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1 Article
Source: Common Domain

Sales Rise at Costco, but Fall Short of Expectations

Friday 20:01 GMT

Same-store sales, which the company defines as those at stores open for more than a year, grew 8.8% in the quarter, on par with what analysts expected and driven by an 11% comparable-sales increase in the U.S.. Costco has reported robust quarterly sales in recent years, even as other retailers floundered in the face of online competition.

Some investors have worried Costco will eventually face stiff competition from Amazon.com Inc. Costco has expanded its online offerings, adding more products for sales online and last year introducing same-day grocery delivery from its website through a partnership with Instacart, a startup that delivers groceries from multiple retailers.

1 Article
Source: BBC

What's behind Kanye and Drake's war of words?

Saturday 12:42 GMT

"Me and Hov would've never made Watch the Throne if this [Drake] wasn't putting pressure on us like that, so I just wanna pay my respects,. Things went sour earlier this year, when Kanye got dragged into a dispute between Drake and his longtime rival Pusha T.. Ye produced a song called Infrared, on which Pusha accused Drake of using a ghostwriter for his lyrics, triggering a flurry of social media insults and diss tracks.

1 Article
Source: The Guradian

Fire and Fury wins ‘total loser’ Michael Wolff a place on authors’ rich list

Friday 10:50 GMT

Runaway sales of White House exposé Fire and Fury have powered Michael Wolff into Forbes’s annual round-up of the world’s highest paid authors for the first time.

Forbes said that Donald Trump, whom Wolff alleges in the book was described as a “fucking idiot” by news mogul Rupert Murdoch, had helped publicise the bestseller by writing on Twitter: “Michael Wolff is a total loser who made up stories in order to sell this really boring and untruthful book.”

1 Article
Source: BBC

For sale: Falklands penguin island

Friday 16:20 GMT

At 20 miles long and about four miles wide, Pebble Island is the third largest offshore island in the Falklands, complete with a mini mountain range, lakes, miles of coastline and cliffs, and a pebble beach after which it was named.

It is home to a thriving sheep farm, established when it was purchased, a number of lodges which contribute to tourism on the island, 125 cattle to boost the island's market, a wind turbine and solar panels to generate power.

1 Article
Source: Common Domain

Cross U.S. Consumers Off the Worry List

Saturday 15:24 GMT

Not only are American consumers spending, they are well-positioned to weather any rough patches after the holidays

The higher saving rate and lower dependency on debt make it easier for consumers to maintain spending through any soft patches—not that there appear to be any in the offing. A strong job market and rising wages have been bolstering incomes and spending, and that looks likely to continue.

1 Article
Source: Common Domain

Under Armour’s #MeToo Problem Is Also a Growth Problem

Friday 09:54 GMT

The latest #MeToo revelations at Under Armour , UAA -10.44% including employees charging strip-club visits to their corporate credit cards, were largely ignored by investors.

After a long stretch of solid growth, which took the stock to a high in 2015, Under Armour has struggled to find its place in the changing sports-apparel landscape.

1 Article
Source: Fox News

Original Civil War-era Lincoln letter up for sale

Friday 20:01 GMT

An original letter written and signed by President Abraham Lincoln in the middle of the Civil War was recently discovered among a collection of family heirlooms belonging to the direct descendants of Mary Todd Lincoln.

The Raab collection has worked on the sale and preservation of many important historical documents, and with the families of their authors, including Thomas Jefferson, Ulysses S. Grant and Ronald Reagan among others.

1 Article
Source: Reuters

Apple China says it will push software update in bid to resolve...

Saturday 04:14 GMT

Apple Inc, facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc patents, said on Friday it will push software updates to users in a bid to resolve potential issues.

“Early next week we will deliver a software update for iPhone users in China addressing the minor functionality of the two patents at issue in the case.” The case, brought by Qualcomm, is part of a global patent dispute between the two U.S. companies that includes dozens of lawsuits.

1 Article
Source: Common Domain

Tlingit Rattle Fetches US$504,500 at Bonhams’ Native American Art Sale

Saturday 19:04 GMT

An exceptional 228-year-old rattle, thought to be carved by the greatest woodcarver Kadjisdu.axch of the indigenous people of Tlingit, sold for US$504,500 during a Bonhams sale of Native American Art in Los Angeles earlier this week.

Other top lots at the Bonhams sale of Native American Art include an early Woodlands/Great Lakes quilled and beaded pouch, which sold for $40,000; and a Lakota Lakota Sioux three-bladed effigy club, selling for $68,750.

1 Article
Source: Common Domain

Look to These Five Retailers to Bring Holiday Cheer

Saturday 11:45 GMT

Toys “R” Us, Sports Authority, RadioShack, The Bon-Ton, Payless Shoes, H.H. Gregg, The Limited, Gymboree, and Gander Mountain have all disappeared from the retail landscape.

Here are five that may win big:. Target has made massive investments, remodeling its stores at the same time that it has invested in its e-commerce capabilities. Those are the right moves in the digital era, when consumers want the flexibility and convenience of both brick-and-mortar and online shopping.

1 Article
Source: Common Domain

Costco stock set for worst one-day decline in 10 years after sales miss, but analysts are unfazed

Saturday 16:21 GMT

Costco Wholesale Corp. shares fell Friday and were the second-biggest S&P 500 decliner, after the company reported weaker-than-expected sales for its fiscal first quarter.

The stock COST, -8.33%  was last down 8.1%, putting it on track for its worst one-day percentage decline since October 2008, according to FactSet data. The Issaquah, Wash.-based company said late Thursday it had net income of $767 million, or $1.73 a share, in the quarter to Nov. 25, up from $640 million, or $1.45 a share, in the year-earlier quarter.

1 Article
Source: The Guradian

Wimbledon to expand after golf club members vote to sell for £65m

Saturday 12:41 GMT

Piers Morgan, Ant McPartlin and Dec Donnelly, former cabinet secretary Lord Gus O’Donnell, and the 754 other members of Wimbledon Park golf club have voted to sell their 120-year-old club to All England Lawn Tennis Club (AELTC) for £65m.

The golf club members voted 82% in favour of selling the 30-hectare (73-acre) golf club to the world famous Wimbledon tennis championship, which has fought a decade-long battle to expand the Grand Slam tournament on to the neighbouring golf club’s land.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte