Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Hotel group investigates potential payment card breach * InterContinental Hotels Group Plc said Wednesday that it was investigating claims of a potential payment card breach at some of its hotels in the United States.

The company has hired a computer security firm to help with the investigation and will continue to work with the payment card networks, a spokesman said.

The investigation was first reported by Krebson Security on Wednesday.

A pattern of fraud on customer credit and debit cards was seen that suggested a breach at some InterContinental properties, particularly at Holiday Inn and Holiday Inn Express hotels, the blog reported, citing sources.

More Sears and Kmart stores to close * Sears Holdings has told employees it is closing 30 additional Sears and Kmart stores in early 2017, Business Insider reported Wednesday.

None of the stores is situated in the St. Louis area, the business news website reported.

This latest round of closures will bring to more than 200 the total number of stores closed this fiscal year by Sears Holdings, the parent company of Sears and Kmart.

That will leave fewer than 1,500 stores by early 2017, Business Insider said, down from 3,500 in 2011.

Takata said to be near settlement of criminal case * Japan's Takata Corp. is nearing a settlement with the Justice Department and is expected to pay up to $1 billion to resolve allegations of criminal wrongdoing related to its faulty air bag inflators, the Wall Street Journal reported Wednesday.

The final figure could be in the high hundreds of millions, the Journal reported on Wednesday, citing people familiar with the matter.

Both the parties are discussing the possibility of the auto parts supplier's pleading guilty to criminal misconduct as part of the settlement, which could take place as soon as January, though the timing could slip, the report said. …

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