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Gregg Steinhafel

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  • Target settlement with MasterCard fails to get bank support

    A $19 million deal between Target and MasterCard to settle lawsuits stemming from the retailer's massive pre-Christmas 2013 data breach has been scrapped, because it failed to get enough support from the affected banks and credit unions.
  • Canada failure dents Target executives' compensation

    MINNEAPOLIS Target Corp. eliminated some stock payouts normally given to top executives as penalty for the company's failed expansion in Canada, a regulatory filing showed Monday. The move dented the portfolios of Target's leaders since they won't have...

    Judge to OK Target's $10-million data-breach settlement

    Judge to OK Target's $10-million data-breach settlement
    A federal judge said he would approve Target’s proposed $10-million settlement of a class-action lawsuit stemming from a 2013 data breach. Judge Paul Magnuson said he would give his approval in a court filing this afternoon, according to David...

    Target to cut $2B in costs, including several thousand jobs

    Target to cut $2B in costs, including several thousand jobs
    Target Corp. is cutting several thousand jobs as part of a plan to eliminate $2 billion in costs over the next two years. The goal: to make the Minneapolis-based discounter more agile to compete in an increasingly competitive landscape and appeal to...

    Target plans $2 billion in cuts, layoffs looming

    Target plans $2 billion in cuts, layoffs looming
    Target is cutting several thousand jobs as part of a plan to eliminate $2 billion in costs over the next two years. The goal: to make the Minneapolis-based discounter more agile to compete in an increasingly competitive landscape and appeal to...