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Stock Market & Financial Investment News

News Breaks
January 6, 2014
06:41 EDTTGTGovernment under pressure to prevent more data breaches, The Hill says
In the wake of the data breach at Target (TGT), pressure on the government is growing to take action to prevent similar incidents, according to The Hill. But it's unclear if the Federal Trade Commission has the legal authority to penalize companies for failing to protect their customers' data, the website stated. Ongoing court cases could settle the issue, but many hope that Congress will take some action, The Hill added. Reference Link
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July 18, 2014
18:12 EDTTGTVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link

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