🔔 Reuters Before the Bell: Model 3 demand, higher revenue propel Tesla shares higher

Click to View in Browser Thursday, August 3, 2017 Model 3 demand, higher revenue propel Tesla shares higher SAN FRANCISCO (Reuters) - Tesla Inc reported quarterly revenue that doubled on Wednesday and a loss that was the electric car maker's largest ever, but its shares rose after revealing more than 1,800 daily reservations for the Model 3 and predicting increased Model S deliveries in the second half of 2017. 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. 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. European shares rally, sterling hits 11-month peak as BoE decision looms LONDON (Reuters) - Upbeat economic news helped push European stock markets higher on Thursday, while stronger-than-expected data in Britain drove sterling to an 11-month high ahead of a Bank of England monetary policy decision. Dish misses profit expectations, but limits subscriber losses (Reuters) - Dish Network Corp on Thursday reported a quarterly profit that missed analysts' estimates, but the company lost fewer subscribers than expected. Yum Brands worldwide same-store sales miss estimates (Reuters) - Yum Brands Inc , the owner of KFC and Taco Bell, reported a lower-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. 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. Honda posts strong first quarter, sees higher annual profit on favorable forex (This August 1 story corrects fourth paragraph to say Honda's North American vehicle sales fell 5.7 percent in the first quarter, not 7.6 percent, and Asian sales rose 15.5 percent, not 10.8 percent) 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. Related Video Revenues boost Tesla's shares despite record loss Adidas closes gap in key North American market Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. 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 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook