Costco Wholesale News
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At the end of the day investors always want a good return for their hard earned money.
The Placer County Board of Supervisors will review key financial terms Tuesday for a prospective ground lease agreement with Costco Wholesale Corp. that include a company contribution to help the Multi-Purpose Senior Center relocate.
W arehouse retailer Costco Wholesale Corp reported a bigger-than-expected 15 percent fall in quarterly profit as unusually deep discounting in the holiday shopping season hurt margins, sending its shares down as much as 3.6 percent.
Heading into the quarterly event, short-term option players were extremely call-biased on Costco Wholesale Corporation, which has shed 4.8% year-to-date to trade at $113.26.
Costco on Thursday reported its second-quarter 2014 earnings, and it wasn't a pretty picture.
Jefferies Group's price objective would indicate a potential downside of 8.18% from the company's current price.
Costco Wholesale is looking to open a new club in Palm City. The warehouse giant has submitted preliminary plans to build a 153,041-square foot store on Martin Highway between Florida's Turnpike and Southwest High Meadows Avenue.
A Fresno County fire captain is suing Foster Farms and Costco Wholesale Corp., saying he got severely ill last fall after eating chicken he bought from the Costco store in Clovis.
The warehouse retailer caters mostly to an older crowd - those with families and garages big enough to hold mammoth stacks of paper towels.
Sales at many major U.S. retailers rose in February, as shoppers ventured out later in the month after a dismal start when ice, cold and snow kept many of them at home.
The S&P 500 hit another record, despite the ongoing crisis in Ukraine. The Dow Jones industrial average and the Nasdaq also were higher.
Midway through trading Thursday, the Dow traded up 0.53 percent to 16,446.30 while the NASDAQ gained 0.26 percent to 4,369.33.
Global indexes moved higher overnight, helped by continued diplomatic progress in the Ukraine crisis.
Among the companies whose shares are expected to see active trade in Thursday's session are Safeway Inc., Costco Wholesale Corp., Kroger Co., and Staples Inc. shares are likely to attract attention in the wake of a Wall Street Journal report that Cerberus Capital Management LP is completing a deal to buy the grocery chain this week.