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Lyft expects to raise as much as $2 billion in IPO

An electric scooter from the ride sharing company Lyft is shown on a downtown sidewalk in San Diego
An electric scooter from the ride sharing company Lyft is shown on a downtown sidewalk in San Diego, California, U.S., March 15, 2019. REUTERS/Mike Blake

March 18, 2019

(Reuters) – Ride-hailing platform Lyft Inc said on Monday it would raise as much as $2 billion in initial public offering.

Lyft expects to price 30.8 million shares between $62 and $68 per share, it said in a filing http://bit.ly/2HBtkKE.

At the higher end of the range, the company will have a market valuation of $19.64 billion.

(Reporting by Diptendu Lahiri in Bengaluru; Editing by James Emmanuel)

Source: OANN

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Man charged in death of wife who went missing in 1981

A Pennsylvania man has been charged in the death of his wife who went missing nearly 40 years ago.

Warrington police announced Thursday that William Korzon has been charged with murder, forgery and other counts in the death of Gloria Korzon. He was denied bail during an arraignment hearing, and it's not known if he's retained an attorney.

Korzon has maintained his innocence since his wife went missing in March 1981. As he was led out of the courthouse Thursday, he told reporters "she went to Florida" and he has no idea where her body is.

Gloria Korzon was declared deceased in 1997. The affidavit filed in Korzon's arrest lays out a decades-long pattern of abuse and rage in a tumultuous marriage.

Authorities say the investigation is ongoing.

Source: Fox News National

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Indian lawmakers summon Facebook officials over citizens’ rights protection

FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration
FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/File Photo

February 22, 2019

MUMBAI (Reuters) – An Indian parliamentary panel has summoned representatives of Facebook Inc, its messaging services WhatsApp and photo-sharing app Instagram to appear before it early next month and discuss how to safeguard citizens’ rights on social media.

Social media in the world’s largest democracy have become a hotbed for circulation of fake political news and tech firms face intense scrutiny ahead of a general election due before May, where Prime Minister Narendra Modi will seek a second term. [nL3N20G1WM]

In a circular late on Thursday, the parliamentary committee on information technology, chaired by Anurag Thakur, a lawmaker from Modi’s ruling Bharatiya Janata Party, said it would hear the views of officials from Facebook and its units on March 6.

The subject would be “safeguarding citizens’ rights on social or online news media platforms,” it added.

It was not immediately clear whether the panel had asked Indian or global executives of the three firms to appear.

Facebook declined to comment, while WhatsApp and Instagram did not immediately respond to a request for comment.

The panel has previously summoned social network Twitter Inc’s Chief Executive Jack Dorsey to appear on Monday to discuss the same topic. [nL3N2062MG]

“These are issues for all Internet services globally,” Twitter said on Friday, adding that Colin Crowell, its global vice president of public policy, is to meet the panel on Monday.

Facebook, WhatsApp and Twitter have overhauled policies to boost transparency ahead of the general election and rein in misinformation.

Alphabet Inc’s Google this week launched a program to train journalists in areas such as online verification and fact checking before the polls.

(Reporting by Sankalp Phartiyal; Editing by Clarence Fernandez)

Source: OANN

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Nicaraguan bishop, a vocal Ortega critic, says he was target of assassination plot

Managua's Bishop Silvio Baez speaks during a news conference in Managua
Managua's Bishop Silvio Baez speaks during a news conference in Managua, Nicaragua April 10, 2019. REUTERS/Oswaldo Rivas

April 11, 2019

By Ismael Lopez

MANAGUA (Reuters) – A Roman Catholic bishop in Nicaragua who has been a sharp critic of the government of President Daniel Ortega said he had been the target of an assassination plot last year and that Pope Francis had invited him to relocate to Rome.

The cleric, Monsignor Silvio Baez, revealed details of the plot on Wednesday during a news conference.

“It’s true, it’s true … I was in bed at 11 p.m. when I received a call from the political department of the U.S. Embassy telling me that they had full certainty of a plan to assassinate me, to be careful,” Baez said.

The Nicaraguan government and the U.S. embassy in Managua did not immediately respond to requests for comment.

Baez gave no indication on Wednesday as to who may have targeted him and why and said he could not recall the exact date. He said he had been receiving threatening calls and messages to his cell phone, without giving more details.

He said the Argentine pontiff had called him to Rome for an unspecified period.

The bishop had been an outspoken critic of the Ortega administration’s crackdown on near-daily protests that broke out last April. The ensuing violence led to at least 300 deaths and more than 600 arrests, according to human rights groups.

The crisis has been the impoverished Central American country’s bloodiest and most intractable since a civil war that raged in the 1980s.

Nicaragua’s protests first erupted when Ortega’s government tried to reduce welfare benefits, but quickly swelled into broader opposition to Ortega, a Cold War-era former Marxist guerrilla leader who has held office since 2007.

The government said last month it would release all those arrested in the protests as part of a dialogue with the opposition.

Baez has previously told media that he had repeatedly received threats against him from government loyalists. The bishop, local rights activists and other prominent critics of Ortega have been publicly threatened on social media.

Baez was beaten and knifed in the arm last July, when he and other bishops visiting a southern Nicaraguan city took refuge in a church that was surrounded by armed government supporters.

The Inter-American Commission on Human Rights denounced the threats and harassment of Baez last May, saying they were grave enough to put the bishop and his family “in a situation of seriousness and urgency” and that they came in the context of his leading role in a national dialogue between protesters and government representatives.

(Reporting by Ismael Lopez; writing by Delphine Schrank; Editing by Rosalba O’Brien)

Source: OANN

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NZ On Edge: Festival Evacuated Over ‘Far-Right’ Tattoo; Crime To Download, Distribute Manifesto

New Zealand is on edge following the March 15 terror attacks at two Christchurch mosques that left 50 dead.

On Saturday, around 5,000 concertgoers were evacuated from the Homegrown Music Festival in Wellington because a festival worker reported someone with a ‘far-right’ tattoo.

After the roughly 30 minute evacuation, the tattoo was discovered to be “traditional” instead, according to the New Zealand Herald (h/t Cassandra Fairbanks of Gateway Pundit)

“Some of the Homegrown crew identified a person that they were concerned about and police made the call that person needed to be found,” said Homegrown spokeswoman Kelly Wright, adding that the incident was an “innocent misunderstanding.”

“It all happened at the change-over of the music so people were moving around and police couldn’t spot the person immediately so they made the call to evacuate the stage. The person was found and it turned out that is was a completely innocent misunderstanding and everyone was allowed to return.”

Illegal manifesto

According to New Zealand’s Chief Censor David Shanks, a so-called manifesto attributed to suspected gunman Brenton Tarrant was ruled “objectionable” on Saturday, making it a crime to possess or distribute it anywhere in the country.

People who have downloaded this document, or printed it, should destroy any copies,” said Shanks.

There is an important distinction to be made between ‘hate speech,’ which may be rejected by many right-thinking people but which is legal to express, and this type of publication, which is deliberately constructed to inspire further murder and terrorism,” said Shanks, adding “It crosses the line.”

Prosecutors have also gone after people who shared that video.

As of Thursday, at least two people had been charged with sharing the video via social media, under a law that forbids dissemination or possession of material depicting extreme violence and terrorism.

Others could face related charges in connection with publicizing the terrorist attack, under a human rights law that forbids incitement of racial disharmony. –NYT

“It promotes, encourages and justifies acts of murder and terrorist violence against identified groups of people,” said Shanks. “It identifies specific places for potential attack in New Zealand, and refers to the means by which other types of attack may be carried out. It contains justifications for acts of tremendous cruelty, such as the deliberate killing of children.”

As far as ‘hate speech’ which is ‘legal to express,’ Shanks may want to touch base with police in Masterton, who announced that they were charging a 28-year-old woman with ‘inciting racial disharmony‘ over a Facebook post which contained an “upsetting” message related to “the events in Christchurch and this person’s views on what had occurred.”

Senior Sergeant Jennifer Hansen

“We were made aware that this post had been put up on Facebook which had upset a number of people to the point that they felt uncomfortable taking kids to school because of the comments that had been made,” said Sergeant Jennifer Hansen.

Meanwhile, several Kiwis who have shared videos of the Christchurch massacre at work have been fired.

Last week, New Zealand authorities have reminded citizens that they face up to 10 years in prison for “knowingly” possessing a copy of the New Zealand mosque shooting video – and up to 14 years in prison for sharing it. Corporations (such as web hosts) face an additional $200,000 ($137,000 US) fine under the same law.

Free speech advocates, however, are concerned with Ardern’s censorship-heavy approach.

“People are more confident of each other and their leaders when there is no room left for conspiracy theories, when nothing is hidden,” Stephen Franks, a constitutional lawyer and spokesman for the Free Speech Coalition, told AP.

“The damage and risks are greater from suppressing these things than they are from trusting people to form their own conclusions and to see evil or madness for what it is.”

Speaking about Tarrant’s first-person-shooter-style video, counterterrorism expert Jennifer Breedon told RT that banning such videos does nothing to prevent future attacks.

“We need to stop putting band-aids on gunshot wounds,” she said. “We’re spending so much time talking about ‘we can’t have videos like this’…rather than answering questions that need to be asked.”

Into the memory hole

Meanwhile, journalist Nick Monroe noted that New Zealand news outlet Stuff has deleted an article in which a 30-year-old New Zealand resident converted to Islam and was “introduced to radical Islam at the Al-Noor mosque in Christchurch.”

New Zealand has also banned books by author Jordan Peterson

In short, “never let a good crisis go to waste” applies in New Zealand.

Source: InfoWars

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Brexit delay request will be rejected if no guarantees of deal success: France

Informal meeting of EU foreign ministers in Bucharest
FILE PHOTO: French Foreign Minister Jean-Yves Le Drian speaks to the media during the informal meeting of the European Union foreign ministers in Bucharest, Romania, January 31, 2019. Inquam Photos/Octav Ganea via REUTERS

March 20, 2019

PARIS (Reuters) – Britain’s request for a delay to Brexit will be rejected by the EU if Prime Minister Theresa May cannot provide sufficient guarantees that her parliament will approve the divorce deal she negotiated, France’s foreign minister said on Wednesday.

The French stance was markedly tougher in tone than the public rhetoric out of Berlin, where Germany’s foreign minister said only that an orderly British departure from the European Union would solve the Brexit turmoil.

May asked for a three-month delay to Brexit on Wednesday to buy time to get her twice-rejected departure deal through parliament. Her request came just nine days before Britain is formally due to leave the EU, the latest twist in more than two years of negotiations that have left British politics in chaos.

“A situation in which Mrs May was not able to present to the European Council sufficient guarantees of the credibility of her strategy would lead to the extension request being dismissed and opting for a no-deal exit,” Jean-Yves Le Drian told the French National Assembly.

A senior official in President Emmanuel Macron’s office said May had requested a “technical extension”. This suggested that approval would be conditional on the British parliament ratifying the withdrawal agreement negotiated by May.

Any extension has to be approved by all 27 EU members remaining in the bloc.

In recent weeks, Germany has appeared to adopt a more conciliatory stance. Paris and Berlin are discussing their response to May’s delay request, a source familiar with the diplomatic effort said, with Macron and Chancellor Angela Merkel due to meet on Thursday in Brussels, on the sidelines of an EU summit.

Speaking in Berlin, German Foreign Minister Heiko Maas said he expected EU leaders to make a decision on how to proceed with May’s request at that summit.

“We’d like to know where it leads,” Maas told a news conference in Berlin. “We’ve always said that if the (European) Council has to decide on a deadline extension for Britain, then we’d like to know why and what for.”

(Reporting by Michel Rose; Editing by Richard Lough and Kevin Liffey)

Source: OANN

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Britain urges ‘stronger measures’ at U.N. if no progress on Yemen’s Hodeidah deal

United Nations envoy to Yemen Martin Griffiths, gestures as he arrives to a meeting with Houthi-appointed local officials in Hodeidah
United Nations envoy to Yemen Martin Griffiths, gestures as he arrives to a meeting with Houthi-appointed local officials in Hodeidah, Yemen January 29, 2019. REUTERS/Abduljabbar Zeyad

April 15, 2019

By Michelle Nichols

UNITED NATIONS (Reuters) – The United Nations’ Security Council should consider “stronger measures” if there was no progress in the coming weeks on a deal between Yemen’s warring parties on a key port, Britain said on Monday, as the U.N. mediator admitted it was “taking longer than we had hoped.”

In an illustration of the delay, U.N. Yemen envoy Martin Griffiths told the council both sides had accepted a detailed operational plan for step one in a withdrawal of forces from the Red Sea port and city of Hodeidah – two months after the world body announced an initial deal on that measure.

“Let us be clear that when – and I hope it is when, not if – these redeployments happen they will be the first voluntary withdrawals of forces in this long conflict,” Griffiths told the 15-member council. “Of course it has taken longer than we had hoped but that it should happen at all is extremely welcome.”

The Iran-aligned Houthi movement and the Saudi-backed government initially agreed in December to withdraw troops by Jan. 7 from Hodeidah – a lifeline for millions facing famine – under a truce aimed at averting a full-scale assault on the port and paving the way for negotiations to end the four-year war.

Although the ceasefire agreed for Hodeidah largely holds, violence continues elsewhere and has escalated in recent weeks.

Britain’s U.N. Ambassador Karen Pierce said the lack of implementation of the deal reached in Sweden is “very worrying.”

“The stakes are too high for us to let that fail and the council in our view should be ready to take stronger measures if there’s no progress by our next meeting,” Pierce told the council, which traditionally meets once a month on Yemen.

Griffiths did not say when the first stage of troop withdrawals from Hodeidah could start, adding that talks would continue on phase two of a redeployment and the status of local security forces.

Acting U.S. Ambassador to the United Nations Jonathan Cohen warned the Houthis that Washington would be “watching closely to see if they make good on that agreement” to phase one.

“The Yemeni government has demonstrated a clear commitment to the United Nations-led process. It’s time for the Houthis to also show the international community that they too are serious,” Cohen told the council.

U.N. aid chief Mark Lowcock painted a dire picture of the humanitarian situation in Yemen, appealing for more money for “the world’s largest aid operation” and more access.

(Reporting by Michelle Nichols; Editing by Susan Thomas)

Source: OANN

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

April 26, 2019

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

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

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

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

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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

April 26, 2019

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

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

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

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

Source: OANN

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

April 26, 2019

By Simon Jessop and Sinead Cruise

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

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

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

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

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

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

Sherborne declined to comment.

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

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

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

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

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

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

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

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

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

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

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

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

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

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

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

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

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

(Editing by Jane Merriman)

Source: OANN

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

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

Ron Magill/Zoo Miami

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

Source: Fox News World

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

April 26, 2019

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

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

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

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

Source: OANN

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