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Official: Jayme Closs’ kidnapper not cooperating on sentence

Authorities say a Wisconsin man who pleaded guilty to kidnapping 13-year-old Jayme Closs and killing her parents is refusing to cooperate in his presentence investigation.

The Green Bay Press-Gazette reports that a probation and parole agent filed a one-paragraph letter Monday telling a Barron County Circuit Court judge that Jake Patterson stated he was advised by his lawyer not to cooperate.

Agent Jennifer Sem's letter said she plans to complete the investigation "with whatever information I am able to obtain."

Patterson pleaded guilty last month in the October crime at the Closs home near Barron, about 90 miles (145 kilometers) northeast of Minneapolis.

Sentencing is scheduled for May 24. Patterson faces up to life in prison for the killings and up to 40 years in prison for kidnapping.

___

Information from: Press-Gazette Media, http://www.greenbaypressgazette.com

Source: Fox News National

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Capturing British PM Theresa May’s loneliest moment

FILE PHOTO: Britain's Prime Minister Theresa May is seen in a car outside the Houses of Parliament in London
FILE PHOTO: Britain's Prime Minister Theresa May is seen in a car outside the Houses of Parliament in London, Britain, March 27, 2019. REUTERS/Hannah McKay/File Photo

March 28, 2019

LONDON (Reuters) – Chin raised, eyes front and inscrutable, face exhausted: it was the most telling image of British Prime Minister Theresa May’s loneliest moment, departing parliament after her offer to quit.

To capture such a difficult photo – in the dark, through a moving car’s windscreen and into the back seat, with media and police all around – Reuters photographer Hannah McKay practiced on other politicians then positioned herself with precision.

“We were aware of what was going on inside. We knew the first picture of her leaving was important,” said McKay, 30, waiting outside the gates of parliament as May told Conservative lawmakers she would quit if necessary to get her Brexit deal passed.

“I’d been there for a few hours photographing ministers and cars coming and going, checking the angles. She always sits behind the passenger seat, so we have to stand on the other side, to see her diagonally through the front windscreen.”

Even then, there was only a tiny window of opportunity – a couple of seconds – as the cavalcade sped away, police lights blazing, protesters chanting in the street both for and against Britain’s torturous European Union divorce process.

“You have to crouch quite low to see her, because she can get blocked by the rear-view mirror. And you have to catch her face between the driver seat and the passenger seat because she’s in the back,” McKay recalled.

“Also, you need the right settings to light her in the back seat, and get it all in focus. And you only have time to use the flash three or four times. So it’s quite tricky really.”

McKay’s photo dominated British newspaper and website front pages the next morning.

Reflecting on how she got the shot of the night, where other photographers were foiled by the mirror, focus or timing, the 30-year-old McKay noted there was also an element of fortune.

“It was relief that I’d managed to get a good photo of her for such an important moment,” she said.

“With car shots, definitely luck is involved. So when it’s on your side, and you get it right, it feels great.”

(Writing by Andrew Cawthorne; Editing by Robin Pomeroy)

Source: OANN

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Tennessee Democratic Party chairwoman apologizes for calling state ‘racist’

The chairwoman of the Tennessee Democratic Party apologized this week for calling the state racist during a discussion of local politics and while promoting less conventional candidates.

Mary Mancini made the comment while speaking with the Coffee County Democratic Party earlier this month about how the party should put forward less conventional candidates, including black and Latinos, millennials and members of the LGBTQ community.

"We have a little bit of a problem in this state, and I'm just going to say it outright," Mancini said. "This is a racist state."

"We have a little bit of a problem in this state, and I'm just going to say it outright. This is a racist state."

— Mary Mancini, chairwoman, Tennessee Democratic Party

In another county party meeting, Mancini was heard on an audio recording calling Tennessee “a very racist state.”

Mancini issued her apology in a statement to the Tennessean newspaper of Nashville.

“In the heat and the frustration of seeing and hearing the constant drumbeat of bigotry, misogyny and homophobia coming from the Republicans at the state legislature, I used a poor choice of words and vented my frustration and I apologize," Mancini said.

Tennessee Republican Party Chairman Scott Golden said it was disappointing that Mancini called the state racist, the paper reported. He said Republicans are working to “lift all Tennesseans up,” citing the state’s economy and efforts to boost educational attainment.

Mancini said the GOP was causing division to be "become ingrained" in residents around the state. During her meeting with Coffee County Democrats, she suggested that Andrea Bond-Johnson, an African-American candidate for a seat in the state Legislature, couldn’t win because the area has a small minority population.

"Two out of the three counties in that area are extraordinarily racist," Mancini told the group.

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"I wasn’t the only one who was told that we need to run someone who is not African-American in that district, because (some believed) an African-American cannot win in that district because white people will not vote for an African-American,” Mancini said in an interview with the paper.

Her comments follow state Rep. London Lamar, a Democrat, who apologized last year for calling Tennessee racist and the Republican voters uneducated.

The Associated Press contributed to this report.

Source: Fox News Politics

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Biden 2020 over before it really begins? Jared Kushner speaks on Mueller report, border crisis Via @PeterBoykin #MagaFirstNews part 2

Biden 2020 over before it really begins? Jared Kushner speaks on Mueller report, border crisis Via @PeterBoykin #MagaFirstNews JARED KUSHNER SPEAKS OUT - In an exclusive interview with Fox News' Laura Ingraham, Jared Kushner, President Trump's son-in-law and senior adviser, addressed Special Counsel Robert Mueller's findings in the Russia investigation, his coverage in the mainstream media and the president's threat to shut down the U.S.-Mexico border ... Kushner said any ... See More further attempts by Democrats to pursue a Russia collusion investigation would be "not productive" and "an embarrassment to our democracy" and that he's willing to testify on Capitol Hill about Russia. Kushner said Trump's threats to close the U.S.-Mexico border are a way "to pressure everybody" into taking action to limit illegal immigration. BIDEN'S BLUES: Joe Biden's potential 2020 candidacy may be in jeopardy before it even begins after a second woman has come forward to accuse former vice president of inappropriate touching ... Amy Lappos, 43, first told the Hartford Courant in an interview published Monday that Biden grabbed her during a $1,000-per-plate October 2009 fundraiser for U.S. Rep. Jim Himes, D-Conn. Lappos, who was working as an aide for Himes at the time, said Biden's action's weren't sexual, but that he did grab her. Her accusations came on the heels of a similar claim by former Nevada lieutenant governor candidate Lucy Flores, who said Monday she'd still vote for Biden over Trump, despite her claims. THE BATTLE OVER THE MUELLER REPORT: As House Judiciary Committee Democrats prepare subpoenas seeking the release Special Counsel Robert Mueller’s full report from the Justice Department, Harvard law professor Alan Dershowitz says Attorney General William Barr is not legally required to make the report public ... In an interview on "Hannity" Monday night, Dershowitz used the “shoe on the other foot” test to demonstrate that the Trump administration doesn’t have to comply with the Democrats' demands. 

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Germany extends compensation for investigations of gay men

Germany is extending compensation payments to more gay men investigated under a law criminalizing homosexuality that was enforced enthusiastically in post-World War II West Germany.

German lawmakers in 2017 approved the annulment of thousands of convictions under so-called Paragraph 175, which remained in force in its Nazi-era form until homosexuality was decriminalized in 1969. They instituted payments of 3,000 euros ($3,380) per conviction, plus 1,500 euros for every year of jail time convicted men started.

The Justice Ministry issued a directive effective Wednesday under which people who were put under investigation or taken into investigative custody, but not convicted, also can claim compensation. There will be payments of 500 euros per investigation opened, and 1,500 euros for each year of time in pre-trial custody started.

Source: Fox News World

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Report: Buccaneers expected to sign QB Gabbert

FILE PHOTO: Jacksonville Jaguars quarterback Blaine Gabbert examines his arm after being sacked by Houston Texans safety Danieal Manning in Houston
FILE PHOTO: Jacksonville Jaguars quarterback Blaine Gabbert examines his arm after being sacked by Houston Texans safety Danieal Manning forcing a turnover during their NFL football game in Houston November 18, 2012. Gabbert was injured on the play and was taken out of the game. REUTERS/Richard Carson

March 25, 2019

After being cut by the Tennessee Titans 10 days ago, the Tampa Bay Buccaneers are expected to sign quarterback Blaine Gabbert, according to a report Monday.

According to The Athletic, Gabbert’s experience with new Tampa Bay head coach Bruce Arians while both were with the Arizona Cardinals in the 2017 season is a key factor in the mutual decision.

Gabbert, 29, was the Titans backup quarterback to Marcus Mariota last season and played eight games for the oft-injured starter, going 2-1 in three starts. For the season Gabbert completed 60.4 percent of his passes for 626 yards, four touchdown passes and four interceptions.

The Titans moved on from Gabbert as a backup when they traded for former Miami Dolphins quarterback Ryan Tannehill on March 15, releasing Gabbert the same day.

His final start last season came in a winner-take-all season finale against the Titans’ AFC South rivals, the Indianapolis Colts. Tennessee lost 33-17 to miss the postseason. In that game Gabbert went 18-for-29 for 165 yards, one touchdown and two interceptions.

Originally selected 10th overall in the 2011 NFL Draft by the Jacksonville Jaguars, Gabbert has played for four teams in his eight seasons — the Jaguars (2011-13), the San Francisco 49ers (2014-16), plus the Cardinals (2017) and Titans last season.

Gabbert owns a career 13-35 record as an NFL starter, working mostly as a backup since 2013. For his career he has played in 56 games (48 starts), throwing for 9,063 yards with 48 TDs, 47 interceptions and a 71.7 passer rating.

–Field Level Media

Source: OANN

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FILE PHOTO - A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat
FILE PHOTO: A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave/File Photo

April 26, 2019

(Reuters) – India has once again delayed the implementation of higher tariffs on some goods imported from the United States to May 15, a government official said on Friday.

The new tariff structure was to come into force from May 2, the spokeswoman said without citing reasons for the delay.

Angered by Washington’s refusal to exempt it from new steel and aluminum tariffs, New Delhi decided in June last year to raise the import tax from Aug. 4 on some U.S. products including almonds, walnuts and apples.

But since then, New Delhi has repeatedly delayed the implementation of the new tariff.

Trade friction between India and the U.S. has escalated after U.S. President Donald Trump announced plans earlier this year to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.

In a further blow, U.S. on Monday demanded buyers of Iranian oil stop purchases by May or face sanctions, ending six months of waivers which allowed Iran’s eight biggest buyers including India to continue importing limited volumes.

(Reporting by Manoj Kumar in New Delhi and Kanishka Singh in Bengaluru; Editing by Anil D’Silva and Raissa Kasolowsky)

Source: OANN

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One of Joe Biden’s newly-hired senior advisers has seemingly had a very recent change of heart.

Symone Sanders, a prominent Democratic strategist and Sen. Bernie Sanders, I-Vt., staffer in 2016, was announced as one of the big-name members of Team Biden on Thursday.

But Sanders, who has also served as a CNN contributor, is seen in resurfaced footage from November 2016 expressing her opposition to a white person leading her party after Donald Trump’s election.

“In my opinion, we don’t need white people leading the Democratic party right now,” Sanders told host Brianna Keilar during a discussion on Howard Dean potentially becoming DNC chairman.

BIDEN HIRES FORMER BERNIE SANDERS’ SPOKESPERSON AS SENIOR ADVISER

“The Democratic party is diverse, and it should be reflected as so in leadership and throughout the staff, at the highest levels. From the vice chairs to the secretaries all the way down to the people working in the offices at the DNC,” she said.

Sanders wrapped up her remarks by saying: “I want to hear more from everybody. I want to hear from the millennials and the brown folks.”

Footage of the interview was resurfaced by RealClearPolitics.

After news of her hiring broke on Thursday, Sanders backed her new boss on Twitter.

TRUMP ASSESSES 2020 DEMS; TAKES SWIPES AT BIDEN, SANDERS; DISMISSES HARRIS, O’ROURKE; SAYS HE’S ROOTING FOR BUTTIGIEG

“@JoeBiden & @DrBiden are a class act. Over the course of this campaign, Vice President Biden is going to make his case to the American ppl. He won’t always be perfect, but I believe he will get it right,” she wrote.

The hiring of Sanders has been viewed as another indication of the expected tough fight that Biden and Sanders are in for as the two frontrunners battle a deep Democratic field.

While Sanders himself didn’t torch Biden as he jumped into the race, it’s clear that many of his progressive supporters view the former vice president as a threat.

Biden’s entry into the race – at least in the early going – sets up a battle between himself and Sanders, who thanks to his fierce fight with eventual nominee Hillary Clinton for the 2016 Democratic nomination, enjoys name ID on the level of the former vice president.

BIDEN VOWS THAT ‘AMERICA IS COMING BACK,’ SPARKING ‘MAGA’ COMPARISONS

Justice Democrats — who also called Biden “out-of-touch” – is an increasingly influential group among the left of the party. They’ve championed progressive Rep. Alexandria Ocasio-Cortez of New York as well as Sanders. The group was founded by members of Sanders 2016 presidential campaign.

Biden has pushed back against the perception that he’s a moderate in a party that’s increasingly moving to the left. Earlier this month he described himself as an “Obama-Biden Democrat.”

And Biden said he’d stack his record against “anybody who has run or who is running now or who will run.”

Former Democratic National Committee chair Donna Brazile – a Fox News contributor – highlighted that “Joe Biden can occupy his own lane in large part because he’s earned it. He’s earned the right to call himself whatever.”

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But she emphasized that “elections are not about the past, they’re about the future…I do believe he has the right ingredients. The question is can he find enough people to help him stir the pot.”

Fox News Andrew O’Reilly contributed to this report.

Source: Fox News Politics

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Baltimore Mayor Catherine Pugh, who is facing increased calls for her immediate resignation, remains in poor health and is not “lucid” enough to decide whether to step down, her attorney told reporters late Thursday.

Steve Silverman, speaking outside one of Pugh’s residences which was raided by the FBI and IRS earlier in the day, said the embattled city leader could make a decision as early as next week.

“She is leaning toward making the best decision in the best interest in the citizens of Baltimore City,” he said, adding that Pugh has “several options” to consider.

“She just needs to be physically and mentally sound and lucid enough to make appropriate decisions.”

BALTIMORE MAYOR CATHERINE PUGH, ON LEAVE AMID BOOK PROBE, HAS HOMES AND CITY HALL OFFICE RAIDED BY FEDS

Silverman said Pugh met with a doctor at home Thursday and plans to do so again Friday, the Baltimore Sun reported.

In the latest image-tarnishing scandal for struggling Baltimore, the first-term Democratic mayor faces accusations that she used children’s book deals to cover up kickbacks for favorable treatment as a state lawmaker and city leader that earned her roughly $800,000 over several years.

BALTIMORE’S ACTING MAYOR SAYS HE ‘WOULD HATE TO SEE’ EMBATTLED MAYOR RETURN AFTER BOOK SCANDALS

As a state senator, 69-year-old Pugh sold $500,000 worth of her self-published “Healthy Holly” illustrated paperbacks to the University of Maryland Medical System, a major state employer whose board she sat on for nearly 20 years.

Baltimore police officers stand outside the house of Baltimore Mayor Catherine Pugh in Baltimore, MD., Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Pugh and also in City Hall. (AP Photo/Jose Luis Magana)

Baltimore police officers stand outside the house of Baltimore Mayor Catherine Pugh in Baltimore, MD., Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Pugh and also in City Hall. (AP Photo/Jose Luis Magana)

UMMS reportedly paid Pugh for 100,000 copies of her books between 2011 and 2018 with the stated intention of distributing the books to schools and day care centers. But some 50,000 copies remain unaccounted for and officials are probing if they were even printed.

Pugh also made $300,000 in bulk sales to other customers including health carriers that did business with the city of Baltimore.

BALTIMORE CITY COUNCIL CALLS ON EMBATTLED MAYOR CATHERINE PUGH TO RESIGN IMMEDIATELY

The politically isolated Pugh slipped out of sight on April 1 after a hastily organized press conference where she called her no-contract book deals a “regrettable mistake.” That same day, Maryland’s governor called on the state prosecutor to investigate allegations of “self-dealing.”

Pugh took an indefinite leave of absence, citing her health deteriorating intensely after a bout with pneumonia.

Federal agents arrive at the Maryland Center for Adult Training in Baltimore. MD, Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Baltimore Mayor Catherine Pugh and in City Hall, as well as the office of her lawyer and the home of a top aide.

Federal agents arrive at the Maryland Center for Adult Training in Baltimore. MD, Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Baltimore Mayor Catherine Pugh and in City Hall, as well as the office of her lawyer and the home of a top aide. (Loyd Fox/Baltimore Sun via AP)

On Thursday morning, agents with the FBI and IRS searched her two Baltimore homes, her City Hall offices, and a nonprofit organization she once led. The home of at least one of Pugh’s aides was also scoured.

Silverman said federal agents also served a subpoena at his law firm, retrieving Pugh’s original financial records. They did not seek any attorney-client privileged communications, he said.

Pugh’s attorney said she was “emotionally extremely distraught” following the searches by FBI and IRS agents.

“There was nothing incriminating that came out of her home,” Silverman said.

UMMS spokesman Michael Schwartzberg told reporters that the medical system received a grand jury witness subpoena seeking documents and information related to Pugh.

Other probes against Pugh include a review by the city ethics board and the Maryland Insurance Administration.

BALTIMORE MAYOR’S $500G DEAL FOR ‘HEALTHY HOLLY’ CHILDREN’S BOOKS DRAWS SCRUTINY

In recent weeks, the calls for Pugh’s resignation have intensified with the strongest voice coming from Republican Gov. Larry Hogan, who did not mince words after Thursday’s early morning raids.

“Now more than ever, Baltimore City needs strong and responsible leadership. Mayor Pugh has lost the public trust,” he said. “She is clearly not fit to lead. For the good of the city, Mayor Pugh must resign.”

Federal Bureau of Investigation, and Internal Revenue Service agents search the home of Baltimore Mayor Catherine Pugh in Baltimore, MD., Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Baltimore Mayor Catherine Pugh and in City Hall.

Federal Bureau of Investigation, and Internal Revenue Service agents search the home of Baltimore Mayor Catherine Pugh in Baltimore, MD., Thursday, April 25, 2019. Agents with the FBI and IRS are gathering evidence inside the two homes of Baltimore Mayor Catherine Pugh and in City Hall. (Jerry Jackson/Baltimore Sun via AP)

Many of her fellow Democrats, including those on Baltimore’s demoralized City Council and state lawmakers, are also insisting that Pugh put the citizens’ interests above any attempt to preserve her political career.

City Council member Brandon Scott called the Thursday raids “an embarrassment to the city.”

However, only a conviction can trigger a mayor’s removal from office, according to the city solicitor. Baltimore’s mayor-friendly City Charter currently provides no options for ousting its executive.

Six of Pugh’s staffers joined her on paid leave earlier this month; three of them were fired this week by the acting mayor.

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Pugh came to office in late 2016 after edging out ex-Mayor Sheila Dixon, who had spent much of her tenure fighting corruption charges before being forced to depart office in 2010 as part of a plea deal connected to the misappropriation of about $500 in gift cards meant for needy families.

She would certainly face a bruising 2020 Democratic primary if she were to return and run for reelection. Veteran City Council leader Bernard “Jack” Young, who is serving as acting mayor, said as she went on leave that he would merely be a placeholder. But this week, before the raids, he said “it could be devastating for her” if she tried to return.

The Associated Press contributed to this report.

Source: Fox News National

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FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad
FILE PHOTO: Cases of Pepsi are shown for sale at a store in Carlsbad, California, U.S., April 22, 2017. REUTERS/Mike Blake/File Photo

April 26, 2019

By Amit Dave and Mayank Bhardwaj

AHMEDABAD/NEW DELHI (Reuters) – PepsiCo Inc has sued four Indian farmers for cultivating a potato variety that the snack food and drinks maker claims infringes its patent, the company and the growers said on Friday.

Pepsi has sued the farmers for cultivating the FC5 potato variety, exclusively grown for its popular Lay’s potato chips. The FC5 variety has a lower moisture content required to make snacks such as potato chips.

PepsiCo is seeking more than 10 million rupees ($142,840.82) each for alleged patent infringement.

The farmers grow potatoes in the western state of Gujarat, a leading producer of India’s most consumed vegetable.

“We have been growing potatoes for a long time and we didn’t face this problem ever, as we’ve mostly been using the seeds saved from one harvest to plant the next year’s crop,” said Bipin Patel, one of the four farmers sued by Pepsi.

Patel did not say how he came by the PepsiCo variety.

A court in Ahmedabad, the business hub of Gujarat, on Friday agreed to hear the case on June 12, said Anand Yagnik, the lawyer for the farmers.

“In this instance, we took judicial recourse against people who were illegally dealing in our registered variety,” A PepsiCo India spokesman said. “This was done to protect our rights and safeguard the larger interest of farmers that are engaged with us and who are using and benefiting from seeds of our registered variety.”

PepsiCo, which set up its first potato chips plant in India in 1989, supplies the FC5 potato variety to a group of farmers who in turn sell their produce to the company at a fixed price.

The All India Kisan Sabha, or All India Farmers’ Forum, has asked the Indian government to protect the farmers.

The farmers’ forum has also called for a boycott of PepsiCo’s Lay’s chips and the company’s other products.

The Ministry of Agriculture & Farmers’ Welfare did not immediately respond to an email seeking comment.

PepsiCo is the second major U.S. company in India to face issues over patent infringement.

Stung by a long-standing intellectual property dispute, seed maker Monsanto, which is now owned by German drugmaker Bayer AG, withdrew from some businesses in India over a cotton-seed dispute with farmers, Reuters reported in 2017. (reut.rs/2ncBknn)

(Reporting by Amit Dave in AHMEDABAD and Mayank Bhardwaj in NEW DELHI; Editing by Martin Howell and Louise Heavens)

Source: OANN

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FILE PHOTO: The Archer Daniels Midland Co (ADM) logo is displayed on a screen on the floor of the NYSE in New York
FILE PHOTO: The Archer Daniels Midland Co (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo

April 26, 2019

By P.J. Huffstutter and Shradha Singh

CHICAGO/BENGALURU (Reuters) – Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant’s profit, which tumbled 41 percent in the first quarter.

ADM said it was creating an ethanol subsidiary, which will include dry mills in Columbus, Nebraska; Cedar Rapids, Iowa; and Peoria, Illinois.

The ethanol subsidiary will report as an independent segment, the company said, allowing options “which may include, but are not limited to, a potential spin-off of the business to existing ADM shareholders.”

Results were hit by the “bomb cyclone” blizzards that devastated the Midwest and Great Plains this year, causing massive flooding across Nebraska, Iowa and Missouri, washing out rail lines and wreaking havoc in the moving and processing of corn, soybeans and wheat. One-sixth of U.S. ethanol production was halted.

In March, ADM warned Wall Street that flooding and severe winter weather in the U.S. Midwest would reduce its first-quarter operating profit by $50 million to $60 million.

“The first quarter proved more challenging than initially expected,” said Chairman and Chief Executive Officer Juan Luciano, with earnings down in its starches, sweeteners and bioproducts unit. Luciano said impacts of the severe weather ultimately “were on the high side of our initial estimates”.

Ongoing problems in the ethanol industry added to the problems and “limited margins and opportunities” for ADM, Luciano said.

The ethanol industry has been in the midst of a historic downswing due to the U.S.-China trade war, excess domestic supply and weak margins.

ADM, which had been an ethanol pioneer, signaled to Wall Street in 2016 that it was hunting for options and considering sales of its U.S. dry ethanol mills. Luciano told Reuters this year that offers ADM had received for the mills were too low.

In addition, ADM said it planned to repurpose its corn wet mill in Marshall, Minnesota, to produce higher volumes of food and industrial-grade starches.

Other major traders are alsy trying to distance themselves from struggling ethanol businesses. Louis Dreyfus Company BV spun off its Brazilian sugar and ethanol business Biosev in 2013. Rival Bunge sold its sugar book and has sought a buyer for its Brazilian mills since 2013.

ADM, which makes money trading, processing and transporting crops, such as corn, soybeans and wheat, has been looking to strengthen its core business. Last month it said it would seek voluntary early retirements of some North American employees and cut jobs as part of a restructuring effort.

The company expects to lower 2019 capital spending by 10 percent to between $800 million and $900 million.

Net earnings attributable to the company fell to $233 million, or 41 cents per share, in the three months ended March 31, from $393 million, or 70 cents per share, a year earlier.

Revenue fell to $15.30 billion from $15.53 billion. On an adjusted basis, the company earned 46 cents per share, while analysts on average had estimated 60 cents, according to IBES data from Refinitiv.

(Reporting by Shradha Singh in Bengaluru; Editing by Shounak Dasgupta, Chizu Nomiyama and David Gregorio)

Source: OANN

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