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Costco’s weak quarter, HP slashing jobs, BP getting new CEO

Here's a look at some of the companies the Yahoo Finance team will be watching for you

Sales at Costco (COST) were up last quarter, but the rising cost of tariffs is taking a toll on the retailer. In-store sales were up 5% while online sales jumped 22%. The company's CFO said on the earnings call that Costco is trying to speed up certain shipments to avoid new tariffs.

HP (HPQ) plans to cut 16% of the company's workforce. The personal computer and printer maker says it expects to drop 7,000 to 9,000 people from its global workforce of about 55,000 by 2020. HP expects the moves to save it about $1 billion by the end of its 2022 fiscal year.

The CEO of oil giant BP (BP) is retiring. Bob Dudley will step down in February. He'll be replaced by Bernard Looney, the chief executive of BP’s upstream operations. Dudley navigated the company through the Deepwater Horizon crisis shortly after taking BP's top office in 2010. The energy giant reached a $20 billion settlement with the U-S government -- requiring BP to make payments through 2032.

MGM Resorts (MGM) will pay $800 million to victims of the Las Vegas mass shooting. The agreement means all parties will dismiss any pending litigation against the company. 58 people were killed and hundreds more were wounded when a gunman opened fired at the resort in October 2017 in what is the worst mass shooting in modern American history.

Apple (AAPL) has reportedly told suppliers to boost production of the iPhone 11 by 10% because of strong demand. That’s according to Japan’s Nikkei Asian Review. It says increased production would add between 7 and 8 million units. One source tells the site, demand is “much busier than we expected.”