Costco Wholesale Corporation Election of New Chairman

Amazon.com on Thursday won more than $1.5 billion in a tax dispute with the Internal Revenue Service over transactions involving a Luxembourg unit more than a decade ago. The IRS case involved “transfer pricing,” which arises when different units of multinational companies transact with each other. Amazon argued that the IRS overestimated the value of “intangible” assets, such as software and trademarks that it had transferred to a Luxembourg unit called Amazon Europe Holding Technologies SCS. The world’s largest online retailer has said the case involved transactions in 2005 and 2006, and could boost its federal tax bill by $1.5 billion plus interest. Amazon also said a loss could add “significant” tax liabilities in later years. Judge Albert Lauber of the U.S. Tax Court rejected a variety of IRS arguments, and found that on several occasions the agency abused its discretion, or acted arbitrarily or capriciously. click Read More below for more of the story

Fourth Quarter 2018 Consolidated Results: • Operating revenues were $751.4 million, compared to $854.2 million in the fourth quarter of 2017. • Unfavorable changes in foreign currency exchange rates negatively impacted revenues by $4.3 million. • Same store, day adjusted operating revenues declined 8.6% year-over-year. Further adjusting for day trades as compared to the year-ago fourth quarter (one less Sunday, one more Monday), which impacts our print advertising and circulation revenues, the decline was 7.4%, an improvement of over 70 bps from the third quarter 2018 trend. • Total digital revenues were $272.3 million, or approximately 36% of total revenue. • GAAP net loss was $14.2 million, including $56.3 million of after-tax restructuring, asset impairment charges and other costs. Click read more below for additional detail.

The issue, which goes on sale today coincides with the start of London Fashion Week, will feature three different covers featuring 19-year-old trailblazing hijab-wearing model Halima Aden, 73-year-old American model and actress, Lauren Hutton and 30-year-old supermodel Hilary Rhoda. Readers can also look forward to exclusive interviews with the three cover stars, a review of the hottest trends coming out of New York fashion Week and an exclusive chat with designer to the stars Roland Mouret, as well as all of Grazia’s regular news and views. The 252 page perfect-bound glossy magazine has attracted new advertisers including online fashion brand Three Floor and Calvin Klein Watches. Click Read More below for more of the story.