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Costco Wholesale Corp Reports Flat Growth in Fiscal Third Quarter due to Sluggish Sales

UAE News - Thu, 05/26/2016 - 07:55

On Wednesday, Costco Wholesale Corp reported its fiscal third-quarter financial report which showed no growth in the quarters comparable sales at its U.S. stores. This happened for the very first time in about six years and was a result of weak April sales.

Sales at established stores in the U.S remained flat which did not meet the expectation of the analysts who predicted 1.9 percent growth.  Last time comparable sales had dropped in its U.S stores in 2009.

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Categories: UAE News

Several Insurance Companies Propose Increase in Individual Health Insurance Policies

UAE News - Thu, 05/26/2016 - 07:52

Several of the health insurance companies proposed rate increases that averaged to 22.3 percent in 2017 for individual policies available on the health-insurance exchange that has been created by federal health reform.

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Categories: UAE News

Arca Continental Based in Mexico to be Coca-Cola’s Bottling Partner in the U.S

UAE News - Thu, 05/26/2016 - 07:49

Coca-Cola Co. is joining hands with a Mexican company, Arca Continental, based in Monterrey to manage bottling of its beverages for some parts of the United States. The beverage giant is increasing its dependence on franchise operators which will make and distribute drinks for the company. Elaborate terms of the deal were however not disclosed.

Arca Continental SAB is the second biggest bottler of Coca Cola in Latin America. It will now oversee parts of Texas and some parts of Oklahoma, New Mexico and Arkansas.

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Categories: UAE News

Five arrested for Cheating Taxpayers Pretending to be IRS Officials

UAE News - Wed, 05/25/2016 - 06:08

The number of cases where scammers pose as IRS personnel and steal money from people are on the rise and the agency repeatedly warn people not to fall into their trap.

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Categories: UAE News

New Zealand needs extra 26 hotels to cater to tourists

UAE News - Wed, 05/25/2016 - 03:23

According to a new research, an additional 26 hotels are required to be built in New Zealand in order to cope with the increasing number of tourists arriving in the country during the coming ten years.

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Categories: UAE News

Area360 new platform offer ticket sales without fees

UAE News - Wed, 05/25/2016 - 03:19

Area360, a leading Wellington software development company, has announced that it is launching a new platform that will allow organisations to sell their own tickers avoiding usual fees charged by other platforms.

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Categories: UAE News

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