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U.S. markets news

Trader jailed for 14 years over Libor
A trader who worked for UBS and Citigroup has been jailed 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.
Don't make Tom Hayes a scapegoat for the Libor scandal  Telegraph.co.uk
How Libor Trader Tom Hayes's 14-Year Jail Term Stacks Up Against Others  Wall Street Journal (blog)
Reuters  
US factory activity dips; consumer spending cools
WASHINGTON U.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating that the economy had lost some momentum recently.
Consumer spending growth cools despite solid rise in personal incomes  Los Angeles Times
Consumer spending rose modestly in June  USA TODAY
Alpha is latest coal producer to seek bankruptcy protection
NEW YORK - Alpha Natural Resources Inc., one of the country's biggest coal producers, became the latest in a string of coal companies to seek bankruptcy protection amid an historic shift in the electric power sector brought on by cheap natural gas ...
Flashback 2008: Obama Promised To 'Bankrupt' Coal Companies  Daily Caller
UPDATE 3-Big US coal miner Alpha Natural files for bankruptcy  Reuters
UPDATE 4-Bradesco to acquire HSBC Brazil unit, biggest-ever buy
... * HSBC sells Brazil unit at higher-than-expected price. * Deal helps Bradesco boost presence in high-end segment. * Bradesco preferred shares fall 4 percent.
Bradesco buys HSBC's Brazilian unit for $5.2 bn  Fox News Latino
Questor share tip: Hold HSBC on Brazil sale  Telegraph.co.uk
Greek shares nosedive as manufacturing data reveals economy in shock
The full extent of the damage caused by the Greek crisis was laid bare when the first day of stock market trading after five weeks of economic paralysis saw shares lose a sixth of their value.
Global July factory growth muted as order growth eases -PMI  Reuters
Chinese manufacturing sector slows the most in two years  Irish Times
Delta bans shipment of some animal trophies
Delta is banning the shipment of a host of animal trophies, the airline giant announced in a statement Monday afternoon. “Effective immediately, Delta will officially ban shipment of all lion, leopard, elephant, rhinoceros and buffalo trophies ...
After Killing of Cecil the Lion, Delta Joins Airline Ban on Game Trophies  New York Times
Delta Air Lines bans big-game trophies from flights  CBS News
Obama's Power Plan Will Mandate Deeper Carbon Cuts but Make It Easier for ...
Coal-burning plants like this one, in New Haven, West Virginia, might be forced to slow or stop production to meet emissions targets in President Barack Obama's new Clean Power Plan.
Obama's Clean Power Plan Seen Wiping Out High-Cost Coal  Bloomberg
Obama Administration unveils finalized carbon-cutting Clean Power Plan ...  State Journal
Why a massive recall of Kraft Singles cheese slices? They could choke you.
Kraft Heinz has recalled 36,000 cases of individually wrapped cheese slices because they may pose a choking hazard, the company said in a statement.
Kraft Recalls Cheese Slices After Customers Choke on Packaging  Bloomberg
Kraft recalling 36000 cases of cheese over 'potential choking hazard'  Washington Post
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 manufacturing sector growth slows in July: ISM  Reuters
US Manufacturing Growth Slows in July  New York Times
UPDATE 4-German carmakers buy Nokia maps to fend off digital rivals
... * Audi, BMW, Mercedes to buy Nokia's HERE. * Carmakers take equal stakes. * Deal has total enterprise value of 2.8 bln euros.
Audi, Mercedes, BMW team up to buy Nokia's Here maps  Hindustan Times
Car Makers Map Out the Future With Nokia Deal  Wall Street Journal