Take a look at some of Thursday's midday movers: Amazon, Herbalife, Facebook & more.» Read More
March 13- Retailer Dollar General Corp reported lower-than-expected sales for the holiday quarter on Thursday, blaming weak consumer confidence among its low-income shoppers, cold weather and aggressive competition.
The e-retailer had commissioned a forensic audit by Trustwave after Discover Card, owned by Discover Financial Services, first alerted the company last August that it was a likely point of compromise.
WASHINGTON, March 13- A Target Corp team of security experts, armed with a malware detection tool made by FireEye Inc, alerted company officials about a possible data breach on Nov. 30, but they failed to respond to the warning signs, according to a media report on Thursday.
Dollar General follows Wal-Mart Stores Inc, Target Corp, Kohl's Corp and other retailers catering to lower-income shoppers in reporting weaker-than-expected sales for what analysts have called a particularly competitive holiday season.
March 13- J.C. Penney Co Inc is about to undo the centerpiece of former Chief Executive Officer Ron Johnson's failed vision to take the retailer upmarket. The retailer wants to recapture former clients and go head to head with rivals like Target Corp and Kohl's Corp..
March 12- Empire Co Ltd, the operator of Canadian grocery chain Sobeys, reported a steep fall in quarterly profit, hurt by higher inventory losses and higher costs due to a weaker Canadian dollar. Net earnings fell to C $40,000, or nil Canadian cents per share, in the third quarter, ended Feb 1, from C $74.1 million, or C $1.09 per share, a year earlier.
CNBC's Bob Pisani reports on declining shopper traffic at Target and weak sales at Express.
Some of the names on the move ahead of the open.
Target has been sued by Swatch, which accused the second-largest U.S. discount retailer of illegally selling watches that copy its own.
What's behind investor activist Carl Icahn's battle with Marc Andreessen, the entrepreneur turned technology investor.
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.
A "dark web" industry that services cybercriminals helped fueled the attacks that led to Target's massive data breach, McAfee Labs told CNBC.
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.