PriceSmart News

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Originally published December 14, 2009 at 10:52 a.m., updated December 14, 2009 at 11:23 a.m. San Diegan Sol Price, founder of Price Club which eventually became the global retail juggernaut Price Club, has died at age 93.

Joeten Enterprises has operated Price Costco under a sub-license from Pricesmart Inc.

PriceSmart, the food and home ware wholesaling club, has advised National Commercial Bank Jamaica Limited that use of its Keycard, the only local credit card, will be discontinued as of January 2, 2010.

Ralcorp Holdings Inc. said Tuesday its fiscal fourth-quarter profit nearly doubled on higher sales and a boost from its acquisition of Post Foods.

China Automotive Systems Inc., which makes power steering components, said Thursday that third-quarter profit rose sharply on a boost in sales of components for passenger vehicles.

Bearings and specialty steels maker Timken Co. has announced plans to bring a new distribution center to South Carolina, adding 100 new jobs.

Heart device maker Thoratec Corp. said Wednesday that its third-quarter profit almost doubled on strong growth in its cardiovascular division.

Community bank Heartland Financial USA Inc. said Monday that higher loan losses narrowed its profit in the third quarter.

6, from AP Financial News: Top stories: WASHINGTON - Freddie Mac says its losses narrowed to $6.3 billion in the third quarter and the company didn't need a federal cash infusion.

PriceSmart Inc., which runs warehouse-shopping clubs, said Friday its fourth-quarter profit declined 9 percent as an increase in operating expenses hurt its bottom line.

A new survey by Bankrate finds that 92 percent of Americans still believe that buying a house is a good investment.

Based on the aggregated intelligence of 135,000-plus investors participating in Motley Fool CAPS , the Fool's free investing community, PriceSmart , which operates warehouse-shopping clubs in Central America and the Caribbean, has earned a coveted five-star ranking .

Making Friday's headlines was Philip Morris International , which will acquire Protabaco , a Colombian cigarette producer.

Investors were eager to waive goodbye to June after retailers reported soggy same-store sales on Thursday.

PriceSmart, the warehouse club of Central America and the Caribbean, posted an 18% decline in third-quarter profit on Friday.

Filed under: Earnings reports , Wal-Mart , Costco Wholesale PriceSmart , an operator of warehouse clubs in Central America and the Caribbean and headquartered in San Diego, announced results for the third quarter on Friday.

Among the companies whose shares are expected to see active trade in Friday's session are Infosys Technologies Ltd., PriceSmart Inc.

PriceSmart , which operates US-style membership warehouse clubs in Central America and the Caribbean, reported monthly sales results for June yesterday.

We may be several decades away from a time when Bernard Madoff can hurt you again, but that doesn't necessarily mean it's safe to tiptoe back into the market.