Target chief executive steps down after data breach

The New York Times: Target Corp.'s massive data breach has now cost the company's CEO his job. Target announced Monday that Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach, which has hurt its reputation among customers and has derailed its business.

 

Apple drops a possible hint of iWatch plans

Reuters: Apple Inc. is building a team of senior medical technology executives, raising hackles in the biotechnology community and offering a hint of what the iPhone maker may be planning for its widely expected iWatch and other wearable technology. Over the past year, Apple has snapped up at least a half-dozen prominent experts in biomedicine, according to LinkedIn profile changes. Much of the hiring is in sensor technology, an area CEO Tim Cook singled out last year as primed to "explode."

 

Berkshire's Munger wants 1 percent to take pay cut

CNNMoney: The 90-year-old vice chairman of Berkshire Hathaway Inc. was in a feisty mood Saturday when he sat down to chat with CNN's Poppy Harlow shortly after the company's shareholder meeting ended. In a wide-ranging interview, Charlie Munger discussed business, the economy, sports and politics, and offered his opinion on a variety of subjects. Among them -- it's time to raise the minimum wage and the 1 percent need to stop whining.