-
Costco Q1 profit jumps 17%; tops estimates
Issaquah, Wash. – Costco Wholesale Corp. beat Wall Street expectations for net income and sales during the first quarter of fiscal 2015. Net income totaled $496 million, up 17% from $425 million the same period a year earlier. Lower opening expenses and higher interest income helped boost profits. Total revenue grew 7% to $26.87 million from $25.02 million. Total same-store sales rose 5%. -
Amazon testing bike messengers and price haggling
New York - Amazon is testing new features, one for the way it delivers goods, and the other a new pricing option that enables shoppers to haggle directly with third-party marketplace sellers for lower prices. The online giant is testing bike messengers deliveries in New York City, according to various media reports.