Top News & Analysis Minnesota

  • NEW YORK— Target says it is promoting Rick Gomez to executive vice president and chief marketing officer as the Minneapolis discounter looks to reverse traffic declines at its stores. Gomez, who joined Target in 2013 as senior vice president of marketing, succeeds Jeff Jones effective Jan. 29. He will report to CEO and Chairman Brian Cornell.

  • *Soybeans snap four-day rally on Argentina rain risks. Chicago Board of Trade March wheat futures settled down 7-1/ 2 cents at $4.23-1/ 2 per bushel. March soybeans ended down 4-3/ 4 cents at $10.70-1/ 4 a bushel while March corn rose 1-1/ 4 cents at $3.66-1/ 4 a bushel.

  • WASHINGTON, Jan 19- TCF National Bank was on Thursday accused of "tricking consumers" into costly overdraft services in a lawsuit by the U.S. Consumer Financial Protection Bureau. According to the lawsuit, Minnesota- based TCF National Bank wrongly pushed customers into a costly overdraft protection that generated hundreds of millions of dollars in revenue.

  • WASHINGTON, Jan 19- The U.S. Consumer Financial Protection Bureau on Thursday said it has sued TCF National Bank for allegedly "tricking consumers" into paying for costly overdraft services in violation of current laws.

  • Rick Perry, tapped by President-elect Donald Trump to head the Energy Department, vowed to be an advocate for an agency he once pledged to eliminate and promised to rely on federal scientists, including those who work on climate change. Perry told a Senate committee on Thursday that he regrets his infamous statement about abolishing the department and...

  • ST PAUL, Minn. _ H. B. Fuller Co. on Wednesday reported fiscal fourth-quarter net income of $39.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share. H. B. Fuller expects full-year earnings in the range of $2.57 to $2.77 per share.

  • Mallinckrodt's share price dropped sharply to just under $43 from above $49 on a report Wednesday, which proved incorrect, that the FTC would sue Mallinckrodt. Questcor was acquired by Mallinckrodt in 2014.. Acthar, which is off patent, represented 34 percent of Mallinckrodt's $3.4 billion in net sales for fiscal 2016, the company said in a government filing.

  • EDEN PRAIRIE, Minn. _ NVE Corp. on Wednesday reported fiscal third-quarter earnings of $3.5 million. On a per-share basis, the Eden Prairie, Minnesota- based company said it had net income of 72 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • BLOOMINGTON, Minn.— The Mall of America plans to continue showing movies, but in a renovated space that offers oversized reclining chairs, gourmet food and wines and cocktails. The Star Tribune reported Wednesday that CMX, a subsidiary of Mexico City- based Cinemex, is building a 64,000- square-foot movie theater at the Minnesota mall. Information from: Star...

  • Neel Kashkari

    The Federal Reserve is launching a research institute to generate ideas elected officials might use to help more Americans benefit from a growing economy, Minneapolis Fed President Neel Kashkari said on Wednesday.

  • WASHINGTON— The U.S. economy grew a bit faster at the end of last year, spurred by healthier sales for manufacturers and steady hiring that is slowly pushing up wages. Growth was slight in the Cleveland district and largely unchanged in New York. Consumers stepped up their shopping in most districts, the report found, though holiday sales disappointed in the...

  • American Airlines announced Wednesday that passengers will be able to buy "basic economy" tickets starting next month that will be similar to bare-bones fares already offered by Delta Air Lines and soon to be matched by United Airlines. On randomly chosen flights next month on Delta, the basic-economy price ranged from $7 to $25 cheaper than a regular economy...

  • NEW YORK— Target cut its fourth-quarter profit and sales outlook after sluggish holiday traffic in its stores and weak sales in key areas like electronics and food offset a surging online business. Macy's, Sears and others have announced store closings and layoffs. The Minneapolis- based discounter said the costs associated with bolstering its online...

  • WINONA, Minn. _ Fastenal Co. on Wednesday reported fourth-quarter earnings of $114.8 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Fastenal shares have climbed roughly 3 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 1...

  • MINNEAPOLIS _ U.S. Bancorp on Wednesday reported fourth-quarter profit of $1.48 billion. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share. U.S. Bancorp shares have decreased 2 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more than 1 percent.

  • DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in a panel before the University of Texas at Austin 2017 Business Forecast- 1400 GMT. SAN FRANCISCO, United States- Federal Reserve Chair Janet Yellen speaks on "The Goals of Monetary Policy and How We Pursue Them" before the Commonwealth Club- 2000 GMT.

  • NEW YORK— U.S. Bank Chairman and CEO Richard Davis announced Tuesday that he will retire from his job as head of one of the nation's largest regional banks. He will be replaced by Andy Cecere, who is currently president and chief operating officer at U.S. Bank. Davis became CEO of U.S. Bank in December 2006, on the eve of the financial crisis and Great Recession.

  • MINNEAPOLIS _ UnitedHealth Group Inc. on Tuesday reported fourth-quarter net income of $1.9 billion. UnitedHealth expects full-year earnings in the range of $9.30 to $9.60 per share, with revenue in the range of $197 billion to $199 billion. UnitedHealth shares have climbed 1 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • WASHINGTON, United States- Federal Reserve Board Governor Lael Brainard speaks on monetary and fiscal policy before the Brookings Institution- 1500 GMT. WASHINGTON- Federal Reserve Board Chair Janet Yellen will host a webcast townhall meeting with educators from across the country and participate via webcast from Federal Reserve Bank offices throughout...

  • WASHINGTON, United States- Federal Reserve Board Governor Lael Brainard speaks on monetary and fiscal policy before the Brookings Institution- 1500 GMT. WASHINGTON- Federal Reserve Board Chair Janet Yellen will host a webcast townhall meeting with educators from across the country and participate via webcast from Federal Reserve Bank offices throughout...