Wal-Mart Workers Stage Protest and 4 Hot Stocks Trading Today
Costco Wholesale (NASDAQ:COST) reports a solid fourth quarter clocking an EPS of $ 1.39 which is better than expectations by $ 0.08, while revenues are up 14% year on year at $ 31.52 billion though off expectations by $ 0.17 billion. Same-store sales are higher by 5% and membership fee revenues rise by 18% to $ 694 million. Analysts are appreciative of the company’s strategy to draw in customers through low gas prices and encourage them to take up membership at higher fees.
Workers are protesting working conditions and wage levels at 28 stores of retailing giant Wal-Mart (NYSE:WMT) across 12 states. Union spokesman Dan Schlademan reveals that about 200 employees would stage a protest at Walmart’s Bentonville headquarters during the company’s annual meeting with financial analysts.
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After jeans maker True Religion Apparel (NASDAQ:TRLG) received indications of interest from third parties regarding a potential transaction, it has formed a special committee composed of non-management directors to explore strategic alternatives including a possible sale.
Amazon (NASDAQ:AMZN) is likely to launch its subscription video on demand service in France by March 2013, as revealed by Canal Plus head Bertrand Meheut during a hearing with the French Council of State, and reported by Hollywood Reporter.
RBS (NYSE:RBS) has sold two commercial buildings in Frankfurt and Berlin to Axa Investment Managers for an aggregate € 790 million as the bank continues to dispose off non-core assets.
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