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U.S. markets news

Big US coal miner Alpha Natural files for bankruptcy
Alpha Natural Resources Inc, one of the largest U.S. coal companies, became the latest in the hard-hit industry to seek bankruptcy on Monday.
Alpha Natural Resources, a Onetime Coal Giant, Files for Bankruptcy Protecton  New York Times
Alpha Natural files for Ch. 11 bankruptcy protection  WTVQ
Wyoming Public Media  
Puerto Rico fails to make $58-million debt payment
The government of Puerto Rico confirmed Monday that it had failed to make a $58-million debt payment, a significant escalation of the fiscal crisis facing the U.S.
Puerto Rico Debt-Crisis Grows as Payments Halt, Agency Defaults  Bloomberg
Puerto Rico Defaults On Debt Repayment  USA TODAY
Pimco May Face SEC Action Over a Fund
A Pimco exchange-traded bond fund that once tracked the performance of a much larger fund formerly managed by the firm's co-founder, William H. Gross, may have violated federal securities laws.
UPDATE 2-Pimco says may face SEC action over fund Bill Gross once ran  Reuters
Pimco Gets Warning From SEC That Lawsuit Could Be Coming  Wall Street Journal
Delta Air Lines bans freight shipments of lion hunting trophies
Delta will no longer allow the freight shipment of lion, leopard, elephant, rhinoceros and buffalo hunting trophies, the airline said in a statement Monday.
Time for Major Airlines to Stop Shipping Africa Big Five Trophies  Huffington Post
After Killing of Cecil the Lion, Delta Joins Airline Ban on Game Trophies  New York Times
'Fugitive' ex-UBS trader cannot escape case over Libor: US District Judge
NEW YORK: A former UBS AG trader charged as part of a US investigation into Libor rate manipulation lost a bid to have the case dismissed on Monday, with a federal judge ruling that a fugitive from US justice had no right to mount a legal challenge.
Trader gets 14-year jail in Libor rigging case  DAWN.com
City trader who was 'ringmaster' of Libor fraud jailed for 14 years  Irish Independent
China Curbs Short Selling; Commodities Weakness Spreads
China shares made tentative gains after officials announced fresh steps to rein in short selling, while commodities weakness spread to some Asian currencies, including the Malaysian ringgit.
UPDATE 1-China stock exchanges step up crackdown on short-selling  Reuters
China Limits Stock Market Short Selling to Curb Volatility  Bloomberg
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  New York Times
Wall St eases on falling oil, Europe climbs despite Greece slide  ABC Online
HSBC acquisition poses big test for Bradesco CEO Trabuco
SAO PAULO Banco Bradesco SA (BBDC4.SA BBDC4.SA ) sat on the sidelines for years while Brazilian banking rivals bulked up through a series of takeovers.
Hit by poor results, HSBC quits Brazil in $5.2bn deal  RT
HSBC beats forecasts as Hong Kong drives 10 pc rise in first-half profit  Daily Times
'World's nicest boss' falls on hard times and rents out home to make ends meet
The chief executive of an American credit card company is counting the cost of his decision to set a minimum wage of $70,000 (€64,000) for all of his 120 employees.
239 Years Ago, Adam Smith Predicted Fury of Seattle Business at CEO Who Pays ...  The Intercept - First Look Media
CEO who cut his pay to give entire staff a raise sued by brother, sees ...  LancasterOnline
Crude Oil Futures Edge Up From Four-Month Lows
0206 GMT [Dow Jones] Crude oil futures edge up in Asia trade after hitting four-month lows a day earlier. Brent oil prices are keeping below $50 a barrel, a level last seen in January.
NYMEX-US crude steadies in Asia after steep fall towards $45  Reuters
Oil prices edge up after 5 percent fall, but outlook weak | Reuters  Firstpost