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Lowe’s misses sales forecasts as Canada business struggles

A view of the sign outside the Lowes store in Westminster
A view of the sign outside the Lowes store in Westminster, Colorado February 26, 2014. REUTERS/Rick Wilking/File Photo

February 27, 2019

(Reuters) – U.S. home improvement chain Lowe’s Companies Inc missed Wall Street forecasts for same-store sales on Wednesday, citing poor performance in Canada.

The results follow disappointing numbers from larger rival Home Depot on Tuesday on the back of a cold and wet winter.

Since taking over in July last year, Lowe’s Chief Executive Marvin Ellison has shrunk its struggling Canadian business to less than 300 stores in efforts to boost earnings.

The moves led Lowe’s to record a pre-tax expense of $150 million during the fourth quarter to account for severance and lease obligation costs.

“We anticipate continued weakness in the Canadian housing market in the near-term, but remain confident in our market position in Canada and the long-term potential of that business,” Ellison said in a statement.

The company maintained its sales and earnings projections for 2019.

Sales at Lowe’s stores open for at least 13 months rose 1.7 percent in the fourth quarter ended Feb. 1, below analysts’ average estimate of a 2.03 percent increase, according to IBES data from Refinitiv.

It reported a net loss of $824 million, compared with a profit of $554 million a year earlier. Lowe’s recorded $1.6 billion in pre-tax charges, reflecting store closures across North America.

Excluding one-time items, the company earned 80 cents per share, 1 cent more than Wall Street analysts had expected.

Net sales overall rose about 1 percent to $15.65 billion, but missed expectations of $15.74 billion.

(Reporting by Nivedita Balu in Bengaluru; Editing by Sai Sachin Ravikumar)

Source: OANN

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Palestinian dies of wounds from Israeli fire at Gaza protest

Gaza's Health Ministry says a Palestinian has died of wounds sustained from Israeli gunfire at protests along the perimeter fence.

The ministry says Sunday that 24-year-old Habib al-Masri was shot in the chest at protests near Beit Hanoun the previous night, and that two others were wounded. Hundreds had gathered for protests in various locations, hurling stones and firebombs toward Israel.

The Israeli military says that in response to the explosives its aircraft targeted two Hamas observation posts in the southern Gaza Strip.

The protests are aimed at breaking a blockade that Israel and Egypt imposed when Hamas seized power in 2007. Over the past year, about 190 Palestinians and an Israeli soldier have been killed in weekly rallies. Two more Palestinians were killed on Friday.

Source: Fox News World

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Trump says he recommended Cain for seat on Fed board

FILE PHOTO: Former Republican presidential hopeful Herman Cain in Washington
FILE PHOTO: Former Republican presidential hopeful Herman Cain in Washington January 24, 2012. REUTERS/Jonathan Ernst/File Photo

April 4, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday he recommended former pizza chain executive and Republican presidential candidate Herman Cain for a seat on the Federal Reserve Board.

Trump told reporters at the White House that Cain is going through checks, and he imagines he will be in good shape.

(Reporting by Jeff Mason; Writing by Doina Chiacu; Editing by Chris Reese)

Source: OANN

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Media Claims Christchurch Shooter Supported Trump, But Manifesto Says “Dear God No”

Several media personalities, celebrities and news outlets are reporting the New Zealand terrorist who killed 49 people at multiple mosques on Friday is a supporter of U.S. President Trump.

Many are focusing on a portion of the shooter’s manifesto where he answers the question, “Were you/are you a supporter of Donald Trump?” by saying, “As a symbol of renewed white identity and common purpose? Sure. As a policy maker and leader? Dear god no.”

The first half of the answer is the only portion being widely reported, while the “Dear god no” statement is being totally ignored.

See the slanted coverage for yourself in the following posts.

CNN’s Chief Political Correspondent Dana Bash and political analyst John Avlon joined in, blaming Trump’s rhetoric for the New Zealand shooting.

CNN host John Berman and Rep. Adam Kinzinger (R-IL) avoided directly blaming President Trump but asked if his campaign rhetoric influenced the shooter.

The White House responded to those connecting Trump to the shooter with White House director of strategic communications Mercedes Schlapp, saying, “It’s outrageous to even make that connection between this deranged individual that committed this evil crime to the president, who had repeatedly condemned bigotry, racism, and has made it very clear that this is a terrorist attack.”

Alex Jones is live with up-to-date coverage of the attack.

Read the full manifesto below:

Watch Jon Bowne’s epic report exposing the true beleifs of the shooter below:

Source: InfoWars

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The bump stock ban is just days away; what will owners do?

Bump stocks — the attachment used by the killer during the 2017 Las Vegas massacre to make his weapons fire rapidly like machine guns — will become illegal in the U.S. next week.

It's the only major gun restriction imposed by the federal government in the past few years.

Owners of the devices are anxiously watching the legal wrangling and wondering what to do. Their options are to destroy the devices, turn them over to federal authorities or risk getting caught and face a felony.

Federal authorities have estimated there may be as many as 500,000 in circulation.

Source: Fox News National

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Marines ID 2 pilots killed in Arizona helicopter crash

U.S. Marine Corps officials identified the pilots who died in a helicopter crash during a training mission in southwestern Arizona as Maj. Matthew M. Wiegand, 34, of Ambler, Pennsylvania, and Capt. Travis W. Brannon, 30, of Nashville, Tennessee.

They said the AH-1Z Viper crashed about 8:45 p.m. Saturday on the vast Marine Corps Air Station Yuma training grounds while the pilots were conducting a training mission as part of a weapons and tactical instructor course.

Officials said Wiegand held qualifications in the AH-1Z Viper and AH-1W Super Cobra and Brannon was attending the semi-annual weapons and tactics instructor course hosted by the Yuma base.

“It is a somber day for the entire Marine Air Ground Task Force Training Command as we mourn this tremendous loss,” Brig. Gen. Roger B. Turner Jr., a commanding general at the base in Twentynine Palms, California.

U.S. MARINES TEST DISPOSABLE DRONE

Wiegand, who joined the Marines in 2008, was assigned to the Marine Aviation Weapons and Tactics Squadron One in Yuma. His previous duty stations included the Naval Air Station in Pensacola, Florida; the Marine Corps Base Camp in Pendleton, California; and the Marine Corps Air Station in Yuma.

Marine officials said Wiegand previously deployed in support of a Unit Deployment Program in Okinawa, Japan, and his personal decorations included the Navy and Marine Corps Achievement Medal with a gold star.

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Brannon was assigned to the Marine Light Attack Helicopter Squadron 367, Marine Aircraft Group 24, 1st Marine Aircraft Wing, in Kaneohe Bay, Hawaii.

His previous duty stations included the Naval Air Station in Pensacola, the Marine Corps Base Camp in Pendleton, and the Marine Corps Air Station in Kaneohe Bay.

Brannon also participated in Marine Rotational Force Darwin in Northern Territory, Australia, and his personal decorations included the Global War on Terrorism Service Medal and Sea Service Deployment Ribbon.

Fox News' Lucas Tomlinson and The Associated Press contributed to this report.

Source: Fox News National

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Tommy Robinson – ‘I’m Going to Stand for Parliament’

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Source: InfoWars

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Alex Jones – Info Wars

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FILE PHOTO: Chevron's Michael Wirth speaks at Gastech, the world's biggest expo for the gas industry, in Chiba
FILE PHOTO: Chevron’s Michael Wirth speaks at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai

April 26, 2019

HOUSTON (Reuters) – Chevron Corp on Friday pushed back at the potential for a rival to break up its $33 billion deal for Anadarko Petroleum Corp, saying the two companies had already begun meetings on a merger plan.

Occidental Petroleum on Thursday sought to scuttle the proposed deal, submitting a higher, $38 billion cash-and-stock offer for Anadarko. Anadarko’s board said on Thursday it would evaluate the new proposal.

“I’ll just remind everyone that we’ve got a signed deal that has been approved by both boards and we’ve moving forward with integration planning,” said Chevron Chief Executive Michael Wirth on a conference call with analysts. He said a “sizeable” group of employees had already met.

Wirth declined to say whether Chevron would raise its offer in light of Occidental’s higher bid. Chevron has the ability revise the structure of its 75 percent stock, 25 percent cash bid, Chevron finance chief Pierre Breber said on the same call. “We could put more cash in if that’s what Anadarko wanted to do,” he said.

(Reporting by Gary McWilliams; Editing by James Dalgleish)

Source: OANN

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FILE PHOTO: Naqvi Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the WEF in Davos
FILE PHOTO: Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich/File Photo

April 26, 2019

By Tom Arnold

LONDON (Reuters) – A London court case to extradite Arif Naqvi, founder of collapsed private equity firm Abraaj Group, to the United States on fraud charges was adjourned until May 24, a court official said on Friday.

Naqvi was remanded in custody until that date, the official said. A former managing partner of Dubai-based Abraaj, Sev Vettivetpillai, was released on conditional bail to appear again at Westminster Magistrates Court on June 12, the official said.

Under the U.S. charges, both men are accused of defrauding U.S. investors by inflating positions held by Abraaj in order to attract greater funds from them, causing them financial loss, the official said.

Vettivetpillai could not be reached for a comment.

Naqvi, in a statement released through a PR firm, has pleaded innocent.

The U.S. Securities and Exchange Commission alleges that Naqvi and his firm raised money for the Abraaj Growth Markets Health Fund, collecting more than $100 million over three years from U.S.-based charitable organizations and other U.S. investors.

Naqvi and Vettivetpillai were arrested in Britain earlier this month. Another executive, Mustafa Abdel-Wadood was arrested at a New York hotel, Assistant U.S. Attorney Andrea Griswold said at a hearing in Manhattan federal court on April 11.

Abdel-Wadood appeared at the Manhattan hearing and pleaded not guilty to securities fraud, wire fraud and conspiracy charges.

(Editing by Jane Merriman)

Source: OANN

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Former Vice President Joe Biden announces his 2020 candidacy
Former U.S. Vice President Joe Biden announces his candidacy for the Democratic presidential nomination in this still image taken from a video released April 25, 2019. BIDEN CAMPAIGN HANDOUT via REUTERS ATTENTION EDITORS – THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES

April 26, 2019

By James Oliphant

WASHINGTON (Reuters) – Former U.S. Vice President Joe Biden, in his first interview as a Democratic presidential candidate, said on Friday that he does not believe he treated law professor Anita Hill badly during the 1991 confirmation hearings for Supreme Court Justice Clarence Thomas.

Biden had joined the burgeoning 2020 Democratic field a day earlier.

Biden’s conduct during those hearings, when he was chairman of the U.S. Senate Judiciary Committee, became a renewed subject of controversy after the New York Times reported that Biden had called Hill earlier this month in the run-up to his presidential bid and that Hill was dissatisfied with Biden’s expression of regret.

Appearing on ABC’s “The View,” Biden largely defended his actions as a senator almost 30 years ago, saying he believed Hill’s allegations of sexual harassment levied at Thomas and tried to derail his confirmation.

Activists have long been unhappy that Hill was questioned in graphic detail by the all-white, all-male committee chaired by Biden.

“I’m sorry she was treated the way she was treated,” Biden said, but later, he asserted, “I don’t think I treated her badly. … How do you stop people from asking inflammatory questions?”

“There were a lot of mistakes made across the board and for those I apologize,” he said.

Biden praised Hill as “remarkable” and said she is “one of the reasons we have the #MeToo movement.”

Asked why he had not reached out to Hill earlier, Biden said he had previously publicly stated he had regrets about her treatment and that he “didn’t want to quote invade her space.”

That seemed to be a reference to another controversy that looms over Biden’s presidential run: allegations by several women that he made them uncomfortable by touching them at political events.

Biden also addressed that criticism, saying he was now more “cognizant” about a woman’s “private space.” But he maintained that he had been “trying to bring solace.”

He suggested he was still trying to sort out the guidelines for his conduct going forward.

“I should be able to read better,” he said. “I have to be more careful.”

Pressed by the show’s panel for an apology to his accusers, Biden would not entirely capitulate.

“So, I invaded your space,” he replied. “I mean, I’m sorry this happened. But I’m not sorry in a sense that I think I did anything that was intentionally designed to do anything wrong or be inappropriate.”

Biden, 76, served as former President Barack Obama’s vice president for two terms. He is competing with 19 others for the Democratic presidential nomination and the chance to likely face President Donald Trump next year in the general election.

His first public event as a presidential candidate is scheduled for Monday in Pittsburgh.

(Reporting by James Oliphant; editing by Jonathan Oatis)

Source: OANN

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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 26, 2019

By Noel Randewich

SAN FRANCISCO (Reuters) – Tesla Inc’s stock slumped over 4% on Friday to its lowest price in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors.

With investors betting Tesla will soon raise capital, the stock has fallen 13% for the week to its lowest level since January 2017, before the launch of the Model 3 sedan aimed at making the electric car maker profitable.

One positive development for Tesla: a U.S. District Court judge on Friday granted a request by Musk and the Securities and Exchange Commission for a second extension to resolve a dispute over Musk’s use of Twitter.

On Wednesday, Tesla posted a worse-than-expected loss of $702 million for the March quarter. Musk said Tesla would return to profit in the third quarter and that there was “some merit” to raising capital.

Musk is still battling to convince investors that demand for the Model 3, the company’s first car aimed at the mass consumer market, is “insanely” high, and that it can be delivered efficiently to customers around the world.

Tesla ended its first quarter with $2.2 billion, down from $3.7 billion in the prior quarter, and the company is planning expansions including a Shanghai factory, an upcoming Model Y SUV, and other projects.

(GRAPHIC: Tesla’s cash – https://tmsnrt.rs/2DyJjX6)

On Monday, Musk hosted a self-driving event, where he predicted Tesla would have over a million autonomous vehicles by next year. Some analysts perceived the presentation as a way to deflect attention from questions about demand, margin pressure, increasing competition and even Musk’s ongoing battle with U.S. regulators.

Tesla’s stock has now fallen 29 percent in 2019 and the company’s market capitalization has declined to $41 billion from $63 billion in mid-December.

(GRAPHIC: Tesla’s declining market cap – https://tmsnrt.rs/2Dwd62r)

Analysts now expect Tesla’s revenue to expand 19% in 2019, compared with 83% growth in 2018 and 68% growth in 2017, according to Refinitiv.

Following Tesla’s quarterly report, 12 analysts recommend selling the stock, while 11 recommend buying and eight are neutral. The median analyst price target is $275, up 16% from the stock’s current price of $236. Berenberg analyst Alexander Haissl has the most optimistic price target, at $500, while Cowen and Company’s Jeffrey Osborne has the lowest, at $160, according to Refinitiv.

(Reporting by Noel Randewich; editing by Jonathan Oatis)

Source: OANN

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Former CIA Director John Brennan pushed back Friday on President Trump’s charge that he knew about or participated in an attempt to overthrow the American government.

“I don’t think it’s surprising at all that we continue to hear the sociopathic ramblings of Mr. Trump claiming that there was this effort to try to prevent him from being elected or to unseat him,” he told MSNBC’s Hallie Jackson.

Brennan was reacting to comments Trump made during an interview with Sean Hannity on Thursday night.

Trump specifically criticized Brennan, along with former Director of National Intelligence James Clapper, former FBI Director James Comey, and former Deputy FBI Director Andrew McCabe, in the fiery interview.

ROSENSTEIN SLAMS OBAMA ADMINISTRATION FOR CHOOSING ‘NOT TO PUBLICIZE FULL STORY’ OF RUSSIA HACKING

His comments followed the release of Special Counsel Robert Mueller‘s report which stopped short of accusing the president of either obstruction of justice or collusion with Russia.

Brennan added he welcomed further investigation into his and other officials’ conduct while they served in government. “I’ve testified in front of Congress … Absolutely, I’ll do it again,” he said.

Brennan also disputed Sen. Rand Paul’s, R-Ky., claim that he “insisted that the unverified and fake Steele dossier be included in the Intelligence Report.”

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Journalist Bob Woodward similarly promoted the idea that the CIA pushed to include the Steele dossier in the intelligence community assessment surrounding Russian election interference.

“That’s absolutely incorrect and 180 degrees from the truth. It was CIA that was pushing not to have it included and not to be taken into account at all in that intelligence community assessment.

Source: Fox News Politics

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