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Tesla Motors Inc. has hired a former Burberry executive to lead its North American sales. Ganesh Srivats replaces Gerome Guillen, who earlier this year switched to a services role at the electric-car maker. The hiring “further validates that (Tesla) is not an automotive company,” Trip Chowdhry, an analyst with Global Equities Research, said in a note. Tesla shares were poised to end the week down nearly 8%, hit by two rating downgrades earlier in the week. The stock is up 16% so far this year, which compares with gains for 0.4% for the S&P 500 Index .

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Omar Sharif, an actor known for his iconic roles in the films “Lawrence of Arabia” and “Doctor Zhivago,” died from a heart attack on Friday, his agent said. He was 83. Sharif was nominated for an Oscar for his role in “Lawrence of Arabia” and won a total of three Golden Globes during his career. Sharif’s son revealed in May that the actor had been suffering from Alzheimer’s. In addition to being an actor, he was also a renowned bridge player, and recently developed an iPhone app, according to the Guardian.

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Morgan Stanley on Friday raised its price target on Netflix Inc. to $750 from $670, which is above the FactSet consensus of $643. Analyst Benjamin Swinburne also set a new bull case for $940–two other analysts have price targets above $900, according to FactSet. Swinburne, who also reiterated his overweight rating, said the price increase is driven mainly by the potential for monthly subscription pricing to reach $14 by 2025, which he said would still be conservative. Swinburne said U.S. subscribers are currently spending 13 cents per hour viewed. A potential increase to $14 per month by 2025 would still see long-term, per hour spending of 13 cents if daily usage grew to 3.5 hours in 2025 as well. Swinburne also expects the company to have launched in all new markets by the end of 2016. Though he excludes China, due to the complexity of entering there, he notes that market along with India represents approximately 250 million broadband homes in 2016. Netflix’s current addressable market overseas is 200 million households.

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WASHINGTON (MarketWatch) — U.S. wholesale inventories rose 0.8% in May, according to U.S. Commerce Department data released Friday. Inventories of durable goods, such as autos and machinery, increased 0.6%. Meanwhile, inventories of nondurable goods rose 1.2%. Wholesale sales rose 0.3% in May, following growth of 1.7% in April. At May’s sales pace, the inventory-to-sales ratio remained at 1.29.

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Financial components of the Dow Jones Industrial Average were helping push the index higher in early Friday trade led by Visa and J.P. Morgan. Visa shares were 2% higher at $68.44 a share, while those of J.P. Morgan jumped 1.8% at $67.27 a share, to head the 30-company index. Other financial names leading the Dow, include American Express Co. , which was enjoying a 1.3% pop to trade at $77.36 a share and Goldman Sachs Group , up about the same at $207.51 a share.

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U.S. stocks jumped after the opening bell on renewed hopes that debt-troubled Greece will reach a deal with its creditors this weekend and stave off an exit from the eurozone. A sharp rebound in Chinese stocks also helped boost sentiment. The main indexes were on track to finish the week roughly where they started. The S&P 500 opened 22 points, or 1.1%, higher at 2,074. The Dow Jones Industrial Average jumped 214 points, or 1.2%, to 17,758. The Nasdaq Composite began the day up 60 points, or 1.2% at 4,981.

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All 30 Dow Jones Industrial Average stocks are trading higher in premarket trading higher. Among the shares seeing the biggest percentage gains, Travelers Companies rose 1.6%, J.P. Morgan Chase and Apple Inc. both advanced 1.5%, and Goldman Sachs Group tacked on 1.4%. 21 of the 30 stocks are up more than 1% ahead of the open. Dow futures were recently up 208 points.

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WASHINGTON (MarketWatch) – The new offer from Greek Prime Minister Alexis Tsipras provides reason “for some hope” that the debt crisis can be resolved but “it is going to be a long slog through the next few days,” Treasury Secretary Jacob Lew said Friday. Trust remains “quite thin” between the parties, Lew said during a question and answer session at Nasdaq. “If you look at the proposal that is on the table from last night, it certainly looks like they are getting closer this morning, but we’ve also seen that they have had trouble getting from close to closed, and that is the question over the next few days,” he said. The Treasury Secretary said Greece’s debt could be restructured without a haircut.

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American Airlines Group said in a regulatory filing Friday that it is pushing back the delivery of five Boeing 787 aircraft and 35 Airbus A320neo aircraft. Under new delivery agreements, the air carrier will defer delivery of four 787s to 2017 from 2016 and one 787 to 2018 from 2016. The company is also deferring 10 A320neos from 2017, and 25 A320neos from 2018, to 2021 through 2023. For 2015, American said it expects to take delivery on 75 mainline aircraft, while retiring 104. The company said it has also reclassified 13 aircraft from being temporarily retired to permanently retired. Separately, American said its third- and fourth-quarter outlooks for cost per available seat mile have increased because of lower capacity, the push-back of expenses from the second quarter and increased investment in operations. At the same time, the company said its outlook for cargo revenue has declined given lower yields on international flights. The stock, which gained 1.7% in premarket trade, has lost 8.3% over the past three months while the S&P 500 has declined 2.4%.

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American Airlines Group’s stock rose 1.1% in premarket trade Friday, after the air carrier reported a year-over-year increase in a key industry metric for the month of June, as growth in traffic outpaced a rise in capacity. The company said June revenue passenger miles increased 2.8% to 20.4 billion, while available seat miles grew 2.4% to 23.9 billion, lifting load factor to 85.4% from 85.0%. American affirmed its second-quarter outlook for passenger revenue per available seat miles (PRASM) of a decline in the range of 6% to 8%. The stock has tumbled 26% year to date through Thursday, compared with a 12% drop in the NYSE Arca Airline Index and a 0.4% slip in the S&P 500.

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