business news in context, analysis with attitude

• Target Corp. announced that its January sales were up 37.3 percent to $4.9 billion, from $3.57 billion during the same period a year ago. Same-store sales were up 5.1 percent for the month.

• PepsiCo said that its fourth quarter profit rose to $1.78 billion, from $1.1 billion during the same period last year. Revenue edged up 2.8 percent, to $10.38 billion from $10.1 billion.
KC's View: