Pearson fights takeover talk »

Scardino, who turns 60 on Wednesday, said the group had made record profits in 2006 and told City analysts that earnings would be at the top end of their expectations. She refused to comment on the growing bid rumours, which saw Pearson shares hit a four-and-a-half year high last week on reports that US private-equity group KKR was lining up a 7bn bid for the Penguin and Financial Times group. City earnings-per-share forecasts had until today ranged from 36.1p to 40p. In headline profit terms,...

Winners, HomeSense say hackers didn’t get Canadian debit info

Hackers who stolecustomer information from the company that owns Winners and HomeSense did not access Canadian debit card transactions, thepresident of the retail chains said Saturday.

That’s the conclusion after TJX Cos., the U.S. parent firm of Canadian retailers, conducted its own investigation into the breach it reported on Jan. 17, Winners and Homesense president Michael MacMillan said.

MacMillan expressed his “deepest regrets” over the incident in a full page ad in the Toronto Star.

“Based on our investigation, we can now report that we believe that transactions using debit cards issued by Canadian banks were not involved in the systems breach,” he said.

TJX Cos. revealed in Januarythat millions of credit card accounts may have been compromised after hackers stole customer information from its computer systems. The company said the stolen information covers transactions from 2003 into2006.

The company, based in Framingham, Mass., said at the time that the full extent of the theft and number of customers affected was not known.

MacMillan tried to assure customers in Saturday’s adthatthe company wastaking the problem seriously.

He said it has increased security of its computer systems, hired two computer security firms to investigate the problem, told police about the crime and worked with major credit card companies to protect customers whose credit card information may have been stolen.

“I wish to express my deepest regrets for any difficulties you may have experienced due to this incident. At Winners and HomeSense, our customers have been our top priority for more than 20 years and I can assure you that you will always come first,” he said.

According to CP, Canada’s privacy commissioner and Alberta’s information and privacy commissioner are investigating how the security breach occurred.

TJX, a U.S. discount retailer, discovered the problem in mid-December after hackers got into its computer systems. The systems process and store information about transactions using credit and debit cards, cheques and merchandise returns.

TJX operates 184 Winners and 68 HomeSense stores in Canada.

It also has 826 T.J. Maxx, 751 Marshalls, 271 HomeGoods, 162 A.J. Wright stores and36 Bob’s Stores in the United States. In Europe, the company runs 212 T.K. Maxx stores. With files from the Canadian Press

« Crude Stocks Climb, Heating Oil Falls

NEW YORK (AP) - The Energy Information Administration on Wednesday reported a larger-than-expected draw on stocks of heating oil and diesel fuel, while inventories of crude oil continued to rise. The EIA reported crude inventories rose by 1.4 million barrels to 329 million barrels for the week ending Feb. 23 — roughly in line with the market forecast. Analysts expected crude stocks to rise by 1.2 million barrels, according to a Dow Jones Newswires survey. Crude inventories are at the...

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9 Oil Workers Kidnapped in Nigeria Freed »

9 Oil Workers Kidnapped in Nigeria Freed Chinese Oil Workers Kidnapped in Nigeria Have Been Released Unharmed by Their Captors The Associated Press BEIJING - China’s Foreign Ministry announced Sunday that nine Chinese oil workers who were kidnapped last month in Nigeria had been released unharmed by their captors. The workers were taken Jan. 25 when gunmen stormed the government-owned Chinese National Petroleum Co. office in the Nigerian state of Bayelsa. The Foreign Ministry said...

Winners, HomeSense say hackers didn’t get Canadian debit info

Hackers who stolecustomer information from the company that owns Winners and HomeSense did not access Canadian debit card transactions, thepresident of the retail chains said Saturday.

That’s the conclusion after TJX Cos., the U.S. parent firm of Canadian retailers, conducted its own investigation into the breach it reported on Jan. 17, Winners and Homesense president Michael MacMillan said.

MacMillan expressed his “deepest regrets” over the incident in a full page ad in the Toronto Star.

“Based on our investigation, we can now report that we believe that transactions using debit cards issued by Canadian banks were not involved in the systems breach,” he said.

TJX Cos. revealed in Januarythat millions of credit card accounts may have been compromised after hackers stole customer information from its computer systems. The company said the stolen information covers transactions from 2003 into2006.

The company, based in Framingham, Mass., said at the time that the full extent of the theft and number of customers affected was not known.

MacMillan tried to assure customers in Saturday’s adthatthe company wastaking the problem seriously.

He said it has increased security of its computer systems, hired two computer security firms to investigate the problem, told police about the crime and worked with major credit card companies to protect customers whose credit card information may have been stolen.

“I wish to express my deepest regrets for any difficulties you may have experienced due to this incident. At Winners and HomeSense, our customers have been our top priority for more than 20 years and I can assure you that you will always come first,” he said.

According to CP, Canada’s privacy commissioner and Alberta’s information and privacy commissioner are investigating how the security breach occurred.

TJX, a U.S. discount retailer, discovered the problem in mid-December after hackers got into its computer systems. The systems process and store information about transactions using credit and debit cards, cheques and merchandise returns.

TJX operates 184 Winners and 68 HomeSense stores in Canada.

It also has 826 T.J. Maxx, 751 Marshalls, 271 HomeGoods, 162 A.J. Wright stores and36 Bob’s Stores in the United States. In Europe, the company runs 212 T.K. Maxx stores. With files from the Canadian Press

« John Lewis's spirit of partnership strained

The John Lewis board was severely split over the appointment of its new chairman, with several directors initially seeking an alternative candidate to that recommended by Sir Stuart Hampson, the incumbent chairman, The Times has learnt. The clash which saw the board dispute the appointment in board meetings over two days raises calls for a change to the firms corporate governance. Under John Lewiss constitution, Sir Stuart, as outgoing chairman, has full responsibility for the appointment of...

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