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U.S. markets news

Greek stocks plunge, banks hammered, after five-week crisis shut down
ATHENS Greece's stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears that the country was about to be dumped from the euro zone.
Athens stocks plunge exchange reopens  USA TODAY
Greek stock market reopens and promptly plummets  Los Angeles Times
Telegraph.co.uk  
Ex-Trader Sentenced to 14 Years For Manipulating Libor Banking Rate
LONDON -- Ex-Citibank and UBS trader Tom Hayes was sentenced to 14 years in jail by a London court on Monday after being found guilty of conspiring to rig a key banking benchmark that affects interest rates on a wide variety of loans.
INSIGHT-How Libor whiz Rain Man became "the guy everyone was going to ...  Reuters
How Libor Trader Tom Hayes's 14-Year Jail Term Stacks Up Against Others  Wall Street Journal (blog)
Americans Kept Spending in June to End Better Second Quarter
American households kept spending in June, capping a stronger quarterly performance for the biggest part of the economy. The 0.2 percent increase in purchases followed a 0.7 percent May advance, Commerce Department figures showed Monday in ...
Americans Curb Their Spending Increases in June  Wall Street Journal
Consumer spending growth cools despite solid rise in personal incomes  Los Angeles Times
Stock futures little changed ahead of raft of data
U.S. stock index futures were little changed on Monday as investors await another batch of earning reports and a raft of economic data.
Oil's Travails Are Not Equities' Only Problem  Wall Street Journal (blog)
Take Advantage Of Exxon's Decline By Refueling An XOM Options Play  Forbes
Sears' shares plunge after dismal same-store sales
Aug 3 Struggling retailer Sears Holdings Corp said on Monday comparable store sales in the United States fell sharply in the second quarter, sending its shares down 8 percent to a more than three-year low.
Sears to make first profit since 2012. But don't be fooled  CNNMoney
Sears to Report First Profit Since 2012 Thanks to Real-Estate Gain  Wall Street Journal
US Stocks Drop, Led by Fall in Energy Stocks
NEW YORK - U.S. stocks fell on Monday, led by a slumping energy sector as the price of oil continued to fall. Investors were also watching the latest earnings releases.
US stocks edge lower as energy sector slumps  U.S. News & World Report
Alpha Natural Resources, a Onetime Coal Giant, Files for Bankruptcy Protecton
Alpha Natural Resources, once a powerhouse of the American coal industry, filed for Chapter 11 bankruptcy protection on Monday so it may emerge from the grip of a $3 billion debt at a time when utilities are switching to natural gas and coal prices are ...
UPDATE 3-Big US coal miner Alpha Natural files for bankruptcy  Reuters
U.S. Coal Giant Greets Obama Climate Rules With Bankruptcy  Bloomberg
Audi, Mercedes, BMW team up to buy Nokia's Here maps
Nokia Here maps will be used by auto majors Audi, Daimler and BMW for their navigation and auto-pilot vehicles. (Image from Here website).
Car Makers Map Out the Future With Nokia Deal  Wall Street Journal
BMW, Audi and Mercedes snap up Nokia maps for €2.5bn  Irish Times
Auto Sales Jumped in July; GM and Fiat Chrysler Were Up 6%
The auto industry, fresh off robust quarterly profits announced by General Motors, Ford Motor and Fiat Chrysler, began the second half of 2015 by reporting strong overall sales for July.
US July auto sales top expectations, boosted by SUVs, pickups  Reuters
Auto sales stay hot in July, led by family vehicles, trucks  Chicago Tribune
Amazon cracks down on sharing Amazon Prime benefits outside the home
The free ride is over for anyone mooching Amazon Prime from friends or extended family, as a new policy restricts how subscribers can share their benefits.
Amazon changes Prime benefits of sharing account with 4 people to 1 person  New York Daily News
Amazon now only lets you share Prime with one other adult instead of four  The Verge