Dow nears 20000 as banks lead stock rally on earnings
The Dow approaches 20000 with a 0.4 percent gain to 19974.62 as banks lift markets on higher bond yields. Carnival Cruise and TripAdvisor boosts travel names while General Mills cuts intake forecasts. Royal Caribbean and Carmax climb. Constellation Brands falls after selling its Canadian wine unit.
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VW unveils diesel settlement buyback plan for 20k cars
Volkswagen reaches a $1 billion settlement with the EPA and a federal judge to offer buybacks and compensation for 20,000 three liter diesel cars affected by emissions cheating. The deal also funds $225 million for an environmental offset and aims to bring the remaining 60,000 vehicles into compliance.
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E-commerce set for record holiday parcel season
Seattle reports indicate FedEx UPS and the US Postal Service moved about 698 million parcels on time from December 1 to Saturday, a 96 percent on time rate amid a 12 percent rise in shipments. FedEx predicts a peak volume about 10 percent above last year, while UPS expects over 30 million packages daily and a busy tracking day ahead.
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