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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.
VW faces long recovery after $14B emissions settlement  The Detroit News
Volkswagen's diesel settlement will fund range of clean air efforts  Reuters
Automotive News  
Ikea Recalls Millions Of Chests, Dressers Because Of Tip-Over Hazard
Ikea has announced a voluntary recall of 29 million chests and drawers, after three children died in the past two years because of dresser tip-over accidents.
4 Infographics To Show The Climate Skeptic In Your Life  Co.Design (blog)
IKEA recalls 29 million MALM and other models of chests, dressers after six ...  Columbus Dispatch
US first-quarter GDP revised up, Brexit risk to outlook
WASHINGTON U.S. economic growth slowed in the first quarter but not as sharply as previously estimated, with gains in exports and software investment partially offsetting weak consumer spending.
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.
Dow jumps 150 pts. as global markets claw back some 'Brexit' losses  USA TODAY
Dow up triple digits; energy leads  CNBC (subscription)
Dow Chemical, XALT set to cut 800 jobs in Michigan
Dow Chemical Co. said Tuesday that it will shutter silicone manufacturing plants in Greensboro, North Carolina and Japan. Loading… Post to Facebook.
Dow to cut 700 jobs in central Michigan  Detroit Free Press
Governor's office pledges its help for Dow workers facing layoff  MLive.com
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
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 challenges San Francisco over rental law  BBC News
Home Prices Setting New Highs In More Cities, Says S&P/Case-Shiller
Home prices are continuing to rise at a steady clip, with an increasing number of cities setting new highs that haven't been seen since before the financial crisis.
US Home Prices Continued Strong Growth in April, Case-Shiller Says  Wall Street Journal
With the supply of homes slight, US prices surged in April  Washington Post
What is Brexit's Impact on Global Economy?
A Pimco analyst assesses the economic fallout in the U.S. and elsewhere over the coming three to five years. Email; Print; 0 Comments; Order Reprints.
When will the British economy fall into recession following the Brexit vote?  The Independent
ANALYSTS: Brexit will bring recession ... and contagion  Business Insider
Amazon expands its Dash Button program to 50 more brands, says orders taking ...
Confirming reports from earlier this week, Amazon announced this morning an expansion of its Dash button program - the small, push-button devices that allow consumers to place orders of specific products, ranging from paper towels to trash bags to even ...
Amazon Dash buttons can now restock your Nerf ammo and Play-Doh  Mashable
Amazon expands Dash Buttons into toys, adds 50 brands, says orders have ...  GeekWire