A major data breach at Target leaves the department store to pay over $39 million to MasterCard and other financial institutions. After paying $67 million to Visa card issuers in a similar incident earlier this year, Target faces shareholder lawsuits, among others involving both the FTC and state attorneys general. Find out the details here.
Can we expect a full employment rate in the private sector by the Summer of 2016? Apparently so, according to Mark Zandi of Moody’s Analytics. Job growth’s biggest jump in 5 months hit after the addition of 217,000 jobs last month. Get the full story here.
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Morgan Stanley and Wells Fargo commit to reducing credit exposures, but the coal industry is in decline anyway.
Worker hours fell but output increased; real hourly compensation and labor costs rose.
The 30 most systemically important global banks have combined exposures that exceed 75% of world GDP.
FASB wants to narrow the definition of a business, making it easier for companies to report that they’re merely acquiring an asset.
The banking giant gets access to On Deck’s technology platform for making small-dollar loans to small businesses.
The acquisition of Advance Partners will allow Paychex to provide additional support to its staffing industry clients.
ADP reports a gain of 217,000 jobs last month, providing further evidence that the labor market is moving toward full employment.
The settlement is with MasterCard and credit-card issuers seeking to hold Target liable for costs related to the 2013 breach.
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