Target's CEO Steps Down; GM Issues Another Recall
Stocks end the day up as the four-year anniversary of the flash crash quickly approaches. On May 6, 2010 $1 trillion in wealth was wiped out almost instantly, investors still wonder what caused the the quick crash. Target's (TGT) CEO stepped down from his position today, just five months after the retailer experienced a massive security breach. Despite no longer holding the top position at Target, Gregg Steinhafel will serve as an adviser during the transition and will also be receiving a severance package valued near $55 million.General Motors (GM) issued another recall that will impact 51,640 crossover vehicles. This recall will fix inaccurate gas gauges that could lead drivers to run out of gas thus stalling the engine.
Word on the Street
Published on May 5, 2014By InvestorGuide Staff