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Stock Market & Financial Investment News

News Breaks
February 4, 2014
12:51 EDTTGTTarget to invest $100M in chip-enabled REDcards
Target CFO John Mulligan, in testimony before the Senate Committee on the Judiciary in Washington, D.C., announced that the company will be accelerating its implementation of smart card technology designed to reduce the threat of credit and debit card fraud among guests shopping in its stores. During his testimony, Mulligan said Target will equip its proprietary REDcards and all of its store card readers in the U.S. with chip-enabled smart-card technology by 1Q15, more than six months ahead of previous plans. The accelerated timing is part of a $100M effort to put in place chip-enabled technology in all of Target’s nearly 1,800 U.S. stores.
News For TGT From The Last 14 Days
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October 21, 2014
06:22 EDTTGTStaples may be latest retailer to be hacked, Krebs reports
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October 13, 2014
07:15 EDTTGTNational Association of Corporate Directors to hold a conference
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October 9, 2014
09:41 EDTTGTBofA/Merrill retail analysts hold an analyst/industry conference call
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08:01 EDTTGTTarget CEO hands-on with Canadian turnaround, Globe and Mail says
Brian Cornell, the new CEO of Target, told The Globe and Mail in an interview that he is taking a hands-on approach to repairing the company’s Canadian business and that he will travel north on a “regular” basis to oversee the turnaround. Reference Link

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