News on Target, the bitter cold and Toronto Mayor Rob Ford.



 

Quote of note

"Retailing is in a transformative time. We're making decisions that will help us thrive and grow in the future.'' - Target spokeswoman Molly Snyder, speaking after the company announced 475 layoffs, in addition to the elimination of 700 unfilled positions. The cuts come after Target reported weaker Christmas numbers and a massive security breach that affected as many as 70 million customers.

News to know

The Midwest and East continue to suffer through a snowy, bitterly cold winter, and there are no signs of it letting up. The major snowstorms have passed for now, but now the sub-zero temperatures are settling in again. "More surges of cold Arctic air are on tap for next week," CNN meteorologist Sean Morris said.

Hot video: New video of Toronto Mayor Rob Ford drunk

Toronto Mayor Rob Ford admitted to drinking again after a video posted on social media showed him babbling about the city's police chief Monday night while he was at a fast-food restaurant.

 

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