Lobster dealers group hires part-time director

The recently revived Maine Lobster Dealers’ Association has hired an executive director.

Formerly the Lobster Import/Export Dealers Association, the group has reactivated in order to better represent the interests of lobster dealers at state and federal levels on issues that pertain to the industry, according to a release from MLDA. To accomplish its goal, the group has hired a part-time executive director, Annie Tselikis.

Tselikis spent seven years working for groups representing commercial fisheries interests in Maine. She most recently served as the program manager for the Maine Lobstermen’s Association.

She also serves as a full-time regional field director for Eliot Cutler’s campaign for governor, a position she will maintain through the election, according to the release.

The Maine Import/Export Lobster Dealers Association was formed in 1985.

Still reeling from breach, Target sets sights lower

Target Corp. slashed its annual profit outlook for the second time in three months as the retailer reels from a massive customer-data breach, a botched Canadian expansion and sluggish U.S. sales.

The nation’s third-largest retailer also said Wednesday that its second-quarter earnings dropped 61.7 percent. Excluding expenses related to the data breach, earnings per share came in a penny short of Target’s reduced estimate, issued earlier this month.

The latest results highlight the challenges that new CEO Brian Cornell, a former PepsiCo executive who officially started at Target on Aug. 12, faces on all fronts.

Apple stock touches high as investors embrace CEO

Apple’s stock touched a new high Wednesday, reflecting investors’ renewed faith in CEO Tim Cook’s ability to outwit the competition and expand the tech empire built by the late Steve Jobs.

The milestone represents a dramatic turnaround in sentiment since Apple’s shares reached its previous split-adjusted peak of $100.72 in September 2012. After hitting $101.09 Wednesday afternoon, shares closed up 4 cents at $100.57. That gave Apple a market value of $602 billion – far more than any other publicly held company.

Macy’s will pay $650,000 over alleged racial profiling

Macy’s has agreed to pay $650,000 to settle allegations of racial profiling at its flagship store in Manhattan’s Herald Square.

Under the deal signed Tuesday with New York’s attorney general, the retailer will adopt new policies and report for three years on its compliance.

– From staff and news services