More investors are jumping on the cybersecurity bandwagon, driven by the growth in online theft. Stay tuned for a doubling of valuations this year.» Read More
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.
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.
*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.
Shoppers are visiting fewer stores than they did in the past, increasing the importance of building a loyal customer base.
Sears said it has launched an investigation to determine whether it was the victim of a security breach.
BOSTON, Feb 28- Sears Holdings Corp said Friday it has launched an investigation to determine whether it was the victim of a security breach, following Target Corp's revelation at the end of last year that it had suffered an unprecedented cyber attack.
Just because a stock is broken doesn’t mean a company is broken. Of course sometimes it does.
TORONTO, Feb 27- Toronto-Dominion Bank and Canadian Imperial Bank of Commerce both posted better-than-expected quarterly profits and raised their dividends on Thursday, benefiting from recent acquisitions and strong wholesale banking income.
CFO confidence takes a dip in the quarterly CNBC Global CFO Council poll. Cold weather and concerns over the minimum wage give CFOs the winter blues.
*Target and Lowe's rally after results. *J.C. Penney shares jump after the bell. Target Corp and Lowe's Cos Inc shares jumped following upbeat earnings and gave the biggest boosts to the S&P 500. An S&P 500 retail index gained more than 1 percent for a second day.