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US futures tick down, regional bank stocks still sliding

Published Tue, 25 Feb 2025 14:18:03 GMT

BEIJING — Wall Street drifted lower before the bell Thursday, even as European shares got a boost after Credit Suisse said it would borrow up to $54 billion from Switzerland’s central bank to shore up its finances, possibly easing worries about a bank crisis following the failure of two U.S. lenders.Futures for the Dow Jones Industrial Average were off 0.3% before the bell and futures for the S&P 500 dipped 0.1%.Credit Suisse’s shares soared 30% on Thursday after it announced the loan, bolstering confidence as fears about the banking system moved from the U.S. to Europe.It was a massive swing from a day earlier, when shares of Switzerland’s second-largest commercial bank plunged 30% on the SIX stock exchange after its biggest shareholder said it would not put more money into Credit Suisse.That dragged down other European banks after the collapse of some U.S. banks stirred fears about the health of global banks. European bank shares recovered a bit Thursday, with the Euro S...

Aimia reports $23.3M net loss in Q4 as it prepares to close Trufopes, Bozzetto deals

Published Tue, 25 Feb 2025 14:18:03 GMT

TORONTO — Aimia Inc. reported a $23.3 million net loss in its most recent quarter, a period that preceded two manufacturing acquisitions.The Toronto-based holding company says its fourth quarter results compared with a net loss of $14.6 million in the same period the year before.The company says its basic loss per common share for the three months ended Dec. 31 amounted to 32 cents per share compared with 19 cents per share a year ago.Highlights of Aimia’s quarter include its January announcement revealing it will purchase ropes and netting manufacturer Tufropes Pvt Ltd. for $252.6 million. The Trufopes transaction is expected to close Thursday and result in $130 million in annual revenue.Aimia will also buy Italian chemical manufacturer Giovanni Bozzetto S.p.A for $332.4 million, with the deal set to close in the second quarter of this fiscal year.This report by The Canadian Press was first published March 16, 2023.Companies in this story: (TSXAIM)The Canadian Press

CPD: Woman stabbed during argument in River North

Published Tue, 25 Feb 2025 14:18:03 GMT

CHICAGO — A woman was stabbed early Thursday morning in River North.At around 1:20 a.m., police responded to the 700 block of North LaSalle on the report of a stabbing.Police believe a 34-year-old woman was arguing with another woman when she was stabbed by her.She sustained wounds to the chest and side and was transported to Northwestern in fair condition. 14-year-old boy seriously wounded in South Side drive-by shooting No one is in custody. Anyone with information can leave an anonymous tip at cpdtip.com.

Little Village discount mall vendors plan caravan to avoid eviction

Published Tue, 25 Feb 2025 14:18:03 GMT

CHICAGO — The 25th alderman plans to lead a group of vendors to Novak Construction, demanding a new agreement is made to avoid them from being evicted from the discount mall. Sources told WGN there will be 70 vehicles apart of the caravan and it will include street vendors as well as those who rent from the discount mall in Little Village.In February, some vendors were given until March 26th to move out of the mall. Vendors day they were told by P K Mall management to liquidate their merchandise after a proposed rent increase in the lease renewal offer was found to be unreasonable and unsustainable. Ravinia Festival announces 2023 summer lineup Novak Construction is planning renovations that will include new building facades and roofs, a new surface parking lot and lighting and signage."To shut down half of the businesses in this discount mall is unacceptable," Ald. Byron Sigcho-Lopez said. The caravan of 70 vehicles will meet up at the discount mall Thursday morning, hoping it w...

Rainy, windy Thursday in Chicago, temp drop ahead of weekend

Published Tue, 25 Feb 2025 14:18:03 GMT

Thursday is looking cloudy with rain showers and breezy winds of S 10-15, gusts of 30 mph. High: 47Rain showers accumulating out West, to make its way to Chicagoland area.Thursday Night: Cloudy, rain, warm late then temp drop, WNW 15-25 G40. 33 Interactive Radar: Track showers and storm here Friday Night: AM Rain/Snow Chance, Decreasing clouds, windy, WNW 15-25 G40. High: 37Full forecast details at the WGN Weather Center

Ride the new TRON Lightcycle Run roller coaster at Walt Disney World

Published Tue, 25 Feb 2025 14:18:03 GMT

It was 2017 when Disney officials took the stage at their D23 Convention and announced that a new roller coaster, TRON Lightcycle / Run, would be coming to Walt Disney World’s Magic Kingdom Park. In just a few weeks, The Grid is ready to make its debut. TRON is a launching, motorcycle style coaster that sends riders - or what they call users - through a digital world. You are on Team Blue as it faces off against Team Orange. As you zip around the interior show building, you race around screens and other visual effects. This ride is pretty much identical to the TRON roller coaster at Shanghai Disneyland. That ride opened in 2016.Here are some things to know about what is easily the most intense roller coaster at the Magic Kingdom. THE SPEEDDisney has not revealed the official speed of the launch on TRON. They have only said that this is the fastest roller coaster in all Disney Parks, along with its sister coaster in Shanghai. If you’re wondering if its a launch you can hand...

California homes teetering on edge of hillside after collapse; residents evacuated

Published Tue, 25 Feb 2025 14:18:03 GMT

(KTLA) – Just a day after officials in Orange County, California, declared a local state of emergency, residents of four residential structures in San Clemente were forced to evacuate after the collapse of a hillside at the rear of the properties.  Crews with the Orange County Fire Authority (OCFA) responded to the scene in the 1500 block of Buena Vista after receiving a 911 call about the landslide shortly after 8 a.m. Firefighters searched three properties to ensure all residents were out of the buildings, authorities said. Drone footage shows the swimming pool of one home, along with adjacent buildings, teetering dangerously close to a hillside collapse in San Clemente on Mar. 14, 2023. (OCFA)A close-up look at the swimming pool of a San Clemente residence as it teeters dangerously close to a hillside collapse on Mar. 15, 2023. Drone footage shows the swimming pool of one home, along with adjacent buildings, teetering dangerously close to a hillside collapse in San Clemente ...

'How can you wait 6 months?' Texans report long waits to get a driver license

Published Tue, 25 Feb 2025 14:18:03 GMT

PFLUGERVILLE, Texas (KXAN) – There was no line outside the driver's license mega center in Pflugerville when Kelsea Ledterman walked to the door at 8 a.m. But she was still nervous that her attempt to get a new ID might not work out in her favor.“I tried to make an appointment online, but they were months out, like four or five months out,” Ledterman said. Nearly 1M drivers at risk of losing licenses. Are you one of them? The new mom, and new Texan, only has a few weeks before her California license expires. She was hoping she would get one of the very rare walk-in slots.She didn’t.“Unfortunately, they don’t have openings until September,” Ledterman said. “We will have to see if we can get to another surrounding county or something and find something a little sooner because that is a long time to wait to be able to drive your car.”The problem looks different across the state. In 2020, DPS moved to an appointment-only system to curb long lines outside its offices.On March 13, KXAN ...

Police make arrest in 2022 Rutland homicide

Published Tue, 25 Feb 2025 14:18:03 GMT

RUTLAND, Vt. (NEWS10) -- Vermont State Police have arrested a man from Staten Island in connection to the 2022 homicide of Jonathan Naranjo. Trayvon Kisling, 18, faces several charges including first-degree murder. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! Naranjo died on Monday, November 7, 2022, after a reported shooting and car crash. Rutland City Police were alerted to the crash at about 4:15 p.m., followed by a second call reporting a shooting in the area. Police found Naranjo dead with a car involved in the crash. Following a lengthy investigation, police say they identified Kisling as the shooter. Investigators say they learned earlier this month they learned Kisling was likely in Vermont. Police obtained an arrest warrant for Kisling and found him inside a car at a Shell gas station in Brandon, Vermont, on Wednesday. He was taken into custody and taken to the Rutland Police Barracks for processing. Ulster County deputy ...

Schenectady Hardware & Electric marks 100 years in business

Published Tue, 25 Feb 2025 14:18:03 GMT

SCHENECTADY, N.Y. (NEWS10) - Schenectady Hardware & Electric (SHE) is celebrating its 100th Anniversary of being in business this year. Before it was the electrical contracting company it is today, it was a hardware store founded in 1923 by Benjamin Spraragen.Benjamin Spraragen was one of the first graduates of Union College’s electrical engineering program. Wiring hundreds of houses by day and running the hardware store by night, Benjamin labored uninterrupted during the Great Depression. His son, Donald served as President/CEO from 1982-93. He grew the residential business and expanded into light commercial industry. Grandson Larry stepped in to lead from 1993 to 2008, and under his leadership the company grew to become the largest electrical contracting firm in the area. This is Boss Lift After Larry passed away, his son Chris Spraragen, took over as president. To honor his father's legacy, he created the Lawrence Spraragen Memorial Scholarship, to help support young people...