Some of the names on the move ahead of the open.» Read More
March 10- Target Corp has been sued by Swatch Group SA, which accused the second-largest U.S. discount retailer of illegally selling watches that copy its own. In a lawsuit made public on Monday in U.S. District Court in Manhattan, Swatch, which is known for its plastic namesake watches, accused Target of infringing its designs for "zebra" and "multi-color" watches.
Charles Koppelman, former Chairman and CEO of Martha Stewart Living Omnimedia, explains why he thinks Target's security breach will not spread throughout other retailers.
Attorney General Eric Holder has joined the call for a nationwide notification standard, but divisions persist, making a consensus questionable.
More investors are jumping on the cybersecurity bandwagon, driven by the growth in online theft. Stay tuned for a doubling of valuations this year.
March 7- Visa Inc and MasterCard Inc said they had launched a cross-industry group to improve security for card transactions and press U.S. retailers and banks to meet a 2015 deadline to adopt technology that would make it safer to pay with plastic.
Not only are Target's sales taking a hit in the aftermath of its data breach: fewer people are going there in the first place.
Credit card companies MasterCard and Visa said they had formed a new cross-industry group to enhance payment system security across networks.
March 7- Credit card companies MasterCard Inc and Visa Inc said they had formed a new cross-industry group to enhance payment system security across networks.
David DeWalt, FireEye CEO, explains how his company is protecting businesses from cyberattacks, and discusses the acquisition of Mandiant. Right now we are focused on high-end growth and market share, says DeWalt.
*Sales rise 6 pct to $25.76 bln, misses est $26.65 bln. March 6- Warehouse retailer Costco Wholesale Corp reported a bigger-than-expected 15 percent fall in quarterly profit as unusually deep discounting in the holiday shopping season hurt margins, sending its shares down as much as 3.6 percent.
As shoppers continue to shift their spending to the Web, traditional retailers are missing out on the impulse buy.
Costco Wholesale's profit fell 15 percent, missing estimates, hurt by weaker gross margins in its fresh-food business and some non-foods merchandises.
March 6- Warehouse retailer Costco Wholesale Corp reported a bigger-than-expected 15 percent fall in profit as unusually deep discounting in the holiday shopping season hurt margins, sending its shares down about 3 percent in premarket trading.
Stocks were near flat Wednesday after the private sector added fewer-than-forecast jobs last month.
*Target to look externally for replacement, CEO says. March 5- Target Corp announced an overhaul of its information security practices and the resignation of its chief information officer as the retailer tries to reassure customers and investors after a massive data breach late last year.
Some of Wednesday's midday movers:
NEW YORK, March 5- Target Corp said Chief Information Officer Beth Jacob resigned and it would look externally for an interim CIO as the retailer plans an overhaul of its information security practices in the wake of a massive data breach late last year.
Target CIO Beth Jacob is resigning as the retailer overhauls its information security and compliance division in the wake of a massive data breach.
The "Squawk on the Street" news team reports Target's CIO Beth Jacobs as resigned in the wake of its data breach.
IT disasters like cyberattacks and telecommunications outages are global business mangers’ greatest concerns, said a survey published on Wednesday.