After a cyber attack of its systems, Target Corp now has to deal with angry customers venting on social media, customer lawsuits and probes from state attorneys general, the Los Angeles Times reported.
Regions
Hedge funds eye troubled Australian mining and farming companies
International hedge funds are increasingly targetting troubled firms in Australia, from cotton or macadamia farms to cattle stations and vineyards, expecting a nascent distressed debt market to generate double-digit returns.
Spain's Sabadell sells 15.8pct stake in Dominican Republic lender Centro Financiero for $156M
Banco de Sabadell on Friday announced that it has sold its 15.8% stake in Dominican Republic's Centro Financiero BHD for $156 million. Sabadell also recently exited its holdings in Grupo BHD, Centro Partner Group, Twins Investment Partners and Grupo Financiero Leon.
Finland's Fennovoima inks deal with Russian state corporation Rosatom to construct 1,200MV reactor
Nuclear consortium Fennovoima on Saturday agreed to build a 1,200-megawatt nuclear facility with Russia's state owned corporation Rosatom. Rosatom will take a 34% stake in the group to fill a funding hole left by Germany's E.ON.
Canadian gold miner Claude sells Madsen Gold Project to Laurentian Goldfields for a combination of cash and equity
Claude Resources has agreed to sell its Madsen Gold Project to Laurentian Goldfields for about C$9 million in cash. Claude will also receive shares representing 19.9% shares outstanding in Laurentian as part of the deal.
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LightSquared, which has been in bankruptcy last year, may get $2 billion to $2.5 billion in financing backed by Fortress Investment Group. JPMorgan Chase & Co. in talks with lenders, who would need to commit by January 8.
Caesars Entertainment agrees to buy Atlantic Club's non-gaming assets in bankruptcy auction for $15M
Caesars Entertainment has confirmed its acquisition Atlantic Club's non-gaming assets in a bankruptcy auction, with the deal set to be completed after the club closes on January 13 next year.
The deal that BlackBerry has made with Foxconn Group to outsource the making of its handsets is a sign that the smartphone company is evolving into a services firm, Bloomberg reported.
Retrofit, a fitness company whose clients include Google, Salesforce.com and American Medical Association, has raised $5 million in a Series B funding round lead by Cambia Health Solutions.
Owners of Forbes Media is reportedly seeking $400 million to $500 million in its sale. However, sources value the Forbes magazine and Forbes.com publisher at $200 million given its EBITDA of $20 million last year.
Retailers are going to be ramping up efforts to lure buyers on the final weekend leading up to Christmas but shoppers intend to spend less, Reuters reported.
Vale, the world's leading producer of iron ore, agreed to enter into a joint venture with power company Cemig to run six hydroelectric power plants. Vale also halved its 9% stake in Norte Energia, which builds a hydroelectric dam in Amazon, Brazil
The corporate buses of Apple Inc and Google Inc were delayed from their morning commute due to protesters in San Francisco and Oakland blocking them, Reuters reported.
Shareholders of Telecom Italia on Friday thwarted by a slim majority a proposal by rebel investor Marco Fossati to oust its board. Fossati, the third-largest shareholder in Telecom Italia, may consider pursuing a legal challenge.
