PreferredOne, the insurer that sold nearly 60 percent of all private health plans on Minnesota's Obamacare exchange, will leave that market.» Read More
Sept 18- Bank of Montreal was sued on Thursday by a trustee liquidating two Florida funds that claimed to have lost money in a Ponzi scheme operated by Minnesota businessman Thomas Petters.
ST. PAUL, Minn.— Minnesota has gained 6,100 jobs in August, driving down the state's unemployment rate to 4.3 percent. The Department of Employment and Economic Development numbers show construction and business services jobs were responsible for more than 80 percent of August's job gains.
NEW YORK— UPS will hire up to 95,000. Kohl's plans to take on 67,000 and FedEx 50,000. Wal-Mart will add 60,000.. One after the other, a flurry of major U.S. retail and transportation companies announced sharp increases this week in the number of temporary workers they plan to hire for the holiday season.
CLEVELAND— A harsh winter and low inventory have driven up prices for road salt so much that the Ohio Department of Transportation will use an Indiana supplier to meet the needs of the state and communities that had problems obtaining salt at affordable prices.
*Cost cutting to help save $100 mln by 2014. Sept 17- General Mills Inc reported a lower-than-expected quarterly profit as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alternative breakfast options.
The Pittsburgh company said it expects a big improvement in its third-quarter operating income from its reportable segments and other businesses. Steel said it will provide about $165 million in secured, debtor-in-possession financing to U.S. Steel Canada Inc., which will allow the business to continue operating as it explores the restructuring.
Sept 17- General Mills Inc reported lower-than-expected quarterly profit and revenue as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alternative breakfast options.
MINNEAPOLIS— General Mills, the food company behind Cheerios cereal and Yoplait yogurt, reported disappointing fiscal first-quarter results Wednesday and announced plans to cut costs further to fight falling sales. The Minneapolis company said it is reviewing its manufacturing and distribution network.
CHICAGO— CHICAGO— A professor whose research is helping a California police department improve its strained relationship with the black community and a lawyer who advocates for victims of domestic abuse are among the 21 winners of this year's MacArthur Foundation "genius grants."
Sept 16- United States Steel Corp said its Canadian arm would apply for relief from creditors under Canada's Companies' Creditors Arrangement Act and said it would drop plans to expand two of its facilities. Steel Canada, formerly known as Stelco, accounts for about $1 billion of U.S.
NEW YORK, Sept 16- For all of those waiting for a correction in U.S. stocks, here's the news: you may have already missed it.
ST. PAUL, Minn.— The insurance company that grabbed the most customers on Minnesota's health care exchange by offering the lowest rates told state officials Tuesday that it's pulling out of MNsure, a major blow to the exchange as the next open enrollment period approaches.
HARTFORD, Conn.— Radio host Ira Flatow and his "Science Friday" show that airs on many National Public Radio stations have agreed to pay nearly $146,000 to settle civil claims that they misused money from a $1 million grant from the National Science Foundation, federal officials said Tuesday.
CHICAGO, Sept 12- Cargill Inc, the top U.S. grain exporter, sued a unit of Syngenta AG in a Louisiana state court on Friday for damages stemming from China's rejection of genetically modified U.S. corn, which Cargill said cost the company more than $90 million.
CHICAGO, Sept 12- Cargill Inc, the top U.S. grain exporter, said it had sued Syngenta Seeds Inc in a Louisiana state court on Friday for damages stemming from rejections of genetically modified U.S. corn by China.
ST. PAUL, Minn.— Minnesota's corn crop should be larger than first expected. But while the U.S. Department of Agriculture says record yields will be set in 18 states, Minnesota isn't one of them. But it's shy of the 177- bushel record in 2010. Corn production is estimated at 1.36 billion bushels, second-highest in Minnesota history.
ALBANY, Ga.— Jurors started deciding Friday whether the owner of a Georgia peanut plant linked to a deadly salmonella outbreak recklessly sent known tainted products with the motto "just ship it" or was simply a scapegoat for large food companies that authorities didn't want to prosecute and subordinate managers who weren't prominent enough to shoulder the blame.
DES MOINES, Iowa— The nation's corn and soybean farmers will bring in by far the largest harvest ever this year, the U.S. Department of Agriculture said Thursday in a new report. Record yields will be set in 18 states, the USDA said, and 10 states including Illinois, Iowa, and Nebraska, the top three producers, have the highest number of ears per corn stalk ever.
ALBANY, Ga.— The owner of a Georgia peanut plant where a deadly salmonella outbreak originated five years ago approved sales of tainted food "whatever the risk," including shipments known to have tested positive for the bacteria and others sent with fake lab results and no real confirmation the products were safe to eat, a prosecutor told jurors during closing arguments in the food-poisoning trial Thursday.
WASHINGTON, Sept 11- U.S. corn and soybean production in 2014, already pegged at record highs, will be higher than expected a month ago and somewhat above trade expectations, the U.S. government said on Thursday, triggering a swift drop in Chicago grain markets.