Ikea to pay $50M in toddlers’ deathsPHILADELPHIA — Lawyers for three families say Ikea is agreeing to pay $50 million because toddlers died when the company’s dressers tipped over on them. The Swedish home furnishings retailer has recalled millions of chests and dressers because of concerns the furniture can tip over when the drawers are opened. The families’ lawyers say Ikea will also make donations to children’s hospitals.

Mortgage rates reach high levelsWASHINGTON — Long-term U.S. mortgage rates climbed again this week, hitting the highest levels since 2014.Mortgage giant Freddie Mac said Thursday that the rate on 30-year fixed-rate loans jumped to an average 4.30 percent from 4.16 percent last week and the highest since April 2014. The average for a 15-year mortgage rose to 3.52 percent from 3.37 percent last week and highest since January 2014.

Economy grew at 3.5 percent rateWASHINGTON — The U.S. economy grew at a 3.5 percent annual rate in the July-September quarter, the fastest pace in two years and more than the government had previously estimated. But the growth spurt isn’t expected to last.The gain in the gross domestic product came from added strength in consumer spending, business investment and the government sector, the Commerce Department said Thursday. The government had previously estimated last quarter’s annual growth rate at 3.2 percent.