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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Feb 08, 2014

Page

11

Target data breach linked to vendor connection

Hackers breached Target by using a data link between Target and its HVAC contractor Fazio Mechanical Services to access the payments network. About 40 million card records and 70 million customer details were affected. U.S. Secret Service is investigating. Fazio claims no broader data exposure and cooperates with investigators.

Target Corp U.S Fazio Mechanical Services Target Dick Roberts Fazio Molly Snyder U.S. Secret Service Sharpsburg Brian Krebs Krebs On Security Reuters Brooklyn N.Y

FBL Financial Group posts higher fourth quarter earnings

West Des Moines based FBL Financial Group reports stronger 2013 fourth quarter results with net income of 27 million and revenues of 173 million. Full year 2013 net income reached 108.4 million on 691.2 million revenues as premiums and investments drive growth.

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Postal Service narrows losses with surge in online shopping

The U S Postal Service cut its quarterly loss to 354 million in Oct-Dec 2013 from 1.3 billion a year earlier as shipping and package delivery revenue rose 14.1 percent plus 479 million driven by online shopping growth and a Sunday delivery deal with Amazon. The agency cites legacy retiree health funding and calls for legislative changes to enable five day service and its own health plan. Patrick Donahoe says costs are down while package growth rises.

U.S Postal Service Patrick Donahoe

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