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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
Bloomberg   Related articles »  
Stocks snap higher in midday trading; Citigroup up
Stocks are moving sharply higher in midday trading as the market shakes off its worst weekly performance in three months. Citigroup rose 4 percent after the bank turned in better results than Wall Street expected.
Stocks snap higher; Citigroup climbs  Los Angeles Times
US stocks: Dow tops 17000, eyes record close  MarketWatch
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WTO sides with China, India in 2 US trade disputes
GENEVA (AP) -- The world trade body has ruled against the United States in two disputes with India and China, telling the U.S. government it must abide by international rules.
WTO backs key Indian claims in case against US steel duties  ET Auto
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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 and eBay to Launch Virtual Auction House  TIME
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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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IMF warns further shocks would stall euro zone recovery
BRUSSELS (Reuters) - Any new shocks could halt the euro zone's economic recovery, spoil improving market sentiment and eventually tip the region into deflation, the International Monetary Fund warned on Monday.
IMF Touts Quantitative Easing Benefits for ECB  Wall Street Journal
Eurozone is weak and risks falling into deflation, IMF report warns  The Guardian
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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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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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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.
Airbus to launch upgraded A330
Boeing flaunts longer new 787-9 Dreamliner at Farnborough  CNET
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