Target to open store in Alameda next year

Alameda is the location of a new Target store that the company will open in October 2013, the retailing giant said.

The store will be located at Alameda Landing Shopping Center at the intersection of Mariner Square Loop and Stargell Avenue.

To date, Target has announced plans to open 15 Target stores in 2013.

The Alameda store will be about 140,000 square feet and will offer guests the typical array of everyday items and exclusive brands found at the retailer's stores. And the store will feature a grocery section with fresh produce, fresh-packaged meat and prepackaged baked goods.

Target will employ about 200 at the new store. The retailer will host job fairs about two months before the new store opening and will take applications during the events. Candidates also can apply online at Target.com/careers or at in-store kiosks located in all Target stores about three months before the new store opening.

"California continues to be a strong market for Target, and we're excited to expand our presence there in 2013," said Cary Strouse, Target's senior vice president of stores in the Western region.

Daiso to open store in Great Mall on weekend

Great Mall in Milpitas has landed Japanese retailer Daiso, which was slated to begin operations on Saturday.

Daiso is known as a Japan-based retailer that offers quality household products at discount prices.

Dining and kitchenware, home decor, health and beauty, hardware and other household items will be available through the retailer.

Most products in the Daiso store are being offered at $1.50 each.

-- Staff

Chevron nears deal over Brazil oil spill

San Ramon-based Chevron is willing to pay about $144 million to settle lawsuits in Brazil over an oil spill last year, a senior company executive and federal prosecutor said Friday.

The talks over a possible settlement reinforce expectations of a swift resolution for Chevron, the No. 2 U.S. oil company, and its drilling contractor, Switzerland-based Transocean.

"We could have an agreement before Christmas," Gisele Porto, the prosecutor responsible for the case, said after a public hearing. "The amount is reasonable, and I don't think I could get a judge to sign off on more."

Related moves by Brazil's oil regulator, the ANP, could also lead to a quick restart of output at Chevron's Frade field, the location of the spill, which has been shut since March.

"It's our understanding that if this settlement is accepted that the civil lawsuits will be extinct," said Rafael Jaen Williamson, Chevron's director of corporate affairs in Brazil.

-- Reuters