(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 acquired the analytics firm Orbital Insight, a merger that will…
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 trustees’ reports released by the U.S. Treasury on Monday. The Medicare Hospital Insurance Trust Fund’s reserves are now…
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 with strikes in Rafah while planning to continue negotiations on…
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 claiming some tests had been completed. The FAA said it is investigating whether Boeing completed…
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 to the lungs, digestive system and other organs – affects an estimated 105,000 people…
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 rate cuts by the U.S. central bank have been tempered…
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 Lease shares were down about 6% at $48.61 in after hours trading….
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 largest private physician-owned for-profit healthcare network in the U.S., said…
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 manufacturing empire. ProPublica won the coveted public service award for…
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”. The United States, which alongside Qatar and Egypt has played a mediation…