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Credit Suisse, UBS shares plunge after takeover announcement

Published Fri, 07 Feb 2025 08:38:42 GMT

GENEVA (AP) — Shares of Credit Suisse plunged 63% in early trading Monday after the announcement that banking giant UBS would buy its troubled rival for almost $3.25 billion in a deal orchestrated by regulators to stave off further market-shaking turmoil in the global banking system. UBS shares were down 14% in early trading on the Swiss stock exchange.Swiss authorities urged UBS to take over its smaller rival after a plan for Credit Suisse to borrow up to 50 billion francs ($54 billion) failed to reassure investors and the bank’s customers. Shares of Credit Suisse and other banks plunged after the failure of two banks in the U.S. raised questions about other potentially shaky global financial institutions. Credit Suisse is among 30 financial institutions known as globally systemically important banks, and authorities worried about the fallout if it were to fail.The deal was “one of great breadth for the stability of international finance,” Swiss President Alain Berset said as...

Thai Parliament dissolved, general election set for May

Published Fri, 07 Feb 2025 08:38:42 GMT

BANGKOK (AP) — Thailand’s Parliament was dissolved Monday by a government decree, setting the stage for a May general election, which has the potential to lessen the military’s influence in politics.The dissolution, just a few days before the end of the four-year term of the House of Representatives, was initiated by Prime Minister Prayuth Chan-ocha, who is seeking a fresh mandate in the vote provisionally set for May 7. The election will pit the heavily favored opposition Pheu Thai party, backed by billionaire populist Thaksin Shinawatra, against parties representing the conservative establishment, spearheaded by the military.The leading Pheu Thai candidate is Thaksin’s daughter, Paetongtarn Shinawatra, who is heavily favored in opinion polls. If elected, she would be the third member of the Shinawatra family to be prime minister in the past two decades. Her father held office in 2001-2006, and Thaksin’s sister Yingluck in 2011-2014. Both of them were toppled by military coup...

Australia won’t promise to side with US in Taiwan conflict

Published Fri, 07 Feb 2025 08:38:42 GMT

CANBERRA, Australia (AP) — The Australian defense minister says his country has made no promises to the United States that Australia would support its ally in any future conflict over Taiwan in exchange for American nuclear-powered submarines.U.S. President Joe Biden and the leaders of Australia and the United Kingdom announced in San Diego last week that Australia would purchase nuclear-powered attack submarines from the U.S. to modernize its fleet amid growing concern about China’s influence in the Indo-Pacific.Australian critics of the deal argue that the United States would not hand over as many as five of its Virginia-class submarines without assurances that they would be made available in the event of a conflict with China over Taiwan. Beijing says the self-ruled island democracy, which split with China in 1949 after a civil war, is obliged to unite with the mainland, by force if necessary. But Defense Minister Richard Marles said his government had given the United States no ...

Trump's call for protests sees muted reaction from supporters

Published Fri, 07 Feb 2025 08:38:42 GMT

WASHINGTON (AP) — Former President Donald Trump’s calls for protests ahead of his anticipated indictment in New York have generated mostly muted reactions from supporters, with even some of his most ardent loyalists dismissing the idea as a waste of time or a law enforcement trap.The ambivalence raises questions about whether Trump, though a leading Republican contender in the 2024 presidential race who retains a devoted following, still has the power to mobilize far-right supporters the way he did more than two years ago before the Jan. 6, 2021, insurrection at the U.S. Capitol. It also suggests that the hundreds of arrests that followed the Capitol riot, not to mention the convictions and long prison sentences, may have dampened the desire for repeat mass unrest. Cohen: Trump will ‘absolutely’ take mugshot, be fingerprinted if arrested Still, law enforcement in New York is continuing to closely monitor online chatter warning of protests and violence if Trump is arreste...

APD opens homicide investigation after man found following house fire

Published Fri, 07 Feb 2025 08:38:42 GMT

AUSTIN (KXAN) — Austin Police launched a homicide investigation Sunday night after a man died following a Sunday night house fire.According to APD, 911 got a call at 10:53 p.m. about someone trapped in a house that was on fire in the 9000 block of Meridian Oaks Lane. That is just east of Interstate 35 and west of Slaughter Lane. APD says police and fire crews arrived at 11 p.m. and were able to put the fire out. While searching the home, APD says AFD crews found a man in his 30s with "obvious signs of trauma incompatible with life" and was pronounced dead at the scene. Austin Police say another man was inside the home at the time of the fire. APD says that man called 911. Police believe the second man is a witness and they say he is not in custody. According to police, that man is doing okay and is talking to investigators.APD is investigating this as Austin's 18th homicide of the year.

GasBuddy: Albany prices drop after slight increase

Published Fri, 07 Feb 2025 08:38:42 GMT

ALBANY, N.Y. (NEWS10) -- Average gasoline prices in Albany have fallen 3.0 cents per gallon in the last week, averaging $3.46/g on Monday, March 20, according to GasBuddy's survey of 546 stations in Albany. Prices in Albany are 5.7 cents per gallon lower than a month ago and stand 83.7 cents per gallon lower than a year ago. The national average price of diesel has fallen 5.6 cents in the last week and stands at $4.25 per gallon. Get the latest, news, weather, sports and community events delivered right to your inbox! According to GasBuddy price reports, the cheapest station in Albany was priced at $3.03/g on Sunday while the most expensive was $3.71/g, a difference of 68.0 cents per gallon. The lowest price in the state Sunday was $2.34/g while the highest was $4.29/g, a difference of $1.95/g.The national average price of gasoline has fallen 4.2 cents per gallon in the last week, averaging $3.40/g on Monday. The national average is up 4.3 cents per gallon from a month ago and st...

DOJ: Schenectady felon admits to drug trafficking, firearm charges

Published Fri, 07 Feb 2025 08:38:42 GMT

ALBANY, N.Y. (NEWS10) -- A Schenectady felon pleaded guilty on Friday to drug possession and firearm charges to further a drug trafficking crime, according to the Department of Justice (DOJ). Charles Whorley, 35, faces five years to life in prison, a $1M fine, and at least three years to life of post-imprisonment supervision once he is sentenced. Get the latest, news, weather, sports and community events delivered right to your inbox! The DOJ says Whorley admitted to distributing fentanyl several times in June 2020, possessing 94 grams of fentanyl and 77 grams of cocaine base, which he intended to distribute, at his house in Schenectady on June 25, 2020. Additionally, Whorley, a previously convicted felon, admitted to possessing three loaded handguns to protect the drugs and cash from the dealings, according to the DOJ. Whorley will be sentenced on July 19.

Motorcyclist hospitalized after crash in Troy

Published Fri, 07 Feb 2025 08:38:42 GMT

TROY, N.Y. (NEWS10) -- A motorcyclist has been hospitalized with serious injuries after a crash in Troy near 4th Street and Madison Street, according to police. The crash happened around 8:30 p.m. Sunday night. Get the latest, news, weather, sports and community events delivered right to your inbox! Troy Police say upon arrival at the scene of the crash, they found the motorcycle driver with serious injuries who was brought to a local hospital for treatment. Police personnel says they were working to notify family members of the patient's injuries.Police say at this point details of the crash are limited. The driver of the other car is cooperating with the investigation. Residents and visitors of the area can expect a police presence at the scene, road closures, and traffic detours while the primary investigation is being completed. Andre Jackson and the Huskies dance on to Sweet 16 Anyone in the area that has information about the crash is asked to contact (518) 270-4421 or rep...

Despite a valiant, fourth-quarter effort, Catholic Central falters in state championship game

Published Fri, 07 Feb 2025 08:38:42 GMT

GLENS FALLS, N.Y. (NEWS10) -- The Catholic Central boys basketball team has gone this season where no other team in program history has gone before. And despite a disappointing conclusion to an otherwise historical campaign, the Crusaders established a culture of excellence this year, and proved they will be a force in Class B for years to come. Get the latest, news, weather, sports and community events delivered right to your inbox! "What I want people to remember (about this year) is how hard we played," said Catholic Central head coach Guy Di Bacco after the team's 66-61 loss to Sec. III's Westhill in the NYSPHSAA Boys Basketball Class B championship game Sunday afternoon. "We didn't make any excuses. We didn't back down from any challenges. We were successful more often that not. At some point the season ends, and that is disappointing. I think how hard they played, even in the fourth quarter here, is a testament to their willingness to compete, and their willingness to strive...

Ask Amy: My mom’s lie about my high school graduation was the last straw

Published Fri, 07 Feb 2025 08:38:42 GMT

Dear Amy: I have a very difficult and stressful relationship with my mother, and I don’t know what to do about it.I am 19 years old. My mother is an addict and an alcoholic, and she missed out on much of my early childhood years because of it.When I was around 8, she finally sobered up, but she still has a multitude of psychological problems, most likely stemming from years of substance abuse, and she never really grew up.She only thought about herself. She hurt me over and over again. She put her maternal duties aside and wasn’t there for me.Finally, I had enough when she missed my high school graduation last year. She lied to me about why she had missed it (turns out she was at home the whole time).Related ArticlesAdvice | Ask Amy: I turned down the job because of the interviewer’s question (and the no-pants thing) Advice | Ask Amy: After all my work, she gave me $20. Was my reaction out of line? Advice | Ask Amy: My son’s wif...