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3 Analysts Weigh In On Target's Pre-Announcement
Wednesday, August 6, 2014 - 3:26pm | 741As one of the first acts as chief executive officer of Target (NYSE: TGT), Brian Cornell pre-announced on Tuesday the company's second quarter results. Target stated that its expenses in the second quarter related to the December 2013 data breach will gross $148 million which will...
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Market Wrap For June 16: M&A Frenzy Keep Indices In Positive Territory
Monday, June 16, 2014 - 4:33pm | 1781U.S. stocks closed the day slightly higher as a mergers and acquisition heavy trading session eased fears over escalating violence in Iraq. The New York Federal Reserve's Empire State index for June showed that business conditions in June rose from May. In fact, June's reading proved...
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Target CIO First Executive To Leave Following Massive Data Breach
Wednesday, March 5, 2014 - 4:06pm | 395Target (NYSE: TGT) on Wednesday confirmed that its Chief Information Officer Beth Jacob is resigning. The company said that Jacob's departure was her decision, but investors and followers of the data breach story may think otherwise. Target revealed right before Christmas that it has been victim...
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Major Data Breach Reported At Several Hotel Chains
Monday, February 3, 2014 - 2:48pm | 542There's word of another major corporate security breach – this one involving several high-profile hotel chains. According to Brian Krebs, an independent computer security reseacher and former Washington Post reporter, a company that maintains hotel franchises in several national brands –...
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Can't Catch a Break: Sony Shuts Down Websites After Another Data Breach
Wednesday, May 25, 2011 - 6:39am | 313Already reeling from hacking attacks on its online PlayStation network, Sony Corporation (NYSE: SNE) shut down more Internet services in Canada, Indonesia and Thailand Wednesday after another data breach. According to a Bloomberg report, "Intruders stole the names and e-mail addresses of about 2,...