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Parent company of Silicon Valley Bank files for bankruptcy

Published Tue, 04 Mar 2025 08:43:28 GMT

NEW YORK — The parent company of Silicon Valley Bank filed for Chapter 11 bankruptcy protection Friday, 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 from SVB Financial Group was widely expected, with much of the company now under the control of banking regulators. The bank was seized last week by the federal government.In other developments, the bank, its CEO and its chief financial officer 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.SVB Financial Group is no longer affiliated with Silicon Valley Bank after the bank was taken over by the Federal Deposit Insurance Corporation. The bank’s successor, Silicon Valley Bridge Bank, was not included in the Chapter 11 filing.The bankruptcy filing by SVB Financial Group creates a legal battle over the bank’s remaining assets between th...

Little Village woman missing since January found dead in laundry cart on West Side

Published Tue, 04 Mar 2025 08:43:28 GMT

CHICAGO — The family of a woman, reported missing from Little Village in January, has confirmed her body has been found.Relatives said the body of 21-year-old Rosa Chacon was found Wednesday in a laundry cart in an alley near 24th and Western Avenue on the city's West Side. Police identified Chacon by the multiple tattoos on her body, family members said.She was last seen by relatives outside her home on Jan. 18. Home security video captures Chacon getting into an Uber rideshare in the 2800 block of South St. Louis. Woman, 21, missing from Little Village since January, family says It is unclear where she was headed, but relatives said Chacon wasn’t the one who called for the ride. According to family members, Uber refused to give them the identity of the person who requested the rideshare.The Cook County medical examiner has not yet determined a cause of death.WGN has reached out to Uber for a response but have not yet heard back.

Ticketmaster gives partial refund, lower fees to Cure fans after Robert Smith's crusade

Published Tue, 04 Mar 2025 08:43:28 GMT

After saying he was "sickened" over Ticketmaster's fees, Robert Smith has gotten partial refunds for attendees of The Cure's upcoming tour.Additionally, Smith said lower fees will be offered for future shows on the tour which have not gone on sale yet."AFTER FURTHER CONVERSATION, TICKETMASTER HAVE AGREED WITH US THAT MANY OF THE FEES BEING CHARGED ARE UNDULY HIGH," Smith wrote on Twitter.He went on the say the company has offered a $5 to $10 refund for verified fan accounts as a "gesture of goodwill."On Tuesday, the band announced their upcoming tour will use Ticketmaster’s verified fan system in an effort to reduce scalping.Smith said the band declined to use Ticketmaster’s dynamic pricing and platinum tickets, calling it a “greedy scam.” Previous — ‘Sickened’: Robert Smith blasts Ticketmaster fees ahead The Cure’s upcoming tour Once tickets went on sale, he noticed several tickets did end up in the hands of online resale marketplaces for much-higher prices than face value.One ma...

Woman bitten twice by deadly blue-ringed octopus, sent to Australia hospital

Published Tue, 04 Mar 2025 08:43:28 GMT

SYDNEY, Australia (WJW) – A woman swimming by a beach near Sydney, Australia, was taken to the hospital Thursday afternoon after she was bitten twice by an extremely venomous blue-ringed octopus, according to local reports. The woman, who is in her 30s, picked up a shell while swimming at Chinamans Beach in Mosman, according to The Australian newspaper. The octopus, which was inside the shell, fell out and bit the woman in the stomach.Paramedics quickly jumped into action to help the woman, who was experiencing abdominal pain around the bite. She was taken to a Royal North Shore hospital for treatment, according to The Australian, which obtained photos of the small octopus after capture. Lost pet snake hitches ride across Virginia in U-Haul; owner plans to reunite According to the Australian Institute of Marine Science, blue-ringed octopus venom is extremely dangerous and stings have led to at least three known human deaths. Its venom is 1,000 times more potent than cyanide and c...

WATCH LIVE | Biden cabinet member discusses Chicago gun violence, mental health

Published Tue, 04 Mar 2025 08:43:28 GMT

CHICAGO — U.S. Health and Human Services (HHS) Secretary Xavier Becerra is in Chicago Friday to focus on mental health and gun violence in the area.Becerra will join a community roundtable at Kennedy-King College alongside U.S. Rep. Jonathan Jackson (D-IL-01) and U.S. Sen. Dick Durbin (D-IL). The trio will then hold a media availability following the roundtable discussion. AG: Illinois lottery employee stole, redeemed winning tickets WGN plans to livestream the media availability within this story beginning at approximately 11:45 a.m.

Trudeau Launches $4 Billion Housing Accelerator Fund To Create 100,000 New Homes

Published Tue, 04 Mar 2025 08:43:28 GMT

Police chase ends with vehicle crashing into Travis County courthouse

Published Tue, 04 Mar 2025 08:43:28 GMT

AUSTIN (KXAN) — Austin Police said after a chase overnight Thursday into Friday, the driver of a vehicle crashed into a building. The building was the Travis County Civil Courthouse off Guadalupe Street in downtown Austin.APD said on Friday at approximately 12:22 a.m., officers attempted to conduct a traffic stop in the 700 block of East 11th Street.According to police, that incident resulted in a chase that ended with the driver of the vehicle crashing into a building in the 1000 block of Guadalupe Street.APD said four people were found in the vehicle, and they were later taken to the hospital with non-life-threatening injuries.

Austin weather history: The hottest, coldest and wettest St. Patrick's Days

Published Tue, 04 Mar 2025 08:43:28 GMT

AUSTIN (KXAN) — What kind of weather does Austin typically see on St. Patrick's Day?A high of 74, a low of 52 and about 0.09" of rain. But what about the extremes?The National Weather Service has weather data for Austin dating back to the 1890s.KXAN dug through the archives to find the hottest, coldest and wettest St. Patrick's Days in history.Austin has never hit 90° on March 17, but we've come close. Camp Mabry — Austin's official weather reporting site — got to 89° on St. Patrick's Day in 1972, making it the hottest in recorded history.Several other years have seen highs in the mid-80s, most recently in 2018.On the other end, eight St. Patrick's Days in Austin failed to reach 60°. The coolest March 17 in history was in 2000, with the high temperature only reaching 51° at Camp Mabry, well below the average of 74°.And what about low temperatures? Austin has dropped to freezing on St. Patrick's Day only once in recorded history. Camp Mabry bottomed out at 30° in 1913.The rest of the...

LULAC: 'We want our soldiers protected and mission-ready'

Published Tue, 04 Mar 2025 08:43:28 GMT

FORT HOOD, Texas (KXAN) -- The League of United Latin American Citizens (LULAC) held a press conference Friday morning outside of Fort Hood, where they called for a "top-down" investigation by the Pentagon and the FBI into the death of U.S. Army private Ana Basalduaruiz. Army Criminal Investigation Division officials said in a press release Thursday that "no foul play" was evident, and that Basalduaruiz's death remains under investigation.LULAC Communications Director David Cruz said at the press conference that the group was not there to attack the U.S. Army, but to advocate for the safety of soldiers so they can best serve the nation. LULAC demands federal investigation into Ft. Hood soldier’s death "For the Army to say 'no foul play' would also indicate a tone deafness to the concerns of the father and the mother of Ana Basalduaruiz, who stated that she had been the target of alleged sexual harassment, repeated and consistent sexual harassment, by other service members, up to a...

NYSP: Albany man throws loaded gun out of a moving car

Published Tue, 04 Mar 2025 08:43:28 GMT

ALBANY, N.Y. (NEWS10) -- On Thursday, Alexander T. Wilson, 30, was arrested on two charges of Criminal Possession of a Weapon, Criminal Impersonation, and other Vehicle and Traffic Law violations. Wilson was arraigned and remanded to the Albany County Correctional Facility without bail. Get the latest, news, weather, sports and community events delivered right to your inbox! According to the police, Wilson was pulled over on I-90 for a Vehicle and Traffic Law violation. A tow truck driver on I-90 observed what appeared to be a handgun being thrown from Wilson's vehicle and notified another trooper assisting them with an unrelated matter. The officer located and secured a loaded handgun. Police determined that Wilson illegally possessed the firearm and had thrown the gun out of his car.