Costco Wholesale Corp (COST.O)
8 Dec 2016
Wed, Dec 7 2016
Warehouse club retailer Costco Wholesale Corp reported a better-than-expected quarterly profit, helped by increased store traffic and higher sales of fresh foods.
Costco Wholesale Corp said on Thursday that Ontario's health ministry would launch a probe into allegations it got illegal kickbacks from drugmakers, becoming the Canadian province's second regulator to scrutinize the matter.
Two executives of Costco Wholesale Corp may have sought kickbacks from drug makers in violation of Ontario law, an industry regulator in the Canadian province has found as it advances a probe into the retailer's pharmacy business.
Nov 22 Two executives of Costco Wholesale Corp may have sought kickbacks from drug makers in violation of Ontario law, an industry regulator in the Canadian province has found as it advances a probe into the retailer's pharmacy business.
* Costco Wholesale executive VP Dennis Zook reports sale of 10,000 shares of co's common stock on Nov 15 at prices that ranged from $150.90 to $150.94 per share Source text: (http://bit.ly/2f4jP81) Further company coverage:
* October sales rose 4 percent to $9.11 billion Source text for Eikon: Further company coverage:
Oct 19 Credit card issuer American Express Co reported its lowest quarterly revenue in more than five years on Wednesday as it struggled to make up for the loss of its contract with Costco Wholesale Corp.
* Sets quarterly cash dividend of $0.45per share Source text for Eikon: Further company coverage:
* Costco wholesale - Director James D Sinegal reports an open market sale of 20,114 shares of co for $149.02 per share was made on oct 7 - SEC Filing Source text - http://bit.ly/2d9SeOw Further company coverage:
* Plans to open up to an additional nine new warehouses (including one relocation) before end of calendar year 2016
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