Horizon Air pilots approved an amended contract that raises the carrier's pay scale. Seventy-nine percent of voting Horizon pilots approved ratification with an 88% participating. (OregonLive)
Sears reported a first-quarter loss and same-store sales continued to decline at a double-digit pace. The company sold its Craftsman brand to Stanley Black & Decker in March for $525 million. Sears ended the first quarter with $264 million in cash. Sears stock has fallen more than 19% year-to-date and is down about 40% over the past 12 months. (Reuters)
Best Buy had strong sales of mobile devices and gaming products during the first quarter. Best Buy sales climbed to $8.53 billion. Online sales jumped 22.5% domestically. The company had profits of $188 million, or 60 cents per share. (AP)
Costco shares are on fire posting a quarterly profit of $700 million, or $1.59 per share. Total sales rose 7.8% to $28.86 billion. Sales and how much members pay in annual fees both rose. Total same store sales rose 5%. U.S. same stores sales rose 6%. Of Costco's 732 stores, 510 are in the U.S. Costco shares are up 9% since the beginning of the year. (AP)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.