Harvard endowment arm to overhaul investment process, cut staff by half
BOSTON (Reuters) – Harvard University plans to outsource most of its investment management activities and cut its staff by roughly half, in a dramatic overhaul in how the Ivy League school’s $35.7 billion endowment is managed.
Trump to choose U.S. Supreme Court justice nominee on February 2
WASHINGTON/PHILADELPHIA (Reuters) – U.S. President Donald Trump said on Wednesday he will make his choice to fill the vacancy on the U.S. Supreme Court on Feb. 2 as he seeks to restore the conservative majority on the high court, prompting Republicans …
Illinois governor cheers on effort to end budget impasse
CHICAGO (Reuters) – Illinois’ governor on Wednesday offered encouragement for a bipartisan bid to end the state’s record-setting budget stalemate, as Chicago’s mayor needled the chief executive for failing to deliver results.
Prosecutor urges Arizona man’s conviction for Islamic State support
NEW YORK (Reuters) – A federal prosecutor on Wednesday urged jurors to convict an Arizona man who she said played a vital role in helping a New York college student travel to Syria, where he died fighting for Islamic State.
New York prosecutor drops charges against Fiat heir Lapo Elkann
NEW YORK (Reuters) – New York prosecutors have dropped charges that Lapo Elkann, grandson of late Fiat patriarch Gianni Agnelli, falsely reported he was kidnapped in November in an effort to get ransom money.
Trump’s Mar-a-Lago resort hikes membership fees to $200,000
(Reuters) – The Mar-a-Lago private resort owned by the Trump Organization in Palm Beach, Florida, hiked its membership fees to $200,000 in January after Donald Trump was elected U.S. president, a resort official said.
Child sex trafficking victims sue Backpage.com in four states
(Reuters) – Online classified site Backpage.com was hit with child sex trafficking lawsuits in four states on Wednesday, expanding a high-stakes legal fight over a law that shields a wide range of online publishers from liability for content on their s…
New York City subway avoids base fare hike, but other rates to rise
NEW YORK (Reuters) – New York City subway riders will not face a 25-cent hike on the system’s base $2.75 fare, but the cost of weekly, monthly and bonus MetroCards will rise, the Metropolitan Transportation Agency (MTA) said on Wednesday.
Trump’s call for probe of voter fraud sparks backlash
WASHINGTON (Reuters) – President Donald Trump said on Wednesday he would seek an investigation into what he believes was voter fraud in the November election, despite overwhelming consensus among state officials, election experts and politicians that i…
Former President George H.W. Bush could leave hospital over weekend
AUSTIN, Texas (Reuters) – Former U.S. President George H.W. Bush is improving from a case of pneumonia that has kept him in a Houston hospital for more than 10 days and could go home by the weekend, a spokesman for the president’s office said on Wednes…
