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US Ambassador to the United Nations Nikki Haley will leave her position at the end of 2018, President Donald Trump announced from the Oval Office today.He would be happy to have her back in any capacity, he said during the announcement. The President said she told him 6 months ago that she wanted to leave at the 2-year mark.Haley called having the position "an honor of a lifetime."During today's announcement, she addressed rumors she might run for President of the United States in 2020. Haley said she will not be doing that and she will be campaigning for Trump.The President did not announce any potential successors for the ambassador position. He said many people want to do it. 700
US President Donald Trump personally asked Chinese President Xi Jinping to help in the case of three American college basketball players accused of shoplifting last week, a White House official said.The three UCLA freshmen -- LiAngelo Ball, Cody Riley and Jalen Hill -- were arrested last week?while their team was in Hangzhou ahead of the team's season opener in Shanghai. They've been questioned about stealing sunglasses from a Louis Vuitton store near their hotel.UCLA's trip coincided with Trump's two-day state visit to the Chinese capital, Beijing. The official added that President Xi said he would look into it. 638
Verizon just admitted that the value of its media brand, Oath, is essentially worthless.Verizon announced Tuesday that it would take a .6 billion writedown on its the media unit, which includes Yahoo and AOL.Oath's brand value is now worth just 0 million, according to Verizon. That's a stunning decrease in value since it formed in 2017. Verizon said Oath's brand was worth .8 billion when it last accounted for the company's goodwill valuation.Verizon snapped up a number of legacy media brands in recent years to create Oath. It bought Yahoo for .5 billion in 2017 and AOL, which owns HuffPost, for .4 billion in 2015.With virtually no goodwill brand value, Oath's overall value (assets and goodwill) is now worth half of what it was a few years ago.The telecommunications giant said the integration of Yahoo and AOL didn't meet expectations.Oath "has experienced increased competitive and market pressures throughout 2018 that have resulted in lower than expected revenues and earnings," according to a filing with the SEC Tuesday. Facebook, Google and Amazon are sucking up ad dollars, forcing publishers to search for other streams for revenue.The Verizon media unit's poor performance led the company to make "unfavorable adjustments to Oath's financial projections" for the next five years.Verizon plans to focus more on wireless technology and less on content and distribution.This summer, Verizon replaced CEO Lowell McAdam with Hans Vestberg, the telecom company's former chief technology officer.In September, Oath CEO Tim Armstrong left. He was a driving force behind Verizon's media acquisitions. Armstrong was replaced by K. Guru Gowrappan, Oath's president and former chief operating officer.Verizon announced Monday that 10,400 management employees had accepted voluntary buyout deals, out of 44,000 who were eligible. The buyouts are part of a plan to cut costs and shift investments into wireless and 5G. 1942
Tropical Storm Beta is gaining strength off the coast of southern Texas, as Subtropical Storm Alpha makes landfall in Portugal Friday afternoon; both are making history because of their names and timing.This is only the second time in recent history more than 21 significant storms in the Atlantic have been named in a year. Tropical Storm Beta is number 23.The National Hurricane Center uses a list of 21 names each year to distinguish large storms they are tracking in the Atlantic Ocean. Once those names are all used, scientists use the Greek alphabet to name storms. 579
UPDATE (7:39 p.m.): Deputies say Janet Osborn has been found safe thanks to a Good Samaritan who spotted her and called authorities. SAN DIEGO (KGTV) — San Diego Sheriff's deputies are asking the public for help finding a missing 75-year-old who disappeared in Vista.SDSO says Janet Osborn was last seen at 1800 Devon Place on Sunday at about 12 p.m. She's described as a white female, 5'3", and was last seen wearing a long green dress, black knee-high socks, and was carrying a water bottle.Anyone who may have information on Osborn's whereabouts is asked to call SDSO at 858-565-5200. 595