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Business Highlights: Silicon Valley Bank; Kia, Hyundai

Published Tue, 05 Nov 2024 14:35:11 GMT

___Deal to buy Silicon Valley Bank calms bank fears, for nowNEW YORK (AP) — First Citizens will acquire much of Silicon Valley Bank, the tech-focused financial institution whose lightning-quick failure this month set off a chain reaction that rattled faith in banks around the world. The sale underscores that Silicon Valley Bank’s assets do have value and helps to rebuild some faith. Stocks of several beaten down banks rose in a show of strength after the Federal Deposit Insurance Corp. announced the deal. But investors and experts caution the sale doesn’t by itself provide an immediate all-clear for other banks following the second- and third-largest U.S. failures in history. That will likely take more time.___Fed official: SVB itself was main cause of bank’s failureWASHINGTON (AP) — The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and says the Federal Reserve will review whethe...

StarTek: Q4 Earnings Snapshot

Published Tue, 05 Nov 2024 14:35:11 GMT

DENVER (AP) — DENVER (AP) — StarTek Inc. (SRT) on Monday reported a loss of $3.1 million in its fourth quarter.The Denver-based company said it had a loss of 8 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 31 cents per share.The call center operator posted revenue of $93 million in the period.For the year, the company reported a loss of $2.3 million, or 6 cents per share. Revenue was reported as $385.1 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRT at https://www.zacks.com/ap/SRTSource

UN Security Council won’t probe Nord Stream blasts

Published Tue, 05 Nov 2024 14:35:11 GMT

UNITED NATIONS (AP) — The U.N. Security Council on Monday declined a Russian request to investigate the blasts on the pipelines that move natural gas from Russia to Europe under the Baltic Sea.Russia, China and Brazil voted in favor of the Russian request, but other Security Council members abstained or said another investigation was unnecessary.For a resolution to be adopted by the U.N. Security Council, it needs a minimum of nine “yes” votes in the 15-member council, and no veto by one of the permanent members — the United States, Russia, China, Britain and France.The U.S. deputy ambassador, Robert Wood, said there was no need for a U.N. probe when investigations by Sweden, Denmark and Germany “are proceeding in a comprehensive, transparent and impartial manner.”“It was an attempt to discredit the work of ongoing national investigations and prejudice any conclusions they reached that do not comport to Russia’s predetermined and political narrative. It was not an attempt to seek th...

Lifeway: Q4 Earnings Snapshot

Published Tue, 05 Nov 2024 14:35:11 GMT

MORTON GROVE, Ill. (AP) — MORTON GROVE, Ill. (AP) — Lifeway Foods Inc. (LWAY) on Monday reported net income of $716,000 in its fourth quarter.The Morton Grove, Illinois-based company said it had profit of 5 cents per share.The dairy and cheese company posted revenue of $35.8 million in the period.For the year, the company reported profit of $924,000, or 6 cents per share. Revenue was reported as $141.6 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LWAY at https://www.zacks.com/ap/LWAYSource

Lakewood police agent shot during exchange of gunfire with robbery suspect

Published Tue, 05 Nov 2024 14:35:11 GMT

LAKEWOOD, Colo. (KDVR) -- A Lakewood police agent was shot while confronting two people suspected of robbing a mail carrier.According to Lakewood PD, the armed robbery occurred near South Oak Street and West Dakota Avenue. There was then a confrontation between the suspects and law enforcement on the same block near West Alameda Avenue. $400K in stolen art, nearly 2,000 fentanyl pills recovered in Lakewood Police say one of the female suspects ran and fired at agents, who then returned fire.That suspect was shot and taken to a hospital with unknown injuries. A Lakewood agent was also shot but their injuries are not life-threatening.Police are still searching for the second suspect, who is also a female.Lakewood police have not released a detailed description of the suspect they are searching for.This is a breaking story. Details will be updated as they become available.

Denver weather: Snow moves out, 60s return Thursday

Published Tue, 05 Nov 2024 14:35:11 GMT

DENVER (KDVR) — Denver's weather will dry out Monday afternoon with temperatures returning to the 50s and 60s the rest of the week. The Monday morning snowstorm brought big totals to parts of the northern Front Range with only an inch or two across Metro Denver. Weather tonight: drying outDry weather will return to Colorado Monday afternoon and evening. Skies will clear overnight with chilly morning temperatures. Parts of Colorado's mountains will fall below zero overnight with a morning low of only 17 degrees expected in Denver. Weather tomorrow: sunshine returnsSunshine and dry weather will return on Tuesday with breezy afternoon winds. Denver's high temperature will climb to 51 degrees. With sunny skies and temperatures well above freezing, the snow that is left on the ground will see significant melting. Looking ahead: another chance of snowWednesday will stay dry with highs in the mid-50s. The next storm system on the Front Range will move in late Thursday into Friday...

6 killed at Nashville school, deceased shooter identified

Published Tue, 05 Nov 2024 14:35:11 GMT

NASHVILLE, Tenn. (WKRN) -- Three children, three adults, and the female suspect were killed in a shooting at a school in the Nashville neighborhood of Green Hills on Monday morning. Nexstar's WKRN reports the shooter shot her way into the campus. The Nashville Fire Department said the shooting happened at The Covenant School, a private Christian school with an enrollment of about 200 students from preschool to sixth grade. It was initially reported as an "active shooter" incident at 10:13 a.m., Nashville police spokesperson Don Aaron said. When police entered the school's first story, they heard gunshots coming from the second floor, Aaron said. They immediately "went to the gunfire," he said, where they found a woman armed with two assault rifles and a handgun who was firing. Three children and three adults were shot and killed, police confirmed in a press conference. The three adult victims were staff members. FBI data shows why female suspect makes Covenant School shooting unu...

CSU cancels classes after Fort Collins gets 10 inches of snow

Published Tue, 05 Nov 2024 14:35:11 GMT

FORT COLLINS, Colo. (KDVR) -- Fort Collins received 10 inches of snow on Monday and Colorado State University canceled classes."I was not expecting this. I was thinking maybe our tennis practice would be canceled with the club, but I didn't expect there to be this much snow," said student Ellie Hartman.Hartman was pleased to see that the school had cleared a lot of snow by noon."They did a really good job of clearing all the snow from the sidewalk," she said. Snowfall totals: Here’s how much snow fell in your city on Monday University staff said at 6:30 Monday morning they had already received 8.5 inches of snow. This is CSU's second weather closure this academic year. The school closed on Jan. 18 for snow and cold.Students say they are glad that conditions improved quickly and roads looked much better by the afternoon."When I first got up it was still snowing very hard. It was about 5 o'clock in the morning and now the roads are clear, and it feels like I could probably...

Nashville school shooter had drawn maps, done surveillance

Published Tue, 05 Nov 2024 14:35:11 GMT

NASHVILLE, Tenn. (AP) — The suspect in a Nashville school shooting on Monday had drawn a detailed map of the school, including potential entry points, and done surveillance before killing three students and three adults in the latest in a series of mass shootings in a country growing increasingly unnerved by bloodshed in schools.The suspect, who was killed by police, is believed to be a former student at The Covenant School in Nashville, where the shooting took place.The victims were identified as Evelyn Dieckhaus, Hallie Scruggs, and William Kinney, all 8 or 9 years old, and adults Cynthia Peak, 61; Katherine Koonce, 60; and Mike Hill, 61.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.NASHVILLE, Tenn. (AP) — A woman wielding two “assault-style” rifles and a pistol killed three 9-year-old students and three adults at a private Christian school in Nashville on Monday in the latest in a series of mass shootings in a country growing increasingly unnerved by bloodshed ...

Police: Blood, video link doctor to lawyer’s disappearance

Published Tue, 05 Nov 2024 14:35:11 GMT

Investigators have blood, video and other evidence linking a Tampa-area plastic surgeon to the disappearance and presumed death of a lawyer who was representing former colleagues the doctor is suing, prosecutors said in court documents filed Monday.The lawyer’s body has yet to be found, but prosecutors have charged Dr. Tomasz Kosowski with first-degree murder. He has pleaded not guilty.Security video shows someone driving Kosowski’s pickup truck last Tuesday morning outside the law firm where Steven Cozzi worked. The person went inside wearing a backpack and gloves and carrying a large box, prosecutors said.Almost two hours later, it appears the same man exits Blanchard Law wearing different clothes, pulling a large cart containing something in a bag or covered by a blanket. He struggled with its weight as he pulled it near the truck, prosecutors said. The man then stops.At about this time, Kosowski, 44, dialed into a telephone conference about his lawsuit. Cozzi had bee...