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☆ Costco misses holiday-quarter revenue expectations despite online growth
▼ + stars: | 2024-03-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Costco on Thursday missed Wall Street's revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains. Costco's revenue for the quarter increased from $55.27 billion in the year-ago period. Fresh foods were up high single digits and nonfoods were up mid single digits. Ancillary businesses, which includes more service-related purchases like travel, were up by low single digits, he said. In the second quarter, Costco opened four new clubs, including three in the U.S. and one in Shenzhen, China.

Persons: Richard Galanti, Galanti, it's, Kirkland Organizations: Costco, LSEG, U.S ., Costco Business Centers Locations: U.S, Puerto Rico, Canada, Mexico, Japan, China, Shenzhen

☆ We're DINKs who make $190k a year and work from home. Here's what our typical Costco haul looks like.
▼ + stars: | 2024-02-20 | by ( Jacqueline Gualtieri | ) www.businessinsider.com time to read: +9 min

Here's what my partner and I usually get for $350 in our high-cost-of-living California city. AdvertisementWe usually pick up variety packs of Poppi, which contain prebiotics for gut health and have fewer calories and added sugars than most sodas. There are few places to grab bagels around my home now, so the bagels at Costco are a decent replacement. Instead of using cream cheese, I put Laughing Cow spreadable cheese on my bagel, preferably the light option if Costco has it. It's a good substitute for unhealthier snacks, and a pack of 60 only costs us about $10 at Costco.

Persons: —, we're DINKs, Jacqueline Gualtieri, we're, Ade kombucha, Costco's, Caesar, Costco Jacqueline Gualtieri, Gualtieri, We've, Kirkland Organizations: Service, Area, Business, Costco, Del Real Foods, Kirkland Locations: Central Coast, Monterey, California, Del Real, Italian

☆ 5 Costco items that are always worth buying—one $10 deal can 'easily feed a family of 4'
▼ + stars: | 2024-02-04 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Note that prices can vary between Costco stores, and that in-store prices tend to be cheaper than what's found online. You also need an annual membership to shop at Costco stores, which can factor into how much you save. Ramhold recommends the four-pound package of Kirkland Signature Premium Sliced Bacon, which can be found for $15.29, she says. Costco's gas prices tend to be cheaper than what you'll find at nearby gas stations. Just be aware that Costco gas stations are popular, so long lines are common, especially on weekends or just before and after work hours on weekdays.

Persons: Julie Ramhold, Bacon Costco, Ramhold, there's, Costco's Kirkland, That's, Bell Organizations: Costco, Signature, CNBC, Kirkland, Walmart, New York Costco Locations: New York

☆ Costco CFO says China has huge potential as he gives us a peek at international expansion plans
▼ + stars: | 2024-01-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

The world's second-largest economy has "very good potential" for Costco expansion, CFO Rich Galanti told CNBC. In an interview with Galanti, the warehouse club's numbers cruncher gave CNBC a glimpse at Costco's longer-term expansion plans. Costco plans to open one more China location this calendar year after the debut earlier this month of the store in the southern Chinese city of Shenzhen. Costco's international segment "continues to grow as a percent of the store base," he told CNBC. Shoppers queue in the parking lot to enter the Costco Wholesale Corp. store in Shenzhen, China, on Sunday, Jan. 14, 2024.

Persons: Rich Galanti, Galanti, Craig Jelinek, Jim Cramer, We've, Jelinek didn't, Ron Vachris, signups, Phillip Blee, William Blair, Blee, cardholders, Corey Tarlowe, Tarlowe, Michael Baker, Davidson, Kirkland, bode, Jim Cramer's, Jim, Qilal Shen Organizations: Costco, CNBC, cruncher, Disney, Jefferies, D.A, Kirkland, Tarlowe, Shoppers, Costco Wholesale Corp, Bloomberg, Getty Locations: Shenzhen, China, Canada, North America, United States, Mexico, South America, Shanghai, U.S, —

☆ Taiwan: A PC upgrade cycle could help the semiconductor industry, says financial services firm
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaiwan: A PC upgrade cycle could help the semiconductor industry, says financial services firmKirk Yang, chairman and CEO of Kirkland Capital, discusses the outlook for Taiwan's semiconductor industry in the wake of its elections.

Persons: Kirk Yang Organizations: Taiwan, Kirkland Capital

☆ Clorox's cyber chief leaves as recovery from cyberattack continues - Bloomberg News
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/David Ryder/File Photo Acquire Licensing RightsNov 15 (Reuters) - Clorox's (CLX.N) chief information security officer, Amy Bogac, has left the company as it works to recover from a cyberattack, Bloomberg News reported on Wednesday, citing an internal memo. The incident in August threw the cleaning supplies maker's order fulfillment facilities out of gear for more than a month, and forced it to trim its annual revenue forecast. The memo does not address the reasons for Bogac's departure, the Bloomberg report said, adding that Chau Banks, Clorox's chief information and data officer, would fill the role on an interim basis. The Pine-Sol maker's net revenue fell 20% in the first quarter ended Sept. 30, when its products were off the shelves for a short period following the cyberattack. Clorox was among several companies including MGM Resorts International (MGM.N) and Caesars Entertainment (CZR.O) to be hit by cyber attacks this year.

Persons: David Ryder, Amy Bogac, Clorox, Chau Banks, Juveria Tabassum, Shilpi Majumdar Organizations: Life Care, of Kirkland, REUTERS, Bloomberg, Reuters, MGM Resorts International, Caesars Entertainment, Thomson Locations: Kirkland , Washington , U.S, Chau

☆ Clorox says certain business operations disrupted in cyber attack
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-Healthcare workers carry Clorox wipes and other supplies into the Life Care Center of Kirkland, the long-term care facility linked to several confirmed coronavirus cases in the state, in Kirkland, Washington, U.S. March 5, 2020. REUTERS/David Ryder/File PhotoAug 14 (Reuters) - Clorox (CLX.N) said on Monday it had taken certain systems offline after unauthorized activity disrupted some business operations. It said it was implementing workarounds for certain offline operations in order to continue servicing its customers and had engaged third-party cybersecurity experts to support its investigation and recovery efforts. The company said it was also coordinating with law enforcement to address the issue that had affected some of its information technology systems. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: David Ryder, Ananya Mariam Rajesh, Shinjini Organizations: Life Care, of Kirkland, REUTERS, Thomson Locations: Kirkland , Washington , U.S, Bengaluru

WASHINGTON, June 28 (Reuters) - The U.S. Department of Health and Human Services (HHS) was among those affected by a wide-ranging hack centered on a piece of software called MOVEit Transfer, Bloomberg News reported on Wednesday. The report comes as the hackers behind the massive breach claimed credit for stealing data from two major law firms, Kirkland & Ellis LLP and K&L Gates LLP. Kirkland and K&L did not immediately return messages left after hours. The group has previously insisted it doesn't deliberately steal data from government organizations, but that doesn't mean that data hasn't been compromised. Bloomberg cited a person familiar with the incident at HHS as saying that tens of thousands of records could have been exposed.

Persons: Ellis, cl0p, Gates, Kirkland, doesn't, Cl0p didn't, Jon Clay, TrendMicro, Raphael Satter, Lincoln Organizations: U.S . Department of Health, Human Services, Bloomberg, Kirkland, Gates, HHS, Progress Software, Thomson Locations: Russian

[1/2] A worker arrives at the Department of Health and Human Services in Washington, October 1, 2013. REUTERS/James Lawler Duggan/File PhotoWASHINGTON, June 28 (Reuters) - The U.S. Department of Health and Human Services (HHS) was among those affected by a wide-ranging hack centered on a piece of software called MOVEit Transfer, a source at HHS said on Wednesday. "While no HHS systems or networks were compromised, attackers gained access to data by exploiting the vulnerability in the MOVEit Transfer software of third-party vendors," a health department official familiar with the matter said. Hackers behind the massive breach also claimed credit for stealing data from two major law firms, Kirkland & Ellis LLP and K&L Gates LLP. Kirkland and K&L did not immediately return messages left after hours.

Persons: James Lawler Duggan, Ellis, cl0p, Gates, Kirkland, doesn't, Cl0p didn't, Jon Clay, TrendMicro, Raphael Satter, Lincoln Organizations: Department of Health, Human Services, REUTERS, WASHINGTON, U.S . Department of Health, HHS, Kirkland, Gates, Bloomberg, Progress Software, Thomson Locations: Washington, Russian

U.S. Bankruptcy Judge Jeffrey Graham in Indianapolis had dismissed Aearo Technologies' bankruptcy on Friday, finding that it was "fatally premature." Despite the "staggering" number of earplug lawsuits, Aearo has significant financial support from 3M and enjoys a "greater degree of financial security than warrants bankruptcy protection," Graham ruled. 3M and Aearo had argued that the earplug litigation had spiraled out of control and could be resolved only in bankruptcy. The case is Aearo Technologies LLC, U.S. Bankruptcy Court for the Southern District of Indiana, No. Read more:US judge rejects 3M effort to resolve earplug lawsuits in bankruptcy3M foes act fast to capitalize on J&J’s talc bankruptcy defeat3M earplug bankruptcy creates "corrosive" tension with other courts, attorney saysBankruptcy as MDL escape hatch?

Persons: Jeffrey Graham, Aearo, Graham, Chad Husnick, Kirkland & Ellis, Melanie Cyganowski, Bryan Aylstock, Christopher Seeger, Seeger Weiss, David Molton, Brown Rudnick, Michael Tuchin, Kevin Maclay, Read, Dietrich Knauth Organizations: Aearo Technologies, 3M, Bankruptcy, Southern, Southern District of, Kirkland &, KTBS, Caplin, Drysdale, Thomson Locations: U.S, Indianapolis, Pensacola , Florida, Southern District, Southern District of Indiana, Kirkland, Witkin

☆ 5 things you should always buy at Costco—and 5 you can skip
▼ + stars: | 2023-06-09 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Gas Costco consistently has lower gas prices when compared with local gas stations, although you'll need a $60 Costco membership to access their pumps. The only catch with Costco gas is that "everybody in town knows it's cheap," says Ramhold. Nuts Costco has a wide variety of nuts that come with some of the lowest prices you can find. Kirkland brand maple syrup is a hit with Costco-focused food review websites, with one rating it a "must buy." Pizza Costco's famously cheap $1.50 hot dog and drink combo gets a lot of attention, but you could argue the store's food court pizza offers even more value.

Persons: Harris, Julie Ramhold, I've, that's, Pizza Organizations: Costco, Kirkland Signature, CNBC, Gas Costco, New York Costco, Walmart Locations: New York, Kirkland

☆ Kirkland Capital discusses chips industry, Nvidia and TSMC
▼ + stars: | 2023-05-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChips industry: Nvidia the only company doing well from A.I. exposure, says financial services firmKirk Yang of Kirkland Capital says "in Taiwan … the major revenue still comes from PC and smartphone sectors," which are still going through inventory corrections.

Persons: Kirk Yang, Kirkland Organizations: Nvidia, Kirkland Capital Locations: Taiwan

U.S. District Judge Paul Diamond's order in Philadelphia federal court granted a request by Unisys to depose Leon Gilbert and Michael McGarvey, former leaders of Unisys' "digital workplace solutions" business unit. Representatives for France-based Atos and lawyers for Gilbert and McGarvey did not immediately respond to messages on Wednesday seeking comment. Unisys in a court filing said that "this case involves the theft of huge quantities of Unisys trade secrets," including technologies and business strategies for digital workplaces. Attorneys for Gilbert and McGarvey disputed the allegation and said "Unisys has not identified a single trade secret." The case is Unisys Corp v. Leon Gilbert and Michael McGarvey, U.S. District Court for the Eastern District of Pennsylvania.

☆ We're having loyal Costco shoppers share their grocery lists with us. Here are their favorite things to buy there.
▼ + stars: | 2023-02-21 | by ( Business Insider | ) www.businessinsider.com time to read: +36 min

Read Abigail Abesamis Demarest's full Costco shopping list: I've shopped at Costco for over 10 years. AdvertisementRead Lisa Tanner's full Costco shopping list: I'm a mom of 10 who's shopped at Costco for almost 20 years. Read Tara Zeller's full Costco shopping list: I drive 4 hours and spend $500 for every Costco trip. AdvertisementRead Majed Kassis' full Costco shopping list: I run a Costco fan account with over 390,000 followers. Read Rachel MacPherson's full Costco shopping list: I'm a personal trainer who shops for a family of 6 at Costco.

Persons: —, Abigail Abesamis Demarest, Demarest, chia, Read Abigail Abesamis Demarest's, I've, Alicia Diaz, Diaz, Kirkland, Alicia Diaz's, Lisa Tanner, Orville, Tanner, Rice, Lisa Tanner Tanner, Read Lisa Tanner's, who's, Tara Zeller, Zeller, Tara Zeller Zeller, Tara Zeller Costco, Read Tara Zeller's, Kassis, fryer, Majed, Candace Nelson, Candace Nelson Nelson, Nelson, Read Candace Nelson's, Salma Hamze, Salma Hamze Hamze, Read Salma Hamze's, Dana Engelbert, Dana Engelbert Engelbert, Engelbert, Read Dana Engelbert's, Gemma Acheampong's, Gemma Acheampong, Acheampong, Gemma Acheampong Costco, Read Gemma Acheampong's, Lizzy Briskin, Lizzy, Briskin Chock, Briskin, Lizzy Briskin's, Jordan Kuntz, Ina Garten, Change's microwavable, Read Jordan, Olivia Yi, Pesto, Olivia Yi Yi, Genovese, Olivia Yi Kirkland, Yi, Read Olivia Yi's, Rachel MacPherson, Rachel MacPherson Costco, MacPherson, Read Rachel MacPherson's, Chelsea Schnyer's, Chelsea Schnyer Schnyer, Chelsea Schnyer, margarita, Schnyer, Lou's, Read, Savannah, Frierson Frierson, Fry, Gabriella Sorrento, Gabriella Sorrento Sorrento, Read Gabriella Sorrento's, Elizabeth Blasi, Blasi, Read Elizabeth Blasi's, Alana Al, Hatlani, Benedict, Meredith Ochs, Meredith Ochs Ochs, Ochs, Meredith Ochs Kirkland, They're, Read Meredith Ochs, Veronica Thatcher, Read Veronica Thatcher's, Molly Allen, Allen, Read Molly Allen's, Janice Costa, Janice Costa Costa, She's, Costa, Read Janice Costa's, Karlin, Karlin Krishnaswami Krishnaswami, she's, Karlin Krishnaswami, they're, Read Karlin, Lindy Vogel, Vogel, Lindy Vogel's, Dominic Bucca, Dominic Bucca Bucca, Bucca, Read Dominic Bucca's Organizations: Costco, Service, Abigail Abesamis Demarest Costco, Starbucks, Kirkland, Kuntz, Chelsea, Read, Costa, Alaska Omega Locations: New York, Thai, They're, veggies, Ghanaian, mayo, Chelsea, Savannah, Alaska, Maldon

☆ Microsoft and Google promised to invest in these communities. Now they’re backtracking
▼ + stars: | 2023-02-14 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +11 min

Hyosub Shin/The Atlanta Journal-Constitution/ZUMA Press WireFacebook-parent Meta, Microsoft, Salesforce and Snap have each shuttered offices or announced plans to cut back on real estate, according to recent corporate announcements, filings and local news reports. But residents also had cautious optimism about the benefits Microsoft promised to the community, according to Hope. Hope’s community isn’t alone in confronting the whiplash of Silicon Valley’s real estate pullback. An office sits vacant on October 27, 2022 in San Francisco, California. The US Census Bureau reports an estimated 35% of employees in San Francisco and San Jose continue to work from home.

Nanoco and Chicago-based litigation funding firm GLS Capital said in a release that the settlement, which includes a license agreement and the "transfer of certain patents," resolves litigation in the United States, Germany and China. Nanoco's quantum dots improve the backlighting of LED displays without the use of toxic heavy metals like cadmium. The Texas lawsuit said Samsung began incorporating Nanoco's technology into high-end QLED TVs launched in 2017. Third-party funding of lawsuits has becoming increasingly common in recent years, though details about specific investments are rarely publicized. The case is Nanoco Technologies Ltd v. Samsung Electronics Co, U.S. District Court for the Eastern District of Texas, No.

☆ Stocks making the biggest moves after hours: Apple, Amazon, Ford and more
▼ + stars: | 2023-02-02 | by ( Jesse Pound | ) www.cnbc.com time to read: +5 min

Here are the notable stocks making moves after hours on Thursday, Feb. 2. Apple — The consumer tech stock tumbled 4% in extended trading after the company reported weaker-than-expected results for its fiscal first quarter. The company reported $1.88 in earnings per share on $117.15 billion of revenue. Amazon reported $149.20 billion in revenue for the quarter, above the $145.42 billion expected, according to Refinitiv. The company reported a 2% decline in comparable transactions year over year, thanks in part to weakness in China.

U.S. District Judge Rodney Gilstrap said halting the lawsuit until the Patent Trial and Appeal Board reviews the patents would unnecessarily delay the court case and prejudice Caltech. Representatives for Samsung and Caltech did not immediately respond to a request for comment. The school's 2021 lawsuit alleges Samsung's Galaxy phones, tablets, watches and Wi-Fi-enabled Samsung products like televisions and refrigerators infringe its data-transmission patents. The Texas case is scheduled to go to trial in September. The case is California Institute of Technology v. Samsung Electronics Co, U.S. District Court for the Eastern District of Texas, No.

Organizations: & $

Companies Costco Wholesale Corp FollowJan 17 (Reuters) - A U.S. judge on Tuesday said Costco Wholesale Corp (COST.O) must face a lawsuit claiming it falsely advertises and labels its canned tuna as "dolphin safe" despite using fishing methods that harm and kill dolphins. The Issaquah, Washington-based retailer said Wright only speculated about the risk to dolphins in tuna she bought, and that it made no promises about dolphin safety beyond using a "dolphin safe" logo on labels. He said this was particularly important because consumers "overwhelmingly" prefer tuna labeled dolphin-safe when given a choice. The case is Wright v Costco Wholesale Corp, U.S. District Court, Northern District of California, No. Reporting by Jonathan Stempel in New York; Additional reporting by Mehr Bedi in Bengaluru; Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

☆ More mainland Chinese firms will take away market share from Taiwan iPhone suppliers: Investment firm
▼ + stars: | 2023-01-09 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

"Chinese companies are getting pretty competitive for iPhone assemblers. More mainland Chinese electronics manufacturing companies are set to take away market share from Taiwanese counterparts such as Foxconn and Pegatron , an investment fund manager said. "Chinese companies are getting pretty competitive for iPhone assemblers. "So that's why eventually, you are going to see more and more Chinese companies taking market share away from Taiwanese electronic companies," Yang added. That comes after Foxconn posted record unaudited revenue in 2022 and reported that output at its iPhone plant in China had "basically returned to normal."

☆ Hon Hai has 'no choice' but to offer bonuses to retain workers in China: Financial services firm
▼ + stars: | 2023-01-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHon Hai has 'no choice' but to offer bonuses to retain workers in China: Financial services firmKirk Yang of Kirkland Capital says it's been "very difficult" to retain factory workers in China because of the Covid situation there.

☆ Corporate America is bracing for a rise in activist investing. Meet the 13 lawyers on speed-dial when companies and investors fight for boardroom control.
▼ + stars: | 2022-11-23 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +11 min

Law firms including Olshan Frome Wolosky LLP and Schulte Roth & Zabel are go-tos for activist investors looking to change how companies do business. Kai Liekefett, who co-chairs Sidley's shareholder activism practice, last year successfully defended cloud company Box Inc. in a proxy fight by Starboard. Liekefett has also defended clients against major activist investors including Carl Icahn and Trian Partners. He has advised clients against major activist investors including Trian, Carl Icahn, Starboard Value and the billionaire Paul Singer. Lawrence Elbaum and Patrick Gadson, Vinson & ElkinsPatrick Gadson (L) and Lawrence Elbaum (R), co-heads of Vinson & Elkins' shareholder activism group.

A conflict could arise in the future, if, for example, Aearo and 3M disagreed about the terms of a future settlement, Graham said. If that happened, Kirkland could face disqualification, loss of fees, or even potentially the dismissal of Aearo's bankruptcy case, according to the judge. Kirkland has defended 3M in the MDL, and it represents Aearo in the bankruptcy case that was meant to spur a settlement of the earplug lawsuits. The plaintiffs and the U.S. Department of Justice's bankruptcy watchdog sought to disqualify Kirkland from representing Aearo in the bankruptcy, saying it could not faithfully serve both Aearo and 3M. The case is Aearo Technologies LLC, U.S. Bankruptcy Court for the Southern District of Indiana, No.

☆ Apple iPhone production will not be badly affected by Zhengzhou's Covid situation, analyst says
▼ + stars: | 2022-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple iPhone production will not be badly affected by Zhengzhou's Covid situation, analyst saysKirk Yang of Kirkland Capital says that even with potential disruptions from the Covid-19 situation in Zhengzhou, China there is enough stock to meet demand.

☆ Amazon will open 172,000-square-foot Project Kuiper internet satellite factory
▼ + stars: | 2022-10-27 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

Amazon said Thursday it will open a new plant in a Seattle suburb to build satellites for Project Kuiper. Unveiled in 2019, Project Kuiper, is Amazon's plan to build a network of 3,236 satellites in low Earth orbit to provide high-speed broadband internet. Amazon notched a key milestone in 2020 when the Federal Communications Commission authorized the satellite internet system. Amazon has said it plans to invest more than $10 billion into building Project Kuiper, and it already has a 219,000-square-foot research and development facility based in Redmond, Washington. WATCH: How Amazon's Project Kuiper is taking on SpaceX's Starlink satellite internet

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