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$2M lottery winner from Tennessee: ‘I’m still a redneck’

A Tennessee man who won $2 million on a scratch-off lottery ticket says the money won't change him.

Dyersburg resident Timothy Seratt told WREG-TV that "I might have a lot of money, but I'm still a redneck."

Seratt says he's lived paycheck-to-paycheck his whole life, that he's never flown in a plane and never traveled farther north than Kentucky.

While he doesn't have plans for some of the $1.3 million he'll take home after taxes, he still plans to work.

Seratt said his immediate plans are to pay off his house and his mom's house and take his two kids to Disney World. He'd also like to fly to Los Angeles to watch the Dodgers play baseball, but says he'll look to invest much of the money.

Source: Fox News National

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After drought and floods, Afghanistan confronts critical harvest

FILE PHOTO - An Afghan man who was internally displaced due to drought digs soil to set up a tent at a refugee camp in Herat province
FILE PHOTO - An Afghan man who was internally displaced due to drought digs soil to set up a tent at a refugee camp in Herat province, Afghanistan October 14, 2018. REUTERS/Mohammad Ismail/File Photo

March 28, 2019

By Rod Nickel and Abdul Matin Sahak

KABUL/MAZAR-I-SHARIF, Afghanistan (Reuters) – Afghanistan’s summer harvest will be one of the most critical in years, especially of wheat, its biggest cereal crop, as the country recovers from floods and the worst drought in decades, government and aid organization officials say.

Ample snow and rain during winter partly replenished soil moisture and raised hopes for a better wheat crop, which is a food source for rural families who turn their harvested grain into bread. Last year, however, drought displaced hundreds of thousands of people and also forced farmers who stayed in their homes to sell livestock and tools to survive, making recovery a multi-year challenge.

Many farmers were unable to plant crops last year because of parched conditions. [nL4N1U03AW]

Jabbar, 44, a farmer in Balkh province in northern Afghanistan, sold sheep, cows and one camel at discounted prices to buy food for his family of 12. Recent floods washed away some of his land that had been planted with peas and wheat.

“I have a big family so it’s my responsibility to feed them. If it rains or not, it is harmful to us,” he said, referring to the double damage inflicted by drought and flood.

“I hope I can get good results this year.”

Floods in March complicated the recovery. Heavy rains killed at least 63 people and destroyed or damaged more than 12,000 homes, affecting 119,600 people, according to the United Nations’ Office for the Coordination of Humanitarian Affairs (OCHA).

Some 243,000 people remain displaced from last year’s drought in the western provinces of Herat, Badghis and Ghor, according to OCHA. Many have moved to urban areas where they live in tents on public and private lands, creating tensions with landowners.

“If the harvest is OK, that will help communities come out of a terribly bleak period. If it’s not OK, we’ll need a massive injection of food quickly,” said Toby Lanzer, the U.N.’s deputy special representative for Afghanistan.

The winter wheat harvested in June and July will need to help feed displaced people and some 10.6 million people who are struggling to find enough food where they live, Lanzer said.

Farming accounts for one-third of the country’s economy, although only 12 percent of its land is arable.

The wheat crop’s outlook remains uncertain, said Agriculture Minister Nasir Ahmad Durrani, in an interview on March 20. If the temperature warms too rapidly, melting snow could create floods that wipe out ripe crops, he said.

It is also unclear how much wheat farmers were able to plant last autumn, said Rajendra Aryal, the representative in Afghanistan for the U.N.’s Food and Agriculture Organization (FAO).

Many farmers used wheat seed to make bread to survive, rather than save it for planting, Aryal said.

“The people were already poor,” he said. “It will be very difficult if the harvest fails, so I don’t even want to think that way.”

The floods also damaged critical farm infrastructure, such as irrigation canals, reservoirs and wells. The Afghan government is working to repair damaged infrastructure, especially in the provinces of Kandahar and Farah, Durrani said.

Afghanistan produced 3.6 million tonnes of wheat last year, down 25 percent from the five-year average, according to the FAO.

The country dipped into its grain reserve last year for 190,000 tonnes of wheat, leaving just 50,000 tonnes left, Durrani said.

The expected shortfall between supply and demand this year will be made up through wheat imports from countries including Pakistan and Kazakhstan, he said.

Abdul Majid Khan, who coordinates aid related to food security and agriculture for the U.N., said a plan is in place to assist families who return home as the drought abates. It includes food assistance, cash for work and farm supplies, but the plan still requires approval from international donors.

“My biggest concern is delays in funding,” he said. “We can lose the trust of the people.”

A significant number of families should be able to return, as long as it is safe, said Zlatan Milisic, country director for the World Food Programme.

“There are no more resilient people on Earth,” U.N. Representative Lanzer said about Afghans. “But goodness me, it is being tested.”

(Reporting by Rod Nickel in KABUL; additional reporting by Abdul Matin Sahak in MAZAR-I-SHARIF; editing by Christian Schmollinger)

Source: OANN

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How Indonesia’s president has tried to claw back voter support in Muslim heartland

FILE PHOTO: Indonesia's President and presidential candidate for the next election Joko Widodo and his running mate for the upcoming election Ma'ruf Amin gesture as they greet their supporters at a carnival during campaign rally in Tangerang
FILE PHOTO: Indonesia's President and presidential candidate for the next election Joko Widodo and his running mate for the upcoming election Ma'ruf Amin gesture as they greet their supporters at a carnival during campaign rally in Tangerang, Banten province, Indonesia, April 7, 2019. REUTERS/Willy Kurniawan/File Photo

April 12, 2019

By Agustinus Beo Da Costa and Kanupriya Kapoor

GARUT, Indonesia (Reuters) – When Wawan Setiawan, a volunteer for Indonesian President Joko Widodo’s re-election campaign, goes door-to-door in this conservative part of Java, his opening line is: “If you hear he is anti-Islam or a communist, remember, it’s all lies.”

The 41-year-old is one of thousands of volunteers – armed with T-shirts, stickers, pins, and other giveaways – seeking to bolster support for Widodo in the teeming villages of West Java, the most populous province and a key battleground in the April 17 vote in the world’s largest Muslim-majority country.

Widodo’s aides say such mobilizing of grassroots support and canvassing of thousands of Islamic boarding schools in this and other conservative provinces is crucial to prevent a repeat of 2014, when a smear campaign accusing Widodo of being a bad Muslim beholden to Chinese interests nearly cost him the presidency, with the heaviest losses in West Java.

As in 2014, Widodo is running against retired general Prabowo Subianto, whose military background and strong ties with hardline Islamist groups make him a popular choice in West Java, with a voting population of 32.5 million, or about 17 percent of the electorate.

On a national level most opinion surveys give Widodo a double-digit lead, but he trails in West Java, which is known to be among the country’s most conservative regions.

As conservative Islam gains greater traction in Indonesia, many politicians including Widodo have taken pains to appear “more Islamic” to appeal to Muslim voters. The worry for many investors is whether this appeal for conservative votes will translate into populist policy.

Around the hilly city of Garut, which favored Prabowo in 2014, gigantic banners show the president dressed in a peci cap and sarong – traditional garb worn in Islamic boarding schools – saying, “let’s pray”.

To the disappointment of some of his more moderate and progressive supporters, Widodo also picked 76-year-old Islamic cleric Ma’ruf Amin as his running mate – part of a deliberate strategy to enhance his ticket’s appeal among Muslims.

“The one thing that I really like about the Jokowi campaign is that they understand where they failed in 2014,” said Achmad Sukarsono, a senior analyst at Control Risks in Singapore, using the president’s nickname.

“They made a mathematical calculation that Jokowi lost in areas where the Muslim population was above 97 percent,” he said.

FORGING TIES

Religious leaders say Widodo’s most effective strategy has been forging closer ties with Islamic boarding schools – which hold huge cultural and social sway in many parts of Indonesia – and his decision to choose Amin as running mate, a respected Islamic scholar from the country’s biggest moderate Muslim organization, Nahdlatul Ulama.

“The key difference now is Jokowi has systematically shown his appreciation for pesantrens and santri,” said a young cleric, Hilman Uman Basori, using the Indonesian words for Islamic boarding schools and their students.

Basori, who runs nine pesantrens in Garut, said Widodo has visited regularly, channeled funding, and introduced much-needed vocational training programs to complement religious education and allow graduates to find jobs.

“Picking Ma’ruf Amin as vice presidential nominee made the choice final for us…We have mobilized all the resources in our pesantrens to make sure they win,” Basori added.

Aides say Widodo has also sought to appeal to more voters in opposition strongholds by making public appearances with his family and subtly drawing a contrast with his rival Prabowo, who is divorced.

DEEP SUSPICIONS

But not everyone is convinced. West Java, which has a history of bloodshed between Muslims and leftists, remains a stronghold for conservative Islamists who harbor suspicions about Widodo, a moderate Muslim hailing from Central Java whose government has sought to crack down on some hardline groups.

“Jokowi has criminalized clerics and that has been very hurtful for the Muslim public,” said cleric Cecep Abdul Halim.Authorities have launched investigations into prominent Muslim figures on charges of violating pornography laws or defamation. The government also banned the hardline Hizb-ut Tahrir Indonesia group, which advocates a caliphate to replace Indonesia’s secular ideology.

Halim says he also suspects that Widodo, who is the first leader to come from outside Indonesia’s military and political elite, may have links to communist groups – which are illegal in Indonesia – and is allowing “millions” of Chinese workers into the country.

The president has repeatedly denied such claims and urged voters not to be taken in by such falsehoods.

In late 2016, Widodo scrambled to distance himself from a one-time ally, the popular ethnic Chinese, Christian governor of Jakarta who was accused by hardline groups of insulting Islam. As hundreds of thousands of Muslims took to the streets to oust the governor, Basuki Tjahaja Purnama, Widodo sought to reassure Islamists and the broader public that his government was not anti-Islam.

Purnama eventually lost the next election for governorship, was jailed for blasphemy and released earlier this year.

Prabowo’s provincial campaign team say voter dissatisfaction over these issues and Widodo’s performance on the economy are swaying voters.

“We’re not just optimistic, we are sure we will win,” said Yusuf Supriadi, at a campaign post piled high with banners and t-shirts, as well as a poster of Prabowo calling to “Make Indonesia Great Again”.

“MORE ISLAMIC”

Surveys show that although Widodo trails in West Java, his focused campaign has narrowed a gap that in 2014 stood at 20 points. His support rose from 39 percent at the start of the campaign in September to 42 percent last month, while Prabowo’s numbers have slipped from 50 to 47 percent.

“The hardest part has been changing public perception of Jokowi at the very grassroots level,” said Yuda Puja Turnawan, a member of Widodo’s party, the Indonesia Democratic Party of Struggle. “Our volunteers spend most of their time countering hoaxes.”

According to his national campaign manager, Erick Thohir, the president’s choice to reside in the presidential palace in the West Java city of Bogor, rather than in Jakarta, had also boosted his visibility in the region.

Since taking office, Widodo has also made efforts to bring religious parties into his coalition – something analysts say has provided more “tools in his arsenal to approach voters not reached in 2014”.

PANDERING

Liberal supporters of Widodo have criticized him for pandering to conservatives, raising concerns over the erosion of Indonesia’s reputation for religious tolerance and pluralism.

Analysts say Widodo’s overtures to Islamic groups and voters point to a potential populist turn in policymaking if he wins a second term.

“There’s a space opening for Islamic identity politics,” political analyst Sukarsono said.

“What we will have is Jokowi having to accommodate the interests of the majority, the mainstream Muslim groups and the Islamic parties that backed him, in policymaking, so he is likely to become more populist.”

(Additional reporting by Yerica Lai and Ed Davies; Editing by Raju Gopalakrishnan)

Source: OANN

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Police: Colorado man wanted another woman to kill fiancee

A man charged with murder in the death of his missing fiancee tried to convince a woman he was having an affair with to commit the killing, investigators testified Tuesday.

Patrick Frazee was in a Colorado court for a hearing to determine whether he will stand trial in Kelsey Berreth's death. Testimony revealed that police initially found no evidence of foul play inside Berreth's home but later discovered traces of blood belonging to the 29-year-old flight instructor in several places in her bathroom.

The woman has not been found since she disappeared on Thanksgiving Day, Nov. 22.

Authorities had released little information about what led to Frazee's arrest a month later until Tuesday's hearing, which requires prosecutors to convince a judge that their evidence merits a criminal trial.

Testimony on Tuesday still did not reveal prosecutors' theory for a motive why Frazee would kill Berreth or how she died.

Her parents argue in a wrongful death lawsuit filed last week that they believe Frazee wanted full custody of the couple's 1-year-old daughter. The child has remained with them while the criminal case against Frazee proceeds.

The case relies heavily on the cooperation of Krystal Jean Lee Kenney, a 32-year-old woman from Idaho, who has pleaded guilty to helping thwart the investigation by tampering with evidence in the case. She has agreed to testify against Frazee.

Dramatic testimony on Tuesday revealed that Kenney admitted beginning a romantic relationship with Frazee in March 2018. Bureau of Investigation Agent Gregg Slater testified that Kenney told police Frazee claimed that Berreth was abusing the couple's daughter, although Slater said there was no evidence that was true.

Kenney said Frazee suggested multiple ways that she could kill Berreth, including poisoning her coffee or striking her in the head with a metal rod and a baseball bat, Slater said.

Kenney told police she wanted to please Frazee and feared that he would harm her or her family if she did not cooperate. Kenney told police she did not follow through on any of Frazee's plans, Slater said.

Berreth's body has not been found. Investigators initially said she was last seen on surveillance video with the couple's daughter at a grocery store near her home in Woodland Park, a mountain town near Colorado Springs, south of Denver.

Police later found footage on a neighbor's surveillance camera showing Berreth, Frazee and their daughter at the entrance of Berreth's townhome later that afternoon.

Much of prosecutors' evidence hinges on cellphone tower data, suggesting Berreth's phone was in the possession of either Frazee or Kenney after Nov. 22, the date Frazee told police he last saw Berreth.

Frazee, 32, has not entered a plea and has been jailed since his arrest. Prosecutors this week added a charge accusing Frazee of tampering with a deceased body and two charges of committing a crime of violence, which would let the state request a harsher penalty on conviction.

Source: Fox News National

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Indiana ‘spring breakers’ fend off gunman and accomplice in alleged botched robbery attempt: report

Four Indiana pals on spring break in Florida were confronted by a gunman at a gas station early Sunday but managed to grab the gun and tackle the would-be robber to the ground, police say a surveillance video shows.

The alleged robbery attempt took place around 3:45 a.m. in Oakland Park, which is about 4 miles north of Fort Lauderdale, WPLG reported.

The four friends were getting gas when a gunman got out of a car, approached them and demanded money, Broward Sheriff's Office spokeswoman Gina Carter said.

ALABAMA FAMILY DOLLAR STORE CLERK FIGHTS OFF SWORD-WIELDING ROBBERS WITH GUN

The friends jumped into action, with one wrestling the gun out of the would-be robber’s hand while the others tackled him to the ground, police said.

A scuffle ensued and a shirtless man ran up to push the friends off of the gunman, police said. The gunman and his shirtless accomplice then fled the scene.

Kevin Campbell, the gunman’s alleged accomplice on Sunday, faces several charges including robbery with a firearm and resisting an officer.

Kevin Campbell, the gunman’s alleged accomplice on Sunday, faces several charges including robbery with a firearm and resisting an officer.

The gunman’s accomplice, later identified by police as 33-year-old Kevin Campbell, was arrested shortly after the incident, WSVN 7News reported. Campbell faces multiple charges, including armed robbery and resisting another officer, the report said.

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Campbell faced a judge on Monday and is being held on a $10,000 bond. Authorities said the other suspect has not been arrested.

Source: Fox News National

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The Latest: Winter storms swell California snowpack

The Latest on California officials using a spillway at the nation's tallest dam for the first time in two years and surveying mountain snowpack (all times local):

1:20 p.m.

California officials say the Sierra Nevada snowpack is now 162% of average to date, a measurement that determines the outlook for the state's water supplies.

A measurement on a snowy Tuesday at Phillips Station near Lake Tahoe found a snow depth of 106.5 inches (287 centimeters) and a snow water equivalent of 51 inches (129.5 centimeters).

A snow water equivalent is the depth of water that theoretically would result if the entire snowpack melted instantaneously.

Experts say a very wet winter has left California drought-free for the first time since December 2011.

Phillips Station is where then-Gov. Jerry Brown attended a snowpack survey in April 2015 that found a field barren of any measureable snow during a historic drought. He later ordered California residents to use less water.

___

11:20 a.m.

Water is flowing down the rebuilt spillway of the nation's tallest dam for the first time since it crumbled two years ago and threatened to flood California communities.

Live video by the California Department of Parks and Recreation shows a light stream of water flowing down the main spillway Tuesday. It comes as spring storms are expected to swell the lake behind Oroville Dam this week.

Molly White with the state Department of Water Resources says crews may increase how much water is released if needed.

In early 2017, the dam's half-century-old spillway broke apart as it carried heavy flows from storms. That drove nearly 200,000 people from their homes over fears of catastrophic flooding.

Officials say the rebuilt spillway was "designed and constructed using 21st century engineering practices."

___

9:55 a.m.

California officials say they will start letting water out of the nation's tallest dam into the newly-rebuilt spillway Tuesday for the first time in two years.

The spillway crumbled in February 2017 as water was being released, prompting 200,000 downstream residents to flee their homes over fears of catastrophic flooding.

Molly White, principal engineer with the California Department of Water Resources, says crews will start releasing 8,300 cubic feet per second at 11 a.m. Tuesday. She says they may increase the water release to 20,000 cubic feet per second.

White says the water releases may be increased during the week as spring storms continue to feed the enormous reservoir behind Oroville Dam in the foothills of the Sierra Nevada.

___

12:00 a.m.

Water will rush down the main spillway at the nation's tallest dam for the first time since it crumbled in heavy rain two years ago and threatened to flood California communities.

The state Department of Water Resources anticipates releasing water down the spillway at Oroville Dam as early as Tuesday due to stormy weather.

The spring storms follow a very wet winter that coated the mountains with thick snowpack. State experts will coincidentally measure the snowpack Tuesday to determine the outlook for California's water supplies.

In early 2017, the dam's half-century-old spillway broke apart as it carried heavy flows from storms. That drove nearly 200,000 people from their homes over fears of catastrophic flooding.

Rebuilding the massive spillway and other repairs have cost $1.1 billion.

Source: Fox News National

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Raptors sign veteran G Meeks

FILE PHOTO: Los Angeles Lakers Meeks inserts a mouth guard during their NBA game against the New York Knicks in New York
FILE PHOTO: Los Angeles Lakers guard Jodie Meeks inserts a mouth guard during the fourth quarter of their NBA game against the New York Knicks in New York December 13, 2012. REUTERS/Adrees Latif

March 26, 2019

The Toronto Raptors signed veteran guard Jodie Meeks on Tuesday.

Terms were not disclosed. According to multiple reports, the deal is for the remainder of the season.

Meeks, 31, originally signed a 10-day contract with Toronto on Feb. 20 and has appeared in two games, averaging 7.5 points and 2.0 rebounds.

In 533 career games (204 starts) with seven NBA teams, Meeks has averaged 9.3 points, 2.1 rebounds and 1.1 assists.

He was a second-round pick by the Milwaukee Bucks in 2009 and enjoyed his best season in 2013-14 with the Los Angeles Lakers, averaging 15.7 points with 111 steals and 162 3-pointers — all career highs.

–Field Level Media

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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