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Boston, MA, 03/06/2014 – Costco Wholesale Corp (NASDAQ:COST) announced its second quarter profit which missed analysts’ expectations on account of discounts offered to increase sales during holiday season. It reported a decline of 15% in quarterly profit. The U.S. largest warehouse club chain’s profits failed estimates because of the discounts it offered to...

Boston, MA, 02/28/2014 – In line with the previous dividend payments, the Board of Directors of the Snack manufacturing company Mondelez International Inc (NASDAQ:MDLZ) decided to payout a regular quarterly dividend of 14 cents per share on the company’s common stock. The dividend is payable to the shareholders on record as of March 31′ 2014 and the...

Boston, MA, 02/27/2014 – Target Corporation (NYSE:TGT) has passed the test in its fourth quarter as the retailer posts the results better-than-expected. It has to be noted that analysts have been following Target Corporation closely after the retailer had to cough out over $1 billion to settle claims against the stolen data during the Christmas. Fourth Quarter Review In...

Boston, MA, 02/25/2014  (usastockreport) – BP plc (ADR) (NYSE:BP) said on Monday that it has begun pumping crude from its new well located at one of its four major deepwater project in Gulf of Mexico, marking the second major startup in the region this year. The new well at the Na Kika semi-submersible platform will be the third among six wells which are scheduled to...

Boston, MA, 02/21/2014 – Walter Energy, Inc. (NYSE:WLT) shares dipped after an early surge following its fourth quarter earnings call. The producer of the metallurgical coal reported an upbeat EPS at $0.55 v/s the market expectation of $0.26 per share, but missed on the revenue by $5.44 million, which came at $472 million. During the call, Walter agreed to the fact...

As we reported back in August, opposition has been growing to the July 13th settlement of a federal anti-trust lawsuit over credit card interchange (“swipe”) fees. Under terms of the agreement (still subject to court approval), Visa and MasterCard – along with banks such as JPMorgan Chase, Bank of America, Citibank, Wells Fargo and Capital One – would have...

There is growing opposition to a July 13th settlement on credit card interchange (“swipe”) fees. Target Corporation (NYSE:TGT) and the National Association of Convenience Stores (“NACS”) were two of the first big names to voice their opposition. Then last week Wal-Mart Stores, Inc. (NYSE:WMT), the world’s largest retailer, and the National Grocers Association...