TARGET ENDING CARTWHEEL PERKS Exxon fined $2M over Tillerson-era breach of Russian sanctions.
MINNEAPOLIS» Target Corp. is ending the Cartwheel Perks rewards program that it began testing in five markets last year.
The Star Tribune reports that the program was part of the company’s Cartwheel app, which provides instore shoppers with digital coupons for extra savings when they check out. The Cartwheel app will remain otherwise intact.
The rewards program was tested in Denver, Houston, San Diego, St. Louis and Raleigh-Durham, N.C. Customers in those markets will have until Aug. 27 to earn points and until Oct. 27 to redeem any reward offers.
WASHINGTON» The Treasury Department is imposing a $2 million fine on Exxon Mobil Corp. for showing “reckless disregard” for U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant’s CEO. The sanctions breach on Tillerson’s watch raises significant questions about his ability to credibly enforce sanctions and to persuade European countries to keep doing so. Exxon is also suing the U.S. government to stop the fine.