GO
Loading...

Minnesota

More

  • Best Buy beats Street 3Q forecasts Thursday, 20 Nov 2014 | 7:06 AM ET

    RICHFIELD, Minn.— RICHFIELD, Minn.— Best Buy Co. on Thursday reported fiscal third-quarter profit of $107 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Analysts expected $9.09 billion, according to Zacks.

  • Donaldson misses Street 1Q forecasts Thursday, 20 Nov 2014 | 6:06 AM ET

    MINNEAPOLIS _ Donaldson Co. on Thursday reported net income of $55.9 million in its fiscal first quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Analysts expected $621.4 million, according to Zacks.

  • Nov 20- A U.S. court has denied a request by Indian drugmaker Ranbaxy Laboratories Ltd to stop competitors from launching copies of AstraZeneca Plc's heartburn pill Nexium and Roche's antiviral Valcyte, a court filing showed. Ranbaxy had sought the restraining order against Dr Reddy's Laboratories and U.S. firm Endo International Plc in a lawsuit it filed...

  • Nov 19- U.S. Bank, sued by the government last year for allegedly aiding a massive fraud at brokerage Peregrine Financial, must face claims for nearly $36 million in restitution to Peregrine's victims, a federal judge in Iowa ruled. U.S. Bank, part of Minneapolis- based U.S. Bancorp, was sued last year by the U.S. Commodity Futures Trading Commission for allegedly...

  • MNsure sees spike in visits since workweek began Wednesday, 19 Nov 2014 | 4:02 PM ET

    ST. PAUL, Minn.— Minnesota's health insurance exchange has seen a spike in consumer visits in its first workweek since open enrollment began last weekend but is handling the load well, officials said Wednesday. MNsure CEO Scott Leitz told the board of directors there had been no major technical issues and no unplanned downtime since the system went live Saturday...

  • *May close Bloom Lake mine in Quebec. Nov 19- Cliffs Natural Resources Inc said it may have to close its Bloom Lake iron ore mine in Quebec at a cost of $600 million to $700 million as it struggles to find investment to expand the project. Analysts said the cost of shutting down Bloom Lake, which Cliffs expects to recognize over five years, was a major concern for...

  • APNewsBreak: Vascular Solutions subsidy scrapped Wednesday, 19 Nov 2014 | 11:31 AM ET

    The Department of Employment and Economic Development scrapped a potential $800,000 package tied to an expansion and hiring proposal put forth by Vascular Solutions. "DEED has decided to cancel our offer and will be withdrawing our economic development package for Vascular Solutions," agency spokesman Monte Hanson told the AP in an email.

  • Target rebounds in third quarter on solid sales Wednesday, 19 Nov 2014 | 8:39 AM ET

    NEW YORK— Target reported a 3.2 percent rise in its third-quarter profit, beating Wall Street expectations as shoppers spent more on beauty products and back-to-school fashions. Last year, Target had a solid start to the shopping season but a data breach disclosed a week before Christmas sent customers fleeing for months and hurt sales and profits.

  • UPDATE 2-Cliffs may close Bloom Lake iron ore mine Wednesday, 19 Nov 2014 | 8:37 AM ET

    *May close Bloom Lake mine in Quebec. Nov 19- Cliffs Natural Resources Inc said it may have to close its Bloom Lake iron ore mine in Quebec, weeks after it revealed that three "big steelmakers" were in talks to invest in the project. "Despite the continued interest of the prospective equity partners in Bloom Lake... the potential investment is not achievable within a time...

  • Target tops Street 3Q forecasts Wednesday, 19 Nov 2014 | 8:10 AM ET

    MINNEAPOLIS _ Target Corp. on Wednesday reported fiscal third-quarter net income of $352 million. Analysts expected $17.53 billion, according to Zacks. For the current quarter ending in January, Target expects its per-share earnings to range from $1.13 to $1.23.

  • Ryan to chair tax panel, a possible 2016 platform Tuesday, 18 Nov 2014 | 5:43 PM ET

    WASHINGTON— House Republican leaders chose Paul Ryan on Tuesday to head the powerful House Ways and Means Committee for the next two years, giving him a high-profile platform if he decides to run for president in 2016 or beyond. Jason Chaffetz of Utah to head the House Oversight Committee and Rep. Mac Thornberry of Texas to head the Armed Services Committee.

  • APNewsBreak: Vascular Solutions subsidy uncertain Tuesday, 18 Nov 2014 | 3:55 PM ET

    The Vascular Solutions' bid for a Minnesota Job Creation Fund award has been scheduled for a hearing Friday at the Department of Employment and Economic Development, which administers the program. Jon Austin, a spokesman for Vascular Solutions, said the indictment represents unproven allegations that the company believes are wrong. Vascular Solutions has a...

  • Medtronic meets Street; Covidien deal on track Tuesday, 18 Nov 2014 | 12:10 PM ET
    Medtronic's CoreValve Evolut

    Medtronic posted a profit that was in line with expectations and said its $42.9 billion purchase of hospital products maker Covidien remains on track.

  • Nov 18- Medtronic Inc posted a quarterly profit that was in line with analyst expectations, helped by sales of new heart devices, and said its $42.9 billion purchase of hospital products maker Covidien Plc remains on track to close early next year. But Medtronic executives said they remain fully committed to buying Dublin- based Covidien and are focused on...

  • Snowstorm halts corn harvest for some farmers Tuesday, 18 Nov 2014 | 11:32 AM ET

    ST. PAUL, Minn.— Minnesota farmers are nearing the end of the corn and sunflower harvests, but last week's snowstorm halted the harvest for some farmers. According to the U.S. Department of Agriculture, despite the storm and frigid temperatures, farmers were able to use 2.7 days suitable for fieldwork for the week ending Sunday to make progress on the corn and...

  • Minn. insurance exchange signs up more than 500 Tuesday, 18 Nov 2014 | 11:30 AM ET

    ST. PAUL, Minn.— A largely problem-free weekend rollout of Minnesota's health insurance exchange netted more than 500 enrollees, its executive director said Monday. With the memory of MNsure's long wait times and website woes from last year's launch still fresh, Scott Leitz said MNsure's website remained stable after year two of open enrollment began over the...

  • ValueVision beats 3Q profit forecasts Tuesday, 18 Nov 2014 | 8:12 AM ET

    MINNEAPOLIS _ ValueVision Media Inc. on Tuesday reported a loss of $808,000 in its fiscal third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share. Analysts expected $158.2 million, according to Zacks.

  • Medtronic meets 2Q profit forecasts Tuesday, 18 Nov 2014 | 7:24 AM ET

    MINNEAPOLIS— MINNEAPOLIS— Medtronic Inc. on Tuesday reported earnings of $828 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 96 cents per share. Medtronic expects full-year earnings in the range of $4 to $4.10 per share.

  • US pension insurer ran record $62B deficit in 2014 Monday, 17 Nov 2014 | 12:01 PM ET

    WASHINGTON— The deficit run up by the federal agency that insures pensions for about 41 million Americans has nearly doubled, to $62 billion. The $62 billion deficit reported for the year ended Sept. 30 compared with $36 billion in the previous fiscal year. Agency officials called for Congress to enact legislation submitted by President Barack Obama designed...

  • States working to fix hobbled health care websites Sunday, 16 Nov 2014 | 1:34 PM ET

    The Massachusetts website, designed by the same contractor that worked on the troubled federal website, performed so poorly it prompted a public apology from Gov. Massachusetts was one of several states where the ambition of running their own health insurance marketplace inside a new federal system ran into a harsh reality. Others, like Maryland and...