Feds vow to nab
Attorney General Eric Holder says the Justice Department is committed to tracking down the thieves who stole information from millions of customers of Target Corp.
In an appearance Wednesday before the Senate Judiciary Committee, Holder said that the government also will hunt down any people and groups that exploit the stolen data through credit card fraud.
Hackers stole about 40 million debit and credit card numbers in the pre-Christmas data heist. They also took personal information — including email addresses, phone numbers, names and home addresses — of another 70 million people.
Minneapolis-based Target says it is working with the Secret Service and the Justice Department in response to the data breach.
Fiat and Chrysler
now Fiat Chrysler
The combination of Fiat and Chrysler now has a new name — Fiat Chrysler Automobiles — and the company’s stock will be listed on the New York Stock Exchange, if Fiat’s shareholders approve a proposal from its board of directors.
The new name and the shareholder proposal, approved by Fiat’s board of directors Wednesday, comes eight days after Fiat closed its purchase of the Chrysler shares it didn’t already own.
Fiat SpA, which became Chrysler’s controlling shareholder in 2009, last week acquired the remaining 41.5 percent of Chrysler Group LLC shares from a United Auto Workers-managed trust for $4.35 billion.
The new name, logo and symbol are designed to pay homage to the historical roots of both companies.
Under the new proposal, Fiat shareholders will receive one share of Fiat Chrysler Automobiles in return for each Fiat share they hold.
All of Fiat Chrysler Automobiles’ shares will be listed on the New York Stock Exchange with an additional listing on the Milan Stock Exchange.
NY state to up
oil train oversight
Gov. Andrew Cuomo has directed state agencies to strengthen the state’s oversight of petroleum shipments by rail, citing devastating accidents in Quebec and North Dakota and the expansion of crude oil shipping through the Port of Albany.
Environmental Conservation Commissioner Joe Martens announced the action at a legislative budget hearing Wednesday. He says Cuomo issued an executive order directing the Department of Environmental Conservation and other agencies to evaluate the state’s spill prevention, response and inspection programs involving rail and ship transport of petroleum products.
The agencies are to report recommendations to Cuomo on April 30.
The state is also calling on the federal government to expedite enhanced standards for transporting crude oil by rail and water to reduce the potential for spills and accidents.