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UBS reports pre-tax loss in 3Q but says benefits of Credit Suisse merger gather steam

Published Wed, 05 Mar 2025 04:31:32 GMT

GENEVA (AP) — UBS reported Tuesday a $255 million pre-tax loss as the giant Swiss bank shed some 4,000 jobs globally, cut costs faster than expected, and reaped billions in asset inflows in the third quarter while moving forward with its government-orchestrated merger with rival Credit Suisse.The Zurich-based bank said underlying profit before taxes came in at $884 million in the first full quarter since the merger was completed in June. Government authorities in Bern shepherded through the deal with bank chiefs to stave off a collapse of Credit Suisse and avert a financial crisis.UBS, which is striving to rid of overlap between the two former rival banks, said underlying operating expenses of $1.2 billion in non-core, legacy operation stemmed from efforts to reduce headcount and outsourcing costs. The bank said it was one quarter ahead of schedule in reaping savings from the restructuring operations, and the headcount was down more than 4,000 during the third quarter. UBS tallied $...

City council to meet following bullying allegation

Published Wed, 05 Mar 2025 04:31:32 GMT

The Chicago city council will meet Tuesday to consider censuring Mayor Brandon Johnson's former council floor leader over a case of alleged bullying last week.Last Thursday Alderman Ray Lopez said he had to stand between Carlos Ramariz-Rosa, the former floor leader, and Alderwoman Emma Mitts so Mitts could enter the chamber to vote on an advisory referendum that would ask Chicago voters to decide if the city should remain a sanctuary city. Lights shut off during immigration chaos at Chicago City Council special meeting The former floor leader was trying to prevent the chamber from having enough elected leaders to legally conduct a meeting.“It’s completely unacceptable to grab, restrain and block one of our colleagues and physically restrain and block to do her dully elected job,” Lopez said.On Monday, Ramariz-Rosa resigned his two leadership positions and issued an apology saying, “I feel awful about everything that happened. I have reached out to my colleagues to apologize direct...

Mild for Tuesday, showers possible late

Published Wed, 05 Mar 2025 04:31:32 GMT

Tuesday will see mild conditions with increasing clouds, ENE 5-10. High of 53.Tuesday night will be cloudy with scattered showers possible. ESE 10-15. Low of 47. Interactive Radar: Track showers and storms here Wednesday will be cloudy with scattered showers. Warmer condition south, NNE 5-10. 57

4 charged in theft of satirical 18-carat gold toilet titled 'America'

Published Wed, 05 Mar 2025 04:31:32 GMT

LONDON (AP) — Four men were charged Monday over the theft of an 18-carat gold toilet from Blenheim Palace, the sprawling English country mansion where British wartime leader Winston Churchill was born.This Sept. 16, 2016 file image made from a video shows the 18-karat toilet, titled "America," by Maurizio Cattelan in the restroom of the Solomon R. Guggenheim Museum in New York. Four men have been charged over the theft of an 18-carat gold toilet from Blenheim Palace, the sprawling English mansion where British wartime leader Winston Churchill was born. The toilet, valued at 4.8 million pounds, or $5.95 million, was the work of Italian conceptual artist Maurizio Cattelan. (AP Photo, File)The toilet, valued at 4.8 million pounds ($5.95 million), was an artwork titled “America” and intended as a pointed satire about excessive wealth by Italian conceptual artist Maurizio Cattelan. It was part of an art installation at Blenheim Palace, near the city of Oxford, a few days before...

Exonerated 'Central Park Five' member set to win New York City Council seat

Published Wed, 05 Mar 2025 04:31:32 GMT

(NEW YORK CITY) - Exonerated “Central Park Five” member Yusef Salaam is poised to win a seat Tuesday on the New York City Council, marking a stunning reversal of fortune for a political newcomer who was wrongly imprisoned as a teenager in the infamous rape case.Salaam, a Democrat, will represent a central Harlem district on the City Council, having run unopposed for the seat in one of many local elections playing out across New York state on Tuesday. He won his primary election in a landslide.The victory will come more than two decades after DNA evidence was used to overturn the convictions of Salaam and four other Black and Latino men in the 1989 rape and beating of a white jogger in Central Park. Salaam was imprisoned for almost seven years.New York City Council candidate Yusef Salaam speaks during an interview with The Associated Press, Wednesday, May 24, 2023, in New York. (AP Photo/Mary Altaffer, File)“For me, this means that we can really be become our ancestors’ wil...

Gravity holes: How UT's experimental mission uncovered secrets of our planet

Published Wed, 05 Mar 2025 04:31:32 GMT

AUSTIN (KXAN) -- A 'gravity hole' on Earth? Earlier this summer, researchers with the Indian Institute of Science published a paper exploring one of these 'gravity holes'. Found all over the planet, these are spots on the planet's surface where there is less gravity than in other spots. An interesting curio that we wouldn't know about if it wasn't for GRACE."It's an acronym for Gravity Recovery and Climate Experiment," said Professor Byron Tapley with the University of Texas' Center for Space Research in North Austin.GRACE was Tapley's brain child. A new type of satellite, designed to study changes in mass on the planet. Launched in 2002, the mission was run by Tapley and a team of civilians, engineered by NASA and launched by Germans.The pair of satellites orbited the entire planet every month and mapping its mass. A tiny laser connected the two and was used to measure the distance between them down to 1/10 of a human hair. Water cycle facing changes amid climate crisis; new NASA...

APD looking for two suspects in mall robbery

Published Wed, 05 Mar 2025 04:31:32 GMT

AUSTIN (KXAN) – The Austin Police Department is asking for help identifying two suspects involved in a robbery inside a store at Barton Creek Square Mall last month. It said Champs Sports was robbed on Oct. 25 around 1:20 p.m. Aug. 2023: APD investigating stabbing at Barton Creek Square Mall According to APD, the suspects entered the store and stole several items. APD said an employee tried to recover the merchandise but the suspects attacked and injured the employee. APD describes suspect 1 as Black man About 25-26 years oldAbout 6 feet tall Heavy build Black, curly hair Slight facial hairAPD said he was wearing: Hoodie with tan on top and white on bottom Tan sweatpants Black and white Nike shoesSuspect in robbery at Champs Sports on Oct. 25 (Photos from APD) Suspect 2 is described as a Black woman About 22-23 years old About 5'5"-5'6" tall Shoulder-length, black hair Possibly a tattoo on her lower back APD said she was wearing: Black jacket White shirt Den...

Albany man dies after being struck by car in Pittsfield

Published Wed, 05 Mar 2025 04:31:32 GMT

PITTSFIELD, Mass. (NEWS10) -- Pittsfield Police have reported an Albany man has died resulting from a car/pedestrian crash that happened Friday around 3:30 p.m. Police say Noor Khan Zadran, 26, died as a result of his injuries. Get the latest news, weather, sports and entertainment delivered right to your inbox! Police said an 85-year-old Pittsfield woman was driving northbound on Central Berkshire Boulevard when she struck Khan Zadran. She then continued to West Housatonic Street where she struck a pickup truck at the intersection of Lebanon Avenue. She then left the road and struck a tree.Khan Zadran was taken to Berkshire Medical Center and then to Albany Medical Center by life flight. The Pittsfield woman was taken to Berkshire Medical Center with serious injuries. OGS: Surplus vehicle and equipment auction in Albany Police say no charges have been filed at this time. Stick with NEWS10 as more information becomes available.

Crews respond to house fire in Gloversville

Published Wed, 05 Mar 2025 04:31:32 GMT

GLOVERSVILLE, N.Y. (NEWS10) -- Gloversville and Johnstown Fire Departments responded to a house fire at 19 Steele Avenue in Gloversville around 5:40 p.m. on Monday. Firefighters say no one was injured in the fire. Get the latest news, weather, sports and entertainment delivered right to your inbox! Firefighters responded to 19 Steele Avenue with a fire breaking out in the rear of a two-story home. The fire eventually stretched to the second floor.Firefighters say the house was unoccupied at the time and was under renovation. The home sustained fire, smoke, and water damage, but is considered salvageable. Lake Valley Ambulance and Gloversville Police also responded to the scene. The cause of the fire is under investigation and all units were in service at 7:53 p.m.

Ask Amy: Reconnected couple deals with silent stages

Published Wed, 05 Mar 2025 04:31:32 GMT

Dear Amy: Eight months ago, I ran into an old flame.We had a three-year relationship that ended 10 years ago.We did not stay in touch after our breakup, and we both moved on with other people for longer relationships.We each broke up with our partners in 2022, and reconnected afterward.We have been seeing each other regularly and talking or texting every day since then. It has been great!We have both matured. Our relationship is easygoing, fun, and mutually respectful.However, there have been two periods over these past months where he has been upset with a situation unrelated to me.The first time, I knew he was upset, but without warning he did not contact me for five days. I was upset and annoyed by this.I asked him to be better at communicating with me when he feels this way.We have been communicating in a healthy way since restarting our relationship. Last week he received bad news about his job and became very stressed.He verbalized a need for space, which I understand and resp...