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Companies team for technologies
ISSAQUAH, Wash., April 22 (UPI) -- Shares in Costco Wholesale of Issaquah, Washington fell 9 percent Friday morning as it said it will not reach its projected earnings forecast for this year.
The bulk-selling discounter said that higher energy costs would hurt gasoline sales profits in particular. It added that earnings per share were likely to be between 63 cents and 67 cents, below the initial forecast of 70 cents.
"Despite satisfactory sales and membership results, and reasonably good expense control, our gross margins were lower than planned, principally from gasoline sales," said chief financial officer Richard Galanti.
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ASHGABAT, Turkmenistan, May 23 (UPI) --
The signing of a deal for a multilateral natural gas pipeline from Turkmenistan is a milestone in regional economic affairs, an Indian minister said.
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WASHINGTON, May 22 (UPI) --
A U.S. Senate committee report has revived controversy over alleged counterfeit Chinese electronic components entering U.S.-made defense equipment and weapons.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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