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U.S. markets news

Ex-trader Hayes jailed for 14 years by London court for Libor rigging
LONDON Ex-trader Tom Hayes was sentenced to 14 years in jail by a London court on Monday after being found guilty of conspiring to rig Libor benchmark interest rates following a seven-year global investigation.
Former Trader Given 14 Years Prison for Market Manipulation  New York Times
Former bank trader convicted in Libor scandal  USA TODAY
Financial Times  
Weak auto demand crimps US consumer spending
WASHINGTON U.S. consumer spending in June advanced at its slowest pace in four months as demand for automobiles softened, suggesting the economy lost some momentum at the end of the second quarter.
Consumer spending growth cools despite solid rise in personal incomes  Los Angeles Times
Americans Kept Spending in June to End Better Second Quarter  Bloomberg
Greek stock market reopens and promptly plummets
A massive sell-off of stocks in Greece on Monday underscored the uncertainty that still surrounds the Mediterranean nation as its government tries to secure a new international bailout to avoid a disastrous default.
Greek markets suffer worst sell-off in history as economy is decimated by ...  Telegraph.co.uk
Greek Stock Market: How Shares Plunged Once It Re-Opened  ABC News
UPDATE 3-Big US coal miner Alpha Natural files for bankruptcy
(Adds details from court filing and background throughout). By Tom Hals. Aug 3 (Reuters) - Alpha Natural Resources Inc, one of the largest U.S.
U.S. Coal Giant Greets Obama Climate Rules With Bankruptcy  Bloomberg
Alpha Natural Resources files for Chapter 11  MarketWatch
Questor share tip: Hold HSBC on Brazil sale
HSBC 581.3p +1.6p. Questor says Hold. The sale of HSBC's [LON:HSBA] Brazilian arm is the latest step in a retrenchment that could eventually see the banking giant up sticks and move its headquarters back to Hong Kong.
HSBC sells up in Brazil as profits jump on Hong Kong boom  Irish Times
HSBC Unit Deal Sinks Bradesco as Ibovespa Falls Most in Americas  Bloomberg
Kraft recalling 36000 cases of cheese over 'potential choking hazard'
Kraft has announced a recall of some American cheese singles amid concerns about the plastic wrap that covers the individual slices.
Kraft Recalls Some Cheese Products Over Choking Concerns  New York Times
Some Kraft Singles American cheese slices recalled over choking hazard  CBS News
Car Makers Map Out the Future With Nokia Deal
Nokia NOK -1.28 % 's digital mapping unit looks like an expensive safety feature for Germany's car makers. Audi, NSU 1.43 % BMW and Daimler on Monday emerged as victors after an intense bidding war for HERE.
German carmakers buy Nokia maps to fend off digital rivals  Irish Times
After Nokia deal, TomTom weights its options  Toronto Star
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 Makers Report Strong US Sales  Wall Street Journal
ISM manufacturing data raise some doubts about the economy
A key report on U.S. manufacturing is raising some doubt about the strength of the economy in the final half of the year. The Institute for Supply Management's manufacturing index, released about 30 minutes earlier than scheduled on Monday, fell to 52 ...
US Manufacturers Expand at Slower Pace in July  Wall Street Journal
Manufacturing cools in July from five-month high  Chicago Tribune
Tyson hit hard in 3 Q by rising beef costs and export issues
Tyson Foods' third-quarter-profit leapt 32 percent, but that was still short of expectations and the company cut its outlook with high cattle costs expected to continue to weigh on revenue growth.
Tyson Foods (TSN) Earnings Report: Q3 2015 Conference Call Transcript  TheStreet.com
US Stocks Edge Lower as Energy Sector Slumps  New York Times