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U.S. markets news

Volkswagen Set For Near $14.7 Billion Emissions Settlement
BERLIN— Volkswagen AG VLKAY -6.44 % , attorneys for the U.S. government and angry customers are set to announce a package of measures valued at up to $15 billion to resolve the German car maker's emissions-cheating scandal in the U.S.
Volkswagen's US Emissions Settlement Will Reportedly Cost $15 Billion  Fortune
AP Source: Volkswagen Reaches $14.7B Emissions Settlement  ABC News
USA TODAY  
Airbnb Sues San Francisco Over a Law It Had Helped Pass
SAN FRANCISCO - Airbnb executives have often said that officials in San Francisco, the company's hometown, understood how to work with innovative technology companies.
Airbnb sues San Francisco — its hometown — to block new rental law  Los Angeles Times
Airbnb Sues San Francisco to Block Rental Registration Law  Wall Street Journal
Hong Kong exchange chief says no serious effects of Brexit for LME
HONG KONG, June 28 Britain's vote to leave the European Union would have no serious effects on the London Metals Exchange, as most metals traders are based in Asia, Charles Li, chief executive of the Hong Kong Exchanges and Clearing Ltd (HKEX), ...
Brexit is almost certain to push Hong Kong into recession in 2016  Quartz
European stocks shrug off some Brexit gloom  KITV Honolulu
Stocks keep falling under UK cloud
Investor jitters over the economic fallout of Britain's vote to leave the European Union sent U.S. stocks sharply lower Monday.
Stocks, pound fall again due to U.K. vote uncertainty  Houston Chronicle
Answers to 6 questions over what Brexit means to your wallet  News & Observer
Ikea Recalls 29 Million Dressers and Chests After 6 Children Crushed to Death
At least six children have been crushed to death by toppling Ikea chests, prompting the voluntary recall of about 29 million chests and dressers sold by the popular retailer, the Consumer Product Safety Commission says.
After deaths of three toddlers, Ikea recalls millions of dressers  Washington Post
IKEA Issues Voluntary Recall of Dressers and Chests That Have Killed 6 Children  People Magazine
Finding safe havens amid the Brexit fallout
The damage from last week's surprise Brexit vote is continuing this week, with U.S. equities down again sharply on Monday. No wonder one of the top search queries on Google is "Should I buy gold?
Wall Street sings Brexit blues with brutal two-day slide  Reuters
Bank Stocks Lead a Global Selloff -- WSJ  Nasdaq
ECB's Draghi calls for global central bank policy alignment
SINTRA, Portugal Central banks around the world should align their monetary policies to help prevent "destabilizing spillovers" between economies growing at different paces, European Central Bank President Mario Draghi said on Tuesday.
Draghi Seeks 'Shared Diagnosis' of What Ails Global Economy  New York Times
Draghi Calls for Global Policy Alignment to Lift Economic Growth  Bloomberg
Chipotle hatches food giveaway to win back customers
Chipotle Mexican Grill is hoping some free food will help it win back some mojo with some of its most valued customers. The chain is launching a "Chiptopia" summer promotion starting Friday that rewards customers for the number of visits.
Chipotle starts loyalty program after food scare  Bend Bulletin
Chipotle to launch complex loyalty program on Friday  Nation's Restaurant News
Fitch Downgrades the United Kingdom to 'AA'; Outlook Negative
(The following statement was released by the rating agency) LONDON, June 27 (Fitch) Fitch Ratings has downgraded the United Kingdom's Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) to 'AA' from 'AA+'.
S&P strips UK of its triple-A credit rating  MarketWatch
U.K. Rating Cut Two Levels by S&P, One by Fitch After Brexit  Bloomberg
Britain's FTSE bounces after post-Brexit slump
(ADVISORY - Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?
Want Proof Markets Were Unprepared for Brexit? Look at Midcaps  Wall Street Journal (blog)
Market pressure eases after Brexit rout  BBC News