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Lone Star emerges as frontrunner in Saint-Gobain auction: sources

FILE PHOTO: The logo of Saint-Gobain is seen on a banner on a building construction site in the financial and business district of La Defense, outside Paris
FILE PHOTO: The logo of Saint-Gobain is seen on a banner on a building construction site in the financial and business district of La Defense in Courbevoie, outside Paris, France, February 19, 2018. REUTERS/Gonzalo Fuentes/File Photo

April 12, 2019

By Pamela Barbaglia, Arno Schuetze and Andrés González

LONDON (Reuters) – U.S. buyout firm Lone Star has emerged as the frontrunner to buy the German building materials business of France’s Saint-Gobain in a deal valued at up to 400 million euros ($450 million), four sources familiar with the matter said.

Lone Star is using its Nordic building materials supplier Stark as an acquisition vehicle to purchase the unit, known as Raab Karcher, the sources said.

Stark was recently admitted to the second round of an auction process which kicked off in January, the sources said.

Private equity fund Platinum also made it to the final stages of the process, while U.S. rival Advent initially expressed interest but subsequently dropped out, they said.

The sources said Lone Star is ahead of Platinum as it has a more attractive business proposition due to the synergies it would extract by combining Stark and Raab Karcher.

The two funds are still carrying out due diligence ahead of a deadline for final offers in early May, the sources said, cautioning that no deal was certain.

Saint-Gobain and Lone Star declined to comment while Platinum was not immediately available.

The sale, led by Goldman Sachs, is expected to wrap up next month and could value the unit at between 300 million and 400 million euros, two of the sources said.

Raab Karcher has annual earnings before interest, tax, depreciation and amortization (EBITDA) of about 40 million euros and is expected to fetch a multiple of no more than 10 times its EBITDA.

The unit reported revenues of almost 2 billion euros in 2017 but its margins are squeezed amid fears of a looming recession that could have a painful impact on building materials specialists.

Saint-Gobain put Raab Karcher on the block in November as part of a plan to sell non-core businesses with total revenues of 3 billion euros under a strategic overhaul overseen by new chief operating officer Benoit Bazin.

(Reporting by Pamela Barbaglia; Editing by Susan Fenton)

Source: OANN

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More dolphins die in Aegean Sea; group suspects navy drills

A Greek marine conservation group says a "very unusual" increase in Aegean Sea dolphin deaths in recent weeks may be linked to Turkish naval exercises in the area.

Fifteen dead dolphins have washed up on the eastern island of Samos and other parts of Greece's Aegean coastline since late February, according to the Archipelagos Institute.

Its head of research, Anastassia Miliou, told The Associated Press on Monday that 15 is worryingly high compared to "one or two" in the same period last year.

The group said while it's still unclear what caused the deaths, the spike follows the Feb. 27-March 8 large Turkish navy drills that used sonar and practiced with live ammunition. The deafening noise of sonar can injure dolphins, with sometimes fatal consequences.

Source: Fox News World

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EU goods trade surplus with U.S. grows, deficit with China widens

FILE PHOTO: Containers and cars are loaded on freight trains at the railroad shunting yard in Maschen near Hamburg
FILE PHOTO: Containers and cars are loaded on freight trains at the railroad shunting yard in Maschen near Hamburg September 23, 2012. REUTERS/Fabian Bimmer

April 17, 2019

BRUSSELS (Reuters) – The European Union’s trade surplus in goods with the United States increased in the first two months of 2019 while its deficit with China widened, figures that could increase global economic tensions.

The European Union’s surplus with the United States grew to 21.6 billion euros in Jan-Feb 2019 from 20.9 billion euros ($23.7 billion) in the same period of 2018, EU statistics office Eurostat reported on Wednesday. With China, the EU’s trade deficit expanded to 37.8 billion from 35.5 billion euros.

The United States has hit the European Union with tariffs and threatened more in complaint over the trade balance. Both Washington and Brussels have also complained that China wants free trade without playing fair.

Overall, the goods trade deficit of the 28-nation bloc increased to 28.4 billion euros in Jan-Feb 2019 from 20.7 billion a year earlier.

Energy imports were the chief cause of the deficit, especially from Russia and Norway.

For the narrower 19-country euro zone, exports grew by 4.4 percent year-on-year in February and imports by 4.0 percent, leading to an expansion of its trade surplus to 17.9 billion in February from 16.5 billion euros a year earlier.

On a seasonally adjusted basis, the euro zone’s trade surplus also increased to 19.5 billion euros in February from 17.4 billion in January as exports fell by 1.4 percent and imports declined by 2.7 percent.

(Reporting by Philip Blenkinsop)

Source: OANN

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India’s Election Commission: buried under tide of complaints, bias allegations

FILE PHOTO: People walk past the Election Commission of India office building in New Delhi
FILE PHOTO: People walk past the Election Commission of India office building in New Delhi, India March 11, 2019. REUTERS/Adnan Abidi/File Photo

April 8, 2019

By Krishna N. Das and Aftab Ahmed

NEW DELHI (Reuters) – Did Indian Prime Minister Narendra Modi break election rules by addressing the nation on an anti-satellite test recently? Is it right to have a channel dedicated to the leader? Can the country’s armed forces be called “Modi’s soldiers”?

Ahead of a general election that starts next week, the Election Commission of India (ECI) says it is swamped with hundreds of thousands of such questions and complaints of alleged violation of election rules, known as the model code of conduct. Many are coming via ever expanding social media.

Opposition parties have accused the ECI of being biased towards the ruling Bharatiya Janata Party (BJP), which they say is giving Modi an unfair advantage in the election. There is even a threat to jail commission officials if Modi is ousted.

The BJP denies getting any special treatment from the ECI.

The ECI – an autonomous constitutional body tasked with the smooth conduct of the world’s biggest democratic exercise with as many as 900 million eligible voters – said it was impartial and taking action against the guilty irrespective of party affiliation.

But Tarun Kumar, a secretary for the main opposition Congress party, said the model code of conduct had became a joke because the recently launched NaMO TV that carries Modi’s rallies live and runs other promotional material for the ruling party was still on air despite several complaints against it.

“Everyday I think that the Election Commission has sunk to its lowest, only to be proved wrong next day!” said Yogendra Yadav, a political activist and former pollster.

“MODI”S SOLDIERS”

Among the top complaints the ECI has ruled on or is examining are a speech by the chief minister of Uttar Pradesh state, Yogi Adityanath of the BJP, in which he associated the armed forces with Modi by calling them “Modi’s soldiers”, according to the ECI’s website.

Adityanath has been warned against making such statements in future.

The Commission is also examining a representation against the planned release of a biopic titled “PM Narendra Modi” this month.

The ECI late last month said Modi did not violate the code of conduct when he addressed the nation to announce that an Indian anti-satellite missile had shot down an Indian satellite in space in a major breakthrough. Opposition parties had accused Modi of trying to gain political benefits through the televised address. [nL3N21E3KN]

To be sure, there are complaints against Congress President Rahul Gandhi too, mainly over his allegations of corruption over a warplane deal signed by the Modi government.

“In the world of social media and mobile phones, people get to know things immediately, which we take time to get to know and react on,” Sandeep Saxena, a deputy election commissioner, told Reuters.

“The Commission will only move when there is sufficient material. We normally ask our own field functionaries. It takes 12 hours or so to establish, only then we go for action on it.”

Saxena said since the code of conduct came into place on March 10, the ECI has received more than 40,000 references and complaints on its mobile app, 99 percent of which have been dealt with. He said 68 percent of the cases were found to be correct and action initiated.

Another commission official, requesting anonymity, said that in the past three weeks they would have received more than 1 million complaints from regional parties, national parties, through social media and on the app.

“The volume of work is huge. The world has drastically changed because of social media and things like that, the policies sometimes are lagging behind and procedures, which have to be followed, make us slow,” said the official at the ECI, which has 300 people in its headquarters and others in states.

“People have the right to criticize. We are doing the best we can to conduct a fair election in the country. Some of our officers are working 16 to 17 hours a day.”

(Reporting by Krishna N. Das and Aftab Ahmed; Editing by Martin Howell and Michael Perry)

Source: OANN

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Spring training roundup: Wainwright sharp in ’19 debut

MLB: Spring Training-St. Louis Cardinals at Washington Nationals
Feb 26, 2019; West Palm Beach, FL, USA; St. Louis Cardinals starting pitcher Adam Wainwright (50) delivers a pitch against the Washington Nationals at FITTEAM Ballpark of the Palm Beaches. Mandatory Credit: Steve Mitchell-USA TODAY Sports

February 27, 2019

Right-hander Adam Wainwright pitched two perfect innings in his first start of the spring as the St. Louis Cardinals defeated the host Washington Nationals 6-1 on Tuesday at West Palm Beach, Fla.

The 37-year-old Wainwright was limited to just eight starts last season due to elbow troubles. He is trying to regain the form that saw him win 19 or more games four times during 13 big league seasons.

“The difference today was that I was focused on command and trusting my stuff, and last year I was focused on surviving,” Wainwright told reporters. “Making a pitch and trying to make it to the next pitch. My focus today was on pitching instead of on health.”

Marlins 3, Astros 0

Right-hander Dan Straily struck out three in two perfect innings as Miami blanked visiting Houston at Jupiter, Fla. Houston right-hander Gerrit Cole pitched a perfect inning in his spring debut.

Tigers 14, Mets (ss) 4

Harold Castro and Pete Kozma each clubbed three-run homers as visiting Detroit routed New York at Port Fort Lucie, Fla. Rajai Davis went deep for the Mets.

Rays (ss) 11, Orioles 5 (8 innings)

Jesus Sanchez hit a go-ahead, three-run homer during a 10-run eighth-inning splurge as Tampa Bay rallied to knocked off host Baltimore at Sarasota, Fla. Chris Davis smacked a two-run blast for the Orioles in a game that was stopped due to rain.

Braves 4, Mets (ss) 3

William Contreras hit a tiebreaking two-run homer in the sixth inning as Atlanta defeated visiting New York at Kissimmee, Fla. Sebastian Espino hit an inside-the-park homer for the Mets.

Twins 6, Pirates 5

Ryan Jeffers delivered the go-ahead pinch-hit, two-run single during a four-run fifth-inning uprising as visiting Pittsburgh edged Minnesota at Fort Myers, Fla. Patrick Kivlehan homered for the Twins.

Angels 17, Athletics 5

Jose Rosas hit a three-run homer and Peter Bourjos had a solo shot as Los Angeles routed Oakland at Mesa, Ariz. The Angels’ Roberto Baldoquin also knocked in three runs. Oakland reliever Fernando Rodney gave up four runs on four hits, two walks and a wild pitch in one-third of an inning.

White Sox 9, Royals (ss) 7

Tim Anderson drove in runs with a triple and a single, and Yonder Alonso added a two-run homer as Chicago beat Kansas City at Phoenix. MJ Melendez, Hunter Dozier and Taylor Jones hit two-run shots for the Royals, and Jecksson Flores added a solo homer.

Padres 3, Brewers 1

Fernando Tatis Jr. belted a two-run homer and Austin Hedges added a solo shot as San Diego defeated Milwaukee at Phoenix. Zach Davies threw two hitless, scoreless innings for the Brewers.

Giants 4, Reds 3

Jose Lopez struck out three in two scoreless innings, and San Francisco beat Cincinnati at Goodyear, Ariz. Jesus Reyes tossed two shutout innings for the Reds.

Diamondbacks 5, Cubs 4

Wilmer Flores hit a three-run double to lead Arizona to a win over Chicago at Mesa, Ariz. Chicago’s Yu Darvish walked four in 1 1/3 hitless innings, and he was charged with two runs (one earned).

Royals (ss) 8, Dodgers 2

Kansas City exploded for seven runs in the eighth inning, two on a single by Humberto Arteaga, in a victory over Los Angeles at Surprise, Ariz. The Dodgers’ Shane Peterson homered.

Indians 5, Rockies 3

Carlos Santana homered and knocked in three runs as Cleveland topped Colorado at Scottsdale, Ariz. The Rockies’ Brian Mundell hit a two-run double.

Rangers 4, Mariners 4

Jake Fraley and Chris Mariscal hit ninth-inning home runs to lift Seattle into a tie with Texas at Peoria, Ariz. The Mariners’ Marco Gonzales struck out five in three scoreless innings.

Phillies-Yankees, canceled

New York right-hander Masahiro Tanaka’s spring debut was washed out by rain as the host Yankees and Philadelphia were unable to play at Tampa, Fla.

Red Sox-Blue Jays, canceled

Right-hander Matt Shoemaker was slated to make his first Toronto appearance before rain prevented the contest between the Blue Jays and visiting Boston at Dunedin, Fla.

–Field Level Media

Source: OANN

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Report: Sick student’s bag filled with empty whisky bottles

Authorities say a South Carolina middle schooler who passed out in class last week had a backpack filled with nine empty mini bottles of Fireball Cinnamon Whisky.

The State reports the Union County Sheriff's Office report says a search of the 13-year-old's bag also revealed another half-empty mini bottle and two unopened bottles.

The report says the boy took the whisky from his unwitting grandfather and passed out an undetermined number of bottles to other Sims Middle School students.

It says he appeared to be drunk at school and was vomiting and moving unsteadily. He was hospitalized and later released.

He was arrested and charged with drunkenness and liquor law violations possession at the school. The report says he was then released into his mother's custody.

___

Information from: The State, http://www.thestate.com

Source: Fox News National

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Trump threatens to close U.S. border with Mexico next week

U.S. President Donald Trump arrives to speak at a campaign rally in Grand Rapids, Michigan
U.S. President Donald Trump arrives to speak at a campaign rally in Grand Rapids, Michigan, U.S., March 28, 2019. REUTERS/Joshua Roberts

March 29, 2019

WASHINGTON (Reuters) – President Donald Trump threatened on Friday to close the U.S. border with Mexico next week, or at least large sections of the frontier, if Mexico “doesn’t immediately stop all illegal immigration coming into the United States” from the region.

Trump has repeatedly vowed to close the U.S. border with Mexico in the past. The latest threats came in a series of Twitter posts amid reports that a surge of migrants in El Paso, Texas, threatened to overwhelm border protection officials there.

“CONGRESS MUST CHANGE OUR WEAK IMMIGRATION LAWS NOW, & Mexico must stop illegals from entering the U.S. through their country and our Southern Border,” Trump said. “Mexico has for many years made a fortune off of the U.S., far greater than Border Costs. If Mexico doesn’t immediately stop ALL illegal immigration coming into the United States throug our Southern Border, I will be CLOSING the Border, or large sections of the Border, next week.”

(Reporting by David Alexander; Editing by Tim Ahmann)

Source: OANN

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

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Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

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It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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The Dalai Lama has returned to his headquarters in the north Indian hill town of Dharmsala after a brief stay in a hospital in the capital for treatment of a chest infection.

Hundreds of exiled Tibetans lined the streets of Dharmsala carrying ceremonial scarves and incense sticks to welcome the Dalai Lama on Friday.

The 83-year-old Tibetan spiritual leader told reporters that he had fully recovered, but that the illness had been “a little bit serious.” He did not give any details.

The Dalai Lama usually spends several months a year traveling the world to teach Buddhism and highlight Tibetans’ struggle for greater freedom in China. But he has cut down on his travels in the past year to take care of his health.

Source: Fox News World

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