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Stock Market & Financial Investment News

News Breaks
April 29, 2014
08:01 EDTTGTTarget appoints Bob DeRodes as Chief Information Officer
Effective May 5, Bob DeRodes will lead Targetís information technology transformation as executive vice president and chief information officer. In his role, DeRodes will assume oversight of the Target technology team and operations, with responsibility for the ongoing data security enhancement efforts as well as the development of Targetís long-term information technology and digital roadmap. The company is continuing its active search for a chief information security officer and a chief compliance officer. DeRodes comes to Target with more than 40 years of experience and is a recognized leader in information technology, data security, and business operations. He has been a senior information technology advisor for the Center for CIO Leadership, the U.S. Department of Homeland Security, the U.S. Secretary of Defense, and the U.S. Department of Justice. In addition, DeRodes has provided independent advisory services to corporations, private equity firms, and boards. DeRodes has also held top technology positions at a number of industry-leading, multinational companies including CitiBank, USAA Federal Savings Bank, First Data, Home Depot and Delta Air Lines. He also serves on the board of directors for NCR Corporation.
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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 Macyís (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link

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