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
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