NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Wednesday, January 15.
After auction, P.A.M stays in buyback mode
P.A.M. Transportation Services Inc. of Tontitown isn't out of the buyback business. The company announced Jan. 6 that it had completed a monthlong "Dutch auction" in which P.A.M. agreed to buy 675,000 outstanding shares of its stock for $20.50 per share. The outlay of $13,837,500 (plus a $1,783 filing fee) won't slow the company down, said CFO Allen West. "We're not even going to take a break," West said. "We could do one of these as soon as Jan. 14. We have to wait 10 business days. We still have board-approved buyback capabilities. We'll be looking at the market, and if the opportunity presents itself we'll definitely consider buying more back." The buyback constitutes 7.8 percent of the company's stock and will leave just a shade fewer than 8 million outstanding.
JP Morgan replaces 2 million cards after Target hack
JPMorgan, the nation's largest bank by assets, said Tuesday it is replacing 2 million credit and debit cards after a massive breach at Target. As many as 110 million Target (TGT, Fortune 500) customers were impacted by the hack, including 40 million customers who used credit and debit cards over 19 days at the peak of the holiday shopping season. Luxury retailer Neiman Marcus said it, too, was breached, and experts say they wouldn't be surprised if other companies were also hit. JPMorgan Chase (JPM, Fortune 500) CEO Jamie Dimon, in a call with financial analysts after the company posted its fourth-quarter profit, disclosed the card replacement. He called cybersecurity "a big deal," and said banks, retailers and transaction processors "really have to put an extreme effort into protecting" their operations.
Twitter ads can now be targeted based on email
Advertisers bringing their campaigns to Twitter can hone in on their audiences through knowledge of items as simple as email addresses and user IDs. The social network announced some new methods being made available for tailored audiences, a program that launched in December for connecting businesses with potential customers that have demonstrated interest in a given product through activity outside of Twitter. Twitter announced on Tuesday that companies will be able to use their own customer relationship management (CRM) databases for this purpose. Outside of internal records, digital marketers can also fashion tailored audiences via information publicly available on Twitter, such as usernames, user bios, verified status, followers, and past Tweets. On the flip side, Twitter is also introducing excluded audiences based on these aforementioned metrics.
Can human urine replace chemical fertilizers?
The Rich Earth Institute in Brattleboro, Vermont, is likely the only organization measuring success in gallons of urine. In 2012, Kim Nace, REI's administrative director and partner Abe Noe-Hays collected 600 gallons of urine from friends and neighbors. The next year, the organization brought in about 3,000 gallons from 170 human volunteers. Rebecca Rueter, a board member for Rich Earth, invited members of the local women's chorus to donate their pee. REI hopes to double that amount this year to a round 6,000 gallons - enough to fill a third of an average American swimming pool. "We've given volunteers a few things to make it easier - some funnel devices and things like that," says Nace. Urine contains nitrogen, phosphorus and potassium - essential plant nutrients that are usually mined from the earth or the air for agricultural use.