The Other Side of Life 24/7: Daily Investor Briefing: S&P 500 posts worst day since April;...

Thursday, July 31, 2014

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

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07/31/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

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.