Target has always been counting on its traditional strength of being a leader in cheap-chic style. Tough the company's executive sound optimistic as the back-to-school season shopping begins with a sturdy note. However the retailer lowered its rest of the year profit outlook after its poor performance in the second quarter.
On Wednesday a person who is familiar with the matter said that the Bank of America has settled to pay almost $17 billion to clear up allegations brought by federal and state that the bank sold mortgage-backed securities which were risky, to investors before the beginning of the national financial crisis.
The financial regulator of New York State has asked Standard Chartered plc the UK-based lender to pay a civil monetary fine of $300 million. Along with the penalty the bank has also been asked to take some other remedial steps due to which it failed to perk up its controls over money laundering which were needed according to the previous settlement that it made with the regulator in 2012.
- Samsung signs deal with Amazon.in to sell Galaxy K Zoom handset in India
- GE unveils smart LED light bulb – ‘Link’
- Report: iPhone 6 likely to be launched one month earlier than expected
- Huawei officially unveils its new high-end Ascend P7 smartphone
- Samsung launches its ‘Galaxy K zoom’ camera specialized-smartphone