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U.S. markets news

Asian stocks bounce, bonds benefit from the unknown
SYDNEY Asian shares were swept up in a global relief rally on Wednesday as the immediate drag from the Brexit vote began to ebb and investors wagered central banks would ultimately ride to the rescue with more stimulus measures.
Global Stocks Rally With Crude Oil as Pound Steadies; Gold Gains  Bloomberg
Asia Shares Rally as Brexit Worries Abate  Wall Street Journal
CNBC (subscription)  
Airbnb winning right not to enforce
On Monday, the home-rental business filed a lawsuit against its hometown, saying that San Francisco's attempt to get Airbnb to help enforce its housing law is illegal.
Airbnb sues San Francisco over law it helped fashion  The Seattle Times
Airbnb to be valued at $30 bn after additional investment: report  Yahoo News
Kellogg's to open all-day cereal cafe in Times Square
The hippest new Times Square restaurant believes breakfast cereal is the most important meal of the day - and will cater to a clientele eager for food and childhood flashbacks of Tony the Tiger and Toucan Sam.
Kellogg's to open cereal bar in New York  WTOP
Kellogg's is opening a cereal cafe in NYC  CNNMoney
Cleveland house-price growth holds steady, Case-Shiller report shows ...
A postal worker delivers mail in Bay Village earlier this year. (Marvin Fong/The Plain Dealer). Print Email · Michelle Jarboe, The Plain Dealer By Michelle Jarboe, The Plain Dealer The Plain Dealer Email the author | Follow on Twitter on June 28, 2016 ...
US home prices climb in April; 7 cities set new records  Las Vegas Review-Journal
Metro Atlanta home prices rise more than U.S. average  Atlanta Journal Constitution
Novartis to Co-Develop Two Xencor Bispecific Antibodies
Novartis will co-develop Xencor's two T-cell-engaging XmAb bispecific antibodies targeting acute myeloid leukemia and B-cell malignancies as part of a broader collaboration that could generate up to up $150 million upfront for Xencor, the companies ...
Xencor Announces Strategic Collaboration for Bispecific Programs, including ...  PR Newswire (press release)
Xencor (XNCR) Offers Update on Lead Product Candidates, Novartis (NVS ...  StreetInsider.com
Toyota recalls 3.37 million cars over airbag, emissions control issues
WASHINGTON/TOKYO Japan's Toyota Motor Corp has recalled 3.37 million cars worldwide over possible defects involving airbags and emissions control units.
Toyota (TM) Recalls 1.4 Million Prius, Lexus Vehicles Over Non-Takata Airbags  International Business Times
Toyota recalls 1.43 million vehicles for defective air bags  Appeal-Democrat
Economy|First-Quarter GDP Revised Up to 1.1%, but Still Shows Slowdown
Shoppers in Queens, N.Y. Retail sales and home sales rose in April and May, two hopeful signs for the economy. Credit Mark Kauzlarich/Bloomberg.
US first-quarter GDP revised up, Brexit risk to outlook  Reuters
US GDP Growth in First Quarter Revised Up to 1.1% Rate  Wall Street Journal
Energy Transfer Equity Calls Off Williams Merger
Energy Transfer Equity ETE 5.96 % LP said Wednesday that it had terminated its merger agreement with Williams WMB 3.20 % Cos. that had been valued at nearly $33 billion when it was signed last year.
Energy Transfer terminates merger agreement with Williams  Reuters
Energy Transfer Terminates $33 Billion Merger With Williams  Bloomberg
Moody's Puts UK Banking System on Negative Outlook
Moody's Investor Service on Tuesday lowered its outlook on the U.K.'s banking system to negative and cut its outlook on certain individual institutions, moves that follow its downgraded view of the country's credit rating after U.K.
UPDATE 1-Moody's cuts outlook on UK banking system, 12 banks after Brexit  Reuters
Moody's affirms Lincoln National's ratings (Baa1 sr debt); stable ...  Moodys.com (press release) (subscription)
US may screen foreign travelers' Facebook, Twitter accounts
SAN FRANCISCO - The government's next plan to curb terrorism involves snooping around the Facebook profiles of foreign travelers.
Social Media Is Complicated for Business, Too  Inside Higher Ed (blog)
Here's What People Are Using Social Media for at Work  Motley Fool