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…
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 last week from Japan’s suspected currency intervention. Stocks on both…
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 products. Shares of the company were up about 3% in…
UPS CFO Brian Newman to step down on June 1, company says
(Reuters) – United Parcel Service said on Monday that its CFO and Executive Vice President Brian Newman would leave the company on June 1. UPS will evaluate internal and external candidates to replace Newman, the firm said. “My near-term priority is to focus on my health,” Newman said in a…
Goldman Sachs criminal case over 1MDB formally ends
NEW YORK (Reuters) – A U.S. judge on Monday formally ended the U.S. government’s criminal case against Goldman Sachs related to the Wall Street bank’s work for the Malaysian fund 1MDB after it met its obligations and paid $2.9 billion in penalties. Chief Judge Margo Brodie of the federal court…
Conservative US judges boycott Columbia grads over campus Gaza protests
By Nate Raymond and Karen Sloan (Reuters) – A group of 13 conservative U.S. federal judges said on Monday that they would not hire law students or undergraduates from Columbia University in response to its handling of pro-Palestinian demonstrations. The judges, all appointees of former U.S. President Donald Trump, called…