International Business News - COST http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Costco Wholesale Corp.--which has attracted shoppers looking for cheaper options--warned Wednesday that its earnings in the current quarter will be below Wall Street expectations as it faces higher energy costs that are crimping profit margins. http://www.ibtimes.com/articles/20080723/costcos-profits-squeezed-by-higher-energy-costs.htm Wed, 23 Jul 2008 18:04:04 EDT Among the sector activity stories for Wednesday, July 23, from AP Financial News: NEW YORK (AP)--Shares of national banks mostly rose Wednesday, despite Washington Mutual Inc. and Wachovia Corp. reporting wider-than-expected second-quarter losses a day earlier. http://www.ibtimes.com/articles/20080723/sector-roundup-national-banks-internet.htm Wed, 23 Jul 2008 16:10:38 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080723/costco-at-t-mcdonalds-wamu-fannie-big-movers.htm Wed, 23 Jul 2008 18:18:51 EDT Shares of big-format discount retailers declined on Wednesday after Costco Wholesale Corp. forecast earnings below Wall Street expectations. Costco, which is the nation's No. 1 warehouse club operator, blamed its outlook on high energy costs that are weighing on profit. http://www.ibtimes.com/articles/20080723/sector-snap-discounters-slip-on-costco-warning.htm Wed, 23 Jul 2008 12:54:55 EDT Among the earnings projection stories for Wednesday, July 23, from AP Financial News: NEW YORK (AP)--Costco Wholesale Corp. said Wednesday that its earnings for the current quarter will be lower than expected as it delays raising prices on items from food to patio sets amid soaring energy costs that have accelerated in recent weeks. http://www.ibtimes.com/articles/20080723/outlook-roundup-costco-adc-telecom.htm Wed, 23 Jul 2008 18:15:31 EDT A federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said, as the House scheduled a Wednesday vote on legislation that would tap the mortgage giants' profits to cover any losses from saving 400,000 homeowners from foreclosure. http://www.ibtimes.com/articles/20080723/rescue-of-mortgage-giants-could-hit-25-billion.htm Wed, 23 Jul 2008 09:49:13 EDT Shares of Costco Wholesale Corp. dropped shortly after the market opened Wednesday as the warehouse club operator forecast fourth-quarter profit "well below" Wall Street expectations, citing rising energy costs. http://www.ibtimes.com/articles/20080723/out-of-the-gate-costco-slips-on-outlook.htm Wed, 23 Jul 2008 09:47:51 EDT Stocks advanced for the second straight session Wednesday as another decline in oil prices and several upbeat profit reports eased some of Wall Street's concerns about the economy. http://www.ibtimes.com/data/articleimgs/96218-wall-street.jpg http://www.ibtimes.com/articles/20080723/stock-futures-head-to-higher-open.htm http://www.ibtimes.com/articles/20080723/stock-futures-head-to-higher-open.htm Wed, 23 Jul 2008 18:08:20 EDT Costco Wholesale Corp. said Wednesday that its earnings for the current quarter will be lower than expected as it delays raising prices on items from food to patio sets amid soaring energy costs that have accelerated in recent weeks. http://www.ibtimes.com/articles/20080723/costco-sees-4q-full-year-profit-below-estimates.htm Wed, 23 Jul 2008 17:44:46 EDT A federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said, as the House scheduled a Wednesday vote on legislation that would tap the mortgage giants' profits to cover any losses from saving 400,000 homeowners from foreclosure. http://www.ibtimes.com/data/articleimgs/96049-mortgage-crisis.jpg http://www.ibtimes.com/articles/20080722/mortgage-giant-rescue-could-cost-25b.htm http://www.ibtimes.com/articles/20080722/mortgage-giant-rescue-could-cost-25b.htm Tue, 22 Jul 2008 20:34:33 EDT Burnishing his foreign policy credentials, Democratic presidential candidate Barack Obama is traveling this summer to Iraq and Afghanistan--and the taxpayers will be footing the bill. http://www.ibtimes.com/articles/20080718/taxpayers-pay-for-part-of-obamas-summer-travel.htm Fri, 18 Jul 2008 09:50:57 EDT Burnishing his foreign policy credentials, Democratic presidential candidate Barack Obama is traveling this summer to Iraq and Afghanistan--and the taxpayers will be footing the bill. http://www.ibtimes.com/articles/20080717/obamas-summer-travel-partly-courtesy-of-taxpayers.htm Thu, 17 Jul 2008 18:32:38 EDT Shares of broadline retailers fell Friday, as the broader market slid amid investor concern about the rising price of oil and mortgage lenders Fannie and Freddie Mac. http://www.ibtimes.com/articles/20080711/closing-glance-broadline-retailers-fall.htm Fri, 11 Jul 2008 16:37:24 EDT Discount stores remain a bright spot in the market as concerns linger over the health of consumer spending, according to one analyst. Goldman Sachs analyst Adrianne Shapira said discount retailers outperformed expectations for June same-store sales, especially Wal-Mart Stores Inc., Costco Wholesale Corp. and BJ's Wholesale Club Inc. http://www.ibtimes.com/articles/20080711/ahead-of-the-bell-discount-retailers.htm Fri, 11 Jul 2008 09:05:33 EDT Shares of broadline retailers closed down on Thursday, as continued worries about the health of financial companies offset positive June same-store sales results. http://www.ibtimes.com/articles/20080710/closing-glance-broadline-retailers.htm Thu, 10 Jul 2008 16:08:01 EDT Shares of broadline retailers fell on Thursday, despite positive June same-store sales, as consumers spent rebate checks but still stocked up on food and gas rather than buying discretionary items. http://www.ibtimes.com/articles/20080710/sector-snap-broadline-retailers-decline.htm Thu, 10 Jul 2008 11:40:28 EDT Shares of broadline retailers fell Thursday, as June same-store sales came in better than expected but investors remained skittish on the overall market. http://www.ibtimes.com/articles/20080710/opening-glance-broadline-retailers.htm Thu, 10 Jul 2008 10:25:21 EDT Consumers, armed with government rebate checks, still have eyes only for heavily discounted items and necessities, and the critical back-to-school season is looking like another difficult period for the nation's retailers. http://www.ibtimes.com/data/articleimgs/89134-retail.jpg http://www.ibtimes.com/articles/20080710/retailers-post-mixed-june-sales-results.htm http://www.ibtimes.com/articles/20080710/retailers-post-mixed-june-sales-results.htm Thu, 10 Jul 2008 16:08:52 EDT Wall Street stumbled through another volatile session but ended with a respectable gain Thursday after a multibillion dollar deal between Dow Chemical Co. and rival Rohm and Haas Co. helped offset concerns about the financial sector and energy costs. http://www.ibtimes.com/data/articleimgs/89105-wall-street.jpg http://www.ibtimes.com/articles/20080710/us-stocks-head-for-moderately-higher-open.htm http://www.ibtimes.com/articles/20080710/us-stocks-head-for-moderately-higher-open.htm Thu, 10 Jul 2008 18:28:39 EDT Warehouse club operator Costco Wholesale Corp. said Thursday sales at stores open at least a year, or same-store sales, rose 9 percent in June including gasoline, topping Wall Street's forecast for 8.5 percent growth. http://www.ibtimes.com/articles/20080710/costco-june-same-sales-rise-9-percent.htm Thu, 10 Jul 2008 06:24:38 EDT