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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
Bloomberg  
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
Blue Shield faces new criticism of shortchanging consumers in California
Blue Shield of California, already under scrutiny by state officials, is facing new criticism that it didn't adequately pay back policy holders for excessively spending on administrative costs in 2014.
ObamaCare Is Killing The Blues  Investor's Business Daily
In Second Year of Modest Growth, Blue Cross Blue Shield Plan Administrative ...  Business Wire (press release)
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
Richard Branson Calls For Re-Vote, Questions Intelligence Of UK Voters
Sir Richard Branson listens to a speaker at the Global Commission on Drug Policy in New York, in this September 9, 2014 file photo.
Four Pitch Tips From Richard Branson, Sara Blakely And Tyra Banks  Forbes
Richard Branson: Brexit killed my big deal  CNNMoney
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
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 challenges San Francisco over rental law  BBC News
Airbnb Sues San Francisco Over Rental Rules  BuzzFeed News
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.
U.S. economic outlook lowered after Brexit  CNNMoney
When will the British economy fall into recession following the Brexit vote?  The Independent
Cisco to acquire API-based app security startup CloudLock for $293M
Twilio isn't the only company banking on API-based services as the way forward for enterprises. Today, Cisco announced it plans to pay $293 million in a mix of cash and equity to acquire CloudLock, a cloud-based security provider that uses APIs to let ...
Cisco reinforces cloud security technology with $293M CloudLock buy  Network World
Cisco To Buy Cloud Security Company CloudLock, Giving Partners An ...  CRN