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Tesla’s Elon Musk, SEC ordered by U.S. judge to try to settle

Tesla CEO Elon Musk leaves Manhattan federal court
Tesla CEO Elon Musk leaves Manhattan federal court after a hearing on his fraud settlement with the Securities and Exchange Commission (SEC) in New York City, U.S., April 4, 2019. REUTERS/Shannon Stapleton

April 4, 2019

NEW YORK (Reuters) – A federal judge on Thursday ordered the U.S. Securities and Exchange Commission and Elon Musk to meet over the next two weeks to try to resolve matters underlying the regulator’s contempt motion against the Tesla Inc chief executive.

U.S. District Judge Alison Nathan in Manhattan said she may rule on whether to hold Musk in contempt if both sides are unable to reach an agreement.

The SEC accused Musk of contempt over a Feb. 19 Twitter post that it said violated his October 2018 fraud settlement with the regulator.

(Reporting by Jonathan Stempel in New York; Editing by Lisa Shumaker)

Source: OANN

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Sri Lanka wakes to emergency law after Easter bombing attacks

FILE PHOTO: Sri Lanka's President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe look on during a Parliament session marking the 70th anniversary of Sri LankaÕs Government, in Colombo
FILE PHOTO: Sri Lanka's President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe look on during a Parliament session marking the 70th anniversary of Sri Lanka's Government, in Colombo, Sri Lanka October 3, 2017. REUTERS/Dinuka Liyanawatte/File Photo

April 23, 2019

By Sanjeev Miglani

COLOMBO (Reuters) – Sri Lankans woke to emergency law on Tuesday as authorities searched for those behind suicide bomb attacks on churches and luxury hotels that killed 290 people at the weekend, with the focus turning to militants with links to foreign groups.

No group has yet to claim responsibility for Easter Sunday’s attacks on three churches and four luxury hotels that also wounded about 500 people.

Police spokesman Ruwan Gunasekera said the number of people arrested since Sunday had risen from 24 to 40. They are mainly Sri Lankans, although Gunasekera said police were investigating whether foreigners were involved in the attacks carried out by seven suicide bombers.

The president’s office declared that emergency law would come into effect from midnight, giving police extensive powers to detain and interrogate suspects without court orders. An overnight curfew was also put into effect.

The declaration came after nerves were frayed even further in the seaside capital Colombo when explosives went off on Monday near one of the churches hit in Sunday’s attacks while bomb squad officers were working to defuse a device.

CNN reported the blast was a controlled detonation.

Tuesday was also declared a national day of mourning.

The attacks brought a shattering end to a relative calm that had existed in the Indian Ocean island since a bitter civil war fought by Tamil separatists ended 10 years ago and raised fears of a return to sectarian violence.

It also underlined concerns over fractures in the Sri Lankan government, with questions raised over whether an intelligence tip-off was shared at the appropriate levels.

A government spokesman has said an international network was involved in the bombings but suspicion has focused on Islamist militants in the Buddhist-majority South Asian country. The nation of about 22 million people also has significant numbers of Hindus, Muslims and Christians.

The Washington Post quoted an unidentified law enforcement official as saying Federal Bureau of Investigation (FBI) agents were being sent to Sri Lanka to assist in the investigation.

The FBI has also offered laboratory expertise to test evidence and analysts were scouring databases for information that might shed light on tea attacks, the Post said.

U.S. intelligence sources said the attacks carried some of the hallmarks of the Islamic State extremist group, although they were cautious because the group had not claimed responsibility.

Islamic State is usually quick to claim responsibility for, or links to, attacks against foreign targets or religious groups whether they were involved or not.

INTERNAL FEUD

A document seen by Reuters showed that police had received a tip-off of a possible attack on churches by a little-known domestic Islamist group this month.

The intelligence report, dated April 11, said a foreign intelligence agency had warned authorities of possible attacks on churches by the National Thawheed Jama’ut group. It was not immediately clear what action, if any, was taken in response.

Questions over why the intelligence warning was not acted upon could feed into a feud between Prime Minister Ranil Wickremesinghe and President Maithripala Sirisena.

Sirisena fired Wickremesinghe last year only to be forced to reinstate him under pressure from the Supreme Court and their relationship is reported to be fraught.

International experts said, even if a Sri Lankan group had carried out the attacks, it was likely that al Qaeda or Islamic State were involved given the level of sophistication of the apparently coordinated bombings.

Footage on CNN showed what it said was one of the bombers wearing a heavy backpack. The man patted a young child on the head before entering the Gothic-style St. Sebastian church in Katuwapitiya, north of Colombo. Dozens were killed there.

Most of the dead and wounded were Sri Lankans, although government officials said 32 foreigners were killed. That included British, U.S., Australian, Turkish, Indian, Chinese, Danish, Dutch and Portuguese nationals.

China’s embassy in Sri Lanka warned Chinese nationals on Tuesday against traveling to Sri Lanka in the near term because of “huge security risks”.

China is a major investor in Sri Lanka. The embassy said one Chinese national was killed, five were wounded and another five were missing.

Among the victims were three of the four children of Anders Holch Povlsen, Denmark’s richest man.

Eight Britons were also killed, including Anita Nicholson, her 14-year-old son and her 11-year-old daughter. Nicholson’s husband survived the attack on the Shangri-La Hotel in Colombo.

(GRAPHIC: Sri Lanka bombings – https://tmsnrt.rs/2Xy02BA)

(GRAPHIC: A decade of peace shattered – https://tmsnrt.rs/2W4wZoU)

(Reporting by Sanjeev Miglani; Additional reporting by Mark Hosenball and Kieran Murray in WASHINGTON, and Stella Qiu and Ryan Woo in BEIJING; Editing by Paul Tait and Michael Perry)

Source: OANN

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Tortoise feared extinct found on remote Galapagos island

A living member of species of tortoise not seen in more than 110 years and feared to be extinct has been found in a remote part of the Galapagos island of Fernandina.

An adult female Chelonoidis phantasticus, also known as the Fernandina Giant Tortoise, was spotted Sunday by a joint expedition of the Galapagos National Park and the U.S.-based Galapagos Conservancy, Ecuador's Environment Ministry said in a statement. It said the female is more than 100 years old.

Investigators think there may be more members of the species on the island because of tracks and scat they found. The team took the tortoise to a breeding center for giant tortoises on Santa Cruz Island where it will stay in a specially designed pen.

The International Union for Conservation of Nature has the Fernandina Giant Tortoise listed as critically endangered and possibly extinct.

The only other living member of the species was found in 1906, the group said. Since then, expeditions have encountered tortoise scat and bite marks on cacti, and there was a possible unconfirmed sighting in 2009. But Sunday's discovery was the first confirmed sighting and together with the possibility of finding more members of the species has raised the possibility of breeding.

"They will need more than one, but females may store sperm for a long time," said Stuart Pimm, a professor of conservation ecology at Duke University. "There may be hope."

Fernandina is the third largest Galapagos island and features the La Cumbre volcano, one of the most active in the world. The archipelago lies in the Pacific Ocean about 1,000 kilometers (620 miles) off Ecuador's mainland.

In listing the Fernandina tortoise as possibly extinct, the conservation group said on its website that the species may have succumbed to "the frequent volcanic lava flows that nearly cover the island."

The Galapagos archipelago hosts unique species and wildlife whose characteristics helped Charles Darwin develop his theory of evolution. It was declared a UNESCO World Heritage site in 1979.

Source: Fox News World

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Sowing divisions, Franco exhumation plan looms over Spanish election

FILE PHOTO: General view of the Valle de los Caidos (Valley of the Fallen), the mausoleum holding the remains of former Spanish dictator Francisco Franco, on the 43rd anniversary of his death in San Lorenzo de El Escorial
FILE PHOTO: General view of the Valle de los Caidos (Valley of the Fallen), the mausoleum holding the remains of former Spanish dictator Francisco Franco, on the 43rd anniversary of his death in San Lorenzo de El Escorial, outside Madrid, Spain, November 20, 2018. REUTERS/Sergio Perez/File Photo

April 10, 2019

By Axel Bugge and Catherine MacDonald

SAN LORENZO DE EL ESCORIAL, Spain (Reuters) – The Valley of the Fallen outside Madrid seems peaceful enough on a sunny spring day but, with national elections just around the corner, its distinction as the burial place of Francisco Franco has turned it into a political battleground.

The outgoing Socialist government passed legislation to exhume Spain’s former dictator and turn the site into a memorial to the victims of the brutal 1936-39 Civil War that marked the start of his fascist regime.

But newcomer Vox, which the April 28 ballot will usher in as the first far-right party to sit in parliament since the 1970s, has challenged that decision.

Forty-four years after his death, Franco’s legacy remains a source of deep divisions in Spanish society.

It has also become an element of Vox’s election campaign as the party seeks to grab votes from the traditional center-right PP, adding a further complication to what promises to be one of Spain’s most unpredictable and bitterly fought elections in decades.

“Well, I thought to myself, over my dead body,” said Pilar Gutierrez – whose father was a minister under Franco – in reference to the exhumation.

She heads a group campaigning to keep his body where it is and she has no doubt who she’ll be voting for.

“Vox is the only party that can stop it (the exhumation),” she said, speaking next to the mausoleum, hewn into the rock of the pine-forested valley and dominated by a 152-metre (500-foot) cross.

“They have principles. Conventional parties don’t have principles.”

Franco’s regime killed or imprisoned tens of thousands to stamp out dissent, and up to 500,000 combatants and civilians died in the war between his forces and leftist Republicans.

On the other side of the political divide sits Francisco Mendieta, who exhumed his grandfather Timoteo from a mass Franco-era grave in 2017 to give him a proper burial.

“He (Franco) is a man who has no reason to be there (in the Valley of the Fallen),” Mendieta said. “(He) was a dictator who signed off on death sentences. In a democracy I see it as an aberration,”

Franco never showed any mercy, so if his exhumation upsets anybody “then they deserve it,” he added.

While mostly focusing on specific Spanish issues Vox has, like similar parties in neighboring countries, also benefited from a public reaction against immigration that has seeped into European politics.

In a major poll published on Tuesday, it was seen winning up to 37 seats on April 28.

The same poll also showed that the Socialists and their far-left allies Podemos could win a majority. But that was a best-case scenario and several other coalitions, either left- or right-led, are also possible.

APPEALING TO THE LEFT

The Socialists have also leveraged Franco to appeal to their voter base.

They set the date for his exhumation last month after the election was announced, with Deputy Prime Minister Carmen Calvo saying that “only the mortal remains of people who died as a result of the Spanish Civil War” would lie in the Valley of the Fallen.

Franco’s descendents have also challenged the exhumation, approved by parliament in September, but the government has said his remains will be dug up on June 10 unless the Supreme Court blocks it.

Both the PP and the centrist Ciudadanos abstained from the parliamentary vote, arguing the exhumation was not an urgent issue.

In public at least, Vox leader Santiago Abascal is still confident it will not take place. “I am taking it for granted that it won’t happen, it is just government propaganda,” he has said.

Vox says it does not endorse Franco politically, though its election candidates include four former generals, two of whom signed a pro-Franco petition last year.

Antonio Barroso, managing director of political consultancy Teneo, said that, while Vox’s position on Spanish “cultural” issues like Franco and separatism – which it opposes – was clear, little was known about its stance on broader policy matters.

“It is impossible to know,” how much support Vox will get in the election, said Barroso. “One thing we do know is that right-wing voters are more undecided. And they (Vox) are a new disruptive element.”

(Writing by Axel Bugge; Additional reporting by Belen Carreno; Editing by Ingrid Melander and John Stonestreet)

Source: OANN

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After U.S. court strikes down policy, what happens to migrants Trump sent back to Mexico?

Migrants queue for food inside a shelter in Tijuana
Migrants queue for food inside a shelter in Tijuana, Mexico April 6, 2019. REUTERS/Carlos Jasso

April 10, 2019

By Andrew Hay and Jose Gallego Espina

TIJUANA, Mexico/SAN DIEGO (Reuters) – On Tuesday, seven Central American families living temporarily in Mexico appeared in a San Diego immigration court to plead for asylum in the United States.

Mindful of a federal court ruling the day before that halted the Trump administration’s policy of making asylum seekers wait in Mexico, the judge repeatedly asked the U.S. government lawyer what would happen to these families now.

“I do not have an answer,” replied the lawyer, Kathryn Stuever.

Neither the U.S. government nor the more than 1,000 people awaiting asylum hearings in Tijuana and other border cities knows what will happen next to families already returned to Mexico by the Trump administration.

The ruling by a U.S. District Court judge on Monday made clear that the 11 plaintiffs who sued the government over the policy would be brought back to the United States to press their asylum claims. It also made clear that, for now, new asylum seekers could not be forced to await resolution of their cases south of the border.

But the hundreds of people now living in shelters, from tents inside warehouses to more established settings, are in legal limbo – a situation some say frightens them because they feel vulnerable to kidnappings, violence and serious illness.

The migrants are from El Salvador, Honduras, Guatemala and Nicaragua and 286 of them are children. Most do not have legal representation, according to immigration advocates.

In interviews with Reuters in recent days, several reported robberies, violence or attempts to kidnap their children.

Reuters was not able to independently verify their claims. But those interviewed said they did not feel safe in Tijuana and were scared to leave the shelters housing them.

The ruling does not go into effect until Friday and the White House said it would appeal, which could put the decision on hold. The administration has contended that the asylum seekers are pushing the immigration system to its limits. The appeals process could take months, perhaps extending through the 2020 presidential campaign, legal experts said.

In court Tuesday, Veronica Guadalupe Galdamez, 32, appeared with her two children and her partner. They asked for more time to get a lawyer. In court, her partner claimed fear of being returned to Mexico because “someone tried to take one of the children.”

Galdamez told Reuters this week she fled El Salvador in 2018 after gang threats. Within minutes of returning to Mexico after her first U.S. court hearing on April 1, she said, two men tried to steal her 4-year-old son. Reuters was not able to independently corroborate her story.

The dangers of Tijuana are generally known, however. With 138 murders per 100,000 residents in 2018, Tijuana was the most violent city in the world outside a war zone, according to a recent study by Mexico’s Security, Justice and Peace group. San Salvador ranked 24th, with a rate of 50, the study showed.

After appearing in court on Tuesday, Galdamez and her family were referred to an interview with an asylum officer. Her family’s fate was uncertain.

Others in the program remained in Mexico on Tuesday, wondering what the ruling meant for their futures.

Carmen Zepeda, 45, from El Salvador, was returned to Tijuana last month and has her first court hearing on April 22. She fled San Salvador following a death threat against her son and domestic abuse by her husband, she said.

“Now we’re in danger here as well,” she said. “I’m praying they give me the opportunity to cross.”

(Reporting by Andrew Hay in Tijuana, Mexico and Jose Gallego Espina in San Diego; Additional reporting by Yeganeh Torbati, Tom Hals and Lizbeth Diaz; Writing by Kristina Cooke; Editing by Julie Marquis and Lisa Shumaker)

Source: OANN

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Man angry about virginity pleads guilty to threatening women

A man has pleaded guilty to a felony terroristic threat charge after authorities said he threating to target women in a mass shooting because he couldn't get a girlfriend.

Utah prosecutor Chad Grunander tells the Deseret News that 27-year-old Christopher W. Cleary of Denver was in court Thursday.

Police said Cleary wrote on Facebook he was planning to become a mass shooter because he was still a virgin and wanted to kill as many women as possible.

He was arrested during a trip to Provo, Utah, on January 19, the same day women's marches were held around the country. Colorado authorities have said he was on probation after stalking and threatening women there.

His attorney Dustin Parmley did not immediately return a message seeking comment.

Source: Fox News National

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GOP senators alert Barr to allegations that Mueller team misrepresented emails

Shortly before Special Counsel Robert Mueller filed his report on the Russia investigation last month, Sens. Chuck Grassley, R-Iowa, and Lindsey Graham, R-S.C., alerted Attorney General Bill Barr to what they described as the "selective" use of emails in Mueller court filings -- as well as potential “improper political influence, misconduct, and mismanagement” in the FBI's original Russia probe.

In a March 8 letter, Grassley and Graham referred Barr to a letter sent to Mueller in late 2017 that alleged his investigators had cherry-picked details from emails to include in court documents, urging him to review the materials. They also notified him that they had asked DOJ Inspector General Michael Horowitz a year earlier to review the original FBI probe.

READ THE MUELLER REPORT FINDINGS

It's unclear if Barr reviewed the senators' letter; a DOJ representative declined to comment on the missive.

But Fox News is told the lawmakers wanted Barr to have this material before he reviewed the Mueller report, out of concern some emails were selectively quoted to give a “nefarious” impression.

Fox News has also obtained the 2017 letter (above) from Grassley to Mueller, which spelled out the lawmakers' concerns about the “absence of additional context” in the court filing -- as well as concerns over how those documents were covered in the media. "The glaring lack of [context] feeds speculation and innuendo that distorts the facts," Grassley wrote at the time.

In their March letter to Barr, Grassley and Graham pointed specifically to emails quoted in the Statement of Offense against former Trump adviser George Papadopoulos.

That court filing said Papadopoulos emailed another campaign official in May 2016 with the subject line, "Request from Russia to meet Mr. Trump." The document said the email stated that Russia "has been eager to meet Mr. Trump for quite sometime and have been reaching out to me to discuss," adding in a footnote that the official forwarded the email to another campaign official asking to discuss: "We need someone to communicate that DT is not doing these trips. It should be someone low level in the campaign so as not to send any signal."

The senators said media outlets then seized on the fragments to report a "Campaign official suggested 'low level' staff should go to Russia." However, they said the full emails -- obtained from the Trump campaign -- tell a different story.

“In full context, the emails in question actually show that the Trump Campaign wanted someone 'low level' to decline these types of invitations,” Grassley and Graham wrote in the letter to Barr.

The senators added: “Another citation was reported by some news outlets as evidence that the campaign, notably Papadopoulos and Sam Clovis, encouraged personnel to meet with the Russians." This line in the original court document said that a campaign supervisor (later identified as Clovis) told Papadopoulos "I would encourage you" and another adviser to "make the trip" if possible, with regard to a meeting with Russians.

The senators wrote, however, that "additional context shows that Papadopoulos had conversations with representatives from multiple governments, not just Russia, and that Clovis had opposed any trip to Russia for Mr. Trump and the campaign."

Papadopoulos pleaded guilty to making false statements to FBI agents in October 2017 in connection to the Russia investigation and is currently on a 12-month supervised release from federal prison. He is now seeking a pardon from Trump.

CLICK HERE TO GET THE FOX NEWS APP

Meanwhile, in late February of last year, Graham and Grassley also sent a letter to Horowitz requesting that his office look into “potential improper political influence, misconduct, and mismanagement” of the counterintelligence and criminal investigations into possible collusion between the Trump campaign and Russia before Mueller’s appointment.

“The referral was based in part on materially inconsistent statements reportedly made by Christopher Steele, the author of the anti-Trump dossier funded by the Democratic National Committee and the Clinton campaign during the 2016 presidential election,” their letter to Barr states.

It continues: “The documents we have reviewed also raise questions about the role Bruce Ohr, a senior Justice Department official whose wife worked for Fusion GPS, had in passing allegations from Steele and Fusion GPS to the FBI after the FBI had terminated Mr. Steele as a source.”

The IG's office is reviewing potential surveillance abuses by the FBI, as well as leaks out of the bureau and improper gifts received by officials.

Source: Fox News Politics

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The headquarters of Wirecard AG is seen in Aschheim near Munich
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

April 26, 2019

BERLIN (Reuters) – Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry.

For age reasons alone this would not be an option for Matthias, aged 75, Handelsblatt added.

Matthias will keep his mandate until it ends in 2020, the paper quoted a company spokeswoman as saying.

Wirecard was not immediately available for comment when contacted by Reuters.

(Reporting by Tassilo Hummel; Editing by Thomas Seythal)

Source: OANN

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FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

April 26, 2019

ZURICH (Reuters) – Shareholders approved Credit Suisse’s 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.

Three shareholder advisers had recommended investors vote against Switzerland’s second-biggest bank’s remuneration report, while a fourth backed the report but expressed reservations about whether management pay matched performance.

The approval marked a slight increase over the 80.8 percent support garnered for the bank’s 2017 compensation report.

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

Source: OANN

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FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London
FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson/File Photo

April 26, 2019

By Simon Jessop and Sinead Cruise

LONDON (Reuters) – Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays’ annual meeting next week, even though shareholders are dissatisfied with performance of the group’s investment bank.

New York-based Bramson’s Sherborne Investors and the board of the British bank have been sparring for months over Barclays’ strategy.

Bramson wants to scale back Barclays’ investment bank to reduce risk and boost shareholder returns. Barclays Chief Executive Jes Staley remains staunchly committed to growing the business out of trouble.

After failing to persuade Staley to change course since he began building a 5.5 percent stake in the bank in March last year, Bramson hopes a board seat will rachet up the pressure.

Both sides have written to shareholders pitching their case and Bramson has courted investors in one-on-one meetings, although none have publicly backed him yet.

Interviews by Reuters with five institutional investors in Barclays suggest Bramson has failed to persuade them.

Sherborne declined to comment.

Mirza Baig, head of investment stewardship at top-40 shareholder Aviva Investors, said Bramson was welcome on the bank’s register but the boardroom was a step too far.

“He has created a lot of value at other businesses, but, generally, when he has come in as executive chair and taken full control. This would be a different case where he would just be one lone voice on the board,” he said.

A second Barclays shareholder said he backed Bramson’s goal of improving returns but via an “evolutionary” approach.

“If you look at banks that have tried to restructure their operations in investment banking – you look at Natwest Markets, Deutsche Bank – I struggle to think of an example where a roughshod restructuring has been accretive to shareholder value.”

A third, top-30 investor said he had been impressed by incoming Chairman Nigel Higgins’ grasp of the challenge in hand, and felt investors would give him time.

“Management know they have to execute and deliver improved returns… [Higgins] will continue to re-shape the board but obviously he didn’t feel that having someone with a diametrically opposed view on it would be helpful.”

A fourth, top-30 investor agreed: “We voted for the chairman to come in and it would be crazy to allow an activist to join the board (at this time).”

Jupiter Fund Management, the 24th largest investor, said it also planned to vote against Bramson.

Barclays has nearly 500 institutional shareholders, Refinitiv data showed.

Since Staley joined Barclays in 2015, the investment bank returns relative to capital invested have increased but are still underperforming the overall business.

Barclays’ first-quarter figures showed the investment bank posted a 6 percent drop in income from its markets business and a 17 percent fall in banking advisory fees.

Returns in the investment bank fell to 9.5 percent from 13.2 percent a year ago.

Famed for successful campaigns against smaller British companies in sectors from chemicals to advertising, Bramson’s board seat pitch has been rebuffed by shareholder advisory firms.

Institutional Shareholder Services, the world’s biggest, said Bramson’s proposal “falls short of what can reasonably be expected from a shareholder trying to address issues at a 28 billion pounds, systemically important bank”.

Glass Lewis also flagged concern about Bramson’s lack of banking experience and “questionable” shareholding structure, referring to Sherborne’s use of derivative contracts to hedge losses should its strategy fail.

Critics said the arrangement meant his interests are not truly aligned with those of other long-term shareholders.

British advisory firm Pirc, however, said it recommended that investors abstain in the vote on Bramson’s proposal as a challenge to the board to do better in the year ahead – or face a similar contest in 2020.

(Editing by Jane Merriman)

Source: OANN

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https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

After an over 15-month pregnancy, “Akuti,” a 7-year-old Greater One Horned Indian Rhinoceros, gave birth as a result of induced ovulation and artificial insemination at Zoo Miami, April 23, 2019.

Ron Magill/Zoo Miami

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2019/04/918/516/02_2.jpg?ve=1&tl=1

Source: Fox News World

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FILE PHOTO: File photo of a Chevron gas station sign in Del Mar, California
FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/File Photo

April 26, 2019

(Reuters) – U.S. oil and natural gas producer Chevron Corp reported a 27 percent fall in quarterly earnings on Friday, hit by lower crude prices and weaker margins in its refining and chemicals businesses.

Net income attributable to the company fell to $2.65 billion, or $1.39 per share, for the first quarter ended March 31, from $3.64 billion, or $1.90 per share, a year earlier.

Earlier in the day, larger rival Exxon Mobil Corp reported earnings well below analysts’ estimates, as margins in its refining business were hurt by higher Canadian prices and heavy scheduled maintenance.

(Reporting by Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

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