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Target Corp

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  • CHICAGO, May 22- Wal-Mart Stores Inc is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take such a public stand against the excessive use of drugs in raising farm animals. Wal-Mart, the country's biggest food retailer, is also telling suppliers not to raise animals in gestation crates or in...

  • NEW YORK— A $19 million deal between Target and MasterCard to settle lawsuits stemming from the retailer's massive pre-Christmas 2013 data breach has been scrapped, because it failed to get enough support from the affected banks and credit unions. MasterCard Inc. would only say Friday that not enough issuers approved the deal. Minneapolis- based Target...

  • May 22- A proposed $19 million settlement between MasterCard Inc and Target Corp over the retailer's 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The lead lawyers for the banks had argued that the settlement with MasterCard, which was not a party to the lawsuit, was an attempt to undercut their...

  • May 22- Packaged foods maker Campbell Soup Co reported a better-than-expected quarterly profit, helped by lower promotions, higher selling prices and cost cuts. Shares of the company, known for its soups, Pepperidge Farm cookies and Goldfish crackers, rose 1.5 percent in premarket trading on Friday. The company said margins grew in its global baking and...

  • May 22- Packaged foods maker Campbell Soup Co reported lower-than-expected quarterly sales, hurt by a strong dollar and "movements in retailer inventory levels" in its U.S. soups business. Retailer Target Corp informed packaged food makers, including Campbell, that it would spend less on promoting some of their products and instead promote fresher items, the...

  • May 22- Packaged foods maker Campbell Soup Co reported lower-than-expected quarterly sales and profit, hurt by a strong dollar and "movements in retailer inventory levels" in its U.S. soups business. Retailer Target Corp informed packaged food makers, including Campbell, that it would spend less on promoting some of their products and instead promote fresher...

  • NEW YORK, May 21- Small U.S. food manufacturers once toiled for decades to develop a critical mass of fans for their products. More mass-market retailers want niche brands that shoppers view as healthier to drive traffic in stores, particularly as they face rising competition from natural food and specialty chains like Whole Foods Market Inc..

  • Target's CFO talks groceries and online experience Wednesday, 20 May 2015 | 2:58 PM ET
    Shoppers at a Target store in Mentor, Ohio.

    Target is experimenting with groceries in order to implement changes in 2016.

  • WASHINGTON— If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. At $2.71 a gallon, the average price of gas nationwide is nearly $1 lower than it was a year ago. Consider what Federal Reserve Chair Janet Yellen said in December: Lower gas prices, Yellen declared, are "certainly good for...

  • Target hits the bulls eye, refining food   Wednesday, 20 May 2015 | 12:15 PM ET
    Target hits the bulls eye, refining food

    Discussing sales in home and apparel versus grocery, and the online shopping experience, with Target CFO John Mulligan.

  • Here's how Pinterest wants to 'pin' advertisers Wednesday, 20 May 2015 | 9:52 AM ET
    Pinterest screen on a mobile phone

    Fresh off its latest $11 billion valuation, Pinterest is unveiling more advertising options to attract marketer dollars.

  • Target hits the bullseye with Q1 earnings   Wednesday, 20 May 2015 | 9:30 AM ET
    Target hits the bullseye with Q1 earnings

    Target beats earnings estimates after quitting Canada and revamping its product lineup.

  • May 20- Target Corp on Wednesday reported a larger-than-expected increase in first-quarter profit as revenues got a boost from online sales and a program to narrow its product focus. Adjusted earnings, excluding restructuring costs and other items, came to $1.10 per share in the three months ended May 2, against a profit of 92 cents in the same period a year...

  • Wall Street gears up for Fed minutes; dollar gains eyed Wednesday, 20 May 2015 | 8:29 AM ET
    A trader works on the floor of the NYSE as Fed Chair Janet Yellen speaks on television during a June news conference.

    U.S. stock index futures indicated a flat to higher open for Wall Street shares Wednesday ahead of the release of Fed minutes.

  • Target beats Street 1Q forecasts Wednesday, 20 May 2015 | 8:15 AM ET

    MINNEAPOLIS _ Target Corp. on Wednesday reported fiscal first-quarter profit of $635 million. Ten analysts surveyed by Zacks expected $17.08 billion. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.12.

  • Target Q1 profit beats estimates on healthy sales growth Wednesday, 20 May 2015 | 8:10 AM ET

    May 20- Target Corp on Wednesday reported a larger-than-expected increase in first-quarter profit on healthy revenue growth and raised the low end of its full-year earnings forecast range. Adjusted earnings per share, excluding restructuring costs and other items, came to $1.10 in the three months ended May 2, against a profit of 92 cents in the same period a...

  • Target beating Wal-Mart in race for turnaround Wednesday, 20 May 2015 | 8:02 AM ET

    NEW YORK— Target is beating Wal-Mart in the race to beef up sales. That's in contrast with rival Wal-Mart, which missed Wall Street estimates with its earnings report a day earlier. Both saw their third straight quarters of increases for a key sales measurement, but Target's pace was roughly double that of Wal-Mart.

  • Target earnings, revenue beat; raises guidance Wednesday, 20 May 2015 | 8:00 AM ET
    A Target store is seen in Miami, Florida.

    Target delivered quarterly earnings and revenue that topped analysts' expectations on Wednesday.

  • Forget Fed minutes, markets are focused on this Tuesday, 19 May 2015 | 6:24 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Minutes from the Fed's last meeting should sound dovish when they are released Wednesday, but markets are already looking ahead to a speech Friday from Janet Yellen.

  • Wal-Mart's woes: 5 ways it's trying to fix them Tuesday, 19 May 2015 | 2:16 PM ET
    Customers shop at a Walmart Neighborhood Market store on August 15, 2013 in Chicago.

    The world's largest retailer on Tuesday disappointed on both the top and bottom lines, but it wasn't all bad news.