Financial
Experts: Target hackers will be tough to find PDF  | Print |  E-mail
Written by BREE FOWLER, AP Technology Writer   
Wednesday, 22 January 2014 07:32

NEW YORK (AP) — It doesn't surprise experts that some debit and credit card numbers stolen from Target's computer systems may have surfaced among nearly 100 fake credit cards seized by police in Texas this week.

Even so, they say the bust is unlikely to lead authorities directly to the hackers behind the breach, given the vast, labyrinthine nature of the global market for stolen data.

According to police in McAllen, Texas, two Mexican citizens arrested at the border used account information stolen during the pre- Christmas Target breach to buy tens of thousands of dollars' worth of merchandise. But the U.S. Secret Service said Tuesday its investigation into the possibility of a link between the Target data theft and the arrests remains ongoing.

Target says hackers stole about 40 million debit and credit card numbers from cards swiped at its stores between Nov. 27 and Dec. 15. The thieves also took personal information — including email addresses, phone numbers, names and home addresses — for another 70 million people.

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Company behind W.Va. chemical spill: gets $4M credit PDF  | Print |  E-mail
Written by JONATHAN MATTISE, Associated Press   
Wednesday, 22 January 2014 07:29

CHARLESTON, W.Va. (AP) — The embattled company behind West Virginia's chemical spill has reached a bankruptcy court deal for up to $4 million in credit from a lender to help continue operations, an attorney said.

The arrangement reached Tuesday will allow the company to continue paying its employees and top vendors and also provide funds to cover environmental cleanup from the spill in the Elk River, said Freedom Industries attorney Mark Freelander.

In bankruptcy court testimony, Freedom Industries President Gary Southern called the 12 days since the company's Jan. 9 chemical spill "completely chaotic."

The spill contaminated water supplies for 300,000 people in West Virginia.

Southern had said the company spent $800,000 last week to remedy environmental damage from the spill.

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Subcompact cars fare poorly in new crash tests PDF  | Print |  E-mail
Written by DEE-ANN DURBIN, AP Auto Writer   
Wednesday, 22 January 2014 07:30

DETROIT (AP) — Subcompact cars fared poorly in new crash tests performed by an insurance industry group.

None of the 12 minicars tested got the highest rating of "good" from the Insurance Institute for Highway Safety. The Chevrolet Spark was the only car that earned the second-highest rating of "acceptable." Six of the cars — including the segment's best-seller, the Nissan Versa — got the lowest rating of "poor."

All of the cars were from the 2013 or 2014 model years.

"Small, lightweight vehicles have an inherent safety disadvantage. That's why it's even more important to choose one with the best occupant protection," said Joe Nolan, IIHS's senior vice president for vehicle research.

The institute's small overlap test, which was introduced in 2012, mimics what happens when a car's front corner collides with another vehicle or an object like a utility pole. In the test, 25 percent of a vehicle's front end on the driver's side strikes a rigid barrier at 40 mph.

The test differs from the U.S. government's frontal crash test, in which a car strikes a rigid barrier head-on at 35 mph.

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Delta 4Q profit rises after traffic, fare gains PDF  | Print |  E-mail
Written by JOSHUA FREED, AP Business Writer   
Tuesday, 21 January 2014 14:50

MINNEAPOLIS (AP) — Higher fares and growing traffic helped Delta Air Lines Inc. post a bigger-than-expected profit on Tuesday.

Delta's yield — a key measure of what each passenger pays to fly one mile — rose 4 percent for the quarter. Airlines tried about a dozen fare increases last year. While most failed after competitors didn't match them, airlines still boosted yields by an average 2 percent last year, according to the Airlines for America trade group.

Delta President Ed Bastian said demand for air travel is "solid," and Delta expects to see "significant margin expansion" in the current quarter.

Bastian also said the airline industry is showing restraint in how much flying it adds. The view on Wall Street has been that reining in growth will give airlines more power to raise fares. Delta expanded flying just 1 percent last year. It said it expects to grow 2 percent to 3 percent in the upcoming quarter.

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