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U.S. markets news

FAQ About Puerto Rico's Debt Troubles
Q. How does Puerto Rico compare to Greece? A. The two places may share pristine beaches and balmy weather. But they have less in common when it comes to how their fiscal problems are likely to play out.
Puerto Rico confirms it failed to make $58M debt payment  Washington Post
Puerto Rico Fails to Make Bond Payment, Pays Fraction of $58 Million  Newsweek
The Guardian  
Libor scandal: Former City trader Tom Hayes gets 14 years for rigging rates
Tom Hayes, a 35-year-old trader, has been sentenced to 14 years in prison after becoming the first person to be convicted by a British jury of rigging Libor rates following a trial at London's Southwark Crown Court.
Key quotes from the trial of Libor's Jesse James  The Australian Financial Review
Price of Fraud  The Times (subscription)
Weak oil prices, China worries drag Wall Street lower
Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy.
How the Dow Jones industrial average fared on Monday  Washington Post
Stocks Start August In Slump On Oil, Overseas Worries  Barron's (blog)
Sears' shares plunge after dismal same-store sales
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 Shares Plunge 10% As Billionaire Eddie Lampert Engineers First Profit ...  Forbes
Sears to Report First Profit Since 2012 Thanks to Real-Estate Gain  Wall Street Journal
Pimco Discloses Wells Notice on ETF
Bond giant Pacific Investment Management Co. disclosed that it received a Wells Notice from the staff of the U.S. Securities and Exchange Commission concerning a popular exchange-traded fund, the Pimco Total Return ETF.
CompaniesPimco hit with SEC investigation into ETF  Financial Times
Pimco Gets Wells Notice Over Total Return ETF Valuations  Bloomberg
Obama's Steep New Emissions Rules Praised as 'Great Advance,' Scorned as ...
President Obama's introduction of the final draft of his Clean Power Plan on Monday was met with mixed responses, as the White House hailed the proposal as their "biggest and most important step we've ever taken" to combat climate change yet.
Calpine Supports EPA Clean Power Plan  MarketWatch
EPA's Clean Power Plan draws Utah criticism and praise
Kraft Recalls Cheese Slices After Customers Choke on Packaging
Kraft Heinz Co. is voluntarily recalling about 36,000 cases of cheese slices after consumers reported choking on the packaging film.
Kraft is recalling cheese slices because people are choking on the wrappers
Why a massive recall of Kraft Singles cheese slices? They could choke you.  Los Angeles Times
CompaniesTwitter shares close at record low
Twitter hit an all-time low on Monday as shares in the messaging platform continued to tumble following last week's disappointing user growth figures and another high profile departure from the company.
Twitter slides to record low amid growth concerns  CNBC
Twitter shares hit record low  USA TODAY
CompaniesApple shares knocked by China fears
Apple's share price took a 2.5 per cent hit on growing investor concerns about its growth in China, extending a decline that began with its earnings report two weeks ago.
Apple loses top spot in China's mobile market  CNBC
Xiaomi retakes the smartphone lead in China as Apple slips  Engadget
Amazon has put new limits on sharing Prime accounts
The days of sharing your Amazon Prime account with your entire extended family are coming to an end. Amazon has imposed new limits on who you can share your Amazon Prime membership with, according to changes posted on its website that were noted ...
Amazon changes Prime account sharing from 4 people to 1 person  New York Daily News
Amazon Restricts Prime Membership, Only Lets You Share With One Friend  Fast Company