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Markets Right Now: US stocks move higher, pound stabilizes

The Associated Press  |  Posted  Jun 28th - 10:01am

The latest on developments in global financial markets (all times local):

The Latest: Volkswagen settles emissions claims with states

The Associated Press  |  Posted  Jun 28th - 10:00am

The Latest on the settlement of environmental and consumer claims against Volkswagen over its emissions-cheating scandal (all times local):

Nestle taps new CEO with health care industry background

The Associated Press  |  Posted  Jun 28th - 10:00am

Nestle has selected health care executive Ulf Mark Schneider as its new CEO, the first chief executive brought in from outside the company since 1922 as the food and drinks giant seeks to evolve into a nutrition, health and wellness business.

Kremlin says it will take time to mend ties with Turkey

Nataliya Vasilyeva, Associated Press  |  Posted  Jun 28th - 9:51am

It will take time for Russia to mend ties with Turkey after the November downing of a Russian military jet, the spokesman for President Vladimir Putin said Tuesday.

Dow Chemical to cut about 2,500 jobs globally

The Associated Press  |  Posted  Jun 28th - 9:41am

Dow Chemical says it will eliminate about 2,500 jobs worldwide, or about 4 percent of its workforce, which is tied to the recent restructuring of its ownership in Dow Corning.

US consumer confidence rises to highest level since October

Paul Wiseman, Associated Press  |  Posted  Jun 28th - 9:41am

U.S. consumer confidence rose this month to the highest level since October.

UK Labour Party leader Jeremy Corbyn loses confidence vote

The Associated Press  |  Posted  Jun 28th - 9:41am

UK Labour Party leader Jeremy Corbyn loses confidence vote .

Supreme Court ends legal fight over Mississippi abortion law

Emily Wagster Pettus, Associated Press  |  Posted  Jun 28th - 9:31am

A physician at Mississippi's only abortion clinic is praising the end of a legal fight over a state law that could have closed the facility.

High court to hear Miami loan discrimination case

The Associated Press  |  Posted  Jun 28th - 9:31am

The Supreme Court will consider whether the city of Miami can sue major banks over allegations they engaged in a decade-long pattern of discriminatory lending practices that harmed the city.

With the supply of homes slight, US prices surged in April

Josh Boak, Associated Press  |  Posted  Jun 28th - 9:21am

U.S. home prices scaled new heights in April, with seven cities — Boston, Charlotte, Dallas, Denver, San Francisco, Seattle and Portland, Oregon — setting highs.

Texas train collision triggers fireball; no word on injuries

The Associated Press  |  Posted  Jun 28th - 9:21am

Several box cars have derailed and are engulfed in flames following a freight train collision in the Texas Panhandle.

FDA approves first pill to treat all forms of hepatitis C

The Associated Press  |  Posted  Jun 28th - 9:21am

Federal health officials have approved the first pill to treat all major forms of hepatitis C, the latest in a series of drug approvals that have reshaped treatment of the liver-destroying virus.

Ikea recalls 29 million dressers after 6 kids killed

Joseph Pisani, Associated Press  |  Posted  Jun 28th - 9:10am

Ikea is recalling 29 million chests and dressers after six children were killed when the units toppled over and fell on them.

Grain higher, livestock higher

The Associated Press  |  Posted  Jun 28th - 8:30am

Grain futures were higher Tuesday in early trading on the Chicago Board of Trade.

Supreme Court ruling imperils abortion laws in many states

David Crary, Associated Press  |  Posted  Jun 28th - 8:21am

By striking down tough abortion restrictions in Texas, the U.S. Supreme Court has emboldened abortion-rights activists nationwide and imperiled a range of anti-abortion laws in numerous states.

Volkswagen settles emissions-cheating cases for over $15B

Tom Krisher and Dee-Ann Durbin, Associated Press  |  Posted  Jun 28th - 8:10am

Volkswagen will spend more than $15 billion to settle consumer lawsuits and government allegations that it cheated on emissions tests in what lawyers are calling the largest auto-related class-action settlement in U.S. history.

Fiat Chrysler gearshift probe finds 266 crashes, 68 injuries

Tom Krisher, Associated Press  |  Posted  Jun 28th - 8:00am

A government investigation into confusing gear shifters like the one in the SUV that crushed and killed Star Trek actor Anton Yelchin found 266 crashes that injured 68 people.

High court will hear appeal over high ATM fees

The Associated Press  |  Posted  Jun 28th - 7:50am

The Supreme Court will hear an appeal from Visa and MasterCard seeking to throw out a lawsuit accusing the credit card companies of illegally fixing ATM prices.

French President Hollande says other EU nations have "no time to lose" to plan future without Britain

The Associated Press  |  Posted  Jun 28th - 7:40am

French President Hollande says other EU nations have "no time to lose" to plan future without Britain .

French President Hollande urges Britain to move to exit talks "as fast as possible"

The Associated Press  |  Posted  Jun 28th - 7:40am

French President Hollande urges Britain to move to exit talks "as fast as possible"