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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
Coal Giant Declares Bankruptcy  Wyoming Public Media
CNNMoney  
UPDATE 5-US July auto sales top expectations, boosted by SUVs, pickups
(Adds final auto sales figures, paragraphs 2-4). By Bernie Woodall. DETROIT Aug 3 (Reuters) - U.S. auto sales were stronger than expected in July and kept the industry on pace for its best performance since the turn of the century as cheaper gasoline ...
U.S. Vehicle Sales Smoking Hot in July, But Will the Trend Continue?  TheStreet.com
US auto sales strong in July on SUV, luxury demand  Jefferson City News Tribune
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.
After Killing of Cecil the Lion, Delta Joins Airline Ban on Game Trophies  New York Times
Delta bans transport of big game trophies  BBC News
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.
Ex-trader sentenced in Libor interest-rate trial  Washington Post
'Fugitive' ex-UBS trader cannot escape US case over Libor: judge  Reuters
Stocks close down, led by energy sector
Another bad day for the energy sector pulled down stocks on Monday. Energy stocks slumped as the price of oil dropped to its lowest in more than four months.
Weak Oil Prices, China Worries Drag Wall Street Lower  NDTV
Wall St eases on falling oil, Europe climbs despite Greece slide  ABC Online
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.
China Limits Stock Market Short Selling to Curb Volatility  Bloomberg
China share markets target short selling to curb volatility  Sydney Morning Herald
Sprint Reshuffles Management, Names New CFO
Sprint Corp. S -0.89 % announced Monday a reshuffle among senior management as CEO Marcelo Claure tries to turnaround the struggling wireless provider.
Sprint names new CFO in management shake-up  Reuters
Sprint Gets New CFO Amid Leadership Change at Struggling Carrier  Bloomberg
Twitter shares close at all-time low
Twitter shares have fallen to an all-time low, weighed down by doubts that the popular messaging platform isn't growing fast enough to thrive.
What's next after Twitter's all-time low  CNBC
Twitter faces lingering doubts about its future  CNET