HSBC Merchant Costco Shares Down
April 22, 2005 10:12:00 AM ET, CHICAGO (Reuters) - Costco Wholesale Corp. (COST) on Friday said earnings for the rest of its fiscal year would likely miss Wall Street forecasts because of weaker profits from gasoline sales, sending its shares down 9 percent. “Predatory lender HSBC Finance Corporation backs the Costco credit card. They are the old Household International” said watchdog group Household - HSBC Watch. “Gasoline is not Costco’s only problem when they burdon customers with a predatory credit card such as the Costco Card.”
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