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Target Corp said up to 70 million customers were hit by the theft of data over the holiday shopping season, a far more serious breach than previously disclosed. Shares of the company, which also slashed its fourth-quarter earnings forecast, fell slightly in early trading on Friday. The third-largest U.S. retailer said in December that hackers had stolen data from up to 40 million credit and debit cards between November 27 and December 15, the... Read more...
The U.S. Federal Reserve will likely consider further reductions in the pace of bond purchases at coming meetings given the improvement in the labor market conditions, a top Fed official said on Friday. Richmond Federal Reserve President Jeffrey Lacker said although a recent pick-up in U.S. economic growth was encouraging, he expected the pace of... Read more... Read more...
By Angela Moon NEW YORK (Reuters) - U.S. stocks ended little changed on Thursday in a choppy session ahead of Friday's payrolls report, which may provide insights into whether the Federal Reserve will announce another cut in quantitative easing at its meeting this month. The S&P retail sector index slipped 0.2 percent after a number of retailers, including Bed Bath & Beyond and Family Dollar , slashed their earnings forecasts. The... Read more...