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U.S. markets news

Volkswagen's US diesel emissions settlement to cost $15 billion: sources
WASHINGTON Volkswagen AG's (VOWG_p.DE) settlement with nearly 500,000 U.S. customers and government regulators over polluting diesel vehicles is valued at more than $15 billion cash, two sources briefed on the matter said on Monday.
Volkswagen Set For Near $15 Billion Emissions Settlement  Wall Street Journal
The Final Tally on VW's Diesel Emissions Settlement: $15 Billion
ABC News  
World stocks, sterling fight back after Brexit beating
LONDON World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers.
Banks Get Reprieve From Brexit Hammering  Wall Street Journal
Private Banks Urge Wealthy Asians to Shun Risk, Favor Credit  Bloomberg
World stock markets stabilize as 'Brexit' anxiety eases
The currency signs of the English pound and the euro are displayed at a money exchange store in Hong Kong, Tuesday, June 28, 2016.
Asian Markets Settle Slightly  Wall Street Journal
Brexit: What the UK credit downgrades mean for Asia  BBC News
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 challenges San Francisco over rental law  BBC News
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
Dow Chemical to cut 2500 jobs as part of Dow Corning deal
Dow Chemical Co (DOW.N) said it would lay off about 2,500 employees globally, or about 4 percent of its workforce, as part of a deal to assume full control of Dow Corning, which was a joint venture with Gorilla glass maker Corning Inc (GLW.
Dow cutting 4 percent of global workforce, with regional impact  Midland Daily News
Dow Chemical to cut 2500 jobs stemming from restructuring of Dow Corning  CNBC (subscription)
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.
IKEA Issues Voluntary Recall of Dressers and Chests That Have Killed 6 Children  People Magazine
After deaths of three toddlers, Ikea recalls millions of dressers  Washington Post
LendingClub to Cut 179 Positions as Loan Volumes Fall
LendingClub Corp. said Tuesday that 179 positions will be eliminated as the troubled fintech company works to regain investors confidence.
LendingClub Names Sanborn CEO, Will Cut 179 Jobs on Volume Drop  Bloomberg
LendingClub Names Scott Sanborn CEO
Takata Chief Executive to Resign in Effort to Quell Recall Scandal
TOKYO - The chief executive of Takata said on Tuesday that he would step down, as the embattled Japanese car-parts supplier sought to draw a line under the largest automotive safety recall in history.
Takata CEO Shigehisa Takada Says He Will Resign After New Management Takes ...  International Business Times
Reports: Takata CEO expected to resign  USA TODAY
Nestle's new chief expected to drive health expansion through M&A
ZURICH Nestle's (NESN.S) surprise appointment of former Fresenius (FREG.DE) chief Ulf Mark Schneider as its new CEO could trigger a series of acquisitions by the Swiss food giant to further its ambitions in nutrition and medical foods.
Nestle taps new CEO with health care industry background  U.S. News & World Report
Nestle Shares Advance as New Outsider CEO Presages Shakeup  Bloomberg