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U.S. markets news

Home Prices in 20 U.S. Cities Climbed at Slower Pace in May
Home prices in 20 U.S. cities rose at a slower pace in the year ended May, keeping more properties within reach for prospective buyers.
Los Angeles-area home prices jump in May, Case-Shiller says  Los Angeles Times
US home prices rose 4.9 pct. in May, lifted by strong sales  Washington Post
Volkswagen surpasses Toyota as world's largest automaker in first half of 2015
Volkswagen surpassed Toyota as the world's largest automaker in the first half of 2015, fulfilling a long-held goal, but the achievement came at a cost.
UPDATE 2-VW overtakes Toyota as world's biggest carmaker  Reuters
Move over Toyota! Volkswagen winning global sales race  CNNMoney
Fiat Chrysler settlement with govt could prove costly
Fiat Chrysler could be required to lay out billions of dollars to get potentially defective Ram pickups and older Jeeps off the road under a deal with safety regulators to settle claims that the automaker mishandled nearly two dozen recalls.
U.S. Forces Fiat Chrysler to Buy Back Trucks in Rarely Used Move  Bloomberg
The Morning Risk Report: Auto Regulator Flexes Muscle  Wall Street Journal (blog)
UPDATE 1-SuperValu considers spinning off Save-A-Lot business
(Adds details, financial results). July 28 (Reuters) - SuperValu Inc said it was exploring a spinoff of its discount grocery chain Save-A-Lot as a publicly traded company.
SUPERVALU to Explore Separating Its Save-A-Lot Business  MarketWatch
Ford Earnings Jumped in 2nd Quarter
The Ford Motor Company reported strong profits well above expectations on Tuesday, saying that quarterly earnings were $1.9 billion, up 44 percent compared with a year earlier.
Ford profit surges as big vehicles soar  USA TODAY
Ford Profit Beats Estimates as Buyers Pay Up for F-150 Truck  Bloomberg
Global Stocks Rebound After Selloff
Global stocks rebounded Tuesday from heavy declines, as a relatively muted fall in Chinese shares allowed investors to focus on upbeat corporate earnings and the Federal Reserve's monetary-policy meeting.
Wall St. Is Mixed in Early Trading  New York Times
Stocks rise as Wall St. seeks to end 5-day slide  USA TODAY
China stock swoon is wildcard as Fed meets on rates
Federal Reserve Chair Janet Yellen presides over a meeting in Washington on July 20, 2015. (AP Photo/Manuel Balce Ceneta). As the first Federal Reserve interest rate hike in nearly a decade nears, so does the importance of every Fed meeting, policy ...
Gold sends the markets a message  MarketWatch
Grand Central: Why Budget Battles Aren't Likely to Derail Fed Rate Plans  Wall Street Journal (blog)
UPDATE 1-Corning sales miss Street on weak demand for LCD glass
(Adds executive comment, details, shares). By Abhirup Roy. July 28 (Reuters) - Corning Inc, the supplier of Gorilla glass to Apple Inc and Samsung Electronics Co Ltd, reported lower-than-expected quarterly sales due to weak demand for its glass used in ...
Corning (GLW) Stock Falls After Earnings Report
Corning Announces Second-Quarter Core Sales of $2.5 Billion  MarketWatch
UPS second-quarter profit rises, tops estimate, despite lower revenue
CHICAGO Package delivery company United Parcel Service Inc (UPS.N) on Tuesday reported higher second-quarter net profit as improved margins offset a drop in revenue.
UPS 2Q Profit Beats Street as Overseas Business Improves  New York Times
UPS Profits More Than Expected With International Growth Leading The Way  Forbes
UPDATE 1-Merck raises forecast on strong sales of diabetes, cancer drugs
(Adds details, background, share movement). July 28 (Reuters) - Merck & Co Inc reported a better-than-expected quarterly profit and boosted its full-year earnings forecast as demand for its diabetes and cancer drugs increased.
Are Merck Earnings Enough?  24/7 Wall St.
Merck tops Street 2Q forecasts despite lower sales, profit  El Paso Inc.