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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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July 31, 2014
17:06 EDTTGTOn The Fly: Closing Wrap
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12:58 EDTTGTAnalysts applaud Target CEO selection
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10:02 EDTTGTOn The Fly: Analyst Upgrade Summary
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08:49 EDTTGTTarget upgraded to Market Perform from Underperform at Cowen
08:25 EDTTGTTarget hiring of Cornell a good choice, says Janney Capital
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07:02 EDTTGTTarget names Brian Cornell as chairman and CEO, effective August 12
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07:01 EDTTGTTarget names Brian Cornell as chairman and CEO
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06:01 EDTTGTTarget to name PepsiCo's Brian Cornell as new CEO, WSJ reports
Target (TGT) is reportedly set to name Brian Cornell, an executive at PepsiCo (PEP), to become its new CEO, the Wall Street Journal reports. Cornell, who would be Target's first outside CEO pick, most recently ran PepsiCo's Americas Foods business. Reference Link
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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