officer, and Élcio Vieira de Queiroz, a former policeman who was expelled from the force.

“Two police officers were arrested with a direct and effective participation in the crime,” said Marcus Vinícius Braga, Rio de Janeiro state police secretary. “With the these arrests, we get close to solving the crime.”

Investigators said Lessa fired the shots that killed Franco and Gomes on March 14, 2018, on the north side of Rio. Queiroz drove the car that ambushed them, investigators said.

Franco, an activist for human rights and women’s causes, was a rising star in the Socialism and Liberty Party. Her press secretary, Fernanda Chaves, who was traveling in the same vehicle as Franco and Gomes, suffered minor injuries.

One of the detained policemen lives in the same gated community where Brazilian President Jair Bolsonaro has a home and lived before being elected last year. The police did not explain whether that had any significance and so far the president has not been tied to the case in any manner.

The president’s press office did not immediately reply to request for comment.

(Reporting by Rodrigo Viga, writing by Ana Mano, editing by Larry King)

Source: OANN

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Homemade explosive at north China police station injures 3

Authorities in China say three people were injured when a homemade explosive device was set off at a police station in the country's northeast.

Police in Liaoning province's Shenyang city say the attacker first set fire to the station on Thursday afternoon, then used gunpowder to detonate a homemade explosive in the first-floor reception hall.

Police said in a statement that three people, including two police personnel, suffered light injuries. It said the suspect died at the scene, but did not give further details.

Last month, seven people were killed in northwest Shaanxi province in an arson attack linked to a family dispute.

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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