Target will pay $67 million in data breach settlement

NEW YORK – Target has reached a deal to pay up to $67 million to settle Visa claims related to a massive 2013 data breach that resulted in the theft of millions of debit and credit card numbers.

Both Target Corp. and Visa Inc. confirmed the agreement Tuesday.

The breach of Target’s computer systems compromised 40 million credit and debit card accounts. The hackers also stole the personal information, including names and addresses, of as many as 70 million people, putting them at risk of identity theft.

The Minneapolis retailer said Tuesday that the issuers of a majority of the cards that were compromised have entered into direct settlements with Target and Visa, giving the companies the green light to make a larger deal.

Charles Zimmerman, a lawyer for a group of banks that are suing Target over breach-related losses, called the settlement another attempt by the retailer to avoid fully reimbursing card issuers. His group is asking for class-action status and has a hearing scheduled for Sept. 10.

GM recalls more vehicles because of faulty headlights

DETROIT – General Motors Co. is adding 181,000 cars in the U.S. and Canada to a 2014 recall for headlights that can stop working, and it will have to repair thousands more for a second time because the first fix could fail again.

The expansion covers the 2005 Buick LaCrosse and the 2007 Pontiac Grand Prix in the U.S., as well as the 2005 Buick Allure in Canada.

A headlight module may overheat and melt in high temperatures under the hood. That can cause the low-beam headlamps and daytime running lights to fail.

Vehicles that were repaired under the first recall in November of 2014 will have to be repaired again because the replacement part can fail and cut off the headlights, spokesman Alan Adler said.

The 2014 recall affected 316,357 vehicles from 2006 through 2009.

Google offers smartphone in six African nations for $98

MOUNTAIN VIEW, Calif. – Google is introducing a low-priced smartphone in six African countries where most people still can’t afford an Internet-connected device.

The Hot 2 phone announced Tuesday is made by Infinix and will be sold in stores in Nigeria and offered by online retailer Jumia in five other countries: Egypt, Ghana, Ivory Coast, Kenya and Morocco. Jumia listed the phone at $98 before it sold out, based on a check of its website late Tuesday.

Infinix worked with Google on the Hot 2 as part of a program called Android One that made its debut in India last year.

Android One represents Google’s push to lower the prices of smartphones in less developed parts of the world where computers are considered a luxury.

Yum Brands names new CEO for its operations in China

NEW YORK – Yum Brands, the parent of KFC, Pizza Hut and Taco Bell, is naming a new CEO of its China division as it works to reverse a sales skid in a key market.

The company said Tuesday that Micky Pant, 60, is now the CEO of its China division. He replaces longtime leader Sam Su, who is retiring. Pant has been the CEO of KFC since the beginning of 2014 and now takes over the business that Yum Brands describes as the single biggest contributor to its profits.

Yum Brands also named new CEOs of its KFC and Pizza Hut businesses in China.

Yum Brands has more than 6,800 locations in China, but the business has been damaged by bad publicity connected to poor food handling by a former supplier a year ago.