Search Results for: Costco
Costco made $3.7 million selling ‘Tiffany’ rings. Now it must pay $19 million to the real Tiffany
August 16th, 2017
Costco must pay the storied jewelry company Tiffany & Co. more than $19 million for selling about 2,500 diamond rings falsely identified on store signs as “Tiffany” rings, a federal judge ruled Monday. Costco’s management “displayed at best a ...
Citi to Ship New Costco Cards in May
March 28th, 2016
Costco and American Express announced end of 16-year relationship last year Costco shoppers will soon get their new plastic. Citigroup Inc. said on Friday that it will start mailing its new Costco Wholesale Corp. co-branded credit cards to members of the warehouse ...
Citi Reaches Deal for American Express’s Costco Credit Card Portfolio
March 1st, 2016
Deal comes after AmEx and Costco said last year they were ending their 16-year relationship Citigroup Inc. reached a deal to buy Costco Wholesale Corp.’s co-branded credit-card portfolio from American Express Co. Financial terms weren’t provided in Monday’s news release. The sale is expected to ...
Visa CEO Predicts 100 Million Contactless Cards in a Year
November 6th, 2018
Visa Inc. has been talking up contactless payments lately, though its executives and spokespersons usually dole out percentages rather than hard numbers to describe what is still a minuscule market in terms of card numbers and transaction volume. But ...
If bitcoin was a stock, it would be the seventy-fourth biggest by market capitalization
August 16th, 2017
If bitcoin was a stock, it would be the seventy-fourth biggest by market capitalization, on the S&P 500. Bitcoin hit a record high of $4,483.55 on Tuesday. Bitcoin’s market capitalization reached as high as $73.5 billion, within touching distance ...
PayPal reports revenue increased 18% to $2.667 billion for Q3
October 24th, 2016
Revenue increased 18% to $2.667 billion, 21% FX-neutral revenue growth GAAP EPS increased 8% to $0.27 and non-GAAP EPS increased 14% to $0.35 Global technology platform and digital payments leader PayPal Holdings, Inc. (Nasdaq: PYPL) announced strong third quarter ...
Wells Fargo Surpasses Citigroup
January 18th, 2016
Wells Fargo sees 6% growth in assets; Citigroup posts strong annual profit Starting the new year, most big banks are touting their regimens to slim down: Wells Fargo & Co. just keeps growing. The San Francisco-based bank surpassed Citigroup Inc. to become the ...
