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The Latest: Schumer to oppose Pompeo secretary of state bid

The Washingon Times + 35 other

WASHINGTON (AP) - The Latest on the nomination of Mike Pompeo as secretary of state (all times local): 3:45 p.m. Senate Minority Leader Chuck Schumer says he will oppose Mike Pompeo for secretary of state even as President Donald Trump’s nominee appears on track for confirmation this week. Schumer is among Senate Democrats who backed Pompeo as CIA director. But on Tuesday he said Pompeo has not satisfactorily answered questions of a top diplomat. Schumer says he asked Pompeo privately if he would walk back comments critical of Muslims. And he wanted to know if Pompeo would speak out against firing special counsel Robert Mueller or Deputy Attorney Rod Rosenstein in the Russia investigation. Pompeo “demurred,” the New York senator said. “I am voting no for those reasons,” Schumer said. __ 1 a.m. A close committee vote on the nomination of CIA Director Mike Pompeo as secretary of state is sending a warning to the White House as other Trump administration nominees are expected to meet with stiff resistance. The Senate Foreign Affairs Committee advanced Pompeo’s nomination to the full Senate by just one vote. Until a last-minute change of heart by Kentucky Republican Rand Paul, the nomination appeared headed to an unfavorable recommendation. Pompeo is expected to be confirmed by the full Senate later this week, given unanimous support from Repub…

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Comcast formalizes its bid for British broadcaster Sky

CNBC + 1 other

Getty Images Labor leader Jeremy Corbyn speaks during a live TV debate on June 20, 2016 in London, England. Comcast on Wednesday formalized its offer for British broadcaster Sky in a deal valued at 22.1 billion pounds, or about $31 billion. div > div.group > p:first-child"> Comcast, parent of CNBC, has also included a number of commitments in the offer, including maintaining the annual budget for Sky News for 10 years at a minimum of 2017 levels, and establishing an editorial board to assure the independence of Sky News. Twenty-First Century Fox has been trying to buy the 61 p…

Lloyds Bank reassures investors on future of preference shares

CNBC + 1 other

Justin Tallis | AFP | Getty Images Britain's Lloyds Banking Group said it would not cancel its preference shares following investor complaints about the possibility after insurer Aviva abandoned its plans to scrap the high-yielding shares. George Culmer, the bank's chief financial officer, provided the reassurance on Wednesday as Lloyds reported first-quarter profits that just missed analysts' expectations. "Absolutely no discussion on these and absolutely no plans to cancel these irredeemable preference shares through a reduction in capital," Culmer told a media call. Aviva spa…

Twitter shares jump after earnings beat

CNBC + 1 other

show chapters Deborah Findling | CNBC Jack Dorsey Analysts expected Twitter to be profitable due to increasing advertising revenue, especially because digital advertising budgets are rising as marketers shift money over from television. The company also showed huge growth in international ad revenue, especially from China and Japan. "Video is now more than half our ad revenue," Segal said. "This is the second quarter in a row where that's been the case. There is still a lot more room to improve that as we get more video and more compelling ad formats in front of our adv…

Peter Madsen, Danish Inventor, Is Convicted of Killing Kim Wall

The New York Times + 1 other

COPENHAGEN — A Danish inventor who admitted to dismembering a journalist and discarding her body from the submarine he built was convicted on Wednesday of killing her, in one of the most gruesome and closely watched cases in Scandinavian history. A court in Copenhagen found the submarine inventor Peter Madsen, 47, guilty of premeditated killing — equivalent to murder — in the death of Kim Wall, 30, whom prosecutors said he bound, tortured, sexually assaulted and stabbed repeatedly after she went on his submarine, the UC3 Nautilus, to interview him. He was sentenced to life in prison. Mr. Madse…

Asia markets set to open lower following US losses

CNBC + 1 other

Trading in Asia is poised to follow an overnight drop in U.S. stocks, where the Dow Jones industrial average fell more than 400 points. div > div.group > p:first-child"> Investors worried about rising interest rates and reacted to comments that hinted economic growth may slow later in the year. Markets in Japan are set to open lower on Wednesday. Nikkei futures in Chicago traded at 22,100 while Osaka futures were at 22,070. The benchmark index finished the previous session a touch higher at 22,278.12. Markets in Australia and New Zealand are shut for the Anzac day public holiday. …