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Tuesday, May 23, 2017

Bond market braces for impact of New York's free tuition plan

NEW YORK (Reuters) - Little known private colleges that are already struggling to grow their revenues are facing a new threat that could further weaken their finances and make borrowing harder: free tuition at public universities.

New England prep school: 13 past staffers engaged in sexual misconduct

BOSTON (Reuters) - An elite New Hampshire prep school acknowledged on Monday that 13 former members of its staff engaged in sexual misconduct with students in incidents dating back decades, following an independent review by a Boston law firm.

Texas House passes 'bathroom bill' targeting public schools

AUSTIN, Texas (Reuters) - The Texas House of Representatives gave formal approval on Monday to a bill that would restrict bathroom access for transgender students in public schools, a measure that critics say promotes discrimination against such children.

Trump seeks to slash government spending in budget plan

WASHINGTON (Reuters) - The White House on Tuesday will ask Republicans who control the U.S. Congress - and federal purse strings - to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit.

Unruly passenger aboard Hawaii flight prompted bomb scare: FBI

(Reuters) - A Turkish man prompted a bomb scare aboard a weekend American Airlines flight from Los Angeles to Honolulu through a series of outbursts culminating in a desperate scuffle with crew members and fellow passengers, the FBI said in court documents filed on Monday.

Trump administration wants Obamacare subsidy case put on hold, again

WASHINGTON (Reuters) - The Trump administration asked on Monday that a major federal court case weighing the fate of the Obamacare cost-sharing subsidies be put on hold again, leaving billions of dollars in payments to insurers up in the air for 2017 and 2018.

Online insurer Fabric launches life coverage for New York parents

(Reuters) - Fabric, a web-based insurance agency that promises new parents accidental death coverage in two minutes, opened for business in New York on Tuesday following the state's approval of its key product, the company said.

Ex-employee of U.S. defense firm pleads guilty in espionage case

(Reuters) - A former employee of a U.S. defense contractor has pleaded guilty to charges of attempting to sell sensitive satellite information to a person he believed was a Russian intelligence agent, the U.S. Justice Department said on Monday.

Father of tourist killed in NYC attack: 'She loved Times Square'

NEW YORK (Reuters) - A framed tribute from the father of an 18-year-old Michigan woman killed last week in New York's Times Square appeared on Monday morning near the spot where a driver intentionally hit her, circled by a rain-soaked mound of flowers and stuffed toys.

Boston art heist solved? Nope, just fraud attempt, prosecutors say

BOSTON (Reuters) - A West Virginia man was arrested on Monday and charged with fraudulently claiming he could sell some of the $500 million in artwork stolen from a Boston museum a quarter century ago, even though he had no access to the long-sought masterpieces.