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U.S. markets news

VW to pay owners up to $10K, buy back up to 475000 diesel cars
WASHINGTON - Volkswagen Group will pay $14.7 billion in a sweeping settlement that includes compensation for owners for its polluting diesel-powered cars, environmental mitigation and funds to promote zero-emissions cars.
Volkswagen's diesel settlement will fund range of clean air efforts  Reuters
Volkswagen settles emissions-cheating cases for over $15B  CBS News
Automotive News  
IKEA recalls 29 million MALM and other models of chests, dressers after six ...
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4 Infographics To Show The Climate Skeptic In Your Life  Co.Design (blog)
IKEA to Recall 29 Million Dressers, Chests in US  Wall Street Journal
US GDP Growth in First Quarter Revised Up to 1.1% Rate
WASHINGTON—The U.S. economy expanded more than previously thought in the first three months of the year, but underlying trends suggest it remains vulnerable in the face of global economic turmoil.
First Quarter U.S. Economic Growth Exceeds Previous Estimate  Bloomberg
US GDP Revised To 1.1% For Q1, Slightly Above Prior Estimate  Forbes
Wall Street moves higher after Brexit-induced selloff
Wall Street was higher on Tuesday as investors rushed to pick up stocks after Britain's decision to leave the European Union sparked a massive two-day selloff in global markets.
U.S. Stocks Rebound as Worries Ease After Two-Day Brexit Selloff  Bloomberg
Dow halves gains as opening rally loses steam  CNBC (subscription)
Dow to cut 700 jobs in central Michigan
Midland-based Dow Chemical Co. said today that it will cut more than 10 percent of its workforce in Michigan as a result of its takeover of Dow Corning amid a pending merger with rival DuPont.
Dow Chemical to cut about 2500 jobs globally  The Detroit News
Dow Chemical to Cut 2500 Jobs in Aftermath of Corning Deal  Bloomberg
Four Pitch Tips From Richard Branson, Sara Blakely And Tyra Banks
This week marks the finale of an unusual pitch competition sponsored by Virgin Media Business (the business broadband division of Virgin Media).
Richard Branson: Brexit killed my big deal  CNNMoney
Richard Branson Says Virgin Has Lost Third of Value After Brexit  U.S. News & World Report
US Home Prices Continued Strong Growth in April, Case-Shiller Says
Home prices continued rising at a steady clip in April, a reassuring signal of strength in the U.S. economy amid global uncertainty.
Metro Atlanta beats most other cities with home price hike  Atlanta Journal Constitution
Metro Detroit housing prices rose 5.7% this spring  Detroit Free Press
Don't Believe the Brexit Prophecies of Economic Doom
The shock and horror at the Brexit vote has been loud and vociferous. Some seem to be revelling in the uncertainty that the referendum result has provoked.
Imagining the UK and EU in 3 Years: Battle Scars and Fatigue Linger  Newsmax
ANALYSTS: Brexit will bring recession ... and contagion  Business Insider
Suicide threat closes US 93 at Hoover Dam bypass bridge
Hoover Dam and the Mike O'Callaghan-Pat Tillman Memorial Bridge are seen from Lake Mead on Friday, May 27, 2016. (Daniel Clark/Las Vegas Review-Journal) Follow @DanJClarkPhoto.
Hoover Dam Bypass Bridge Closed As Woman Threatens Suicide  CBS Local
Hoover Dam bypass bridge closed by woman's threat to jump  SFGate
Airbnb Sues San Francisco Over a Law It Had Helped Pass
In 2014, protesters in San Francisco demonstrated over evictions caused by landlords converting buildings to Airbnb units. Credit Justin Sullivan/Getty Images.
Airbnb Sues San Francisco Over Rental Rules  BuzzFeed News
Airbnb has sued its hometown of San Francisco  CNNMoney