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U.S. markets news

Volkswagen to Pay Up to $14.7 Billion to Settle Diesel-Emissions Claims
Volkswagen AG VLKAY 3.24 % has agreed to pay up to $14.7 billion to settle legal emissions-cheating claims with regulators and owners of nearly 500,000 diesel-powered vehicles, a step toward resolving a significant portion of a crisis that sparked ...
Volkswagen reaches $14.7B settlement for emissions cheating  The Hill
Volkswagen agrees to record $14.7 billion settlement over emissions cheating  CNNMoney  
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 the subdued pace overall suggests it remains vulnerable to a new round of global economic turmoil.
First Quarter U.S. Economic Growth Exceeds Previous Estimate  Bloomberg
First-quarter US GDP raised to 1.1%  MarketWatch
Dow to cut 700 jobs in Great Lakes region
Midland-based Dow Chemical Co. said today that it will cut 700 jobs in the Great Lakes Bay Region, including Michigan, as a result of its takeover of its Dow Corning amid a pending merger with rival Dupont.
Dow Chemical To Cut 2500 Jobs Ahead Of DuPont Merger  Forbes
Dow Chemical to Cut 2500 Jobs After Closing Corning Deal  Wall Street Journal
U.S. Stocks Rally as Banks, Tech Shares Bounce After Brexit Rout
U.S. stocks rose for the first time since Britain voted to leave the European Union, as banks led a rebound amid optimism that policy makers are committed to limit the fallout from the U.K.
For S&P Companies, Higher Global Exposure Means Larger Profit Declines ...  Wall Street Journal (blog)
Dow jumps more than 200 as global markets claw back some 'Brexit' losses  USA TODAY
Markets Right Now: US stocks open higher, pound stabilizes
NEW YORK - The latest on developments in global financial markets (all times local): 9:35 a.m.. Stocks are opening solidly higher on Wall Street following even bigger gains in Europe as global markets recover from a two-day rout triggered by Britain's ...
MarketsUS stocks rebound after two-day rout  Financial Times
IKEA recalls 29 million MALM and other models of chests and dressers
The E-Edition includes all of the news, comics, classifieds and advertisements of the newspaper. And it's available to subscribers before 6 a.m.
What the Ikea Recall Means to Consumers  ABC News
After deaths of three toddlers, Ikea recalls millions of dressers  Fort Worth Star Telegram
World Stock Markets Stabilize as 'Brexit' Anxiety Eases
World stock benchmarks calm down Tuesday after days of stomach-churning swings as investors started shaking off the jitters from Britain's vote to quit the European Union and its messy aftermath.
Asian Markets Settle Slightly  Wall Street Journal
Hong Kong Stocks Pare Loss on Bets Policy Makers to Calm Markets  Bloomberg
Hospital stays top $1200 out-of-pocket even with insurance, U-M study finds
Out-of-pocket costs of hospital visit stays for common conditions have risen more than 37 percent just for straightforward hospital stays for common conditions.
The Growing Cost of a Hospital Stay  New York Times (blog)
Out-of-Pocket Hospital Costs Were Rising 6.5% a Year… Before Obamacare  Insurance Journal
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
Home Prices Continue Gains In April According To The S&P/Case-Shiller ...  PR Newswire (press release)
Brexit: What the UK credit downgrades mean for Asia
If it feels you wake up every day to more bad news, spare a thought for the Brits. As the Economist described in its rather scathing report of the current situation in the UK: "Britain is sailing into a storm with no-one at the wheel.
US stocks rise minutes after opening bell  The Boston Globe
Markets Steadier After Brexit Rout  Nasdaq