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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 defaults on debt repayment in first for a US commonwealth  The Guardian
Puerto Rico Defaults On Debt Repayment  USA TODAY
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 African Big Five Trophies  Huffington Post
Bagged: Delta, United Boot Big Game Hunter Shipments From Planes Following ...  NBCNews.com
Trader gets 14-year jail in Libor rigging case
LONDON: A trader who worked for UBS and Citigroup was jailed on Monday for 14 years by a London court after becoming the first person to be found guilty by a jury of rigging the benchmark Libor inter-bank lending rate.
'Fugitive' ex-UBS trader cannot escape case over Libor: US District ...  Economic Times
Ex-trader sentenced in Libor interest-rate trial  Washington Post
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.
India Morning Call-Global Markets  Reuters
Wall St eases on falling oil, Europe climbs despite Greece slide  ABC Online
HSBC sells Brazil business for $7.1b to Banco Bradesco
HSBC has been present in Brazil since 1997. It expanded further in Latin America's biggest economy in 2003, when it bought Lloyds' Brazil unit, but it did not manage to make a success of those operations.
Bradesco to acquire HSBC Brazil unit for $5.2 billion, biggest ever buy  Business Today
Hit by poor results, HSBC quits Brazil in $5.2bn deal  RT
'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.
CEO who cut his pay to give entire staff a raise sued by brother, sees ...  LancasterOnline
A Company's In-House $70000 Minimum Wage Backfires  Investor's Business Daily (blog)
German car makers to buy Nokia map service
German car makers BMW, Audi and Mercedes-Benz have teamed up to buy digital mapping service HERE for 2.8 billion euros ($A4.21 billion) from Nokia, the Finnish telecoms group says.
Silicon Valley map wars heat up: $3.1 billion deal between Nokia, carmakers ...  San Jose Mercury News
BMW, Audi, and Mercedes Just Bought Nokia's Mapping Tech  Wired
Indian factory growth bucks Asia trend, speeds to 6-month high in July: PMI
NEW DELHI: In a smart recovery, the manufacturing sector grew at its fastest pace in six months in July on increased export order flows but hiring remained sluggish, a monthly survey showed today.
Euro zone factory growth steady in July despite Greek turmoil  Daily Times
Asian markets take fright as China factory output slumps  The Times (subscription)
RBI policy today: Pressure builds on Raghuram Rajan to cut rates but he may ...
Odds are largely in favour of governor Raghuram Rajan keeping the key interest rates unchanged at the Reserve Bank of India's (RBI) bi-monthly policy review today.
Pressure builds, RBI expected to hold rates at policy review today  Hindustan Times
Pressure rising on RBI to cut interest rate  Business Today