Daily business briefing: Target CEO loses job over data breach

May 5, 2014 

Target President and Chief Executive Officer Gregg Steinhafel is out of a job five months after the retailer's massive data breach. Steinhafel agreed to step down, effective immediately. He also resigned from the board of directors. Find out more at http://www.bnd.com/business. ...

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Coca-Cola is dropping brominated vegetable oil, a controversial ingredient from its Powerade sports drink, after a similar move by PepsiCo's Gatorade last year. Read more at http://www.bnd.com/business. ...

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Tyson Foods' second-quarter net income more than doubled. Tyson, the biggest U.S. meat company, benefited from strong demand for chicken and higher prices for beef and pork. Learn more at http://www.bnd.com/business. ...

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Billionaire Warren Buffett says Coca-Cola can adjust its compensation plan, which he has called excessive. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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