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U.S. markets news

Citigroup shrugs off $7bn MBS probe settlement
Citigroup investors have shrugged off the bank's $7bn settlement of a US government probe into the sale of mortgage-backed securities, even as the penalty wiped out almost all its second-quarter profits.
Behind the Scenes of Citigroup's $7 Billion Settlement  Wall Street Journal
UPDATE 4-Citi profit falls, hurt by $7 billion legal settlement  Reuters   Related articles »  
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.
Citigroup Equity-Trading Revenue Hurt by Ukraine Hedging  Bloomberg
Stocks snap higher; Citigroup climbs  Los Angeles Times
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VW to build mid-size SUV at Tennessee in 2016
Volkswagen says it will build a mid-size, seven-passenger crossover SUV at its Chattanooga, Tenn., factory in 2016, adding 2,000 jobs and helping VW plug a hole in its U.S.
VW Plans U.S.-Built SUV in Bid to Reverse Slumping Sales  DailyFinance
Updated: Volkswagen announces SUV made in Chattanooga as part of second ...
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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 buy Abbott generic line in $5.3B deal  Washington Observer Reporter
Mylan To Acquire Non-US Business From Abbott For $5.3 Billion  Forbes
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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 joins forces with eBay  Financial Times
Buying a Picasso with one click
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Drugmakers Shire, AbbVie close in on $53B merger
Drug maker Shire said Monday that its board expects to recommend an improved $53 billion takeover offer from Chicago-based AbbVie, clearing the way for what could be one of the largest mergers in the health sector.
US Drug Maker AbbVie Makes Headway in Pursuit of Shire  New York Times
Banks boost European equities after Citibank earnings  Reuters
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Treasury prices drop ahead of Yellen's testimony
U.S. Treasury prices slipped slightly on Monday on expectations that Federal Reserve Chair Janet Yellen could take a less accommodative stance on interest rates in a congressional testimony on Tuesday.
Dollar steady against most currencies, firms on yen  Reuters
US economy: Expect all talk, no action from Fed Chair Yellen's testimony ...  Fox News
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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 gobbles up US chocolate maker Russell Stover  CBS News
No. 3 US chocolate maker gobbled by Swiss  USA TODAY
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Price situation improves, weak monsoon can play spoilsport
NEW DELHI: Softening prices of some essential food items including vegetables pulled down inflation both at retail as well the wholesale level in June, although the bleak monsoon situation remains a cause for concern.
Inflation falls to 4 month low of 5.43%; Bleak monsoon remains a concern  Daily News & Analysis
Is the drop in inflation temporary?  Livemint
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Boeing and Airbus Face Off at Farnborough Airshow
July 14 (Bloomberg) �- Bloomberg's Anna Edwards discusses some of the big themes at the Farnborough Airshow. She speaks on �Market Makers.
Airbus to launch upgraded A330
Boeing flaunts longer new 787-9 Dreamliner at Farnborough  CNET
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