Check out which companies are making headlines after the bell Tuesday: Smith & Wesson, TiVo, Bob Evans & more.» Read More
March 3- U.S. retailer Target Corp, which has been battling back after a massive data breach and sluggish performance, on Tuesday said it will eliminate several thousand jobs, mainly from headquarters locations in the United States and India, as it aims to cut $2 billion in costs over two years. Target said the job cuts would primarily come from corporate locations...
March 3- U.S. retailer Target Corp on Tuesday said it planned to cut several thousand jobs, mainly from headquarters locations, as part of a restructuring that will cut $2 billion in costs over two years. The company said it expected adjusted earnings per share, which excludes data breach costs and other expenses, of between $4.45 and $4.65 for the full year to...
NEW YORK— Target Corp. is cutting several thousand jobs as part of a plan to eliminate $2 billion in costs over the next two years. Target also plans to invest between $2 billion and $2.2 billion in capital expenditures for the current fiscal year. We have to create a more innovative culture, " Brian Cornell, Target's CEO told analysts Tuesday at a meeting in New York...
New technology by credit card companies will address only a narrow range of security issues.
California apartment complexes that doubled as "maternity hotels" for Chinese women who want made-in-America babies were raided early Tuesday.
Some of the names on the move ahead of the open.
Target has zeroed in on seven grocery categories to attract younger shoppers, urban dwellers, and Hispanics, reported the Wall Street Journal, citing sources.
March 2- Target Corp has zeroed in on seven grocery categories, including granola, yogurt and craft beer, to attract younger shoppers, urban dwellers, and Hispanics, the Wall Street Journal reported, citing people familiar with the matter. The changes would mean less shelf space for packaged food companies like Campbell Soup Co, General Mills Inc and Kraft Foods...
Stocks could stay on cruise control, with auto sales as a potential catalyst, as traders watch for another new high in the Nasdaq.
March 2- Warehouse club retailer Costco Wholesale Corp said on Monday it had tied up with Citigroup Inc and Visa Inc to issue co-branded credit cards in the United States and Puerto Rico. Citigroup will exclusively issue the co-brand cards and Visa would provide the payment network, replacing American Express Co, from April 1, 2016, Costco said.
Jim Cramer was happy to take a breather on Friday, as he thinks this will create plenty of excitement next week.
WASHINGTON, Feb 27- The White House released draft legislation on Friday that would give consumers more control over how the trail of data they leave behind them on the internet is used, stored and sold. President Barack Obama has made cybersecurity a major focus in the wake of high-profile hacks at companies such as Sony Pictures Anthem Inc and Target Corp..
CNBC Pro highlights the five best strategy notes that came across our desk on the week.
CNBC's Jim Cramer said Friday J.C. Penney's management should start taking responsibility for recent mishaps.
Investors should start shedding some rallying stocks as U.S. markets linger near highs, CNBC's "Fast Money" traders said.
Feb 26- Department store operator Kohl's Corp forecast full-year revenue above analysts' expectations and reported higher-than-expected quarterly profit and sales, helped by demand for apparel and accessories in the holiday shopping season. Shares of Kohl's, which also said it would buy back $1 billion of shares this fiscal year, rose 3 percent to an over...
Oliver Chen, Retail Analyst, Cowen Group, discusses improvement in the retail sector and whether there's really reason for optimism.
The company, which owns the Sears and Kmart chains, said net loss attributable to shareholders was $159 million, or $1.50 a share, in the quarter ended Jan. 31, against a loss of $358 million, or $3.37 a share, a year earlier. Once the largest U.S. retailer by revenue, Sears has seen sales drop due to stiff competition from Target Corp, Wal-Mart Stores Inc and Home Depot Inc..
Retail: good or bad news?
Target made several bets that paid off in the fourth quarter, CFO John Mulligan said.