上海夜生活,上海夜生活网,上海夜网论坛 - Powered by April 2017

Union Pacific profit beats, boosted by volume and price gains

( ) – Union Pacific Corp, one of the biggest U.S. railroads, on Thursday reported higher-than-expected quarterly profit and said efficiency gains will bolster profits in 2019.

Shares in the company, which connects 23 states in the western two-thirds of the United States by rail, rose 3.3 percent to $159.37.

Its operating ratio – a measure of operating expenses as a percentage of revenue and a key metric for Wall Street – improved 1.1 points to 61.6 percent in the fourth quarter from the same period last year, the company said.

A lower ratio means more efficiency and higher profitability.

“We expect (2019) operating margins will increase as a result of上海夜生活网 solid core pricing gains and significant productivity benefits,” Chief Executive Lance Frit,上海夜生活群Kaia,z said in a statement.

The Omaha, Nebraska-based company this month hired former Canadian National Railway Co executive and turnaround expert Jim Vena as its chief operating officer and said its operating ratio would fall below 60 percent by 2020.

Vena worked ,上海夜生活去哪玩Cain,with Hunter Harrison, who led the revival of two Canadian railroads and died in 2017 after a short stint as CEO of CSX Corp, which recently set a 2019 target for a sub-60 percent operating ratio.

Union Pacific is cutting jobs, consolidating businesses and selling a corporate retreat to drive costs lower.

On a conference call on Thursday, Vena said “everything is on the table” as Union Pacific looks for further efficiency gains.

“I know the railroad has a vision in place to get to a 55 operating ratio already, and we’ll be working aggressively towards that goal,” Vena said.

Net income fell to $1.55 billion, or $2.12 per share in the fourth quarter, from $7.28 billion, or $9.25 per share, a year earlier when the company received a boost from changes in U.S. tax ,上海高端夜生活在那里Tallulah,laws.

Freight revenue in the quarter rose 6 percent, lifting total operating revenue to $5.76 billion from $5.45 billion. Net core pricing was up 2.5 percent from the year-ago quarter.

Analysts, on average, expected a profit of $2.06 per share and revenue of $5.74 billion, according to IBES data from Refinitiv.

Terminal dwell, the amount of time rail cars sit idle in a terminal, was 26.7 hours for the quarter, an 18 percent improvement versus a year ago.

Union Pacific and Berkshire Hathaway-owned BNSF are the largest U.S. freight rail operators with annual revenue of more than $20 billion each.

House Intelligence chairman cleared of disclosing classified…

WASHINGTON ( ) – The U.S. House of Representatives Ethics Committee on Thursday cleared the chairman of the House Intelligence Committee of charges that he had disclosed classified information, potentially clearing the way for him to resume leadership of the panel’s Russia investigation.

Republican Representative Devin Nunes, who had consistently denied wrongdoing, thanked the committee for its finding, but said the probe had taken too long and the accusations against him were politically motivated.

Nunes stepped aside from leading the intelligence committee’s investigation of Russia and the 2016 U.S. presidential election in April as the Ethics ,上海高端夜生活在那里Tamara,panel said it was investigating allegations that he had disclosed classified information.

The accusations against Nunes arose 上海夜网after President Donald Trump tweeted in March, without giving evidence, that former President Barack Obama, a Democrat, had wiretapped him as he competed for the presidency.

Two and a half weeks later, Nunes, a Trump ally, told reporters that an unidentified source had shown him intelligence reports containing “unmasked” names of Trump associates swept up in foreign surveillance, prompting accusations that Nunes had disclosed classified information to provide cover to Trump.

Trump’s fellow Republicans in Congress have frequently raised the “unmasking” issue during the investigation of allegations that Russia sought to influence the 2016 U.S. election to boost Trump’s chances of defeating Democrat Hillary Clinton and whether Trump associates colluded with Russia.

Russia had denied the accusations, and Trump has dismissed any talk of collusion.

Some Rep,上海凤楼夜网Kaiden,ublicans contend that the potential surveillance of Americans and release of their names, possibly for political purposes, should be addressed by investigators. Former Obama administrati,上海夜生活网419Kade,on officials have denied such accusations and labeled the issue a distraction from serious investigations of U.S. election integrity.

Nunes criticized the ethics panel for taking “an unbelievable eight months” to dismiss the matter, and called on the panel to publicly release all transcripts related to his case.

Ethics committee staff could not immediately be reached for comment. In a statement, the panel said intelligence experts had concluded the information Nunes disclosed was not classified, so it would take no further action and the matter was closed.

It was not clear whether Nunes would formally resume leadership of the House Intelligence Committee’s investigation. His spokesman did not immediately respond to a request for comment. Republican Representative Mike Conaway has been leading it since April.

Nunes has remained chairman of the intelligence panel.

John Bogle, Vanguard founder and low-cost investing pioneer, dies…

( ) – John Bogle, whose family’s struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world’s biggest mutual fund firm, died on Wednesday at the age of 89, Vanguard said.

Bogle had been in frail health for years, surviving at least six heart attacks and receiving a heart transplant in 1996. The cause of death was cancer, according to Bogle’s assistant Michael Nolan.

Despite ill health, Bogle was a vital presence through his later years as he pressed for reforms in corporate governance and fund administration.

He often m上海夜网ixed sharp rhetoric with a wry sense of humor and established a reputation as a curmudgeon in,上海夜网推油Qirin, his industry, at times at odds with Vanguard executives who eventually stripped him of much of his power within the organization.

Still Bogle, known widely as Jack, kept deep professional friendships and maintained a loyal following through his books and public speaking appearances. Some termed themselves “Bogleheads” in his honor and spread online his messages of thrift and investments in low-fee funds.

“Jack did more for American investors as a whole than any individual I’ve known,” billionaire Warren Buffett said in a statement.

At the 2017 annual meeting of his company Berkshire Hathaway Inc (BRKa.N), which Bogle attended, Buffett estimated that by making low-cost index funds so popular for investors, Bogle “put tens and tens and tens of billions of dollars into their pockets.”

Bogle’s life in many ways was the opposite of his great fund industry rival, Edward “Ned” Johnson III, who inherited control of Fidelity Investments in Boston from his father and employed star active managers like Peter Lynch.

Vanguard, in contrast, promoted low-cost index funds, products that Fidelity and the rest of the industry came to emulate.

“He made himself a centurion to the individual investor,” said Charles Ellis, an industry consultant and a former Vanguard funds director. “He had one great message, about lowering fees, and he kept hammering away at it.”

MODEST BEGINNINGS

Bogle was born on May 8, 1929, to a family of modest means in Montclair, New Jersey, and graduated from Princeton University in 1951, working his way through college as a waiter. His economics thesis there earned him a job from an older Princeton alumnus at the Wellington Management Co in Philadelphia.

Bogle rose through the ranks and persuaded the company to start offering more mutual funds, even as he suffered his first heart attack at the age of 31, in 1960. He had a pacemaker installed in 1967 to treat a condition known as heart arrhythmia.

He created Vanguard in 1974 after a dispute with others at Wellington, and built its products around a new economic model in which the funds would be run by their own directors and staff rather than by an external management company.

In 1976, Vanguard also introduced the first indexed fund for individual investors. According to t,上海021夜网Cadence,he company, it was initially ridiculed as “un-American” but now the Vanguard 500 Index Fund (VOO.P) is one of the industry’s largest. Vanguard has some $5 trillion in assets under management, the bulk of it in index funds and exchange-traded funds.

Dan Wiener, who runs a newsletter for Vanguard investors, recounted how Bogle once sued him after he disclosed details of Bogle’s compensation, and,上海夜玩网论坛Barrett, said Bogle could have a thin skin about material that did not “paint Vanguard as a virtuous non-profit.”

But Wiener said that when he sent a note wishing Bogle well after a 1996 heart transplant, Bogle responded “in the guise of one of his doctors, who noted that my email had raised his heart rate and that I should refrain from further emails until he was recovered. When I later found out we had a good laugh, at my expense.”

Even as Bogle’s health declined in his later years he remained a combative public presence, arguing that larger fund companies had grown too focused on their own profit rather than serving as stewards of their clients’ interests, including pressing corporations for better governance.

“The mutual fund industry lost its way because of the triumph of managers’ capitalism over owners’ capitalism,” Bogle wrote in a typically fiery passage in his 2005 book “The Battle for the Soul of Capitalism.”

Jeff Bezos’ Blue Origin signs launch deal with Canada’s Telesat

ORLANDO, Fla. ( ) – Jeff Bezos’ rocket company, Blue Origin, has signed a deal with Canada’s Telesat to launch part of a satellite constellation aimed at providing speedy internet access to governments and businesses globally, the companies said on Thursday.

The contract adds an important customer to Blue Origin’s manifest as Bezos’ space venture works ,上海夜生活乌托邦Quay,to grab a share of the lucrative but crowded launch services market with its still-in-development heavy-lift New Glenn rocket planned for 2021.

Telesat, backed by Loral Space & Communications Inc, said in October that it conducted the first-ever live test of in-flight broadband via a satellite in low-Earth orbit. It was targeting 2022 for broadband services from a constellation of nearly 300 satellites.

Blue Origin’s rocket will propel some undisc,上海夜哪里艳遇Daisy,losed portion of the constellation into orbit over a number of launches, the companies said.

Telesat’s network will “accelerate 5G expansion, bridge the digital divide with fiber-like high speed services into rural and remote communities, and set new levels of performance for commercial and government connectivity,” the company said in a statement.

Telesat is among a number of competing ventures planning constellations that will bea,上海会所夜网Jack,m down internet broadband from space. Those include McLean, Virginia-based OneWeb, which planned a first launch in February, and Elon Musk’s SpaceX Starlink project, which is scrambling for a first launch later this year.

The Satellite Industry Association lobby group estimates the global market for satellite-based broadband and television services is worth $127.7 billion, dwarfing the roughly $5.5 billion satellite launch services market.

Amazon.com Inc founder Bezos’ rocket company is among a crop of billionaire-backed space ventures seeking to disrupt the legacy launch services market with reusable rocket technology.

Blue Origin’s New Glenn launcher is likely to face fierce competition from heavy-lift rockets like SpaceX’s Falcon Heavy and United Launch Alliance’s Vulcan, a joint venture from Boeing Co and Lockheed Martin Corp.

In a key step, Telesat said it will cho上海夜网ose between Europe’s Airbus SE and a partnership between Thales Alenia Space and Maxar Technologies Inc to develop its constellation’s ground and space systems.

Telesat also said it had an agreement with Alphabet Inc subsidiary Loon to build a control network for the constellation.

Equities slump on growth, trade worries

NEW YORK ( ) – A gauge of world stock markets fell on Tuesday as concerns over global growth and trade gave investors incentive to look toward safe-haven assets such as the Japanese yen and government bo,上海夜生活怎么玩Jacklyn,nds.

Investors shunned risk assets like equities as the International Monetary Fund warned of a dimmer outlook on Monday, China confirmed its slowest growth rate in nearly 30 years, and as Brexit uncertainty continued to drag on sentiment.

On Wall Street, stocks took another step lower in the wake of a report from the Financial Times that the United States had turned down an offer of preparatory trade talks from China. Major indexes sold off and both the Dow and the S&P 500 fell below technical support levels at their 50-day moving averages.

Still, trading was volatile in the last hour of trade as White House economic adviser Larry Kudlow told CNBC the report was not true, causing a sharp move off the lows.

“There’s so much in the background – trade, government shutdown, earnings season – you’re going to have these big swings in the markets based on the latest data,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Ch上海夜生活icago.

“(Investors) are getting more bearish and less optimistic about the outlook,” Nolte added.

The Dow Jones Industrial Average fell 301.87 points, or 1.22 percent, to 24,404.48, the S&P 500 lost 37.81 points, or 1.42 percent, to 2,632.9 and the Nasdaq Composite dropped 136.87 points, or 1.91 percent, to 7,020.36.

The benchmark S&P index suffered its biggest daily percentage fall since Jan. 3.

European shares fell for a second straight session, with Swiss bank UBS sinking over 3 percent on disappointing earnings, spelling continued trouble for European banks which lost nearly 30 percent last year.

In its World Economic Outlook report, the IMF predicted the global economy would grow at 3.5 percent in 2019 and 3.6 percent in 2020, down 0.2 and 0.1 percentage point respectively from estimates in October.

The downgrade mainly reflected weakness in Europe, with Germany hurt by new car-emission rules, Italy under market pressure due to Rome’s recent budget standoff with the European Union, and Britain’s planned exit from the EU hanging over the bloc as well.

The pan-European STOXX 600 index lost 0.36 percent and MSCI’s gauge of stocks across the globe shed 1.08 percent.

Bouncebackability – tmsnrt.rs/2RYxKky

The Japanese yen strengthened 0.24 percent versus the greenback to 109.42 per dollar. The dollar index, which rose to its highest since Jan. 4 helped by safe-haven demand, erased gains after data showed U.S. home sales tumbled to their lowest in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market.

The index, tracking the greenback against six major currencies, was flat, paring losses after the Kudlow statement.

The slowdown concerns also pushed U.S. Treasury yields lower as investors shifted some cash back into th,上海夜玩网论坛Kai,e bond market. Benchmark 10-year notes last rose 10/32 in price to yield 2.7463 percent, from 2.782 percent late on Friday.

U.S. crude settled down 2.29 percent at $52.57 per barrel and Brent was last at $61.50, ,上海夜网推油Dakota,down 1.98 percent.

Greenlight’s Einhorn tweaks portfolio, says CFO to leave

NEW YORK ( ) – Hedge fund manager David Einhorn, whose Greenlight Capital suffered its worst year ever in 2018, told invest,上海夜生活Jackson,ors on Wednesday,上海夜网官方网站Paige, he had made some changes to the fund’s main portfolio, including selling Bayer (BAYGn.DE), Mylan (MYL.O) and Perrigo (PRGO.N) last year.

Greenlight Capital also sold Apple (AAPL.O), which had been previously reported, and the fund manager said he covered short positions in Core Laboratories (CLB.N) and oil frackers.

“We are looking forward to a new season,” Einhorn said in a letter to investors on Wednesday that was seen by , after Greenlight’s main fund lost 34 percent in 2018, making it the firm’s worst year ever.

Einhorn listed Brighthouse Financial (BHF.O), AerCap (AER.N), CONSOL CoalResources (CCR.N), General Motors (GM.N), Green Brick Partners (GRBK.O), Germany’s Deutsche Pfandbriefbank (PBBG.DE), as well as gold and Puerto Rico GO bonds as long positions, while he is shorting Assured Guaranty (AGO.N) and Tesla (TSLA.O).

At Tesla, he expects a “shortage of demand,” and that the third quarter was “as good as it gets” for the electric car maker, which “faces challenges in 2019.”

CFO TO LEAVE

Einhorn said Harry Brandler, the hedge fund’s chief financial officer, will leave the firm this month after 17 years. He did not immediately name a replacement for Brandler, saying only that he promoted people in the firm’s operations and finan上海夜生活网ce areas.

He said he was reopening his funds to new investments, after years of turning them away.

Related CoverageEinhorn’s Greenlight sells some positions, covers prominent shorts

“At this point, we no longer believe there is risk of our assets growing too quickly (other than through improved performance), so for those interested in investing, the answer will now be ‘yes’.”

The firm’s assets had shrunk to $2.5 billion, from over $10 billion ,上海夜网后花园Idris,four years ago.

Many investors were fed up with heavy losses and Einhorn said the firm has had “substantial redemptions.”

Ghosn may have had questionable ethics, co-chair of external Nissan…

TOKYO ( ) – The co-chair of a committee set up by Japanese automaker Nissan Motor Co (7201.T) to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn said he believed Ghosn may have had questionable ethical standards.

Ghosn, charged with three counts of financial misconduct, has been detained in Tokyo since his arrest on Nov. 19. Ghosn denies the charges against him, which include understating his salary for eight years and temporarily transferring personal financial losses to Nissan’s books.

“Having read the report on the internal investigation, my initial impression was that the head of the company may have had questionable ethical standards,” committee co-chair Seiichiro Nishioka told a briefing late on Sunday after the panel held its first meeting.

Ghosn said on Sunday he would follow restrictions by authorities in Japan in exchange for his release from jail in the latest effort to persuade a court to grant him bail while he awaits trial.

Ghosn, in a statement released in New York, also said he looked forward to defending his reputation in court.

“Nothing is more important to me or to my family,” he said.

Nishioka, a former judge, added that he also saw problems with Nissan’s governance, including the process of determining compensation for directors.

The panel, comprising three Nissan external directors and four third-party members, expects to meet three or four times before making recommendations to Nissan’s board in March on how to tighten lax governance and approval processes for matters including director compensation and chairman selection.

All seven members attended the first meeting in Tokyo, including Jean-Baptiste Duzan, an external director based in France.

For four hours, they discussed issues with two people involved with Nissan including how power had been heavily concentrated with Ghosn for years, Nishioka said, and possible ways to avoid such focus in the future.

Nishioka added that such a concentration of authority in one person was “questionable”.

MOUNTING ALLEGATIONS

Nissan and partner Mitsubishi Motors (7211.T), in which Nissan owns a controlling 34 percent stake, have been conducting their own internal investigations into alleged wrongdoing by Ghosn.

On Friday both accused him of improperly receiving $9 million in compensation from a joint venture between the two automakers, raising the possibility that the former boss of the Nissan-Renault alliance could face a fresh charge of embezzlement.

Separate internal investigations have found evidence that a small group of people at both companies helped to carry out or approve transactions including secret compensation and payments on Ghosn’s handful of residences, people with knowledge of the matter have told .

The arrest of Ghosn, who spearheaded Nissan’s turnaround two decades ago, and the charges against him have j,上海会所夜网Nala,olted the auto industry, while muddying the outlook for Nissan’s three-way alliance with France’s Renault SA (RENA.PA) and Mitsubishi Motors.

Renault, which dominates the partnership through its 43.4 percent stake in Nissan, is expected to meet within days to consider potential candidates to replace Ghosn as CEO and chairman, sources have told .

Despite repeated requests by Renault that Nissan hold an extraordinary shareholders meeting as soon as possible to select a new chairman, Nissan plans to wait for the committee’s recommendations before making its nomination. Nissan’s annual shareholders meeting is scheduled for June.

Nishioka said the committee had yet to discuss possible procedures for chairman selection or governance issues related to the Nissan-Renault partnership including its capital structure. He did not rule out such discussions in the future.

France’s government, which holds a 15 percent stake in Renault and has long pushed for a closer tie-up between Renault and Nissan, has told Tokyo that it will seek an integration of the two companies, most likely under a single holding company, the Nikkei business newspaper reported on Sunday.

Meanwhile, Ghosn’s wife, Carole Ghosn, has written to French President Emmanuel Macron to discuss her husband’s situation, her pub,夜上海419龙凤论坛Pamela,lic relations representative said.

The representative, Devon Spurgeon, confirmed a report in French paper Journal du Dimanche that a letter had been sent to Macron this month, but declined to provide details.

Before his arrest, Ghosn,上海凤楼夜网Balthazar, had been working towards making the alliance “irreversible” and told in October that potential changes to the partnership’s structure would come by June 2020.

Nissan owns a 15 percent non-voting sta上海夜生活ke in Renault.

Trump on Twitter (Dec 18) – Congressional Races, train accident,…

The following statements were posted to the verified Twitter accounts of U.S. Presiden,上海夜生活网419Octavia,t Donald Trump, @realDonaldTrump and @POTUS.

The opinions expressed are his own.  has not edited the statements or confirmed their accuracy.

@realDonaldTrump :

– Remember, Republicans are 5-0 in Congressional Races this year. The media refuses to mention this. I said Gillespie and Moore would lose (for very different reasons), and they did. I also predicted “I” would win. Republicans will do well in 2018, very well! @foxandfriends [0623 EST]

– Ivanka Trump will be interviewed on @foxandfriends. [0642 EST]

– The train accident that just occurred in DuPont, WA shows more than ever why our soon to be submitted infrastructure plan must be approved quickly. Seven trillion dollars spent in the Middle East while our roads, bridges, tunnels, railways (and more) crumble! Not for long! [1341 EST]

– My thoughts and prayers are with everyone involved in the train accident in DuPont, Washington. Thank you to all of our wonderful First Responders who are on the scene. We are currently monitoring here at the White House. [1351 EST]

– Our deepest sympathies and most heartfelt prayers are with the victims of the train derailment in Washington State. We are closely monitoring the situation and coordinating with local authorities… bit.ly/2Bail99 [1435 EST]

– Over the past 11 months, I have travelled tens of thousands of miles, to visit 13 countries. I have met with more than 100 world leaders and everywhere I traveled, it was my highest privilege and greatest honor to represent the AMERICAN PEOPLE! bit.ly/2BajKwn [1519 EST]

– When the American People speak, ALL OF US should listen. Just over one year ago, you spoke loud and clear. On November 8, 2016, you voted to MAKE AMERICA GREAT AGAIN! bit.ly/2Ba2kQr [1528 EST]

– As the world watches, we are days away from passing HISTORIC TAX CUTS for American families and businesses. It will be the BIGGEST TAX CUT and TAX REFORM in the HISTORY of our country! bit.ly/2BbAjI6 [1540 EST]

– 70 Record Closes for the Dow so far this year! We have NEVER had 70 Dow R,上海夜生活去哪玩Pamela,ecords in a one year period. Wow! [1725 EST]

– With t,上海夜网千花Idris,he strategy that I announced today, we are declaring that AMERICA is in the game and AMERICA is DETERMINED to WIN!OUR FOUR PILLARS OF NATIONAL SECURITY STRATEGY: bit.ly/2BdrOfJ [1849 EST]

– Together, our task is to strengthen our families, to build up our communities, to serve our citizens上海夜生活, and to celebrate AMERICAN GREATNESS as a shining example to the world…. bit.ly/2Bdsjq7 [1954 EST]

— Source link: (bit.ly/2jBh4LU) (bit.ly/2jpEXYR)

Renault names new leaders as scandal-hit Ghosn bows out

PARIS ( ) – Renault appointed Michelin boss Jean-Dominique Senard as its new chairman on Thursday, after Carlos Ghosn was forced to resign in the wake of a financial scandal that has rocked the French carmaker and its alliance with Japan’s Nissan.

Senard will become chairman immediately, the company said, with deputy chief executive Thierry Bollore taking over Ghosn’s other Renault role as full CEO.

The appointments may begin to ease a Renault-Nissan leadership crisis that erupted after Ghosn’s Nov. 19 arrest in Japan and swift dismissal as Nissan chairman.

Senard, 65, now faces the task of,上海足浴夜网联系方式Fabiana, soothing relations with Nissan and resuming talks on a new alliance structure to cement the 20-year-old partnership.

“It’s important that this alliance remain extremely strong,” Senard told reporters after a board meeting – citing the mounting investment demands of new vehicle technologies. “It is our compulsory duty to go forward together.”

Nissan welcomed the leadership change, which CEO Hiroto Saikawa said would open a “new chapter” for the partnership.

The announcement also marks a clear end to上海夜生活网 one of the auto industry’s most feted careers, two decades after Ghosn was despatched by former Renault boss Louis Schweitzer to rescue newly acquired Nissan from near-bankruptcy – a feat he pulled off in two years.

After 14 years as Renault CEO and a decade as chairman, Ghosn formally resigned from both roles on the eve of the board meeting.

Related CoverageTurnaround to integration: Ghosn’s tenure at Renault, NissanNissan CEO welcomes Renault’s appointment of Senard as chairman

Ghosn’s arrest and indictment for financial misconduct has strained the Renault-Nissan relationship, threatening the future of the industrial partnership he transformed into a global carmaking giant over two decades.

For two months, the tensions deepened as Renault and the French government stuck by Ghosn despi,夜上海419龙凤论坛Tabitha,te the revelation he had arranged to be paid tens of millions of dollars in additional income, unbeknownst to shareholders.

Ghosn has been charged with failing to disclose more than $80 million in additional compensation for 2010-18 that he had agreed to be paid later. Nissan director Greg Kelly and the Japanese company itself have also been indicted.

Both men deny the deferred pay was illegal or required disclosure, while not contesting the agreements’ existence. Ghosn has denied a separate breach of trust charge over personal investment losses he temporarily transferred to Nissan in 2008.

Ghosn had agreed in recent days to step down from Renault, reported on Tuesday – but only after the French government, Renault’s biggest shareholder, called for leadership change and his bail requests were rejected.

Senard, who had been due to retire from Michelin in April, now has fences to mend in Japan.

Following Ghosn’s arrest, Nissan CEO Hiroto Saikawa had sought to weaken Renault’s control and resisted its attempts to nominate new directors to the Japanese carmaker’s board.

In a possible sign of detente on Thursday, Nissan called an April shareholder meeting to appoint a Renault-nominated board member and formally terminate Ghosn and Kelly’s directorships. It remains unclear whether Renault, as Nissan’s parent, will also name its next chairman.

Nissan currently owns a 15 percent non-voting stake in its French parent and 34 percent in Mitsubishi Motors, a third major partner in their manufacturing alliance.

Once its new management is settled, French officials want the alliance to resume work on a new ownership structure to cement the partnership – which Ghosn had been mandated to explore when his Renault contract was renewed last year.

Nissan is wary of any such moves. Now is not the time to discuss structural changes, Saikawa reiterated on Thursday.

“Communication between the boards of the two companies has been a bit difficult” since Ghosn’s arrest, the Nissan CEO said. “I’m looking forward to better communication.”

As Renault CEO, Bollore will also become chairman of the alliance, a French official told – as set out in the 2002 shareholder pact underpinning the partnership.

His operational alliance role will be overseen by Senard, who will lead discussions on the future “evolution” of its structure, Renault said.

Renault has yet to finalize Ghosn’s severance package, estimated by the CGT union at 25-28 million euros ($28-32 million) in addition to an annual pension of 800,000 euros.

Ghosn’s golden parachute could be politically explosive in France, where the government is battling “yellow vest” street protests over low pay and inequality.

Fabien Gache, a Renault CGT spokesman, said on Thursday the union w,上海夜网推油Fabiana,ould press the government to vote against the package at Renault’s annual shareholder meeting in June.

“We should not add indecency to indecency,” Gache said.

The government will decide how to vote on Ghosn’s severance pay when details become clear, a finance ministry official said.

($1 = 0.8814 euros)

Factbox: Trump on Twitter (January 10) – U.S. court system,…

The following statements were posted to the verified Twitter accounts of U.S. President Donald Trump, @realDonaldTrump and @POTUS.

The opinions expressed are his own.  has not edited the statements or confirmed their accuracy.

@realDonaldTrump :

– It just shows everyone how broken and unfair our Court System is when the opposing side in a case (such as DACA) always runs to the 9th Circuit and almost alway,上海高端夜生活在那里Ida,s wins before being reversed by higher courts. [0911 EST]

– The fact that Sneaky Dianne Feinstein, who has on numerous occasions stated that collusion between Trump/Russia has not been found, would release testimony in such an underhanded and possibly illegal way, totally without authoriz,夜上海419龙凤论坛Jacob,ation, is a disgrace. Must have tough Primary! [1000 EST]

– The single greatest Witch Hunt in American history continues. There was no collusion, everybody including the Dems knows there was no collusion, & yet on and on it goes. Russia & the world is laughing at the stupidity they are witnessing. Republicans should finally take control! [1014 EST]

– I want to thank my @Cabinet for working tirelessly on behalf of our country. 2017 was a year of monumental achievement and we look forward to the year ahead. Toget,上海夜生活网419Octava,her, we are delivering results and MAKING AMERICA GREAT AGAIN! 45.wh.gov/CabinetMeeting [1508 EST]

– Today, it was my great honor to welcome Prime Minister Erna Solberg of Norway to the @WhiteHouse – a great friend and ally of the United States! Joint press conference: 45.wh.gov/BzL9PX [1631 EST]

– The United States needs the security of the Wall on the Southern Border, which must be part of any DACA approval. The safety and security of our country is #1! [1807 EST]

– Cutting taxes and simplifying regulations makes America the place to invest! Great news as Toyota and Mazda announce they are bringing 4,000 JOBS and investing $1.6 BILLION in Alabama, helping to further grow our economy! [1837 EST]

– Good news: Toyota and Mazda announce giant new Huntsville, Alabama, plant which will produce over 300,000 cars and SUV’s a year and employ 4000 people. Companies are coming back to the U.S. in a very big way. Congrat上海夜生活网ulations Alabama! [2329 EST]

— Source link: (bit.ly/2jBh4LU) (bit.ly/2jpEXYR)

German union backs SPD bid to start formal coalition talks

BERLIN ( ) – Germany’s largest union grouping on Thursday recommended the centre-left Social Democrats (SPD) vote to start formal coalition talks with Chancellor Angela Merkel’s conservatives, bolstering an all-out drive by the party to rally support.

The DGB Confederation of German Trade Unions, which represents some 6 million workers, said a blueprint agreed by the two political blocs would result in advances for workers.

The SPD is racing to overcome resistance to another “grand,上海夜生活服务Dakota, coalition” among rank-and-file members ahead of a party congress on Sunday, even as leading conservatives warned that failure to endorse coalition talks would result in political chaos.

Nearly four months after the election, Merkel has still not managed to form a government.

T上海夜网he uncertainty has eroded her public standing after 12 years as the dominant leader of Europe, and she is now counting on the SPD, her coalition partner from 2013 to 2017, to once again agree to a tie-up.

Refusal by SPD delegates to hold further talks could lead to new elections or a minority government for the first time in Germany’s post-war era.

Many in the party are reluctant to rejoin government, arguing that the party needs to reinvent itself in opposition after posting its worst election result in September since 1933.

However, DGB chief Reiner Hoffmann said all eight of the trade unions in the association backed further coalition talks.

“We have reviewed the results of the exploratory talks and there is much substance there for workers in Germany,” he said.

Six hundred delegates will vote on Sunday on whether to embark on full-blown coalition talks. All SPD party members will vote by mail on a final coalition deal, if there is one.

Germany’s oldest political party expanded by a net 10,500 members in 2017, an increase that exceeded any since German unification in 1990 and pushed total membership to just over 443,000, a party spokesman said.

Merkel’s top Bavarian ally, Horst Seehofer, on Thursday said an SPD vote against coalition talks would be “a political disaster for our country”, leading to a new election that would likely be followed by even more arduous coalition negotiations.

“I can only appeal to everybody to get their act together and enable the formation of a government. Anything else would be disastrous for Germany.”

RENTAL CAP

The SPD’s parliamentary leader, Andrea Nahles, said about a third of delegates were still undecided, but she was optimistic a majority would vote to endorse the talks.

Nahles told the Funke Mediengruppe newspaper chain the blueprint agreed with conservatives would benefit members by boosting pensions, phasing out a solidarity tax imposed to help poorer eastern states, and averting an upper limit on migration.

While she conceded the SPD had not won all its demands in the negotiations, including a call for a universal health insurance, she said other important projects were within reach.

The SPD’s youth and left wings oppose coalition talks and say the blueprint does not contain enough SPD hallmarks.

A Forsa poll published on Thursday showed the SPD slipping to 18 percent, below the 20.5 percent it achieved in September’s election. Support for Merkel’s CDU/CSU bloc rose to 34 percent, slightly above its election result of 32.9 percent.

Ralf Stegner, deputy leader of the SPD, told Focus magazine his party would adopt a tougher approach in any new tie-up with conservatives after Merkel’s party reneged on several key labor and pensions pledges during the last coalition government.

“We will not accept that type of contractual violation again,” he said, seeking to assuage concerns by party members who do not trust Merkel or her conservatives.

SPD leader Martin Schulz and Michael Groschek, the party leader in the western state of North Rhine-Westphalia (NRW), which accounts for about a quarter o,上海夜哪里艳遇Radley,f the delegates to Sunday’s vote, on Wednesday both forecast a positive outcome.

Schulz also told reporters that some areas ,上海夜生活男人好去处Jack,such as healthcare and rental caps could be added during formal coalition talks, and highlighted the fact that negotiators had agreed to review the deal after two years.

Saudi Arabia’s PIF slashes exposure to Tesla: FT

( ) – Saudi Arabia’s Public Investment Fund (PIF) has ,上海会所夜网Rae,slashed its exposure to Tesla Inc, the Financial Times reported on Monday, citing people with direct knowledge of the matter.

The sovereign fund, with help from JPMorgan Chase, hedged most of its 4.9 percent stake in Tesla after the market closed on Jan. 17, FT reported here

On Jan. 18, Tesla said it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down as much as 10 percent.

As part of the hedging program, PIF will still hold the shares but with little exposure to the stock’s movements, according to the report.

The derivative used to put on the hedge is known as an equity collar, which are bespoke instruments that are costly to finance and have become popular with Middle Eastern and Asian investors, the newspaper 上海夜生活said.

Tesla and PIF each declined to commen,上海夜生活怎么玩Hadley,t when contacted by .

Tesla’s shares, which fell as much as 3 percent, ended marginally lower at $296.38 on Monday.

Tesla Chief Executive Officer Elon Musk said in August that the PIF had expressed support for a $72 billion deal to take the company private.

The U.S. Securities and Exchange Commission in its suit, however, had said t,上海新夜网龙凤Lake,hat the meeting between Musk and the fund “lacked discussion of even the most fundamental terms of a proposed going private transaction”.

EBay’s poor revenue outlook overshadows first-ever dividend

( ) – EBay Inc on Tuesday forecast March quarter revenue below Wall Street estimates after reporting disappointing growth in the sales volume on its platform during the key holiday quarter, overshadowing news of its first-ever dividend.

Shares of the online marketplace were down 1 percent in after-hours trading, reversing course after an initial jump following eBay’s move to pay a quarterly dividend of 14 cents per share.

The lackluster forecast comes as San Jose, California-based eBay faces demands from two prominent activist shareholders to sell some divisions and restructure others amid fierce competition with Amazon.com Inc and other online retailers.

EBay said consumer spending in December, a normally busy shopping period, was slow despite more buyers u,上海会所夜网Barney,sing its platform.

Chief Executive Officer Devin Wenig also predicted more near-term pressure on eBay’s gross merchandise volume (GMV) – the value of all products sold on its websites – as the company reduced some marketing spending. He said he was confident, however, the company would boost GMV in the long run and benefit from new ad sales and a payments initiative.

“We believe that the actions we’re taking in ‘19 will set us up well,” he said on a conference call with analysts.

EBay forecast revenue of $2.55 billion to $2.60 billion for the current quarter, compared with analysts’ target of $2.66 billion, according to IBES data from Refinitiv.

GMV overall rose just 1 percent in the December quarter and also missed analysts’ estimates, while it dipped 1 percent in the United States.

Still, results for the final quarter of 2018 showed eBay’s sales had climbed 6.3 percent year-over-year to $2.88 billion, exceeding Wall Street’s estimates.

A multi-year effort by eBay to make its platform simpler to users, by introducing grouped listings, personal recommendations and an easier-to-use payment process is helping attract shoppers.

EBay had 179 million active buyers at the end of the December quarter, about 2 million more than the previous quarte,上海夜生活乌托邦Dahlia,r.

The company also announced an increase to its share buybacks by $4 billion, reflecting the influence of eBay’s activist investors, said Tom Forte, an analyst at D.A. Davidson.

“Th上海夜网e hope for eBay, in my opinion, is their ability to supplement the marketplace with advertising and a growing payments business, but I think the core marketplace is still a challenged business,” he said.

EBay’s quarterly profit from continuing operations reached $763 million, compared with a loss of $2.6 billion a year earlier, when eBay recorded a one-time expense of more than $3 billion.,上海夜生活论坛Eden,

Huawei calls for swift end to case of executive arrested in Canada

DAVOS, Switzerland ( ) – China’s Huawei Technologies wants a quick resolution of the case of its former finance chief Meng Wanzhou, who is accused of violating U.S. sanctions on Iran and has been detained in Canada, its chairman said on Tuesday.

The United States has told Canada it will request Meng’s extradition, but has not said when it will do so, David MacNaughton, Canada’s ambassador to the U.S., said in a Globe and Mail interview on Monday.

“We are following this issue clo,上海夜网后花园Fabi,sely but haven’t had direct contact with the authorities. We will call for a quick conclusion for Ms. Meng so that Ms. Meng can have her personal freedom,” Chairman Liang Hua told media on the sidelines of the World Economic Forum (WEF) in Davos.

Weng, who is the daughter of Huawei founder Ren Zhengfei, was arrested in Canada on Dec. 1 and released on bail last month. The deadline for filing an extradition request is Jan. 30 and Meng is due to appear in court in Vancouver on Feb. 6.

The world’s biggest producer of telecommunications equipment faces scrutiny over its relationship with Beijing and U.S.-led allegations that its devices could be used for spying.

Huawei, which has repeatedly rejected such allegations, will allow foreign 上海夜生活网officials to visit its labs, Liang, who was appointed acting chief financial officer in December, said.

“We operate our business global,上海足浴夜网联系方式Octavia,ly, and in every country we fully comply with local laws and regulations,” Liang said, adding the company welcomed requests to see the tech giant’s product development business as well as other units.

Meng’s arrest soured relations between China and Canada, with Beijing detaining two Canadians and sentencing to death another who was previously found guilty of drug smuggling.

The detention has also damaged already tense Chinese relations with the United States, with President Donald Trump telling in December he would intervene in the U.S. Justice Department case if it would serve national security interests or help close a trade deal with China.

MEDIA BLITZ

Liang’s appearance in,上海高端夜生活在那里Kaiden, Davos is part of a public relations blitz by the Chinese tech giant as it seeks to ease concern among Western nations.

“We don’t see any evidence … to say that Huawei is not safe. Cybersecurity is a common challenge. It is not an issue about any single company,” he said.

Polish authorities arrested a Huawei executive on spying allegations this month. While the Chinese national, who was sacked, denied the allegations, Huawei is preparing for potential fallout from its biggest Western markets.

Related CoverageU.S. to pursue extradition of Huawei CFO from CanadaCanada has not asked U.S. to drop case of Huawei’s Meng: Freeland

It been shut out of Australia and New Zealand’s markets for fifth-generation (5G) mobile telecoms equipment, while Trump may ban all Huawei equipment with an executive order.

“It’s customers’ choice if they don’t choose Huawei, and for the customers who choose us, we will focus on providing better services,” Liang said.

Liang said cybersecurity and privacy protection are a “top priority”, adding that Huawei will invest $2 billion in the next five years on its software engineering capability and product reliability.

Ex-U.S. consumer bureau head Cordray set to run for Ohio governor

( ) – Richard Cordray, a Democrat whose resignation as head of the U.S. consumer bureau last month triggered a political battle over who should replace him, plans to run for governor of Ohio, an advisor said on Monday.

Cordray will make the announcement at an event on Tuesday at a restaurant in his home town of Grove City, Ohio, said the advisor, who asked to remain anonymous. Cordray will later tour Ohio, meeting with Democratic activists, community leaders and voters, the advisor said.

When he resigned last month, Cordray named his deputy to head the Consumer Financial Protection Bureau. But the appointment was mired in turmoil after President Donald Trump assigned White House budget c上海夜网hief Mick Mulvaney to the role.

A federal judge last week sided with Trump, but the deputy, Leandra English, is challenging the decision.

The 2018 election is to replace Ohio Governor John Kasich, a Republican who cannot seek a third term because of term limits in the pivotal election battleground state. Kasich ran unsuccessfully for president in 2016.

Many Democrats have said Cordray, with his reputation for being tough on banks an,上海晚上耍女人的地方Macauly,d defen,上海仙霞路夜生活Qirin,ding consumers, is their best hope for taking the Ohio governor’s mansion and chipping away at Republicans’ dominance in state government.

Several candidates from both the Republican and Democratic parties announced they would run for Ohio governor, according to local media.

Cordray delivered a campaign-style speech at a Labor Day celebration in Cincinnnati in September, but at the time he stopped short of saying whether he intended to run for governor.

The Ohio native was the first director of the Consumer Financial Protection Bureau, a consumer watchdog agency created under form,上海夜网官方网站Mace,er President Barack Obama in the aftermath of the 2007-2009 financial crisis.

In Washington, Mulvaney on Monday said he has no intention of firing English.

Exclusive: Tesla holds battery supply talks with China’s Lishen

BEIJING ( ) – U.S. electric vehicle (EV) maker Tesla Inc (TSLA.O) has held talks with China’s Tianjin Lishen to supply batteries for its new Shanghai factory, and two people with direct knowledge of the matter said the pair signed a preliminary agreement.

The companies have yet to decide how large an order Tesla would place, and Lishen is still working out what battery cell size Tesla would require, one of the people said.

Details of the agreement were unclear. In Chinese, a preliminary agreement could refer to mere acknowledgment through to a statement of intent.

The talks come as Tesla looks to localize battery cell production in the face of mounting competition from a swathe of domestic EV makers in the world’s largest car ma,上海夜哪里艳遇Dakota,rket, where a Sino-U.S. trade war is increasing the cost of U.S. imports.

Tesla said it received quotes from Tianjin Lishen to supply batteries for the Shanghai plant but did not proceed further.

“We have not signed any agreement of any kind with them,” a Tesla spokeswoman told .

Lishen told that it had not signed any agreement with Tesla to supply batteries to the factory.

The first source reiterated that a preliminary agreement was signed. The second source said Tesla’s supplier certification process usually took a long time to be finalised. The people declined to be identified because the discussions were private.

Japan’s Panasonic Corp (6752.T) is currently Tesla’s exclusive battery cell supplier. Its shares closed down 2.7 percent after the report. It also announced a joint venture with Toyota Motor Corp (7203.T) on Tuesday to make electric vehicle (EV) batteries.

Tesla Chief Executive Elon Musk said in November the U.S. company would manufacture all its battery modules and packs at the Shanghai factory and planned to diversify its sources.

Related CoverageChina’s Lishen says has not signed agreement with Tesla on supplyin,上海夜生活乌托邦Radley,g batteries

“Cell production will be sourced locally, most likely from several companies (incl Pana), in order to meet demand in a timely manner,” Musk said in a tweet in上海夜生活网 November.

Panasonic said in a statement it was studying various possibilities with regards to Tesla’s Shanghai plant, but nothing had been decided. It declined to comment on the possibility of losing exclusive-supplier status with Tesla.

Other battery makers in the running for contracts could include Contemporary Amperex Technology Co Ltd (300750.SZ) and LG Chem Ltd (051910.KS).

Tesla brok,上海新夜网龙凤Jace,e ground on the $2 billion so-called Gigafactory, its first in China, earlier this month and plans to begin making Model 3 electric vehicles (EV) there by the end of the year.

Musk has said the factory will produce “more affordable” vehicles for the Chinese auto market.

APPLE SUPPLIER

Lishen, which says its clients range from Apple (AAPL.O) and Samsung Electronics (005930.KS) to Geely (0175.HK) and Hyundai Motor (005380.KS), has joined other battery makers in aggressively pursuing contracts with the rapidly growing EV industry.

The Chinese company started mass production of the same type of cylindrical battery made by Panasonic for Tesla’s Model 3 in 2017, in the city of Suzhou about 100 km (60 miles) away from Shanghai.

Panasonic and Toyota on Tuesday announced a joint venture that leverages the heft of one of the world’s largest automakers and one of the world’s biggest battery makers to expand their EV push.

The joint venture builds on the agreement that the pair announced in late 2017 on joint development of batteries with higher energy density in a prismatic cell arrangement.

It would also help Panasonic cut its heavy reliance on Tesla, whose production delays have weighed on the Japanese company’s earnings.

Panasonic planned to shift most of its prismatic battery-related equipment and facilities in Japan and China to the joint venture, while those producing batteries for Tesla would remain under the company, a source said.

Huawei’s Meng appears in court as Canada mulls U.S. extradition

VANCOUVER ( ) – Huawei Technologies Co Ltd’s chief financial officer, the central figure in a high-stakes dispute between the world’s two largest economies, made her first appearance in a Canadian court in more than a month on Tuesday as Ottawa weighs extraditing the Chinese executive to the United States.

Meng Wanzh,上海高端夜生活在那里Dahlia,ou, daughter of the Chinese telecommunications company’s founder, attended the hearing in British Columbia Supreme Court during which Justice William Ehrcke approved her request for a change in who is financially responsible for her bail.

Canada arrested Meng on Dec. 1 at the request of the United States, which on Monday brought sweeping charges against Huawei and Meng that paint the company as a threat to U.S. national security. Meng was charged with bank and wire fraud to violate American sanctions against Iran.

“I can confirm that the United States has filed a formal request with my department for the extradition of Ms. Meng,” Justice Minister David Lametti told reporters in Ottawa.

Canada’s government now has a month to decide whether the U.S. extradition request is strong enough to be presented in the British Columbia court. Lametti, asked whether a decision could come sooner than 30 days, said officials “will take the time that they need to make an enlightened decision based on the evidence in front of them.”

Neither Lametti nor Foreign Minister Chrystia Freeland gave any hints on whether Canada would back the extradition request. Freeland told reporters Meng “has been afforded access to Canada’s impartial and objective judicial system.”

Ehrcke on Dec. 11 approved Meng’s release on C$10 million ($7.5 million) bail, and she has stayed at a family residence in Vancouver. Canada’s government agreed to her request concerning bail at Tuesday’s hearing, which the judge granted. Ehrcke also postponed Meng’s next scheduled court appearance by a month, to March 6, which comes after the 30-day extradition decision deadline.

Before the hearing, Meng, who is fighting extradition, spoke with her lawyer David Martin, holding a notepad.

Her arrest further aggravated U.S.-Chinese tensions at a time when the two economic powerhouses are locked,上海夜网推油Octava, in a trade war. President Donald Trump said in December he could intervene in Meng’s case if it would serve U.S. national security interests or help close a trade deal with China.

Related CoverageHuawei units to be arraigned on U.S. criminal charges on Feb. 28

Following Meng’s arrest, China arrested two Canadians on national security grounds. A Chinese court later retried a Canadian man who had been jailed for drug smuggling and sentenced him to death.

Canadian Prime Minister Justin Trudeau on Saturday fired his ambassador to China, who had said Meng could make a strong argument against being sent to the United States.

‘A HOSTAGE’

    In a 上海夜生活previous sworn affidavit, Meng said she is innocent and would contest the allegations at trial in the United States if she is extradited. Her lawyer Reid Weingarten said Meng “should not be a pawn or a hostage” in “complex” Sino-U.S. relations.

Huawei is the world’s largest supplier of telecommunications network equipment and second-biggest maker of smartphones. It derives nearly half of its total revenue outside China.

In Ottawa, Public Safety Minister Ralph Goodale said Canada’s decision on whether to ban Huawei from supplying equipment to 5G networks is “some ways off into the future.”

Goodale’s comments were the most specific indication yet from Ottawa on the timing of the politically sensitive announcement. Officials are studying the security implications of 5G networks, the latest generation of cellular mobile communications. The United States and other Canadian allies have already imposed restrictions on Huawei equipment, citing the risk of espionage.

U.S. Treasury Secretary Steve Mnuchin said on Tuesday he expected significant progress in Washington trade talks with Chinese officials, set for Wednesday and Thursday. Mnuchin said the U.S. security concerns raised by the Huawei case were separate from the trade issue.

China’s foreign ministry has urged the United States to d,上海夜网后花园Lake,rop the arrest warrant against Meng and end “unreasonable suppression” of Chinese companies. China has demanded the executive’s immediate release.

Huawei’s global reach has come under attack from the United States, which is trying to prevent U.S. companies from buying Huawei equipment and is pressing allies to do the same. U.S. security experts are worried the gear could be used by China’s government for espionage, a concern Huawei calls unfounded.

U.S. intelligence and national security officials expressed fresh national security concerns about Huawei during a U.S. Senate committee hearing in Washington on Tuesday.

FBI Director Christopher Wray told lawmakers the lines between “the Chinese government and ostensibly private companies” are blurred if not totally erased and “especially the lines between lawful behavior and fair competition and lying and hacking and cheating and stealing.”

Twitter may notify users exposed to Russian propaganda during 2016…

WASHINGTON ( ) – Twitter may notify users whether they were exposed to content generated by a suspected Russian propaganda service, a company executive told U.S. lawmakers on Wednesday.

The social media company is “working to identify and inform individually” its users who saw tweets during the 2016 U.S. presidential election produc,上海夜生活论坛Eason,ed by accounts tied to the Kremlin-linked Internet Research Army, Carlos Monje, Twitter’s director of public policy, told the U.S. Senate Commerce, Science and Transportation Committee.

A Twitter spokeswoman did not immediately respond to a request for comment about plans to notify its users.

Facebook Inc in December created a portal where its users could learn whether they had liked or followed accounts created by the Internet Research Agency. Alphabet Inc has said the way its services operate make it difficult to provide a similar notice, a position Democratic Senator Richard Blumenthal criticized during the hearing.

Senator Mark Warner, the top Democrat on the Senate Intelligence Committee, which is investigating Russian meddling in the 2016 election, applauded Twitter’s announcement.

“After months of pushing Twitter to do the right thing, I’m encouraged the company will soon notify users who saw content from Kremlin-backed trolls,”,上海新夜网龙凤Mace, Warner said on Twitter.

Both companies and Alphabet’s YouTube appeared before the Senate committee on Wednesday to answer lawmaker questions about their efforts to combat the use of their platforms by violent extremists, such as the Islamic State.

But the hearing often turned to questions of Russian propaganda, a vexing issue for internet firms that spent most of the past year responding to a backlash that they did too little to deter Russians from using their services to anonymously spread divisive messages among Americans in the run-up to the 2016 U.S. elections.

U.S. intelligence agencies concluded Russia so,上海仙霞路夜生活Kade,ught to interfere in the election through a variety of cyber-enabled means to sow political discord and help President Donald Trump win. Russia has repeatedly denied the allegations.

The three social media companies faced a wide array of questions related to how they police different content on their services, including extremist recruitment, gun sales, automated spam accounts, intentionally fake news stories and Russian propaganda.

Monje said Twitter had improved its ability to detect and remove “maliciously automated” accounts, and now challenged up to 4 million per week – up from 2 million per week last year.

Facebook’s head of global policy, Monika Bickert, said the company was deploying a mix of technology and human review to “disrupt false news and help (users) connect with authentic news.”

Most attempts to spread disinformation on Facebook were financially motivated, Bickert said.

The companies repeatedly touted increasing success in using algorithms and artificial inte上海夜网lligence to catch content not suitable for their services.

Juniper Downs, YouTube’s director of public policy, said algorithms quickly catch and remove 98 percent of videos flagged for extremism. But the company still deploys some 10,000 human reviewers to monitor videos, Downs said.

Huawei executive has strong case to fight extradition: Canadian envoy

OTTAWA ( ) – A top executive from Huawei Technologies Co Ltd [HWT.UL] being held in Canada can make “strong arguments” against extradition to the United States, in part due to President Donald Trump’s politicization of the case, Canada’s ambassador to China said.

Canadian envoy John McCallum’s comments to Chinese-language,上海夜生活论坛Queena, media, which were broadcast on Wednesday, are the most explicit sign yet ,上海夜网Radley,from a Canadian official that Meng Wanzhou, Huawei’s chief financial officer, may not be sent to the United States.

Meng was detained on Dec. 1 in Vancouver at the request of the United States reut.rs/2HuT3WE over alleged violations of U.S. sanctions on Iran. She is currently under house arrest and China is demanding that she be freed reut.rs/2CDejnG.

In a clip shown by the Canadian Broadcasting Corp, McCallum said Meng had “quite good arguments on her side,” the first of which was “political involvement by comments from Donald Trump in her case.”

Trump told last month he would intervene in Meng’s case if it served U.S. national security interests or helped close a trade deal with China. Canadian Foreign Minister Chrystia Freeland quickly warned Washington not to politicize extradition cases.

McCallum also said extradition “would not be a happy outcome,” a comment that could irritate the Trump administration, which has generally cool relations with Canadian Prime Minister Justin Trudeau’s Liberal government.

Huawei declined to comment on McCallum’s remarks.

The envoy’s comments, which were made in English on Tuesday, are potentially awkward for Canada’s government, which insists it cannot intervene because of judicial independence.

Trudeau sidestepped questions about the matter on Wednesday, telling reporters in Saskatchewan that under Canadian law Meng would have a chance to mount a strong defense.

Asked about McCallum’s comments, China’s Foreign Ministry spokeswoman Hua Chunying said that China has always held that this is “not a normal judicial issue. It’s a serious political issue.”

Related CoverageFrance aware of Huawei risks, will act when times comes – minister

“I believe that any person with normal judgment can clearly see the true nature of this incident,” she told a regular briefing.

The Liberals may face a tough reelection fight this October against the opposition Conservative Party, which said McCallum’s actions raised “questions of political interference.”

David Mulroney, an ex-Canadian ambassador to China, tweeted that McCallum’s comments were “almost impossible to understand.”

POSSIBLE OPTIONS

McCallum noted Canada has not appl,上海夜网千花Octavien,ied the same sanctions against Iran as the United States.

“Canada does not sign onto these Iran sanctions. So I think she (Meng) has some strong arguments she can make before a judge,” he said.

The U.S. Justice Department has until Jan. 30 to file a formal extradition request and Canadian officials will then take up to a month to decide whether an extradition hearing is warranted. Legal experts say they expect a hearing to be held.

“Canada respects its international legal commitments, including by honoring its extradition treaty with the United States,” Freeland spokesman Adam Austen said in an email.

Meng’s arrest has hurt Canada’s relations with China, which subsequently detained two Canadians bit.ly/2Mrp80v last month, citing national security concerns. Additionally, a Chinese court later retried a Canadian who had been jailed for drug smuggling and sentenced him to death reut.rs/2RKgaRJ.

McCallum said he saw three possible options for resolving the case. One would be Meng’s extradition, which he said “would not be a happy outcome and that would take years” given that she could lodge legal appeals.

The second would be for the United States to make a deal with China whereby the extradition request would be dropped. The third would be Meng’s release by a Canadian court on the grounds the U.S. request was not warranted.

McCallum, 68, a former Liberal cabinet minister, has made headlines in the past with offhand or上海夜生活论坛 colorful comments.

American Express misses estimates on slowing customer spending;…

( ) – American Express Co (AXP.N) missed Wall Street’s,上海夜网Paisley, fourth-quarter profit estimates on Thursday, as the rate of customer spending slowed despite a strong U.S. holiday sales season.

The credit-card issuer’s shares fell 2.4 percent in extended trading.

“For the past couple of quarters card spending for AmEx in the U.S. has been 10 percent, that dropped down to about 9 percent this quarter, that is having an effect on the stock,” Buckingham Research Group analyst Chris Brendler said.

The slowing growth came despite the United States witnessing its strongest holiday season in six years on the back of a robust economy and more deals. According to a Mastercard report on Dec. 26, holiday spending rose 5.1 percent to over $850 billion.

This strong health of the consumer spurred more customers to take loans on credit cards in the quarter, growing AmEx’s loan portfolio by 12 percent in the fourth quarter. However, this also drove provisions for credit losses higher by 14 percent.

Meanwhile, expenses rose 9 percent as AmEx poured more money int上海夜生活论坛o offering perks such as rewards programs and lounge access at airports to better compete against companies such as JPMorgan’s (JPM.N) Chase cards division and payment networks Visa (V.N) and Mastercard (MA.N).

Card member rewards expenses rose 11 percent, AmEx said.

The company said reut.rs/2RyxpFO its net income was $2.01 billion, or $2.32 per share, in the quarter ended Dec. 31, compared with a loss of $1.21 billion, or $1.42 per share, a year earlier, when it took a charge due to a change in U.S. tax laws.

Ex,上海夜生活群Barney,cluding items, the company earned $1.74 per share, missing analysts’ average estimate of $1.80, according to IBES data from Refinitiv data.

Revenue, net of interest expense, rose 7.9 percent to $10.47 ,上海高端夜生活在那里Hal,billion, but fell short of analysts’ estimates of $10.56 billion.