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Business Highlights: Penalties for bank execs, weak Wall St

Published Tue, 05 Nov 2024 06:56:30 GMT

___Parent company of Silicon Valley Bank files for bankruptcyNEW YORK (AP) — The parent company of Silicon Valley Bank has filed for Chapter 11 bankruptcy protection. The move comes a week after the tech-focused bank failed in a sudden collapse that set off fears of wider problems in the global banking system. The filing on Friday from SVB Financial Group was widely expected. Much of the company is now under the control of banking regulators. The bank was seized last week by the federal government. In other developments, the bank and two of its executives were targeted in a class action lawsuit that claims the company did not disclose the risks that future interest rate increases would have on its business.___Biden calls for tougher penalties for execs of failed banksWASHINGTON (AP) — President Joe Biden is calling on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it easier to bar them from w...

Ducksch double salvages draw for Bremen at Gladbach

Published Tue, 05 Nov 2024 06:56:30 GMT

MÖNCHENGLADBACH, Germany (AP) — Two goals from Marvin Ducksch salvaged a draw for Werder Bremen against Borussia Mönchengladbach in the Bundesliga on Friday and punished Gladbach for wasteful shooting.Gladbach was looking for a landmark 500th home win in Bundesliga history and on course after goals by Marcus Thuram and Florian Neuhaus. Ducksch twice leveled the score for an otherwise unthreatening Bremen team and could have won the game in stoppage time.Gladbach dominated the first half but failed to score off a series of chances. Thuram gave Gladbach the lead in the 48th minute by surging through the defense and powering the ball past goalkeeper Michael Zetterer, a late replacement for ill first-choice keeper Jiri Pavlenka.Thuram’s misses ended up as important as his goal, though. The French striker had two good chances saved by Zetterer and once missed the target when trying an audacious lofted backheel finish. Teammate Jonas Hofmann had a shot blocked by a defender after it...

No. 1 Gamecocks cruise past Norfolk State in March Madness

Published Tue, 05 Nov 2024 06:56:30 GMT

COLUMBIA, S.C. (AP) — This wasn’t the NCAA Tournament debut South Carolina coach Dawn Staley hoped to see from her top-seeded Gamecocks. The final scored showed a 72-40 blowout over No. 16 seed Norfolk State (26-7) on Friday. Staley saw poor shooting early and a disjointed attack that could cost her team down the road. “If it wasn’t for the way we play defense, (Norfolk State) would’ve probably given us a lot of trouble given how we shot the ball,” Staley said. Zia Cooke scored 11 points as South Carolina moved five wins away from a perfect season. Aliyah Boston had seven points, nine rebounds and two blocks for the Gamecocks (33-0), who won their 39th straight game dating back to last year’s NCAA title run. They also moved to 11-0 in first-round games under Staley. Not that much of that mattered to the two-time national championship coach. She was so frustrated with her attack, she called an early timeout in the second quarter with her team ahead 24-12 — som...

Expect to see more police downtown during NCAA, St. Patrick's Day events

Published Tue, 05 Nov 2024 06:56:30 GMT

DENVER (KDVR) — Between the NCAA tournament games and St. Patrick’s Day celebrations, it is expected to be a busy weekend in downtown Denver.With an influx of visitors, the Denver Police Department will have additional officers visible in crowded areas.“They’re out there for traffic, to keep traffic flowing safely but to have a visible presence for people who need help or anything that happens,” Denver Police public information officer Jay Casillas said. Colorado breweries team up with AI to create unique beer for CollabFest One area of focus will be on keeping pedestrians safe from vehicles in high-traffic areas, like outside Ball Arena and in the Lower Downtown neighborhood.“Be aware of your surroundings whether you’re on a bike, on foot or driving in a car that can help avoid getting into any kind of situation like a crash,” Casillas said. 1260 hit-and-runs in Denver this yearAccording to statistics provided by the department, there have been 1260 hit-and-run crashes in De...

'Kind, selfless and so talented', Zackary Smith's parents plead for answers

Published Tue, 05 Nov 2024 06:56:30 GMT

DENVER (KDVR) -- It's been roughly two and a half years since Zackary Smith was found dead with a gunshot wound to the head inside his car. Now, his parents are urgently pushing for tips so they can help Denver Police Department solve this case.On Thursday, Metro Denver Crime Stoppers announced an increased reward for information leading to an arrest in Smith's case. The reward has since been increased to $30,000. Smith's parents donated to the pot of money and are behind that push for answers."He just loved Denver and the circle of friends he had and he was a Colorado guy," Smith's father Scot Smith told FOX31. The two moved to Denver in 2002 when Smith was 13 years old. Smith's mother, Jan Purther, lived with his sisters in Michigan at the time of the move. "I think he became him because of Denver," Purther said. "The music that he stumbled upon." Multiple vehicles involved in hit-and-run crash Smith grew up playing guitar and went on to play guitar in Autonomix, an electric dan...

Denver weather: A sunny weekend, slow warm-up

Published Tue, 05 Nov 2024 06:56:30 GMT

DENVER (KDVR) — The sunshine is back in Denver weather and we get to enjoy more of the same for the weekend ahead. Even the mountains will be dry and sunny until snow returns there on Monday. Temperatures will be warming, but not until early next week. Here's your weekend outlook from Pinpoint Weather, Colorado’s Most Accurate Forecast.Weekend outlook for Denver from Colorado's Most Accurate ForecastWeather tonight: Clear and coldUnder clear skies and light wind, temperatures will be dropping quickly after sunset. Overnight lows across Colorado will all be below freezing. Most of metro Denver and the Front Range will dip into the teens. The coldest readings will be across northwest Colorado and in some mountain valley locations with temperatures going below zero. Did you see the sun pillar light up the sky? Forecast overnight low temperatures by Saturday morning from Pinpoint WeatherWeather tomorrow: A chill in the airYour Saturday will bring abundant sunshine for Denver and North...

MBTA hopes to lift ‘global’ speed restriction on Green Line on Saturday, other restrictions remain

Published Tue, 05 Nov 2024 06:56:30 GMT

The MBTA has announced plans to lift a global speed restriction in place on the Green Line on Saturday, just over a week after the restriction went into effect last Thursday.  Though officials said they hope to lift the 25 mile per hour end-to-end Green Line restriction, other restrictions will remain in place on sections of tracks across all T lines, continuing to cause headaches for some riders.MBTA Interim General Manager Jeff Gonneville discussed the changes at a press conference Friday afternoon.The T previously announced system-wide speed restriction on the Orange, Red, Green and Blue lines last Thursday after a Department of Public Utilities safety inspection identified issues. The T lifted global restrictions on the Red, Blue and Orange lines on Friday of last week. It then lifted the global restriction for the Mattapan Trolley on Thursday of this week even as block restrictions linger in some spots.Asked about the speed of inspections and repairs, Gonneville ...

NH man ordered held without bail after allegedly threatening plow driver with gun

Published Tue, 05 Nov 2024 06:56:30 GMT

A New Hampshire man was ordered held without bail this week after police said he threatened a snow plow driver with a gun during Tuesday’s nor’easter. Wesley Quiroz was arrested Thursday in Nashua following the incident around 10 a.m. on Tuesday, according to Nashua police. Police said Quiroz and the plow driver started fighting after Quiroz hit the driver’s plow during the storm. Quiroz, police said, at one point threatened the driver with a handgun. Quiroz was charged with criminal threatening with a firearm.At his arraignment, Quiroz’s attorney told the judge his client was acting in self defense. 

Evacuation Day ‘spectacle’

Published Tue, 05 Nov 2024 06:56:30 GMT

As the late Bay State historian David McCullough wrote in his book “1776,” Evacuation Day was “a spectacle.”“There were 120 ships departing with more than 11,000 people packed on board — 8,906 King’s troops, 667 women and 553 children, and in addition, waiting down the harbor, were 1,100 Loyalists,” McCullough wrote.On March 17, 1776, British troops and loyalists fled Boston by ship for Canada. The rest is history and then some!BOSTON. MA – March 17: Scott Tourtellot a member of the The Colonel Henry Know Regimental Color Guard on Dorchester Heights during Evacuation Day festivities on March 17, 2023 in Boston, Massachusetts (Staff Photo By Matt Stone/MediaNews Group/Boston Herald)BOSTON. MA – March 17: Period time militia soldiers march on Dorchester Heights during Evacuation Day festivities on March 17, 2023 in Boston, Massachusetts (Staff Photo By Matt Stone/MediaNews Group/Boston Herald)BOSTON. MA – March 17: The Colone...

Allen Lazard says if Jets add Aaron Rodgers that ‘Super Bowl’ will be the expectation

Published Tue, 05 Nov 2024 06:56:30 GMT

Aaron Rodgers and Allen Lazard played the previous five seasons together in Green Bay.Now it appears the dynamic quarterback-wide receiver duo will suit up again for the Jets.Lazard officially signed a four-year contract worth $44 million — including $22 million guaranteed — on Friday. Earlier this week, Rodgers announced his “intentions” to play for the Jets and the two sides continue to discuss a trade.The Jets haven’t made the playoffs since 2010, but they’re hoping to change that with the addition of Lazard, along with Rodgers if the Jets can get that deal across the finish line. During his first interview with the Jets media, Lazard said if the Jets land Rodgers that automatically changes expectations within the organization.“I think with Aaron Rodgers as quarterback the possibility to win is always a thing,” Lazard said Friday. “With that being said, it is really the Super Bowl, especially the point in his career and his ab...