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Stock Market & Financial Investment News

News Breaks
August 20, 2014
08:03 EDTTGTTarget cuts FY14 adjusted EPS view to $3.10-$3.30 from $3.60-$3.90
Consensus is $3.49. Full-year 2014 GAAP EPS is expected to be (48) cents below Adjusted EPS, reflecting: Year-to-date net pre-tax data breach expenses of $129 million, or (13) cents per share; Pre-tax early debt retirement losses, recognized in interest expense, of $285 million, or (27) cents per share; Pre-tax impairment losses on undeveloped U.S. land of $16 million, or (1) cent per share; Pre-tax expense of $13 million, or (1) cent per share, related to Target’s decision to convert existing co-branded cards to MasterCard in early 2015, and; A (6)-cent impact related to the expected reduction of the beneficial interest asset.
News For TGT From The Last 14 Days
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October 21, 2014
06:22 EDTTGTStaples may be latest retailer to be hacked, Krebs reports
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October 13, 2014
07:15 EDTTGTNational Association of Corporate Directors to hold a conference
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October 9, 2014
09:41 EDTTGTBofA/Merrill retail analysts hold an analyst/industry conference call
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08:01 EDTTGTTarget CEO hands-on with Canadian turnaround, Globe and Mail says
Brian Cornell, the new CEO of Target, told The Globe and Mail in an interview that he is taking a hands-on approach to repairing the company’s Canadian business and that he will travel north on a “regular” basis to oversee the turnaround. Reference Link

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