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Fred’s June sales decline more than expected

Fred’s Inc. said Thursday that June sales were lower than expected, and are expected to hurt fiscal second-quarter results to the point that the drug store chain no longer expects improvement from the sequential first quarter. Total sales for the ...

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Costco shares up 2.5% after June sales rise

Costco Wholesale Corp. shares are up 2.5% in Thursday premarket trading after the company reported June sales of $12.17 billion, up 7% from $11.33 billion the year before. Same-store sales for the five weeks ending July 2 were up 6% ...

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AIG names Peter Zaffino COO effective August 1

American International Group Inc. said it has named Peter Zaffino as its new chief operating officer, effective August 1. Zaffino comes to the role from Marsh LLC, a unit of insurance brokerage Marsh & McLennan Cos. Inc. , where he ...

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