Columbia University cancels main graduation ceremony in wake of protests

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

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

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

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

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

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

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

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

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

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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