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Top News & Analysis Minnesota

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  • MINNEAPOLIS— General Mills is selling its Green Giant and Le Sueur vegetable businesses to B&G Foods Inc. for about $765 million in cash. General Mills is shifting its focus to cereal and yogurt, as well as driving sales for its small but growing organic and natural foods segment. The Minneapolis company— whose brands include Cheerios, Betty Crocker and...

  • AP survey: How cities are handling surge in oil trains Thursday, 3 Sep 2015 | 2:20 AM ET

    In the wake of a half-dozen fiery crashes this year, The Associated Press surveyed nearly a dozen cities with populations of more than 250,000 to gauge how prepared they are to respond to an oil-train derailment. —Variety of tabletop exercises and training exercises have taken place in and around Chicago involving railroads, first responders and government...

  • After a series of fiery crashes, The Associated Press conducted a survey of nearly a dozen big cities that, collectively, see thousands of tank cars each week, revealing a patchwork of preparedness. The AP surveyed emergency management departments in Chicago; Philadelphia; Seattle; Cleveland; Minneapolis; Milwaukee; Pittsburgh; New Orleans; Sacramento,...

  • As a result, the U.S. Environmental Protection Agency has urged Minnesota officials to propose a solution in the final version of the environmental review of the project, which has been in the works for 10 years and is due out later this year, the Star Tribune reported Wednesday. The problem, which was identified by scientists working for the Minnesota Chippewa...

  • Target lays off 235 in Twin Cities tech operations Tuesday, 1 Sep 2015 | 4:24 PM ET

    MINNEAPOLIS— Retail giant Target Corp. has laid off about 235 employees in its technology operations in the Twin Cities. The Star Tribune reports the retailer's information technology units had largely been spared in layoffs earlier this year that affected about 2,500 jobs, or about one-fifth of the workers in the company's corporate offices in...

  • Donaldson tops Street 4Q forecasts Tuesday, 1 Sep 2015 | 7:18 AM ET

    MINNEAPOLIS _ Donaldson Co. on Tuesday reported fiscal fourth-quarter profit of $56.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Four analysts surveyed by Zacks expected $595.2 million.

  • Boston mayor, city councilors seek hefty pay raises Monday, 31 Aug 2015 | 2:22 PM ET

    BOSTON— Boston's mayor and City Council are again looking for pay raises that could make them among the best compensated of comparable cities across the country. Mayor Marty Walsh filed a proposal Monday giving his office a $24,000 raise to $199,000 a year. Not to be outdone, City Council President Bill Linehan proposed to boost pay on the 13- member panel by...

  • Steelworkers plan to form a "practice picket line" on Tuesday at ArcelorMittal Minorca in Virginia, Minnesota. "People are a bit anxious now because it's coming down to the wire," said Harold Anderson, an ArcelorMittal electrician who has worked in the 310- employee Minorca taconite plant in Virginia for nearly eight years. Steel and ArcelorMittal— the world's...

  • GOLDEN VALLEY, Minn.— General Mills has set an ambitious goal of reducing its greenhouse gas emissions 28 percent by 2025— not just within its own operations but from farm to fork to landfill. CEO Ken Powell, in outlining the plan to The Associated Press ahead of the company's official announcement Monday, said General Mills is compelled to act because climate...

  • On Thursday the National Labor Relations Board ruled the owner of a California recycling plant was a "joint employer" with the contractor that hired workers at the plant, essentially forcing both to bargain with the union together or risk violating U.S. labor law. Unions see the decision as a breakthrough not just in efforts to help employees organizes at...

  • PIERRE, S.D.— The South Dakota tourism industry is surging this year, spurred on by good weather, low gas prices and landmark events such as the 75th Sturgis Motorcycle Rally, officials say. At the end of July, there were nearly $350 million in tourism taxable sales, which is more than 14 percent higher than the same period last year, according to information provided...

  • Aug 28- Wall Street was moderately lower on Friday afternoon after comments by a top Federal Reserve official suggested that a September rate rise was more likely than some investors expected. Many on Wall Street have hoped the recent global market turbulence and worries about China's economy would lead the Fed to hold off raising rates, an expectation...

  • ST. PAUL, Minn.— There were no quick answers Friday for UCare or Minnesota officials in the Minneapolis health care provider's case against the state, as a Minnesota judge said he'll decide sometime before a key deadline next week whether to give the company more time to win back its public health plan contracts. During the case's first hearing Friday, Ramsey...

  • EDINA, Minn.— Shares of Regis Corp. dropped 10 percent in morning trading on Friday after the hair salon owner reported a continued decline in quarterly revenue. The owner of hair salon chains Supercuts and MasterCuts said it had a loss of $2.6 million, or 5 cents per share. The Edina, Minnesota- based company revenue fell 4 percent to $462.9 million in the period.

  • Democratic Party lags in money before presidential year Thursday, 27 Aug 2015 | 11:17 AM ET

    MINNEAPOLIS— The Democratic National Committee barely has more cash than it does IOUs, and it is being outraised month after month by its Republican competitor. Its $24 million debt from the 2012 presidential election, only recently paid down, has squeezed investments in the next White House race. The Republican National Committee, coming out of years in the red,...

  • Rival insurers object to UCare's lawsuit against state Thursday, 27 Aug 2015 | 9:51 AM ET

    ST. PAUL, Minn.— Three major health insurers have urged a Minnesota court to deny a rival's efforts to force the state to allow it to retain its contracts to cover thousands of low-income residents, arguing that supporting that rival's request would be unfair and hurt their businesses. UCare sued state officials in Ramsey County court last week in an attempt to...

  • Patterson Cos. reports 1Q profit of $29.7 million Thursday, 27 Aug 2015 | 7:21 AM ET

    ST. PAUL, Minn.— Patterson Cos. on Thursday reported fiscal first-quarter profit of $29.7 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for adjusted earnings of 54 cents per share. Patterson Cos. expects full-year earnings in the range of $2.40 to $2.50 per share.

  • Greatbatch buying Lake Region Medical in $1.73B deal Thursday, 27 Aug 2015 | 7:03 AM ET

    FRISCO, Texas— Medical components maker Greatbatch is buying Lake Region Medical in a cash-and-stock deal valued at about $1.73 billion. Greatbatch Inc. will pay about $478 million in cash, assume approximately $1 billion of Lake Region Medical Inc.' s debt and issue 5.1 million shares of common stock and options to Lake Region Medical's shareholders.

  • Poor U.S. bond sales raise concerns about foreign demand Wednesday, 26 Aug 2015 | 7:40 PM ET

    Treasury auctions this week has bond mavens wondering if China and other emerging market central banks are spending their foreign exchange reserves at home to offset investor flight during market turbulence rather than buying U.S. debt. The selling pressure was pronounced enough to prompt prominent bond market players to wonder if these long-time buyers,...

  • But the USDA has yet to give the clearance that would allow any chicken sites in Iowa, the top egg-producing state, to bring in replacements. The USDA clears farms on a case by case basis after testing to make sure the virus has been eliminated. Minnesota and Iowa turkey farms, infected before some of the chicken farms, have begun restocking thanks to a faster cleanup...