Daily Investor Briefing: S&P 500 posts worst day since April;...

	Click to View in Browser 07/31/2014 S&P 500 posts worst day since April; indexes down for month NEW YORK (Reuters) - The S&P 500 posted its worst daily decline since April and first monthly drop since January on Thursday as economic data sparked concern that the Federal Reserve could raise interest rates sooner than some have expected. Tesla posts $61.9 million loss as second-quarter sales climb DETROIT (Reuters) - Tesla Motors Inc , the California-based maker of luxury electric cars, said it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million. U.S. wage growth picking up as labor market tightens WASHINGTON (Reuters) - U.S. labor costs recorded their biggest gain in more than 5-1/2 years in the second quarter and a gauge of trends in the jobs market fell to an eight-year low last week, bolstering the economy's outlook. Lawyers expect hundreds of claims at start of GM ignition-switch fund NEW YORK (Reuters) - Several hundred claims are expected to be filed at the start of a GM-financed program being launched Friday to compensate victims of a faulty ignition switch on some of its vehicles, lawyers say. France's Iliad challenges Sprint for control of T-Mobile PARIS/NEW YORK (Reuters) - French telecoms company Iliad SA has made a surprise offer for T-Mobile US Inc , setting up a potential bidding war with rival suitor Sprint Corp , the U.S. mobile carrier now controlled by Japan's Softbank . LinkedIn revenue rises 47 percent (Reuters) - Corporate networking site LinkedIn Corp reported a 47 percent increase in quarterly revenue, helped by higher demand for its hiring solutions. Action camera maker GoPro reports bigger loss (Reuters) - GoPro Inc , which makes cameras worn by surfers, skydivers and other action junkies to record and post their exploits online, reported a bigger quarterly loss as costs nearly doubled. WTO fails to agree global trade deal, Azevedo says GENEVA (Reuters) - The World Trade Organization failed on Thursday to reach a global deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling. Argentina defaults but investors see eventual deal possible BUENOS AIRES (Reuters) - Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached. Target names outsider as CEO after data breach (Reuters) - Beleaguered retailer Target Corp named former PepsiCo and Wal-Mart executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach last year that hit earnings. Related Video No cell service, no problem - goTenna lets users send texts without cellular network connectivity T-Mobile US swings to a profit Related News Americans borrow less than 25 percent of college costs in 2013: study Ackman takes blame after hyped Herbalife talk flopped A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend