Business News

Costco profits and sales higher

Today is the final trading day of the week, September and the third quarter.  The Dow, S&P 500, and NASDAQ look to post strong Q3 gains. But only the NASDAQ is in a position to make gains in September. (CNBC)

Costco reported higher quarterly profits as they paid lower fees to credit card partner Visa. Costco said customers opened 730,000 new credit card accounts since the launch of its new Visa cards in June.  Profits rose to $779 million, up 2.3%. Quarterly sales rose 2% to $35.73 billion. Same store sales dropped 1%. (Reuters)

Wilsonville based Mentor Graphics has seen Elliott Management double its stake in the company to 8.1%. Elliott says the maker of electronic testing tools is deeply undervalued. (Reuters)

The synergies of food and business can make strange bed fellows. Coca-Cola and Dunkin Donuts are joining forces to market bottled Dunkin' Donuts-branded coffee. It's expected to U.S. stores early next year. (CNBC)

Join us this weekend for Financial Focus Radio when we will talk about why big banks are such a target in light of the Wells Fargo scandal.

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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