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Banking giant UBS is acquiring smaller rival Credit Suisse

Published Fri, 27 Dec 2024 12:38:20 GMT

BERN, Switzerland (AP) — Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night. Swiss president Alain Berset, who did not specify a value of the deal, called the announcement “one of great breadth for the stability of international finance. An uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the international financial system.”Credit Suisse is designated by the Financial Stability Board, an international body that monitors the global financial system, as one of the world’s globally systemic important banks. This means regulators believe its uncontrolled failure would lead to ripples throughout the financial system not unlike the collapse of Lehman Brothers 15 years ago.Sunday’s news conference follows the collapse of two large U.S. banks last week that spurred a frantic, broad response from the U....

Swiss president announces plan for Swiss bank UBS to take over troubled rival Credit Suisse

Published Fri, 27 Dec 2024 12:38:20 GMT

BERN, Switzerland (AP) — Swiss president announces plan for Swiss bank UBS to take over troubled rival Credit Suisse.Source

Xavier beats Pitt 84-73, reaches 1st Sweet 16 since 2017

Published Fri, 27 Dec 2024 12:38:20 GMT

GREENSBORO, N.C. (AP) — Jack Nunge scored 18 points, Adam Kunkel added 15 on five first-half 3-pointers, and No. 3 seed Xavier beat 11th-seeded Pittsburgh 84-73 on Sunday to reach its first Sweet 16 since 2017.Colby Jones had 10 points, 14 rebounds and seven assists, and Souley Boum and Jerome Hunter each chipped in with 14 points as all five Xavier starters scored in double digits.Xavier distributed the ball well, particularly early on with 17 assists on 19 baskets in the first half to build a 48-34 lead at the break. The Musketeers finished with 22 assists.Xavier (27-9) moves on to play No. 2 seed Texas on Friday in the Midwest Region semifinals in Kansas City, Missouri.Blake Hinson scored 18 points and Jamarius Burton had 16 for Pitt (24-12).Nunge set the tone early, dominating the paint with eight points in the first 10 minutes while Jones knocked down two 3s as the Musketeers built a 28-18 lead.The Musketeers then blew the game open with a 12-2 run behind Kunkel, who made two 3...

2 Fulham players, coach sent off in chaos at Man United

Published Fri, 27 Dec 2024 12:38:20 GMT

MANCHESTER, England (AP) — Fulham had two players and manager Marco Silva sent off in a frantic five minutes against Manchester United as their FA Cup dreams collapsed on Sunday. Leading 1-0 in the quarterfinal match at Old Trafford, the game was turned round after United was awarded a penalty when Willian handled Jadon Sancho’s goalbound shot.Aleksandar Mitrovic had put the visitors ahead in the 50th minute. Sancho looked set to even the score until Willian blocked on the line. VAR asked referee Chris Kavanagh to review the incident on the monitor on the side of the field, which clearly showed Willian used his arm to divert the shot. Silva was shown a red for remonstrating on the touchline and Willian was then sent off for the handball, which was a professional foul. Mitrovic was shown another red for his angry reaction. Bruno Fernandes scored from the spot in the 75th minute and Marcel Sabitzer put United 2-1 ahead in the 77th. United won the game 3-1.___More AP soccer: http...

Hepburn and Wisconsin knock off Liberty 75-71 in NIT

Published Fri, 27 Dec 2024 12:38:20 GMT

MADISON, Wis. (AP) — Chucky Hepburn led Wisconsin with 27 points and Max Klesmit secured the victory with a layup with 42 seconds left as the Badgers knocked off Liberty 75-71 on Sunday in the NIT.Hepburn shot 9 for 20 (0 for 6 from 3-point range) and 9 of 11 from the free-throw line for the Badgers (19-14). Tyler Wahl added 16 points while shooting 5 of 6 from the field and 6 for 7 from the line, and he also had six rebounds. Steven Crowl had 14 points and went 7 of 9 from the field.The Flames (27-9) were led by Darius McGhee, who recorded 31 points, six rebounds and four assists in his final collegiate game. The 5-foot-9 McGhee, who has scored at least 30 points in five games this season, is the program’s all-time leading scorer with 2,685 career points. Liberty also got 16 points from Kyle Rode. In addition, Shiloh Robinson finished with nine points.Wahl scored a team-high 14 points for Wisconsin in the second half.___The Associated Press created this story using technology...

Real Sociedad stays 4th with win at Elche in Spanish league

Published Fri, 27 Dec 2024 12:38:20 GMT

MADRID (AP) — Takefusa Kubo scored as Real Sociedad beat last-place Elche 2-0 to end its winless streak and regain sole possession of fourth place in the Spanish league on Sunday.Ander Barrenetxea also scored in the second half for Sociedad, which hadn’t won in six games in all competitions, including four straight in the league. It was coming off elimination against Roma in the Europa League on Thursday.The win gave the Basque Country club a three-point gap over fifth-place Real Betis in the fight for the Champions League places.Playmaker David Silva led Sociedad over Elche, which has won only two of its last 11 league games. It sits 14 points from safety.Sociedad’s last league win had been at Espanyol in February.Betis ended its four-game winless streak in all competitions with Borja Iglesias scoring a second-half goal in a 1-0 victory over midtable Mallorca at home. Betis had been eliminated by Manchester United in the Europa League.Villarreal, another Spanish club that failed to...

1 killed in shooting on Santa Fe Drive

Published Fri, 27 Dec 2024 12:38:20 GMT

DENVER (KDVR) -- One person was killed after a shooting in the area of 6th Avenue and Santa Fe Drive in Denver Sunday morning.The Denver Police Department said at 8:05 a.m. that a victim was found with "unknown extent of injuries." At 2:26 p.m. DPD said that the victim was pronounced dead on scene and that it was being investigated as a homicide. Woman says she was assaulted by Uber driver in Denver, feels more needs to be done The identity of the victim will be released by the Denver Office of the Medical Examiner.Anyone with information about the incident was asked to call Metro Denver Crime Stoppers at 720-913-7867.

Wildfire burning in Poudre Canyon, voluntary evacuations issued

Published Fri, 27 Dec 2024 12:38:20 GMT

LARIMER COUNTY, Colo. (KDVR) -- A wildfire sparked in Poudre Canyon on Sunday and several crews are working to contain what has been named the Arrowhead Fire.Highway 14 in Poudre Canyon from Arrowhead Lodge east to Riverside Drive, including residences on Riverside Drive, is under a voluntary evacuation, the Larimer County Sheriff's Office said. 1 killed in shooting on Santa Fe Drive The Canyon Lakes Ranger RD said in a tweet that the fire is burning approximately 7 to 8 acres as of 2:30 p.m. According to the National Weather Service, northeast and north-central Colorado, which includes Larimer County, are under a hazardous weather outlook."Over the mountains and higher Foothills, a few wind gusts up to 60 mph may occur through the early afternoon," the NWS site said. This is a developing story and updates will be added as they are received.

Div. 2 girls: Duxbury snaps Canton hex, takes home hockey title

Published Fri, 27 Dec 2024 12:38:20 GMT

As Duxbury head coach Dan Najarian put it, Canton had become his Dragons’ “kryptonite” after a three-game dry spell against the Bulldogs, including being eliminated in last year’s Div. 2 semifinals.The winless streak came to a glorious end for the second-ranked Dragons Sunday as they rolled to a 5-2 win over No. 4 Canton in the Div. 2 finals at TD Garden.Duxbury got a pair of tallies from Madeleine Greenwood and a goal and assist from McKenna Colella as the Green Dragons finished a stellar 24-1-2 record. Canton, which lost to Algonquin in the 2022 final, had tallies from three different players to finish at 19-3-4.“It’s like that four-title team from the 2010s was a thing of yesteryear,” said Najarian. “It’s been nine years and I couldn’t be prouder of the girls. We had five goals and had four of them by freshmen and sophomores. It’s encouraging for the future too.”Duxbury was aggressive from the first faceoff a...

Laremy Tunsil becomes highest-paid OL after signing $75M extension: reports

Published Fri, 27 Dec 2024 12:38:20 GMT

Houston Texans left tackle Laremy Tunsil agreed to a three-year, $75 million contact extension, according to reports.The new deal makes Tunsil the highest-paid offensive lineman in the NFL. The deal includes a $30 million signing bonus with $50 million fully guaranteed and $60 million in total guarantees, according to ESPN. The 28-year-old’s extension comes after being selected to his third Pro Bowl last season. He started in all 17 games for the Texans (3-13-1) last season and ranked among the best at the left tackle position.Tunsil allowed just one sack all season and ranked 17th among offensive tackles with a 91.9% pass block win rate.The former Ole Miss star told ESPN in December he wanted to be the highest paid offensive tackle. The contract extension reached Tunsil’s goal, surpassing 49ers left tackle Trent Williams, who makes $23.01 million per year.The Miami Dolphins picked Tunsil 13th overall in the 2016 NFL Draft. Tunsil was expected to get selected higher in t...