KQEH Nightly Business Report May 6, 2014
Nightly Business Report for monday, may 5th. Good evening, everyone. We begin tonight with a change at the top at target, the nations number three retailer. Gregg steinhafel, the companys chairman and ceo stepped down today five months after a massive data breach that put at risk personal and Financial Information belonging to millions of customers. The resignation is effective immediately. Steinhafel had been with target, 35 years and is arguably the first Major Company ceo to lose his job to a cyber crime. The the news rattled investors, target shares fell 2. 5 , one of the biggest decliners...