Delta Airlines ( DAL) is considering a bid for ConocoPhillips' ( COP) idled 185,000 barrel per day refinery in Trainer, Penn., Reuters reported, citing a source familiar with the negotiations. The board of Delta has met twice to discuss a potential bid, Reuters said. The second largest U.S. air carrier is mulling the bid in an effort to hedge fuel costs. First You Screw Up, Then Lie and Finally Die
Costco ( COST), the warehouse retailer, said comparable-store sales in March rose 6%, while total sales gained 9.6% to $9.13 billion. Fed Kills Gold Trade, but Doesn't Bury It
Bed Bath & Beyond ( BBBY), the specialty retailer, easily topped Wall Street's fourth-quarter earnings expectations. Bed Bath & Beyond reported earnings of $351 million, or $1.48 a share, for the three months ended Feb. 25. Sales rose 9.1% to $2.73 billion. Same-store sales rose 6.8% in the quarter. Analysts were expecting profit of $1.33 a share on sales of $2.66 billion. The company also forecast earnings of 79 to 83 cents a share for the fiscal first quarter ending in May; analysts forecast 82 cents a share.
Constellation Brands ( STZ) is slated to report its fiscal fourth-quarter results before the opening bell, and analysts expect the alcoholic beverage company to earn 38 cents a share in the February-ended period on revenue of $626.4 million. Other companies reporting earnings Thursday include Carmax ( KMX) and Pier 1 Imports ( PIR). 9 Stocks That Prove Dividends Make All the Difference
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