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Stock Market & Financial Investment News

News Breaks
March 5, 2014
10:01 EDTTGTTarget Chief Information Officer Beth Jacob resigns, AP reports
Beth Jacob, Target's Chief Information Officer, is resigning, effective today, according to a statement from Target Chairman and CEO Gregg Steinhafel to the Associated Press. The company is currently searching for an interim CIO, "who can help guide the company through the transformation". The retailer is also planning to look outside the company for a chief information security officer and a chief compliance officer. In addition, Target is working with Promontory Financial Group to help it evaluate its technology, structure, processes and talent. 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
July 13, 2014
15:54 EDTTGTGameStop, TJX, Staples, three other retailers look cheap, Barron's says
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