Business Digest

REGION

Chamber of Commerce schedules breakfast event

SHARON, Pa. — The Shenango Valley Chamber of Commerce will have its economic forecast breakfast at 7:30 a.m. Thursday at the Radisson Hotel-Sharon in West Middlesex.

The speaker will be William Ehling of Federated Investors. He works as part of the team responsible for Federated’s opinions on the various fixed-income positioning strategies. The cost is $15 for chamber members and $20 for nonmembers. Reservations are required and can be made by contacting the chamber at (724) 981-5880.

NATION

Target’s fourth-quarter results show big profits

NEW YORK — Lean inventory and stronger-than-expected holiday sales helped Target Corp.’s fourth-quarter profit soar 53.7 percent, and the company said it expects to pick up market share this year as it rolls out a new store format that includes a bigger grocery section.

The nation’s second-largest discounter said Tuesday it earned $936 million, or $1.24 per share, in the quarter ended Jan. 30. Revenue rose 3.2 percent to $20.18 billion.

Vindicator staff reports