Last year, Costco Wholesale moved almost 400,000 vehicles of all major brands in the U.S., twice as many as in 2008. Costco is tapping America’s growing wariness with car dealers. Costco doesn’t sell cars per se.
Fewer Americans sought unemployment benefits last week, a sign that job cuts remain low as employers are confident enough in the business outlook to hold onto their staffs.
China’s red-hot Shenzhen stocks are the next “short of a lifetime”, closely watched investor Bill Gross announced late Wednesday, however many strategists beg to differ.
The U.S. tight-oil boom is here to stay despite low crude prices as technological breakthroughs will allow steep reductions in costs, the head of U.S. firm ConocoPhillips (COP.N) told a seminar organised by oil-producing group OPEC. Tight-oil reservoirs can remain viable today, breakeven costs are already down by 15 to 30 percent,” Ryan Lance, chairman and CEO of Conoco, said on Thursday. The North American shale oil industry “will survive
Apple’s first yen bond sale has raised $2 billion for the company, according to a regulatory filing Thursday. Apple’s 250 billion Japanese yen-denominated bond has a coupon of 0.350 percent and matures …
High-ranking members of Greece’s governing radical left Syriza party say they cannot accept a deal proposed by the country’s creditors during a meeting between Prime Minister Alexis Tsipras and the head …
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Sheila Bair has a new job, but still has some of the same concerns about our financial system.
The oil industry has not fully adapted to a world of lower energy prices yet. Sure, the U.S. drilling rig count is down 60% since peaking late last year. But one gets the feeling oil executives and oil investors both believe higher prices are just around the corner.
A class action suit is being brought against the company.