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  • CHICAGO, May 22- The world's largest corn processor, Archer Daniels Midland Co, is shifting focus from its long-standing cash generator ethanol into developing new food ingredients as the biofuel boom that underpinned its financial success has cooled. "Coming up with new products is really what keeps us up at night," said Chris Cuddy, president of corn processing.

  • NEW YORK, May 22- U.S. If it continues, they will be ready to move later on this year, "said Todd Hedtke, vice president of investment management with Allianz Investment Management in Minneapolis. Fed Chair Janet Yellen, in a speech to a business group in Providence, Rhode Island, said a rate increase would be appropriate this year if the economy shows further...

  • NEW YORK— A $19 million deal between Target and MasterCard to settle lawsuits stemming from the retailer's massive pre-Christmas 2013 data breach has been scrapped, because it failed to get enough support from the affected banks and credit unions. MasterCard Inc. would only say Friday that not enough issuers approved the deal. Minneapolis- based Target...

  • Nevertheless, total egg production rose slightly in April, supported by a greater output of eggs for hatching into meat-producing birds and more egg-laying hens, the USDA reported. The USDA's Animal and Plant Health Inspection Service has since confirmed cases in 54 Iowa flocks containing more than 26 million birds, most of them egg-laying hens.

  • May 22- A proposed $19 million settlement between MasterCard Inc and Target Corp over the retailer's 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The lead lawyers for the banks had argued that the settlement with MasterCard, which was not a party to the lawsuit, was an attempt to undercut their...

  • IRETON, IOWA/ CHICAGO, May 21- Measures to control the worst bird flu outbreak in U.S. history are not being enforced at several farms at its epicenter in northwestern Iowa, potentially increasing the risks that the disease could spread further, spot checks by Reuters show. In visits to six affected sites in Iowa last week, a Reuters reporter found procedures at...

  • CHICAGO, May 21- Rembrandt Enterprises, one of the top U.S. egg producers, said on Thursday it would temporarily cut 39 full-time employees, after the company's poultry facilities in Renville, Minnesota, tested positive for the fast-spreading avian influenza virus. Rembrandt's Renville plant has been quarantined by the Minnesota Board of Animal Health, the...

  • REMBRANDT ENTERPRISES TO TEMPORARILY LAY OFF 39 WORKERS AT MINNESOTA EGG FACILITY DUE TO BIRD FLU.

  • MINNEAPOLIS— Minnesota notched six straight days without a new case of bird flu on Thursday, and though state officials aren't ready to say the outbreak is over, they're beginning to stand down. The first case of H5N2 in the Midwest was confirmed in early March at a Minnesota turkey farm, and the virus then spread to 88 farms in the country's top turkey producing...

  • IRETON, IOWA/ CHICAGO, May 21- Measures to control the worst bird flu outbreak in U.S. history are not being enforced at several farms at its epicenter in northwestern Iowa, potentially increasing the risks that the disease could spread further, spot checks by Reuters show. In visits to six affected sites in Iowa last week, a Reuters reporter found procedures at...

  • YOUR MONEY-In defense of the courthouse wedding Thursday, 21 May 2015 | 9:30 AM ET

    NEW YORK, May 21- When Scott Oeth was thinking about proposing to his girlfriend, Linda Hardin, he knew the stats. That's when the Minneapolis financial planner thought, No way. More newlyweds seem to be thinking like Scott Oeth and Linda Hardin.

  • Toro posts 2Q profit Thursday, 21 May 2015 | 8:39 AM ET

    BLOOMINGTON, Minn. _ Toro Co. on Thursday reported fiscal second-quarter net income of $93.8 million. On a per-share basis, the Bloomington, Minnesota- based company said it had profit of $1.64. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Patterson Cos. beats Street 4Q forecasts Thursday, 21 May 2015 | 7:18 AM ET

    ST PAUL, Minn. _ Patterson Cos. on Thursday reported fiscal fourth-quarter profit of $64.5 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share. Patterson Cos. expects full-year earnings in the range of $2.40 to $2.60 per share.

  • RICHFIELD, Minn.— Best Buy's stock jumped in trading Thursday after its first-quarter sales and profit managed to top analysts' expectations. It was only a few years ago that critics were about to write Best Buy's obituary, questioning how a big-box retailer could compete in a shifting landscape where shoppers are increasingly researching products at big...

  • Donaldson tops 3Q profit forecasts Thursday, 21 May 2015 | 7:09 AM ET

    MINNEAPOLIS _ Donaldson Co. on Thursday reported fiscal third-quarter profit of $46.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Four analysts surveyed by Zacks expected $568.9 million.

  • CHICAGO, May 20- Hormel Foods' chief executive cast doubt on federal forecasts for as much as 4 percent increase in turkey meat production on Wednesday, due to a devastating outbreak of avian flu that has "significantly challenged" its Jennie-O Turkey Store business. To date, the outbreak has led to the deaths or scheduled euthanizations of more than 38 million...

  • May 20- Hormel Foods Corp, the maker of Spam lunch meat, said it expected sales at its Jennie-O Turkey Store business to fall about 15 percent in the second half of the year, due to a supply shortfall caused by an avian flu outbreak in the United States. However, shares of the company, which reported a better-than-expected second-quarter profit and reaffirmed its...

  • Evine reports 1Q loss Wednesday, 20 May 2015 | 8:15 AM ET

    MINNEAPOLIS _ Evine Live Inc. on Wednesday reported a fiscal first-quarter loss of $4.7 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Three analysts surveyed by Zacks expected $164.6 million.

  • Target beats Street 1Q forecasts Wednesday, 20 May 2015 | 8:15 AM ET

    MINNEAPOLIS _ Target Corp. on Wednesday reported fiscal first-quarter profit of $635 million. Ten analysts surveyed by Zacks expected $17.08 billion. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.12.

  • Target beating Wal-Mart in race for turnaround Wednesday, 20 May 2015 | 8:02 AM ET

    NEW YORK— Target is beating Wal-Mart in the race to beef up sales. That's in contrast with rival Wal-Mart, which missed Wall Street estimates with its earnings report a day earlier. Both saw their third straight quarters of increases for a key sales measurement, but Target's pace was roughly double that of Wal-Mart.