By  on April 7, 2009

Target Corp. and activist investor William Ackman continued to trade blows on Monday about the size and composition of the retailer’s board.

While the Target battle took center stage in retailing, renewed jitters about the health of banks and the apparently failed merger between technology giants International Business Machines Corp. and Sun Microsystems Inc. drove down the overall market and helped trim retail shares 1.3 percent.

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