Amid a soft economy, one pocket of America is doing very well—the Twin Cities of Minneapolis and St. Paul, Minnesota. What's their secret sauce?» Read More
The audit by the Treasury inspector general for tax administration says the IRS needs to do a better job policing the tax.
Aug 19- Medtronic Inc Chief Executive Omar Ishrak defended his company's plan to acquire Dublin- based Covidien Plc in a so-called inversion deal, saying the medical device maker will be able to create more U.S. jobs while still paying substantial taxes once the transaction closes.
He was indicted along with his former boss, Peanut Corporation of America owner Stewart Parnell, and two others. It also charges Stewart Parnell and the plant's quality assurance manager, Mary Wilkerson, with obstructing justice.
MINNEAPOLIS— Medtronic Inc. on Tuesday reported net income that declined by nearly 9 percent in its fiscal first quarter, and beat analysts' expectations. The Minneapolis- based company said earnings decreased to $871 million, or 87 cents per share, from $953 million, or 93 cents per share, in the same quarter a year ago.
Aug 19- Medtronic Inc reported the strongest quarterly U.S. sales growth for its medical devices in five years and said it was committed to completing the acquisition of Irish-domiciled Covidien Plc by the end of the year or early 2015.. Minneapolis- based Medtronic also confirmed its full-year profit and revenue outlook on Tuesday.
WASHINGTON— Washington may be a sea of dysfunction, but the current Congress is offering a few reminders about how a bill becomes a law: compromise. However, when it came to improving veterans' health care, overhauling job training programs, authorizing water projects and "unlocking" cellphones for use in other networks, Congress managed to get the job done.
NEW YORK— A data breach at Supervalu may have impacted as many as 200 of its grocery and liquor stores and potentially affected retail chains recently sold by the company in two dozen states.
TORONTO, Aug 15- More than eight months after an extreme winter began snarling North American rail traffic, a Reuters analysis of industry data shows delays lingering, raising the risk of a second winter of chaos on the rails.
CHICAGO, Aug 14- A research study has shown for the first time that livestock feed can carry a virus that has killed about 13 percent of the U.S. hog herd, the study's lead author said, confirming suspicions among farmers and veterinarians battling outbreaks.
ALBANY, Ga.— A former manager of a south Georgia peanut processing plant blamed for a deadly salmonella outbreak lied to federal investigators to protect the company he worked for but decided to come clean after realizing how many people had been sickened, he testified Thursday.
SYDNEY- RBA Payments Policy Department senior manager Jenny Hancock will participate in a panel discussion at the Risk Australia Conference, Sydney.
NEW YORK, Aug 13- The millions of Americans that use propane to heat their homes, dry crops or keep livestock warm expect another tough winter this year as a fragmented supply network of pipelines, trains and trucks struggles to keep pace with spiking demand.
*Safe-haven bids persist on tension in Gaza, Iraq and Ukraine U.S. retail sales flat in July, miss forecast of modest growth. NEW YORK, Aug 13- U.S. You see bonds rallying a bit, "said Craig Dismuke, chief economic strategist at Vining Sparks in Memphis, Tennessee.
WORTHINGTON, Minn.— The federal government predicts Minnesota farmers will produce 1.34 billion bushels of corn this year, up 40 million bushels from last year, yet bad weather early in the season and low prices will put the squeeze on profits for the state's producers.
China has barred pork imports from six U.S processing plants and six cold storage facilities effective on Wednesday.
TORONTO, Aug 12- Target Corp is repairing the supply chain problems it holds largely responsible for last year's botched Canadian expansion and expects to show measurable progress on a turnaround by this fall, its top executive in Canada said on Tuesday.
DES MOINES, Iowa— Farmers will produce a record-breaking corn harvest this year, surpassing earlier expectations of the U.S. Department of Agriculture, which on Tuesday revised upward its estimate of this year's corn crop to 14 billion bushels to exceed last year's 13.9 billion bushel record.
Samuel Lightsey continued testifying as a prosecution witness against his former boss at Peanut Corp. of America, Stewart Parnell, and two others. The first time he ever saw a positive test for salmonella was in August 2008, not long after he joined Peanut Corporation, he said.
NEW YORK— NEW YORK— Wal-Mart thought shoppers would like the opportunity to use a smartphone app to scan items they want to buy as they walk through store aisles. But customers couldn't figure out how to work the "Scan& Go" app during tests in 200 stores, so Wal-Mart nixed it.
Sept. 2007: Revel Entertainment and partner Morgan Stanley file plans for a new casino and 3,800 hotel rooms. July 31, 2008: A plane crash in Minnesota kills three executives of Revel Entertainment and its builder, Tishman Construction.