Business and Finance news
February 6, 2009
ISSAQUAH–Costco Wholesale Corp. said Wednesday its profit for the quarter ending in February will "substantially'' miss Wall Street estimates due to poor sales and margins.
January sales in stores open at least a year, a key retailer metric known as same-store sales, declined 2 per cent, comprising flat domestic sales and a 9 per […]
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February 2, 2009
Investors who bought products sold by Santander’s Madoff-hit unit Optimal, have asked a U.S. judge to halt the bank’s plan to compensate investors with new shares, El Mundo reported, citing a court writ.
Investors had served papers in a South Florida court demanding the issue of shares be stopped until the question of whether Santander […]
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February 1, 2009
Honda Motor Co lowered its annual profit forecasts for a fourth time this year, while rival Toyota Motor Corp’s losses are growing as sliding global car sales force the industry to scale back production further.
The spreading global recession has dealt a severe blow to the auto industry as consumers, fearing for their jobs and […]
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