Target CIO Beth Jacob is resigning as the retailer overhauls its information security and compliance division in the wake of a massive data breach.» Read More
Close your books and pick up your pencils. It’s time to see if you’ve got what it takes to make it as a trader. In this feature, Dylan poses a scenario and biz students must quickly come up with smart trades. This week they’re from Penn State, University of Illinois, Ohio State, and Washington University. Could you pass today's test?
Good morning all. We have some info for you. The first Million Dollar Finals leader is Donald Tang who gained $73K on Mindray Medical. He's closely followed by Serge Amelyan with the same Mindray Medical trade. However, Serge used his remaining cash to buy 2 shares of CMGI at $2.44, which fell -2.46% Tuesday-- resulting in the $0.12 difference between him and Donald, and costing him the tie for first.
TJX posted a drop in quarterly profit due to a $12 million charge related to a recent security breach of the retailer's computer system.
The slump in retail is actually a good thing for investors, Cramer says. Plus, a sleeper stock worth watching and more.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
April showers bring May flowers, and, for retailers the analogy is apt: April sales were extremely dreary, but conditions are looking up for May and June.
Cramer's got two more names to add to the list of companies he thinks are ripe for a takeover by private equity.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Banks have been saddled with costs to replace cards and cover fraudulent charges tied to the theft from TJX, the owner of nearly 2,500 discount stores including T.J. Maxx and Marshalls.
At least 45.7 million credit and debit card numbers of TJX. customers were stolen from the discount retailer's computer system over several years, according to a regulatory filing by the company Wednesday.
Stocks closed mixed after the January consumer inflation report and higher commodity prices weighed on the broader market. "I think the stock market was more adversely affected than the long end of the interest rate market, but stocks have had such a nice run, I think people just used the Consumer Price Index as an excuse to take some money off of the table," Lou Brien, strategist at DRW Trading Group, told CNBC.com.
The discount store operator said fiscal fourth-quarter net income fell 29%, weighed by a charge from closing A.J. Wright Stores.
TJX, which owns clothing discounters T.J. Maxx and Marshalls, said on Friday that it authorized a new program to repurchase up to $1 billion of its common stock.
Struggling home decor retailer Pier 1 Imports on Tuesday said Alex Smith, who was most recently senior executive vice president with TJX , would become chief executive.
TJX, which operates the T.J. Maxx and Marshalls chains, said that the computer systems that process its customer transactions had been breached and customer information had been stolen.
Which retail stocks should investors keep an eye out for in ’07? Robert Buchanan, retail analyst for A.G. Edwards, and Dana Telsey, retail analyst and chief research officer for Telsey Advisory Group, were on “Morning Call” to give their picks. Buchanan has a buy on J. C. Penney . He says a slowing has already occurred and the company is poised for growth in the new year. Buchanan especially likes the management at Penney.