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Tiger Woods’ Masters win gives Nike investors another reason to cheer

Tiger woods celebrates after winning the 2019 Masters
FILE PHOTO: Golf - Masters - Augusta National Golf Club - Augusta, Georgia, U.S. - April 14, 2019 - Tiger Woods of the U.S. celebrates on the 18th hole after winning the 2019 Masters. REUTERS/Brian Snyder

April 15, 2019

(Reuters) – Nike Inc’s long-time brand ambassador Tiger Woods gave investors another reason to cheer on Monday, after the world’s biggest name in golf won the Masters, pushing the company’s stock higher.

In his signature red shirt and black shoes with the Nike “swoosh” logo, the 43-year-old came back from a series of setbacks to claim his fifth Green Jacket on Sunday, ending an 11-year major title drought.

“A win for a high profile endorser is a clear win for the brand,” Nomura Instinet analyst Simeon Siegel said.

Nike celebrated his victory by posting an ad on its website titled “Tiger Woods: Same Dream,” which has received nearly 500,000 views on YouTube in less than a day.

President Donald Trump praised the win, tweeting: “Love people who are great under pressure. What a fantastic life comeback for a really great guy!”

Nike and Woods forged a partnership that dates back more than two decades through good times and bad publicity.

The brand already has a celebrated pool of endorsers, including tennis star Serena Williams, basketball phenom LeBron James, soccer stars Cristiano Ronaldo and Neymar Jr, as well as golfers Francesco Molinari and Brooks Koepka.

While not transformational, Woods’ win should provide a boost to Nike’s golf apparel business, marketing consultancy firm Metaforce co-founder Allen Adamson said.

“His win is good for golf and its good for Nike,” he said.

Nike’s shares were up about 1 percent at $87 Monday morning.

(Reporting by Nivedita Balu and Uday Sampath Kumar in Bengaluru; Editing by Anil D’Silva)

Source: OANN

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Child welfare agencies scrutinized after teen’s brutal death

Pennsylvania officials are scheduled to release a report on how child welfare agencies handled the case of a teenager who endured years of abuse before her 2016 rape and murder.

Sara Packer pleaded guilty to first-degree murder and was sentenced Friday to life without parole for plotting the death of her adoptive daughter, 14-year-old Grace Packer. Sara Packer's boyfriend, Jacob Sullivan, who raped and strangled Grace, was sentenced to death last week.

The teenager suffered mental, sexual and physical abuse in the years leading up to her murder, but child welfare officials allowed her to remain in Sara Packer's home.

The state Department of Human Services investigated Grace's death. Its report was kept under wraps while Packer and Sullivan were being prosecuted. With the criminal case now over, state officials say they'll release their findings Monday.

Source: Fox News National

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U.S. hopes to continue talks with North Korea: Pompeo

Secretary of State Mike Pompeo speaks during a news conference in Washington
U.S. Secretary of State Mike Pompeo speaks during a news conference at the State Department in Washington, U.S., March 15, 2019. REUTERS/Yuri Gripas

March 15, 2019

WASHINGTON (Reuters) – The United States is hopeful that it can continue to hold denuclearization talks with North Korea, U.S. Secretary of State Mike Pompeo said on Friday following reports that a top Pyongyang official had said the country may suspend negotiations.

Pompeo, speaking at a news conference, also said he had every expectation that North Korean leader Kim Jong Un would live up to his commitment not to resume nuclear and missile testing.

“We’re hopeful that we can continue to have conversations, negotiations,” the top U.S. diplomat told reporters, adding that North Korea’s Vice Foreign Minister Choe Son Hui had left open the possibility of continued talks in the reported remarks.

“It’s the administration’s desire that we continue to have conversations around this,” Pompeo added.

U.S. officials have said they remain open to talks after the second summit between Kim and President Donald Trump collapsed last month with no deal, but have given no specifics.

(Reporting by Lesley Wroughton, David Brunnstrum and Doina Chiacu; Writing by Susan Heavey; Editing by Jonathan Oatis)

Source: OANN

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Finland’s ombudsman to investigate any Nokia-branded phones data breaches

Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona
FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez

March 21, 2019

HELSINKI (Reuters) – Finland’s data protection ombudsman said on Thursday he would investigate whether there was any data breach by Nokia-branded phones after Norway’s public broadcaster reported that it had proof the mobiles had sent data to China.

Ombudsman Reijo Aarnio told Reuters he would assess whether there were any breaches that involved “personal information and if there has been a legal justification for this.”

Nokia-branded mobile phones are developed by a separate Finnish company HMD Global. Nokia declined to comment and HMD Global was not immediately available.

(Reporting by Anne Kauranen; Editing by Edmund Blair)

Source: OANN

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Austria’s Signa partners with RFR to buy New York’s Chrysler Building: sources

FILE PHOTO: New York City's iconic Chrysler Building is seen in Manhattan
FILE PHOTO: New York City's iconic Chrysler Building that was opened in 1930 on East 42nd Street is seen in Manhattan, New York, U.S., January 9, 2019. REUTERS/Mike Segar/File Photo

March 9, 2019

(This story corrects the name of Signa founder in paragraph 7)

By Greg Roumeliotis and Harry Brumpton

(Reuters) – Signa Holding GmbH, Austria’s largest privately owned real estate company, will buy the iconic Chrysler Building in New York City in partnership with property firm RFR Holding LLC for about $150 million, people familiar with the matter said.

Signa and RFR are equal partners in a joint venture that signed an agreement on Friday to buy the building from the Abu Dhabi Investment Council at a fraction of what it paid to own it, the sources said.

Abu Dhabi had splashed out $800 million to own a 90 percent stake in the Chrysler Building at the onset of the 2008 financial crisis. Property values subsequently crashed, and in some cases never fully recovered.

The sources asked not to be identified as they were not authorized to speak publicly about the matter. Signa Holding and CBRE, which has handled the sale process of the asset, declined to comment. RFR did not immediately respond to a request for comment.

The art-deco tower, which was the world’s tallest building when completed in 1930 only to be eclipsed by New York’s Empire State Building, is considered a crown jewel of the city’s skyline. Its old age is fueling maintenance costs, however, and its historical status has often made modifications to the needs of its tenants difficult.

Weighing on the sale price was the rent that the Chrysler Building has to pay to the Cooper Union school, because it does not own the land underneath the property. The annual rent increased to $32.5 million in 2018 from $7.75 million in 2017. The lease will increase to $41 million in 2028, according to financial statements from Cooper Union.

The deal marks Signa’s debut in the U.S. property sector. Led by its founder René Benko, Signa has a sprawling real estate and retail portfolio in Europe. Its real estate assets are worth more than 14 billion euros ($16 billion), while its development projects have a gross asset value of over 8 billion euros, according to its website.

Signa is no stranger in investing in numerous landmark buildings in prime locations. Its holdings include KaDeWe and the Upper West Tower in Berlin, Goldenes Quarter with the Park Hyatt Hotel in Vienna, Alte Akademie in Munich, and Alsterhaus and Alsterarkaden in Hamburg.

Founded in 1991 by Aby Rosen and Michael Fuchs, RFR made its name in real estate by owning and managing some of Manhattan’s most prestigious office properties, including the Seagram Building and Lever House, which are located on Park Avenue.

Signa and RFR have done deals together in the past, including in 2017, when Signa agreed to buy five landmark properties from RFR in Berlin, Hamburg, Frankfurt and Munich for about 1.5 billion euros.

The Real Deal had earlier reported RFR’s role in the deal for the Chrysler Building.

(Reporting by Gregory Roumeliotis and Harry Brumpton in New York; Additional reporting by Herb Lash)

Source: OANN

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BIDEN GETS READY: Joe goes to childhood home with film crew

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Embassy building in Madrid back to normal after false bomb threat: police

A police tape is pictured in front of the towers of a skyscraper housing embassies, after a bomb threat, in Madrid
A police tape reading: "Do not pass" is pictured in front of the towers of a skyscraper housing embassies, after a bomb threat, in Madrid, Spain, April 16, 2019. REUTERS/Juan Medina

April 16, 2019

MADRID (Reuters) – People were being allowed back into a building housing several embassies in Madrid on Tuesday after a bomb threat received there was found to be false, police said on Twitter.

The Australian, British, Canadian and Dutch embassies are all located in the building, which was evacuated after the Australian embassy received a bomb threat by telephone earlier on Tuesday, a police spokeswoman said.

(Reporting by Jose Elias Rodriguez, editing by Isla Binnie)

Source: OANN

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Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of
Avengers fans gather at the TCL Chinese Theatre in Hollywood to attend the opening screening of “Avengers: Endgame” in Los Angeles, California, U.S., April 25, 2019. REUTERS/Mike Blake

April 26, 2019

LOS ANGELES (Reuters) – Marvel Studios superhero spectacle “Avengers: Endgame” hauled in a record $60 million at U.S. and Canadian box offices during its Thursday night debut, distributor Walt Disney Co said.

Global ticket sales for the film about Iron Man, Hulk and other popular characters reached $305 million for the first two days, Disney said.

(Reporting by Lisa Richwine; Editing by Chizu Nomiyama)

Source: OANN

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Funeral of journalist Lyra McKee in Belfast
Labour Party leader Jeremy Corbyn attends the funeral service for murdered journalist Lyra McKee at St Anne’s Cathedral in Belfast, Northern Ireland April 24, 2019. Brian Lawless/Pool via REUTERS

April 26, 2019

LONDON (Reuters) – The leader of Britain’s opposition Labour Party, Jeremy Corbyn, said on Friday he had turned down an invitation to a state dinner which will be part of U.S. President Donald Trump’s visit to Britain in June.

“Theresa May should not be rolling out the red carpet for a state visit to honor a president who rips up vital international treaties, backs climate change denial and uses racist and misogynist rhetoric,” Corbyn said in a statement.

He said maintaining the relationship with the United States did not require “the pomp and ceremony of a state visit” and he said he would welcome a meeting with Trump “to discuss all matters of interest.”

(Reporting by Andy Bruce; Writing by William Schomberg)

Source: OANN

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A bedridden 67-year-old woman and more than a dozen animals were rescued Thursday after a welfare check found that they were living in a home filled with trash, urine, and feces, Florida police said.

Pinellas County sheriff’s deputies said when they arrived at the home in Dunedin around 7:20 p.m. Thursday, they could smell the odor of rotting trash and animal feces as they walked up to the driveway.

“Inside the residence, the odor of feces and urine was so overwhelming that deputies had to don masks,” the sheriff’s department said in a statement.

FLORIDA SHERIFF ON BORDER CRISIS AFTER MAJOR DRUG BUST: ‘IT MAKES ME ABSOLUTELY CRAZY’

Walking throughout the residence, the deputies found 10 emaciated dogs and puppies living in bins filled with their own feces, five large Macaw birds flying freely, rats, bugs and overall squalor.

Puppies discovered living in their own feces inside a Florida home that was filled with trash, urine, and feces.

Puppies discovered living in their own feces inside a Florida home that was filled with trash, urine, and feces. (Pinellas County Sheriff’s Office)

Deputies said due to the large amounts of trash in the home, they had to clear a path to reach the victim’s bedroom.

“None of the home’s toilets were working and all were found to be overflowing with feces,” deputies said. “The only working sink was located on the opposite end of the house from the victim’s bedroom.”

They said there was no food or water for the victim or the animals.

FLORIDA MAN IN EASTER BUNNY COSTUME CAUGHT IN VIRAL BRAWL IS WANTED IN NEW JERSEY, HAS HISTORY OF ARRESTS

The victim was transported to a local hospital for injuries that were non-life threatening, while the animals were transported to shelters.

The woman’s caretaker, Richard Lawrence Goodwin, 65, was arrested and charged with abuse and neglect of an elderly person, disabled person, and cruelty to animals.

Richard Goodwin, 69, was arrested for abuse and neglect of an elderly and disabled person after deputies found she was living in deplorable conditions.

Richard Goodwin, 69, was arrested for abuse and neglect of an elderly and disabled person after deputies found she was living in deplorable conditions. (Pinellas County Sheriff’s Office)

The sheriff’s department said this was Goodwin’s second arrest for abuse and neglect of the same victim. He was previously arrested in May 2018.

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Neighbor Victoria Muenzerbeer told FOX 13 that Goodwin and the victim were hoarders and the conditions inside the home were horrible years ago when she visited once.

“I went in and it was absolutely, a human being couldn’t live there,” she said. “The kitchen wasn’t usable and part of the wall was falling in.”

Source: Fox News National

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Libyan Minister of Economy Ali Abdulaziz Issawi speaks during an interview with Reuters in Tripoli
Libyan Minister of Economy Ali Abdulaziz Issawi speaks during an interview with Reuters in Tripoli, Libya April 25, 2019. REUTERS/Hani Amara

April 26, 2019

By Ulf Laessing

TRIPOLI (Reuters) – Libya’s U.N.-recognized government has budgeted up to 2 billion dinars ($1.43 billion) to cover costs of a three-week-old war for control of the capital, such as treatment for the wounded, to be funded without new borrowing, the economy minister said.

Ali Abdulaziz Issawi suggested the government hoped for business to continue more or less as usual despite the assault on Tripoli, in the country’s northwest, by forces tied to a parallel administration based in the eastern city of Benghazi.

Once Africa’s third largest producer of oil, Libya has been riven by factional conflict since the fall of Muammar Gaddafi in 2011, with the country now broadly split between eastern-based forces under Khalifa Haftar and the U.N.-backed government in Tripoli, in the west, under Prime Minister Fayez al-Serraj.

Still, with Haftar’s Libyan National Army forces unable so far to pierce defenses in Tripoli’s southern suburbs, normal life and business activities continue in much of the capital and western coastal towns.

Issawi, in an interview with Reuters in his Tripoli office, also said Libya’s commercial ports and wheat imports were still functioning normally, although some roads have been blocked.

He said the Serraj government estimates it will spend up to 2 billion dinars extra on medical treatment for wounded, aid for displaced people and other “emergency” war costs.

He said this was not military spending but analysts believe that the sum will also cover expenditures such as pay for allied armed groups or food for fighters.

“We could actually spend less,” he added, in comments that gave the first insight into the economic impact of the fighting.

Issawi said the Tripoli government, which controls little territory beyond the greater capital region, would not incur new debt to fund the war costs, sticking to a plan to post a 2019 budget without a deficit.

Tripoli derives revenue largely from oil and natural gas production, interest-free loans from local banks to the central bank, and a 183 percent surcharge on foreign exchange transactions conducted at official rates.

But with centralized tax collection greatly diminished, public debt has piled up – to 68 billion dinars in the west, including unpaid state obligations such as social insurance.

Some analysts expect Serraj’s government will be forced to raise new debt if the war for control of Tripoli drags on.

With much of Libya dominated by armed factions that also act as security forces, the public wage bill for both the western and eastern administrations has soared as fighters have been made public employees in efforts to buy their loyalty.

The east has sold bonds worth 35 billion dinars outside the official financial system as the Tripoli central bank does not fund the parallel government apart from some wages.

Despite its limited reach, the Tripoli government still runs an annual budget of around 46.8 billion dinars, mainly for public salaries and fuel subsidies.

“This year we cannot finance via debt…we will not borrow (by agreement with the central bank),” Issawi said.

According to International Monetary Fund data, Libya’s central government debt-to-GDP ratio is 143 percent, making it one of the most heavily indebted in the world on that measure.

Issawi declined to say what parts of the budget would be trimmed to support the extra outlay for war costs.

However, with some 70 percent of the budget allocated to public wages, fuel subsidies and other welfare benefits, a portion devoted to infrastructure is most likely to be axed.

Widespread lawlessness has meant there have been no major infrastructural projects since 2011, when a NATO-backed uprising overthrew dictator Muammar Gaddafi, leaving schools, hospitals and roads in acute need of restoration.

FOREX SURCHARGE

Issawi said the government planned to raise as much as 30 billion dinars by the end of 2019 from hard currency deals after imposing in September a 183 percent surcharge on commercial and private transactions done on the official rate of 1.4 to the U.S. dollar. That fee has effectively devalued the official rate to 3.9, much closer to the black market equivalent.

Some 17 billion dinars have been raised since then, with hard currency allocated for import credit letters now issued without delays, Issawi said. The forex fee has helped the government forecast a budget in the black for 2019.

Despite the narrowing spread between the two rates, the black market continues to thrive. Dozens of traders remained at their favorite spot behind the central bank headquarters in Tripoli when Reuters reporters visited it last week.

But traders said it could take time for the Serraj government to register the extra forex receipts as official banking channels were taking up to six months to approve import financing, keeping the black market in play for dealers.

Issawi said authorities planned to lower the forex fee from 183 percent, without saying when. The black market rate has dropped from 6 to around 4.1 since September but it has hardly moved of late as demand for black market cash remains high.

The Tripoli government has stopped subsidizing food and bread, which used to be cheaper than drinking water in Libya. Wheat imports are now being arranged by private traders and there are surplus stocks of flour at the moment, Issawi said.

(Reporting by Ulf Laessing in Tripoli with additional reporting by Karin Strohecker in London; Editing by Mark Heinrich)

Source: OANN

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Rep. Gerry Connolly, D-Va., threatened possible jail time for White House officials refusing to comply with subpoenas to testify before the House Oversight Committee.

Connolly, a member of the House panel, made his comments during an interview on CNN on Thursday. He said that “if a subpoena is issued and you’re told you must testify, we will back that up.”

He added: “And we will use any and all power in our command to make sure it’s backed up — whether that’s a contempt citation, whether that’s going to court and getting that citation enforced, whether it’s fines, whether it’s possible incarceration.”

“We will go to the max to enforce the constitutional role of the legislative branch of government.”

His comments came after three officials have refused to comply with congressional requests to testify, CNN noted.

Trump told The Washington Post that his staff should not testify on Capitol Hill, explaining that the White House cooperated fully with special counsel Robert Mueller and “there is no reason to go any further, especially in Congress where it’s very partisan.”

Source: NewsMax Politics

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