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2018 was low point and turning point for Danske Bank: chairman

FILE PHOTO: General view of the Danske Bank building in Copenhagen
FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo

March 18, 2019

COPENHAGEN (Reuters) – Last year was a low point for Danske Bank due to the massive money laundering scandal linked to its Estonian branch, but also a turning point for the Danish bank, its chairman told investors at an annual general meeting in Copenhagen on Monday.

“2018 became a low point for Danske Bank. But I also see it as a turning point,” Karsten Dybvad said, adding the bank began an internal dialogue about its role in society.

(Reporting by Teis Jensen; Editing by Mark Potter)

Source: OANN

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College coaches among 50 indicted in college entrance exam scandal

U.S. Attorney for the District of Massachusetts Andrew Lelling is interviewed by Reuters in Boston
FILE PHOTO: U.S. Attorney for the District of Massachusetts Andrew Lelling is interviewed by Reuters in his offices at the U.S. Federal Courthouse in Boston, Massachusetts, U.S., September 4, 2018. REUTERS/Brian Snyder

March 12, 2019

Nine current or former college coaches are among the 50 people indicted in a nationwide college admissions scandal, according to court documents unsealed Tuesday in Boston.

The alleged scheme involved getting students admitted to some of the top schools in the country as recruited athletes — regardless of athletic ability — and helping those applicants cheat on their entrance exams, according to the documents.

U.S. Attorney for Massachusetts Andrew Lelling called it the “largest college admissions scam ever prosecuted by the department of justice.”

He said part of the charges were related to securing admission to elite colleges by bribing coaches under false pretenses.

“In return for bribes, these coaches agreed to pretend that certain applicants were recruited, competitive athletes, when, in fact, the applicants were not. As the coaches knew, the students’ athletic credentials had been fabricated.”

The documents unsealed from the investigation — called Operation Varsity Blues — showed Tuesday that Yale women’s soccer coach Rudy Meredith is alleged to have helped non-recruits get into the prestigious Ivy League school by claiming they were recruits.

The charges involved 33 parents “who paid enormous sums to guarantee their children’s admissions to certain schools through the use of bribes and fake academic and athletic credentials,” Lelling said.

One of the schemes involved parents paying William Singer, the founder of a college prep business, $15,000 to $75,000 to have someone take the SAT or ACT for their children. He was expected to plead guilty Tuesday afternoon, according to prosecutors at a press conference.

The schools involved — Stanford, UCLA, Wake Forest, Yale, Georgetown, University of Texas, University of San Diego, USC — are not believed to have taken part in wrongdoing. The indictment documents, for example, suggest Meredith accepted funds via a charitable organization and did not report any of the details of the plot to Yale officials, including payments.

Other named in the indictment are current Texas tennis coach and former Kansas tennis coach Michael Center, Stanford sailing coach John Vandemoer, former Georgetown tennis coach Gordon Ernst, several USC coaches and UCLA men’s soccer coach Jorge Salcedo.

Actresses Lori Loughlin and Felicity Huffman are among the indicted, according to reports.

–Field Level Media

Source: OANN

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Rep. Ratcliffe: Dems Won't Find What Mueller Couldn't

Democratic House committee chairmen who want to keep looking into claims of collusion and obstruction on the part of President Donald Trump and his 2016 campaign will not find anything that special counsel Robert Mueller was not able to find over the course of his lengthy investigation, Rep. John Ratcliffe, R-Texas, said Monday.

"Bob Mueller, who had unlimited time, unlimited money, unlimited resources, 40 FBI agents working with 20 federal prosecutors couldn't find any evidence of any crimes," the Texas Republican, a member of the House Intelligence and Judiciary committees, told Fox News' "America's Newsroom." "What in the name of God's green Earth makes anyone think that Adam Schiff, Jerry Nadler, and Elijah Cummings could find what Bob Mueller couldn't?"

Ratcliff noted that in the Senate, where Republicans control the Judiciary Committee, Chairman Lindsey Graham, R-S.C., has already agreed there are questions surrounding the push for the Mueller investigation.

He also called it "disappointing" so many people are saying the investigation is not over and said the House does not need to investigate what Mueller already has.

Ratcliffe said he has spoken with Inspector General Michael Horowitz, and learned he hopes to be finished with his own report on Trump by May or June.

Further, he said John Huber, the U.S. attorney in Utah, has "been dispatched" to look into the potential that "criminal aspects" might have come into play behind the Mueller probe.

"Between those investigations, the American people will hopefully get answers to those questions much sooner than later," Ratcliffe said.

Source: NewsMax Politics

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Elton John, Sting, Chick Corea top big-name Montreux bill

Elton John performs during his
FILE PHOTO - Elton John performs during his "Farewell Yellow Brick Road" final tour at the Staples Center in Los Angeles, California, U.S. January 22, 2019. REUTERS/Mario Anzuoni

April 9, 2019

By Stephanie Nebehay

LAUSANNE, Switzerland (Reuters) – Elton John is the big draw at this summer’s Montreux Jazz Festival, part of an eclectic line-up packed with big names that also features Sting, Janet Jackson, Chick Corea and Radiohead frontman Thom Yorke.

The former The Police singer will open the 53rd edition of one of Europe’s most celebrated summer music festivals on June 28, while veteran producer Quincy Jones will host the closing concert – an orchestral soundtrack of his 80s hits – on July 13.

In between, Sir Elton, Anita Baker and Joan Baez will appear as part of their respective farewell tours.

The English singer-songwriter was initially booked for two nights, but those appearances have been merged into single show for 15,000 fans on June 29 at Saussaz stadium, a new venue for Montreux.

It will be the first ever open-air performance at the festival, better known for the intimacy and superb sound quality of its concert hall settings.

Janet Jackson, who was inducted into the Rock and Roll Hall of Fame last month, will perform days after the 10th anniversary of her brother Michael’s death from an overdose of an anesthetic he used as a sleep agent.

For jazz purists, multiple Grammy winner Corea brings a flamenco flavor with his Spanish Heart Band, while New Orleans trumpeters Christian Scott aTunde Adjuah and Terence Blanchard will open for drummer Billy Cobham, celebrating his 75th birthday.

“When you see the strong personalities booked at (the main) Stravinski Auditorium, maybe that is the guiding principle of this year … – all artists who marked a moment in music,” festival director Mathieu Jaton told Reuters.

“There is an equilibrium between legends, returning acts, (and) the young stars.”

The latter include Canadian Jessie Reyez and U.S. rapper Lizzo, in the charts with her third single “Juice” and opening for actress and singer Janelle Monae – returning after a Grammy album of the year nomination for “Dirty Computer”.

Melody Gardot is making her first appearance in the cabaret 600-seat Club. “Shotgun” singer George Ezra, who won the British Male Solo Artist at the BRIT Awards in February, moves to the main stage.

Lauryn Hill is expected to revisit Nina Simone classics and her own R&B hits.

(Reporting by Stephanie Nebehay; editing by John Stonestreet)

Source: OANN

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Texas Rep. Gohmert says Dems will drag out Mueller report as way to put off prison

Rep. Louie Gohmert, R-Texas, said on “The Todd Starnes Show” that Dems' obsession with the Mueller report exists for good reason: to cover up their own misdeeds.

Said the lawmaker, "As long as the Democrats in their minds ... can drag this thing out, and keep throwing rocks at Trump, then the better chance that no Democrats will be going to prison.”

The release of the full investigative report, with redactions, on Thursday was, to some observers, a moment of closure nearly two years in the making. At the same time, though, others saw it as just the start of a new round of partisan conflict.

READ THE ROBERT MUELLER REPORT

The report aligned with the findings revealed in Attorney General Bill Barr’s four-page memo from a month ago — no collusion with Russia, no clear verdict on obstruction. But it also added new layers of detail about Trump’s purported efforts to thwart the investigation.

Looking ahead, both sides were already using the findings to reiterate and amplify arguments about Trump’s conduct, Republicans cast him as a victim of harassment, while Dems painted the president as stepping far over the line to derail the investigation.

CLICK HERE TO GET THE FOX NEWS APP

The Associated Press contributed to this report.

Source: Fox News Politics

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Canadian capital of Ottawa declares state of emergency as waters swell

A man looks out at a flooded residential area in Gatineau
A man looks out at a flooded residential area in Gatineau, Quebec, Canada, April 24, 2019. REUTERS/Chris Wattie

April 26, 2019

MONTREAL/OTTAWA (Reuters) – Rising waters were prompting further evacuations in central Canada on Thursday, with the mayor of the country’s capital, Ottawa, declaring a state of emergency and Quebec authorities warning that a hydroelectric dam was at risk of breaking.

Ottawa Mayor Jim Watson declared the emergency in response to rising water levels along the Ottawa River and weather forecasts that called for significant rainfall on Friday.

In a statement on Twitter, Watson asked for help from the Ontario provincial government and the country’s military.

He warned that “flood levels are currently forecasted to exceed the levels that caused significant damage to numerous properties in the city of Ottawa in 2017.”

Spring flooding had killed one person and forced more than 900 people from their homes in Canada’s Quebec province as of 1 p.m. on Thursday, according to a government website.

Ottawa has received 80 requests for service related to potential flooding such as sandbagging, a city spokeswoman said.

The prospect of more rain over the next 24 to 48 hours triggered concerns on Thursday that the hydroelectric dam at Bell Falls in the western part of Quebec could be at risk of failing because of rising water levels.

Quebec’s provincial police said 250 people were protectively removed from homes in the area as of late afternoon in case the dam on the Rouge River breaks.

The dam is now at its full flow capacity of 980 cubic meters per second of water, said Francis Labbé, a spokesman for the province’s state-owned utility, Hydro Quebec. He said Hydro Quebec expected the flow could rise to 1,200 cubic meters per second of water over the next two days.

“We have to take the worst-case scenario into consideration, since we`re already at the maximum capacity,” Labbé said by phone.

The dam is part of a power station that no longer produces electricity, but is regularly inspected by Hydro Quebec, he said.

(Reporting by Allison Lampert in Montreal and David Ljunggren and Julie Gordon in Ottawa; Editing by James Dalgleish and Peter Cooney)

Source: OANN

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Afghan forces battle Taliban for 5th day in western province

Afghan forces have launched an operation to drive back the Taliban four days after the insurgents attacked and besieged an army compound in the western Badghis province.

Col. Qais Mangal, a Defense Ministry spokesman, said Monday that at least 12 security forces have been killed in the last 48 hours, bringing the overall death toll to more than 40. Dozens more have been wounded. Mangal says dozens of insurgents have been killed and wounded by air and ground forces.

A provincial council member said last week that around 600 Afghan security forces were trapped inside the base, running low on ammunition, food and water. There was no immediate update on their numbers or condition.

The Taliban effectively control half the country and launch daily attacks on the army and police.

Source: Fox News World

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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)

Source: OANN

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FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo

April 26, 2019

(Reuters) – Ford Motor Co said on Friday the U.S. Department of Justice had opened a criminal investigation into the automaker’s emissions certification process in the United States.

The potential concern does not involve the use of defeat devices, the company said in a regulatory filing. (https://bit.ly/2VqjHpl)

Ford had voluntarily disclosed the matter to the U.S. Environmental Protection Agency and the California Air Resources Board in February.

(Reporting by Ankit Ajmera in Bengaluru; Editing by James Emmanuel)

Source: OANN

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