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U.S. markets news

Citigroup to pay record fine in $7-billion mortgage settlement
Bloomberg's Scarlet Fu reports that Citigroup has agreed to pay $7 billion in fines and consumer relief to settle a claim by the U.S.
Citigroup weather $7bn MBS probe settlement  Financial Times
After Citigroup settlement, all eyes on Bank of America [The Charlotte ...  Businessweek
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Wall Street climbs on Citi earnings, M&A boost
NEW YORK (Reuters) - U.S. stocks rose on Monday, sparked by the latest flurry of merger activity and earnings from Citigroup, putting the S&P 500 on pace to climb for a second straight session.
Stocks snap higher; Citigroup climbs  Los Angeles Times
Stocks snap higher in midday trading; Citigroup up  seattlepi.com
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VW Announces New US-Built SUV But Has Catching Up To Do
Volkswagen finally let the long-awaited other shoe drop in the U.S. market as the company committed to building a new sport-utility vehicle at its Chattanooga, Tenn.
Volkswagen adds 2000 jobs in Tennessee for new SUV  USA TODAY
Volkswagen Picks Tennessee To Build Next SUV, Factory Workforce To Double ...  International Business Times
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Art & Design|A Warhol With Your Moose Head? Sotheby's Teams With EBay
An Andy Warhol at Sotheby's last fall. By teaming up with eBay, it hopes to reach buyers who might never come to a sale room. Credit Andrew Burton/Getty Images.
Sotheby's and eBay join to offer online auctions  BBC News
Sotheby's joins forces with eBay  Financial Times
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Mylan Gets Abbott Generics Business in $5.3B Deal
NEW YORK (The Deal) -- Mylan (MYL) said Monday it has a deal in place to acquire the developed markets generic drugs business of Abbott Laboratories (ABT) in a stock deal valued at $5.3 billion.
Mylan To Acquire Non-US Business From Abbott For $5.3 Billion  Forbes
Mylan and Abbott Strike a Big Deal: And the Consensus is�  Wall Street Journal (blog)
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Dollar steady against most currencies, firms on yen
NEW YORK (Reuters) - The dollar drifted around the unchanged mark against most major currencies on Monday but edged higher against the Japanese yen as investors awaited congressional testimony by Federal Reserve Chair Janet Yellen on U.S.
New details of how Yellen plans to run the Fed emerge in profile  MarketWatch (blog)
US economy: Expect all talk, no action from Fed Chair Yellen's testimony ...  Fox News
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UPDATE 2-India's June inflation eases to record low, drought remains a risk
... * Consumer inflation slows to record low of 7.31 pct. * WPI inflation falls to four-month low of 5.43 pct. * Lower food prices drive down overall inflation.
Price situation improves, weak monsoon can play spoilsport  Moneycontrol.com
India June Consumer Inflation Eases Before Rajan Review  Bloomberg
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Your Russell Stover Chocolates Will Now Be Made By Lindt
Kansas just got a little more cosmopolitan. Swiss chocolate company Chocoladefabriken Lindt & Spr�ngli announced plans to buy Russell Stover Candies, the third largest candy company in the U.S.
Lindt buys US chocolate box maker Russell Stover  Telegraph.co.uk
Swiss Chocolate Maker Lindt Will Buy Russell Stover Candies  New York Times
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Why Airlines Shunned the Smallest Airbus A350
The fuel-efficient Airbus A350, brimming with the type of exotic carbon-composite technologies Boeing (BA) introduced on the 787 Dreamliner, has seen a robust tally of orders.
Boeing and Airbus Face Off at Farnborough Airshow  Bloomberg
Airbus to launch upgraded A330  Telegraph.co.uk
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AbbVie's Bid Played Into Hands of Shire Board's Merger Expert
When AbbVie's overtures for Dublin-based drug company Shire were first announced last month, Britain's Guardian newspaper declared in a headline: �Shire Chairwoman Susan Kilsby: mergers expert now resists one.
Drugmakers Shire, AbbVie close in on $53B merger  USA TODAY
Banks lead European shares higher after Citigroup earnings  Reuters
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