Data breach costs seen crimping Target’s firepower for buybacks
NEW YORK (Reuters) – Several analysts expect Target Corp to slash its share buybacks as the third-largest U.S. retailer copes with costs tied to the massive data breach that affected millions of customers.
‘Pony’ botnet steals bitcoins, digital currencies: Trustwave
BOSTON (Reuters) – Cyber criminals have infected hundreds of thousands of computers with a virus called “Pony” to steal bitcoins and other digital currencies, in the most ambitious cyber attack on virtual money uncovered so far, according to security f…
Sprint CEO Hesse’s compensation rises four-fold
(Reuters) – Sprint Corp paid Chief Executive Daniel Hesse $49.1 million in 2013, a more than four-fold increase from 2012, largely due to a jump in stock and options.
Icahn, eBay trade accusations as fight escalates
NEW YORK (Reuters) – Billionaire investor Carl Icahn accused eBay Inc Chief Executive John Donahoe of failing to spot – or ignoring – conflicts of interest on the company’s board and called again for the spinoff of its fast-growing PayPal payments busi…
UK’s Dixons, Carphone Warehouse in merger talks
LONDON (Reuters) – Britain’s Dixons Retail and Carphone Warehouse are in merger talks that could create an electrical goods and mobile-phone group with a market capitalization of more than 3.4 billion pounds ($5.84 billion).
Don’t bet the farm; keep investments simple, diversified: Buffett
NEW YORK (Reuters) – Berkshire Hathaway chairman Warren Buffett, known for his folksy straightforward communication style, turned to farming to recommend his winning strategy for investors to follow.
Nissan recalls 16,838 trucks in North America for electrical issue
DETROIT (Reuters) – Nissan Motor Co is recalling 16,838 Frontier pickup trucks in North America to address an electrical issue that could cause a fire, according to documents filed with U.S. safety regulators.
Services growth slows in February: Markit
NEW YORK (Reuters) – Growth in the services sector as well as the pace of hiring slowed in February, an industry report showed on Monday, the latest data to suggest an unusually cold winter is dragging on economic activity.
Exclusive: Small miners set to dust off drill rigs in 2014 – Reuters survey
TORONTO (Reuters) – A large majority of the small Canadian-listed mining companies that help drive global mineral exploration expect to drill this year after a grim period of hibernation for many cash-strapped explorers, according to a Reuters survey.
KKR founders made more than $160 million each in 2013
(Reuters) – KKR & Co LP’s founders Henry Kravis and George Roberts received $161.4 million and $165.5 million respectively in cash dividends and executive pay in 2013, over 17 percent more than they got in 2012, a regulatory filing showed on Monday.
