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Deputy Attorney General Rosenstein to step down in March: official

FILE PHOTO: U.S. Deputy Attorney General Rod J. Rosenstein attends the Los Angeles Crimefighters Leadership Conference
FILE PHOTO: U.S. Deputy Attorney General Rod J. Rosenstein attends the Los Angeles Crimefighters Leadership Conference in Los Angeles, California, U.S., February 7, 2019. REUTERS/Mike Blake/File Photo

February 19, 2019

WASHINGTON (Reuters) – Rod Rosenstein, the U.S. deputy attorney general who appointed special counsel Robert Mueller to investigate possible ties between Russia and President Donald Trump’s campaign, is expected to step down by mid March, a Justice Department official said on Monday.

Rosenstein had been expected to depart shortly after new Attorney General William Barr took over. Barr was confirmed by the U.S. Senate last week.

(Reporting by Sarah N. Lynch; Editing by Dan Grebler)

Source: OANN

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CVS Health quarterly revenue rises 12.5 percent

FILE PHOTO: A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York
FILE PHOTO: A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson/File Photo

February 20, 2019

(Reuters) – CVS Health Corp reported a 12.5 percent increase in quarterly revenue on Wednesday, driven by strong pharmacy sales and its recent acquisition of health insurer Aetna.

The drugstore chain operator and pharmacy benefits manager booked a net loss of $419 million, or 37 cents per share, in the fourth quarter ended Dec. 31, compared with a net income of $3.29 billion, or $3.22 per share, a year earlier when it benefited from changes to U.S. tax laws.

Revenue rose to $54.42 billion in the quarter from $48.39 billion a year earlier.

(Reporting by Aakash Jagadeesh Babu and Manas Mishra in Bengaluru; Editing by Saumyadeb Chakrabarty)

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Ghosn’s lawyer expects fresh indictment to come later Monday

FILE PHOTO: Junichiro Hironaka, chief lawyer of the former Nissan Motor chairman Carlos Ghosn, walks in front of a screen showing Ghosn's video statement during a news conference at Foreign Correspondents' Club of Japan in Tokyo
FILE PHOTO: Junichiro Hironaka, chief lawyer of the former Nissan Motor chairman Carlos Ghosn, walks in front of a screen showing Ghosn's video statement during a news conference at Foreign Correspondents' Club of Japan in Tokyo, Japan April 9, 2019. REUTERS/Issei Kato

April 22, 2019

TOKYO (Reuters) – The lead lawyer for Carlos Ghosn said he expected a fresh indictment for the former Nissan Motor Co boss to come later on Monday.

“We haven’t heard of an indictment yet. I expect it will be this afternoon,” Junichiro Hironaka told reporters outside his office.

Ghosn is expected to be indicted by Tokyo prosecutors Monday for aggravated breach of trust. It would be the fourth charge against him since he was arrested in November on suspicion of financial misconduct. He has denied all allegations against him.

(Reporting by Tim Kelly; Editing by Himani Sarkar)

Source: OANN

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Iraqi PM Abdul Mahdi meets Saudi King Salman on first visit to Saudi Arabia

Saudi Arabia's King Salman bin Abdulaziz walks with Iraq's Prime Minister Adel Abdul Mahdi in Riyadh
Saudi Arabia's King Salman bin Abdulaziz walks with Iraq's Prime Minister Adel Abdul Mahdi in Riyadh, Saudi Arabia April 17, 2019. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS

April 17, 2019

BAGHDAD (Reuters) – Iraqi Prime Minister Adel Abdul Mahdi made his first visit to Saudi Arabia since taking office six months ago, meeting King Salman during the stop on a regional tour that has also seen visits to Cairo and Tehran in recent weeks.

Abdul Mahdi has said Iraq would maintain strong ties with Iran, but also with the United States and regional neighbors, many of which, like Saudi Arabia, consider Tehran a foe.

The premier went to Riyadh with a large delegation including officials and businessmen, with trade billed as a prime focus of the discussions between OPEC’s two largest oil producers. Abdul Mahdi’s office said the leaders had signed 13 agreements in areas such as trade, energy and political cooperation.

The countries had historically been at loggerheads since the Iraqi invasion of Kuwait in 1990, but Riyadh has wooed Baghdad as part of an effort to stem the growing influence of Tehran.

During his visit to Tehran, Abdul Mahdi met with President Hassan Rouhani and Supreme Leader Ayatollah Ali Khamenei. Many of Iraq’s leaders, from its Shi’ite majority, have close ties with Iran, the main Shi’ite power in the Middle East.

Earlier this month, Saudi Arabia reopened a consulate in Baghdad which had been closed for 30 years. King Salman also announced his country would provide Iraq $1 billon to build sport facilities, an announcement which kicked of a two-day visit to Iraq by high-level Saudi officials.

(Reporting by Raya Jalabi; Editing by Peter Graff)

Source: OANN

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Democrats request documents on White House ‘sanctuary city’ idea

U.S. Representative Nadler participates in a news conference with fellow Democrats to introduce proposed government reform legislation at the U.S. Capitol in Washington
FILE PHOTO: U.S. Representative Jerry Nadler (D-NY), incoming House Judiciary Committee Chairman, participates in a news conference with fellow Democrats to introduce proposed government reform legislation, which they've titled the For the People Act, at the U.S. Capitol in Washington, U.S. January 4, 2019. REUTERS/Jonathan Ernst

April 15, 2019

WASHINGTON (Reuters) – Top Democrats in the U.S. House of Representatives on Monday demanded documents from the Trump administration over a White House proposal to release migrants from detention and transport them to “sanctuary cities.”

U.S. media reported on Thursday the administration had considered the idea, which would send migrants and asylum seekers who had crossed the U.S. border with Mexico to districts represented by Democratic lawmakers.

The following day, Trump confirmed the proposal, saying in a tweet that he was strongly considering it.

Sanctuary cities are local jurisdictions that generally refuse to use their resources to help enforce federal immigration laws against undocumented immigrants that could lead to deportations.

The localities say they do not have any responsibility to involve themselves in federal enforcement and doing so could impede policing efforts within communities.

Since many of these jurisdictions are represented by Democrats, critics saw the plan as a way to taunt Democrats by dangling the possibility of an influx of illegal immigrants into their communities.

In a letter addressed to the White House chief of staff and acting homeland security secretary, the heads of the House Judiciary, Oversight and Homeland Security panels – Representatives Jerry Nadler, Elijah Cummings and Bennie Thompson – called the idea “a bizarre and unlawful attempt to score political points.”

“Not only does the Administration lack the legal authority to transfer detainees in this manner, it is shocking that the President and senior Administration officials are even considering manipulating release decisions for purely political reasons,” the three lawmakers wrote.

They set a deadline for the White House, the Department of Homeland Security, and the Immigration and Customs Enforcement agency to send communications, documents and memoranda on the subject to the lawmakers by May 3.

On Sunday, White House spokeswoman Sarah Sanders told ABC News the administration had initially concluded the proposal was too logistically challenging, but the White House was contemplating its options because the president liked the idea.

The House has been controlled by a Democratic majority since January, but the Senate remains in the hands of Trump’s Republican Party.

Several immigration proposals, including some backed by the White House, failed to receive the necessary number of votes to pass Congress when Republicans controlled both chambers of Congress.

U.S. officers arrested or denied entry to more than 103,000 people along the border with Mexico in March, an increase of more than a third over February and more than twice as many as in the same period last year.

(Reporting by Makini Brice; Additional reporting by Doina Chiacu; Editing by Paul Simao)

Source: OANN

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Australian pilots spells out ‘I’m Bored’ during test flight

An Australian pilot, unenthused with the task of a 2-hour test flight, spelled out the words, “I’m Bored,” on his tracking device Tuesday morning.

The message, which was reportedly “dozens of kilometers” long and flown over Adelaide in South Australia, was seen by aviation followers, but not visible to anyone on the ground. FlightAware captured an image of the pilot’s message which was “drawn” between approximately 9:00 a.m. and noon.

The pilot, who has only been identified in local media as a “young pilot,” was reportedly tasked with testing out a single propeller aircraft at a single speed for two hours in preparation for its sale, Adelaide Now reported.

CALIFORNIA MARINE CORPS PILOTS WHO DREW PENIS SHAPE IN SKY ARE STILL FLYING

Flight Training Adelaide director Pine Pienaar said it’s unlikely the pilot will be disciplined for his actions and that “apparently he got bored.”

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“Young instructors, what can you do?” Pienaar said.

Source: Fox News World

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Donations for burned black churches up after Notre Dame fire

A crowdfunding campaign for three African American churches in Louisiana recently gutted by arson has climbed after social media posts urging the public not to forget them amid the focus on the fire-ravaged Notre Dame cathedral.

A Tuesday tweet from Hillary Clinton noted the Paris tragedy in while reminding followers to "also send some love to our neighbors in Louisiana." Freelance journalist Yashar Ali tweeted that the Notre Dame restoration "will be well funded" and urged support for the Louisiana churches.

The campaign for the Louisiana churches hit $500,000 Tuesday evening, with contributions ranging from $5 to thousands of dollars.

A suspect in custody in connection with the Louisiana blazes faces charges that include hate crimes. The fires happened in and around Opelousas beginning in late March.

Source: Fox News National

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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)

Source: OANN

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