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Week of Mon, Dec 9th, 2013

Costco first quarter results miss estimates

Net income for the first quarter of fiscal 2014 rose 2.2% to $425 million, or 96 cents per diluted share, at Costco Wholesale Corp. Sales for the period increased 5.4% to $24.47 billion.

Walmart names Cheesewright CEO of International

Walmart will promote David Cheesewright to the position of president and chief executive officer of Walmart International, succeeding Doug McMillon, who takes the reins as president and CEO of Walmart on February 1.

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