Market Regains Ground After Sharp Falls Last Week

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tarabird/iStock/ThinkStock(NEW YORK) —  The market regained some ground on comments from Federal Reserve officials over the weekend suggesting some still foresee a rate increase this year.

Financial shares climbed after sharp falls on Friday. The Dow gained 125 and a half points, the Nasdaq went up two and S&P up nine. Crude oil rose above $46 dollars per barrel.

Volkswagen’s share price and market value took a beating following the German automaker’s admission that it rigged US emission tests for about half a million diesel cars.

US passenger airlines reported an after-tax net profit of 5.5 billion in the second quarter of 2015, up from just over 3 billion in the first quarter.

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Boeing locks out its firefighters amid union fight for pay

David Madison/Getty Images (WASHINGTON) — Boeing officially locked out its unionized firefighters in Washington after the firefighter’s union failed to come to an agreement with the company after two-and-a-half months of negotiations, primarily over pay. This is