Bhinneka News Online: Breaking business news for August 3, 2017

Thursday, 3 August 2017

Breaking business news for August 3, 2017

Click to View in Browser

Thursday, August 3, 2017

Tesla shares rise as investors bet on Model 3 success

(Reuters) - Tesla Inc's shares rose 6 percent on Thursday as investors continued to bet on CEO Elon Musk's ability to successfully take the company out of "manufacturing hell" as it ramps up production of its mass-market Model 3 sedans.

U.S. jobless claims fall as labor market tightens further

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell last week, pointing to a tightening labor market that likely keeps the Federal Reserve on course to announce plans next month to start reducing its massive bond portfolio.

Wall Street set to open flat after Dow breaches 22,000

(Reuters) - U.S. stocks looked set to open little changed on Thursday, a day after the Dow industrials breached the 22,000 mark for the first time, powered by Apple's strong quarterly results.

U.S. planned layoffs fall; hiring picks up in July: Challenger

NEW YORK (Reuters) - The number of planned layoffs at U.S. companies dropped in July to its lowest since November while job-opening announcements notched up, a sign that businesses are confident that the economy will continue to expand, a report released Thursday showed.

Amazon's Hollywood spending soars, returns unclear

SAN FRANCISCO (Reuters) - Amazon.com Inc is quickly ramping up the billions of dollars a year it spends on creating and licensing TV shows and films, signaling the retailer plans to be in show business for the long haul.

EU sends charge sheet to Visa over inter-regional fees

BRUSSELS (Reuters) - The European Commission said on Thursday it had sent a charge sheet to credit card group Visa over the fees merchants have to pay when customers from outside the bloc make purchases in the European Union.

Dish misses profit expectations, but limits subscriber losses

(Reuters) - Dish Network Corp on Thursday reported quarterly results that missed analysts' estimates, but the satellite television provider lost fewer subscribers than expected.

Yum Brands comp sales miss as Pizza Hut continues to struggle

(Reuters) - Yum Brands Inc , the owner of KFC and Taco Bell, reported a smaller-than-expected rise in quarterly sales at established restaurants worldwide as fewer diners ate at its Pizza Hut restaurants.

Corporate profits to take more hits from Ukraine cyber attack

TORONTO/FRANKFURT (Reuters) - The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices has taken a costly toll on the results of major U.S. and European companies in the latest quarter, with more to come.

Avon CEO Sheri McCoy to step down following activist pressure

(Reuters) - Cosmetics maker Avon Products Inc , which has been under pressure from activist investor Barington Capital, said on Thursday Sheri McCoy will step down as chief executive in March next year.