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Stock Market & Financial Investment News

News Breaks
February 5, 2014
05:32 EDTTGTTarget says data breach continued when it thought it ended, WSJ reports
Target's data breach over the holiday shopping season didn't end when the company thought it had, reports the Wall Street Journal. In testimony to the Senate Judiciary Committee, Target CEO John Mulligan said the company learned software on another 25 checkout machines continued to steal payment card data three days after December 15, the date by which the company said the malware had been removed from its system. 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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