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Report: U.S. retail sales rise 3.5% during holidays
Purchase, N.Y. – U.S. retail sales reportedly rose 3.5% between Nov. 1 and Dec. 24, 2013 compared to the same period in the prior year. According to data from MasterCard Advisors SpendingPulse, sales of holiday-related categories, such as clothing, electronics and luxury goods, rose 2.3%, after rising 0.7% in 2012.
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Report: Federal hearings on Target breach possible
Washington, D.C. -- Sen. Robert Menendez (D-N.J.) reportedly may seek federal hearings on the recent data breach at Target. According to the Associated Press, Menendez said in a press conference held outside a Jersey City, N.J. Target store that he has also requested the Federal Trade Commission (FTC) to investigate whether it can levy fines against Target and whether laws protecting sensitive consumer data need to be strengthened.