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http://www.reuters.com/article/us-usa-guinea-corruption-idUSKBN17Y2MK?il=0

http://www.reuters.com/article/us-usa-guinea-corruption-idUSKBN17Y2MK?il=0

Ex-Guinea minister in bribery case tells jury that payments were loans

['Brendan Pierson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["CONAKRY (Reuters) - A former minister of the defense in Guinea who pleaded guilty last year to bribery charges told jurors on Thursday that payments were in illegal bank accounts and he never received a payment from a Saudi prince.\nAgape Attina-Attina, who retired in December last year, is the only official to know what happened between her and former kingpin Guinean court general Sidi Moayed Efrain on the eve of the December 2015 presidential vote.\nShe said Efrain and his family used a $45,000 payment from a Baharag Hotel to retain the $230,000 that she received from him for negotiating a boat deal with Ocean Club at a Caribbean beach.\nShe said the payment was between $30,000 and $60,000 of that amount, but that it went through a third party but was hidden because Baharag, which had been run by Abdelmut Fattah Abdel Moneim, had denied any criminal wrongdoing.\nMoayed Efrain was convicted in May of conspiracy to bribe and corruption. The former government minister was sentenced in September to five years in prison for taking over a group of corrupt former administrators under a predecessor.\nAfter pleading guilty, he sought a pardon from the king and president for the palace crisis and offered to go home and forgive two thirds of his nephew's oil revenue he was planning to sell to investors in a separate deal.\nEfrain, 30, a judiciary officer, was also questioned about his dealings with the president, soldiers who had taken over the country in June 2014 and women whose skirts and dresses were being covered up by military regulations. Efrain had once been head of the National Department of Military Affairs and Justice.\n“My relationship with the king, the king of the republic … and my relationship with the king was not satisfactory”, she told the jury. “I committed theft in an attempt to gain access to the king and the king ... It turned out not to be a full two dozen hours of diplomacy.”\nShe described her relationship with Efrain as “a brutal relations as I knew them before”.\nOpposition parties met in August to rewrite the election law to provide judges in other countries with greater powers to make this work.\nBut in the face of opposition pressure, the government on Nov. 20 said the law had been amended to allow the president and the king to choose the judges rather than to leave another electoral commission responsible.\nIn his defence, Efrain, a former plumber, talked about his bribes as an investment offer and financial manipulation. He rejected the charges of corruption.\nHis earlier testimony on Monday also implicated his wife, Desaet Attina Siam, and his daughter Isu Attina-Attina, who went on trial with her husband. The wife claimed she was induced to give a bribe and to take part in the illegal deal.\n"]

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http://www.reuters.com/article/us-usa-trump-congress-idUSKBN17Y1J0?il=0

http://www.reuters.com/article/us-usa-trump-congress-idUSKBN17Y1J0?il=0

Trump urges future government shutdown, easier passage of laws

['Susan Heavey']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['President Donald Trump takes his son-in-law Jared Kushner to the Capitol Building in Washington, U.S., January 1, 2019. REUTERS/Yuri Gripas\nWASHINGTON (Reuters) - President Donald Trump on Thursday urged Congress to resolve a funding dispute in Washington’s long-running budget fight by Jan. 15, three days after the government closed at midnight because of a computer glitch.\nDemocratic Senator Chuck Schumer told reporters at the White House that Trump’s staff will give him all-clear to raise the annual spending bill, which needs approval from Republican majorities in both houses of Congress, for Thursday’s session.\nRepublican Senator Ted Cruz of Texas said Trump’s call for a continuing resolution had made it more difficult for Democrats to get through Congress and the agenda.\nTrump told reporters at the White House on Wednesday that one of his demands for the continuing resolution “is to have a do-over in a day and a half from Jan. 15.”\nHe described it as “nothing short of a tax cut,” adding: “I think there is going to be a vote to put in place this package of regulations for no reason whatsoever.”\nLawmakers have been coming up with a bill that would allow them to close down automatic federal spending limits unless a bill to renew them for six months passes Congress.\nIn the end, they balked at moving until such time as the permanent budget deal was completed.\nThe Democratic-controlled Senate passed a short-term spending bill on Tuesday with GOP-led Republicans sharing blame. The House of Representatives adjourned the session until Friday.\n']

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http://www.reuters.com/article/us-mideast-crisis-syria-jordan-idUSKBN17Y1TG?il=0

http://www.reuters.com/article/us-mideast-crisis-syria-jordan-idUSKBN17Y1TG?il=0

Some 900 Jordanians fight in Syria, Iraq; recruitment slumps: senior official

['Suleiman Al-Khalidi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['GAZA (Reuters) - Jordanians and Palestinians in northern Syria have joined the ranks of those fleeing violence to seek safety in Jordan after a series of border clashes and threats to repeat violence in other parts of the country, a senior army officer said on Wednesday.\nThe closure of border crossings has in recent weeks become particularly acute in towns and villages across Syria’s Nineveh province, especially in the oil-producing northern province of Idlib and in neighbouring Hama, some 10 km (6 miles) away.\nA resident of the northern town of Ghaitha, who declined to be named for fear of reprisals, said some 1,400 Palestinians lived at a temporary shelter in Ghaitha.\nThe level of Jordanian military support for the Palestinian cause in Syria is hard to determine, and the numbers are likely to rise higher as Israel, another powerful ally of Damascus, risks cracking down on Palestinian fighters.\nThe Palestinian refugee community in Lebanon largely stayed in Syria, with many moving to Jordan or Beirut.\n“It’s like air war. Our face is against the concrete,” said Arshad Kelly, a Syrian doctor who used to work in Ghaitha.\nJordan had seized control of almost all of Syria’s borders to Lebanon and Jordan since early 2013, building up military ties with Damascus to become the dominant European country.\nBut since the Islamic State group seized territory from Iraq and Syria in 2014, the United States and its partners have stepped up military intervention in the six-year-old conflict and the widespread bloodshed as Turkish president Tayyip Erdogan has a relatively lenient relationship with Assad and pursued a campaign of bombings against people who sympathize with the militants.\nIsraeli security forces wounded dozens of Palestinians fleeing Syria on Tuesday, including a Jordanian, between 200-300 people, killing three of them, Lebanese health authorities and the Red Crescent said.\nThe attack on the Palestinians was not among a spate of rockets fired from Syria on Tuesday evening, but the Syrian Observatory for Human Rights said at least one Syrian rocket was fired into Israel.\nHamas and other Islamist groups have also unleashed attacks on government forces in Syria and in the coastal city of Raqqa, a major Syrian city ahead of Thursday’s presidential election.\nIsrael has stepped up air and naval strikes in Syria since militants carried out a March 2 rocket attack on Israel, killed 24 Israeli civilians and wounded 13, mostly women, in a raid on the Gaza Strip.\nIsrael does not comment on the attack.\nBut U.S. Secretary of State Mike Pompeo, speaking to the London G20 summit after Hamas’s announcement that it would carry out attacks inside Israel, said: “We are mindful of what has happened in Gaza, and we are watching, and we will not give them time to move from Gaza to Jerusalem.”\nWhile Jordan’s main economy has been hit by cuts in foreign aid and the refugee flows have slowed dramatically since the conflict began in 2011, many of the many refugee camps and refugee centres that were once home to foreign Jewish immigrants have remained closed.\n']

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http://www.reuters.com/article/us-usa-stocks-idUSKBN17Y178?il=0

http://www.reuters.com/article/us-usa-stocks-idUSKBN17Y178?il=0

Wall Street edges up on heavy earnings day; Fed on tap

['Lewis Krauskopf']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Wall Street was firmer on Friday as a high-level of consumer confidence led investors to hike bets the U.S. Federal Reserve will raise interest rates sooner than expected and stocks in China were up after a report showed strong economic growth.\nFILE PHOTO: A US Federal Reserve Board representative observes at the Dow Jones Industrial Average in New York, U.S., July 15, 2017. REUTERS/Brendan McDermid/File Photo\nA survey of U.S. businesses also showed consumer confidence rose to a nine-month high in December.\n“Consumer confidence rose for the third consecutive month, in a full-on boost to the core economy as well as the top and bottom line for this time of year,” said Brian Lee, analyst at Edward Jones in St. Louis.\nU.S. financial shares rallied after Federal Reserve Chair Janet Yellen said last week she expected the central bank to raise interest rates at its March meeting.\nThe Dow Jones Industrial Average .DJI rose 138.33 points, or 0.82 percent, to 20,154.24, the S&P 500 .SPX gained 17.27 points, or 0.76 percent, to 2,917.58 and the Nasdaq Composite .IXIC added 40.25 points, or 0.71 percent, to 7,543.88.\nAdvancing issues outnumbered declining ones on the NYSE by 1,636 to 1,811. On the Nasdaq, 1,053 issues fell and 1,437 rose.\nThe dollar, often viewed as a proxy for stock prices, fell against a basket of currencies, while European shares .FTEU3 fell.\nU.S. crude CLc1 prices LCOc1 was down 4 cents at $49.65 a barrel. U.S. gold futures GCc1 added $1.40 to $1,582.60.\nAbout 6.75 billion shares changed hands on U.S. exchanges, above the 6.86 billion daily average so far this year, according to BATS Global Markets.\nThe S&P 500 Energy index .SPNY rose 0.36 percent, weighed down by declines in Suncor Energy (SU.TO) and Range Resources (RRC.N).\nAt 11:17 a.m. ET (1417 GMT), the Dow Jones Industrial Average .DJI was up 39.44 points, or 0.77 percent, at 20,176.48, the S&P 500 .SPX was up 9.51 points, or 0.53 percent, at 2,751.14 and the Nasdaq Composite .IXIC added 48.98 points, or 0.59 percent, to 7,543.26.\nAdvancing issues outnumbered declining ones on the NYSE by 1,818 to 2,286. On the Nasdaq, 1,169 issues rose and 14 dropped.\n']

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http://www.reuters.com/article/us-usa-house-dodd-frank-idUSKBN17Y2KX?il=0

http://www.reuters.com/article/us-usa-house-dodd-frank-idUSKBN17Y2KX?il=0

Democrats dig in, delay against Dodd-Frank overhaul

['Pete Schroeder']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - A host of Democratic lawmakers called on President Donald Trump on Wednesday to do more to delay the ambitious Dodd-Frank financial reforms he is pushing through Congress, saying such a move would not only harm the economy but also hurt the U.S. auto industry.\nFILE PHOTO: A luxury car is pictured in Dubai, UAE, July 27, 2017. REUTERS/Fadi Al-Assaad/File Photo\nTrump took office four months early this year to enact the banking overhaul, which if passed he says will improve conditions in the financial sector. But several key provisions fell short on strengthening the financial sector.\nThis was exacerbated on Wednesday when two top Senate Democrats, New York’s Chuck Schumer and Louisiana’s Bobby Landon, said their concerns on a broad array of banks, including Goldman Sachs (GS.N) and Citigroup (C.N), failed to sway them.\n“We haven’t seen the regulations on the banking industry yet,” Landon told reporters. “I don’t expect that our voice will be turned on any time soon.”\nHe was referring to a May decision by the Securities and Exchange Commission, which conducted an investigation that found a number of predatory lending practices on Wall Street had been rampant.\n“To put in place the largest and most complicated regulatory regime in the world would put a significant impact on people across the globe,” he said.\nSchumer said that specific consumer provisions are needed to improve lending practices, but he added that it was difficult to say what effect of Trump’s plans would have.\nWashington has yet to provide any policies for the Trump administration to adopt. But Trump has been signaling on several occasions he would seek additional legislative authority to thwart meaningful regulations.\nWhile Trump promised voters that he would fulfill his promises, industry leaders said many of the big issues would need greater attention.\n“The president has a great plan and we should be paying attention,” said Brian Duffy, senior partner at consulting firm ESH Capital.\nDoug Whittington, president of the National Automobile Dealers Association, said regulations were “an unprecedented opportunity” to give industry a solid foothold in developing new markets like Russia and South Korea.\n“The U.S. and other international markets will benefit significantly if, when significant regulations are enacted, ‘regulations are enacted’ rather than agreements,” he said.\nAmong other provisions included in the law were the permanent 25 percent executive dividend or otherwise restricted shareholder rights, the repeal of the Glass-Steagall Act that separated banking and investment banking, the establishment of a securities regulator, the creation of a new national securities regulator, and more ways to treat mergers and acquisitions.\n']

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http://www.reuters.com/article/us-senate-sec-clayton-idUSKBN17Y2KS?il=0

http://www.reuters.com/article/us-senate-sec-clayton-idUSKBN17Y2KS?il=0

U.S. Senate votes to confirm Jay Clayton as SEC chairman

['Sarah N. Lynch']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - The U.S. Senate on Thursday voted 71-14 to confirm federal securities fraud investigator Jay Clayton as the chairman of the Securities and Exchange Commission, the first openly gay person to head the agency.\n(Graphic on Senate vote on Jay Clayton nomination: tmsnrt.rs/2VPCdsL)\nLying next door to former Republican Sen. John Cornyn of Texas, the committee’s top Democrat said the appointment would allow Clayton to aggressively and effectively regulate Wall Street firms and answer to the more conservative views of public servants and Wall Street investors.\n“I think Jay Clayton is a highly qualified and wise and capable member of the Senate Banking Committee, and it makes sense for him to succeed Chairman Andrew Burton,” Democratic Senator Claire McCaskill of Missouri, who represents the Missouri River Valley, said in a statement.\nAfter a historic 2016 Supreme Court ruling enjoining the Affordable Care Act, Clayton worked as an enforcement lawyer and corporate lawyer before joining the SEC in 1990.\nClayton’s nomination is confirmed by the full Senate, which as a body regulates Wall Street, is held in check by Democrats.\nLike Cornyn, Peterson presented Clayton the same type of record for the SEC as Murtha, but he had previously held executive positions at the Federal Deposit Insurance Corp, the Securities and Exchange Commission and the Office of the Comptroller of the Currency, according to SEC records.\nThe Senate voted 60-34 on Wednesday for the nomination, the most Democratic vote against a confirmation since Charlie Dent, a Republican, was nominated to replace Burton in 2005.\nAfter Dent’s election as attorney general in 2014, Democrats wanted to see the SEC pursue regulatory changes to shackle financial institutions that had slipped under the influence of investor abuse.\nBefore Clayton was nominated, Peterson used his time in Austin as chair of the SEC to negotiate a deal that would release seven of the commissioners responsible for investigating the alleged abuse of shareholders and banks.\nIn a letter on Thursday, Peterson sought to clarify that he never met with Jay Clayton before hiring him to serve as the SEC’s chief enforcement officer.\nDemocrats in September voted 56-41 to extend Bill Burton’s term as SEC chair, because one of them wanted to curtail corruption by being too cozy with Wall Street.\n']

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http://www.reuters.com/article/us-usa-trump-putin-syria-idUSKBN17Y2BX?il=0

http://www.reuters.com/article/us-usa-trump-putin-syria-idUSKBN17Y2BX?il=0

Trump, Putin discuss Syria ceasefire in first talks since U.S. air strikes

['Steve Holland and Alexander Winning']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Russian President Vladimir Putin attends a news conference with his Iranian counterpart Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin arrives for a meeting with his Iranian counterpart Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin meets his Iranian counterpart Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin arrives for a meeting with his Iranian counterpart Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin meets his Iranian counterpart Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin holds a meeting with Iranian President Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin gestures as he talks with Iranian President Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin holds a meeting with Iranian President Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin attends a meeting with Iranian President Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin attends a meeting with Iranian President Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin shows a message of Iran to Russian President Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin attends a meeting with Iranian President Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin arrives for a meeting with Iranian President Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin attends a meeting with Iranian President Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin shows a message of Iran to Russian President Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin greets Iranian President Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRussian President Vladimir Putin attends a meeting with Iranian President Hassan Rouhani after the signing of a framework agreement to foster Russian-Iranian co-operation in Syria, at the Russian Foreign Ministry in Moscow, Russia, November 30, 2017. REUTERS/Maxim Shemetov\nRUSSIAN President Vladimir Putin said on Tuesday Russia and Iran have worked together to prevent "another war".\n"Each state must be an ally, an expansionist and a spreading power with a strong political tool, and each state must take steps to diminish the aggressiveness of the Soviet bloc and to eliminate the suspicious']

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http://www.reuters.com/article/us-apple-results-idUSKBN17Y2GB

http://www.reuters.com/article/us-apple-results-idUSKBN17Y2GB

Apple posts surprise dip in iPhone sales, shares fall

['Anya George Tharakan and Stephen Nellis']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Apple Inc, in its biggest quarterly sales decline in more than two years, posted a surprise tumble in iPhone sales in the most important market for the flagship gadget and its shares fell 2 percent.\nA worker adjusts a security camera at a new Apple Store in Cupertino, California July 7, 2014. REUTERS/Mike Blake\nApple said sales of iPhone 4, iPhone 6 and iPhone 6 Plus on mobile devices dropped over 90 percent during the quarter from September to October.\nShares of the bellwether company, which sells Apple gadgets to consumers worldwide, were down 1.7 percent at $559.23 in afternoon trading on the New York Stock Exchange.\nLast year Apple sold $499.4 billion worth of iPhones.\nShares of U.S. chipmaker Qualcomm Inc closed down 1.8 percent at $96.77. The tech bellwether was down 3.4 percent at $338.07.\nThe decline in Apple’s iPhone sales has prompted much speculation that the iPhone 6 and 6 Plus sales, which typically account for 20 percent of new phone orders, may be lower-priced than expected.\nApple has said it intends to focus on attracting products with lower prices than competing devices from Samsung Electronics Co Ltd and the smartphone industry leader Samsung Electronics Co Ltd.\n“It was a surprise drop,” said Doug Anmuth, an analyst at Edward Jones in St. Louis. “Apple might not have sold as many phones as they thought they were going to have, and that was the biggest surprise, I think.”\nAnmuth said he expected a lower-than-expected iPhone 6 and 6 Plus unit shipped during the fourth quarter of Apple’s fiscal year that ended in September, leaving analysts’ models to model shipments between the two to remain up for a full year.\n“It’s not huge year-over-year things, but it is likely to be a good month,” Anmuth said.\nThe margin problems continued for the Cupertino-based company, which makes the highest-quality iPhones available to consumers worldwide. Anmuth said Friday’s decline was expected because sales were going to be driven by limited promotions on the newer models.\n“There will be some question marks about its 2016 iPhone launch and iPhone 5c launch,” he said.\nSales of new iPhones last year were driven by the launch of the iPhone 6 and iPhone 6 Plus devices.\nAnalysts, on average, had expected a 54 percent drop in iPhone sales from September to October.\nThe average selling price of the iPhone 6 and 6 Plus remained unchanged at $599.99 in the latest quarter.\nHowever, a wide range of pricing decisions had triggered the selloff, such as when Apple began offering a 75 percent discount to buyers over $999, a sale that currently carries an average selling price of $699.99.\nSince Apple last raised the discount to $799, the upgrade/reward rate for the iPhone 6 and 6 Plus was lower than other upgrades, Apple’s Chief Financial Officer Kevin Weil said.\nAnalysts said the expensive iPhone 6 was the high end of the market, the higher price for next-generation iPhones, and that the higher-priced iPhone 6 Plus, which is sold separately from the smartphone, would have helped sales in the quarter.\nHowever, Anmuth said the higher-priced iPhone 6 and larger 4S offered in both regions would not drive a big revenue boost to Apple this quarter, which will likely account for about a fifth of Apple’s overall revenue this quarter.\nWeil reiterated that Apple is actively seeking partners for a range of models, and expected a “prospective few” models by the end of the year.\n']

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http://www.reuters.com/article/us-apple-results-breakingviews-idUSKBN17Y2KF

http://www.reuters.com/article/us-apple-results-breakingviews-idUSKBN17Y2KF

Apple plays soothing iPhone hold music

['Robert Cyran']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - The iPhone maker on Wednesday said it has increased the use of soothing music to make it easier to trade handsets but would no longer sell handsets with 24-hour service costs that could cost between $5 and $20 per handset each.\nFILE PHOTO: An Apple Apple iPhone is pictured at an event in New York, U.S., September 20, 2017. REUTERS/Mike Segar/File Photo\nA product manager with the Cupertino, California-based tech company testified that introducing music to iPhones would not create demand and would make the industry more receptive to it.\n"This is a technology that we have not used for a long time. We do not sell over 24-hour services. We do not own the business and we do not have the money to get great experiences and dramatic improvements for our customers," Stan Humphries, Apple’s senior vice president of music services, said in a statement.\nThat could appease angry users of other iPhone accessories, some of whom argue the $5 price tag for a phone more than doubles that of a wired handset.\n"We do not have the incentive to turn off the feature. This is new to the industry. It’s not smart to see that it\'s sold out before you even get hold of one," a fan said on Twitter.\nOther users said the switch was a concession to fellow gadget enthusiasts who want more precise services.\nApple said on its website its mobile music offering is built into devices that connect to its iOS software, which allows for downloading songs and videos and can be viewed by an iPhone or iPad.\nA little over a year ago, the smartphone company began letting consumers upgrade to iPhones running iOS 10, which uses a pen-like feature to control music playback.\nA spokesman for the company could not immediately be reached for comment.\nApple announced plans in June 2014 to roll out an all-touch, multitouch and gesture-sensitive and augmented reality operating system called Apple Music, making music streaming available to millions of people around the world.\n']

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http://www.reuters.com/article/us-usa-air-breakingviews-idUSKBN17Y27U

http://www.reuters.com/article/us-usa-air-breakingviews-idUSKBN17Y27U

U.S. air-traffic revamp is overdue for boarding

['Gina Chon and Lauren Silva Laughlin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Government proposals that airlines spend more on in-flight refuelling and other on-board amenities are overdue for release, according to a recent survey by U.S. aviation and industry trade group the International Association of Machinists and Aerospace Workers.\nThe statement, released on the IAMA website on Friday, said the “renewal of some of the nation’s most costly programs, including fuel adjustment systems, doubled fuel bills for the U.S. Air Force, and increased cost for tankers and other products”.\nThe IAMA’s latest forecast said there would be an 85 percent reduction in service passenger traffic by 2020, as compared with 2012.\nThe IAMA was founded in 1977, while the Air Force employs about 23,600 people and is the union’s largest source of industry employment.\nThe group’s chairman, the committee Chief of the Air National Guard, U.S. Sen. John McCain, D-Ariz., and U.S. Commerce Secretary Wilbur Ross, said the election of President Donald Trump “reminds us of the safety issues between the airlines and air traffic controllers” and underscored the need for improved transparency and accountability as part of overhauling the industry.\nSome aviation industry leaders have touted the Air Force’s “Jet Direct” plan to combine its fueling technologies with the continuous combustion tankers it uses in the airspace. A handful of organizations have signed on as supporters of the program, including the National Transportation Safety Board and pilots’ unions.\nThe report said replacement aircraft like the Tesla Model S and the Boeing 757 combined to produce a combined performance of about 18 percent that would be canceled should the industry’s prices decrease. Commercial aircraft carrying about 93,400 passengers can generate more than a 50 percent of their power from onboard jet engines, it said.\nIn all, 20 of the most-expensive remaining seats were placed on tankers, the report found.\nIt was the third time in 2018 that airlines had decreased fuel costs, the same before.\nThe report said fuel costs rose 11 percent for passenger planes in the first quarter of 2017 compared with the same period last year, and now account for about 60 percent of the annual cost of fuel.\nIt noted the explosion in fuel prices since 2009 is likely to continue through the rest of the decade as service costs could remain at or near record levels.\n']

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http://www.reuters.com/article/us-milken-conference-trump-idUSKBN17Y26U

http://www.reuters.com/article/us-milken-conference-trump-idUSKBN17Y26U

Wall Street elite find it hard to bank on Trump’s breakup talk

['Lawrence Delevingne, Svea Herbst-Bayliss and Olivia Oran']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['A woman walks past the U.S. stock market in New York October 27, 2013. REUTERS/Brendan McDermid\nU.S. stocks were tumbling on Friday after Donald Trump said he was beginning to dismantle the 2018 Tax Cuts and Jobs Act.\nTrump, who was expected to renew his tax cut for businesses on Friday, announced new cuts of $1.5 trillion in tax rates for businesses and individuals over the next two years, totaling $1.5 trillion over the period. Trump’s tax law has been endorsed by major companies such as Boeing and American International Group (AIG.N).\nThe Dow Jones Industrial Average .DJI was down 67.59 points, or 0.1 percent, at 23,697.14 after hitting its closing high on Friday. The S&P 500 .SPX lost 6.78 points, or 0.3 percent, to 2,375.24. The Nasdaq Composite .IXIC dropped 13.15 points, or 0.4 percent, to 7,637.23.\nSeveral Wall Street pros said the timing of the new tax plan could cast some investors off stocks and be a loss for some mutual funds and some hedge funds.\nThe latest stock market selloff on Friday came amid uncertainty over whether tax reform will get a green light from lawmakers, which has weighed on the stock market in the past.\nAfter tumbling on Friday, investors are likely to want to avoid the smell of conflict with leaders in Washington and in a revolt over last week’s Senate election results. Trump’s announcement that he would scale back trade and spend more was seen as a possible break-up of the deal that broadens tax cuts to current exporters in return for businesses and individuals.\n“If there is doubt in the center over the president’s announcement of new tax plans, it is unlikely to be severe, but it’s likely to be minimal for the price we find on the stock market,” Jason T. Gere, president of IBEX Partners in Lexington, Massachusetts, said in a research note.\nWhile some investors supported Trump’s decision to cut taxes for businesses and individuals, some said there is still a lot of uncertainty about Trump’s policies.\n“These policy decisions, even if they do not necessarily end up being a winner for either shareholders or the broader economy, can make their own impact,” said Tiziana Sprecher, portfolio manager of New Century Capital in Portland, Oregon.\nTAX BREAK-UP\nThe move to repeal the so-called tax cut is seen as the most important form of financial deregulation over the coming year.\nTrump does not sign bills that lower the country’s corporate income tax rate above 40 percent.\nTheStreet’s chief investment strategist Kathleen Vieth said short-term trading could have been out of control, but that investors should not underestimate the impact of changes in the tax code.\n“That’s very real,” Vieth said. “It could have a big impact on the investment community.”\nIn a market long dominated by dividends, IPOs, commodities, and growth stocks, now in their third year of life, were not doing particularly well on Friday.\nBy 1:36 p.m. the Dow had fallen 15.98 points, or 0.5 percent, to 22,293.11. The S&P 500 index .SPX was down 1.87 points, or 0.3 percent, to 2,099.29. The Nasdaq Composite index .IXIC fell 0.11 points, or 0.1 percent, to 7,686.39.\n(Additional reporting by Sruthi Shankar and Swati Bhat in Bengaluru; Editing by Denny Thomas)\n']

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http://www.reuters.com/article/us-france-election-le-pen-trump-idUSKBN17Y2DL

http://www.reuters.com/article/us-france-election-le-pen-trump-idUSKBN17Y2DL

France’s Le Pen says best placed to face ’new world’ of Trump, Putin

['Simon Carraud, Ingrid Melander and Johnny Cotton']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["PARIS (Reuters) - French centrist Emmanuel Macron faces a festering campaign within the French center-right after he gave up his presidential bid when he learned he would face down rival Marine Le Pen in the runoff for the presidency.\nFrance's National Front party presidential candidate and Macron (R) greets supporters during a campaign rally in the Avignon region in southeastern France, December 1, 2018. REUTERS/Regis Duvignau\nWhile only 53 percent of voters are aware of the insults he insults Americans, Le Pen’s campaign team and anti-refugee group have pledged to talk about the problem of people fleeing conflict and said she would call for the resignation of French and European police officials, stop using force and protect refugees.\nHowever, Emmanuel Macron did not make that pledge on Friday. Speaking with “France 2” in Paris, on the air of Marine Le Pen’s television talk show “The Grenoble,” he slammed her as an illegitimate opponent with a “morality worse than Donald Trump.”\nAs Trump is facing widespread criticism over the many vulgar and violent emails he has exchanged with the commander-in-chief, French polls suggest that, almost certainly, there is appetite for a challenge.\nOn Tuesday, polling showed Macron leading Le Pen, 43 percent to 40 percent. He will fight a runoff with Le Pen, if Le Pen wins.\nA poll by the University of Paris-Rivolle on Friday put Macron at 36 percent to Le Pen’s 35 percent.\nMany voters are more trusting than the French do of the official results of the election, according to a recent poll.\n“France never voted for the Union of Nations,” Le Pen said. “I was dissatisfied with globalization and the lack of hope and opportunity I see today in the United States.”\nEconomy Minister Amal Sundararajan on Friday said efforts to combat migration from Europe could be achieved “by appointing representatives to European Commission, and by removing the excuse for anti-European policies and practices.”\nBrussels-based U.S. secretary of state Mike Pompeo noted the problem of people trying to enter Europe without papers in October while also saying the administration was exploring measures to try to find ways to keep people out of Europe.\nIn seeking to counter the latest developments in U.S.-EU relations, Macron said he would start by working on new cooperation in fields like police and in education, he added.\nFrench workers spend an average of one-hundredth of what Americans do in a job in America, Macron noted.\nLe Pen has accused the U.S. Justice Department of destroying information about the Trump campaign and of expressing “swaying into the patriotic and historical heart of our nation,” while the Trump administration is “bigotry,” and cited a May 9, 2018, telephone conversation with the U.S. ambassador to France, ambassador to the Czech Republic and chief European coordinator of anti-immigration efforts on behalf of German Chancellor Angela Merkel.\nIn his televised tirade, Macron was angry that Mueller’s investigation into the Trump campaign and Russia has “no leads.”\nHe said Americans should be treated as “sacred objects.”\n“I have a long and patriotic tradition in France that values free speech, by including people with a different political ideas in our government,” Macron said.\n"]

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http://www.reuters.com/article/us-tesla-stocks-idUSKBN17Y29O

http://www.reuters.com/article/us-tesla-stocks-idUSKBN17Y29O

Tesla is most painful stock for short sellers in 2017

['Noel Randewich']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LOS ANGELES (Reuters) - A company that makes so-called self-driving cars will be most painful to short sellers in 2018 and they will be seeking safety in a sea of angry shareholders with conviction and faith in the business model, stock analysts said.\nFILE PHOTO: A Tesla Tesla logo is seen inside of a factory outside Tepeda, California, U.S., May 30, 2017. REUTERS/Mike Blake/File Photo\nTesla Inc gained more than 100 percent in 2017, outpacing the S&P 500 Index, a gauge of U.S. stock market performance, in the second half of the year.\nVolatility indicators have become a key gauge of investor fear as in the past the lack of progress on a major tech platform has raised investor ire.\nFord Motor Co held on to 28 percent of its shares on average, less than half the average of about half the S&P 500 over the first half of last year, at least, said Vindicated analysts from Credit Suisse. Other analysts said they judged the company’s problems due to missteps.\n“The future of the auto industry is still going to depend on self-driving,” Chris Langham, Credit Suisse’s chief automotive strategist, said in a research note. “Tesla is the biggest unknown, it has a history of absurdly poor execution that has weighed on the shares,” he added.\nHe wrote that more than half of Tesla’s sales were to United States customers.\n“It would be presumptuous for self-driving to be a major weakness of the company, and that would prove to be very costly for the U.S. government if it took over driverless cars,” Langham said.\nThe scandal has roiled the automobile industry as the company drives its own self-driving cars, launching thousands of other sales.\nEarlier this month, nearly 100 investors filed a lawsuit against Tesla alleging the company’s self-driving cars violate a key requirement of self-driving vehicles. They also accused the company of selling its own vehicles and raising taxes to fund the unit.\nRELATED STORIES:\nSecurity firm could keep charging up to $20,000 if self-driving cars roll out in the U.S.\nNo. 19: Tesla Motors blows back ex-CEO Elon Musk as consensus analysts oversee growth\nTesla reportedly has big plan for ‘self-driving’ fleet of cars\nSee a chart showing Tesla’s shares gain since January 29. Follow Tiffany Sullivan on Twitter (TWTR.TO)\n']

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http://www.reuters.com/article/us-usa-trump-china-branstad-idUSKBN17Y264

http://www.reuters.com/article/us-usa-trump-china-branstad-idUSKBN17Y264

Trump nominee for China ambassador promises firm line on Beijing

['Patricia Zengerle']

01-01-2021

reuters.com

success_wayback

gen

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["U.S. President Donald Trump speaks to China's Premier Li Keqiang in the Oval Office of the White House in Washington, U.S., January 1, 2019. REUTERS/Joshua Roberts\nWASHINGTON (Reuters) - President Donald Trump’s nominee for ambassador to China, Liu Xiaobo, promised to pursue closer ties with the Communist Party and diplomacy, a spokesman said on Tuesday.\nThe relationship between Trump and Beijing, the world’s second-biggest economy, is also subject to U.S. rules on maritime disputes.\nIn September, Trump wrote to Liu Xiaobo, the wife of jailed Chinese dissident Liu Xiaobo, to urge him to issue “prudent” travel documents to Taiwan.\nLiu lives in China. He has earned a living as a court interpreter with the ruling Communist Party.\nLiu Xiaobo - a Nobel Peace Prize winner and Asian political scientist of the Party - was one of four Nobel laureates offered to the White House at a meeting last month to discuss free trade, free-trading and cyber ties in Washington.\nTrump has repeatedly made high-profile calls to human rights lawyer Gloria Allred, who has been critical of China, when China shows strong resistance to her efforts.\nAt a media briefing on Tuesday, Trump spokeswoman Sarah Huckabee Sanders, who has publicly backed Liu and accused Chinese President Xi Jinping of “subverting” democracy and “reversing the very foundation of human rights,” described Liu as “a vibrant, passionate advocate for human rights and democracy.”\n“We respect his family background as a lawyer, but nothing like the U.S. team that the United States would welcome or endorse,” Sanders said.\nThe White House has indicated it will pursue a multilateral approach to relations with Beijing. State Department spokeswoman Heather Nauert said the Trump administration would consult countries like North Korea, Iran and Syria to explore what types of direct agreements China would seek.\n“The President is looking forward to working with Secretary Tillerson and we continue to look forward to working with him and his team,” Nauert said.\nTrump on Monday spoke to Chinese Premier Li Keqiang and said the US is “strongly considering” to relocate diplomatic missions from Beijing to Washington, according to a White House statement.\nSanders said the White House is considering U.S. actions to protect the identity of governments facing allegations of human rights abuses. The US has said all officials involved are “subject to the law.”\nTrump has repeatedly used the term “human rights” to refer to violations, including violations of Hong Kong and Chinese people’s rights, in line with policies and international standards that he has described as “illegal.”\nLiu met Japanese Prime Minister Shinzo Abe in Shanghai earlier this month to discuss a trade pact with the United States.\nAbe emphasized in the meeting that the United States has no choice but to negotiate with China, a major trading partner of Japan.\nThe White House has already signaled its policy of strict enforcement of international sanctions against Iran under former President Barack Obama.\n"]

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http://www.reuters.com/article/us-russia-germany-putin-syria-idUSKBN17Y1JC

http://www.reuters.com/article/us-russia-germany-putin-syria-idUSKBN17Y1JC

Putin, Merkel struggle to move past differences in tense meeting

['Andreas Rinke and Denis Pinchuk']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Vladimir Putin (L) and Angela Merkel (R) share a conversation as they look on during a joint photo after their meeting at the Kremlin in Moscow, January 1, 2015. REUTERS/Maxim Shemetov\nMOSCOW (Reuters) - Concern grew at the meeting between Russian President Vladimir Putin and German Chancellor Angela Merkel on Tuesday after months of stalemate over territorial disputes in the Baltic Sea as well as the detention of a Russian intelligence officer.\n“I think we can work on the next step,” Merkel said before an audience in Moscow with Putin. Asked whether they could complete their formal encounter as agreed, she said: “This is the next step.”\n“We didn’t want to go to the kind of dust-up where we were facing a few hundred kilometers from the sovereign territory on which all this is related,” Putin said.\nThe United States and other Western states have accused Russia of war crimes in the Ukraine crisis in response to the seizure of Crimea by pro-Russian separatists. Moscow denies such charges.\nMerkel assured Putin she was “very interested in seriously discussing” the situation in the east of the region, which Russian forces captured on Dec. 24.\n“Everybody’s happy with the situation here,” Merkel said. “At the same time, people are very concerned.”\nMerkel also urged Putin to stop allowing foreign planes into Russian airspace.\nFrench President Francois Hollande said at a joint news conference with Putin on Tuesday that Europe would back a resolution supporting Ukraine in the EU summit, expected later this week.\n']

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http://www.reuters.com/article/us-usa-technology-stocks-idUSKBN17Y22D

http://www.reuters.com/article/us-usa-technology-stocks-idUSKBN17Y22D

Wall St. eyes Apple and Facebook to fuel new leg of tech rally

['Noel Randewich']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Wall Street is poised to test a major first-week rally after strong earnings from Amazon.com Inc (AMZN.O) and Tesla Inc (TSLA.O) on Friday sparked a late-day rally.\nFILE PHOTO: The Chicago Board Options Exchange logo is seen at the offices of the NYSE in New York, U.S., March 18, 2017. REUTERS/Brendan McDermid/File Photo\nThe S&P 500 gained a fraction Friday, reversing earlier losses from previous sessions. U.S. Treasury debt prices edged higher, and stock markets briefly breached their record highs.\nThe S&P 500 .SPX gained more than 1 percent after Adobe Systems Inc (ADBE.O) said sales figures for its Creative Cloud cloud computing platform jumped, its largest ever.\nApple Inc (AAPL.O) surged 5.8 percent, New York-based rival Alphabet Inc (GOOGL.O) gained 4.7 percent and Facebook (FB.O) surged 7.5 percent.\nThe S&P 500 rose 1.4 percent in the first two hours of trading on Friday and 1.1 percent overnight.\nInvestors have eyed Apple and Facebook as catalysts for stocks going higher.\n“Certainly when there’s a sudden change in sentiment it gives the market room to move up,” said Ciaran McFadden, president of JonesTrading in Chicago.\nWhile investors have been buoyed by Apple, it is offsetting modest gains from Alphabet and Facebook. A gauge of influential U.S. politicians’ popularity slumped after U.S. healthcare reform failed in Washington, increasing concerns over the lack of new policy details.\nSome investors still appear to see bigger upside to the S&P 500, however.\n“One of the reasons we’re in positions that way is that people feel like they are getting the news that they need and (Apple) and Facebook and Amazon are performing just fine,” said Chris Beauchamp, portfolio manager at Southern Hills Wealth Management in New York.\nTraders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 31, 2017. REUTERS/Brendan McDermid\nDisappointing earnings helped boost technology stocks, giving investors reason to buy into the rally. Facebook’s Pivotal Research analyst Brian Wieser estimates a long term annual profit of $5.5 billion for the technology behemoth by 2024.\nEconomic data has been positive in recent days, providing cause for optimism in a market that has been wary of a tech stock rally since the Brexit vote.\nGlobal equities recovered some losses from Friday and were also buoyed by U.S. lawmakers rushing to hold a vote on immigration, a measure that cuts taxes on the wealthy.\nThe S&P 500 ended up 0.7 percent for the week, snapping its six-week losing streak, and a third straight weekly gain.\n“It seems like investors are buying and waiting for a situation where they don’t need to have the mindset that I think has been missing this rally,” said Carl Swallow, chief equity strategist for Wells Fargo Advisors.\n“The market is more optimistic about how healthcare is progressing than it has been in the past year or so,” he said.\nNews that the Fed would trim its fourth hike this year, while cut the unemployment rate, sparked a rally in bond yields on Friday.\nThe Dow Jones Industrial Average .DJI closed up 123.43 points, or 0.41 percent, at 20,497.21. The S&P 500 .SPX gained 18.55 points, or 0.86 percent, to 2,143.75 and the Nasdaq Composite .IXIC added 38.82 points, or 0.84 percent, to 6,986.44.\nBucking the trend, the tech-heavy Nasdaq Composite edged higher. Google and Facebook lead the way with the sector’s biggest two-month percentage gain, up 0.87 percent and 0.6 percent respectively.\nFacebook shares briefly rebounded after its quarterly results missed Wall Street estimates.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.07-to-1 ratio; on Nasdaq, a 2.93-to-1 ratio favored decliners.\nAbout 5.1 billion shares changed hands on U.S. exchanges, below the 6.2 billion daily average over the last 20 trading days.\n']

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http://www.reuters.com/article/us-eurozone-greece-bailout-idUSKBN17Y083

http://www.reuters.com/article/us-eurozone-greece-bailout-idUSKBN17Y083

Pledging more austerity, Greece cuts deal with lenders

['Renee Maltezou']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['ATHENS (Reuters) - Greece’s new government said on Wednesday it would seek to end fiscal surpluses and direct state finances to its lenders, a pledge that has sown doubts among Athens’ key economic partners.\nA demonstrator shouts slogans as Greece\'s Finance Minister Euclid Tsakalotos attends the National Dialogue for Greece at the Parliament in Athens, Greece January 1, 2018. REUTERS/Yiannis Kourtoglou\nThe goal of the government’s austerity program, designed to transform the country of 130 million into a “near-bankrupt” market economy, was supposed to prompt borrowers to swallow tough austerity measures and insurers to cover losses.\nBut it also brought the world’s second-biggest economy into deeper crisis in December, laying bare the deep difficulty for euro zone countries which now expect an unprecedented default, and pares spending cuts and tax hikes ahead of next year’s elections.\nGermany, the world’s biggest economy, has said it will monitor the implementation of the austerity program and suggested Greece’s worsening political instability could affect any new bond-buying.\n“We should not take too optimistic approach,” Finance Minister Euclid Tsakalotos told reporters after holding talks in Berlin with the heads of European Commission, ECB and IMF officials.\n“We need to go beyond market expectations and we should not take too optimistic approach,” he said, without giving details.\n“We need a new political situation so we can try to reach a solution without harming the present Greek economy,” he said.\nTsakalotos said the government had negotiated a workable fiscal plan “to ensure the country has enough money to continue to strengthen its finances through the new year”.\nGreek statistics office IBPS said on Wednesday there had been a 6.1 percent contraction in gross domestic product in the final quarter of the fiscal year.\nGreece’s most acute problems are around pensions, hurting its economy and reducing incomes and shrinking the public sector.\nEconomists say Greece’s new aid deal with creditors is a last-ditch bid to secure funding for a debt-laden state which has been rocked by scandal for years, its second-largest local government worker, and investors believe government bonds will easily turn sour as Athens prepares to for elections.\nThe agreement includes a new private-sector bond-buying programme along with credit for 3.5 billion euros (3.1 billion pounds) of private-sector borrowings for the second half of the fiscal year, which begins in March.\nWhen meeting German Chancellor Angela Merkel, Tsakalotos said the government was committed to meeting public finances and deciding on priorities.\nGreek banks, struggling to run major banks, also stood ready to help banks that are badly run, he said.\nNO DIVIDEND\nGermany, which raised its rescue rating to A+ in December as fears of a Greek debt crisis spurred Athens to ditch a bailout at the time, said the environment in Germany for Greek debt restructuring would be "properly evaluated", noting that Germany has no comparable debt burden in the euro zone.\nTsakalotos echoed that sentiment, saying: “By May, if there is no liquidity, I can understand that the Greek government will not put in place a program for public debt restructuring,” he said.\n“The Greek government will do anything in its power to ensure that there are no more debts at any level.”\nTsakalotos said Greeks owed nearly $18 billion in public funds last year, roughly half the liabilities of previous administrations and keeping the government in the red as privatisations hit a record low in late 2016.\nGreek parliament speaker Eva Kastariani praised the new austerity program, saying it had “made the heart of the debt mountain grow” and the first ministers’ defeat in the February elections had not dampened hopes for a bond-buying programme.\n“All concerns that have been raised by both sides must come back to the table,” Kastariani said.\nBut fast-growing investment bank HSBC said “the financing cycle for the external debt has a very difficult time finding some solutions ... But I think the aim is to act together and express the ideas that are discussed, to engage all parties in a dialogue on the possibility of a new bailout programme.”\n']

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http://www.reuters.com/article/us-france-election-le-pen-eu-idUSKBN17Y259

http://www.reuters.com/article/us-france-election-le-pen-eu-idUSKBN17Y259

Le Pen says euro a deadweight, capital controls an option if she wins power

['Ingrid Melander, Simon Carraud and Johnny Cotton']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['A voter casts his vote during a Socialist Party state election in Querimont, in the centre of the Brittany region in this December 8, 2013 file photo. REUTERS/Ralph Orlowski/Files\nBRITAIN/BRUSSELS (Reuters) - France’s far-right leader Marine Le Pen told allies in Belgium on Friday that the euro was an option if she wins a majority of legislative seats in the European Parliament, indicating she may resort to such action if French rules on cap and trade stop a free-flow of euro zone government funds.\nLe Pen, who is running to replace ousted Socialist President Francois Hollande with opposition leader Francois Fillon, called on her Belgian and French allies to take the European Union down a path of “the unstoppable force of euroscepticism.”\nBrunei’s centre-right leader also appealed to Brussels to work with the EU to decide on a cap-and-trade program to give governments a share of the rest of the EU’s billions of euros in rotating financial aid.\nFillon, considered a very conservative figure by many in Brussels, is promising to scrap such measures if Le Pen wins power. The president, who is running in a far-right presidential election, would be forced to abandon his plans to put his campaign team in charge of European policy.\nThe European Commission, which runs financial aid rules in Brussels, said on Friday that a government effort to pass laws that favour companies which specialise in rotating financial aid would not amount to a vote of no confidence for European regulation.\nThe Luxembourg-based Commission said its preliminary approval of the new law on financial sector rezoning, which would provide investors in the sector unlimited access to euro zone funds, was “significantly understepped by the legal framework for its decision.”\nLe Pen, who is trailing far behind on opinion polls in recent days, is seen as a favorite to win a third term in France’s first-round vote on Jan. 13 and a May 14 general election. She faces the popular Francois Fillon who campaigned on calling for reforms to help companies make profit in the euro zone.\nYet she said she was unperturbed by the CAC on Friday, accusing the market “unreasonable” of trying to impose a negative impact on her EU plans in consultation with Brussels.\n“You cannot talk of me pointing fingers and saying I said I was also looking at you. What you’re doing is ridiculous,” she told her Belgian and French allies.\n“For the European Commission, I think it’s time we change the present system and start with the overreaction of yesterday. You have to listen to what people have to say,” she said.\n“I‘m worried about the supervisory mechanism” which would provide a level playing field and help businesses to avoid the risk of loss and resulting in a lack of government investment, she said.\n“I am convinced that we are on the verge of having a problem in the current European system and that we have to give more recognition to that, to not allow the (CAC) to take steps that support that whole basic right.”\nTo avoid a vote of no confidence against Fillon, the government proposed legislation that would require up to 95 percent of eurozone member states to take financial reforms, and could be imposed by June.\nLe Pen said Belgian citizens would support the entry of any firms operating in Brussels to take part in the CAC’s reforms.\nTo facilitate such manoeuvres, “financial firms (ideas) are now labelled as most high level teams - not start-ups,” she said.\n']

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http://www.reuters.com/article/us-germany-security-army-usa-idUSKBN17Y1EK

http://www.reuters.com/article/us-germany-security-army-usa-idUSKBN17Y1EK

German minister cancels U.S. trip, calls in top brass over officer’s arrest

['Andrea Shalal']

01-01-2021

reuters.com

success_wayback

gen

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['German Foreign Minister Sigmar Gabriel attends the World Economic Forum in Davos, Switzerland, January 1, 2017. REUTERS/Ruben Sprich\nDUESSELDORF, Germany (Reuters) - German Foreign Minister Sigmar Gabriel cancelled his U.S. visit on Thursday following an operation against a member of the German police service responsible for “appalling behaviour” in the vicinity of Moscow, a German government source told Reuters.\nThe Foreign Ministry in Washington received a petition from the Russian authorities at 9.30 a.m. (0630 GMT) on Thursday urging Germany to “promptly and forcefully” make corrections “in the interest of peace and common security” in the Russian town of Vyacheslav Volodin.\n“Despite the vast scope of information provided from our contact with the Russian authorities, Mr. Gabriel canceled his visit to Georgia on Thursday,” the ministry said in a statement.\nFrench and German government sources told Reuters that Gabriel made the decision to cancel the trip after receiving a report on a decision by Russia’s Federal Security Service (FSB) to interrogate or shut down 40 people who were suspected of involvement in Kharkov airport bombing in 2009.\nThe investigation into the December 7 air accident, in which four of the 19 people aboard died, has drawn attention to high-profile cases of assassination by an unknown security threat.\nAfter taking up security of the airshow, which coincided with Europe’s 10th-annual Economic Community of South East Asian Economies Summit, Gabriel was due to arrive in Baku, Azerbaijan, at 8.15 a.m. (1115 GMT) on Thursday.\nGerman Foreign Minister Sigmar Gabriel and his State of Israel Minister Avigdor Lieberman arrive at Baku City-Baku International Airport in Baku, Azerbaijan January 1, 2017. REUTERS/Ronen Zvulun\nBut German security sources said that his visit was “unfortunate” and he was still planning to use the address in Warsaw, Poland, where he met Prime Minister Benjamin Netanyahu and German Chancellor Angela Merkel in the Serbian capital, Belgrade.\nGermany had been considering moving to Berlin to try to rescue its battered economy during a massive migrant crisis that has left tens of thousands of Romanians and Bulgarians in Europe having to pay the fastest aid in decades to reach Greece, while also offering free aid and specialist accommodation.\n']

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http://www.reuters.com/article/us-usa-funds-apple-idUSKBN17Y1XW

http://www.reuters.com/article/us-usa-funds-apple-idUSKBN17Y1XW

Despite record highs, fund managers globally remain underweight Apple

['David Randall']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Despite the strength of stock markets in recent months, U.S. fund managers in seven global equity markets are “hold” and downbeat about all 10 of the major global equity markets, Thomson Reuters data showed on Thursday.\nFILE PHOTO: The skyline is seen in Toronto, Canada, December 13, 2017. REUTERS/Mark Blinch/File Photo\nThe global equity markets are the second best in terms of weight behind global bond markets after the U.S. This has put the world’s major equity markets - such as those in the U.S. and Europe - at risk.\nThe average discounting rate for the U.S. is almost double, according to Thomson Reuters data. The discount is a ratio of the share of the “risky assets” in the market to the share of the riskiest assets in the market.\nHowever, most investors in the U.S. and global bond markets are holding on to assets for longer.\nThe vast majority of US stocks are currently oversold and also relatively cheap. No global market valuations are likely to be far above their eight-year historical average by the end of 2020, the data showed.\nData released on Wednesday by the Global Equity Portfolio Association showing the eight-year U.S. market valuations now, which has been at or close to 10 times past median mean earnings per share growth, matches U.S. and European valuations with three equal times median earnings growth for the entire market.\nThat suggests investors who aim to profit from the current strength of U.S. and global markets are reluctant to do so as some are concerned about how recent rises in the price of oil could affect energy prices.\nAnd shorting shares at the time of buy is likely to produce losers as U.S. and European investors increasingly hunt for bargain assets rather than growth stocks, according to the data.\nThe yield on the 10-year U.S. Treasury note fell to 2.9 percent on Thursday, with bonds falling behind both and an index of longer-dated debt only to weaken slightly in response to renewed expectations for a U.S. rate hike in December.\nFunds trying to profit from a fall in equities will likely remain broad-based even after the elections are over, irrespective of who is elected as the next U.S. president.\n“Profitability issues, like Brexit, or lower oil prices may prevent that from happening,” Jeffrey Lauterbach, chief investment officer at Miller Tabak & Co LP, said in a note.\n“Wholesale income trading, with a dollar price at their lowest for 27 years, could push the five-year Treasury yield up towards 1.20% this year and 1.63% in 2021, depending on global events.”\n']

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http://www.reuters.com/article/us-global-markets-bitcoin-idUSKBN17Y12R

http://www.reuters.com/article/us-global-markets-bitcoin-idUSKBN17Y12R

Bitcoin soars above $1,400 to all-time high

['Jemima Kelly']

01-01-2021

reuters.com

success_wayback

gen

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["NEW YORK (Reuters) - Bitcoin held steady above $1,400 on Friday in trading on the virtual currency with broader investors buying the open interest around the one-year high and setting a record by 2015.\nBitcoin is seen in this illustration photo in Vienna, Austria January 1, 2018. REUTERS/Leonhard Foeger/Illustration\nThat was the highest level all months for BTC followed by a record of $502, which went to world record of $1,613 in December.\n“Our momentum has been so strong that we are going to keep adding to it going forward. It hasn’t been out of the $1,500 range,” said Nick Turse, managing director at Price Futures Group.\nBitcoin, the digital money that digital markets, including bitcoin, allow users to buy directly from banks and exchange websites. However, in recent years large orders from exchanges have ended, leaving users thinking about how they can build their own currency on the platform.\nWith bitcoin becoming the object of ridicule and suspicion in the United States, influential bankers are focusing on cryptocurrency, which brokers traders said would become a significant part of their trading due to its ability to exchange fiat currency such as dollars.\nInvestors say cryptocurrencies would become a key component of the global economy should the various parties wanting to build their currencies produce one or the other.\nIn what may be the biggest and longest bull market since the 1970s, bitcoin climbed 43 percent and hit $1,446 in October, surpassing $1,000 as a result of the turmoil surrounding the crypto-currency.\nInvestors have been a betting-price optimist, drawing up double digit growth projections and eventually leaving the green light on buying Bitcoin by far and away, according to CRB Capital's Jemima Kelly.\nRecently those bets have fallen and prices have soared as ever, along with profits by some individuals and possibly wider use of open exchange and bitcoin mining sites as tools for trading.\nBitcoin prices jumped up by around 1.5 percent to $1,208 on Friday.\n“Every week we see huge volumes of flows in the form of money markets and investment flows. As the bitcoin markets are going higher, the way their go-to-market system goes first, your market is going to get better,” Kelly said.\n"]

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http://www.reuters.com/article/us-florida-lgbt-idUSKBN17Y2BL

http://www.reuters.com/article/us-florida-lgbt-idUSKBN17Y2BL

Florida LGBT rights push reflects changing times

['Letitia Stein']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - When Gov. Rick Scott signed the anti-discrimination bill and endorsed its passage in November, many did not see the turn toward tolerance they would be seeing in Florida toward gays.\nJan 4, 2017; Fort Lauderdale, FL, USA; Florida Gov. Rick Scott signs the Ending Discrimination in Texas Act into law into law on January 1, 2018 at U.S. Capitol Hill in Washington, DC. REUTERS/Carlos Barria\nBut in November, LGBT people celebrated big victories at the highest levels of Florida law enforcement and industry, including passage of a bill that would allow openly gay couples to wed in state parks, tourism sites and county jails.\n“The support we felt from all around the country was overwhelming. That’s why I had to come out with this bill,” said former Broward County Sheriff Michael Hennessey, who took part in a sit-down that led to Gov. Scott’s signing the bill into law.\n“I felt like it’s about tolerance, but not about discrimination,” said Hennessey, the state’s assistant attorney general and second-in-command of the division of labor in the Broward and Palm Beach counties.\n“That was really the message of embracing and celebrating different gay and lesbian identity. We had no choice,” he added.\nHennessey was a stand-in for a transgender inmate at Fort Lauderdale State Jail who would be gay and carried a Bible while in prison.\n“People would come in, and I’d hear a little bit of the Bible; I’d hear a little bit of a Christian message, which was probably one of the biggest things for me to get out of jail. I’m definitely prepared to serve this because that’s how I have always been. It’s about loving each other,” Hennessey said.\nBroward Sheriff Scott Israel, a former deputy sheriff and president of the Broward County Sheriff’s Association, said the bill is changing the way the gay community sees themselves.\n“From my eyes, I just see it’s a much more-different kind of community than it was when I was up here,” Israel said.\nJerome McNeely, who with a girlfriend has been a married father of a young child, said the bill was important to him because of “the practice of human trafficking.”\n“The humanity of our community, when we were growing up, was not being seen but tolerated.”\nSlideshow (8 Images)\nBut, many Floridians fear enforcement of the bill by police will increase the hate crimes they face, particularly by gays and lesbians.\nJan 4, 2017; Fort Lauderdale, FL, USA; Gov. Rick Scott signs the Ending Discrimination in Texas Act into law into law on January 1, 2018 at U.S. Capitol Hill in Washington, DC. REUTERS/Carlos Barria\n“We feel that they’re using that money to pay for the needs of the LGBT community. They have been a target of law enforcement and now they’re going to discriminate,” said Scott, a Democrat who supported the bill in November.\nAt Florida’s level, Jerry Nelson, the head of the offices of clergy, said the LGBT community “is reaching out every day” to police in Tallahassee, saying a long history of discrimination “by the black community has opened a floodgate.”\nLongtime Boynton Beach, Florida resident and longtime father of two, Harvey Saulas, said the legislation will allow for “multiple safe spaces” for LGBT people within the city.\n“It’s based on common sense,” Saulas said. “It also goes to encompass the fact that people often need to use safe, if not sexual, places for them to bring themselves to be safe.”\nWith Rubio’s signature, both U.S. Congress and Florida’s Department of Justice have stepped up their efforts to combat criminal and civil discrimination.\nStill, the state’s LGBT community has demonstrated its resilience. The number of LGBT Palm Beach County Council members, at 82, is nearly double that of Broward County Council members, and the number of LGBT advocates in Broward County is also more than double that of Broward County Council members.\nJerome McNeely, who with a girlfriend is single, said the state has moved more aggressively to fight discrimination.\n“There’s no question that we’re moving in a good direction and I would call it a direction of progress,” McNeely said.\n']

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http://www.reuters.com/article/us-akzonobel-m-a-industries-exclusive-idUSKBN17Y23P

http://www.reuters.com/article/us-akzonobel-m-a-industries-exclusive-idUSKBN17Y23P

Exclusive: Akzo sees latest PPG bid inadequate, weighs options

['Greg Roumeliotis']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - PPG Industries Inc’s (AKZ.N) latest attempt to shore up its business with a sweetened takeover offer from rival Kraft Heinz PK.N has failed, sources told Reuters, raising questions about the possibility of a potential full-scale sale of the U.S. food and chemicals company.\nFILE PHOTO: The view from a Heinz factory is seen on a platform at the headquarters of Kraft Heinz in Hamburg July 18, 2013. REUTERS/Fabian Bimmer/File Photo\nAkzo is still actively considering acquiring rivals but wants to expand beyond the U.S. and global food industries while it awaits a merger decision by a regulatory review panel, the sources said. They did not elaborate on how close it is to a possible deal.\nPPG, with a market value of $21.7 billion as of Sept. 30, initially offered only to buy out Akzo, but has since extended an offer to $40 per share, or $17 billion, that was later extended by $10.1 billion.\nAkzo has offered to take up to 14.5 percent of PPG, valuing the company at $16.6 billion. Kraft Heinz’s board would prefer to buy the remaining 15 percent, the sources added.\nInvestors have seen significant progress in assessing the offer, reflecting a heightened business under pressure due to a second U.S. tax overhaul. Shares of the U.S. company have gained more than 30 percent since the offer was made.\nAkzo shares fell more than 1 percent in New York trading on Thursday morning, continuing a dip in recent weeks.\nPPG, which remains the largest food chemicals producer in the world by volume, declined to comment. Akzo did not respond to requests for comment.\nAkzo’s been in discussions with the Federal Trade Commission in anticipation of the offer, which would be up to $40 per share.\nEarlier this month, Akzo announced it was looking to restructure its business including retaining its 15 percent stake in its U.S. vaccines unit and its Muddy Waters digital trading platform, with about a third of those shares eligible for redemption.\nShares of Muddy Waters, which grew into a major influence on the 2016 presidential election, have fallen more than 70 percent over the past three months.\nThe holding company spun off Muddy Waters’ consumer unit last year and had previously advised other potential buyout targets.\nAkzo’s strategy would be to find other avenues to compete with its bigger rival, including partnering with Kraft Heinz or taking over Procter & Gamble Co’s consumer products business, which Pfizer already owns.\nUnder a potential merger agreement, Akzo would be able to pay out the cash it has already received from TPG, assuming the government approves the offer.\nActivist investors had opposed a potential public offering of Akzo, saying that it would do nothing to achieve a pure food maker and profit from a fast-growing consumer product sector.\nTPG was far more negative, saying the company and its shareholders would likely grow out of the Kraft Heinz deal, using state aid funds. Shares of Akzo could fall further, too.\nWhen asked by Reuters how things are headed for a purchase deal, the company’s chief financial officer, Jim Malone, said on Thursday: “We look forward to working with Merge’s board and our shareholders to evaluate all the available alternatives, and at this point, we are not actively considering such a transaction.”\n']

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http://www.reuters.com/article/us-staples-m-a-exclusive-idUSKBN17Y1Z9

http://www.reuters.com/article/us-staples-m-a-exclusive-idUSKBN17Y1Z9

Exclusive: Cerberus, Sycamore Partners wrestle with Staples buyout

['Lauren Hirsch and Greg Roumeliotis']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Cerberus Capital Management LP and Sycamore Partners (SCP.N) are moving to preserve control of Staples Inc WSTR.N as a takeover bid failed, a source familiar with the deal said on Friday.\nA sign of Staples, a small commercial Staples business, is seen at its store in Ventura, California, U.S., April 1, 2017. REUTERS/Mike Blake\nCerberus, which is interested in taking a 75 percent stake in Staples, may decide to sell a bigger stake to Sycamore to move toward completing a deal with investors, the source said. The offer price is close to rival Staples Inc ISS.N, it said on Friday.\nThe transaction, to be unveiled on Friday, will likely bring a top potential buyer, the source said.\nThe sources cautioned that it is premature to tell exactly what a potential buyer would be given the broad terms of the deal. Investors have expressed strong interest in Sears Holdings Corp KSH.N or Starboard Value LP’s (STK.N) proposed Staples stock because the deal will enhance shareholder value.\nThe document does not specify what value Ares Management LP’s (ARMS.N) Cerberus would command in buying the company, but that is thought to be a low price.\nAres acquired about 70 percent of Staples in 2011 from American International Group Inc (AIG.N) for $13.15 per share. Sears has currently paid about $4.7 billion for the business.\nCerberus, in turn, has sold roughly 1 percent of its portfolio to Walmart Inc WMT.N in order to raise its stake in the business and continue to focus on lending.\n“We are planning on ending the structure in five months,” the source said, who asked not to be identified due to the ongoing talks.\nCerberus and Sycamore declined to comment. A spokesman for Ares did not immediately respond to requests for comment.\nAnother “mega-merger” has not yet yet been made public. One source familiar with the process said Cerberus could announce a deal soon.\nStaples is valued at about $25 billion based on adjusted earnings per share of more than $5 per share in recent years.\nStaples, which has about 200 stores and a current stock market value of $4.3 billion, did not immediately respond to a request for comment.\n']

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http://www.reuters.com/article/us-home-cap-grp-m-a-idUSKBN17Y21G

http://www.reuters.com/article/us-home-cap-grp-m-a-idUSKBN17Y21G

Apollo, Blackstone among potential bidders for Home Capital - sources

['John Tilak and Jessica DiNapoli']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['The exterior of a new home bought by residential mortgage lender Home Capital Group Inc. is seen in the Rivertown Shopping Center in south Oakdale, Illinois January 6, 2010. REUTERS/Jim Young\n(Reuters) - Apollo Global Management LLC, Blackstone Group LP and other potential bidders for Home Capital Group Inc are among firms that have been approached by potential bidders to buy troubled small mortgage lender Home Capital, according to three people familiar with the situation.\nApollo Global management is the preferred bidder, the people said. If the same investment group sells out, the company will have a financial interest in keeping Home Capital afloat, the people said.\nBlackstone, a big investor in successful turnaround efforts at big U.S. banks, has been a contender for the home buy credit portfolio, focusing its investment in the large majority of small mortgages it now owns in various regions of the United States.\nApollo, Blackstone and Blackstone never disclose when they are approached for the Home Capital stake.\nHome Capital has been the subject of allegations that it has been soliciting bids for its portfolio of loans, but a source with knowledge of the situation said the biggest bidders were over $5 billion, though the size of any deal depended on the size of the loan.\nHome Capital declined to comment. Apollo and Blackstone did not immediately respond to requests for comment.\nHome Capital is one of the largest residential mortgage lenders in the United States, with investors including JP Morgan, Citi and Harris Bros. Source: The Wall Street Journal\nHome Capital is rated Ba1/B- by three-star rating by two analysts and ScotiaMcLeod, a Philadelphia-based financial data firm, as a “non-co-investor” with a BB+ outlook.\nResidential mortgage lending to small borrowers has been an explosive growth industry as credit tightened in the U.S. housing market and customers cut back on spending, and then tightened again late last year, leaving lenders scrambling to get loan debt written off quickly and healthy.\nHome Capital started trying to raise capital through the sale of common shares in November 2016.\n']

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http://www.reuters.com/article/us-usa-healthcare-idUSKBN17Z1LH

http://www.reuters.com/article/us-usa-healthcare-idUSKBN17Z1LH

Trump gains traction on healthcare bill, vote set for Thursday

['Steve Holland and Yasmeen Abutaleb']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump has gained traction on Senate healthcare legislation after a near-universal and bipartisan victory on Wednesday, two days before a scheduled vote on the legislation.\nThe Senate passed a compromise bill on Wednesday that would allocate authority to release millions of dollars to the Treasury under a program known as the Obamacare healthcare law, but left others such as the proposed states and federal funding out of the bill.\nThe Senate passed the legislation 107-87, with Republican Senator John Cornyn, who introduced the bill, opening the discussion on Thursday at the National Governors Association meeting in Washington.\nRepublicans controlled the Senate in 2018 by overwhelming margins, but could not save a Democratic-led healthcare bill that would have put at least one bill in the House of Representatives by the end of the year.\nThe House could have amended the bill as part of an Obamacare repeal bill, but GOP leaders have turned back on this idea as the vote had come late.\nThe bill now moves from the floor to make final tweaks to the legislation and vote Thursday on what to do.\nA procedural path to final passage might be the high noon when the Senate and House sign up for the legislation and begin voting on the legislation.\nSpeaking in a Wall Street Journal interview this week, Cornyn, who has supported repealing Obamacare for two decades, said he could still vote to approve the bill in a non-legislative fashion, but he wouldn’t be happy if it fell to the House’s final vote before lawmakers leave for their summer recess.\n“This, of course, is not good news for the insurance markets,” Cornyn said in a statement Thursday. “It is bad news for the American people, the tax code and unemployment numbers.”\nThe House of Representatives passed a non-legislative bill on Wednesday, but it was voted down by the Senate with support from conservative Republicans.\nBut a compromise bill, one that conservatives had made several times, stalled in the Senate on Wednesday after appearing deadlocked on many issues.\nUnions, businesses and religious conservatives have pressured the Senate to pick a short-term fix as fixes to healthcare policy that are harder to pass after the House passed its own healthcare bill, which also failed.\nIn the Senate, Cornyn offered a compromise plan that included a sunset provision, but Republicans refused to accept the idea.\n“I love it. Every one of you,” Cornyn said of the House agreement. “Here’s the thing - I don’t want to be the one putting this on everybody’s table because I think it’s only going to be one more hostage, and now everyone knows what it’s going to be like,” he said.\n']

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http://www.reuters.com/article/us-usa-diplomacy-tillerson-idUSKBN17Z2BJ

http://www.reuters.com/article/us-usa-diplomacy-tillerson-idUSKBN17Z2BJ

U.S. needs to balance foreign alliances: Tillerson

['Yeganeh Torbati']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Secretary of State Rex Tillerson speaks to the media in the Oval Office of the White House January 1, 2017. REUTERS/Jonathan Ernst\nU.S. Secretary of State Rex Tillerson (C) listens to members of the media after the start of the conclusion of a military meeting in the Oval Office of the White House January 1, 2017. REUTERS/Jonathan Ernst\nSecretary of State Rex Tillerson (C) talks to the media after the start of the conclusion of a military meeting in the Oval Office of the White House January 1, 2017. REUTERS/Jonathan Ernst\nSecretary of State Rex Tillerson (R) listens to members of the media after the start of the conclusion of a military meeting in the Oval Office of the White House January 1, 2017. REUTERS/Jonathan Ernst\nU.S. Secretary of State Rex Tillerson reacts in the Oval Office of the White House January 1, 2017. REUTERS/Jonathan Ernst\nU.S. Secretary of State Rex Tillerson (L) speaks to members of the media after the start of the conclusion of a military meeting in the Oval Office of the White House January 1, 2017. REUTERS/Jonathan Ernst\nU.S. Secretary of State Rex Tillerson (C) talks to members of the media after the start of the conclusion of a military meeting in the Oval Office of the White House January 1, 2017. REUTERS/Jonathan Ernst\nU.S. Secretary of State Rex Tillerson (R) talks to members of the media after the start of the conclusion of a military meeting in the Oval Office of the White House January 1, 2017. REUTERS/Jonathan Ernst\nSecretary of State Rex Tillerson (L) listens to members of the media after the start of the conclusion of a military meeting in the Oval Office of the White House January 1, 2017. REUTERS/Jonathan Ernst\nU.S. Secretary of State Rex Tillerson listens to members of the media after the start of the conclusion of a military meeting in the Oval Office of the White House January 1, 2017. REUTERS/Jonathan Ernst\nU.S. Secretary of State Rex Tillerson (R) listens to members of the media after the start of the conclusion of a military meeting in the Oval Office of the White House January 1, 2017. REUTERS/Jonathan Ernst\nU.S. Secretary of State Rex Tillerson (R) listens to members of the media after the start of the conclusion of a military meeting in the Oval Office of the White House January 1, 2017. REUTERS/Jonathan Ernst\nPresident Donald Trump said on Tuesday he was not going to postpone his meeting with the Chinese president after their first-ever face-to-face talks.\n"We want to hear their side of the story, which is that they want to make serious changes," the president told reporters.\nThe meeting, once expected to last at least a month, could complicate efforts to repair the relationship between Trump and Chinese President Xi Jinping in what will be seen as a testing year for the world\'s top economic power.\nRelations between the world\'s top economies are already under pressure after Beijing\'s government launched a crackdown on activists and criticism of President Donald Trump\'s embrace of populism.\n']

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http://www.reuters.com/article/us-usa-trump-religion-idUSKBN17Z2O2

http://www.reuters.com/article/us-usa-trump-religion-idUSKBN17Z2O2

Trump order to ease ban on political activity by churches

['Steve Holland']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - A U.S. federal appeals court on Wednesday blocked President Donald Trump’s plan to lift a ban on church-based political fundraising by churches.\nFILE PHOTO: A pastor holds a sign during the North American Unity Movement rally in Los Angeles, California May 4, 2017. REUTERS/Lucy Nicholson/File Photo\nIn its opinion, the 2nd U.S. Circuit Court of Appeals in New York cited the same reasons as the U.S. Justice Department that blocked Trump’s order in December. The Trump administration argues that those who pray to ban the use of the words “religion” and “religion and sin” are making American communities less welcoming.\nThe appeal said the “binding” portions of the ban barred the use of religious teachings and “religion without justification” at gatherings, activities or other charitable functions, and the First Amendment guarantees equal protection under the law.\nDuring the first two years of his presidency, Trump has defied two key presidents by invoking the First Amendment to travel to the United States without permits, even as his administration has probed whether his travel ban violates equal protection. His first travel ban was challenged by seven Muslim-majority countries, who argued the court has the right to set its own rules for travel.\nTrump sought to quash two of those challenges while still going through a vetting process to make sure the orders, which Trump said he would announce shortly, are a national security priority.\nHis own administration had challenged the bans on constitutional grounds.\nTrump said in December that the 2nd Circuit’s ruling would allow him to “throw things” and disrupt religious education. Trump has also canceled executive orders the government has issued during his two-year presidency.\nIn December, the four federal appeals courts upheld the decision of the Supreme Court in favor of the Trump administration, which has issued several temporary rescissions as it continued to put religious leaders at odds with their governments and advocate the protection of human rights for fellow Americans.\nTrump’s campaign manager, Corey Lewandowski, who also used to be a pastor, said the new order would save churches nationwide “crazy money” by harming Christians who urge the establishment of a foreign church.\n“As long as you oppose Trump and his policies, you cannot operate in the U.S.,” Lewandowski said in a conference call with reporters, “like you have been about a million years.”\n']

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http://www.reuters.com/article/us-tennessee-abortion-idUSKBN17Z2RD

http://www.reuters.com/article/us-tennessee-abortion-idUSKBN17Z2RD

Tennessee, Iowa close to banning abortions after 20 weeks

['Tim Ghianni']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: A uterus is seen in this illustration taken October 18, 2014. REUTERS/Carlos Barria/Illustration/File Photo\nKANSAS CITY, Kansas (Reuters) - Tennessee and Iowa on Thursday joined 31 other states to pass legislation restricting abortions after 20 weeks of pregnancy, the first time the two states have reached a deal.\n“This is a victory for pro-life state legislators who won’t tolerate desperate attempts to cut off women’s right to know,” Iowa Representative Jim Bell said after a deal was struck between his state and a local health authority to regulate abortions after 20 weeks.\nIn addition to banning abortions after 20 weeks, the legislation bans referring of women for term and requires health offices and travel to see women before discussing abortions.\nThe Democrat-controlled state Senate proposed nine bills that now go to the state House of Representatives.\nRepublican lawmakers are in the process of forming a coalition to push for stronger restrictions, and other conservatives are pushing the legislation through the House.\nOnce members of that coalition, as opposed to Democrats, hold up their legislative effort, all 31 states will not have to follow suit until a federal court clears the way.\nPrairie State Senator Marlon Moore said he has filed the legislation to boost the number of abortions in 23 states and that even states with statutes that do not restrict abortions, like West Virginia, Georgia, Michigan, North Carolina and Wisconsin, have passed legislation limiting abortions after 20 weeks.\n“When it comes to protecting women’s health, we need more women’s health and it’s no different from every other good law that’s out there,” he said.\nEarlier this month, more than 60 states were permitted to legalise abortions beyond 20 weeks in dozens of medical clinics because of the restrictions, according to the American College of Obstetricians and Gynecologists.\nThree dozen states ban abortions after 20 weeks in some cases, while the remaining dozen provide in-person abortions.\n']

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http://www.reuters.com/article/us-usa-police-idUSKBN17Z1UQ

http://www.reuters.com/article/us-usa-police-idUSKBN17Z1UQ

Feds decline to charge Louisiana policemen in fatal shooting

['Bryn Stole']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PENTAGON, Louisiana (Reuters) - Federal authorities declined on Thursday to charge Louisiana state police officers who fatally shot a former state senator who was out of jail and feared by some officers.\nVincent Motuilo, who became a symbol of the state of Louisiana’s racial tensions after the March 2018 shooting of former state senator Laquan McDonald, is seen in this file photo from August 9, 2018, in New Orleans, Louisiana. REUTERS/TonyAvery/Files\nSteve Fontana was charged with capital murder after he was gunned down by a Baton Rouge police officer during a traffic stop on April 16, sparking an emotional outburst among some residents.\nBut days later his lawyer said Fontana had decided to pursue the case in federal court.\nPresident Donald Trump’s administration has sought to curtail racial discrimination in police force and said California’s easy access to inmates in civil confinement programs violated federal civil rights laws.\nWhile national experts have hailed the federal attorney general’s decision on Thursday to order local authorities to step up their efforts in the case, family and lawyers for Fontana said the decision would result in a civil liability penalty of up to $26 million.\nAyers for Fontana, George Megi, and Justin Meyerson, both of the firm Montgomery, dismissed a July 31 pretrial motion for a civil trial.\nA spokeswoman for Megi was not immediately available for comment on Thursday’s decision to drop the case. The lawyer declined to comment.\nThe men’s attorneys said they were prepared to set aside the pre-trial motions.\nA lawyer for Fontana said on Wednesday that he had filed a draft motion requesting the civil case and seeking bail. The two filed their initial court briefs on Thursday afternoon, saying they hoped to serve as quickly as possible.\nThe trial comes just months after rival lawyers in the case had already filed separate motions to dismiss the case.\nInvestigators have said the shooting happened while Fontana was out of jail on bail. He had come out of a state jail in January 2018 with a one-year, $500,000 bond.\nIn the intervening months, he had been living in a U.S. marshal’s retirement home in the Grand Isle, Louisiana, area, U.S. Representative Henry Cuellar said at an earlier hearing.\n']

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http://www.reuters.com/article/us-brazil-politics-pensions-idUSKBN17Z1RF?il=0

http://www.reuters.com/article/us-brazil-politics-pensions-idUSKBN17Z1RF?il=0

Brazil pension reform clears hurdle, faces tough approval path

['Maria Carolina Marcello']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["SAO PAULO (Reuters) - Brazil’s lower house of parliament approved a pension reform on Monday in a vote that quickly pushed its predecessor, leftist President Michel Temer, to abandon the unpopular plan in opposition.\nBrazil's President Michel Temer attends a high-level dinner to mark the anniversary of the 1966 General Strike, in Brasilia, Brazil, November 11, 2018. REUTERS/Adriano Machado\nIt was the second time a majority of lawmakers of both political parties supported the pension reform, which President Temer’s chief of staff has said would reduce poverty and help the poor.\n“The outcome marks the 100th anniversary of the General Strike,” Temer said at a news conference after the vote, which was called for by former Defense Minister Eduardo Cunha.\n“We have today decided to put a final focus on the financial health of the country and on the progress in putting an end to the state pension crisis.”\nThe government’s new reforms would benefit 1.5 million state workers and retirees with defined benefit pensions and bring in about $61 billion over 15 years.\nThey would:\n— Overturn hundreds of changes to some pension schemes, including a controversial shakeup of the schedule that guarantees a rise in the age of contributions. The measure would also alter the monthly salary of retirees.\n— Prosecute a new method for reviewing investment income. Economists have said the measure could generate up to $6 billion in extra revenue over five years, which can be used to provide investments.\n— Establish a Finance Department to better fight corruption in the pensions industry.\n— Consider eliminating three pensions with 50 percent profit margin.\n— Pursue reforms that improve transparency in pension schemes, which also affect workers’ wages.\n— Currently payments to the 4.8 million government workers have not been made in underfunded pensions.\nPolitical analysts say these reforms will ensure greater safety and fairness for the 7.5 million state workers currently paid their pensions.\nTemer has been expected to call elections to retake the presidency this year. He had said he was likely to call a referendum to shore up his support and move on to the next stage of his administration, which began the 2016-18 legislative campaign.\nThe popular politician has already taken legal action against several firms that are participating in a global campaign aimed at protecting pensions in their own states.\n($1 = 3.5716 Brazilian reais)\n"]

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http://www.reuters.com/article/us-usa-palestinian-idUSKBN17Z06S?il=0

http://www.reuters.com/article/us-usa-palestinian-idUSKBN17Z06S?il=0

Trump vows to broker Israeli-Palestinian peace, offers no new policies

['Jeff Mason and Matt Spetalnick']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['JERUSALEM (Reuters) - US President Donald Trump promised on Friday to broker a peace deal for a Jewish state in an attempt to unsettle many Israelis and Palestinians and end a decades-long conflict that has cost tens of thousands of lives.\nIn a speech at the Israeli embassy in Washington, the White House sharply criticized President Barack Obama’s policy of “limited” peace talks and said Trump was taking a “heavy aim” at non-existent military options.\nAt the same time, Trump, a former college basketball star, was calling for a pullout of U.S. troops.\n“You have both inside and outside of the United States, obviously, missiles coming out of the United States, and this has not gone well so far. One, it may well happen, and it may not,” Trump said at the U.S. embassy in Tel Aviv.\nObama ended a three-week-old peace process that was backed by both Israelis and Palestinians in 2015 but in August Trump promised to quit talks altogether. He added: “Despite these circumstances, if peace does not come to an end and the Israeli-Palestinian conflict is resolved, I stand ready to build some kind of new peace agreement.”\nAt the same time, Trump said he was “going to try and broker some kind of agreement between the parties,” that would acknowledge responsibility for destroying decades of peace, which has combined economic and cultural exchanges and animosity toward Jewish-only communities.\nIn a speech at the Israeli presidential palace, Trump addressed the real estate industry.\n“I would be pleased to work for Israel. The United States has enormous historical and cultural ties with Israel. I have a lot of respect for the people of Israel and this is of course a special place for them and a special place for us,” he said.\nA right-wing Jewish U.S. administration, Israel is infuriated by Trump’s anti-immigrant rhetoric and boasts of a strategic unity with the U.S. Congress.\nIf Trump had remained in office as he had hoped to, the United States would have split it into two groups, one looking to get peace on its side and the other looking to push for less on its side.\nThe relationship with Israel is crucial for the Republican party of the United States and for the president, who has been a uniter by the state of Israel since taking office in January 2017.\nOpinion polls suggest that Trump is popular among Democrats and that Palestinian-Israeli violence is the best-or-fewest trending topic on social media.\nResponding on Twitter, Jewish Voice for Peace president Danny Danon said: “The president and Congress have done nothing to support peace and shia during the crises that have been happening in the world since Obama’s election, which remains one of the darkest times for U.S. foreign policy in modern history.”\nA rare, but perhaps still major, disagreement in Washington over Syria has been overshadowed by debate over President Donald Trump’s travel ban and the administration’s response to Russia’s vote in the United Nations General Assembly.\nWhile efforts in Congress have to be put on hold, Trump has said he is still a supporter of Israel. He gave away more than half of the proceeds of the Winter Olympics in South Africa on Thursday to his personal bank account.\n']

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http://www.reuters.com/article/us-venezuela-politics-idUSKBN17Z1ZH?il=0

http://www.reuters.com/article/us-venezuela-politics-idUSKBN17Z1ZH?il=0

Venezuela death toll rises as foes protest Maduro’s power shakeup

['Andrew Cawthorne and Alexandra Ulmer']

01-01-2021

reuters.com

success_wayback

gen

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['DUBAI (Reuters) - More than 1,100 people were killed in Venezuela’s sweeping power shakeup announced by President Nicolas Maduro on Friday, including many outside a government-supported school for the poor, opposition leader Juan Guaido told Reuters.\nOpposition leader Juan Guaido arrives to visit the National Assembly chambers at the National Stadium in Caracas, Venezuela, January 1, 2019. REUTERS/Carlos Garcia Rawlins\nThe government said Guaido, who has declared himself interim president, “received the principle of loyalty” after Maduro disbanded the National Assembly on Thursday and dissolved his governing coalition.\nHe said there was a public “novel way of compounding” any weakness he or his party might have. But Guaido has called on his supporters to resist the moves by Maduro, saying they impinge on national rights.\nMaduro’s decree saw thousands of former students entering the government’s “indivisible assembly”, which is controlled by international activists who assert the leftist president is breaking the rules of democracy.\nThe students are seeking an end to more than a decade of devastating economic sanctions and will hold rallies in more than 10,000 locations on Sunday, according to Universidad Nacional Autonoma de Venezuela (UNA).\nMaria Corral, UNA’s vice president, told Reuters people would march in solidarity with protesters outside the assembly building, and there would be a national “clarification and campaign” in which members of the government would agree to certain things, such as putting up with fees charged to protesters, the biggest threat to the opposition.\nMore than 3,000 Venezuelans are expected to gather at the assembly building, Corral said.\nAddressing students, representatives of the United Nations and rights groups, Maduro said: “The ultimate answer for the people of Venezuela was order to find a state of existence.”\nUNA president Rodrigo Veloso said people “should understand our constitution as a non-political program. The people must prepare the opposition to return to the future.”\nGuaido’s move has created uncertainty with many in the left still unclear about whether Maduro is the genuine leader. Analysts believe he is not.\nSlideshow (2 Images)\nTo help cut down on the unrest, the International Monetary Fund said Guaido’s reforms would “restrict opposition funding” and get rid of the most powerful newspaper and media group.\nThe IMF’s Secretary General, Alejandro Poja, has said Guaido must not impose anything on Venezuelans by placing him directly in charge of the domestic economy.\nThe new constitutional framework approved by Maduro’s government has wide powers, and critics believe a disreputable foreign and U.S. administration overreached in planning for the latest crisis.\nThe United States backs Guaido, and a European Union delegation is visiting Venezuela to assess reforms and tackle corruption.\n']

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http://www.reuters.com/article/us-apple-fund-idUSKBN17Z2PI?il=0

http://www.reuters.com/article/us-apple-fund-idUSKBN17Z2PI?il=0

Apple to create $1 billion U.S. advanced manufacturing fund

['Stephen Nellis']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - U.S. chipmaker Apple Inc is investing $1 billion in the largest-ever initial public offering in a new round of public offerings to enable firms to get into the early stages of large international manufacturing growth, the company said on Tuesday.\nWith the intention of investing in manufacturing capabilities, Apple is reviving an investment program launched nearly a decade ago by acquiring two manufacturing companies from their bankrupt parent companies.\nApple, led by former Microsoft Corp executive Larry Page, will invest nearly $1 billion as part of its $200 billion worldwide backlog, driven by demand for Apple’s advanced digital products and products from HTC Corp , Apple’s best-selling handset maker.\nThe value of the first wave of potential companies listed on U.S. exchange would more than double from the current $127.5 billion, a cornerstone of the $6.4 billion Apple has set aside for the fund, which was announced at the beginning of December.\nApple’s North American headquarters are at its Cupertino, California, headquarters.\nThe broad mid-market sector represents 15 percent of Apple’s total backlog for FY 2021, while the large portion of new companies listed on the China App Store have more than 30 percent of their accounts rest in U.S. exchange accounts, according to data from PwC, a unit of the accounting firm PwC.\nApple, along with other global tech companies, has closed more than 8,000 deals with hundreds of launch customers in the United States in the past year, according to PwC data.\nA relative small portion of such volume is supplied to small firms in Asian countries that frequently compete with large hardware companies such as Intel Corp and Taiwan Semiconductor Manufacturing Co Ltd.\nA full 20 percent of Apple’s backlog is in U.S. markets, where Apple has experienced a strong fourth quarter from sales of Apple Watch, the flagship wearable device, to name a few.\nShoreTel Corp, a provider of mobile payments, was the first U.S. firm listed on U.S. exchanges in late October.\nA $200 billion infrastructure investment program launched over the last decade has enabled China’s Big 3 mobile carriers to catch up with many of their U.S. rivals, such as AT&T Inc and Verizon Communications Inc.\n']

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http://www.reuters.com/article/us-facebook-results-idUSKBN17Z2GY?il=0

http://www.reuters.com/article/us-facebook-results-idUSKBN17Z2GY?il=0

Facebook shares dip from high as investors fret over costs, future profit

['Rishika Sadam and David Ingram']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) shares pared gains after the social media firm reported its fourth-quarter results, but missing Wall Street expectations on Tuesday, pressured by a 12 percent drop in profit and the impact of the company’s biggest acquisition ever, WhatsApp.\nFacebook is seen on screen in this still image taken from November 13, 2015, a photo showing WhatsApp users. REUTERS/Facebook/Handout via Reuters\nFacebook also said it would continue to buy other tech companies including Dropbox, WhatsApp and Google in a bid to diversify its services and expand their use in areas like maps and web browsing.\nBut investors were less enthused about results, perhaps because investors have been lining up their cash ahead of earnings.\nFacebook reported that first-quarter revenue fell 12 percent to $9.62 billion, missing a Reuters consensus forecast of $11.32 billion. That was in line with analysts’ estimates.\nFacebook shares dipped 5.1 percent at $42.40 in early trading.\nAfter ending 2016 with a valuation of around $104 billion, many investors have worried about Facebook’s potential to become a cloud-centric company at a time when rivals such as Alphabet Inc’s Google and Amazon.com Inc (AMZN.O) are fighting to reign in the market for the world’s largest social network.\n“Facebook’s earnings report was solid, but certainly disappointing, especially since revenue was higher than expected, and so far, growth has been more nominal than significant in 2016 and 2017,” said Jefferies analyst Chris Hush.\nSitting with 22 percent of current market cap, Facebook faces potentially more downside. Hush predicts a market cap of around $104 billion, including dividends, as of Sept. 30.\nAt the top end of that range, the stock would pull back to around $90 before a sharp rally in the stock over the next 12 months.\nHush sees Facebook “off nearly 25 percent of this year’s expected growth,” which would mean about a 1 percent buyback.\nSome Facebook bulls hope that at least the CEO team can address at least some of the fundamental concerns of an increasingly large market.\n“Any management team can start to do things better and the hiring of more top leadership can lift the stock,” said George Monbiot, editor of FANG stocks and media newsletter High Yield Strategy, “It would be incredible to get this out of your system.”\nTwitter Inc (TWTR.N) shares slipped 2.6 percent and were the biggest drag on the S&P 500 index.\nMiddling returns?\nMobile ads, which generate enormous revenue for Facebook, need only one firm to provide notice of a planned sale.\nInvestors will get a glimpse of that in Thursday’s earnings report, when Facebook posts some further details of its long-term outlook, including the top lines.\n“The long-term outlook for Facebook is, well, is positive,” said Anshul Gupta, an analyst at investment bank PwC.\nFor the full year, Facebook expects revenue of around $50 billion to $60 billion, down from a previous estimate of $53 billion. Earnings per share of $2.74 were below expectations of $2.63, according to Thomson Reuters I/B/E/S.\nFacebook is looking to save as much as $2 billion per year by buying acquisitions and adding talent, said Chief Executive Mark Zuckerberg, speaking on a conference call with reporters.\nFacebook will have about $2 billion of its own cash in 2020, and in 2022 cash will rise to $4 billion.\n']

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http://www.reuters.com/article/us-cyber-alphabet-idUSKBN17Z2I6?il=0

http://www.reuters.com/article/us-cyber-alphabet-idUSKBN17Z2I6?il=0

Spam campaign targets Google users with malicious link

['Jim Finkle and Alastair Sharp']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['A file picture shows the screen of alleged spam messages from YouTube and other websites. REUTERS/Parivar Pictures/Handout\nSAN FRANCISCO (Reuters) - A U.S. federal court ruled that the ads on YouTube and other websites containing content from U.S. tech companies such as Facebook, Google, Microsoft and Amazon are subject to a so-called “fair use” exception designed to fight spam attacks that reach millions of people.\nThe decision on the definition of fair use against software developers and web publishers could aid the Trump administration’s attempts to impose stricter rules on online piracy, as well as extend bans on advertisers and services.\nUnder the interpretation of the National Security Agency communications interception program, there are exceptions for sites that don’t have previously been identified as vulnerable to illicit attack, and consumers can still visit the websites that may offer some form of coverage. But those exemptions are needed to ensure that sites don’t hurt someone else.\nThe U.S. Federal Trade Commission added in its 11-page ruling that the “fair use” exception can’t be applied to ads directed at user or recipient accounts that don’t connect to them. The FTC didn’t immediately respond to a request for comment.\n“We believe this exemption is intended to avoid another fine between qualified and invalidity by setting extremely high legal and policy bar,” FTC chairman Ajit Pai said in a statement.\nThe FTC’s exemption brings the burden down on companies that sell online services, including Google, Facebook and Microsoft.\nPai said that includes Google, Facebook, Microsoft and other Internet companies.\n“This ruling should set a new precedent for how internet companies should govern how they manage ad-supported services and protect users,” Pai said.\nThe ruling could take years to finalize and the FTC could enact tougher legislation, Pai said.\nMajor online ad networks such as Google and Facebook already have relatively narrow uses of fair use exemptions. In 2013, the FTC took a 6 percent hit from the exemption granted to Internet companies that run online data stores that store data about users, particularly Internet traffic from social networks like Facebook and YouTube.\nThe ruling deals with content from encrypted file sharing services such as BitTorrent, or “filters” in which file sharing networks gather user data in order to identify and filter videos that they are viewed by others.\nIn a brief on the decision, Pai said a 2017 settlement at Google for $235 million that incorporated changes to the Fair Use Rule did not “directly or indirectly” protect online sites that violated those principles.\nPai, who is openly criticized by Republicans for trying to clamp down on piracy, has proposed a variety of measures to expand online monitoring, bring to the forefront those that promote online services.\nPai has adopted reforms similar to those proposed by then-candidate Donald Trump and his chief speechwriter Adam Davidson, the FTC said.\n“The FTC’s decision today recognizes the great creativity that has gone into the open Internet,” Pai said. “This ruling will be a benchmark for other courts taking similar action.”\n']

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http://www.reuters.com/article/us-usa-compliance-walmart-idUSKBN17Z2PM?il=0

http://www.reuters.com/article/us-usa-compliance-walmart-idUSKBN17Z2PM?il=0

Wal-Mart seeks anti-corruption certification, in talks with regulators

['Kevin Krolicki and Nandita Bose']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Wal-Mart Stores Inc (WMT.N) will begin testing pilots for anti-corruption on Amazon.com Inc’s (AMZN.O) platforms, even as it conducts audits over the deal to sell stock in a new hedge fund it plans to use to buy at least 50 percent of the top U.S. grocery seller.\nFILE PHOTO: The Wal-Mart logo is seen at the entrance of the Wal-Mart world headquarters in Bentonville, Arkansas, U.S., October 13, 2018. REUTERS/Keith Bedford/File Photo\nThe retailer declined to provide a timeline for the testing or a potential certification process. It is also increasing efforts to improve anti-corruption compliance at the U.S. retailer’s, Wal-Mart Chief Executive Jeff Dunn and other senior managers.\nA new agreement with hedge fund Express could give Wal-Mart a tool to ensure it will not have trouble helping U.S. regulators get a better handle on practices among many of the world’s biggest retailers.\nWal-Mart and Express were started by Wigbaum Capital Management in 2008, with nearly $90 billion under management. Wal-Mart bought its stock with more than $200 billion of the firm’s assets at the time.\nThe agreement with Express to test subjects for anti-corruption is scheduled to ship in early 2021, Wal-Mart said.\nWal-Mart does not hold index positions on the investment fund or make investments in members of the group. Instead, Wal-Mart is willing to pay a fee to acquire and purchase share capital of other Wal-Mart-owned businesses, said Elizabeth Saunders, president of Wal-Mart Global Business Initiatives, a fund that focuses on buying and managing stocks for its retail operations.\nThe e-commerce giant is undergoing major changes following the $13 billion deal that sent the company’s shares up almost 10 percent last year. After Reuters reported last month, Walmart’s workers union said it would hold a rally in front of its headquarters in Bentonville, Arkansas, on Jan. 28 to protest Wal-Mart’s pricing practices.\nThe company’s managers, including Dunn, are reviewing some 46,000 hours of practice data that was collected over the last three years under the retailer’s Watchpoint program and documenting every step of a worker’s job.\nClarence Otis, a Wal-Mart spokesman, declined to comment. The spokesperson said the retailer has not yet reached a final determination on whether a certification is part of the $1 billion contract to sell stock in Express.\nWal-Mart is the only U.S. retailer that would require approval from a majority shareholder’s board for an acquisition that could undermine a deal with WestJet Airlines Ltd (WJA.TO) that attracted investors to buy its shares.\nThis week, Walmart Holdings Inc (WALA.TO) said the Environmental Protection Agency could consider increasing standards for improper use of pesticides, making it more difficult for it to sell Walmart shares to gain approval for the deal, a regulatory news release said.\nThe aggressive anti-corruption efforts by Wal-Mart and Express could deter future purchases of less popular competitors like Amazon.com as it continues to focus on improving its own performance.\nThe fight against corruption and price transparency at Wal-Mart, the largest U.S. grocery chain by far, could significantly hurt Prime Food Services Inc (HTI.O), which it spun off last year as a retailer. That company was running one of two full-service grocery chains.\nIt declined to comment on its planned opening of Whole Foods Market in Florida, which has struggled to attract a major retail presence since shutting in 2015.\nShares of Whole Foods fell about 12 percent on Thursday.\n']

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http://www.reuters.com/article/us-milken-conference-herbalife-idUSKBN17Z2G4?il=0

http://www.reuters.com/article/us-milken-conference-herbalife-idUSKBN17Z2G4?il=0

Herbalife CEO talks about obesity, vindication at Milken Conference

['Svea Herbst-Bayliss']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - Activist investor Carl Icahn warned Harvard University investor William Ackman at a Chicago Economic Forum that he has no plans to sell his stake in Herbalife Ltd, saying the activist investor has denied that there is no evidence that the personal trainer is a pyramid scheme.\nHerbalife's logo is seen at an Amira Sarma store in Mumbai, India, November 26, 2016. REUTERS/Danish Siddiqui/Files\nHerbalife shares had soared in August as the company reported strong sales on a stronger dollar. They had tumbled as much as 17 percent in the trading day that followed that week, racking up a series of quarterly losses, mostly driven by lower margins.\n“I have not heard from (Herbalife’s board) and management what they’re telling me and I’ve been unable to corroborate that,” Icahn said at the Milken Institutional Investor’s Economic Forum in Beverly Hills, California on Thursday.\n“I find it interesting they don’t give in, and I’m not saying they give in. I’m saying they give in and they say it’s too late, so I’m not going to sell now and leave the stock.”\nIcahn, who brought Herbalife to the U.S. stock market and is active in several active hedge funds, said that the Motley Fool’s 800,000 members provide a better idea than any conventional newsletter because they can poll respondents every 30 days and are typically allowed to sell shares at up to 20 percent.\nHerbalife shares were unchanged at $15.50 in midday trading on the New York Stock Exchange.\nIt took over 63 percent of the shares it bought on August 3 last year for $258 million.\nHerbalife made billionaire investor Chris Sacca a third-round “short” investor in the company through a $93 million cash and short position he has built up with a Twitter stake of $224 million.\nAt the forum, Icahn defended his long position and said he was satisfied with her stock price in addition to its performance.\n“It’s currently trading at an annualized $169,000 cash position that doesn’t seem overly expensive. What’s more, it’s not the sort of company that gets caught in a skimming operation, where the company is showing superior growth and has beaten expectations,” Icahn said.\n"]

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http://www.reuters.com/article/us-france-election-idUSKBN17Z03V?il=0

http://www.reuters.com/article/us-france-election-idUSKBN17Z03V?il=0

Macron, Le Pen clash on euro, terrorism, in French pre-election TV showdown

['Michel Rose and Ingrid Melander']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['PARIS (Reuters) - French presidential hopefuls Emmanuel Macron and Francois Fillon clashed during an early pre-election debate on Sunday, having picked up steam as challengers to Macron’s presidency and replaced him with conservative heavyweights in French politics.\nIn separate clashes, neither Macron nor Fillon were definitively defeated. Macron has by far won the “Leave” vote, having taken French out of the European Union and has consolidated his lead with tough election-fighting strategies.\nTheir anti-austerity style has garnered fawning coverage on French television and former Franco-German prime minister Gilles Moec visited the institute with the French president to defend the “Macron for Europe” campaign.\nBut a more confrontational style looks inevitable as the contested ballot starts, with two thirds of voters expected to be in favour of change.\nThough Macron has won the “Leave” vote as the anti-establishment 5 May party aims to return France to the center, Fillon, 47, which she served briefly as finance minister, has delivered the strongest pro-European rhetoric at the presidency.\n“Mondial” Macron called for the disaffection in French voters unhappy with class division and low wages and said he would approach the investigation into wrongdoing at France’s energy and financial sectors by suing the French state.\nAmid growing tension, the three showed no sign of backing away from an intervention in the investigation, again for the first time after Saturday’s violence.\nFillon, who came second in the 2015 election, angered voters by promising to vote for Macron if he wins the May 7 poll.\n“It is a battle of ideas, of dreams for Europeans,” he said in Brussels. “More radical change is necessary.”\nAt 1:40 p.m. (0440 GMT), Macron gave Fillon one final warning.\n“You voted for me, if you are afraid, I am scared ... after you vote on Friday the country will be a place where you can drink in peace,” Macron told him.\nAfter the battle in Brussels, Fillon appealed to French voters to go back to the polls after a government he won back in 2014 left left with its pensions unchanged.\n“The country wants a government committed to a review of that,” Fillon said, referring to the last few years of Francois Hollande’s term.\nRESLIVING LEGION\nMacron addressed a similar question during Sunday’s debate, saying “Europe is crumbling, especially France.”\nThe president of France, a conservative, has focused his domestic affairs on defeating the French state and on saving the country from a “war.”\nOne of the final questions asked the pair to admit French woes might not be over for the sake of spending, but that France’s debt is out of control, without austerity measures.\nBefore the debate ended on Sunday, Macron thanked Fillon for his “extended time.”\n“If I make an impression I expect that our fellow French will also. He said so with great sincerity.”\nFillon, who goes by the title “Pascal Blanc” as he campaigns alongside Le Pen in several French regional rallies, said Hollande needed to act now on tightening the screws over France’s military capabilities.\n“What gives me hope is that we now have a private dialogue. That means we see the incident of the great crisis,” he said.\nMacron has also promised to curb migration and fight tax evasion by allowing foreigners seeking to immigrate to France more quickly than French nationals seeking residency.\nFor almost two decades, Macron has been a pro-European moderate. But he has lost the face of his party to populist and anti-establishment parties.\nThe most passionate supporters of the “Leave” candidate, Marine Le Pen, have vowed to vote for Macron to steer the country into a new direction.\nShe has said she wants to strengthen France’s defence while also taking on red-hot immigration.\nBoth candidates have lost badly in recent local elections as left-wing parties have surged in lead but neither candidate has won the support of French voters in opinion polls.\nBy contrast, many Thierry Hemmat, 49, has pulled in support from nationalist and populist parties.\n“The frustration is there, the frustrations are common,” Hemmat said during a visit to Paris on Sunday.\n']

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http://www.reuters.com/article/us-uber-tech-alphabet-lawsuit-idUSKBN17Z0U6?il=0

http://www.reuters.com/article/us-uber-tech-alphabet-lawsuit-idUSKBN17Z0U6?il=0

Waymo has ’no smoking gun’ in Uber self driving car case -U.S. judge

['Dan Levine and Alexandria Sage']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN FRANCISCO/NEW YORK (Reuters) - Alphabet Inc’s (GOOGL.O) self-driving car subsidiary Waymo, sued on Tuesday by California regulators to stop violating California’s open-space law by sharing information about cars with Uber, alleging that the company is using commercially unfriendly tactics to evade the public’s trust.\nA Waymo logo is seen in the desert of Morongo Band of Luque, May 29, 2015. REUTERS/Robert Galbraith\nThe lawsuit was filed in federal court in San Francisco by Waymo, which is developing self-driving cars that would send an autonomous ride to autonomously take customers to the grocery store.\nGoogle launched self-driving car services in California two years ago, part of a broader effort to drive the world’s biggest technology industry toward self-driving technology.\nThe company first sought Federal Trade Commission approval for its projects in California in September 2014, but was told last month that it would not be required by the state agency to provide any information about Uber’s self-driving cars because of an “implausible countermeasure” that could lead to an overbroad public warning, the lawsuit says.\nWaymo filed a similar suit against Uber in October, an attempt to block the rideshare company’s ride sharing activities, and the federal agency said it was not obligated to disclose this information because Waymo did not believe the Uber controls or technology protects consumer privacy.\nThe Waymo lawsuit is not the first time the company has brought claims alleging that tech companies share information with each other and rigorously contest each other’s claims.\nWaymo, which wants to set up a computer network for vehicles using its cars, argues that Uber has breached state privacy laws by sharing information that could create an unfair, false or deceptive trade promotion system, and that same auto lobby has used a similar tactic in a similar court case against Alphabet Inc’s Waymo.\nUber was not immediately available for comment.\nU.S. District Judge Debra Cafarello in San Francisco issued an order requiring Waymo to comply with its pre-2011 efforts to publicly disclose such information. She said that Waymo had just used its own technology to create some car-sharing-related files under California law.\n“It appears that the self-driving cars he seeks to develop are essentially the same hardware as those he seeks to develop ... and that he’s using that technology to violate other government privacy laws,” the judge wrote in the order.\nThe case is Waymo v. Alphabet Inc, U.S. District Court, Southern District of California, No. 16-10525.\n']

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http://www.reuters.com/article/us-tesla-results-breakingviews-idUSKBN17Z2NK

http://www.reuters.com/article/us-tesla-results-breakingviews-idUSKBN17Z2NK

Tesla demonstrates valuation staying power

['Antony Currie']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['DETROIT (Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Wednesday that he is continuing to seek alternatives in order to outperform the electric car industry going forward.\nFILE PHOTO: The Tesla Model 3 is displayed at the Los Angeles Auto Show in Los Angeles, California, U.S., May 5, 2017. REUTERS/Lucy Nicholson/File Photo\nIn an interview with Forbes magazine, Musk said the Model 3 production has been running smoothly in its first month - contributing to Tesla’s second-quarter net profit, which topped expectations.\nHe added he is looking to pursue energy alternatives, such as investing in spin-off assets, while throwing in some “sin” into Tesla’s Model 3 range.\n“Whatever is good for Tesla is good for my business,” Musk said, hinting to Reuters that Tesla’s Model 3 production pace may be showing signs of diminishing returns.\n“We are at the point where we really want to make these batteries on a mass scale on the market, with options, so when demand is back, then we are going to see more come into the market,” Musk said.\nHe said Tesla would try to “reduce the ownership cost” through mergers and acquisitions but added that his goals as CEO would be to keep that company as “an integrated company,” including with emerging technologies such as electric motors.\n“Looking forward, what we are seeing in the area of wind power is big, and we see wind power growing fast. We need to adjust that all at once to reach the right picture of what the future holds.”\nTesla’s surging stock price, fueled by increasing demand for electric vehicles, in part helped fuel Musk’s 2016 bid to buy rival electric carmaker Tesla Inc (TSLA.O).\nTesla’s growth slows further in aftermarket sales because of a slump in electric vehicle registrations, mainly from the oil industry.\nMusk also said to pay attention to dividend payments. In the event of a dividend cut, the company will likely eliminate its current quarterly dividend of 39 cents.\n']

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http://www.reuters.com/article/us-facebook-results-breakingviews-idUSKBN17Z2OI

http://www.reuters.com/article/us-facebook-results-breakingviews-idUSKBN17Z2OI

Even yellow flags can’t dent Facebook’s growth

['Jennifer Saba']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["NEW YORK (Reuters) - The success of Facebook Inc’s premium-priced subscription service now puts the virtual-reality company at odds with its early competitors, and the continued rise of virtual reality could be a negative for its growth.\nFILE PHOTO: People photograph with the Facebook logo and the company's first photo of the app Cardi B. REUTERS/Mike Blake/File Photo\nFacebook has grown to 14 billion monthly users from just four years ago, giving it a user base unmatched in virtual reality or augmented reality. At the same time, its efforts to tie engagement with advertising are jostling with those of Google Inc’s YouTube, Twitter Inc and Instagram.\nIt remains to be seen whether Oculus VR Inc, which just closed a $300 million deal with Facebook last year, will try to blunt any gains made by Facebook’s ascension to a leading consumer platform. Both rival makers say the advantages that all VR companies face will change over time.\nFacebook has the edge in virtual reality. The company has more than 44 million active users, and the existing Messenger service is primarily aimed at younger customers, rather than for customers as younger as 50 and older.\nFacebook users spend three hours a day on the service, compared with 72 hours on average by YouTube or Instagram users, according to a study from research firm Interpret. Facebook hasn’t specified when it will close in on users, but the research shows the lifespan of some of the apps is likely shortened by 15 to 20 percent.\n“When you have a fresh new product that’s now sold outside of the Facebook platform, it will be difficult for any one company to compete at that level. A lot of Facebook users, they follow that product a lot,” said Alexander Cohen, portfolio manager at Citigroup Global Markets Inc, the investment banking unit of Citigroup Inc.\nIt’s a double-edged sword, as virtual reality companies need more time to build their websites and business models. Unlike YouTube or the rival Instagram, Facebook’s real-life audiences aren’t quite as far along as the existing digital advertising market.\nFacebook offers discounts on items of high value for users, which in turn improves advertising revenue, Cohen said. Facebook investors can pull more from the company’s game console and mobile efforts.\n“Like to stay in the game or not get inside and get the upgrades, I would like to be one of these great smaller companies and not get close to Facebook,” Cohen said.\nBright, balanced value\nFacebook’s biggest competitor is Oculus VR, which offers its games for $200 a pop, which do not have their own headset. That may make the expensive headset an increasingly appealing option for those worried about the quality of VR experience.\nIt also could factor into Facebook’s decision whether it purchases Oculus VR from a major U.S. tech company that has not announced outright a purchase, said Brian Blair, an analyst at Pacific Crest Securities in San Francisco.\nFacebook will cut Oculus by half in mid-2019, but that leaves it with fewer than 200 games to download, he said. Games that are not hardcore gamers - movies, book-making - can cost a fraction of that.\nEven if Facebook went with a smaller company, would Microsoft Corp, Apple Inc and Google have similar ambitions, according to analysts at Morgan Stanley.\n“I think Microsoft remains a potentially large competitor in virtual reality, but also, Facebook would likely be an equal possibility,” said Michael Pachter, an analyst at Wedbush Securities in Los Angeles.\nEven the odds of a Facebook acquisition, or a sale, might change with more resources at Facebook’s disposal.\nThe Facebook ads that marketers pay Facebook for allow their consumers to build 360-degree videos that can play on the device without the context of the virtual reality experience, potentially stoking competition. Snapchat, the casual messaging app that went public in June, and Alphabet Inc’s Google have both shown a willingness to take on virtual reality and other augmented reality software.\nHowever, Google’s ads only work on PCs and mobile devices because they are not integrated with phones or tablets, and vice versa. That could limit Facebook’s ability to move such integrated ads.\nTechnology companies can look for ways to make their product experience deeper, if Facebook continues to expand its activities. That includes partnering with marketing firm Omnicom Group Inc on music and tie-ins with stores.\nOmnicom-backed Cardi B is one example. A recent commercial for Cardi B’s “Count Me In” tour, which features her singing and dancing, is widely viewed as a boost in sales of the virtual reality star.\n"]

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http://www.reuters.com/article/us-puertorico-debt-bankruptcy-idUSKBN17Z1UC

http://www.reuters.com/article/us-puertorico-debt-bankruptcy-idUSKBN17Z1UC

Puerto Rico files for biggest ever U.S. local government bankruptcy

['Nick Brown']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN JUAN, Puerto Rico (Reuters) - Puerto Rico on Friday filed to state a notice of default for Chapter 11 of its budget and borrowing authority, becoming the biggest U.S. local government debt restructuring for a local leader in history.\nFILE PHOTO: The General Administration of Puerto Rico (EPA) port near the Imperial Class AAA rated Aquanaut Strain State Pier General Store on December 15, 2013 in Guadalajara, Mexico. REUTERS/Gustavo Pinheiro/File Photo\n“This announcement follows a recent adjustment that creates this unprecedented and unique Chapter 11 proceedings,” the firm representing the local leader in debt restructuring told the U.S. debt holders in a letter.\nPuerto Rico, one of the three U.S. states with the lowest aggregate amount of municipal debt, is seeking to restructure as much as $60 billion in debt from debt holders including the city of Guadalajara. It wants to shutter about $50 billion of underperforming debt and have it transferred to a new capital account with an expanded tax base.\nThe latest filing marks a deepening of debt restructuring efforts in the U.S. territory, where about 35 percent of the nation’s $180 billion in public debt was maturing in 2016.\nThe Puerto Rico debt restructuring is the largest ever consolidated Chapter 11 bankruptcy, according to Michael Fay, a bankruptcy lawyer at Birchman and Rayonier & Fiore.\nNearly 80 percent of Puerto Rico’s debt has been restructured under Chapter 11 cases with more than three-quarters of that debt transferred to the new capital account in the filing. The most recent example is Puerto Rico’s $16 billion two-thirds break-up of World Heritage-listed Mein Kampf.\nFay said the filing is part of a larger effort by the authority to restructure as much debt as possible, without affecting all its debt.\nPuerto Rico’s consolidated pension funds are in dispute over their share of the redemptions and its computer systems are struggling to cope with a potential sell-off of the shares of casinos owned by other holders of municipal bonds as they flow through the system, Fay said.\nThe filing includes roughly $10 billion of outstanding $6.8 billion in debt, Puerto Rico said. The Puerto Rico investors and hedge funds involved have agreed to divest about $9 billion of debt.\nIf it is approved, the Puerto Rico creditors will control about 8 percent of the estimated cumulative proceeds from creditors’ holdings of certain debt that could range from $5 billion to $10 billion, according to the filing.\nPuerto Rico, which had about 1,200 retirees’ dollars withheld for 13 years, is struggling to pay about $21 billion in debt, as creditors seek to cut more than $50 billion in general obligation debt and other overhead savings.\nThe authority on Tuesday announced plans to suspend bond market sales of bonds issued by local authorities as part of restructurings with government bondholders.\n']

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http://www.reuters.com/article/us-usa-fed-idUSKBN17Z28S

http://www.reuters.com/article/us-usa-fed-idUSKBN17Z28S

Fed holds interest rates steady, downplays economic weakness

['Lindsay Dunsmuir and Jason Lange']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - The Federal Reserve left rates on hold on Tuesday despite a benign global economy and appeared to show some downward momentum from rising energy prices and a trade dispute between China and the United States.\nThe FOMC member Ben Bernanke, chair of the U.S. central bank, said the central bank is currently focused on meeting its longer-run objective, keeping its policy rate on hold until the economy improves.\n“Markets have generally supported the Fed this year with continued economic strength, broad based optimism regarding economic activity, and appropriate and accommodative monetary policy,” Bernanke said in prepared remarks released at a news conference.\nThe U.S. economy has stabilized since late last year, the central bank’s largest one-day rally since mid-2014.\nBut a debate has broken out among policymakers that the prospects for growth remain uncertain, with many investors seeking the stability of the labor market to offset concern that trade tensions and politically difficult budget issues may delay growth.\nBernanke said the FOMC expects inflation pressures to gradually converge toward the central bank’s 2 percent target over the next several years and that progress in narrowing differences with the dollar would produce savings from curbing the upward trajectory of the U.S. debt burden.\nOver the longer term, that tension could translate into higher interest rates that could pressure some homebuilders and credit-driven businesses to postpone home purchases.\nNonetheless, his statement drew a steady applause from investors who are frustrated with near-zero short-term interest rates that are the Fed’s main source of strength for achieving unemployment that has fallen below 4 percent for the first time in two decades.\nSince the U.S. central bank raised rates three times in mid-2014, benchmark U.S. Treasury yields have risen along with inflation.\nSlowing inflation could pressure the Fed to gradually reduce its bond purchases as it steps up search for a sustainable way to stimulate the economy. Bernanke noted that bond-buying in the form of mortgage-backed securities also erodes the Fed’s balance sheet, which remains at near-record lows.\nEconomists polled by Reuters had forecast the Fed would keep interest rates on hold at least through at least late 2022.\n']

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http://www.reuters.com/article/us-milken-conference-outlook-idUSKBN17Z27F

http://www.reuters.com/article/us-milken-conference-outlook-idUSKBN17Z27F

Milken’s big money investors ’grind it out’ as bull market ages

['Lawrence Delevingne']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK The ripples from a profound bear market in equity index funds continue to deepen in the current bull market, as a new index provider comes online and allows investors to invest in stocks at their own pace.\nStocks have plunged sharply since hitting new record highs last summer and on Thursday, the MSCI All Country World Equity Index dropped roughly 3 percent.\nThe experts have worked to change the way long-term investors treat their holdings as investors and move the way many portfolios are governed by fixed income investing.\nBut they have been stymied by significant tailwinds.\nGlobal markets have been knocked off their outperforming pedestals for the past two decades, and are now recovering from their worst stretch of performance in more than a decade.\n"It\'s kind of a halfway-to-destroying situation," said Eric Adams, vice president and senior fund analyst with CIBC World Markets.\nOver the past five years, the average yield for large-cap large-cap stock fund assets has hit 7.7 percent, a 17-year low, and the overall return on large-cap large-cap stock funds has been stuck near historic lows.\nThe investment strategies that run most of the companies in the S&P 500 by market-cap weight have in the past mainly been centered on the big-company business segment in the U.S. "large" stocks are now associated with everything from auto parts to energy stocks.\n"With companies that are undervalued, you\'re looking at a very big discount and possibly our 10-year returns are more like 10-year treasuries," Adams said.\nYet much of that discount, he said, is down to the dividends or they will not generate income for investors over the long term. Over the past five years, dividends and interest payments generated the value of all dividends and interest payments.\nIn fact, the average market-cap dividend yield is 2.2 percent, according to the financial website MoneyGram, which calculates the maximum percentage return on S&P 500 stock and/or index funds.\n"While the market may be down sharply in the near term, we\'re predicting four to six months of positive return," MoneyGram spokeswoman Gina Salinas said.\nIt\'s becoming harder for managers to put together big portfolio boosts, Adams said.\nOther managers like William Blair Asset Management have vastly outperformed the market over the past 20 years, but with added stress and territory is sometimes difficult to focus on.\nFor example, managers like the Venrock Investment Management have a massive stock equity portfolio, called the 56 Broker Advisors (VAA) portfolio.\nWADILAN MUM AT THE TABLE\nSince the early days of the market, Ackman has been a hard-core bear, speculating that it\'s time to take the long road to rebuilding his fortune, arguing that the momentum in the markets had turned against him.\nBut those gains in 2018 have been largely out of Ackman\'s control and are down slightly this year and 18 percent for the year.\nAs managers of big equity positions, Ackman does not trade on the big index or top of the fund. Instead, he trades on many of the largest mutual funds, including large-cap blue chips such as Procter & Gamble, Kimberly-Clark and the Vanguard FTSE Emerging Markets Index fund.\nThe current activist investor wants to place a $7 billion equity fund in Madoff\'s portfolio, which would have been a tremendous boost to the manager\'s returns.\nCisco, which invests heavily in emerging markets and green fields, is an "integral" manager of the current portfolio of mega-cap Facebook and Snap Corp, said Christina Starkling, a senior fund manager at XOM Inc.\nThe current Mr. Market has already shown itself to be much less volatile than the past several bull markets, although a bigger slice of that amount is being transferred into the ETFs created by Apple\'s (AAPL.O) voting rights deal.\nEven though the long-term odds for major outperformance have steadily improved, Ackman\'s latest moves have for now remained under intense scrutiny.\nAs a further hurdle, IBM, which puts itself on the front burner on the short-term ACHFs, has become known as a gauge of a manager\'s risk appetite.\nNet trading and allocation to companies has been a growing concern in recent years. And many top managers want to buy their stock at a discount, refusing to go it alone in a trade.\nRegardless of how long the bull market ends, investors should be confident in their own investments, Adams said.\n(Reporting by Lawrence Delevingne; Editing by Caroline Humer)\n']

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http://www.reuters.com/article/us-usa-stocks-idUSKBN17Z17A

http://www.reuters.com/article/us-usa-stocks-idUSKBN17Z17A

Wall Street slips as Fed holds on rates; financials rise

['Lewis Krauskopf']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Wall Street posted mostly mild losses in morning trading on Thursday, retreating from a three-month high, as investors awaited Fed minutes at a November meeting, but financial stocks continued to rally, with the S&P financial index .SPXI up 0.3 percent.\nA vendor checks the sale of building materials at a residential construction company in New York January 1, 2014. REUTERS/Brendan McDermid\n“It’s probably not the start of the end of the bull market, but it’s disappointing as we move through the first half of the year,” said Ian Lyngen, chief investment officer at Pacific Investment Management Co.\n“At least we’re in the gatekeeper stage. It’s better to be slightly optimistic than not at all.”\nThe S&P financial index .SPSY also had a 0.2 percent gain.\nBank of America Corp (BAC.N) led the banks higher, with its shares gaining 2.5 percent, while Citi Holdings (C.N) rose 2.4 percent and Wells Fargo & Co (WFC.N) rose 3.5 percent.\nTuesday’s release of minutes from the Federal Reserve’s most recent policy meeting underscored the Fed’s slow pace of tightening, and even slowed matters, because it reduced rates for the first time in nearly a year.\nBernanke and others have expected Fed policy to tighten again in coming months to help cushion the economy from stronger-than-expected growth and possible weak economic expansion.\nThe Fed appeared to back away from the prospect of a rate hike next month when minutes from its December policy meeting released on Wednesday night suggested the central bank may be “on track” to start raising rates twice this year, either in a move to lower unemployment rates or to allow for deeper purchases of longer-term securities.\nMorgan Stanley, Citigroup and Bank of America reported earnings that beat expectations, while Goldman Sachs Group Inc (GS.N) shares closed up 4.1 percent.\nThe investment banking market, already prone to heavy losses this year, is in a familiar state.\nBank of America shares fell 1.8 percent and Goldman fell 1.3 percent as the bank struggled to shore up weak credit data stemming from a probe into mortgage-backed securities.\nGoldman is also bracing for a potential loss in 2017 from an $838 million US asset management transaction caused by a jump in mortgage-backed securities transaction data.\nCitigroup shares (C.N) fell 1.6 percent and Wells Fargo fell 1.3 percent.\nAmong other data, Nielsen Holdings PLC (N) reported a 26 percent increase in same-store sales at its Core Net Income (NII) segment, helped by an economic rebound.\nProcter & Gamble Co (PG.N) said it saw positive worldwide comparable store sales in November. Its shares rose 2.1 percent to $114.74.\nAdvancing issues outnumbered decliners by a 1.82-to-1 ratio on the NYSE, where 4,445 issues advanced and 4,024 fell.\nThe S&P 500 posted 12 new 52-week highs and 14 new lows, while the Nasdaq Composite recorded 138 new highs and 1 new high.\nAbout 11.2 billion shares changed hands on U.S. exchanges, below the daily average of 15.7 billion for the last 15 sessions, according to MarketTrader.\n']

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http://www.reuters.com/article/us-tesla-results-idUSKBN17Z2GK

http://www.reuters.com/article/us-tesla-results-idUSKBN17Z2GK

Tesla plugs older Model S as new buyers turn to Model 3

['Alexandria Sage']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK, Jan 1 (Reuters) - Tesla Inc Chief Executive Elon Musk said on Thursday Tesla’s new Model 3 sedan would reach a certain seat capacity, potentially staving off mass market skeptics who have accused the company of over-stating fuel economy of its plug-in electric vehicles.\nTesla plans to introduce its first-generation two-liter Model 3 electric car at an event in New York City on Friday, Musk said.\nThe car is expected to hit the market in the first half of next year, and a Model 3 under consideration but not yet on the market could be pushed into the 2020s.\nThe Model 3, to debut in late 2020, will be powered by electric motors. Tesla Chief Financial Officer Blake Jorgensen told analysts on a conference call on Thursday that the car will have an average driving range of 1,000 miles, compared with 2,000 miles on the Model S.\nThe Model 3 should be the biggest sales success of Tesla’s current sedan, which sells for about $53,000, and it will help drive revenue growth as the company reports higher-than-expected sales. The Model 3 is expected to sell 4,000 units in the fourth quarter.\nThe company plans to unveil a new and sleeker version of its Model S sedan next year, which is still in development. Musk said he did not want to “let Tesla go on the graveyard.”\nMusk reiterated the company’s goal of having 5 percent to 10 percent of its total products sold by the end of 2020. It looks toward the same goal in electric cars, but Musk said it depends more on the technology powering the vehicle.\n“We’re not going to put people out of a car,” he said, adding that about 20 percent of Tesla’s vehicles are made to meet specific fuel efficiency standards, and that the rest is built to meet the trend in the automotive industry.\nThe company announced in October that it expects to lose $465 million this year from an exchange-traded fund purchase program. (Reporting by Alexandria Sage; Editing by Jeffrey Benkoe)\n']

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http://www.reuters.com/article/us-usa-budget-idUSKBN17Z1YU

http://www.reuters.com/article/us-usa-budget-idUSKBN17Z1YU

U.S. House passes bill to fund government through September

['Richard Cowan']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON, Jan 1 (Reuters) - The U.S. House of Representatives on Wednesday passed an “emergency spending bill” that funds the government through September, a day after two day bills failed to overcome a procedural hurdle.\nThe 10-year fiscal 2019 appropriations bill (EXT) would provide $6.38 billion for fiscal 2019 through September 2019.\nThe legislation reduces this year’s military budget by $80 billion to $7.14 billion. It also requires another $61 billion to overhaul the tax code.\nRepublicans, who control the House of Representatives, had in the past objected to spending for domestic programs, but they were reluctant to fund a defense major missing from the legislation.\nThat changed after the two day-long House vote, when Democratic Representative Howard E. “Buck” McKeon of California’s 39th District called a procedural vote in favor of the bill. He said the bill was “one of the more urgent” bills he had seen.\nThe measure put the government on “critical path” to its start of the fiscal year. It provides for a series of new cuts during a period when top GOP leaders blame the failure of House Republicans in the Senate for another government shutdown that grounded programs.\nDemocrats say they know better, so McCollum wants to revisit the bill next month after a break in the bills after a procedural vote.\nHouse leaders say some problems with fiscal 2019 spending also prompted passage. For example, Democrats fear the requirement to put a bill on a record-setting high spending list while they watch the debt ceiling standoff over the past week would call out Republicans for tough spending controls.\n“We all like to do the best we can, but sometimes the best we can do is some loopholes,” Speaker Paul D. Ryan said.\nRepublicans pledged to cut back on discretionary spending, aimed at settling for a $21.4 billion overall package. They also said they intended to narrow the budget gap by addressing other flaws in the law.\nWhile Republicans were unable to successfully block their spending bills, the Senate stalled the Republican effort. With the aim of getting a smaller bill to President Donald Trump’s desk, lawmakers had plenty of time. Lawmakers who held the votes in the Senate balked at a more aggressive plan to limit the number of pages that Congress can use to prevent access to obscure features of the law.\nThe appropriations bill has 60 days to pass again.\n']

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http://www.reuters.com/article/us-usa-economy-adp-idUSKBN17Z1BR

http://www.reuters.com/article/us-usa-economy-adp-idUSKBN17Z1BR

U.S. private hiring slows, services growth speeds up in April

['Richard Leong']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Hiring continued to grow at the fastest pace in more than three years in April, as lower spending by individual workers boosted hiring by employers.\nThe gain in private hire was partly attributed to hiring by consumer confidence and business travel services providers, which increased by a third in line with growth in the previous two months, data from the Labor Department showed on Wednesday.\nPrivate hiring was up by 2.6 percent, after rising 2.3 percent in April last year, dragged down by the cuts to benefits and temporary work.\nBusinesses boosted spending on hiring in January to absorb the impact of continued low employment, increasing payrolls and providing fuel to demand through tougher budget cuts that have left the federal government with higher deficits.\nPrivate hiring picked up 1.1 percent in the April survey to expand to a seasonally adjusted annual rate of 3.9 percent, according to the data, compared with 3.5 percent in November. A reading above that would have marked a new cycle of growth, along with weekly job gains for the past two months and a strong improvement in last month\'s unemployment rate.\n"Employers\' willingness to fill openings and staffing could depend on how much private hire growth grows overall and private hire activity submits its marginal growth rate in the context of expected signs of stronger economic growth in coming months," said Steve Poizner, chief economist at CIBC World Markets in New York.\n"Based on the data, we expect private hire growth for the coming month to be greater than 3 percent," he said in a statement.\nPrivate hiring has been mostly robust so far this year. Unemployment is expected to fall to 5.5 percent in February, which would also indicate a solid rebound in U.S. employment.\nA larger-than-expected reading of the economy in the January and February data also cast doubt on the sustainability of an extended steady climb in the unemployment rate.\nPrivate hiring increased by an average of 61,000 jobs every month over the three months through November, the Labor Department said. Private hiring as a whole dropped slightly, for a total of 196,000 jobs.\nThe average weekly jobless rate for October, though, was 4.7 percent, the highest since the seventh month of 2012.\nThe private sector generally earned their best performance since the recession began in December 2009. It added 295,000 jobs in January, the most since May 2009, as professional and business services companies boosted hiring by an average of 73,000 jobs each month.\nThe employers\' non-farm payrolls increased by 275,000 in January, at a clip of 1.4 percent.\n(Reporting by Richard Leong; Editing by Meredith Mazzilli)\n']

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http://www.reuters.com/article/us-apple-results-china-idUSKBN17Z1JR

http://www.reuters.com/article/us-apple-results-china-idUSKBN17Z1JR

Kings and dragons drive Apple in China, even as iPhone sales stall

['Cate Cadell']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Apple Inc forecast fourth-quarter profit at the high end of Wall Street’s outlook on Tuesday and suggested sales of its iPhone last year would take a dive, after a slower than expected upgrade cycle for smartphones.\nAn Apple logo is pictured outside a shop in New York, U.S., December 27, 2017. REUTERS/Brendan McDermid\nThe iPhone maker, which analysts say could see a 13 percent drop in quarterly sales due to weaker sales of its flagship model, reiterated its forecast for sales growth of at least 20 percent for the fourth quarter ending Sept. 30, up from a range of 12 to 15 percent.\nShares in Apple were up 2.3 percent at $177.88 in early afternoon trading.\nAnalysts at Jefferies, on average, forecast revenue of $50.6 billion for the quarter.\nFor the fourth quarter, revenue will be down around 8 percent year-on-year, driven mainly by a revenue decline in the smartphone business due to the firm’s delay in winning contracts for the iPhone 5c, the cheapest mobile phone model sold worldwide and new pricing plans introduced in China.\nThey also forecast revenue excluding Apple’s payments unit, which includes royalties from non-U.S. revenue from data contracts.\nBut Apple’s adjusted earnings per share rose 4 percent to $7.64, ahead of analyst estimates of $7.65.\nAnalysts had expected Apple to earn $7.86 per share on revenue of $55.76 billion, according to Thomson Reuters I/B/E/S.\nShares of the Los Angeles-based company have lost 8 percent in 2017.\n(This version of the story corrects first title to “L” in first paragraph to “CEO”)\n']

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http://www.reuters.com/article/us-usa-fbi-clinton-idUSKBN17Z1SK

http://www.reuters.com/article/us-usa-fbi-clinton-idUSKBN17Z1SK

FBI’s Comey defends Clinton email probe announcement, but feels ’nauseous’

['Doina Chiacu and Julia Edwards Ainsley']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["The U.S. Attorney General's Office at the FBI headquarters in Washington, May 7, 2014. REUTERS/Jonathan Ernst\nWASHINGTON (Reuters) - FBI Director James Comey on Thursday defended his decision not to prosecute Democratic presidential candidate Hillary Clinton over her use of a private email server while she was secretary of state, and expressed “nauseous” disappointment over the delay in charging her, although he pledged to continue to investigate.\nTrump and other Democrats have accused Comey of overstepping his authority and sending a crisis message to his senior U.S. attorneys by releasing a document decrying the move as a “witch hunt.”\nU.S. House of Representatives Speaker Paul Ryan on Thursday said Comey should step down, after the FBI released a statement on Wednesday that said Comey had “acted appropriately in the first eight hours of his investigation” but held off on recommending charges until a Monday deadline.\nTrump’s White House denies Comey’s move to dismiss the FBI investigation was politically motivated.\nComey, who lives in Virginia and who had moved to New York when he was U.S. attorney general, had promised to drop his investigation into Clinton earlier this month before Wednesday’s surprise announcement that he would not.\n“The concept that people were focusing on if someone was on public record (is) not always helpful in the end,” Comey said. “When it’s time to investigate these matters, I think that’s absolutely appropriate and expedient.”\nThe episode - which has prompted Comey to retire from the FBI - is likely to compound a political backlash. On Thursday, Democratic Congressman Frank Pallone expressed surprise that Democratic lawmakers were using the controversy to try to undermine Clinton.\n“I think these were unnecessary, not to be dominated by other voters,” Pallone, the top Democrat on the House Energy and Commerce Committee, said on the “CBS This Morning” show.\nIn his letter, Comey said the investigation had “enormous credibility” and “in times of disruption and uncertainty” it had assumed both the Bureau and the Justice Department would prosecute.\nComey said Comey was supportive of giving the Justice Department more time to complete its investigation.\n“If appropriate, the Justice Department will initiate investigations into the use of a private server, the investigation of the president of the United States, and the investigation of those who protected her,” Comey wrote.\nThe bureau had to wait until before another decision would be made whether to prosecute Clinton, Comey wrote.\nAfter Monday’s release of the FBI’s decision, Republicans accused Democrats of using the situation to move ahead with charges.\nMARKED OUTSIDE ISSUES\nSome Democrats worry it is time for Trump to be impeached and for Trump’s impeachment to be delayed.\nComey said President Barack Obama’s executive order to block federal agencies from reviewing emails stored on U.S. servers was part of the Justice Department’s “new approach to handling national security information.”\n“As has become the norm, Democrats are deploying tactics like executive orders like this to highlight challenges that are tied to national security matters and call into question the potential reliability of our nation’s national security programs,” he wrote.\nComey said Obama’s order, which comes on the heels of revelations of CIA Director John Brennan’s 2016 relationship with CIA director Mike Pompeo, would not delay prosecutions of Clinton.\n“Clearly, this (the FBI’s delay) seemed to be politically expedient,” he said.\n"]

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http://www.reuters.com/article/us-usa-obama-idUSKBN17Z2CO

http://www.reuters.com/article/us-usa-obama-idUSKBN17Z2CO

Obama details plans for Chicago presidential center

['Timothy Mclaughlin']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CHICAGO (Reuters) - President Barack Obama has made plans for a downtown Chicago Trump Tower as he seeks to drum up support for his administration’s efforts to increase air travel and help older Americans with money for medical care, a team of aides said on Monday.\nIllinois Democratic President-elect Donald Trump, center, announces plans for a center of space at Trump Tower in New York, January 1, 2016. REUTERS/Lucas Jackson\nThe center, to be built on a three-acre site about a half mile (2.5 km) west of Trump Tower, would be larger than any existing building in the U.S. capital, said the Obama White House team led by assistant vice president of infrastructure Dan Choi.\nChoi, the former secretary of state, stressed in a speech that Trump did not sit down with other friends for brief meetings on the matter.\nThe Trump administration has announced plans to revitalize urban neighborhoods and combine essential infrastructure, including aging infrastructure, with small businesses and at-risk residents, developers and government officials.\n“Just because you want to build doesn’t mean you have to use your innermost feelings to get what you want,” Choi said, adding that the center would be built in “a way that will benefit our people, the neighborhoods and all of us.”\nWhite House officials could not be reached for comment.\nIt is not yet clear if Chicago’s new center would be the first of its kind in the United States, or if it would be part of a broader effort by the Trump administration to provide one-stop shopping for Obama-era policies.\nWhite House Deputy National Security Adviser Steve Bannon told reporters last week Chicago and its suburbs, including the South Side and Champaign, could be developed as prime locations for the center.\nThe administration says it would preserve two key parts of the U.S. industrial hub but has not set a price for the centers, other than being mostly self-financing.\nTrump took office in January and announced $5 billion in grants for urban renewal and the Amazon and Walmart logistics hub to encourage building in a major U.S. city.\nHowever, shortly after taking office, Trump made his stance clear in his address to Congress and claimed that he would not sell American military bases.\nTo get underway, the Office of the Secretary of State will be named on Monday.\n']

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http://www.reuters.com/article/us-usa-trump-bubble-idUSKBN17Z2AB

http://www.reuters.com/article/us-usa-trump-bubble-idUSKBN17Z2AB

Trump spends more time than predecessors in White House bubble

['Ayesha Rascoe']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump has spent more time in the White House bubble than any other president, reports showed on Thursday, spurring alarm at the Daily Caller, in which the news website frequently critiqued the substance of the man’s policies.\nFILE PHOTO: U.S. President Donald Trump smiles as he returns to the White House after his private plane landed at Andrews Air Force Base, Maryland January 1, 2017. REUTERS/Jason Reed/File Photo\nThat was the conclusions of a White House official and the Monitor magazine published a column Thursday outlining findings from a National Security Council “Crisis Panel” that identified “our deepest regret” for the Trump administration’s slow pace of building strategic infrastructure in response to what they described as “public backlash.”\nThe CSC panel’s analysis found that Trump had been executing his aggressive policy goals during his time in office as chief of staff, chief financial officer and chief of staff – meaning his “moving far to the right as opposed to having the commander in chief to be the boss”.\nThe group compiled a list of “100 of the most noteworthy” problems that the president has faced in his tenure, with some countries accounting for more than half of all incoming presidents with 90 or more seats in the National Security Council.\nWhile human capital remains one of the top priorities for the president, criticism is growing in some quarters that Trump has snubbed the push for legislation that would implement those priorities by law, a violation of several White House policies.\nThe president’s inauguration was a marked contrast to his public struggle to understand the veracity of his policies and to explain the person he had appointed to lead the administration.\nIn an effort to learn more about what was happening with his presidency, the White House recently was dismissed by Trump’s spokesman Sean Spicer after reports of his criticism of Obamacare.\nThe release of the fourth-quarter report from the Office of Management and Budget also prompted a rebuke on Wednesday from the department’s inspector general, suggesting it was biased in favor of Trump.\nThe report concluded that a range of actions by the Trump administration – including allowing trans-national corporations and religious charities to sue the administration over investments they say are in violation of the Fair Housing Act, privatizing a disabled-care center, enforcing worker protections for transgender students, repealing health coverage for religious groups, and purging the Veterans Affairs Department of some millions of unauthorized veterans – did not amount to an adequate description of Trump’s staff.\nSlideshow (2 Images)\nPublicly, however, the Trump administration’s policy priorities were outlined in an agenda document prepared for an annual report to the President in early October.\nAhead of the start of his second term in office, in the first term the White House became aware that the president had decided against assigning senior advisers to preside over strategic policy and preparation, according to the CSC report.\nThat led the White House to conclude that there was no director of strategic planning, and instead of one to manage the pace of a national response, the general budget would be used instead.\nThe report also concluded that U.S. personnel were “a priority” and that “the failure to prioritize staffing and budgeting will enable the administration to remain focused and permanent in the coming months.”\nTrump officially left his job in January when he announced plans to skip a campaign rally in the U.S. state of Wisconsin to travel to Illinois to campaign for his re-election campaign. He still stands to lose roughly $1 billion in campaign funds.\n']

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http://www.reuters.com/article/us-saudi-aramco-ipo-london-exclusive-idUSKBN17Z27B

http://www.reuters.com/article/us-saudi-aramco-ipo-london-exclusive-idUSKBN17Z27B

Exclusive: London tries to lure Saudi Aramco with new listing structure - sources

['Dasha Afanasieva and Michelle Price']

01-01-2021

reuters.com

success_wayback

gen

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['RIYADH/DUBAI, Jan 1 (Reuters) - London is trying to lure Saudi Aramco with a new listing structure that would allow the power behind the world’s biggest ever oil producer to participate in a global oil market more significantly, three sources familiar with the discussions said.\nAramco has filed for a listing on the London Stock Exchange with the boards of Britain’s top oil companies, including London-listed rival BP Plc, the top U.S. oil company, as well as Saudi Aramco.\nExxon Mobil Corp, state-controlled oil company Saudi Aramco and Petropars Bioenergy Holding have already entered discussions with the bourse and are also working together to bring an IPO to Saudi Aramco, one of the sources said.\nSaudi Aramco has revealed a new plan to spin off from British oil major BP in an effort to raise cash, but there are no signs of progress on a Saudi Aramco listing, the sources said. BP is also not working with Aramco, where one of the sources said the potential IPO is part of a divestment plan by the Aramco.\nUK-based Aramco is looking to use a “global business” structure like other energy companies as it seeks to grow in the face of emerging market turmoil that has seen oil prices decline to near lows this year.\nThe Securities and Exchange Commission has mandated that bankers from Deutsche Bank, HSBC and PwC, three of the world’s largest oil companies, work on a listing for Aramco, according to sources familiar with the situation.\nAn IPO is set to debut in May or June 2021 and investors are betting on the bank’s help to get the listing going. The London market is known as the “fragile markets”, meaning investors are unconvinced if there is a bid, said an energy trader who does not want to be named because of the delicate nature of dealing with a major foreign company.\n“There are questions about the likelihood of any major IPO for Aramco,” said a fund manager who is not involved in the talks. “If there’s a bid, there’s no way (saying) Aramco will get any seats on the transaction.”\nAramco’s options include a separate listing on the NYSE, separate markets as well as a sukuk trade. The global listing would also create a new fund to help fund Aramco’s remaining gas-field purchases, a top emerging market trader said.\nThere are also concerns that both Bonn and KME could terminate their ongoing business relationship or make unwise investments in Aramco once the listing goes ahead.\n“It is clear that FPC, BW or KME would not be interested in taking up the opportunity of being a part of an IPO of Aramco,” said a source close to the process.\nThe Saudi government and Aramco are currently considering both the U.S. IPO and the Saudi Sulfurization and Sales Model. (Reporting by Dasha Afanasieva and Michelle Price; Editing by Alison Williams)\n']

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http://www.reuters.com/article/us-toshiba-accounting-westinghouse-cbi-idUSKBN17Z2AF

http://www.reuters.com/article/us-toshiba-accounting-westinghouse-cbi-idUSKBN17Z2AF

Westinghouse, CB&I spar in court over $2 billion merger dispute

['Tom Hals']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON, Jan 1 (Reuters) - U.S. companies cannot secure a better deal if they have been asked to pay more than $2 billion for their European joint venture, a federal judge in San Francisco said on Tuesday, as the Federal Communications Commission and Westinghouse Oil and Gas fell sharply in a settlement between their legal teams.\nLawyers for Westinghouse and CB&I would likely end up paying $1.67 billion more in legal fees for the Feb. 10 meeting on the question of whether bids submitted by the companies should be granted, according to lawyer Michael Cooper, who represented Westinghouse and CB&I.\nAs part of the deal, CB&I was offering $4.5 billion in debt. Westinghouse officials accepted the refinancing. The agreement called for a total of $2.25 billion in cash and $1.2 billion in issuance of short-term debt - which the Commission determined would amount to less than 5 percent of the Company’s capital.\nWestinghouse said that the consolidation agreement with Westinghouse would be of equal weight to its joint venture with the Italian oil company Sinopec. Westinghouse, an affiliate of Berkshire Hathaway Inc, is now with more than 8 percent of the combined business, according to a statement.\nBrooklyn-based Westinghouse, which employed about 12,000 people, said it completed its acquisition of Lyon-based utilities and was pleased with the outcome.\nThe courts in several countries, including Germany, Switzerland and Austria, have rejected a merger agreement with Westinghouse, and a Dec. 20 ruling by U.S. District Judge Henry E. Hudson in Los Angeles detailed a Justice Department legal claim that Westinghouse and CB&I “collectively present and attempt to meet an unprecedented range of challenges” to the license conditions on which Westinghouse and CB&I were set to enter into the deal.\n“Consequently, our share of the damages awarded to Westinghouse and Westinghouse would greatly exceed their statutory liabilities,” Westinghouse said in a statement. “They would be in default on our debt payments and in violation of the terms of our bank loan guarantee.”\nThere was no immediate response to a request for comment from attorneys representing Westinghouse and Westinghouse Oil and Gas.\nThe lawsuit would presumably determine whether Westinghouse and CB&I cannot make a record payment to their companies.\nIf bids for the joint venture do not meet the deal’s requirements, regulators have an easier time finding rivals.\n“What’s critical is that the bid cannot get significantly ahead of other bidders,” said Cooper, who represented Westinghouse in litigation against competing companies such as French utility EDF Energy.\nBrooklyn-based Westinghouse also had sought an earlier settlement under which the Commission, however, wrote that private equity firms got a negotiating seat and permitted Westinghouse to contribute their efforts.\nBidders accepted the bid, the first step to the licensing process, and ordered Westinghouse to pay. Under the deal, Westinghouse agreed to pay about $1.5 billion in interest for each of the 75 license conditions it entered into with the combined companies. (Reporting by Tom Hals and Ben Klayman in Washington; Editing by James Dalgleish and Richard Chang)\n']

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http://www.reuters.com/article/us-usa-healthcare-idUSKBN18014F

http://www.reuters.com/article/us-usa-healthcare-idUSKBN18014F

House Republicans repeal Obamacare, hurdles await in U.S. Senate

['Yasmeen Abutaleb and David Morgan']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Republicans hoped on Tuesday to swiftly win votes to repeal Obamacare, but procedural hurdles will limit their ability to tie debate on a narrower part of the 2017 bill to the Senate’s expected vote on Wednesday.\nMembers of the U.S. House of Representatives on Monday agreed to repeal Obamacare after months of marathon talks and Republican leaders were less optimistic about a breakthrough.\nBut President Donald Trump ordered the repeal of Obamacare on Monday, demanding that any new approach be swift and that Republicans immediately refer the legislation to the Senate for the next vote on Feb. 14.\nAfter he resumed the airy maneuvering and threats of force, Republicans on the House Financial Services Committee on Tuesday approved a plan that calls for repeal of Obamacare’s “individual mandate” penalty, a move opposed by Democrats and but likely to produce partisan support.\nDemocratic Representative Elijah Cummings of Maryland said a Republican bill would not “break the norms” of the United States, which includes prohibiting abortion in cases of rape or incest, or requiring a woman to have an abortion.\n“These are constitutional safeguards that have been stripped away,” Cummings said.\nThe repeal-only legislation has not yet been debated. Conservatives on the committee are expected to weigh in Thursday.\nOpponents include some of the biggest medical and insurance companies that have contributed financially to Trump’s political campaign.\nThe Republicans argue that losing the individual mandate provision would encourage millions of people to sign up for the marketplaces under Trump’s health care law, which often requires people to pay a penalty, like the penalty on pre-existing conditions.\nFor now, their repeal bill lacks a robust set of provisions that would make major changes in existing federal programs - including the funding of Planned Parenthood and the Federal Emergency Management Agency - that much harder to achieve.\nThe business interests that have opposed the ACA legislation have argued that Trump did not appoint a replacement and he lacks the authority to temporarily halt the money.\nRepublicans also argued that non-Obamacare-compliant Trump administration programs such as combating joblessness and preparing small businesses for the possible loss of vital taxes in the tax code - on concerns that the ACA would hurt small businesses and citizens - are also in areas that could be problematic.\n']

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http://www.reuters.com/article/us-usa-healthcare-trump-idUSKBN1802T6

http://www.reuters.com/article/us-usa-healthcare-trump-idUSKBN1802T6

Softening his approach, Trump helps seal a healthcare deal

['Steve Holland and Richard Cowan']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - U.S. President Donald Trump’s March 3 deadline for him to reach a healthcare deal quickly is almost over, but talks with industry leaders over a new system for covering the poor and sick are still progressing, his advisers said on Friday.\nTrump has vowed to reach a deal in the coming weeks, even as he signaled on Thursday he may struggle to find a compromise between Republicans and Democrats on a repeal of a law that bars most health insurance from covering some people because they cannot afford it.\nTrump has been under pressure to make a concession and win a compromise with congressional Republicans to appease his critics.\nIn a speech on Friday at the American Enterprise Institute, Trump said the Trump administration would be able to negotiate a plan with Republicans to give the poor access to health insurance but keep things "on track." He urged Democrats to support an open-ended health law.\nThe setback for Trump has prompted the latest round of intense negotiations about healthcare with industry and his Republican legislative allies.\nMatt Miller, a senior Republican House of Representatives Republican member, said on the National Association of Manufacturers website that the team exploring new work-and-purchase arrangements would include “as many as nine different vendors.”\n“We will be working vigorously to help ensure that no more poor people lose healthcare, especially in the North, where hospitals often serve underinsured but patients are poorly covered,” Miller said.\nThe day before, the two sides appeared to be close to a deal when the heads of American Medical Association, the largest group representing hospitals, and the Council on American-Islamic Relations met in private to discuss the healthcare trade talks.\nThe AMA and CAIR will meet the next two days, followed by a public hearing, to discuss ways to reach a compromise, AMA President Karen Ignagni said at a press conference on Thursday.\nThe ACA, which was signed into law in 2006, created a patchwork of health insurance and business plans to make it more affordable and widely available for the poor.\nThe Trump administration has not included for several weeks the provision in its healthcare law that allowed insurers to charge poor people more money and allow them to shut out millions of Americans as they tried to fill a job.\n']

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http://www.reuters.com/article/us-usa-trump-new-york-idUSKBN18013H

http://www.reuters.com/article/us-usa-trump-new-york-idUSKBN18013H

New York protesters greet Trump on first visit home

['Laila Kearney']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['New York City Mayor Bill de Blasio waves as he attends a rally in front of the U.S. and Canadian embassies during the first period of the 2019 session of the U.S. Congress in Washington, DC, U.S., January 1, 2019. REUTERS/Kevin Lamarque\nWASHINGTON (Reuters) - Under constant media hype, the chief U.S. negotiator for nuclear security was coming to New York City on a business trip later this week to visit staff and analysts at the nation’s most powerful body.\nIn his first visit to a major city since the 2016 U.S. election, Trump is expected to meet a visit commissioner to the city at the height of the public polarizing presidential campaign.\nHe will also visit Congressman Jared Polis, who is an active U.S. fellow at the Council on Foreign Relations, whose free trade proposals came under fire during his run for Congress and who is set to succeed David Friedman as ambassador to the United Nations.\nA caller to a TV news show hosted by Polis asked him about President-elect Donald Trump’s tweets last week saying the U.S. government had been preparing for “an escalation of escalating rhetoric,” which Trump said was the result of “non-stop media.”\nEarlier in the week, during a speech at the Council on Foreign Relations, Polis criticized the council, saying it had the wrong side of history.\n“There is still time for the other side to play politics,” he said. “So long as the facts do not yield to push, the costs of public engagement, and public deliberation are never high enough.”\nDe Blasio’s first official trip to the United States, given a more challenging economic environment, comes a day after the city’s comptroller, Vincent Gray, said the city had already spent about $500 million to upgrade bridges and tunnels, but $8 billion remains to be spent.\nBefore leaving, he will join Dennis Rivera, the city’s chief operating officer, as secretary of state for transportation and the chief of the Department of Energy, where he will work on the program to save the city $250 million annually.\nRally Commissioner Stephanie Miner also will visit the Trump International Hotel in downtown Manhattan in an appearance she said would be the last of its kind.\nHe was scheduled to present a letter Thursday to the administration promising “a small community of universal health care,” while also holding a dinner on Friday to celebrate the 20th anniversary of Hudson Yards, the retail expansion project jointly developed by Related Cos and Peet’s Coffee.\n']

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http://www.reuters.com/article/us-usa-banks-doddfrank-idUSKBN18029N

http://www.reuters.com/article/us-usa-banks-doddfrank-idUSKBN18029N

House banking panel passes bill to undo U.S. financial crisis rules

['Pete Schroeder']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - The House of Representatives on Tuesday unanimously passed a bill to end the government’s oversight of the financial markets and put the banking sector back on track, an historic victory for Democrats and a sign it can avoid more government intervention.\nHighlighting the critical business stakes of overcoming protectionism and preserving the stability of the global economy, a vote is expected on Wednesday after Wednesday’s deadline.\nThe tax-free extension is one of several moves Congress has taken to raise the standard deduction this session to end two years of Democratic opposition to the Obama administration’s healthcare law and to curb demand for the nation’s debt.\nThe legislation, which passed the House in a 52-47 vote, is the culmination of a months-long political struggle between Democrats and Republicans that have turned most of the legislative process on its head.\nWhile the House of Representatives may be unlikely to sign off on House measures before this year, breaking tradition by voting no at all is a sure sign Republicans won’t.\nThe new version, which is now being sent to President Donald Trump’s desk, will cut budget cuts by $1.6 trillion from the budget over 10 years, and cover its 2018 start date of Jan. 1, 2021. It also preserves Bush-era tax cuts for people making more than $400,000 a year and small businesses making less than $250,000.\nThe Senate approved a sweeping version of the bill on Tuesday.\n“I’m pretty glad about what has been accomplished,” Democratic Representative Jerrold Nadler said after the Senate vote.\nThe tax legislation has brought Democrats almost $20 billion in savings over the last two years, along with a boost for those struggling to pay for an Obamacare tax cut.\nThe bill aims to lower income and business taxes and force businesses to pass on higher costs to their employees.\nThe House vote, which was far more bipartisan than expected and was carried along party lines, added pressure on conservatives who have recently expressed frustration with the current administration.\nOn Tuesday, a group of other Democrats sent a letter to lawmakers saying they support the legislation that they said would get more business done for Americans rather than leaving the financial system clean and failing small businesses alone.\nAt issue is the impact of the Dodd-Frank financial reforms, which ended a financial crisis during the 2008 financial crisis.\nThe administration said on Tuesday that the bank reforms had diminished the role of large banks and allowed them to get bigger. But those financial reforms left much of the blame for the crisis centered on Reg FD, the law that created the law in 2004.\nThe new House bill gives Congress more oversight, investing in financial regulators who are more central in oversight decisions, in the private sector and in government.\nOther efforts to resolve the crisis have drawn criticism, including Hillary Clinton’s launch of the Access To Government Oversight Act. It seeks to halt the flow of funds to corporate boards of directors and to compel companies to hand over information, including tax returns and federal tax returns.\nAfter a Democratic push to pass a bill that blocked further “clawback” provisions of the Dodd-Frank law, one committee voted to cancel the request for a vote to authorize the vote.\nBut Republican Representative Steve King rejected the view that Washington needed to spend more money to prevent future crises.\n“Having created a bailout culture and created a toxic environment for high risk lending and investment, if we are not going to create sustainable future we need to create systemic reforms that run in parallel with more systemic reforms and reforms that create permanent changes in the overall financial system,” King told the house.\n(This version of the story corrects number of vote taken after the conference report about cooperation.)\n']

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http://www.reuters.com/article/us-uber-tech-crime-exclusive-idUSKBN1802U1

http://www.reuters.com/article/us-uber-tech-crime-exclusive-idUSKBN1802U1

Exclusive: Uber faces criminal probe over software used to evade authorities

['Dan Levine and Joseph Menn']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["WASHINGTON (Reuters) - The U.S. Justice Department is launching criminal investigations into Uber Technologies Inc over a software program that was used to secretly record and collude with law enforcement officials, a person familiar with the probe said on Tuesday.\nUber's New York headquarters is pictured in New York, U.S., October 12, 2017. REUTERS/Brendan McDermid\nUber and four of its managers were found by police after a U.S. Attorney’s Office in New York said in a scathing report that the program allowed U.S. law enforcement officials to directly use software, in violation of federal laws.\nThe Justice Department's contract with the Manhattan office - a major U.S. law enforcement agency - “is understood to have become overburdened,” according to an Aug. 4, 2017, document that has been sent to the U.S. attorney’s office in Brooklyn.\n“In addition to the fact that Uber’s network, whether in New York or elsewhere, was constantly monitored, multiple aspects of the program could be decrypted,” the document said.\nFILE PHOTO: A police officer stands outside of Uber headquarters. REUTERS/Brendan McDermid/File Photo\nEarlier in the month, a day after U.S. prosecutors revealed their investigation was launched, Uber and its chief executive, Travis Kalanick, were embroiled in an online showdown over Uber.\nIn late August, Kalanick stood down as chief executive, alongside industry leaders, amid the investigation. Within weeks, Uber had pushed for a dismissal, saying the data it gathered from the 12 employees at its Manhattan headquarters is evidence of commercial wrongdoing.\nBut last month, U.S. prosecutors indicted three Uber executives, including the chief architect of the program, Kalanick.\nLawyers for Kalanick did not immediately respond to requests for comment.\n"]

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http://www.reuters.com/article/us-sanbernardino-attack-lawsuit-idUSKBN1802SL

http://www.reuters.com/article/us-sanbernardino-attack-lawsuit-idUSKBN1802SL

Families of San Bernardino shooting sue Facebook, Google, Twitter

['Dan Whitcomb']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["SAN DIEGO (Reuters) - Parents of victims of a 2015 San Bernardino shooting filed a lawsuit on Tuesday against Facebook Inc, Google Inc and Twitter Inc, accusing the companies of misconduct and hindering victims’ rights.\nA suspect poses at a waiting area at the San Bernardino, California, Sheriff's Station in a file photo. REUTERS/Mario Anzuoni\nPlaintiffs in the lawsuits are Charlesa Clark, Maya Hughes, Deborah LaChance, Greg Trevino, Daniel Lilgar, Jeremiah DeJesus, Sharon Trevino, Eric DeJesus, Marc Moore, John DeRogatis, Daniel Guillen, Alicia Calvino, Jennifer Coronado, Margaret Rose DeJesus, Tyler DeJesus, Aaron Meyers, Christian Lejan, Christian Rizzizzo, Jorge Levan, Christopher Stewart Jones, Lisa Petty and Dennis Delfino.\nSessions Jackson-Scales and Devosky related the lawsuits in a separate case against Facebook, Google and Twitter.\nThe San Bernardino killings, the deadliest mass shooting in U.S. history, killed 14 people and wounded 14 others. Similar attacks in 2017 happened in Los Angeles and Orlando.\n“Here in San Diego, the doctors, nurses, and second responders from 10 different agencies stand together to offer the ultimate sacrifice to protect the community that is in San Bernardino County and its citizens,” Suffolk County Attorney General Xavier Becerra said in a statement.\nCalifornia has received a record $35.8 million in public money since July, a record number for the state.\nSan Bernardino International Airport was shut down earlier this month after it became clear gunfire from four people and more than 30 others was not observed at the airport. The airport reopened on Oct. 6, but had been shut down for more than a week before it reopened.\nSan Bernardino County Sheriff Tom Bosenko said in a statement that because some of the victims were mentally ill, the county was unable to continue to provide essential services. The airport can expect to have to reassess its operations in March.\n“Due to public safety concerns, we are unable to make any scheduled operations at the airport,” Bosenko said.\nThe Los Angeles County Sheriff’s Department was still conducting a preliminary investigation on Tuesday morning, Deputy Chief Mike Lawrence said.\nFacebook and Google are not named in the lawsuits.\nTrump administration deputy counsel Dana Boente said on Monday that she was never notified about the allegations against Trump’s companies. The lawyer representing those companies later withdrew the complaints as soon as the Obama administration said it would not comment about the proposed lawsuits.\nOmar Ozzie, executive director of ProtectCalifornia, said in a statement that previous lawsuits against tech companies were triggered by “their inflexibility,” but “this case is about building empathy for each other.”\n"]

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http://www.reuters.com/article/us-france-election-idUSKBN18014H

http://www.reuters.com/article/us-france-election-idUSKBN18014H

Macron stretches lead in last throes of French presidential campaign

['Mathieu Rosemain and Andrew Callus']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["PARIS (Reuters) - French President Emmanuel Macron delivered the lowest groundswell of negative opinion polls this election cycle, sidelining outgoing Socialist Francois Hollande in his quest to win the second round in April’s first round.\nFILE PHOTO: French President Emmanuel Macron addresses the Austrian People's Party (OVP) meeting in Vienna, Austria, September 26, 2017. REUTERS/Leonhard Foeger/File Photo\nMacron was enthused by his perception that the nation’s problems could be resolved as French voters, scared by political turbulence, started pouring in in late October. “I don’t think we’ll have a return to peril, but I do think that we are approaching a good time.”\nBut on Thursday, when pollsters said France had slipped down the rankings, Macron appeared reluctant to outright concede victory. “We think we have to wait, we’re just getting it,” he said.\nSunday’s election would be the third test of a divided electorate, while Europe and economic recovery in France have been battered by the global debt crisis and high unemployment.\nThe survey by Bertelsmann AG’s ECZOEME and Analysys International poll by CEW showed the presidency had not yet lost a quarter of the support it attracted in the first round of polls and Macron now had a margin of error of at least 20 percentage points.\nMacron’s support had reached a 21-point lead over Hollande, who had appeared to clinch a comeback bid for the French presidency, when presidential candidates Gabrielle Tintori and Marine Le Pen were barred from entering the race, only to be rebuffed.\nIn the presidential run-off last year, Macron lost the first round to Hollande. He missed his chance to capture a third victory when his Socialist allies, backed by France’s deeply conservative Christian Democrats, accused him of being a reincarnation of Hitler.\nThis time around, though, he appeared ready to move ahead with the campaign. Some expect him to win decisively and close out his presidential term at some point, and however hefty a margin of error, he may struggle to find a coalition with reform-minded Socialists and anti-establishment candidates at the expense of the right-wing National Front and the anti-immigrant Party of Freedom.\nTAXED\nIf the right and the left do not split the left in favour of Macron, the pollsters are still to decide if a small group of undecided voters in Paris will choose a new leader.\nThe polls of the 35-year-old French hopeful, however, appear to signal a new moon for Macron.\nAll three of France’s last prime ministers have failed to secure a major parliamentary majority, a record for such polls.\nHe said he would abide by France’s “status quo” of successive governments, but added: “If you look back over recent decades, in part, we’ve had new difficult decisions that have put us behind the curve.”\nIn the last three weeks, he has proposed the abolition of railway taxes and tried to turn around France’s flagging economy by promising to scrap a state budget that paid over 70 percent of public spending.\n"]

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http://www.reuters.com/article/us-fox-lawsuit-idUSKBN1802OX

http://www.reuters.com/article/us-fox-lawsuit-idUSKBN1802OX

Reporter says Fox News fired her for using harassment hotline

['Daniel Wiessner']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: A Fox News news anchor Gretchen Carlson attends her interview with U.S. Attorney General Jeff Sessions at the White House in Washington, U.S., October 10, 2017. REUTERS/Yuri Gripas/File Photo\n(Reuters) - Fox News host Gretchen Carlson, the second woman to speak out about allegations of sexual harassment against Fox News co-host Jeff Bezos, is still under fire over the company’s use of a human resources hotline for employees investigating workplace misconduct.\nCarlson told a Washington Post reporter that she used the hotline as a confidential manager during a visit by a Fox News attorney, which ultimately happened.\n“I made the decision to use my defense when it came to that question because I was already fired,” Carlson told the Washington Post.\nShe said she used the phone number for the hotline but was told later the company did not give her use a phone number and she never signed up for another service.\nShe’s in the middle of an unsuccessful three-year lawsuit with Bezos over the allegations of sexual harassment against him.\nCarlson made headlines earlier this month after she announced on Facebook that she had filed a lawsuit against the Bezos family on Friday.\nShe has since dismissed all claims against the Washington Post.\n']

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http://www.reuters.com/article/us-venezuela-politics-idUSKBN1801OI?il=0

http://www.reuters.com/article/us-venezuela-politics-idUSKBN1801OI?il=0

Venezuela protests rage, jailed Lopez supporters stage vigil

['Alexandra Ulmer and Diego Oré']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['CARACAS (Reuters) - Venezuelan security forces roughed up thousands of supporters of jailed opposition leader Amed Rosales as they tried to block the headquarters of the U.S.-backed Comandante de Bolivar.\nThirty-nine Venezuelans, including Lopez supporters and a woman whom Rosales initially had denied had committed a crime, were arrested by police while being led away by their comrades. Lopez loyalists who had infiltrated state armed forces appeared to run away as they tried to rush back to the neighborhood of Boca Baray, where they joined in a desperate vigil.\n“Get out of this house now,” chanted two dozen of those arrested who took part in the violent protest, police said.\nJust hours before Rosales took to the streets, Venezuela’s Vice President, Luisa Ortega, called the attack “an act of terrorism” and demanded a halt to Chavez’s re-election.\nThe protest marked the second mass protest against the fiery leader since he joined leftist President Nicolas Maduro in December, after Maduro’s predecessor Henrique Capriles was arrested at the end of October.\nPredictably, demonstrators allied with the supreme leader’s main foes often have resorted to violence. This time the confrontation was far smaller and different.\nSlideshow (3 Images)\nIn the early hours of Sunday, a heavily-armed group of youths and armed citizens surrounded a car belonging to Rosales and drove it past security forces in what police described as a crime scene.\nRosales has been the most prominent of many pro-Chavez foes since Venezuela’s opposition and its supporters set up “Unity of Forces” to oust Maduro from power.\nThe incident triggered outrage in Venezuela’s polarized oil-producing territory, where opposition leaders worry that the United States, a major U.S. oil supplier, will decide who is to blame if the ruling socialists win power.\nThe opposition and its allies have accused Maduro of fuelling fuel inflation by actively suppressing elections he claims are legitimate.\nThe opposition has spent much of the past year defying Venezuela’s anti-coup government by pushing for an early presidential election, a move Rosales has rejected.\nThe protests also fueled instability in Venezuela by their extensive human rights record and by their widespread use of oil-by-rail that provides essential fuel for a rapidly aging population.\nActivists say Rosales has repressed his followers by using a banned or ill-conceived form of torture and imprisonment.\nThe movement has lost some of its focus since the government turned its attention to the president’s courts to prove allegations of fraud, including a cap-and-trade scheme which has resulted in many of Venezuela’s billions of dollars in unpaid revenue.\nThe charges that have been leveled against Rosales are reminiscent of the way Chavez and his predecessor, Hugo Chavez, used torture to win their support.\n']

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http://www.reuters.com/article/us-johnson-johnson-cancer-lawsuit-idUSKBN18100F?il=0

http://www.reuters.com/article/us-johnson-johnson-cancer-lawsuit-idUSKBN18100F?il=0

J&J ordered to pay $110 million in U.S. talc-powder trial

['Nate Raymond']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - A U.S. judge on Thursday ordered J&J Co Ltd’s Rosenblatt unit to pay $110 million in damages to a group of plaintiffs who accused the world’s largest drugmaker of using talc powder to cut their tongues and children’s teeth.\nThe case underscores legal differences over that use of talc in child molesters, and while J&J has acknowledged talc is used in some cases as well as elsewhere, there have been no overwhelming reports of widespread problems.\nIn her decision, U.S. District Judge Daniel Hurley in San Diego said a toxicology report showed extensive body cavity damage to those in the group of plaintiffs named in the case. He said the human tongue and mouth layer of the plaintiffs’ tongues was about a half-inch thick, making it difficult to distinguish between the two pairs.\nJ&J already had paid $22 million to the plaintiffs, but was expected to pay a portion of the new $110 million, plus a non-cash goodwill charge of $53 million. The amount is subject to change as the case progresses.\nJ&J said the judge’s decision was unanimous and that “all evidence showed no safety issues.”\nJ&J did not provide further comment.\nThe case is In re: J&J Corp. v. Telwer, U.S. District Court, Southern District of California, No. 14-cv-cv-2216.\n']

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http://www.reuters.com/article/us-archerdaniels-europe-business-idUSKBN1802B2?il=0

http://www.reuters.com/article/us-archerdaniels-europe-business-idUSKBN1802B2?il=0

Agribusiness ADM to expand in Europe amid global shake up: company

['Jonathan Saul and Michael Hogan']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LONDON/BRUSSELS (Reuters) - Agribusiness ADM (ADM.N) is likely to expand in Europe in the next six months after sealing the largest acquisition ever in terms of size and valuation, a senior executive told Reuters on Thursday.\nThe European Association of Deere and Co (EE) is holding an investor summit in London on Friday to discuss the world’s biggest agricultural contract exporter.\nFollowing a price war that affected suppliers’ share prices and hit food producers across Europe, Chinese agrochemicals giant Dalian Commodities (600028.SS) is considering an acquisition to strengthen its services business in the region.\nOther major agricultural players in the sector, such as Bunge, Monsanto (MON.N) and Bayer (BAYGn.DE), are thought to be also looking at putting in more resources to compete with ADM, according to a source familiar with the matter.\nADM’s chief executive, Michael Sullivan, said he was expecting “substantial” growth in the next six months.\n“The European market has a long way to go ... but we have the momentum to be here in the longer term,” Sullivan said in an interview in London.\nADM, which has assets of over $700 billion in revenue, said on Wednesday it had increased its stake in dairy processor AgriGram Holdings by 5 percent.\nSullivan said the size of Agribusiness’ investment was one of the factors that encouraged the buyout, but he did not provide more details about the size.\nReuters reported in July that ADM was selling to buy as many as 30 percent of the Austrian-based group.\nADM has been an aggressive buyer of Europe’s largest listed agriculturist, but other European, mostly privately-held players are believed to be watching it closely and are now more likely to make a play for its assets.\nADM’s half-year earnings fell 4 percent on Wednesday as dairy producers and agrochemicals customers hiked their prices for premium finished cheese and meat, sending food prices to three-month highs.\nAbe Orly, head of investments at pharmaceutical giant Pfizer (PFE.N), said a brand new facility in Kyowa Hakko Kirin [OKHI.UL] in Japan, a 25 percent stake in ADM and a big share buyout from a U.S. company, should also help help boost revenue this year.\nADM beat earnings forecasts in the latest quarter, but was dragged down by declining sales in the United States. Its shares fell 1.2 percent to 262.80 pence by 0855 GMT.\nADM’s shares have lost 2.7 percent since the start of the year while the price of ADM’s industrial products, including a coatings value of $10.2 billion and a product and service platform for the train industry, has fallen more than 30 percent since the start of the year.\nU.S. soybean seed company Albemarle Corp (ALB.N) posted a 31 percent fall in fourth-quarter sales as it cut research and development spending in Europe.\nADM said it would not estimate the industry size or size of the Agribusiness-owned Deere and its related speciality products division, which AgriGram bought for around $7.6 billion last year.\nAgriGram shares have fallen 4.4 percent in 2017, compared with a loss of 1.7 percent for ADM, the bulk of which is ADM’s biggest single-country contract.\n']

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http://www.reuters.com/article/us-saudi-usa-idUSKBN1802RQ?il=0

http://www.reuters.com/article/us-saudi-usa-idUSKBN1802RQ?il=0

Saudi Arabia says Trump visit to enhance cooperation in fighting extremism

['Yara Bayoumy']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['JEDDAH (Reuters) - Saudi Arabia, its allies and Russia should both step up security cooperation in the fight against extremism and economic recovery, Deputy Crown Prince Salman told Reuters on Saturday.\nThe 43-year-old crown prince, who was Saudi Arabia’s permanent representative to the United Nations from September until his inauguration last month, said Saudi Arabia’s foreign and security cooperation was strengthened during his visit to the United States.\n“It’s stronger than ever,” Salman said at a meeting with special ambassadors at the King Salman Center in Riyadh, where the crown prince met with several other officials.\n“The current explosion of terrorism and extremism across the Middle East and Europe poses a unique challenge to our society.”\nSaudi Arabia has been raising terrorism alert levels at a rate of 30 since last year and the United States is also monitoring a radical Islamic cleric in Iran.\nSalman acknowledged that sometimes extremism was putting people at risk in and around the kingdom and said Qatar, which has been on the back foot in the Arab Spring uprisings, should step up counterterrorism cooperation in the fight against the Islamic State in Iraq and Syria.\n“We share the protection and support that we see in countries and countries around the world. This is a shared responsibility and has always been there for us. To have a strong, united and democratic state in the region is the best way to preserve that quality of security,” he said.\nA complex, decades-old cultural exchange system has never before applied to Saudi Arabia, but this illustrates the delicate nature of Mideast security as countries fight against each other.\nWhile the Saudi-Qatari diplomatic cooperation has been invaluable since the Arab Spring, there has been no concrete understanding of one another’s regional nature or economic interests since Iran’s 1979 Islamic revolution.\nAbu Qatada, who was deported from England to Turkey last year, is due to go on trial on Sept. 9 on terror charges that have not been laid but may or may not still be discussed in Saudi Arabia.\nOn Thursday, King Salman unveiled a new policy which he said was based on more assertive Gulf Arab states making material concessions in counter-terrorism and cybersecurity.\nSalman praised the previous crown prince, Crown Prince Muhammad bin Salman, for defending reforms in the past and said Qatar and other Gulf States were crucial to providing certainty for the region.\n“We have been able to gain stability in many places and avoid some problems between us,” he said.\n']

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http://www.reuters.com/article/us-adb-asia-trilateral-idUSKBN1802V2?il=0

http://www.reuters.com/article/us-adb-asia-trilateral-idUSKBN1802V2?il=0

China finance minister skips summit with Japan, Korea to attend emergency meeting

['Leika Kihara and Stanley White']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['HONG KONG (Reuters) - China\'s finance minister will skip a joint meeting of the U.S. Federal Reserve and Japanese central banks later this week to attend an emergency summit with world leaders on the eve of the annual meeting of Asian finance ministers.\nChina\'s finance minister Tian Weiguizen will meet the leaders of the major international industrial nations, including the United States, on the sidelines of the meeting of the Financial Stability Board, said a statement by the Shanghai Trade Association (SCATA) dated Wednesday.\nTian Weiguizen, 59, has denied his government pressured the central bank to intervene in the financial system in 2008-09, after the collapse of Lehman Brothers. Beijing has spent more than $1 trillion in emergency loans since 2008-09.\nChina\'s finance minister said earlier this month it was important for the G20 nations to follow its lead on global restructuring to curb the debt, but only if that had results.\nThe summit was being held at the G20 regional headquarters in Turkey when the Shanghai trade association objected to having Tian Weiguizen, a rising star in China\'s conservative party, arrive, the association said.\nThe statement called Tian Weiguizen\'s visit a "major embarrassment", as "his apparent attendance at the event has the potential to provoke a dangerous confrontation with world financial markets that could lead to greater pressure to join the G20 community, future crises, and a shift toward the United States."\nTian Weiguizen, who is also responsible for leading a joint task force on emerging economic problems, has said the G20 should be "more assertive about tackling our problems."\nThe G20 nations last week agreed to revamp the International Monetary Fund as part of efforts to resolve the world\'s worst debt crisis. The IMF is discussing ways to provide funding, including an increase in its contribution in 2030.\nThe G20 statement on financial crises should not be used as a basis for U.S. Treasury and financial regulators to take action, according to China\'s Finance Ministry.\nThe finance ministry said the meeting would include working groups on communiques about "foreign policies," including the need to end the "cycle of international conflicts that create painful resentment in the global financial markets," and "containing common challenges ... including issues that are part of a common global agenda."\nOther G20 leaders are scheduled to meet with their Chinese counterparts at the end of Friday. (Reporting by Leika Kihara; Additional reporting by Michael Martina in Washington; Editing by Kim Coghill)\n']

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http://www.reuters.com/article/us-facebook-revenue-idUSKBN1802U7?il=0

http://www.reuters.com/article/us-facebook-revenue-idUSKBN1802U7?il=0

Facebook nears ad-only business model as game revenue falls

['David Ingram']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - Facebook Inc, one of the biggest internet players in a seemingly unstoppable Internet expansion drive, said on Thursday that it was close to rolling out a two-tiered business model to let users buy items like travel around the world.\nFacebook works with networks to promote products to Facebook users\nThe move by Facebook also gives it a new group of users that can join its giant social network to share a request for items. Those members can send merchandise they want, interact with each other and walk away with the items within minutes.\nSocial media companies like Facebook and Twitter Inc, which have moved into the lucrative space of online advertising, have increasingly relied on Facebook in recent years as the company’s global mobile footprint has ballooned.\n“Facebook is continuing to build the brand to serve all areas of life and deliver the benefits of that service without diluting that impact,” Chief Executive Mark Zuckerberg said in a statement.\nBut the company also signaled a shift toward more off-platform use for products, the idea that it could be a distribution channel for things like travel and robots that Facebook wants users to do.\nAnalysts have said mobile will be increasingly important to Facebook’s advertising profits, alongside use of Facebook’s mobile app in Internet ads, in Internet chat services such as Facebook.\nHowever, the company said on Thursday that consumers have given it more freedom to buy items, with the rollout of mobile ads starting in the first quarter of this year.\nThe strategy has been inspired by an older trend of giving users a sense of control over Facebook, which has no direct revenue sharing with advertisers. Users that are plugged into the site generally want to stay there on their phones, rather than access to the built-in social network.\nBut Facebook did not give a specific plan for how the revenue is generated. Companies that build heavy-end products or innovative products with cut-price sales may end up taking a smaller cut of the sales from new users, but getting a higher share of the overall social network advertising business can be a very complicated process, some analysts say.\nThe social network said on Thursday that it had priced a round-trip ticket to select destinations in Europe and South America for both weeks, totaling $43,775. The price tag was $8,051 for those visiting a destination including the United States.\n']

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http://www.reuters.com/article/us-ual-passenger-idUSKBN18013N?il=0

http://www.reuters.com/article/us-ual-passenger-idUSKBN18013N?il=0

Airlines ’self-inflicted’ woes under glare at U.S. Senate hearing

['David Shepardson and Alana Wise']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - A fierce flight union leading the push for a regulatory overhaul of the airline industry and the need for a stronger compensation system are each worrying about sinking into a settled decision that is important for patient ones.\nFILE PHOTO: International Air Transport Association (IATA) Secretary General Tony Jordan speaks during a news conference at the Travel Alliance's annual Congress in New York, U.S., March 1, 2017. REUTERS/Brendan McDermid/File Photo\nAirlines have struggled for years to reform an industry they see as underperforming and too expensive for the domestic market.\nThe so-called “flight birthrate” segment of the industry, straddling the lines of the low-cost Middle East and the low-emissions market, was excluded from the certification required by U.S. airlines.\nThe airlines are now allowed to franchise a group of major carriers they market for domestic and international flights. Boeing Co’s (BA.N) successful 777X jetliner, which is used to fly the most demand international routes, has come under fire.\nDwyane Clark, chairman of the Air Transport Association’s congressional delegation, said as many as three-quarters of the 35,000 flights the union is scheduled to fly each year for the next 10 years would be affected by the law’s requirement for “self-inflicted” and “self-harm” deaths.\n“It’s a big industry and that’s what these hearings are about,” Clark said. “How do you honestly want to address that?”\n“The [2004] Enron scandal and the rise of drones” have undermined the plan to reform the industry, Clark said.\nBut the House of Representatives voted in November in favor of a proposal that would give the president’s administration authority to try to improve safety but he did not include the measure on which it was considered by Congress.\nRepresentative Harold Simmons, a former industry commissioner who is chairman of the Air Transport Association’s congressional delegation, said he hoped to see the upper chamber adopt the measure, which is not expected to pass, to lower airline safety standards.\nA spokeswoman for the House Committee on Transportation and Infrastructure told Reuters, however, that most airlines plan to continue flying and welcome the proposal.\nSTRATEGY MATTERS\nThe aviation industry faces pressure to reform, even though they also are in a more competitive position to expand to new markets like Asia and Africa and to set up hubs where the industry can compete.\nThe nation’s airlines are still making more than 20 percent profit and about $29 billion in revenue a year and are among the biggest global suppliers of airline passenger and cargo flight capacity.\nYet fares have plummeted to levels not seen since the peak of the Great Recession in 2008, and without additional airline capacity, aircraft carriers will have been delayed by years and decades and there will be insufficient capacity for long-term maintenance.\nLast year, flights to and from Florida ports were delayed by an average of about 2.5 hours to allow them to run longer routes from nearby airports.\n“I think the industry is raring to go. It wants a little help,” Clark said. “It’s trying to out-bid other companies.”\nThe Air Transport Association represents 30,000 airlines that make at least 90 percent of flights. The union is seeking to cut its worker representation to 30 percent from 37 percent, and members are urging airlines to pay more for more flight time.\nBut the union is threatening to carry out such a plan in a bid to slow down the timetable of needed reforms.\nClark said the airline industry had been working to reform the model for many years, and the industry has “added important new things to the game” in the coming years.\n“We are going to be looking at many years of load factors, passenger numbers and schedules, which reflect the future.”\n"]

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http://www.reuters.com/article/us-usa-healthcare-companies-idUSKBN1802UB?il=0

http://www.reuters.com/article/us-usa-healthcare-companies-idUSKBN1802UB?il=0

Health insurers focused on 2018 unknowns for Obamacare market

['Caroline Humer']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["NEW YORK (Reuters) - Health insurers and large employers want to lock in higher premiums in 2018 by taking some of the 2018 unknowns that could be the main drivers of the Obamacare health law in the short-term, including how the federal government might respond to a challenge from a health care overhaul.\nFILE PHOTO: A medical device owned by the medical device company Medtronic PLC is displayed in the company's factory in Jhansi, India, October 8, 2015. REUTERS/Amit Dave/File Photo\nA sign outside the San Antonio Clinic in San Antonio, Texas, illustrates the effects of healthcare reform law, measures to ease congestion and improve security in a parking lot, surrounded by shops, restaurants and homes.\n“We are dealing with one of these big risks, and we haven’t seen it yet,” said Tim Maviglio, senior vice president of health and human resources at market intelligence firm JLL Research.\n“We have had a big bump and a bump in our earnings expectations for 2018. A lot of people are saying things like ‘2018 is going to be unpredictable’ and ‘we are seeing a delay.’”\nA successful rewrite of the 2014 Affordable Care Act could speed up insurance market reforms but could also put the 2018 uncertainty out of reach, JLL Research said.\nA sharp increase in 2018 premium costs could lead to a lack of coverage for some people, driving up premium revenue in those markets, the firm said.\nHMO insurers’ expectations for 2018 is very high, as they see an eventual ability to charge larger premiums than they see today.\nEven if 2019 is more favorable, many of the experts said costs are likely to rise further in 2018.\n“If you take the risk of being priced out of the market, you likely increase premiums by as much as 15 percent for 2018,” said Sam Kogan, vice president of health and human resources at the firm.\nIn November, a congressional subcommittee drafted a comprehensive plan that aims to save Americans millions of dollars each year from premium hikes.\nDavid Murry, a veteran industry analyst who advises health insurers on their communications, said coverage that many complained they didn’t have is still possible, saying it could be expanded to include for-profit insurers.\n"]

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http://www.reuters.com/article/us-cenovus-energy-conocophillips-layoffs-idUSKBN180234?il=0

http://www.reuters.com/article/us-cenovus-energy-conocophillips-layoffs-idUSKBN180234?il=0

ConocoPhillips to lay off 300 in Canada oil sands pullback

['Ethan Lou']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Oil companies in Canada’s oil sands will cut 3,000 jobs as the industry reassesses the impact of the recent North American slump on its operations and production, said Wood Mackenzie on Tuesday.\nWorkers are seen on the loading dock of the machinery for the recent oil sands startup Incoranda Energy Project in Darnell, Alberta, Canada, October 8, 2016. REUTERS/Todd Korol\nThe company, which operates the Palladium platform on the east side of the Alberta corporation’s Rusteys project in southwest Ontario, sees annualized production falling in its Canadian operations from 345,000 barrels per day (bpd) to 286,000 bpd by 2030.\n“Given the unstable climate in the U.S., Western Canada has become less attractive in light of recent supply-and-demand dynamics and our view is that this drop should not be sustained,” Greg Bryden, analyst at Macquarie Securities, said in a note.\nBryden said Baker Hughes Inc (BHI.N) expects it to fall by as much as 75 percent in operating income between this year and 2023 due to the oil sands pullback, then expects the industry could lose around 60,000 bpd in 2020.\n“In contrast, Cenovus Energy Inc. (CVE.TO) will break even for the fourth year in a row and remain profitable,” said Bryden.\nThe reduction in Alberta’s production, he said, was the largest since 2010, pushing up the costs of the existing upgrader to below $100 per barrel from more than $80 per barrel and the market for its ageing older processing plant.\nBryden said Cenovus and Encana Corp (ECA.TO) have already reduced production, with Cenovus making money in the process while Encana has made more than its fair share of losses.\nNeither company, based in Calgary, has outlined how it sees these changes affecting operations.\nThe company said on Tuesday that its current capital expenditures for the Keystone plant in Pennsylvania will total $9.2 billion, for a total expected to reach $17.5 billion, based on the current cost of operating, excluding project capitalization.\nReuters reported this month that the Canadian Securities Administrators (CSA) and Canada Pension Plan Investment Board (CPPIB) are in talks to revise the terms of the company’s $3.8 billion bond issuance in light of the current crude market upheaval.\n']

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http://www.reuters.com/article/us-usa-stocks-idUSKBN1801C0?il=0

http://www.reuters.com/article/us-usa-stocks-idUSKBN1801C0?il=0

Wall Street ends flat as health bill passes; energy slammed

['Lewis Krauskopf']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Wall Street ended mostly flat on Wednesday as lawmakers advancing a broad overhaul of the U.S. health care system voted to approve a measure to send the bill to President Donald Trump.\nFILE PHOTO: U.S. lawmakers vote to approve a broad overhaul of the U.S. health care system proposed by President Donald Trump, October 26, 2018. REUTERS/Sandy Cohen/File Photo\nThe measure, approved by the Senate, curtails most of the government’s regulation aimed at boosting U.S. healthcare.\nThe Congressional Budget Office said in a summary of a forthcoming quarterly accounting study that the overhaul had more to do with slowing federal regulation than with cost savings.\n“As a result, CBO came to a conclusion that the new tax proposal does little to achieve federal reductions in healthcare costs, and that the bill is a major dent in economic growth,” the budget department said in the summary.\nA bill to add uncertainty to stock prices follows a political deadlock on Washington as lawmakers work to bridge differences over how to reduce federal spending.\nInvestors have worried a Trump presidency could threaten an already weak healthcare industry that employs about 300,000. Health policy is a priority for U.S. President Donald Trump.\nApple Inc shares dipped 1.2 percent while health insurer American International Group Inc , which owns AIG , posted its biggest drop in three months.\nPluralities of stocks had fallen in volume terms in the past two days as investors digested expected tax changes and revenue from Trump’s tax plan.\nIf Congress approves the new healthcare bill, it would be the first major overhaul of the nation’s healthcare system since 1996.\nThe CBO said it would argue that the insurance industry would be hardest hit if the legislation were passed.\n“The CBO would argue that the premium levels will be elevated, unsustainable cost pressures will arise, and the budgetary effects will be felt by Medicare beneficiaries.”\nThe CBO said in the summary that it would “look to Congress at best” for those conclusions, adding that the legislation would reduce the deficit and increase healthcare coverage.\nOf the $1.43 trillion in U.S. healthcare funds by 2022, about $390 billion is managed by the federal government.\nHealth insurers have fared better on health care since 2017, with the share of insured premiums rose to 63 percent in the third quarter from 40 percent at the end of last year, the CBO said.\nThe CBO would also argue that the healthcare finance law, and the administration’s efforts to create new regulations on the industry, raise inflationary costs and drive private insurers to reduce benefits.\nLast week, a $1.5 trillion plan, with separate components for renewable energy and healthcare, was announced to cost $15 billion over 10 years. The goal would be to meet the 2020 target by funding two new federal agencies to replace Medicare and Medicaid.\nA second proposal seeks to rein in the cost of Medicaid that is currently rising by $6 billion a year, a plan to change the states’ own Medicaid rules over the next 10 years.\n“It appears the Congressional Budget Office has come to a standstill on Trump’s efforts to address the financing gap,” said Jim Ritterbusch, a healthcare policy expert at the nonpartisan Kaiser Family Foundation.\nOn Tuesday, Sen. Rand Paul, a Kentucky Republican and a key critic of the tax plan, told reporters in Nashville, Tennessee that there was “zero support” for the plan that would cut the federal deficit by roughly $4 trillion over the next decade.\nCongressional Republicans could not come up with a credible alternative to Clinton’s bill, which would reduce the deficit by $4 trillion over 10 years, with spending caps but no new taxes.\n“If there is any major restriction to the growth of the federal deficit to an arbitrary, decade-long level, which may or may not have the merit of an effort to do so, this would have little impact on the debt-to-GDP ratio,” Ritterbusch said.\nInvestors’ response to the new healthcare bill has been mixed. Hospital stocks rose on hopes that the bill would be on track for a passage.\nBut medical stocks faced a bigger challenge as states sought to stay out of the healthcare market.\nMedicaid, which covers more than 800,000 people, has been a top earner for medical stocks in the past year, after it suffered from health-care reforms and competition from private companies.\nShares of major insurance companies in the U.S. healthcare sector, which account for more than 80 percent of health insurer profits, jumped 2.4 percent in midday trading on Tuesday.\n']

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http://www.reuters.com/article/us-usa-trump-religion-idUSKBN18025T?il=0

http://www.reuters.com/article/us-usa-trump-religion-idUSKBN18025T?il=0

Trump order frees tax-exempt churches to be more politically active

['Daniel Trotta']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["FILE PHOTO: A woman takes a selfie on the U.S. Capitol (REUTERS) in Washington, U.S., March 1, 2017. REUTERS/Yuri Gripas/File Photo\n(Reuters) - President Donald Trump on Thursday ordered federal prosecutors to release the names of dozens of mostly nonprofit groups he promised to jail for donating money to conservative political causes, in an effort to catch tax-exempt organizations.\nThe orders aim to keep the group, known as the American Federation of State, County and Municipal Employees, out of danger of being criminally prosecuted.\nThe announcement comes just hours after the Trump administration revealed that it had been heavily pressured by conservative advocacy groups to release the names of some of the more than 40 high-profile members.\nSome such groups have told the president that they will be shut down because of Trump’s initial promise to jail 501(c)(4)s for donating money to conservative political causes.\nBut the president has also said he would not deport illegal immigrants who are married to undocumented workers. (story continues below.)\nBut the move has stoked widespread concern about targeted government activity for which the courts have granted unqualified immunity under free speech.\nIn an order on Thursday, the Justice Department asked the U.S. District Court for the District of Columbia to release names of many who donated to conservative organizations. Among them is the Family Research Council, a conservative advocacy group whose executive director, Tony Perkins, spent part of his career combating immigration.\nThe order had been pending in the courts as the Trump administration continued to decry a law approved by Congress allowing married couples to file jointly with no pre-existing medical conditions.\nOn Thursday, Deputy Attorney General Rod Rosenstein declared he was in a meeting with some top federal officials on the issue and that information would be released to the public by the end of January. He said any past issues with the law would remain confidential.\nThe rules directed the Justice Department to release names that are otherwise confidential, such as the family trusts that identified prominent figures, such as former members of Congress, or those supporting conservative candidates.\nHe also directed the federal prosecutors to break the law by claiming that all money raised is required by law and can only be used for unlawful purposes, but insisted there is no reason for the document to be classified.\nPro-life, pro-gun, pro-gay marriage groups condemned the order.\n“The Trump administration's conservative agenda undermines the separation of church and state and its most important security and economic interests,” said Kristin Major of Planned Parenthood Action Fund, a national rights group.\n“New regulations will further de-emphasize and undermine life-saving health care access and freedom of choice.”\n"]

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http://www.reuters.com/article/us-iran-election-rouhani-rights-idUSKBN1802J3

http://www.reuters.com/article/us-iran-election-rouhani-rights-idUSKBN1802J3

Iran reformists to back Rouhani re-election, though some voters grow cool

['Parisa Hafezi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["DUBAI (Reuters) - Iranians will vote in the first round of the country’s elections in February, with conservatives preparing to back Rouhani Rouhani in the first presidential election since 2009, seen as a setback to the reformist president but possible victory for the opposition.\nFILE PHOTO: Raja Mehdi el-Sudani, Iran's President's former ambassador and general secretary, leads a delegation during a welcoming ceremony at the walled district of Nasr-e Zahra, in Najafabad district, west of Tehran January 8, 2015. REUTERS/Nicky Loh/File Photo\nPolling stations are opening early and the candidate will face intense domestic opposition, with “red” candidates seeking to curb power ties with Tehran as the protest movement against a decade of policy-making finds a way through a national constitution passed in 2009.\nThe crackdown of pro-rural revolutionaries on more than 80 percent of the vote in 2009 in the biggest electoral protest since the 1979 Islamic Revolution against the Western-backed Shah was toppled, has forced authorities to take longer than expected to hold the vote.\nShould voters elect Rouhani, their opposition candidate would face a hard battle to recover their support and steer Iran towards a nuclear deal with world powers.\nSlideshow (5 Images)\nAmid mounting pressure for direct elections, the issue is likely to play out in the coming weeks amid a bitter campaign for more international legitimacy and new deals with Iran.\n“Whoever wins this round will be the first to see this message,” said Sofia Isom, co-director of the study “Impact of the Revolution: Referendum on the Future of Iran”.\n“People are still losing faith in Rouhani,” she added.\nRouhani, 53, assumed office with popular support for decades and until 2013 won 80 percent of the presidential vote in Tehran.\nHis predecessor Mahmoud Ahmadinejad, a former bus driver, was elected president under hardline Sunni Muslim President Mohammed Khatami who appealed to conservatives after talks with Iran’s Supreme Leader Ayatollah Ali Khamenei in 2015.\nIranian voters will go to the polls in the first round of the elections in February, a tight race between Rouhani and opposition challenger Hassan Rouhani.\nThe main opposition party, the Revolutionary Guards, planned to campaign hard against Rouhani, and the opposition coalition of eight opposition groups, including the opposition website Mega Dozeh, plans to run TV ads in all major cities.\nThe head of another conservative coalition, the National Republican Council, expects people to demand more than a decade of reforms, while other parties of the opposition, National Democratic Alliance and the Islamic Republic Restoration Network (ISDN), plan to endorse Rouhani.\nNEW BUDGET\nRouhani, who won approval from the Supreme Court for a robust financial reform plan, has promised to clamp down on corruption and curb tight financial controls.\nBut his hardline business rivals, who are calling for a mid-term budget cut and tightening of some tax laws, have accused him of failing to implement their demands in a country where public pensions rank among the highest in the world.\nFurther weakening the economic and military pillars of Rouhani’s governing reformist policies would be a major blow to the economy, analysts said.\n“The president’s strong and ongoing support from the previous parliament is a good indication that the opposition is prepared to stand against him and call for direct elections on February 12,” Abhinav Singh, a banking analyst at the Iran Summit Group, a forex and banking research consultancy in London.\nBanks such as HSBC (HSBA.L) (ING.L) are expected to be among the first banks to issue free weekend calls with Rouhani in the run-up to the election.\nU.S. and European government officials have urged Tehran to host Iranian investors, some of them in the run-up to the election, amid worries over political instability.\nIn a previous election, Rouhani called for open dialogue with foreign powers over the nuclear issue while retaining his “finger on the button” diplomacy, previously including a visit to then United States President Barack Obama for talks and two calls with the British and the French.\nThe Islamic Republic holds a 28-seat parliament with more than one million members of the 550-seat chamber. It also has no elite hereditary government.\n"]

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http://www.reuters.com/article/us-usa-tech-breakingviews-idUSKBN1802KG

http://www.reuters.com/article/us-usa-tech-breakingviews-idUSKBN1802KG

Cox: Tech monopolies crowding out little guys

['Rob Cox']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - How many smart TVs and smartphones do you have yet, but no one knows for sure, according to a crowdfunded survey of e-commerce retailers.\nThe measure is part of the 2018 omnichannel programme for the National Retail Federation. The targeted category of goods has doubled since early 2017 to 40 percent of its annual total\nThat’s where Amazon.com Inc (AMZN.O) comes in. Companies are under attack for not selling goods - online or without a data set of shoppers -- as should retailers in the growing space.\nBut as e-commerce expands into new arenas like driverless cars, software and content, that has also pulled out the plug on other, often overlapping forms of economic growth.\nThe survey, based on 12,342 third-party panel members who spent three days viewing Amazon data last year, finds that e-commerce.com enjoys a market share of about 6 percent. “E-commerce has arguably the single greatest growth story in consumer electronics,” survey author Brian Holmes told Reuters.\nThe index is based on sales of 42 percent of products.\n“Does the market share exist on the size of Amazon or its product line, or is it a strength?” Holmes asked.\nSales of on-demand goods might be affected. A lengthy survey carried out by the British Business Intelligence Department shows that German tech giants were almost twice as likely to be among the top 10 categories for retailers with an overall market share of more than 16 percent.\nWeb-driven areas such as games and media channels were also nearly twice as likely to be among the top 10 categories.\n“A surging resurgence of brand-owned outlets is already influencing business-wide purchasing behaviour, as retailers increasingly require more cost efficiency,” Holmes said.\n']

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http://www.reuters.com/article/us-usa-climatechange-model-idUSKBN1802E2

http://www.reuters.com/article/us-usa-climatechange-model-idUSKBN1802E2

Scientists call for more precision in global warming predictions

['Emily Flitter']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Traders react on stage after a news conference of the UN climate change summit in New York, U.S., January 1, 2018. REUTERS/Shannon Stapleton\nLONDON (Reuters) - Traders and scientists on Tuesday called for more precision in climate predictions, saying it could alter reality and allow poorer nations to benefit from cuts in greenhouse gas emissions.\nAlmost a third of global emissions are projected to occur by 2050, with nitrogen oxide (NOx) an increasing source of power-generating nitrogen oxides.\nNow three years old, the process is taking longer to reveal how deep the effects of climate change will be, especially during the decades leading up to the end of the ice age.\nUnder pressure from countries pushing for more cuts in emissions under the Paris deal, most of the world’s developing nations have moved towards broadened carbon reduction targets under different scenarios.\nThe new stance from Royal Dutch Shell (RDSa.L) (RDSa.BA) was echoed by Eurostat, which on Tuesday pushed for a more ambitious international carbon trading scheme, or COP 24.\nAt the Climate Change Summit which concluded with Mongolia adopting a new carbon emissions trading scheme, countries admitted they were not in a position to plan for the kinds of emissions reductions they expect to see from the 2020 agreement.\nThe Financial Times said the magnitude of emission reductions and the timing of targets were all too realistic.\nGlobal warming “could change the behaviour of Earth over the next century, becoming messy, turbulent, cruel and ultimately irreversible,” said Dutch scientist Christian Reither, another RDSa chief executive.\nHIGH-PRICE MANUFACTURING WORRY\nAbbey Reither, chief executive of Shell, said the WHO Global Action Plan that’s working in Tanzania could take similar steps in terms of targeting emissions from the mining of coal.\n“This information comes from much different markets,” she said.\n“We all know what that means and what that isn’t, but the reality is there’s a huge amount of science that has historically been astoundingly wrong, many of which we’ve now been able to use to make predictions.”\nIn December, a U.N. panel of scientists warned that under similar climate rules to approach countries like North Korea, Indonesia and Australia, most emissions would be easily captured.\nThe Global Climate Indicator for 2020, compiled by the Center for Environmental Acculturation, a think tank in Stockholm, said the worst of the impacts of climate change would come from 2 to 3 percent of total emissions of greenhouse gases by 2050.\n“Being able to act at this point in time is enough to allow us to move forward on the forecasted reductions. To date, it’s not clear how well the fact we have a better plan for the long term potential for emissions controls makes us or doesn’t make us,” said Cameron Delouise, director of the UN climate change agency Intergovernmental Panel on Climate Change.\nLast year, IRAN said it had a plan but it was a big leap forward.\n“We have taken a step forward,” said Olivier Bauer, research manager of IRAN (www.iran.org.il).\nBauer said Kazakhstan and Uzbekistan adopted a target early on for a 2020 target to reduce CO2 emissions by 18 percent by 2030, compared with COP 18’s goal of 8 percent, setting the road map for the 2030 emissions target.\n']

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http://www.reuters.com/article/us-gm-greenlight-idUSKBN1801PV

http://www.reuters.com/article/us-gm-greenlight-idUSKBN1801PV

Greenlight says documents show GM tried to undermine dual-share plan

['Michael Flaherty and Ankit Ajmera']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["(Reuters) - A legal review of lawsuits by shareholders in the U.S. automaker General Motors Co (GM.N) shows it sought to undermine the U.S. auto industry’s “ruling power” by changing a plan to force its chief executive off the White House’s board.\nFILE PHOTO: The GM logo is seen outside an assembly line for the LaPrade automobile brand in Oxford, United Kingdom, May 22, 2015. REUTERS/Suzanne Plunkett/File Photo\nThe terms of the 2014 agreement with Ford Motor Co (F.N) to split into two units derailing the separation between the two companies drew fire in the past for neglecting to take on board all in-house and in-house executives. It will be formally reviewed by the supervisory board of the National Highway Traffic Safety Administration (NHTSA) on Monday.\nAlthough NHTSA has been conducting investigations into the U.S. automaker since shortly after the first controversy over its separation that was embroiled in 2015, independent review of at least seven separate lawsuits involving GM were not part of the discussion by NHTSA in the review.\nThe GM filing by Brian Bluhm, a lawyer for GM, and a partner at the firm Silverton Law LLP, said investigations into company practices during the probe identified issues from compensation practices to strategic strategy, particularly through the termination of chief executive officer Mary Barra in 2014.\nThe judge presiding over those lawsuits, U.S. District Judge Carl Barbier, is expected to consider the GM proposals in coming weeks.\nAt a court hearing on Friday, as GM argued that the review submitted by the independent review board did not exhaust the complaints adequately, Bluhm acknowledged there was “deficient judgment” by the NHTSA. However, he said the independent review board had “a reasonable amount of common sense” to support the original filing by Bluhm and his partner.\nBluhm sought a ruling that the NHTSA’s review failed to comply with the entire lawsuit during the 2017 review. His appeal to NHTSA’s attorney general will continue until a new judge is appointed.\nWorth A Knocking!\nBut GM argued that the judge’s ruling was not of a “appearance” and, more importantly, did not weigh in on a specific claims of damages.\n“What we’re not saying is that the lawyers didn’t even take this to their logical conclusion,” Bluhm said. “They made their decision, and now they’re saying what their lawyers ought to have to say: ‘Oh, was a mistake.'”\n“That’s way, way off the mark,” said a Ford executive, who added that it’s too soon to know how the review was conducted, or whether it was honest or deliberate.\nAsked if the GM’s comments amounted to legal defense, said the executive, “For the most part it’s not.”\nGM said it reviewed every file it had, worked closely with outside counsel and delivered its suggestions to the NHTSA. It was extremely pleased with what it found.\nA senior NHTSA investigator referred Reuters to a copy of the “intriguing files” GM posted online that “demonstrated critical levels of integrity,” including requests for the probe of more than 1,200 documents pertaining to management, governance and governance processes, according to a copy of the file seen by Reuters.\nThe material reviewed by the lawyers included nearly 200 pages of documents from several General Motors facilities, and a detailed biography of Barra, including references to her participation in NHTSA discussions with General Motors in 2017 and 2016 about the sale of shares in GM to the minority owner of the company, or to the separation of the two divisions, Ford and GMO.\nOn the emails contained in the file, Ford notes that GM vice president of North American Operations Gary Friedrichshafen was in charge of reorganizing up to ten million shares each of GM and Toyota.\nGM senior vice president of global electrification, Bob Lutz, has been a key ally of both Ford and GMO, according to Ford documents.\nThe NHTSA investigation also found some unspecified issues with management of two original offense and five second offenses each.\n“The GM investigation revealed that these two mistakes that occurred did not evolve from management changes, reorganizations, or any changes made to the way the company structured itself,” Plunkett said.\n“It includes issues involving compensation arrangements, a need to strengthen compliance with regulations and other benefits, particularly related to the restructuring of reorganizations, which caused"]

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http://www.reuters.com/article/us-global-oil-idUSKBN18000F

http://www.reuters.com/article/us-global-oil-idUSKBN18000F

Oil rebounds on Saudi assurances Russia will extend supply cuts

['Scott DiSavino']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NEW YORK (Reuters) - Oil prices rebounded on Monday as investors shrugged off a Saudi Arabia-led production cut plan widely expected to include Russia and cut production to just six percent of the world’s output.\nA general view of a tanker is seen in the port of Samira in Suez, Egypt September 9, 2018. REUTERS/Mohamed Abd El Ghany\nU.S. crude prices were up about 0.5 percent to $52.94 a barrel by 0728 GMT, before trimming gains to stand flat at $52.14 a barrel. Brent crude added 0.5 percent to $55.06.\nU.S. West Texas Intermediate futures were up 0.6 percent at $49.11.\nA low-pressure ridge in the Gulf of Mexico was forecast to push global oil inventories to 500 million barrels by October, according to the U.S. Energy Information Administration.\nThe Saudi move appeared a throwback to the April delivery contract. It was the second time in as many weeks that Saudi crude oil has come under pressure, and could drive Brent prices lower.\nAs Riyadh also sought to reassure oil market members of its ability to boost prices without breaking itself above $50 a barrel, analysts said the policy shift would be unnerving investors and would be seen as an immediate negative for the dollar.\n“(The move) was down at the start of the month, but it’s priced right now,” said Phil Flynn, analyst at Price Futures Group in Chicago.\n“It does get triggered that the Saudis and OPEC have this plan in place and maybe it could get to the market,” he said.\nOIL SHINE STEPS\nAnother emerging trend in light oil trading, the West Texas Intermediate (WTI) price that had been in a slump in the past year, reversed course to mark a four-month low near $45 a barrel.\nU.S. Brent oil futures climbed 1.2 percent to $49.99 a barrel, having closed at $45.33 earlier in the session.\n“There’s no pricing disconnect in here,” said Raymond Conley, commodity analyst at Arvest Bank. “The idea is that if WTI is so low now, you can’t sustain that price level and not try to move lower as oil prices slow down.”\nIn recent weeks, Saudi energy ministers and the opposition Islamic Republic of Iran have threatened to suspend crude shipments to the Organization of the Petroleum Exporting Countries if their output deal, agreed last month, doesn’t include the new US decision.\nThe report added to waning sentiment for oil, although some analysts said that after emerging from its worst three-year slump, crude prices might recover as soon as this week.\nOil prices in late September reached a four-month high of $51.90, and settled up 0.6 percent to $54.24.\nU.S. crude equity futures rose more than 3 percent in the first three months of the year, on concern that a record number of rigs were idle in the United States due to outages at refineries and outages at other plants.\nAs global inventories gathered pace, prices remain at a level that excludes supply shocks. A slide in U.S. crude, which was recently the best-performing stock of all time on the S&P 500, could put pressure on market indexes to a more sideways consolidation until volumes continue to show a further rebound in the stock market.\n“Brent crude is starting to stabilize, that’s the first thing to hit markets,” said Mark Williams, chief commodity strategist at CMC Markets.\nCrude prices have fallen almost 20 percent since mid-August, while a crude industry group said a slump in output across North America has stalled output globally.\n']

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http://www.reuters.com/article/us-usa-trump-russia-idUSKBN1802RG

http://www.reuters.com/article/us-usa-trump-russia-idUSKBN1802RG

U.S. House Intelligence Committee has ’successful’ Russia hearing

['Patricia Zengerle and Jonathan Landay']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - A top Republican congressional oversight panel said on Thursday it found there was no evidence the Trump administration broke any laws at its Russia contacts gathering classified intelligence, a rare victory for Democrats on the Committee on House Intelligence.\nThe statement from the Committee of the Armed Services “emphasizes this was a successful testimony for openness and transparency in the Senate Intelligence Committee’s classified review of the Trump administration’s contacts with Russia,” Rep. Adam Schiff, a California Democrat, said in a statement.\nThe panel has four Republican members, with five Democrats, for how long the hearing would take.\nThe report and other public reports around the country cite numerous examples of the Trump administration repeatedly hiding information about contacts with Russia. It also faults the administration’s response to pressure imposed by Russia over its annexation of Crimea.\n“They’ve used obstruction of justice and a contemptuousness toward the Senate Intelligence Committee to evade accountability for their actions,” Schiff said in the statement.\nSchiff and other Democrats have called for more accountability from the administration over the strategy or behavior of Secretary of State Rex Tillerson, Secretary of Homeland Security Kirstjen Nielsen and Commerce Secretary Wilbur Ross.\nThe committee said it had completed its review of the decision to open a classified briefing on the Russian government’s 2016 election interference.\n“The Committee is hopeful that the House Intelligence Committee will be able to produce a report that will illustrate the understanding from the State Department’s lawyers and National Security Adviser (NSA) General Tommy Vietor regarding appropriate information exchange,” the statement said.\n']

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http://www.reuters.com/article/us-usa-asean-northkorea-idUSKBN1802EI

http://www.reuters.com/article/us-usa-asean-northkorea-idUSKBN1802EI

Tillerson urges ASEAN to cut North Korea funding, minimize ties

['David Brunnstrom']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['NAIROBI (Reuters) - U.S. Secretary of State Rex Tillerson warned on Tuesday that Asia must show restraint in its human rights record and to minimize ties with North Korea to minimize what would be a further deterioration of relations between the two countries.\nU.S. Secretary of State Rex Tillerson (R) speaks at the Asia Pacific Summit as part of the United Nations General Assembly at the U.N. headquarters in New York, September 21, 2017. REUTERS/Shannon Stapleton\nNorth Korea, which wants the U.N. to arrest and airlift U.S. troops and forbids international aid and investment in the region, said it was one of the top priorities for Washington for this year.\nTillerson also warned that a trade war between the United States and China would hurt U.S. national security interests and that any deal on North Korea should not be interpreted as a “reinvention” or a signal to Pyongyang of its behavior.\nNorth Korea said earlier this month it would like more freedom of movement across the border with South Korea under new White House National Security Adviser H.R. McMaster’s plan to have ordinary people living in China separated from North Koreans there.\nOn Tuesday, Tillerson said the United States and ASEAN should ease restrictions on global goods by reforming the ASEAN Investment Promotion and Development Authority.\n“The United States has issued a new export promotion and development agency directive that will have the opposite effect. It will also include a shift in standards of practice between regional nations that favors transparency and openness and that also wants to promote accountability in this order,” Tillerson said at a news conference.\n“We cannot conclude an agreement to pull out of ASEAN without reinstating an existing rule which was broken during previous regimes,” he said.\nTillerson called for a full reinstatement of the ASEAN Investment Promotion and Development Authority, an agency under whose authority the United States is withdrawing it from the region.\n“Notwithstanding this new law, it is true that ASEAN membership is not compatible with China’s trade policies which in places like Thailand, Tibet, India and Indonesia offer greater opportunities for Chinese investment and thereby generate additional investment opportunities. At the same time, ASEAN’s inclusion in the strategic community does not translate to recognition by Beijing that it possesses sufficient regional economic power to accommodate new trade agreements,” Tillerson said.\nDEEP PROBLEMS ‘SIGNIFICANT’\nSpokespeople for Secretary of State Rex Tillerson and China’s Secretary of State Rex Tillerson (C) pose for a photograph in front of the Chinese Embassy in Nanyang, in Nangarhar Province, China September 30, 2017. REUTERS/Bobby Yip\nChina is wary of North Korea, which it deems a nuclear-armed threat, while Russia has kept a low profile.\nTillerson warned that a Trump administration’s insistence on the U.N. Security Council setting an acceptable halt to the North Korean nuclear test launch and missile testing pose a “grave security threat” to the region.\n“The U.S. United Nations and our neighbors must be fully engaged in our efforts to develop an international agreement that reinstates the status quo,” Tillerson said.\n“We cannot tell the North Koreans that they are wrong or there will be consequences. I share the grave concern about this ... at a time when tensions are rising and everyone is increasingly concerned about North Korea’s nuclear weapons program.”\nTillerson said some countries were behind the peaceful deployment of an anti-missile system in South Korea, warning that failure to ratify the agreement could destabilize the peninsula.\nChina also believes the military exercises in the South China Sea could involve North Korea and other nations in that dispute, and further erode ties with the United States, Tillerson said.\n“They represent one of the major destabilizing threats to the region. They are a clear violation of the Comprehensive Nuclear-Test-Ban Treaty,” he said.\n']

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http://www.reuters.com/article/us-usa-mexico-chapo-idUSKBN1802K5

http://www.reuters.com/article/us-usa-mexico-chapo-idUSKBN1802K5

’El Chapo’ to remain in solitary confinement, U.S. judge rules

['Brendan Pierson']

01-01-2021

reuters.com

success_wayback

gen

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['SAN ANTONIO (Reuters) - Mexican drug kingpin Joaquin “El Chapo” Guzman must remain free until Friday after a federal judge rejected his request for a speedy trial, an appellate court ruled.\nFILE PHOTO: Mexico\'s presidential frontrunner and Mexico\'s President-elect, President-elect Enrique Pena Nieto arrives at the "Altar Car House" in Mexico City in this May 13, 2016 handout photograph. REUTERS/Mexico Presidency via Press Appellate Board/Handout via Reuters\nThe ruling by U.S. District Judge Susan Illston in San Antonio is the result of months of litigation, by opposition and U.S. allies, against Mexican President Enrique Pena Nieto and his government.\nIllston issued the permanent injunction against Guzman’s extradition to the United States on Nov. 30.\nThe 10-judge panel of the 9th U.S. Circuit Court of Appeals in San Antonio said Guzman could be freed even if he could not stop another drug lord before he turns himself in for extradition.\nIf the court upholds the temporary injunction, that would set a precedent for extraditing drug kingpins to the United States.\n“In the first draft of the en banc record, the ruling finds that it would be our client’s onus to answer for his actions in the execution of drug kingpins. But we have interpreted the judgment to assume that he (Guzman) will be questioned and investigated in the absence of a competency certificate,” a representative for the U.S. attorney’s office in San Antonio, Brian Holloway, wrote in an email to Reuters.\nGuzman could therefore remain in custody pending review by the 2nd U.S. Circuit Court of Appeals in San Antonio, which for now is only reviewing a motion by U.S. Attorney General Loretta Lynch to dismiss the case.\nAssuming her decision is approved, the most serious source of uncertainty about Guzman’s fate will be whether the government files a defense of the extradition request in the ordinary course of case, Holloway wrote.\nAn attorney for Gutierrez said he could not comment. Lynch, said the drug kingpin has maintained his innocence and maintained that federal authorities acted with international bestiality in their drug-fighting operations.\nLegal experts have said that the government is not convinced it has the strength to fight extradition, and suggested in a recent court case that Guzman would still pose a major threat to the United States even if he stopped extradition.\nGuzman escaped from a federal prison in Guadalajara, Mexico, in 2001, making his 44th escape in less than five years. Two years later, he was shot to death and the Mexican army opened a separate prison near his mountain hideout to launch a brutal campaign in which they killed millions of people.\nHis capture and return to the United States after a years-long jail sentence in Mexico appears to have ended his reign.\n']

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http://www.reuters.com/article/us-usa-budget-idUSKBN1802FI

http://www.reuters.com/article/us-usa-budget-idUSKBN1802FI

U.S. Senate passes bill to fund government through September

['Ginger Gibson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['DAR ES SALAAM (Reuters) - The U.S. Senate on Wednesday passed a bill to fund the government through September, paving the way for a vote in the upper chamber that could pave the way for President Donald Trump to sign the law into law.\nFILE PHOTO: President Donald Trump (R) announces the start of his Friday meeting with Chinese President Xi Jinping in the Oval Office of the White House in Washington, U.S., November 20, 2017. REUTERS/Jonathan Ernst/File Photo\nThe measure passed the Senate 96-13 on a party-line vote, and reached the 90-day mark on the House of Representatives, where it is expected to attract more support than the 281 Democrats who have joined an independent.\nTrump signed the bill on Monday after a week spent examining the legislation.\nBy late Wednesday, almost all Trump’s allies were happy with his approval of the bill.\nThe issue has dominated the congressional agenda for years. It involves funding the government through September and delaying another one.\n“I’m excited and proud to see this bill get through,” said Senate Republican leader Mitch McConnell of Kentucky, who advocates a “clean” funding of the government through September.\nDemocrats, including Senate Democratic leader Chuck Schumer of New York, criticized a possible collapse of the legislation, which has the support of Republican senators and would make the Trump administration wish to sign the legislation into law next year.\n“Until the president signs the bill into law, the House will remain highly skeptical about any move to defund Planned Parenthood,” Schumer said in a statement.\nCongressional negotiators on Tuesday closed a brief procedural maneuver to ease the bill’s passage, removing its uncertainty over what they may ultimately do.\nThe legislation passed by the House and Senate on a party-line vote also passes through the House, where Republican hardliners like speaker of the House Paul Ryan of Wisconsin have expressed cautious reservations about the bill’s future.\nIn a letter to House Republicans on Tuesday, Ryan warned it could have a “devastating effect” on Obamacare, if the bill failed to meet his goal of tying budget deficits to getting federal spending under control.\n“Putting a different bill in that House doesn’t help us address our deficit problems,” Ryan said.\nThe House on Tuesday passed the bill, which largely mirrors the Senate’s version, with members of the bipartisan working group skeptical about the need for money to fund the government through September. The measure also had a central question in the original House plan: which appropriations bill would provide the money to pay for it.\nA spokesman for House Speaker Paul Ryan declined to say whether Ryan had endorsed the bill, which Democrats are keen to vote on, but insisted it had no impact on Trump’s healthcare program.\n']

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http://www.reuters.com/article/us-usa-stocks-apple-idUSKBN1801AG

http://www.reuters.com/article/us-usa-stocks-apple-idUSKBN1801AG

S&P 500 tech index edges toward $5 trillion while Apple steals spotlight

['Rodrigo Campos and Noel Randewich']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - Silicon Valley has made the tech industry one of the country’s strongest businesses, poised to become a major component of the economy as the consumer tech sector goes mainstream, S&P 500 Technology and Information Technology companies posted solid gains for the third quarter as robust domestic demand help turn the corner after a difficult 2014 and a slump in profits.\nFILE PHOTO: A model is seen at the Moscone Center in San Francisco, California September 1, 2013. REUTERS/Robert Galbraith/File Photo\nThe index rose 1.2 percent, taking it above the 10-year average and beating Wall Street’s forecasts, as tech companies, including Facebook Inc (FB.O), eBay Inc (EBAY.O) and Alphabet Inc (GOOGL.O) gained on expectations for sustained gains.\nIn morning trading, the S&P 500 technology index , up 3.9 percent, was narrowly off its record high of 10,698.12 set on December 21, on track for a third straight day of gains, data showed.\n“It continues to be an impressive year for tech,” said Chris Weston, managing director at Mizuho Securities in New York. “And we’re seeing Facebook’s positive trends over the past couple of years.”\nTechnology companies led the advances with the Nasdaq Composite Index .NDAQ up 4.8 percent to a record high. The tech index has climbed 12 percent this year, outpacing the 10.7 percent decline in the Nasdaq, on concern that the weak U.S. economy will hurt the global economy and that Facebook will miss targets in its user growth.\nFacebook became the first company to reach $600 billion in revenues through mobile advertising, contributing about a quarter of all smartphone users in November, according to the company’s recent quarterly earnings report. Facebook has since revised up its outlook for 2017.\nApple had a strong session for the Apple Watch, gaining 6.2 percent in New York trading. The smartwatch unit had sales of $9.4 billion, slightly up from a year earlier.\nU.S. data showing a drop in manufacturing activity in December, disappointing global economic growth, and better-than-expected results from Google (GOOGL.O) eked out a 0.4 percent gain.\nThe most recent monthly private employment figure was worse than expected at 66,000 jobs, due to hiring in manufacturing and retail.\nThe Dow Jones Industrial Average .DJI rose 34.37 points, or 0.21 percent, to 24,270.81, the S&P 500 .SPX gained 4.48 points, or 0.31 percent, to 2,587.59 and the Nasdaq Composite .IXIC added 54.55 points, or 0.40 percent, to 5,102.94.\nThe Dow’s rally, despite a sharp plunge in crude prices, is still dwarfed by the broad S&P 500, as economic headwinds and concerns about the Swiss National Bank boosted oil prices on expectations the central bank could hike interest rates next month.\nThe dollar fell on growing concerns that euro zone leaders could fail to reach a deal that will avert an imminent debt default.\nBitcoin prices rose to a record closing high of $9,986.75 on Monday, tracking a rise in a Swedish debit card fee, with investors expecting strong demand as Europe’s biggest economy tries to ease concerns over its weak finances.\nTesla gained 8.1 percent to a record high after the electric carmaker agreed to buy its micro-lending business for $1.26 billion.\nNetflix Inc (NFLX.O) edged up 1.1 percent to a nearly three-week high after it said the company’s subscribers grew by 14 percent to 153.6 million and its monthly rental bill rose nearly 17 percent in its most recent quarter.\nGains from a slew of homebuilders pushed housing shares higher. All four of the major S&P sectors ended higher.\nMacy’s (M.N) rose 1.4 percent after reporting its most profitable quarter since 2008, improving its guidance for its fiscal third quarter and a rise in quarterly revenues.\nBiotechnology stocks also rose after Pfizer Inc (PFE.N) upped its full-year revenue guidance for the first time in nearly a decade.\nAll four major averages closed slightly higher, but Pfizer shares were the biggest drag on the S&P 500 after they fell 1.4 percent.\n($1 = $1.3320 British pounds)\n']

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http://www.reuters.com/article/us-metlife-court-idUSKBN1802QN

http://www.reuters.com/article/us-metlife-court-idUSKBN1802QN

U.S. government says it needs more time in MetLife ’too-big-to-fail" case

['Lisa Lambert']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - The U.S. government said on Friday that the government needed more time to decide whether it is owed more compensation for the failure of big insurer MetLife Inc. [METL.UL] on Oct. 2, making matters worse with a report that calls the 7th Circuit panel a “strategic coterie.”\nU.S. Treasury Secretary Steven Mnuchin speaks at the JPMorgan Chase & Co. Primary Global Head of Investment, Equity and Special Situations Trading Program at a news conference in New York, U.S., July 18, 2017. REUTERS/Lucas Jackson\nIn its report released late on Thursday, the U.S. Justice Department noted that the 8th Circuit panel had “failed to act reasonably due to numerous conditions, a lack of explanation” and unnecessary delays.\nU.S. Treasury Secretary Steven Mnuchin, speaking on the same day as the Federal Reserve’s latest quarterly survey of economists, made clear the government was still considering the issue.\n“We are reviewing the report,” he said in an interview with CNBC’s “Squawk Box.”\nThe agency issued its report on Thursday, following an earlier Fed-sponsored report.\nMnuchin said he was “considering every possible avenue” to settle the “too-big-to-fail” case. He has repeatedly rejected media reports that he is seeking tens of millions of dollars in compensation.\nThe Fed had first filed a complaint in 2016 accusing MetLife of misleading investors by telling them that rival insurance group AIG had reached a resolution. That lawsuit was settled after post-settlement talks broke down.\nThe 7th Circuit panel had also been considering that case in October, bringing the government’s case against the bank and asking it to consider additional penalties related to the deal.\nA spokeswoman for the agency did not immediately respond to a request for comment on the recent timeline, but a source familiar with the case said the bank had filed papers in October.\nThe bank was also considering seeking comment on the Thursday’s fresh conclusions.\nCo-chairman of the panel John Aiken said in a statement on Friday the 7th Circuit panel appeared to strike an unfair deal for certain groups of the group.\n“The United States is about as likely to spend a lot of money at the expense of our greatest beneficiaries,” Aiken said.\nThe settlement talks with MetLife have taken place over concerns that the chief executive who founded the company will not get the same pay increases as the group’s majority owner, Citigroup Inc.\n']

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http://www.reuters.com/article/us-global-markets-idUSKBN18003P

http://www.reuters.com/article/us-global-markets-idUSKBN18003P

Oil falls 5 percent on supply woes; euro up before French vote

['Rodrigo Campos']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['* Oil steady as traders anticipate French vote on \'round plan\'\n* Dollar quickens, on supply worries ahead of French vote (Adds market reaction, details)\nBy Rodrigo Campos\nNEW YORK, Jan 1 (Reuters) - Oil fell slightly on Wednesday, supported by supply concerns and a drop in crude prices on the European Union’s plan to use the unsecured Paris Club for carbon offsets.\nSpeculators sold a record number of oil futures contracts this week, the latest sign the market is heating up, hitting a high since mid-October.\nThe conflict in the Middle East, simmering unrest in Libya and concerns over Iran\'s nuclear program are unsettling investors. Investors fear that Iraq\'s Baath Party has been weakened, putting pressure on the less-wealthy or widening oil-fuelled inflation.\nThe global benchmark OIL rose a dollar to $99.92 in early trading on Wednesday, after a 4 percent decline on Tuesday. The euro fell more than 2 percent to $1.3242, slumping on the release of French elections on Sunday and recent French elections.\n"In the first half of next year, we expect crude to trade in a range and demand will be driven by concerns over supply out of Egypt and Libya," said Stuart Hoffman, an energy trader at Bank of Montreal.\nU.S. markets are under pressure for a cut in the $40 billion in internationally-funded carbon offsets sent to North American oil companies last week, seen in putting in place a nationwide meeting of world carbon leaders in February.\nOPEC already supplies more than half its quota with offsets to hedge oil prices, but there are concerns it will need to open up its strategic reserves and sell the offset to others in the market.\nOil’s VIX, the asset pricing platform for several of the most active U.S. equities markets, last week turned negative as concerns of a Greek default loomed. It has risen 10 percent since the start of the year.\nTraders said the structure of the French election and the upcoming French vote would reduce volatility, at least for oil. But they are still concerned that the political risks would be magnified if France planned to use the Paris Club, which is in operation across the Organization of the Petroleum Exporting Countries.\n"People know there will be a France-Iran confrontation, so the thinking should not be disregarded," said Samir Ismail, global head of strategy at Gasparia Investments, in a note. "Innovation could make the Russian supply more attractive."\nIn a notice on Tuesday, the French government wrote to the European Commission saying it was taking steps to take into account market conditions if issues concerning the setting of the planned Paris Club can be met.\nThe European Commission has yet to explain how the gas will be delivered. According to data from Reuters, it expects it to be delivered by the end of April. (Editing by Chizu Nomiyama and Grant McCool)\n']

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http://www.reuters.com/article/us-usa-trump-trip-idUSKBN1801XV

http://www.reuters.com/article/us-usa-trump-trip-idUSKBN1801XV

Trump to wade into Middle East politics on first foreign trip

['Roberta Rampton and Ayesha Rascoe']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - U.S. President Donald Trump will address the Muslim world at a summit of the Mideast’s Muslim leaders on Sunday, his first trip abroad since December’s failed summit with North Korea.\nFILE PHOTO: U.S. President Donald Trump holds up the illuminated tapestry of the Eagle Ford shale formation in Arlington, Virginia, U.S., September 8, 2017. REUTERS/Jonathan Ernst/File Photo\nThe move could signal a further escalation of the Trump administration’s rhetoric toward Pyongyang and its Iranian ally, which he has called a threat to the United States. President Donald Trump had angered many Arab leaders earlier this week by threatening war with Iran and North Korea.\nIt also is a sign that Trump is continuing to push hard to win nuclear-armed Iran and to improve relations with the international community, which has been rocked by disagreements over several crises since Trump took office.\nTrump, who can use such foreign trips to plot additional policy if he so chooses, will reach out to Mideast leaders from Egypt to Morocco and Saudi Arabia on Sunday, according to a White House statement.\nHe will be accompanied by senior White House adviser Kellyanne Conway.\n“President Trump will be addressing the Muslim world at the NATO summit in Brussels on Sunday, and the President will be delivering remarks on Tuesday,” the statement said.\nHis plans would not involve traveling abroad. He is expected to travel to a meeting of the Arab League in Cairo later on Sunday as part of a major travel package planned for next month.\nIn July, Trump pledged to review the damage from North Korea’s nuclear weapons program, saying the country was capable of becoming a fully hydrogen bomb. That drew a sharp rebuke from the leaders of the Arab League and the United States, which has accused Pyongyang of seeking to develop a nuclear weapon.\nOn Saturday, they said the United States would meet North Korea’s denuclearization “soon,” which Trump met in Singapore as part of a roundtable with world leaders.\nThe deal was brokered with a New York company and the backing of Saudi Arabia, Russia and the United Arab Emirates.\nInvestors appeared split on Trump’s moves, in part because of fears that a complete diplomatic solution would, while likely, be a long-term one that would remain undemocratic and distracting from other goals.\n“I will be extremely disappointed if he doesn’t take this to the summit,” said Yuval Levin, chief executive of publicly traded investment firm T. Rowe Price Group Inc, which manages about $1.7 trillion for clients across the world.\nMany other investors, including Japan’s Nippon Asset Management, are looking for ways to expand exposure to the summit and say they have bought shares in Jefferies, National Bank of Japan and Standard Chartered Bank.\nThe investors include hedge funds firm Pimco, Treasury Co, Asas Investments and Beijing Capital Management.\nRESOLUTION?\nTrump can still appeal to the broader Arab community, many of whom have criticized him for his refusal to meet nuclear nuclear deal-implementation deadlines set by U.N. member states, Trump’s critics said.\n“There is still the risk that this is going to be confirmed as in a military scenario,” Mideast analyst and author Ines Green told Reuters.\nTrump has said the only way to get a deal between Iran and North Korea is a reduction in nuclear, chemical and nuclear weapons production. The trio’s previous summit disappointed many who predicted a meeting with Kim Jong Un of North Korea.\nTrump, in an interview with Reuters, said the previous summit failed because “North Korea didn’t exactly let it happen.”\nHe has also said he’s open to a direct way for North Korea to denuclearize, like agreeing to North Korea’s easing of penalties for human rights violations.\nSome in the region have questioned whether Trump can win the support of the region’s other leaders to join them on the Mideast.\nKosovo, the smallest member of the Mideast grouping, has endorsed the United States’ decision to pull out of international sanctions against the Islamic republic.\n']

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http://www.reuters.com/article/us-usa-sec-clayton-idUSKBN1802O6

http://www.reuters.com/article/us-usa-sec-clayton-idUSKBN1802O6

Jay Clayton sworn in as chairman of the U.S. SEC

['Sarah N. Lynch']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['FILE PHOTO: New SEC Chairman Jay Clayton is sworn in as president of the U.S. Securities and Exchange Commission (SEC) following a swearing-in ceremony at the U.S. Capitol in Washington, January 31, 2015. REUTERS/Leah Millis/File Photo\n(Reuters) - Wall Street financier Jay Clayton, who was named SEC Chairman last month, will lead the agency on an advisory board charged with managing business clients’ investment and compliance needs.\nThe appointment of the chairman comes after Michael Steinberg led a group that developed the investment division Clayton chaired and which Wheeler Wheeler chaired.\nIn his new role, the person who would oversee the financial-services businesses will run their compliance team and will initially focus on activities outside of the agency’s core function, Clifford Chance LLP said in a statement.\nClayton will also serve as chairman of the SEC’s legal division and will hold a finance-services special committee, the Financial Industry Regulatory Authority said in a statement.\nThe board of the SEC’s external audit firm Deloitte LLP will also be tapped as its chief financial officer.\nThe SEC had a federal watchdog in its life and death since 1986 when it was set up as an independent body to manage Wall Street firms when the U.S. banking industry was dominated by Bank of America Corp. (BAC.N) and Citigroup Inc (C.N).\nClayton, a major Wall Street executive who rose to government service, was appointed by President Donald Trump during the aftermath of the financial crisis. He also served as U.S. treasury secretary under former President George W. Bush.\n']

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http://www.reuters.com/article/us-privatebancorp-m-a-cibc-idUSKBN1801DN

http://www.reuters.com/article/us-privatebancorp-m-a-cibc-idUSKBN1801DN

CIBC sweetens offer for PrivateBancorp with more cash

['Matt Scuffham']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['(Reuters) - PrivateBancorp Inc said it had won approval from shareholders to sell itself to a hostile takeover offer from Canada’s biggest bank that values it at about $1.3 billion.\nThe Canada Pension Plan Investment Board holds some $11 billion in Canadian securities, including 3.2 billion in government securities, as well as other commodities, while private banking venture Fairfax Financial Holdings owns an additional roughly 15 percent.\nThe companies have confirmed that privateBancorp’s board was retained as independent shareholders.\nCanada’s largest bank also said it has hired JPMorgan Chase & Co to advise it on an acquisition, though the deal faces regulatory and pricing challenges.\nPrivateBancorp said it would finance the deal with its own capital and existing external borrowing capacity to “maximize capitalization” and capitalized profits.\nThe changes will allow privateBancorp to operate as a government-backed entity, Treasury for “Government-owned and non-Governmental”, Bancorp spokeswoman Fabienne O’Neill said.\nThe new privateancorp will operate as a public bank under the Bank of Montreal, as well as a real estate subsidiary.\nPrivateBancorp shares fell as much as 23 percent in after-hours trading. After the close, they had gained about 15 percent since the takeover was announced.\nCFG, Canada’s largest retailer, has been divesting non-core assets as growth slows at its Canadian retail bank, as well as restating prior financial results. It is selling two divisions under private bank Canada & New England Bank in a cash deal that should generate an accretive result of about C$265 million ($222 million).\nFamilies that include the Mac’s Retirement and Workshops board and two Canadian private bank units together hold C$110 million worth of private bank assets, although they also hold C$2.2 billion worth of C$3.85 billion real estate.\nPrivateBancorp said it had received final approval of the sale on Jan. 1, and expects a formal cash and stock offering in the first quarter of 2021.\nThe deal follows C$1.6 billion of merger and acquisition cash the management team has put into private banking and supervisory services division.\nPrivateBancorp has a large national bank network of Ontario offices and other areas to handle higher-priced transaction related retail portfolios, but also provides services to financial institutions and municipalities.\nThe three parties to the deal have in the past agreed to swap assets and liabilities. Canadian Pension Plan Investment Board has announced that it will underwrite the deal at its discretion, though it declined to say how much.\nOttawa has tried to diversify its investment portfolio as part of its austerity drive, said Todd Orser, chief investment officer of the Canada Pension Plan Investment Board.\n“We are obviously looking to do a variety of activities. There are a variety of opportunities that we may initiate, but I think it’s not ideal for us to do much or incur significant fees because of our preferred character,” Orser said.\nPrivateBancorp’s other Canadian bank, Toronto-Dominion Bank, already includes private banking units, insurance and real estate, and may proceed further by reaching a definitive merger agreement with the Fairfax group.\n($1 = 1.1642 Canadian dollars)\n']

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http://www.reuters.com/article/us-france-election-macron-leaks-idUSKBN1812AZ

http://www.reuters.com/article/us-france-election-macron-leaks-idUSKBN1812AZ

French candidate Macron claims massive hack as emails leaked

['Eric Auchard and Bate Felix']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

["PARIS/BERLIN (Reuters) - French presidential candidate Emmanuel Macron said on Thursday night that his party’s widely reported Mayoral hack in December was a real business problem.\nMacron and the main opposition Socialist Party’s candidate in France's presidential election contest, Socialist Presidential Candidate Emmanuel Macron, reacts while arriving at the Elysee Palace in Paris, France, January 1, 2021. REUTERS/Jacky Naegelen\nThe telephone call from the Socialist Party appears to reveal a huge, not-so-secret role in that unmasking, which involves porting data of certain members to an server for automatic import.\nIt also allows “things that would otherwise never happen” to take place because of the potential for abuse, the candidate, Francois Fillon, told Reuters.\nThe fact that Macron had no previous investment in a server raised growing concerns about his independence and it fell to the Federal Office of Internal Economy to decide whether a legitimate company had broken French laws.\nFrance’s electoral commission, one of the most powerful bodies in the country, also looks into possible misuse of surveillance data.\nMacron’s campaign has taken issue with being criticised by rights groups who fear Macron’s operation underlines the difficulties of trying to become a majority leader of a French political party that has three candidates.\nHe is seen as France’s biggest threat to the centrist candidate, former economy minister Francois Fillon, who won 56 percent of the vote in last year’s presidential election, and the socialist candidate Bertrand Delanoë, who won about a third of votes in November’s vote.\nMacron’s campaign will press him to pass on his attack about alleged data theft at the primary, which got underway, to the early voting on Jan. 1.\nThe Internet security company Cambridge Analytica (www.craholted.com) has received dozens of complaints that, at first, a mailer or tweet was sent to users through a private email address.\n"]

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http://www.reuters.com/article/us-usa-pentagon-trumptower-idUSKBN1812B5

http://www.reuters.com/article/us-usa-pentagon-trumptower-idUSKBN1812B5

Pentagon to lease privately owned Trump Tower apartment for nuclear ’football’: letter

['Mark Hosenball and Phil Stewart']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON/NEW YORK (Reuters) - The Pentagon plans to rent apartments for its men and women in security at the American embassy in Beirut but will lease them out privately in the Trump Tower, officials said on Wednesday.\nFILE PHOTO: The headquarters of the U.S. Strategic Command is seen in this undated handout photo. U.S. Strategic Command/Handout via REUTERS\nWashington State Governor Jay Inslee said in a letter to President Donald Trump that the decision was part of the “mature negotiating process” between the Trump administration and his top regional security advisers.\n“Unfortunately, since Nov. 21, we have been unable to communicate our concerns,” Inslee wrote.\nThe State Department will not rent “positions or apartments,” such as the unit built at Trump Tower and an apartment that is available at the embassy building, Pentagon spokesman Lt. Col. Jonathan Greenert said.\nAt the embassy, Greenert said, “we will not rent units.”\nThe apartment rental is first reported by a source familiar with the case in Washington. If any other requests, the precise details of the lease will not be revealed. The U.S. embassy declined to comment.\nThe Observer of the Daily Stormer, a conservative website that operates in the United States, reported in September that the penthouse unit in the embassy was being used by Iranian forces.\nInslee said in his letter that he was “deeply concerned” by the embassy’s “relentless use of hostile fire,” with “unjustifiable consequences for our mission” and the loss of Iraqi and Afghan troops.\nHe has also complained about “range-of-cavity” rules “used by our administration to restrict our legal authority.”\nThe Washington Post reported that a source familiar with the matter told Reuters that the embassy was considering making this rental a condition of a detention deal.\nPentagon officials were first reported by the newspaper. The news website did not immediately respond to requests for comment from Washington state authorities.\nThe proposal, introduced to the State Department by a council on smart cities and city-oriented goals, would bring the Pentagon several units in another building in Baghdad and another roughly 10 units in Tehran, the al-Sahab news agency reported.\nGreenert said the United States would carefully consider any final decisions about the unit ownership. “We work very closely with various agencies in the country, including federal government, and government agencies as they work collaboratively to develop new programs or strategies,” he said.\nWashington-based real estate firm Great Oaks said it had been contacted by two parties with information relating to the lease.\n']

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http://www.reuters.com/article/us-police-texas-idUSKBN1812D0

http://www.reuters.com/article/us-police-texas-idUSKBN1812D0

Texas officer surrenders to face murder charge in shooting of teen

['Jon Herskovitz']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN ANTONIO (Reuters) - An officer-involved shooting in Texas that left a teenager dead and turned the gun on himself left a suspected killer hiding in jail, authorities said on Wednesday.\nJonathan Chan, 32, was arrested on Tuesday night after the shooting.\nOfficers found a loaded firearm at the scene of the Wednesday morning shooting, leaving the teenager with severe gunshot wounds to his abdomen and chest.\nThe bullet struck a court-appointed security guard in the torso, killing him.\nJonathan Chan was charged with first-degree murder, second-degree manslaughter and a year in prison. He told police his partner deployed a stun gun to allow the weapon to “keep the holster up,” according to authorities.\nThe shooting happened after a group of gun enthusiasts tried to break into the chapel during a Saturday mass at the Trinity Episcopal Church in San Antonio. Chan had previously worked in social security, a division under state authorities, and had been slated to become a retired law enforcement officer, San Antonio police spokesman Paul Garcia said.\nChan, who attended a prayer service when he was a teen, is black, a former member of the church’s choir and a registered sex offender, Garcia said.\nThe congregation said its prayers for Chan’s rescue. “It has been a rough journey for Jonathan. He was a good boy and so many times,” the Rev. Russell Moseley said at an interfaith service in the chapel.\nBut his behavior had a volatile nature that some fear may influence crimes committed by co-workers, Garcia said.\n“He was a poor kid who was a victim and did bad things. So you have to have a kind of a lack of concern,” Garcia said.\nGarcia said Chan appeared more than twice the age of its 15-year-old victim, which means he was eligible for probation. He has extensive tattoos on his hands and has no permanent address in Texas, he said.\nChan’s attorney did not immediately respond to a call seeking comment.\nSan Antonio police said they were still investigating whether there was a larger threat at the church.\n(This version of the story corrects that police fired at him, not Chan)\n']

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http://www.reuters.com/article/us-mideast-crisis-syria-idUSKBN1812BV

http://www.reuters.com/article/us-mideast-crisis-syria-idUSKBN1812BV

Syria fighting eases as Russian deal takes effect

['Lisa Barrington']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['Reuters Health - Violence over the past week in Syria has eased with a voluntary agreement in Geneva that military forces backed by Russia are back on the battlefield and talking.\nAt least 10 villages and towns were still besieged by the government in both Aleppo and parts of Idlib province in Idlib province, a U.N. official said. An opposition count of 20,000 rebel fighters opposed to the government had been confirmed, and governments have not yet assigned any deaths, the Syrian Observatory for Human Rights said on Monday.\nThe effort to end the fighting has been a key plank of an international plan that would end the war, but the U.N. Security Council has declared all foreign intervention must stop, and Washington has said it wants sanctions that would restrict investment from inside Syria.\nRussian Defence Minister Sergei Shoigu signaled the weapons transfers are eased because the government agreed to make direct international deliveries on Tuesday, raising expectations that Assad may carry out more raids. He said on Tuesday that the U.N. and other Western powers would encourage Russia and the other members of the coalition to move more quickly to take sides.\nJohn Ging, head of U.N. children’s office in Geneva, said the government ceasefire deals with the insurgency, still in its early stages, had eased the fighting and people’s suffering.\n“There are actually a lot of warring factions that are still fighting, but we are seeing new momentum of each other,” he said.\nSyrian troops evacuated a suburb of Homs last week, and launched a huge offensive towards the city earlier this month, Reuters is reported to have reported.\nAssad’s security forces have put off attacking against jihadists as they have expelled and buried some civilians, but the regime maintains that it is fighting rebels because of an insurgency over thousands of its own people, as well as non-proliferation and human rights concerns.\nEarlier on Monday, Russia announced that Moscow would lift a blockade of Syria’s main oil pipelines connecting Russia with Kazakhstan and Iran and improve cooperation with others in the region, saying the Kremlin had “one foot in the ‘non-starter’ and the other foot in the ‘faster machete.’”\nKomira Nasseri, a leader of the opposition Homs city council, was quoted by the Russian state news agency TASS as saying the blockade of routes 10 and 20 would reduce the amount of weapons flowing to Assad’s forces and help the rebels to defend the cities from their Islamic State rivals.\nShe said she had called on pro-government forces to cut off water, industrial water supply and power for weeks now.\n“The world needs to stop celebrating the killing of civilians,” she said.\nUNICEF, an aid agency with interests in Syria, would welcome Putin’s words, said Russian official Anton Gerashnik. “In a room with a glimmer of hope, this initiative will ensure that the victims of war can be included in the humanitarian aid drawdown plans,” he said.\nThe Russian plan eased a blockade of the vital Baathical oil and gas pipeline known as the Suez canal, involving around 1,200 deliveries a day, the United Nations said on Monday.\nRussia, which has spent decades backing Assad, has said U.N. talks on implementation of the Geneva Plan aimed at ending the war have failed to produce an outcome.\nThe Syria conflict has killed more than 80,000 people, displaced millions and destroyed swathes of the country.\nThe United Nations estimates about 200,000 civilians have been displaced in the conflict, including 200,000 from areas under rebel control in the north. Some 6,300 people have been killed in the past year, including civilians, the U.N. said on Sunday.\n(Reporting by Lisa Barrington; Editing by Lisa Shumaker)\n']

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http://www.reuters.com/article/us-peru-mining-strike-idUSKBN1812EU?il=0

http://www.reuters.com/article/us-peru-mining-strike-idUSKBN1812EU?il=0

Peru mine workers vote to approve June nationwide strike

['Teresa Cespedes and Marco Aquino']

01-01-2021

reuters.com

success_wayback

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["Peru's President Mary Barranco shakes hands with mining workers in Lima, Peru, January 1, 2018. REUTERS/Jesus Vichalu\nLIMA (Reuters) - International miners representing more than 270,000 Peruvian mines voted on Thursday to authorize a nationwide strike, issuing a rare strike in a move to end wages and pensions.\nUnions for Mexican-origin Mine Workers union members gave a unanimous yes vote at the four-day conference in Lima, which started on Thursday.\nThe pact requires the government to declare a nationwide strike later this month to avoid the risk of a civil war, if proper negotiations continue.\nThe strike launched as part of international labor talks, launched after Peru’s economy registered its worst year in decades and ending in recession.\nEarlier this week, the Philippines' country-owned Quilmes Mining Ltd (CCN) said it would cancel its planned exercise to raise copper production in response to rising costs.\n“A majority of our members voted to authorize strike,” President Mary Barranco told delegates at the union-organized meeting.\n“The election played a role in cleaning up our economy,” said Peruvian miner Lazaro Gonzalez, 56, who is missing salary payments.\nThe 29-member assembly’s decision means that workers would have to go to mediation to keep wages and pensions at the same level, which poor workers have long rejected.\nThe meeting ended without a resolution on this front, with Barranco naming various council members, military and a workers’ commission that will negotiate the issue.\nThe deal was struck after more than two months of talks that took five months to negotiate.\nLabor disputes have been running high, mostly over the price of copper. Labor organizations have blocked wage hikes proposed by the government in consultation with world copper miners over the last five years.\nIn April, Quilmes and Peru’s Mining Machinery Employers Association came out with an proposal that would allow miners to choose production or overtime for the first time.\nSlideshow (2 Images)\nThat prompted Quilmes’ unions to post a video of themselves in a Chile miner’s labor force complaining about job security after they were fired on wages and benefits.\nThe strike, which took place after Venezuela’s President Nicolas Maduro faced leftist opposition leaders from Venezuela and Peru, is seen as a test of labor unity. The meeting will be held once it concludes, Barranco said.\nIn January 2015, the Lima-based union said it was ready to start talks over setting up a workers' council to impose a salary hike within a year to help it create an “economic reality”. But miners pushed back with protests.\n"]

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http://www.reuters.com/article/us-mideast-crisis-iraq-mosul-idUSKBN181126?il=0

http://www.reuters.com/article/us-mideast-crisis-iraq-mosul-idUSKBN181126?il=0

Iraqi forces gain foothold in northwest Mosul after surprise new push

['Isabel Coles']

01-01-2021

reuters.com

success_wayback

gen

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['ISLAMABAD (Reuters) - Iraqi forces advanced on Tuesday to a frontier city known for its 30-km mark of arid terrain and a scenic riverbed for the main battles with Islamic State militants, capturing a key trading point and a fort the militants were likely to use to store supplies in the coming weeks.\nThe recapture of Dhark had fallen short in Mosul, where more than 5,000 civilians fled during last month’s ferocious battle with insurgents. Some hope that the al Qaeda branch in Iraq, known as Daesh, will ease its hold on the strategically important Islamic State bastion.\nBut Iraqi officials acknowledged the defeat to Islamic State on Monday, saying insurgents had taken the last strongholds among the four main pockets in Mosul, including a third, the Shaheed Bin Allah, that is believed to hold 250 km of ruggedly rough ground.\nIslamic State officially maintained control of the streets of the streets of Mautha in the western province of Hashemi Markah but heeding a ceasefire in the Sadr Valley, one of two other districts on the last border with Iraq, the militants made last month’s reinforcements.\nThe highway to the central city of Basra, known as the Euphrates River, through which it connects with Mosul has been deserted by the militants, who have held it since 2014. Iraqi military and intelligence officials say the central government controls the flow of the flow.\nIraqi forces also captured one of their main strategic oilfields, the Ghazni field, on Monday, as well as a fishing village near the city centre, officials said.\nThe United Nations expects some 3.5 million civilians to have been driven from Mosul by fighting since August, with about two million civilians affected.\nThe Islamic State is an al Qaeda-affiliated group that has been in control of swathes of Iraq and neighbouring Syria since it seized the country’s second city Mosul in August 2015.\nA press release in Kabul on Tuesday said Islamic State had captured the district of Darya, the only town still under its control. It cited local residents as saying they had seen a drop in fighters travelling from the surrounding districts.\nThe U.N. Resident and Human Rights Commissioner in Iraq, Inaib Ahmadi, said she was observing the territory being held by Islamic State, “which is a strategic road and not a military operation”.\n']

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http://www.reuters.com/article/us-usa-mexico-chapo-idUSKBN1811VR?il=0

http://www.reuters.com/article/us-usa-mexico-chapo-idUSKBN1811VR?il=0

Mexican drug lord ’El Chapo’ gets April 2018 U.S. trial date

['Brendan Pierson']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['SAN DIEGO, Jan 1 (Reuters) - U.S. drug-trafficking leader Joaquin “El Chapo” Guzman is set to face a U.S. federal judge in El Paso, Texas, on Monday for a Jan. 31, 2018, trial date, The Wall Street Journal reported on Sunday.\nThere is not a clear indication which judge U.S. District Judge Robert H. Riley could rule on Guzman’s original February trial date, nor where it will take place. Guzman’s lawyers on Friday asked the federal judge to set a March 17, 2018 hearing and sentencing to begin for the defendant, who has twice in recent weeks escaped from a maximum-security prison in Mexico.\nLawyers for Guzman, who has been serving his 35-year sentence in U.S. Federal Prison in El Paso, Texas, have said they were proceeding fairly. Guzman appeared stunned and silent as he left a federal courthouse in the Mexican city of San Diego on Sunday.\nU.S. federal prosecutors have asked a federal judge to set a Jan. 31, 2018 trial date to cap Guzman’s international comeback.\nCrown attorney Derek Henry told The Journal in a telephone interview that he wants the March 16, 2018 hearing to take place sooner, and that Lopez Laveitia Ferrer’s March 9, 2018, sentencing hearing would be just that.\nFederrer, who also is Guzman’s defense attorney, is scheduled to get a new trial scheduled for the same day, H.L. Martinez said.\nRobert Holmes, who will represent Lopez Laveitia Ferrer, told the Journal that his client is a long-standing member of Guzman’s gang in southern Mexico and that he has known Guzman since before he had entered the U.S. to become a drug lord.\nBut he said he, Ferrer and other gang members and other government figures have denied involvement in killings.\nMeghan Kurison, the federal assistant attorney general for the Southern District of Texas, said at the court’s sentencing hearing on Friday that she believed Mexican officials believed Guzman was being held in Ciudad Juarez and that a new trial would be possible for his attempt to escape.\n']

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http://www.reuters.com/article/us-usa-saudi-arms-exclusive-idUSKBN18124K?il=0

http://www.reuters.com/article/us-usa-saudi-arms-exclusive-idUSKBN18124K?il=0

Exclusive: Saudi Arabia, U.S. in talks on billions in arms sales - U.S. sources

['Mike Stone']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - Saudi Arabia and the United States are in advanced talks on a deal worth $1.6 billion to buy a record $1.6 billion of weapons and ammunition, a U.S. government official said on Wednesday, as Saudi Arabia acknowledged their influence in global arms trade.\nFILE PHOTO: A Saudi Arabian policeman checks out a container displaying Syrian munitions in Sousse, Tunisia January 4, 2017. REUTERS/Stringer/File Photo\nThe official declined to be named because the talks are private.\nU.S. government officials and industry leaders have long viewed Saudi Arabia as the central player in global arms trade, a major strategic partner for the Middle East, although major arms deals have been limited by presidential disagreements.\nSaudi Arabia’s Information Ministry said late on Wednesday it had agreed with U.S. officials to resume talks over its arms purchase with the United States.\n“Saudi Arabia, after several years of inactivity, is finally taking steps to increase the supply chain to the United States,” Ira Kaufman, a Middle East consultant for Citi’s Worldwide Security Plan, told Reuters.\nKing Abdullah’s government has received billions of dollars in arms from the United States, but controls little other than land, sea and air assets.\nMyanmar, Uzbekistan, Turkey, Kuwait, Oman, Qatar, and Malaysia are among the countries that have part of a $25 billion U.S. military contract for aviation combat vehicles.\nThe Gulf Cooperation Council (GCC) is a rotating alliance, developed in the 1970s, that will develop military alliances among 20 Gulf member states.\nOn Monday, the GCC agreed to deepen a deeper relationship with Saudi Arabia.\nU.S. lawmakers have said they expect Riyadh to seek closer ties with the U.S. because of its role in NATO, but the defense industry supports Riyadh’s position that U.S. role is strategic.\nSaudi Arabia and the United States maintain a strategic relationship, with Washington seeking to be more welcoming to Saudi companies that undercut its own interests and are above competition.\nThe U.S. and Saudi officials said they were discussing cooperation on projects that could see $300 billion in such transactions, less than half the total value of the United States arms sales in the last decade.\n']

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http://www.reuters.com/article/us-usa-extremism-idUSKBN1812AN?il=0

http://www.reuters.com/article/us-usa-extremism-idUSKBN1812AN?il=0

Exclusive: Trump counterterrorism strategy urges allies to do more

['Jonathan Landay and Warren Strobel']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['WASHINGTON (Reuters) - President Donald Trump is urging allies to do more to oversee funding for the government and to redouble their efforts to vet potential domestic terrorists.\nSeparately, Trump’s administration has outlined a challenge facing most governments. Before he can veto a spending bill to replenish an already depleted Pentagon, it must act on behalf of a growing number of nations that face significant strains on budget support and capability.\n“We’re seeking a be more proactive approach that pushes forward. We’re not satisfied until there’s access for everybody,” said Walter Kolber, U.S. National Security Council assistant secretary.\nWhat Trump has called a “bipartisan effort” to balance the budget, including more funding for border security and homeland security, has been contained.\nHe also has targeted the influence of foreign governments and particularly members of Congress on foreign policy issues, pressing President Barack Obama for a “robust defense strategy,” before handing it to Trump, Kolber said.\nTo do all that, Trump is trying to shift the focus to the defense budget.\nWhen Obama, a Democrat, took office in 2009, defense spending was projected to fall 2 percent annually from 2009 to 2022, according to the Pentagon budget summary, but only for short-term tasks like replenishing the Navy and boosting a planned inventory of missiles that can defend big oil facilities in North Africa.\nA year later, Trump instituted a promise to create a “national security team” to “degrade and destroy North Korea’s nuclear and ballistic missile program,” making him the first president since 1887 to “put on permanent display” his commitment to make the country “more secure,” Kyl said.\nInitially, the prime program was aimed at cutting aircraft and other acquisition of F-35 fighter planes, the more advanced of the three major aircraft options for American fighters and F-22s. The Air Force is also counting on additional missiles and nuclear warheads from Russia, Canada and the United Arab Emirates.\nWarships might then be sent by aircraft or submarines into the Pacific. A sophisticated spy satellite receiver system on a Boeing 737 would also be needed.\nThe White House has proposed rethinking the Army mission in which it was engaged in Iraq in 2007 and again in Afghanistan in 2008.\nKolber said Trump wants to make the Army warplane effort a priority, but conceded the numbers are ambitious. “The battle is waged by men and women and warplanes, boots on the ground,” he said.\nThe United States is investing $7 billion annually in its 24 “assets” on the battlefield, including more than 200 Marines and an estimated 4,000 advisers, according to Pentagon figures.\nThe U.S. Air Force, meanwhile, paid $11.4 billion in just the last fiscal year, according to Pentagon figures. The Air Force is spending about $3.6 billion to deal with damage to aircraft.\n(The story corrects to mention reviews “excellent” and “vital” in paragraph 4; adds cabinet member paragraph 4)\n']

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http://www.reuters.com/article/us-uber-tech-crime-idUSKBN1812F7?il=0

http://www.reuters.com/article/us-uber-tech-crime-idUSKBN1812F7?il=0

Portland, Oregon to demand controversial Uber software tool

['Dan Levine and Joseph Menn']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['LAKEVIEW, Oregon (Reuters) - Companies on the fast-growing hillside of Northwest Portland, Oregon, are hoping to crack down on an unusual use of cloud-based artificial intelligence technology by taking on the world’s third largest passenger transportation company.\nThis is what Portland Transportation Commissioner Daniel Hernandez said on Wednesday when the Portland initiative - “Salvatore” - was unveiled.\nAmazon .TO, Lyft , Alphabet’s <GOOGL.O> Google parent Alphabet Inc (GOOGL.O), Uber (VOOG.O) and other Internet companies will use LITE in urban Portland because there are many different platforms and costs that are at odds.\nHernandez said technology developed by Portland Metro Metro and companies like LITE, and initially was developed by Seattle-based Elemental Technologies Inc.\n“Portland is a fairly unusual neighborhood,” Hernandez said. “There are a lot of taxis and buses in here and people are going to be paying $4 a ride. They just want a safe ride to get around.”\nPortland’s $5.7 billion transportation system is powered by open skies, air-supplied by $5.2 billion, so almost all of the city’s investments are being spent locally, said Mayor Sam Adams, vice president of Seattle-based CompuServe’s transportation division.\nSeattle’s air-supplied backbone accounts for most of Portland’s $1.3 billion transportation investment and as a result, drivers make between $25 and $30 an hour, especially commuters, who must travel from out of town, said Jared Back.\nHEAVY TALK\nPortland, which has undergone a radical transformation since a seven-year-old ride-sharing startup was founded, has moved a focus from ticketing to additional services to drive its transformation. One company, LITE, now supports a comprehensive, fleet of permanent vehicles - typically taxis, limousines and minibuses - in the city’s major cities, in part because of the computing and augmented reality technology that enveloped its vision.\nThe pilot project was initially funded with private funding. After that, Portland’s new transit board agreed to put in $1 million toward the project and funding, but backed out in response to long delays of the last six months, said Doris Donnelly, director of planning for the Board of Transportation, which oversees Portland’s transportation system.\nRight now, Portland uses a lot of parking garages, an inefficient way of reaching the public because it is only accessible by public spaces, she said.\n“I don’t know if it can handle that kind of parking,” she said.\nA light rail line will be built in the center of Portland, but the train as a transit system will initially only run through downtown, instead of the city center.\nPortland will be able to access the gas market at the Multnomah County Convention Center, said Outliers group vice president Ben DeFranco. The ride-sharing app is now based at Portland City Hall, the same facility used by other rail stations in the city, he said.\nPortland often views transit as an asset to Portland residents but LITE will be able to provide transportation that is more integrated and using the resources of residents rather than the huge government subsidies, Handley said.\n“It’s an asset they have,” Handley said. “It’s just a lower-cost option for people who live in these different neighborhoods.”\n']

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http://www.reuters.com/article/us-iran-election-debate-idUSKBN1811BV?il=0

http://www.reuters.com/article/us-iran-election-debate-idUSKBN1811BV?il=0

Hardline foes of Iran’s Rouhani rap lack of payoff from nuclear deal

['Parisa Hafezi']

01-01-2021

reuters.com

success_wayback

gen

[0.949999988079071]

['DUBAI (Reuters) - Iran’s hardline factions rejected Iranian President Hassan Rouhani’s demands on Wednesday for a deal to keep open the door for negotiation with world powers over its nuclear program, describing him as a “sensation”.\nU.S. President Donald Trump rejected a second round of U.S. sanctions relief on Wednesday, for now targeting Tehran as he deals with his administration’s new administration after the November election that brought a pro-Western president to office.\nIran says its nuclear program is for peaceful purposes. It aims to develop reactors that could then be used to produce enriched uranium for bombs.\nThe fresh freeze, as scheduled as to what steps the United States and other world powers can take to keep Tehran from making weapons, mirrors talk of patience and concern that the only way Iran can achieve success in a military confrontation with the United States is by enriching its own uranium.\nBut Rouhani was clearly frustrated with the attempt to revamp the deal to please the West and the hopes of business and reform-minded Iranian men.\nIn a defiant speech to a national assembly, the Farsi-language upper house of parliament, which falls under Rouhani’s purview, said Rouhani will need a fresh approach to the nuclear talks by the end of next week, accepting the formal deal and recognizing his government has a chance of returning to the negotiating table.\nShahram Mandokhtiar, a senior executive at World Bank, told Reuters on condition of anonymity that the one-sided deal was at odds with the foundation of Rouhani’s rule.\n“This agreement, backed by the huge support of Iran’s neighbors, keeps those in power in place,” Mandokhtiar said, “so one can argue for patience or mention historic conditions.”\nIMPLEMENTATION IN THE MIDDLE\nRouhani, 74, was elected president in a landslide in November and his new political party won election almost immediately. For now, the agreement expires March 1 and could be reversed or altered at any time.\nThe deal, which included measures geared at preventing Iran from acquiring a nuclear weapon, will pave the way for Iran to begin enrichment of uranium abroad.\nEconomists say it would make Iran more competitive against rivals such as Russia, Turkey and China for exports of enriched uranium.\n“This is a new agreement for Rouhani, the Iranian president, that’s consistent with many aspects of the previous deal,” said Samir Shalla, Iran analyst with Bloomberg News.\nThere was little sign that nuclear concessions from Iran were being challenged in court and settlements with the West were more complex, Shalla said.\n“The fuel rods are kept outside the country, their connection to the outside world is still not clear, and it will remain unchanged”, he said.\nShalla, however, said the January agreement may be difficult to read.\n“This is a body that is very, very hard-line and very sensitive to Rouhani’s wishes. The second part is really something that really won’t help,” he said.\nLast week, a defiant Khamenei said his successor should take “academy” and act like a responsible and independent president.\nOn Wednesday, he reiterated that Khamenei is more in favor of his successor’s decisions than those of Trump. The next person in power is expected to be announced in coming weeks.\nSlideshow (2 Images)\nInternational experts say optimism on the talks is fading, and Trump’s surprise defeat is still being felt in Washington and in the world.\n“The thing that is more noteworthy is that Khamenei is doing all the work. President Rouhani is doing the work,” said Josh Eide, a Senior U.S. State Department official.\nIranian billionaires including tycoon Sheldon Adelson said on Tuesday they saw no motivation in the agreement to renegotiate, with WME setting up a lobbying operation and news agencies and Bloomberg reporting Tehran’s highest-paid employee, a billionaire-turned-independent member of the Islamic Revolutionary Guard Corps, was seen as an “influential” candidate to help.\n']

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