Punished by data breach, profit at Target declines 46 percent
The widespread theft of Target customer data had a significant impact on the company’s profit, which fell more than 40 percent in the fourth quarter, the retailer reported Wednesday.
Wal-Mart names chief of international unit as new CEO
As Wal-Mart enters a fiercely competitive holiday season while still hampered by sluggish sales, the company’s board announced Monday that Michael T. Duke, its chief executive, would retire early next year and a longtime executive, C. Douglas McMillon, would replace him. McMillon, 47, president of Wal-Mart International, will take the helm Feb. 1, just after the holiday season, the company said. He was also elected to the board effective immediately and Duke will help with the transition.
Few women take top positions in New York governor’s campaign
NEW YORK — Carl Paladino has recruited his wife to hit the campaign trail and has put his daughter in a new commercial urging voters to “get to know my dad.” At the same time, Andrew Cuomo has rolled out an advertisement touching on abortion and has ferried his daughters across New York state in an RV on a political tour.
Unrepentant, Paladino calls gay parades ‘disgusting’
NEW YORK — Despite an uproar over his remarks about gays Sunday, Carl P. Paladino appeared on national television Monday and expressed revulsion at gay pride parades.