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
WASHINGTON, July 30- Under Democratic President Barack Obama, the U.S. NLRB General Counsel Richard Griffin announced on Tuesday that McDonald's, not just its franchisees, can be liable for alleged labor law violations.
NEW YORK— Cargill plans to close a Milwaukee beef-processing plant which employs about 600 people on Friday due to a shortage of cattle. A Midwest drought in 2011 and 2012 hurt cattle levels, said Cargill spokesman Mike Martin. The Milwaukee plant slaughters live cattle and packages beef products.
ALBANY, Ga.— The trial of three people charged in a deadly salmonella outbreak linked to a southwest Georgia peanut plant could keep jurors tied up for more than two months, the trial judge said Wednesday.
WASHINGTON— In a story July 29 about consumer debt reported to collection agencies, The Associated Press erroneously indicated that 80 percent of Americans have no debt on file. The study released Tuesday by the Urban Institute found that 20 percent of Americans with credit records have no debt on file.
FARGO, N.D.— American Crystal Sugar Co. CEO David Berg should testify in a federal lawsuit pitting the refined sugar manufacturers against the corn syrup industry, a federal judge ruled Wednesday after presiding over a hearing in the case. Berg argued that American Crystal Sugar did not participate in the lawsuit and he could not offer relevant information.
July 30- Oil and natural gas producer Hess Corp said it plans to form a publicly traded master limited partnership comprising its pipeline and storage assets in North Dakota's Bakken oil shale field. Hess said it expected the MLP to file a registration statement with the U.S. Securities and Exchange Commission in the fourth quarter.
The Florida- based software provider ExamSoft Worldwide Inc. said the processing problem created a six-hour backlog that had been cleared by early Wednesday morning.
MINNEAPOLIS— Buffalo Wild Wings Inc. on Tuesday reported profit that increased by 44 percent in its second quarter, and topped analysts' expectations. The Minneapolis- based company said earnings rose to $23.7 million, or $1.25 per share, from $16.5 million, or 88 cents per share, in the same quarter a year earlier.
TAVARES, Fla.— When Arun and Usha Pancholi were deciding where to spend their retirement years, they wanted a place that combined the culture and camaraderie of life in India with the comforts and conveniences they had grown accustomed to after nearly five decades in Minnesota and Ohio.
WASHINGTON— More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
*By invoking 1969 law, Obama could bypass Congress- former Treasury official. *Treasury Secretary Lew renews call for urgent action by U.S. Congress.
NEW YORK— As a transgender woman who began her transition about a year ago, Kylie Jack is still figuring out her fashion style, but she wanted one thing right away: well-fitting bras. Friends recommended Petticoat Fair in Austin, Texas, where she lives.
WASHINGTON, July 28- President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday.
PLYMOUTH, Minn.— Arctic Cat Inc. on Friday reported profit that decreased by 35 percent in its fiscal first quarter, and beat analysts' expectations. The Plymouth, Minnesota- based company said earnings fell to $3.6 million, or 27 cents per share, from $5.5 million, or 40 cents per share, in the same quarter a year ago.
Gregg Jarrett, 59, entered his plea by petition and didn't appear in Hennepin County District Court. Fox News did not immediately return emails seeking comment Friday. At the time of his arrest, Fox News released a statement saying Jarrett was dealing with serious personal issues.
At least eight European law firms are pitching their services to major U.S. law firms and Wall Street banks, hoping that U.S. companies considering an inversion choose Ireland, Britain or the Netherlands for their new tax domicile, according to people with knowledge of the matter.
EDEN PRAIRIE, Minn.— SuperValu Inc. on Thursday reported profit that decreased by 49 percent in its fiscal first quarter after receiving a large tax benefit a year ago. The Eden Prairie, Minnesota- based company said net income declined to $43 million, or 17 cents per share, from $85 million, or 34 cents per share, in the same quarter a year earlier.
ST. PAUL, Minn.— 3 M's second-quarter profit jumped 6 percent as sales surged across all its businesses. The maker of Post-it notes, industrial coatings and ceramics posted net income of $1.27 billion, or $1.91 per share, in the quarter ending June 30, compared with $1.2 billion, or $1.71 per share, in the same quarter a year ago.
*General Dynamics, Northrop beat profit estimates. *General Dynamics reports higher aerospace orders. July 23- U.S. weapons makers General Dynamics Corp and Northrop Grumman Corp raised their 2014 profit forecasts as cost cutting allowed them to improve profitability even as defense spending by the U.S. government remained low.
CHICAGO, July 23- As U.S. farmers turn in record grain crops this autumn, many will have a powerful new tool- giant sausage-shaped storage bags- to help them avoid the lowest prices in years and gain more control over trade with giants such as Cargill Inc..