Target Corporation (NYSE:TGT) posted a lower-than-expected earnings performance for the first quarter of fiscal 2013. The company said that soft sales and weather related categories affected its results.
The company reported an income of $498 million or $0.77 per share for the first quarter.
During the same period last year, Target Corporation reported a profit of $697 million or $1.04 earnings per share. - More
Saying he had difficulty sleeping and contemplated withdrawing from this week's European Tour event, Sergio Garcia on Wednesday afternoon apologized for racially insensitive remarks directed at Tiger Woods at a tour function outside London the previous night, saying his comments were "totally stupid and out of place." - More
A day after a Senate report blasted Apple for not paying U.S. taxes on billions of dollars in overseas income, Cook insisted that Apple pays the taxes it legally owes.
“There’s no shifting going on,” said Cook in his first appearance before Congress. “We pay all the taxes we owe, every single dollar.” Read recap of hearing on live blog. - More
Last week, a judge in Florida issued an arrest warrant for former NFL wide receiver Chad Johnson for violating his probation on a domestic violence charge from last summer.
Johnson was reportedly out of the state at the time that the warrant was issued, but he’s back in Florida on Monday and TMZ reports that he’s now under arrest. - More
Robert Griffin III's immense fan base is showing its appreciation for the Washington Redskins quarterback by purchasing many of the items he and his fiancée have listed on their wedding registry.
The link to the Bed Bath & Beyond registry had been posted last week by The Washington Post. According to the registry, Griffin and Rebecca Liddicoat are scheduled to be married on July 6. - More
This is it. This is Michael Vick's last shot. Vick knows it, even if he won't admit it.
He knows that the man to whom he owes everything, Andy Reid, is gone, replaced by a coach, Chip Kelly, who owes him nothing.
Vick is guaranteed only an opportunity to compete for the Philadelphia Eagles starting quarterback job he has held for the better part of the past three seasons. - More
Serena Williams won her fourth consecutive title of the year in dominating fashion Sunday, beating Victoria Azarenka 6-1, 6-3 in the Italian Open women's final, while Rafael Nadal beat rival Roger Federer by the identical score to win the men's crown and his seventh career championship at the event.
Williams will enter the French Open, which starts next Sunday, on a career-best 24-match winning streak. - More
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