Target customers are having a difficult time trusting the company after the credit card hack. According to the large retail chain, sales from its most recent quarter increased to $17.4 billion or 1.7 percent. However, it saw its net profit drop 62 percent to $234 million. The company said the credit card breach cost the […]
In a settlement with the justice department, Bank of America is predicted to pay around $17 billion for its part in the financial crisis. The agreement is expected to be announced on Thursday. The U.S. Department of Justice accused the company of putting together shoddy mortgages into securities, selling them to investors during the financial […]
A “Dollar” store war is on – Dollar General DG has entered a bid to purchase Family Dollar. The company offered Family Dollar Stores FDO $9.7 billion or $78.50 per share, which surpasses the $8.5 billion offer made by Dollar Tree DLTR in July. Dollar Tree said it would pay shareholder $59.60 in cash and […]
Pack your bags and get the kids in the car. It’s time to take your late summer vacation! Drivers are seeing some relief at the pump. At the start of August, gas prices are lower than they have been in four years. Gasbuddy.com, which tracks gas prices around the nation, said the national average price […]
The website General Motors has provided to the public about their vehicle recalls – that includes the deadly ignition switch problem – has provided false information. That’s according to information from the National Highway Traffic Safety Administration. When customers entered in their vehicle’s identification number to learn if their car was a part of the […]
Hyundai Motor Co. has issued a recall of nearly 883,000 Sonata mid-sized sedans sold in the United States as well as Puerto Rico due to a possible faulty transmission-shift cable that can lead to a crash. The company’s recall affects certain 2011-2014 Sonata vehicles where the transmission-shift cable could possibly come apart from the shift-lever […]
A new kind of malware, known as Backoff, is hitting restaurants, retailers and other businesses, and its attacking the remote-desktop applications utilized by point-of-sale systems to get customer information, which includes credit card information. Both the U.S. Secret Service and the Department of Homeland Security released inforamtion about the malware, saying it’s so new that […]
Verizon Wireless, the U.S. largest wireless carrier, is set to launch a nationwide loyalty program for its 100-million-plus subscribers. But, it’s got a twist. If people want to earn points for every dollar they spend, Verizon will need their subscribers’ consent to track their movements to better target ads that match their customers’ interest. Verizon […]
Both KFC and McDonald’s restaurants in China have quit using meat that comes from a Shanghai company upon media reports that the supplier allegedly uses expired chicken and beef, which triggered local food safety officials to begin an investigation. The program aired Sunday on Shanghai-based Dragon TV, which showed secret camera footage of meat-processing facility […]
Hold steady chocolate lovers! You’re about to see a price hike in your candy and other foods. The number one U.S. candy producer Hershey Co. is raising its chocolate prices in response to a rising price cocoa market that’s starting to hit the company’s profits. It’s the first increase in three years. The company said […]