Initial jobless claims rose more than expected last week.
Claims increased to 26,000 to 436,000 in the week ending Nov. 27, The Department of Labor said. The revised average for the previous week was 410,000.
A survey of economist by Reuters foreca…
Regulators are in talks with several major banks to settle a number of investigations of their sales of mortgage-bonds, The Wall Street Journal reported.
The probe focused on the sale of pools of mortgages and other loans as collateralized debt oblig…
The European Central Bank left interest rates unchanged for a 20th straight month.
Officials at the ECB in Frankfurt left the benchmark lending rate unchanged at 1%, Bloomberg News reported. The move was widely forecast by analyst and economists.
A…
Luxury-home builder Toll Brothers Inc (TOL) reported earnings of 30 cents per share for the quarter ending Oct. 31, compared with a loss of 68 cents per share a year earlier.
Revenue declined 17% to $402.6 million, the company said in a statement. Ea…
Costco Wholesale Corp. (COST) said sales at stores open at least one year rose 9% in the four weeks ending Nov. 28, compared with the same period a year ago.
Comparable sales in the U.S. rose 7%, while comparable sales at international stores gained 13%, the company said in a statement.
For the 13-week period ending Nov. 28, comparable sales rose 7%.
The company reported net sales…
Continue reading Costco Reports 9% Increase in Nov. Comparable Sales
Costco Reports 9% Increase in Nov. Comparable Sales originally appeared on DailyFinance on Thu, 02 Dec 2010 07:22:00.
Filed Under: Company News, Costco, Retail