First Citizens to acquire troubled Silicon Valley Bank – Business News

Photo: The Canadian Press North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month, rattling the banking industry and sending shockwaves around the world. The deal could reassure investors at a time of shaken confidence in banks, though the Federal Deposit Insurance Corp. and other regulators ... Read More

St. Louis sues Kia, Hyundai over rash of car thefts – Business News

Photo: The Canadian Press A federal lawsuit filed Monday by the city of St. Louis accuses automakers Kia and Hyundai of failing to install industry-standard anti-theft technology, resulting in thousands of vehicle thefts in the Missouri city. The lawsuit seeks damages in excess of $75,000 plus punitive damages. St. Louis joined several other cities that ... Read More

Bed Bath & Beyond Canada is going out of business, closing 54 stores

Bed Bath & Beyond’s Canadian operations are going out of business, according to a court filing on Friday, two days after the retailer quickly raised cash to stave off a US bankruptcy. The Canadian division, which operates 54 Bed Bath & Beyond stores and 11 buybuy BABY stores, is insolvent, the filing posted on the ... Read More