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Immigration court grants bond to 2 bankers wanted in Ecuador

A U.S. immigration court has granted bond to two brothers from Ecuador wanted in the South American country for allegedly stealing millions of dollars from a now-defunct bank.

William and Roberto Isaias had been detained pending deportation since Feb. 13, after their arrests in Miami by U.S. Immigration and Customs Enforcement. Their attorney, Michael Tein, said they would be released later Friday.

Ecuador's government has sought the brothers' extradition for years, but it was not clear what prompted their arrests last month.

The bank, Filanbanco, was the largest in Ecuador, and its failure in the late 1990s contributed to an economic collapse. The brothers were charged with embezzlement but fled the country before they could be arrested. They were found guilty in absentia and sentenced to eight years in prison in 2012.

Source: Fox News National

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Tesla junk bond spreads widens to a record after big loss

FILE PHOTO: The logo of Tesla is seen in Taipei
FILE PHOTO: The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu/File Photo

April 25, 2019

(Reuters) – Investors are demanding a record risk premium for holding Tesla Inc’s $1.8 billion junk bond after the electric car maker posted a $700 million first-quarter loss and signaled it may be in the market for more capital soon.

The price on Tesla’s 5.3% note due August 2025 slipped, nudging its yield to the highest in about six months at 8.51% in European trading.

Its spread, the measure of the premium in yield investors demand for the added risk of holding a bond from Tesla – rated six notches below investment grade by Standard & Poor’s and Moody’s – rather than a safer U.S. Treasury security, widened by 3 basis points to a record 618 basis points.

By comparison, the spread on an average high-yield bond is 373 basis points, according to ICE BAML Index data, and for comparably rated “B-” issuers it is 402 basis points.

(Reporting By Dan Burns)

Source: OANN

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California mom, daughter chases down, wrestles burglary suspect: report

Talk about picking the wrong house.

Authorities in Granite Bay, Calif., on Sunday said a mother and daughter duo chased down a burglary suspect and wrestled him after they drove up to their home and saw that it had been ransacked, reports said.

Julie Rux told Fox 5 San Diego that she did not think twice about giving him chase, but admitted it “was probably not the smartest thing to do” after police told her he was armed at the time with a.38 he lifted from her home.

WOMAN ALLEGEDLY SETS ATM ON FIRE AFTER BEING CHARGED BY BANK

The suspect was identified as Richard Holesapple, who police said managed to escape the mother-daughter duo. He was arrested hours later in the area, the report said. Authorities said he left his backpack at her home and the backpack had an ID.

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He was booked on burglary and other charges and his bail was set at $615,000.

Source: Fox News National

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Exclusive: Japan Display to supply OLED screens for Apple Watch – sources

Japan Display Inc's logo is pictured at its headquarters in Tokyo
Japan Display Inc's logo is pictured at its headquarters in Tokyo, Japan, August 9, 2016. REUTERS/Kim Kyung-Hoon/File Photo

April 3, 2019

TOKYO (Reuters) – Japan Display Inc will begin to supply organic light-emitting diode (OLED) screens for the Apple Watch later this year, two sources said, a breakthrough for the cash-strapped company whose late shift to OLED has cost it orders from Apple.

The supply deal would mark Japan Display’s foray into the OLED display market, the two sources familiar with the matter said, declining to be identified because they are not authorized to speak to the media.

Japan Display’s mainstay liquid crystal display (LCD) business has been slumping due to Apple Inc’s recent shift away from LCD, and disappointing sales of the iPhone XR, the only LCD model in Apple’s 2018 line-up.

The OLED display market is dominated by Samsung Electronics unit Samsung Display and LG Display. The newer, OLED technology are generally thinner and allow more flexibility than LCD screens.

(Reporting by Makiko Yamazaki and Yoshiyasu Shida; Editing by David Dolan)

Source: OANN

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MLB roundup: Harper tossed as Mets beat Phillies

MLB: Philadelphia Phillies at New York Mets
Apr 22, 2019; New York City, NY, USA; New York Mets starting pitcher Steven Matz (32) pitches against the Philadelphia Phillies during the first inning at Citi Field. Mandatory Credit: Andy Marlin-USA TODAY Sports

April 23, 2019

Jeff McNeil had two hits, including a solo home run, to lift the host New York Mets past the Philadelphia Phillies 5-1 on Monday in a game that saw Phillies right fielder Bryce Harper get ejected while arguing from the dugout.

Mets starter Steven Matz (2-1) was effective, allowing three hits and one run in six innings. He struck out six and walked two. It was a completely different outcome from his last start against the Phillies in which he faced eight batters and failed to record an out on April 16.

Rhys Hoskins ripped a solo homer for the Phillies. Cesar Hernandez had Philadelphia’s only other two hits in the game, as the Phillies failed to support starter Jake Arrieta (3-2). The right-hander threw six-plus innings and gave up seven hits and four runs (three earned). He fanned seven and walked one.

In a bizarre circumstance, Harper was tossed with two outs in the fourth. After a questionable called strike to Hernandez, plate umpire Mark Carlson motioned to the dugout and ejected Harper for arguing balls and strikes. Harper had reached base in all of his previous 21 games with the Phillies before going 0-for-2 with two strikeouts and being ejected.

Rockies 7, Nationals 5

Nolan Arenado homered and finished with three hits — including the 1,000th of his career — while Mark Reynolds and Raimel Tapia also went deep to lead Colorado past Washington in Denver.

Trevor Story had two hits and Seunghwan Oh (1-0) pitched an inning of relief for the victory. Colorado has won seven of its past eight following an eight-game losing streak. Wade Davis pitched the ninth inning for his second save.

Arenado’s milestone hit came leading off the seventh inning, when he hit his fourth home run of the season off reliever Wander Suero (1-2) to make it 6-5. Brian Dozier homered, and Howie Kendrick drove in two for the Nationals.

Cardinals 13, Brewers 5

Dexter Fowler matched his career high with four hits, drove in four runs and scored three to help St. Louis throttle visiting Milwaukee in the opener of the three-game series.

Paul Goldschmidt had three hits and three RBIs, and Jose Martinez, Paul DeJong and Matt Carpenter contributed two hits each for St. Louis, which blew the game open with seven runs in the seventh inning.

Cardinals right-hander Jack Flaherty (2-1) made his third start of the season against the Brewers and delivered his longest outing, going six innings and giving up four runs and three hits, all homers. He struck out a season-high 10 and walked one. Milwaukee’s Adrian Houser (0-1), making his first major league start, went four-plus innings and gave up five runs on nine hits.

Twins 9, Astros 5

Jorge Polanco recorded his second four-hit game of the season, and he belted a two-run, two-out homer in the eighth inning to carry Minnesota to victory in the opener of a three-game series in Houston.

The Twins, winners of five of their past six, scored two in the first and another run in the second — Jason Castro’s first home run of the season leading off the frame — off Brad Peacock (2-1). Minnesota’s Jake Odorizzi (2-2) limited the Astros to two runs on eight hits over 5 2/3 innings, striking out two without walking a batter.

Houston trailed 7-1 before getting a solo homer from Michael Brantley in the sixth inning and a three-run blast from Carlos Correa in the seventh, but like Sunday night (when Houston rallied from a nine-run deficit and loaded the bases with two outs in the ninth inning before falling 11-10), the Astros couldn’t complete the comeback.

Rays 6, Royals 3

Tampa Bay hit for the cycle in the bottom of the seventh, scoring three runs to emerge with a win over visiting Kansas City. Mike Zunino hit a 425-foot, two-run home run to dead center for the key hit in the inning.

Wilmer Font (1-0) recorded the final out of the seventh and picked up the victory for the Rays, who snapped a four-game losing streak. Emilio Pagan pitched the ninth to record up his first major league save.

Brad Keller (2-2) took the loss for the Royals, who dropped their fourth in a row. He had not surrendered more than three earned runs in any of his first five starts, but he gave up five runs on seven hits in 6 1/3 innings.

Diamondbacks 12, Pirates 4

David Peralta smacked a three-run triple and Christian Walker added a two-run homer during a seven-run seventh inning as Arizona clobbered host Pittsburgh.

Pirates starter Joe Musgrove, who had allowed two earned runs this season, was charged with three runs and five hits in six-plus innings. He struck out five and walked two. Kyle Crick (0-1) took the loss after giving up four runs in two-thirds of an inning.

Eduardo Escobar homered and drove in three runs, and John Ryan Murphy added three hits for Arizona, which has won six of its past eight games. Diamondbacks starter Zack Godley gave up four runs and seven hits in four innings, but Matt Andriese (3-1) got the win with two scoreless innings of relief.

White Sox 12, Orioles 2

Jose Abreu hit his 150th career home run and drove in five runs while James McCann hit a homer and had four RBIs as Chicago scored a season high in runs to win at Baltimore.

Orioles starter David Hess (1-4) kept the White Sox quiet in the first four innings, but homers have troubled him this season, and it happened again in this game. With the game scoreless, Tim Anderson started the fifth with a double and Nicky Delmonico walked. McCann then crushed a three-run shot to left-center — the eighth surrendered by Hess.

Manny Banuelos made his first start this season for Chicago — his first major league start since September 2015 — and scattered five hits in four shutout innings. Jace Fry (1-0) got the victory in relief.

Tigers at Red Sox, ppd.

Detroit’s scheduled game at Boston was rained out and will be made up as part of a day-night doubleheader Tuesday.

–Field Level Media

Source: OANN

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At Easter vigil, Pope Francis urges resistance to ‘glitter of wealth’

At an Easter vigil in St. Peter’s Basilica, Pope Francis on Saturday encouraged people to resist cynicism or pursuing the “glitter of wealth,” and to avoid seeking life’s meaning in “things that pass away.”

“Do not bury hope!” Francis exclaimed, after noting that when things go badly, “we lose heart and come to believe that death is stronger than life.”

“We become cynical, negative and despondent,” Francis added.

TRUMP SAYS HE HAD WONDERFUL CONVERSATION WITH POPE FRANCIS, OFFERED HELP AFTER NOTRE DAME FIRE

For Christians, Easter is a day of joy and hope, as they mark their belief that Jesus triumphed over death by resurrection following the crucifixion.

“Sin seduces; it promises things easy and quick, prosperity and success, but leaves behind only solitude and death,” the pope said. “Sin is looking for life among the dead, for the meaning of life in things that pass away.”

Encouraging the faithful, Francis said, “Why not prefer Jesus, the true light, to the glitter of wealth, career, pride and pleasure?”

At the start of the ceremony on Easter’s eve, Francis, dressed in white robes, slowly carried a lit candle up the aisle of a darkened St. Peter’s Basilica. At the chant in Latin for “light of Christ, the basilica’s lights were suddenly switched on in a dramatic tradition.

POPE FRANCIS TAKES THINLY VEILED SWIPE AT TRUMP, CALLS OUT LEADERS WHO WANT WALLS

Among those in the basilica were eight adults who were baptized by the pope during the Mass. The Vatican said these new faithful are from Italy, Albania, Ecuador, Indonesia and Peru. From a shell-shaped silver dish, Francis poured holy water over the bowed heads of the three men and five women, after they walked up to him, one by one, and listened to him calling their first names.

The Associated Press contributed to this report.

Source: Fox News World

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45 Battles UN Offensive, Plus Alex Jones’ Lawyer Tells All

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FILE PHOTO - Otto Frederick Warmbier is taken to North Korea's top court in Pyongyang North Korea
FILE PHOTO – Otto Frederick Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Mandatory credit REUTERS/Kyodo/File Photo

April 26, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said the United States did not pay any money to North Korea as it sought the release of comatose American student Otto Warmbier.

The Washington Post reported on Thursday that Trump had approved payment of a $2 million bill from North Korea to cover its care of the college student, who died shortly after he was returned to the United States after 17 months in a North Korean prison.

(Reporting by Makini Brice and Susan Heavey)

Source: OANN

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Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London
Members of The Cranberries, bassist Mike Hogan, drummer Fergal Lawler and guitarist Noel Hogan speak to Reuters during an interview in London, Britain, April 24, 2019. REUTERS/Gerhard Mey

April 26, 2019

By Hanna Rantala

LONDON (Reuters) – Irish rockers The Cranberries are saying goodbye with their final album released on Friday, a poignant tribute to lead singer Dolores O’Riordan who died last year.

“In the End” is the eighth studio album from the band that rose to fame in the early 1990s with hits likes “Zombie” and “Linger”, and includes the final recordings by O’Riordan, who drowned in a London hotel bath in January 2018 due to alcohol intoxication.

Work on the album began during a 2017 tour and by that winter, O’Riordan and guitarist Neil Hogan had penned and demoed 11 tracks.

With O’Riordan’s vocals recorded, Hogan, bassist Mike Hogan and drummer Fergal Lawler completed the album in tribute to her.

“When we realized how strong the songs were, that was the deciding factor really… There was no point… trying to ruin the legacy of the band,” Noel Hogan said in an interview.

“It was obvious that Dolores wanted this album done because when you hear the album, you hear the songs and how strong they are, and she was very, very excited to get in and record this.”

The Cranberries formed in Limerick in 1989 with another singer. O’Riordan replaced him a year later and the group went on to become Ireland’s best-selling rock band after U2, selling more than 40 million records.

O’Riordan, known for her strong distinctive voice singing about relationships or political violence, was 46 when she died.

“She was actually in quite a good place mentally. She was feeling quite content and strong and looking forward to a new phase of her life,” Lawler said.

“A lot of the lyrics in this album are about things ending… people might read into it differently but it was a phase of her personal life that she was talking about.”

The group previously announced their intention to split after the release of “In The End”.

“We are absolutely gutted we can’t play (the songs) live because that’s something that’s been a massive part of this band from day one,” Noel Hogan said.

“A few people have said to us about maybe even doing a one off where you have different vocalists… as kind of guests of ours. A year ago that’s definitely something we weren’t going to entertain but I don’t know, I think it’s something we need to go away and take time off for the summer and have a think about.”

Critics have generally given positive reviews of the album; NME described it as “(seeing) the band’s career go full-circle” while the Irish Times called it “an unexpected late career high and a remarkable swan song for O’Riordan”.

Their early songs still play on the radio. This week, “Dreams” was performed at the funeral of journalist Lyra McKee, who was shot dead in Londonderry last week as she watched Irish nationalist youths attack police following a raid.

“We wrote them as kids, as a hobby and 30 years later they are on radio and on TV, like all the time… That’s far more than any of us ever thought we would have,” Noel Hogan said.

“That would make Dolores really happy because she was very precious about those songs. Her babies, she called them and to have that hopefully long after we’re gone… that’s all any band can wish for.”

(Reporting by Hanna Rantala; additoinal reporting by Marie-Louise Gumuchian; Writing by Marie-Louise Gumuchian; Editing by Susan Fenton)

Source: OANN

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2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston
2020 Democratic presidential candidate Elizabeth Warren participates in the She the People Presidential Forum in Houston, Texas, U.S. April 24, 2019. REUTERS/Loren Elliott

April 26, 2019

By Joshua Schneyer and M.B. Pell

NEW YORK (Reuters) – Senator Elizabeth Warren will introduce a bill Friday that offers new protections for U.S. military families facing unsafe housing, following a series of Reuters reports revealing squalid conditions in privately managed base homes.

The Reuters reports and later Congressional hearings detailed widespread hazards including lead paint exposure, vermin infestations, collapsing ceilings, mold and maintenance lapses in privatized base housing communities that serve some 700,000 U.S. military family members.

(View Warren’s military housing bill here. https://tmsnrt.rs/2Dy5aht)

(Read Reuters’ Ambushed at Home series on military housing here. https://www.reuters.com/investigates/section/usa-military)

The Massachusetts Democrat’s bill would mandate both regular and unannounced spot inspections of base homes by certified, independent inspectors, holding landlords accountable for quickly fixing hazards. The military’s privatization program for years allowed real estate firms to operate base housing with scant oversight, Reuters found, leaving some tenants in unsafe homes with little recourse against landlords.

The bill would also require the Department of Defense and its private housing operators to publish reports annually detailing housing conditions, tenant complaints, maintenance response times and the financial incentives companies receive at each base. The provisions aim to enhance transparency of housing deals whose finances and operations the military had allowed to remain largely confidential under a privatization program since the late 1990s.

The measure would also require private landlords to cover moving costs for at-risk families, and healthcare costs for people with medical conditions resulting from unsafe base housing, ensuring they receive continuing coverage even after they leave the homes or the military.

“This bill will eliminate the kind of corner-cutting and neglect the Defense Department should never have let these private housing partners get away with in the first place,” Warren said in a statement Friday.

The proposed legislation comes after February Senate hearings where Warren, a member of the Senate Armed Services Committee who is seeking the Democratic nomination for the 2020 U.S. presidential election, slammed private real estate firms for endangering service families, and sought answers about why military branches weren’t providing more oversight.

Her legislation would direct the Defense Department to allow local housing code enforcers onto federal bases, following concerns they were sometimes denied access. Warren’s office said a companion bill in the House of Representatives would be introduced by Rep. Deb Haaland, Democrat of New Mexico.

In response to the housing crisis, military branches are developing a tenant bill of rights and hiring hundreds of new housing staff. The branches recently dispatched commanders to survey base housing worldwide for safety hazards, resulting in thousands of work orders and hundreds of tenants being moved. The Defense Department has pledged to renegotiate its 50-year contracts with private real estate firms.

Congress has been quick to take its own measures. Earlier legislation proposed by senators Dianne Feinstein and Kamala Harris of California, along with Mark Warner and Tim Kaine of Virginia, would compel base commanders to withhold rent payments and incentive fees from the private ventures if they allow home hazards to persist.

(Editing by Ronnie Greene)

Source: OANN

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FILE PHOTO: Offices of Deloitte are seen in London
FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo

April 26, 2019

By Noor Zainab Hussain and Tanishaa Nadkar

(Reuters) – Deloitte quit as Ferrexpo’s auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner’s CEO controlled a charity being investigated over its use of company donations.

Blooming Land, which coordinates Ferrexpo’s Corporate Social Responsibility (CSR) program, came under scrutiny after auditors found holes in the charity’s statements.

Ferrexpo on Tuesday said findings of an ongoing independent investigation launched in February indicated some Blooming Land funds could have been “misappropriated”. It did not provide any details or publish its findings.

Shares in Ferrexpo, the third largest exporter of pellets to the global steel industry, were 23.4 percent lower at 206.1 pence at 1022 GMT following news of Deloitte’s resignation.

“Ferrexpo’s shares are deeply discounted vs peers … following the resignation of Deloitte, we expect downside risks to dominate Ferrexpo’s shares near term.” JP Morgan analyst Dominic O’Kane said in a note on Friday.

Swiss-headquartered Ferrexpo did not provide a reason for the resignation of Deloitte, which declined to comment, while Blooming Land did not respond to a request for comment.

Funding for Blooming Land’s CSR activities is provided by one of Ferrexpo’s units in Ukraine and Khimreaktiv LLC, an entity ultimately controlled by Ferrexpo’s CEO and majority owner Kostyantin Zhevago, Ferrexpo said on Tuesday.

Ferrexpo’s board has found that Zhevago did not have significant influence or control over the charity, but Deloitte said it was unable reach a conclusion on this.

Reuters was not immediately able to contact Zhevago.

In a qualified opinion, a statement addressing an incomplete audit, Deloitte said it had been unable to conclude whether $33.5 million of CSR donations to Blooming Land between 2017 and 2018 was used for “legitimate business payments for charitable purposes”.

Deloitte said on Tuesday that total CSR payments made to Blooming Land by Ferrexpo since 2013 total about $110 million.

Ferrexpo, whose major mines are in Ukraine, has said that the investigation was ongoing and new evidence pointed to potential discrepancies.

Zhevago, 45, who ranked 1,511 on Forbes magazine’s list of billionaires for 2019 with a net worth of $1.4 billion, owns the FC Vorskla soccer club and has been a member of Ukraine’s parliament since 1998.

(Reporting by Noor Zainab Hussain and Tanishaa Nadkar in Bengaluru and additional reporting by Pavel Polityuk in Kiev; editing by Gopakumar Warrier, Bernard Orr)

Source: OANN

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Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba
Children walk past a damaged building in the aftermath of the Cyclone Kenneth in Pemba, Mozambique April 26, 2019 in this still image obtained from social media. SolidarMed via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES

April 26, 2019

By Emma Rumney and Stephen Eisenhammer

JOHANNESBURG/LUANDA (Reuters) – Cyclone Kenneth killed at least one person and left a trail of destruction in northern Mozambique, destroying houses, ripping up trees and knocking out power, authorities said on Friday.

The cyclone brought storm surges and wind gusts of up to 280 km per hour (174 mph) when it made landfall on Thursday evening, after killing three people in the island nation of Comoros.

It was the most powerful storm on record to hit Mozambique’s northern coast and came just six weeks after Cyclone Idai battered the impoverished nation, causing devastating floods and killing more than 1,000 people across a swathe of southern Africa.

The World Food Programme warned that Kenneth could dump as much as 600 millimeters of rain on the region over the next 10 days – twice that brought by Cyclone Idai.

One woman in the port town of Pemba died after being hit by a falling tree, the Emergency Operations Committee for Cabo Delgado (COE) said in a statement, while another person was injured.

In rural areas outside Pemba, many homes are made of mud. In the main town on the island of Ibo, 90 percent of the houses were destroyed, officials said. Around 15,000 people were out in the open or in “overcrowded” shelters and there was a need for tents, food and water, they said.

There were also reports of a large number of homes and some infrastructure destroyed in Macomia district, a mainland district adjacent to Ibo.

A local group, the Friends of Pemba Association, had earlier reported that they could not reach people in Muidumbe, a district further inland.

Mark Lowcock, United Nations under-secretary-general for humanitarian affairs, warned the storm could require another major humanitarian operation in Mozambique.

“Cyclone Kenneth marks the first time two cyclones have made landfall in Mozambique during the same season, further stressing the government’s limited resources,” he said in a statement.

FLOOD WARNINGS

Shaquila Alberto, owner of the beach-front Messano Flower Lodge in Macomia, said there were many fallen trees there, and in rural areas people’s homes had been damaged. Some areas of nearby Pemba had no power.

“Even my workers, they said the roof and all the things fell down,” she said by phone.

Further south, in Pemba, Elton Ernesto, a receptionist at Raphael’s Hotel, said there were fallen trees but not too much damage. The hotel had power and water, he said, while phones rang in the background. “The rain has stopped,” he added.

However Michael Charles, an official for the International Federation of the Red Cross and Red Crescent Societies (IFRC), said heavy rains over the next few days were likely to bring a “second wave of destruction” in the form of flooding.

“The houses are not all solid, and the topography is very sandy,” Charles said.

In the days after Cyclone Idai, heavy inland rains prompted rivers to burst their banks, submerging entire villages, cutting areas off from aid and ruining crops. There were concerns the same could happen again in northern Mozambique.

Before Kenneth hit, the government and aid workers moved around 30,000 people to safer buildings such as schools, however authorities said that around 680,000 people were in the path of the storm.

(Reporting by Emma Rumney and Stephen Eisenhammer; Writing by Emma Rumney; Editing by Janet Lawrence and Alexandra Zavis)

Source: OANN

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