Author: Reuters

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 pressed ahead...
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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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Reuters wins two Pulitzers, ProPublica takes coveted public service award
May 6, 2024 No Responses

Reuters wins two Pulitzers, ProPublica takes coveted public service award

By Joseph Ax (Reuters) -Reuters won two Pulitzer Prizes on Monday, taking home the breaking news photography award for searing images of the Israel-Gaza conflict as well as the national reporting award for a series of investigations into Elon Musk’s...
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Factbox-What’s in the three-phase ceasefire deal Hamas backs, but Israel does not?
May 6, 2024 No Responses

Factbox-What’s in the three-phase ceasefire deal Hamas backs, but Israel does not?

(Reuters) -Palestinian Islamist group Hamas said on Monday it had agreed to a three-phased deal for a ceasefire and hostages-for-prisoners swap, although an Israeli official said the deal was not acceptable to Israel because terms had been “softened&#822...
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Global shares rally on rate cut hopes, yen weakens
May 6, 2024 No Responses

Global shares rally on rate cut hopes, yen weakens

By Herbert Lash and Nell Mackenzie NEW YORK/LONDON (Reuters) -A gauge of global stock markets rallied on Monday on optimism that major central banks will cut interest rates this year, while the yen weakened against the dollar after a surge...
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Coty posts Q3 revenue beat, aims for upper end of 2024 targets on strong demand
May 6, 2024 No Responses

Coty posts Q3 revenue beat, aims for upper end of 2024 targets on strong demand

By Ananya Mariam Rajesh (Reuters) -Beauty company Coty beat Wall Street expectations for third-quarter revenue on Monday and said it expects to achieve the high end of its annual targets, riding on steady global demand for its luxury and mass-market...
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