What VW drivers should know about the giant emissions settlement
2013 Volkswagen Beetle TDI 2013 Volkswagen Beetle TDI Under the largest automotive class-action settlement in U.S. history, people who own or lease one of about 475,000 Volkswagen and Audi 2.0-liter diesel models designed to cheat emissions tests could sell their car back to the manufacturer or terminate their lease without penalty and receive cash restitut..>> view originalCleveland house-price growth holds steady, Case-Shiller report shows (interactive graphic)
CLEVELAND, Ohio -- Local house-price growth is holding steady around 2.9 percent a year, based on a closely watched set of indices updated Tuesday. Prices in the Cleveland-Elyria-Mentor area inched up from March to April, but the annual growth rate stayed pretty much the same. Among 20 major cities, Cleveland continues to be one of the slowest- and lowest-growth housing markets, based on the S&P/Case-Shiller Home Price Indices. Only New York and Washington, D.C., posted slimmer annual growth i..>> view originalAirbnb winning right not to enforce - The Register
San Francisco has picked a fight with Airbnb that it probably can’t win. On Monday, the home-rental business filed a lawsuit against its hometown, saying that San Francisco’s attempt to get Airbnb to help enforce its housing law is illegal. Airbnb has reluctantly gone along with the city’s efforts to regulate the short-term rental market. As it stands, people can rent out their apartments with some restrictions, but they must also register with the city. Enforcing this law has been tricky, so t..>> view originalNovartis to Co-Develop Two Xencor Bispecific Antibodies
Novartis will co-develop Xencor’s two T-cell-engaging XmAb bispecific antibodies targeting acute myeloid leukemia and B-cell malignancies as part of a broader collaboration that could generate up to up $150 million upfront for Xencor, the companies said today. The two antibodies are XmAb®14045 for acute myeloid leukemia and XmAb®13676 for B-cell malignancies. Both are expected to begin clinical development this year. Bispecific antibodies are engineered to recognize and target two differe..>> view originalKellogg's to open all-day cereal cafe in Times Square
The hippest new Times Square restaurant believes breakfast cereal is the most important meal of the day — and will cater to a clientele eager for food and childhood flashbacks of Tony the Tiger and Toucan Sam. Kellogg's NYC opens on the Fourth of July ...>> view originalBrexit likely to exact a modest toll on US economy
Protesters gather to demonstrate against the EU referendum result in London's Trafalgar Square on Tuesday, June 28, 2016.(Photo: Jeff J Mitchell, Getty Images)The U.S. economy will likely take a modest hit from the United Kingdom’s vote last week to leave the European Union, but the episode is expected to produce some winners as well as losers.The market turbulence generated by the referendum is already prompting some businesses to rethink hiring and investment plans. And manufacturers that were..>> view originalGerman consumer confidence rises but clouds on horizon
BERLIN (AP) — A closely watched survey shows German consumer confidence has increased again, but its authors cautioned the British vote to leave the European Union could bring it down in coming months. The GfK research group said Wednesday its forward-looking consumer climate index rose to 10.1 points for July from 9.8 in June. The 2,000 consumers surveyed for the report on behalf of the European Commission were contacted before the British referendum, however, and GfK said if the "Brexit" vote..>> view originalEconomy|First-Quarter GDP Revised Up to 1.1%, but Still Shows Slowdown
Photo Shoppers in Queens, N.Y. Retail sales and home sales rose in April and May, two hopeful signs for the economy. Credit Mark Kauzlarich/Bloomberg WASHINGTON — Economic growth in the United States slowed in the first quarter but not as sharply as previously estimated, with gains in exports and software investment partly offsetting weak consumer spending.Gross domestic product increased at a 1.1 percent annual rate, rather than the 0.8 percent pace reported last month..>> view originalAsia opens higher, following 'turnaround Tuesday' in US, Europe
Britain has continued to reel from the ramifications of its shock referendum vote to quit the European Union (EU) last Thursday, though the government has yet to trigger Article 50, which would begin negotiations for an exit. Outgoing U.K. Prime Minister David Cameron said he wanted a "constructive" divorce from the EU on arrival in Brussels on Tuesday for a European summit. At home, British politicians were largely firefighting the political uncertainty the vote unleashed. The Conservati..>> view originalToyota Recalls 1.4 Million Vehicles for Airbag Problem
Photo A Toyota factory in Takaoka, Japan. The automaker also said Wednesday that it was recalling nearly 3 million vehicles worldwide over fuel tank issues. Credit Ko Sasaki for The New York Times TOKYO — Toyota Motor said Wednesday it was recalling 1.43 million vehicles worldwide over a possible airbag fault. But it said the components in question had not been manufactured by Takata, the airbag supplier at the heart of the largest safety recall in the history of the ca..>> view original
Wednesday, June 29, 2016
What VW drivers should know about the giant emissions settlement and other top stories.
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