Target is now admitting its security software may have officially "detected" its massive data breach. Thomas Stemberg, Staples co-founder and former CEO, provides insight on the impact of Dodd-Frank on retailers.» Read More
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.
*Target and Lowe's rally after results. 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.
Stocks eked out small gains in volatile trading Wednesday, with the Nasdaq briefly hitting a 14-year high.
*Target and Lowe's rally after results. Shares of retailers Target Corp and Lowe's Cos Inc rose, giving the S&P 500 its biggest boosts.
WASHINGTON, Feb 26- American consumers are wide open to some of the most sophisticated scam artists ever as vast troves of their personal information are collected by data brokers and sometimes sold with no questions asked, according to the Federal Trade Commission's consumer protection chief.
*Ruble hits five-year low on Ukraine fallout. NEW YORK, Feb 26- World stocks markets edged lower on Wednesday, stung by growing worries over some emerging markets grew as escalating tensions in the Ukraine sent the Russian ruble to a five-year low, while equities on Wall Street rose.
NEW YORK/ BOSTON, Feb 26- Target Corp shares made strong gains after it reassured investors that customers were beginning to return to its U.S. stores, suggesting that the impact of a massive data breach may not be as severe as some had feared.
Many traders set up to be short stocks and Treasuries this year. Retail stocks seeing short covering today.
*Ruble hits five-year low on Ukraine fallout. NEW YORK, Feb 26- World stocks markets were flat on Wednesday as worries about some emerging markets grew as the Russian ruble hit a five-year low as tensions escalated in Ukraine, while equities on Wall Street rose.
There has been a lot of pain because many traders had been set up to be short stocks and Treasurys this year. That trade has not worked out.
A cybersecurity firm said it uncovered stolen credentials from some 360 million accounts that are available for sale on cyber black markets.
*Target and Lowe's rally after results. NEW YORK, Feb 26- U.S. stocks were mostly flat on Wednesday as, for a third straight session, equities were unable to hold onto gains that took the S&P 500 near record levels.
*S&P 500 has been unable to close at a record this week. NEW YORK, Feb 26- U.S. stock index futures pointed to a slightly higher open on Wall Street Wednesday, indicating the S&P 500 would again make a run at record levels that have been serving as resistance.
Target's profit almost halved in the holiday quarter as it dealt with the fallout of a data breach and warned that it could hurt future profits.