Cornealious "Mike" Anderson was convicted of robbery in 2000, but the state didn't order him to prison until 2013. On Monday, a judge ordered him free, saying he had shown himself to be a good man.
Retail giant Target just announced that its CEO Gregg Steinhafel is stepping down after more than 30 years with the company, having served 6 of those years as CEO -- It has not been a smooth tenure. The company’s 4th quarter profits fell by nearly half after hackers stole as many as 70 million credit and debit card numbers from the company’s database.
Two months after Target was hacked, Brian Krebs, who broke the story, logged onto the company’s website to see who had been put in charge of technology. To his surprise, there wasn’t anyone listed.
“I think a lot of people were kind of surprised by that and were hoping for a little more fast action on the part of Target’s leadership,” says Krebs.
The massive security breach wasn’t the only strike against Target under Steinhafels’ leadership.
“There are some operational issues, and from a financial point of view it’s had some real problems with its foray into Canada,” says Craig Johnson, president of the retail consulting firm Customer Growth Partners.
He says Target overpaid for many of its Canadian properties, and once they opened, the stores didn’t perform as well as expected. This along with rebuilding Target’s reputation with customers will be high among the list of priorities for interim CEO John Mulligan. Along with the shift of Mulligan to the interim position, Target announced last Tuesday that former Home Depot Chief Information Officer Bob DeRodes will be the next CIO.
Several factors are straining lime production in Mexico, from heavy rains to a disease infecting trees. But criminal gangs are adding to the high prices by stealing from orchards and hijacking trucks.
The Crac des Chevaliers withstood a siege by the Muslim warrior Saladin during the Crusades nearly a thousand years ago, but the citadel has become a casualty of Syria's 3-year-old conflict.
From the Marketplace Datebook, here's a look at what's coming up Tuesday, May 6:
In Washington, the Commerce Department lets us know what the trade deficit was in March.
The Senate Armed Services Committee holds a hearing on military compensation.
TV audiences said goodbye to "Friends" ten years ago. The final episode aired May 6, 2004.
The multi-talented, and newly-engaged, George Clooney turns 53.
And skip the scale. It's International No Diet Day.
In a 5-4 decision, the court said the Greece, N.Y., council was using prayer for "permissible ceremonial purposes," not as an "unconstitutional establishment of religion."
Lots of Americans spend some time near the top of the income ladder — and many spend at least a few years in poverty.
More than 30,000 people are just getting back from Omaha, the site of this year's superbowl of capitalism, otherwise known as the annual meeting of Warren Buffett's Berkshire Hathaway company. One single Class A stock in Berkshire Hathaway costs $192,000, although there is the economy model, the Berkshire Class B for $128 this morning. Buffett emphasized that big acquisitions, not clever investing in stocks, is the way forward for Berkshire. Michael de la Merced who writes for the New York Times Dealbook section sat through Buffett-Palooza, and joined us to discuss.
Today is Cinco de Mayo, the celebration of Mexican culture and heritage. But one component of the celebration is getting a lot more expensive. Limes. Limes for the tacos. Limes for the drinks. And you may be interested to know the reason for that is connected to a drug cartel. Marketplace's Stacey Vanek Smith reports.
And, I've started a new blog today at Marketplace.org and as the week goes on some of my colleagues here at Marketplace will be doing the same. Kai Ryssdal, Lizzie O'Leary, and Paddy Hirsch included. My thing is going to be called "Indie Economics." Today I'll start with a diet that will make you smarter: the salubrious effects of adding one documentary film or other smart movie to your media diet. Once a week is is all it takes and you, too, can use words like "salubrious."