Daily business briefing: Target's earnings tumble

May 21, 2014 

Target stores are apparently still suffering the effects from the recent data breach as the retailer has reported a 16 percent drop in first-quarter earnings. Minneapolis-based Target, the third-largest U.S. retailer, also cut its annual profit outlook and issued a second-quarter projection that was below analysts' expectations. Learn more at http://www.bnd.com/business. ...


The WNBA is launching a campaign to market specifically to the LGBT community. The professional women's basketball league would be the first pro league to specifically recruit gay, lesbian, bisexual and transgendered fans to its games. Read more at http://www.bnd.com/business. ...


General Motors has added another recall. This time, it's the automaker's Chevrolet Aveo. GM has now recalled 13.8 million vehicles this year. Find out more at http://www.bnd.com/business. ...


The price of oil has increased to $103 a barrel as U.S. crude supplies have dropped. For more information, go to http://www.bnd.com/business.

--Will Buss, BND business writer

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