Category: Business News

Major Department Store Hack Went Unnoticed for Five Months

Major Department Store Hack Went Unnoticed for Five Months

Hackers penetrated the internal computer systems of the retailer Neiman Marcus to steal customer credit card information five months before the company learned of the breach, The New York Times revealed Thursday. The company...

JC Penney Is Laying Off 2,000 Workers

JC Penney Is Laying Off 2,000 Workers

The department store chain JC Penney announced Wednesday it plans to close 33 stores and lay off around 2,000 employees. In a press release , CEO Myron E. Ullman tried to put a positive...

Beats Has a Secret Weapon to Decimate Spotify, iTunes

Beats Has a Secret Weapon to Decimate Spotify, iTunes

The hype is building for Beats Music, the streaming service launching Jan. 21 from  Jimmy Iovine and Dr. Dre. The Beats co-founders have been making the case for the importance of using human curation—and not...

Citibank to Replace Debit Cards for Customers Compromised in Target Breach

Citibank to Replace Debit Cards for Customers Compromised in Target Breach

Citibank will issue new debit cards to all of its customers affected by the recent data breach at Target, the New York Times reports. The pre-Christmas breach at the retail giant allowed hackers to...

LinkedIn Is Targeting a Completely Different Kind of User

LinkedIn Is Targeting a Completely Different Kind of User

LinkedIn, long the dominant social network for exploring job opportunities, wants to become a go-to source for volunteer work as well. Today the company launched a new Volunteer Marketplace to connect nonprofits with professionals seeking...

This Is What It Looks Like When the World’s Two Most Powerful Men Get Together

This Is What It Looks Like When the World’s Two Most Powerful Men Get Together

Apple CEO Tim Cook says a deal to sell iPhones on China Mobile’s expansive network is a ‘watershed’ moment. On Friday, China Mobile, the world’s largest mobile phone company, will start selling Apple’s phones...

Deal or No Deal? Analysts Split on Groupon Buy

Deal or No Deal? Analysts Split on Groupon Buy

You know how buyer’s remorse settles in quickly after you buy a daily deal for a fitness class you’ve never taken or a cuisine you’ve never tried in an inconvenient neighborhood? Some analysts think...

Court Deals a Blow to Net Neutrality

Court Deals a Blow to Net Neutrality

A federal court on Tuesday struck down key parts of the government’s so-called “net neutrality” regulations, raising the possibility that Internet providers could give preference to traffic from one site over another. In the...

The Real Reason Google Paid $3.2 Billion For Nest

The Real Reason Google Paid $3.2 Billion For Nest

Google’s ambitions are almost limitless, as it has proven time and again over the years. The company has pushed far beyond its roots in web search into smartphones, self-driving cars and robots. Even more...

JP Morgan Sees Profits Drop as Legal Costs Take Toll

JP Morgan Sees Profits Drop as Legal Costs Take Toll

J.P. Morgan Chase saw profits tumble in the fourth quarter as unprecedented regulatory scrutiny pushed up legal expenses. The banking giant reported Tuesday a 7.3 percent fall in profits to $5.28 billion in the...