Thursday, October 02, 2014

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Business Headlines: Michaels Warns Customers of Security Breach

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TWC News: Business Headlines: Michaels Warns Customers of Security Breach
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Wall Street took the day off Friday as Christians observed Good Friday, but NY1's Diane King Hall took a look at some of the day's business headlines.

Michaels Warns Customers of Security Breach


The nation's largest arts and crafts chain said an eight-month-long security breach may have affected more than 2.5 million customers.

Michaels said customers that swiped their cards between May 8, 2013 and January 27 of this year may have had their credit or debit card numbers stolen.

Expiration dates may have been stolen, too.

The company does not think customers' names or PIN numbers were compromised.

Mazda Recalling Tribute SUVs in Cold-Weather States


Another day, another recall.

Mazda is recalling more than 100,000 Tribute SUVs in cold-weather states after identifying a problem that could cause drivers to lose control of steering.

The car maker said a frame part can rust and cause a part to separate.

The recall covers SUVs from the 2001 through 2004 model years.

Chipotle to Raise Prices for First Time in Three Years


Burrito lovers in the city will soon have to fork over a little more cash at Chipotle.

The Mexican food chain said it's raising prices for the first time in three years.

The Denver-based chain's popularity has surged in recent years, but higher beef, avocado and cheese prices have taken a toll on the company's bottom line.

Chipotle executives have said in the past that they were considering a hike of about 3 percent to 5 percent.

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