News: Costco Wholesale Corp (COST.O)
14 Mar 2014
Tue, Mar 11 2014
WASHINGTON - U.S. wholesale inventories rose more than expected in January, as companies built up stocks of autos and machinery, though sales posted their largest decline in nearly five years.
* U.S. jobless claims at 3-month low, offer hope for labor market
* Three-month low in U.S. jobless claims offers hope for labor market
- Warehouse 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.
March 6 - Warehouse 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.
* Obama to Congress: Back IMF capacity to lend to Ukraine
NEW YORK, March 6 - U.S. stocks rose in early trading on Thursday, with the S&P 500 at a fresh record intraday high following upbeat labor market data, while traders kept an eye on developments in Ukraine.
(In second-last paragraph on Kroger, removes incorrect reference to negative impact of weather)
NEW YORK, March 6 - U.S. stock index futures ticked higher on Thursday ahead of labor and factory data, while developments in the Ukrainian crisis kept traders on edge.
(Corrects paragraph 4 to say quarterly revenue missed estimates, not beat)
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