Target CEO Clocks Out In Wake Of Data Breach

Target CEO Clocks Out In Wake Of Data Breach

After 35 years at the company — the last six of them as CEO — Target’s top exec Gregg Steinhafel has stepped down less than half a year after the retailer was the site of a massive data breach that compromised credit card and personal information for more than 100 million customers at the height of the holiday shopping season. [More]

‘Diet Coke Frost Cherry’ Dies Before We’ve Even Had A Chance To Complain About It

‘Diet Coke Frost Cherry’ Dies Before We’ve Even Had A Chance To Complain About It

In February, Coca-Cola made a big announcement that Diet Coke lovers had maybe, possibly been waiting a long time for — that the top-selling low-cal cola would now be available in frozen form as something called Diet Coke Frost. But after only a few weeks of having trouble getting the stuff to freeze properly, 7-Eleven has pulled the plug on its exclusive, cherry-flavored version of Frost. [More]

Here Are The 20 Sony Stores That Will Be Closing

Here Are The 20 Sony Stores That Will Be Closing

Sony, still trying to sort out its place in an electronics market in which it is no longer the biggest player, announced today that it will be closing 20 of its 31 retail stores in the U.S. Here’s the list of the locations that will be axed as part of the corporate “restructuring.” [More]

AT&T No Longer Paying For T-Mobile Customers To Switch Providers

AT&T No Longer Paying For T-Mobile Customers To Switch Providers

Remember way back in January, when AT&T announced it would pay T-Mobile customers up to $450 to switch wireless carriers? Well, we hope those people who were interested in making that change weren’t taking too long to mull it over, as AT&T quietly pulled the plug on the promotion after only a few weeks. [More]

JCPenney's "No More Sales" ad campaign was greeted with confusion and annoyance by consumers.

JCPenney Ends Ron Johnson Experiment, Sends CEO Packing

When Ron Johnson took over as CEO of JCPenney a little more than a year ago, he promised sweeping changes. A new image, an end to sales, everyday low prices, iPad-toting staffers, Genius Bar-like customer service. He tried all that, but the retailer still couldn’t shake its reputation as the place your mom dragged you to buy clothes you hated in 1984, and now Ron Johnson, he’s gone. [More]

JCPenney Ditches President After Only 8 Months

JCPenney Ditches President After Only 8 Months

Last Fall, JCPenney’s new CEO, former Apple retail guru Ron Johnson, hired another retail biggie with a charmed resume, Target vet Michael Francis, as president. Francis was charged with the goal of righting the ship and steering JCP back on course. Continuing this nautical theme, Francis has now been put out on a dinghy and cut loose to drift in the sea of unemployment. [More]

One incredibly expensive drug for GSK.

FDA: Diabetes Drug Avandia To Be Pulled From Retail Pharmacies In November

For several years, prescription diabetes medicine Avandia has been at the center of a debate about whether the medication’s heart attack risk was high enough to pull it from pharmacies. Now, nearly eight months after the FDA announced it would be introducing strict restrictions on its sale and use, the agency has finally gotten around to announcing the specifics of those restrictions. [More]

GM Makes Profit, Loses CEO

GM Makes Profit, Loses CEO

Earlier today, General Motors announced the good news that it turned a profit of $1.3 billion last quarter — oh, and CEO Ed Whitacre will be leaving at the end of the month. [More]