Exact(7)
On Monday, Target named Mulligan its interim C.E.O., an indication that the company recognizes the need for change; until now, it's been rare for a finance executive, rather than someone who rose up through store management, to become a retail C.E.O.
On Monday, Target was higher by 2.2%.
On Monday, Target shares sank 2.6%, or 89 cents, to $33.28.
During the conference call on Monday, Target said its daily and advertised prices are "extremely competitive with Wal-Mart and other specialty retailers".
On Monday, Target asked shareholders in amended proxy documents filed with the U.S. Securities and Exchange Commission to vote to formally cut the size of the board to 12 at the shareholder meeting May 28.
In addition to announcing third-quarter results on Monday, Target also said it would temporarily halt its share repurchase program and reduce its capital spending by $1.0 billion to conserve capital while the retail and credit environment remains challenging.
Similar(53)
Wilder Quarterly, a gardening magazine being introduced on Monday, targets a new generation of growers and urban farmers.
French police launched raids across the country early on Monday targeting an alleged network sending jihadist fighters to Syria, according to a police source.
The Obama campaign released its first ad Monday targeting Romney over the comments.
Tanks and helicopter gunships for a third day Monday targeted Islamist fighters in desert villages that border Israel and the Gaza Strip.
The European Union agreed a further round of economic sanctions on Monday, targeting the Syrian central bank and some ministers, curbing gold trading and banning cargo flights.
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