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Target to pay $18.5 million settlement

The markets extended its gains during the midday with the Dow climbing 65 points to 21,002. Nasdaq rose 14 points to 6,153.


Target agreed to pay an $18.5 million settlement with 47 states and the District of Columbia for a 2013 data breach that affected over 41 million customer accounts. Cyberattackers stole confidential customer information such as names, phone numbers, email addresses, credit card numbers and verification codes. The states will use their portion of the settlement to pay attorney and investigator fees in addition to funding consumer protection programs and consumer education.


Microsoft introduced its monthly Xbox Game Pass that will allow users online access to over 100 games. The $9.99 per month subscription service is available to Xbox Live Gold members beginning today and will be made available to all Xbox One owners on June 1. Xbox Game Pass members will receive a 20% discount on any games that they purchase that are part of the Game Pass program.


Grace Children's Products issued a recall of more than 25,000 car seats that have weak webbing. Harness webbing on the My Ride 65 convertible car seats that were made on July 22, 2014 with model numbers 1871689, 1908152, 1813074, 1872691, 1853478, 1877535, 1813015, and 1794334 and with code 2014/06 on the webbing tag may break during a crash. A free replacement harness will be provided to owners of the car seat.


The broader S&P 500 rose 3 points to 2,401. Bitcoin rocketed $185 to $2411.


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