Stocks are mixed in afternoon trading on Wall Street, following yesterday's surge. The market gained the most in more than two months yesterday after the Federal Reserve said it was trimming its stimulus efforts, which investors saw as a vote of confidence in the economy.
- One security analyst says it's "alarming" that Target could experience a data breach putting up to 40 million credit and debit card accounts at risk, considering all of the security the discount chain has in place. Target says customers who swiped credit cards in its U.S. stores between Nov. 27 and Dec. 15 may have had their accounts exposed. The stolen data includes customer names, credit and debit card numbers, card expiration dates and the three-digit security codes located on the backs of cards.
- Facebook shares are lower after the company said it will sell 70 million shares, including more than 41 million held by founder and CEO Mark Zuckerberg. The social media's stock has surged since the summer, more than doubling since the end of July on optimism that the company's mobile strategy is working.
- Darden Restaurants Inc. is looking to either spin off or sell Red Lobster, as part of its plan to boost shareholder value. The company, which also runs Olive Garden and other restaurants, says it is also suspending the opening of new Olive Garden locations and will limit the opening of new LongHorn Steakhouse restaurants. Red Lobster has 705 restaurants in the U.S. and Canada and is the biggest full-service-dining seafood specialty restaurant operator in North America.
- New Mexico Attorney General Gary King is set to announce he is suing a Roswell company in an attempt to block a planned horse slaughter plant. The move comes after a federal appeals court rolled back a court order that had kept the Valley Meat Company from beginning operations. The 10th U.S. Circuit Court of Appeals last week lifted an emergency order that blocked the opening of the Roswell plant, another in Gallatin, Mo., and one in Sigourney, Iowa, that has converted to beef.