PRESS DIGEST- New York Times business news - Aug 4
Aug 4 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
* Puerto Rico defaulted on a $58 million bond payment on Monday, a risky move that seemed to intensify the pressure on creditors for broader debt renegotiation, but might also make future borrowing far more difficult. (nyti.ms/1IIK5NI)
* Alpha Natural Resources, once a powerhouse of the American coal industry, filed for Chapter 11 bankruptcy protection on Monday so it may emerge from the grip of a $3 billion debt at a time when utilities are switching to natural gas and coal prices are plummeting. (nyti.ms/1E5zjf3)
* Pimco on Monday disclosed that the Securities and Exchange Commission was considering filing an enforcement action over potential trading infractions that took place during the early days of the Pimco Total Return ETF, which started in February 2012. (nyti.ms/1M8isQO)
* Chinese stock market regulators have suspended more than 30 trading accounts, including one owned by the brokerage unit of the big American hedge fund Citadel, as they continue trying to stabilize the country's volatile markets. (nyti.ms/1MJ2cWx)
* Nokia, the Finnish telecommunications company, said on Monday that it had sold its Here digital mapping unit to a consortium of German automakers for 2.8 billion euros, or about $3 billion. (nyti.ms/1IUYMPN)