Target to exit Canada, Swiss slash interest rates, Bank of America's profit slides

THE FORTUNE DAILY Thursday, January 15, 2015

Target says it will pull out of Canada after failed expansion The recent expansion has resulted in billions of dollars in losses, and the exit will lead the retailer to book a massive $5.4 billion charge in the fourth quarter to reflect the loss from the investment.

7 tips on climbing the corporate ladder Seven women executives from Fortune's Most Powerful Women community give their best career advice.

Bank of America's profit falls on lower trading revenue 14 percent fall in quarterly profit largely due to lower revenue from fixed-income trading.

RadioShack prepares to file for bankruptcy Troubled electronics retailer is considering selling its assets out of bankruptcy to a private equity firm.

World central banks on deflation alert as Swiss cut rate to -0.75% Switzerland abandons its attempts to cap the franc's exchange rate against the euro, amid central bank alarm at slowing world economies.

By Benjamin Snyder IRS customer service this tax season may be the worst since 2001, report says Expect long wait times on the phone and slower processing of filings this year, according to the national taxpayer advocate.

By Philip Elmer-DeWitt Apple's cash is burning a hole in Wall Street's pocket. Again. There'll be hell to pay, says an analyst, if Apple doesn't raise its capital return program to $200 billion.

By Claire Zillman How free community college could help the student loan crisis, in one chart Community college students default on their loans at more than twice the rate of their four-year counterparts.

Swiss shock the markets and big banks report — 5 things to know today

Best Buy says it had a happy holiday, but warns of softness ahead

China's Xiaomi challenges iPhone 6 Plus with new flagship Mi Note

How corporate America is tackling unconscious bias

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