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Stock Market & Financial Investment News

News Breaks
February 26, 2014
10:46 EDTTGTTarget says sales have started to recover from trends observed following breach
Says will continue to see continued improvement across all Canadian stores in FY14. Says "truly sorry" for impact breach has had on guests and says it is committed to making things right. Says committed to an end to end review in cooperation with third-party experts to understand how the breach occurred. Says conducting end to end forensic investigation to make informed decisions on potential security enhancements, accelerating the adoption of advanced chip enabled technology and investing more than $100M to equip stores stores and to issue Target branded smart chip credit and debit card. Says investing $5M in a new coalition with the BBB, National Cyber Security Alliance, National Cyber Forensics and Training Alliance. The company said sales have started to recover from the trends observed following breach related announcements in December and January. The company expects to absorb near term financial impacts. Plans to open Target Express in home market in July. Expects the benefit of expense optimization efforts to reach $1B in annualized savings by FY15. Comments made during the company's Q4 earnings conference call.
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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
July 13, 2014
15:54 EDTTGTGameStop, TJX, Staples, three other retailers look cheap, Barron's says
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