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U.S. markets news

Business Day|VW Settles Diesel Emissions Case in US, Clearing Just One Hurdle ...
A Porsche 911 on display during Volkswagen's annual shareholders general meeting last week in Hanover. The carmaker agreed on Tuesday to pay nearly $15 billion to settle claims in the United States.
VW to pay owners up to $10K, buy back up to 475000 diesel cars  USA TODAY
Terms of VW's $15 billion in settlements for cheating scandal announced ...  Automotive News
Fox News  
First Quarter U.S. Economic Growth Exceeds Previous Estimate
The world's largest economy expanded more than previously projected in the first quarter as improved performance in trade and business investment more than made up for weaker consumer spending.
US first-quarter GDP revised higher, but consumer spending weak  Reuters
US GDP in first quarter raised to 1.1%  MarketWatch
Dow to cut 700 jobs in central Michigan
Midland-based Dow Chemical Co. said today that it will cut more than 10 percent of its workforce in Michigan as a result of its takeover of Dow Corning amid a pending merger with rival DuPont.
Dow Chemical to Cut 2500 Jobs in Aftermath of Corning Deal  Bloomberg
Dow cutting 700 jobs in Great Lakes Bay Region, 2500 globally  MLive.com
IKEA recalls 29 million MALM and other models of chests and dressers
The E-Edition includes all of the news, comics, classifieds and advertisements of the newspaper. And it's available to subscribers before 6 a.m.
What the Ikea Recall Means to Consumers  ABC News
IKEA to Recall 29 Million Dressers, Chests in US  Wall Street Journal
US Home Prices Continued Strong Growth in April, Case-Shiller Says
Home prices continued rising at a steady clip in April, a reassuring signal of strength in the U.S. economy amid global uncertainty.
Metro Atlanta beats most other cities with home price hike  Atlanta Journal Constitution
Home Prices Continue Gains In April According To The S&P/Case-Shiller ...  PR Newswire (press release)
Dow jumps more than 200 as global markets claw back some 'Brexit' losses
Financial markets on Tuesday flashed their first signs of stabilization as the Dow jumped more than 200 points after the worst-ever two-day paper loss for the world's stock markets in the wake of the United Kingdom's vote to exit the European Union.
For S&P Companies, Higher Global Exposure Means Larger Profit Declines ...  Wall Street Journal (blog)
US stocks take back some losses after Brexit panic  Washington Post
Out-of-Pocket Hospital Costs Were Rising 6.5% a Year… Before Obamacare
If you have private health insurance, the good news is you may be helping your employer keep its health care spending down. The bad news is it's coming out of your pocket.
Hospital stays top $1200 out-of-pocket even with insurance, U-M study finds  MLive.com
The Growing Cost of a Hospital Stay  New York Times (blog)
US Consumer Confidence Improves in June
WASHINGTON—A gauge of U.S. consumer confidence climbed in June, suggesting that households were little concerned about a labor-market slowdown and some uncertainty about the economic outlook.
US consumer confidence rises to highest level since October  U.S. News & World Report
The Conference Board Consumer Confidence Index Improved in June  PR Newswire (press release)
Four Pitch Tips From Richard Branson, Sara Blakely, And Tyra Banks
This week marks the finale of an unusual pitch competition sponsored by Virgin Media Business (the business broadband division of Virgin Media).
Richard Branson Says Virgin Has Lost Third of Value After Brexit  U.S. News & World Report
Branson says Virgin Group loses third of its value after Brexit  Reuters
World Stock Markets Stabilize as 'Brexit' Anxiety Eases
World stock benchmarks calm down Tuesday after days of stomach-churning swings as investors started shaking off the jitters from Britain's vote to quit the European Union and its messy aftermath.
Asian Markets Settle Slightly  Wall Street Journal
Hong Kong Stocks Pare Loss on Bets Policy Makers to Calm Markets  Bloomberg