FCC Approves Expansion of SpaceX Starlink Network With 7,500 New Satellites 
Trump Pushes $100 Billion U.S. Oil Investment Plan for Venezuela After Maduro Seizure 
Federal Appeals Court Blocks Trump-Era Hospital Drug Rebate Plan 
Hanwha Ocean Shares Rise on Plans to Expand U.S. Shipbuilding Capacity 
GM Takes $6 Billion EV Write-Down as Electric Vehicle Demand Slows in the U.S. 
UBS Upgrades L’Oréal to Buy, Sees Strong Sales Momentum and 20% Upside 
Nvidia Appoints Former Google Executive Alison Wagonfeld as First Chief Marketing Officer 
Samsung Forecasts Strong Q4 Profit on AI-Driven Memory Chip Boom 
Trump Calls for 10% Credit Card Interest Rate Cap Starting 2026 
SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally 
AustralianSuper Backs BlueScope Steel’s Rejection of $9 Billion Takeover Bid 
Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny 
Rio Tinto–Glencore Merger Talks Spark Investor Debate Over Value, Strategy and Coal Exposure 
xAI Cash Burn Highlights the High Cost of Competing in Generative AI 
BlueScope Steel Shares Slip After Board Rejects A$13.2 Billion Takeover Bid 
Chevron Sees Path to Boost Venezuela Oil Output by 50% After Trump Administration Talks 
Aktis Oncology Prices Upsized IPO at $18, Raising $318 Million in Major Biotech Debut 
Retail giant Target on Wednesday revealed its plans to close 13 of its stores across the United States by January 31, 2016, CNN reported. The company is nearly 1800 stores in the U.S.
“The decision to close a Target store is not made lightly. We typically decide to close a store after careful consideration of the long-term financial performance of a particular location. Typically, the decision to close a store is as a result of seeing several years of decreasing profitability,” Kristy Welker, a spokeswoman for Target, told Patch in a statement.
The stores to be closed include:
- Austin North East in Austin, TX
- Suncoast Pasco County in Odessa, FL
- Casa Grande, AZ
- Victorville, CA
- East Flint in Flint, MI
- Columbus Southwest in Columbus, OH
- Springfield, OH
- Northridge in Milwaukee, WI
- Superior, WI
- New Ulm, MN
- Ottumwa, IA
- Anderson, IN
- Dixie Highway in Louisville, KY
The company also said that the decision was based on the poor financial performance of the specific stores, "not about the broader company in any way”, The Huffington Post noted.
Target also ceased its operations in Canada and closed all 133 stores which reportedly cost the company $7 billion, Fortune reported. Moreover, it also laid-off several employees in the Minneapolis area as part of its two-year cost saving plan.
