Author: Reuters

Columbia University cancels main graduation ceremony in wake of protests
May 7, 2024 No Responses

Columbia University cancels main graduation ceremony in wake of protests

By Julia Harte NEW YORK (Reuters) -Columbia University on Monday canceled its main graduation ceremony after weeks of pro-Palestinian protests roiled the Ivy League college’s campus, but it will still hold smaller, school-based events. “Holding a large commencement ceremony on...
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US banks report weaker loan demand, Fed survey says
May 7, 2024 No Responses

US banks report weaker loan demand, Fed survey says

(Reuters) – U.S. banks reported renewed weakening in demand for industrial loans and a decline in household demand for credit in the first quarter of the year, according to a Federal Reserve survey of senior loan officers published on Monday....
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Wozniak’s space firm, Privateer, buys Orbital Insight, raises $56.5 million
May 7, 2024 No Responses

Wozniak’s space firm, Privateer, buys Orbital Insight, raises $56.5 million

(This May 6 story has been corrected to fix the spelling of BOKA Group and Lux Capital in paragraph 2) By Joey Roulette WASHINGTON (Reuters) – Apple cofounder Steve Wozniak’s space data startup, Privateer, has raised $56.5 million and also...
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US Social Security, Medicare get slight boost from strong economy
May 7, 2024 No Responses

US Social Security, Medicare get slight boost from strong economy

By David Lawder WASHINGTON (Reuters) – Trust funds supporting Social Security and Medicare benefits for U.S. seniors showed slight improvement as stronger-than-forecast economic growth and productivity has boosted revenue collections, according to truste...
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Gaza ceasefire uncertain, Israel vows to continue Rafah operation
May 7, 2024 No Responses

Gaza ceasefire uncertain, Israel vows to continue Rafah operation

By Mohammed Salem, Nidal al-Mughrabi and Ari Rabinovitch RAFAH, Gaza Strip/CAIRO/JERUSALEM (Reuters) – Palestinian militant group Hamas on Monday agreed to a Gaza ceasefire proposal from mediators, but Israel said the terms did not meet its demands and p...
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US FAA opens probe into Boeing 787 inspections
May 7, 2024 No Responses

US FAA opens probe into Boeing 787 inspections

By David Shepardson and Allison Lampert WASHINGTON (Reuters) -The Federal Aviation Administration said on Monday it has opened an investigation into the Boeing 787 Dreamliner after the planemaker said some employees had committed “misconduct” by cl...
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Vertex tops Q1 profit estimates on robust demand for cystic fibrosis treatments
May 6, 2024 No Responses

Vertex tops Q1 profit estimates on robust demand for cystic fibrosis treatments

By Pratik Jain (Reuters) -Vertex Pharmaceuticals beat Wall Street estimates for first-quarter profit on Monday, driven by robust uptake for its blockbuster cystic fibrosis treatments. Cystic fibrosis (CF) – an inherited disorder that causes severe damage...
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Wall Street closes higher for third session on rate cut optimism
May 6, 2024 No Responses

Wall Street closes higher for third session on rate cut optimism

By David French (Reuters) -U.S. stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal Reserve cutting interest rates this year. Expectations for...
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Air Lease Q1 profit misses estimates on higher interest expenses
May 6, 2024 No Responses

Air Lease Q1 profit misses estimates on higher interest expenses

(Reuters) -Air Lease Corp said it is wrestling with delivery delays from planemakers Boeing and Airbus, after reporting a lower-than-expected quarterly profit on Monday as it made higher interest payments on funds borrowed to finance aircraft purchases. Air Le...
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US hospital network Steward files for bankruptcy, aims for new loan
May 6, 2024 No Responses

US hospital network Steward files for bankruptcy, aims for new loan

By Dietrich Knauth NEW YORK (Reuters) -Steward Health Care, which operates 31 hospitals in eight U.S. states, filed for Chapter 11 bankruptcy in Texas on Monday, aiming to secure a new loan from its landlord Medical Properties Trust. Steward, the...
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