The Traderszone Network

Target Corp (TGT.N) has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, court documents show. Under the proposal, which requires federal court approval, Target will deposit the settlement amount into an interest bearing escrow account, to pay individual victims up to $10,000 in damages.

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The Obama administration said Wednesday that it is in the early stages of studying claims that Gulf airlines have received market-distorting subsidies, a review involving uncharted territory for the U.S. government. No international trade rules or precedent by the United States exists for addressing airline subsidy claims, presenting a challenge for the administration as it determines how to proceed, a person familiar with the matter said. U.S. airlines contend that Gulf carriers can lower prices and offer more amenities on newer planes because of state subsidies.

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SHANGHAI/SEATTLE (Reuters) – Starbucks Corp (SBUX.O) will partner Taiwanese drinks maker Tingyi Holding Corp to produce and sell ready-to-drink (RTD) beverages in China, becoming the latest global firm to latch on to a local peer to expand in the tricky market. Starbucks will have Tingyi manufacture the drinks for China and help extend its distribution on the mainland, the U.S. coffee giant’s fastest-growing overseas market, the pair said in a joint statement on Thursday. Starbucks announced its deal with the No.

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BUENOS AIRES/NEW YORK (Reuters) – Citigroup Inc (C.N) will not appeal a U.S. judge’s ruling that it cannot process an Argentine sovereign debt payment if he helps the bank exit its custody business in the default-hit country as swiftly as possible, its lawyer said on Wednesday. Citigroup’s stance paves the way for a showdown with leftist President Cristina Fernandez’s government, which is demanding the bank handle a March 31 payment or else risk sanctions, including the possible loss of its operating license.

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The move comes in the face of pressure from labor groups and allies calling for a “living wage” at retailers and fast-food companies across the country, as well as increased competition for labor with the unemployment rate at its lowest in more than six years. Target shares fell 1 percent in extended trade. The clearest sign of the changing labor landscape came last month when Wal-Mart, the largest private employer in the United States, said it would move to the $9 minimum in April with a further bump to $10 next year. A week after Wal-Mart’s announcement, T.J.

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WASHINGTON/NEW YORK (Reuters) – Trade associations representing large U.S. Internet service providers are expected to take the lead in suing the Federal Communications Commission over its new web traffic regulations, according to several people familiar with the plan. U.S. telecom and cable firms have said they would challenge the FCC’s latest “net neutrality” rules in court.

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Three Japanese public pension funds with a combined $250 billion in assets will follow the mammoth Government Pension Investment Fund and shift more of their investments out of government bonds and into stocks, two people involved in the decisions said. The three funds and the trillion-dollar Government Pension Investment Fund, the world’s biggest pension fund, will announce on Friday a common model portfolio in line with asset allocations recently decided by the GPIF, the people told Reuters.

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