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June 30, 2016

Banks and other financial companies led another broad surge in U.S. stocks Wednesday, turning the Dow Jones industrial average and the Standard & Poor’s 500 index slightly positive for the year.

It was the second rally in two days for the stock market, which had been rattled since Friday…


Ikea recalls 29 million dressers after six children killed

June 29, 2016

WASHINGTON — Ikea is recalling 29 million chests and dressers that can easily tip over and trap children underneath. Six children have been killed and three dozen others injured, and federal safety officials on Tuesday urged consumers to take immediate action.

The Swedish retailer announced…


Volkswagen reaches $14.7 billion emissions settlement

June 28, 2016

SAN FRANCISCO — Volkswagen would repair or buy back polluting diesel vehicles and pay each owner as much as $10,000 under a $14.7 billion deal the car maker has reached to settle lawsuits stemming from its emissions cheating scandal, a person briefed on the settlement talks said Monday.

The…


More small firms reach customers via texts

June 27, 2016

NEW YORK — People who want to get in touch with small businesses more and more are using texts or online chats rather than emails or phone calls.

Company owners are responding in kind, communicating more on the fly and in short bursts. They're finding that texting, online chatting and…