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Top News & Analysis Minnesota

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  • July 31- Many wealthy people struggle to talk to their children about how much money they have. A 2015 T. Rowe Price study of 1,000 parents found that 72 percent had at least some reluctance to talk to their kids about money. When kids are as young as 6, parents and advisers can start by helping them identify bills and coins and understand the purpose of money, said...

  • EDEN PRAIRIE, Minn. _ Datalink Corp. on Thursday reported second-quarter profit of $661,000. For the current quarter ending in September, Datalink expects its per-share earnings to range from 13 cents to 18 cents. Datalink shares have declined 47 percent since the beginning of the year.

  • NEW YORK— Medical device maker Abbott Laboratories said Thursday it has agreed to buy replacement heart valve maker Tendyne Holdings for $225 million, and has invested in a second company in the field. Tendyne is conducting a U.S. clinical trial of a product called the bioprosthetic mitral valve system and it plans to start a study in 2016 to support approval of...

  • Correction: Zimbabwe-Lion Killed-3 Things story Thursday, 30 Jul 2015 | 11:19 AM ET

    WASHINGTON— In a story July 29 about U.S. regulations and big game hunting, The Associated Press erroneously referred to The Human Society of the United States. It is The Humane Society of the United States. WASHINGTON— The U.S. Fish and Wildlife Service says it is ready to assist Zimbabwe in its investigation of an American dentist's killing of a protected African...

  • 3-D printer maker Stratasys withdraws full-year outlook Thursday, 30 Jul 2015 | 7:39 AM ET

    EDEN PRAIRIE, Minn.— Stratasys' second-quarter adjusted profit and revenue beat analysts' estimates, but the maker of 3- D printers cautioned on slower industry growth and withdrew its full-year outlook. Stratasys provided third-quarter guidance well below Wall Street's view. For the period ended June 30, Stratasys lost $22.9 million, or 55 cents per share.

  • United Taconite workers could be off the job 6 months Thursday, 30 Jul 2015 | 7:07 AM ET

    EVELETH, Minn.— More than 400 United Taconite employees on Minnesota's Iron Range are expected to be off the job for up to six months. Lower prices in an oversupplied steel market are blamed for the temporary layoffs in Eveleth and Forbes. The Star Tribune reports hundreds of workers remain on layoff at three other mining operations in Minnesota.

  • Lakes Entertainment reports 2Q loss Thursday, 30 Jul 2015 | 7:00 AM ET

    MINNETONKA, Minn. _ Lakes Entertainment Inc. on Thursday reported a second-quarter loss of $179,000, after reporting a profit in the same period a year earlier. Lakes Entertainment shares have risen 35 percent since the beginning of the year. Keywords: Lakes Entertainment, Earnings Report.

  • Xcel misses 2Q profit forecasts Thursday, 30 Jul 2015 | 6:39 AM ET

    MINNEAPOLIS _ Xcel Energy Inc. on Thursday reported second-quarter net income of $196.9 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • US agency says it is 'deeply concerned' about lion kill Wednesday, 29 Jul 2015 | 3:21 PM ET

    WASHINGTON— The U.S. Fish and Wildlife Service says it is ready to assist Zimbabwe in its investigation of an American dentist's killing of a protected African lion and will conduct its own probe. Laury Parramore of the Fish and Wildlife Service on Wednesday declined to say what the agency might do once it has more information. Police have not said whether Palmer...

  • With soybean yields largely determined in August and questions about the size of planted area, there is still uncertainty about the crop, said Terry Linn, analyst at The Linn Group in Chicago. Chicago Board of Trade August soybeans rose 10 cents or 1 percent to $9.84-3/ 4 a bushel at 9:56 a.m. CDT. September corn fell 5 cents or 1.3 percent to $3.70 a bushel, after...

  • HAMBURG/ SINGAPORE, July 29- U.S. wheat, corn and soybeans resumed their recent falls on Wednesday after rising on bargain-buying on Tuesday, with prices again around one-month lows as attention returned to the good U.S. harvest outlook. "Wheat, corn and soybeans are again weaker today as the market's attention has returned to the good U.S. crop prospects with near...

  • NEW YORK, July 29- When Matt and Jen Osmun opened their vape shop in Bethel, Connecticut, last December, they didn't expect to get a boost from the local medical marijuana outlet. "Sales are going really well, and getting better every month," said Jen Osmun, who started the business with her husband, a former plumber, after he was injured in an accident.

  • Corn futures continued to struggle, falling for six out of nine sessions as near-perfect weather weighed on prices while wheat slid under harvest pressure. *The USDA said 62 percent of the U.S. soybean crop was in good to excellent condition, same as last week, but below the previous year's 71 percent. *The USDA said 85 percent of the winter wheat crop has been...

  • Buffalo Wild Wings misses Street 2Q forecasts Tuesday, 28 Jul 2015 | 4:42 PM ET

    MINNEAPOLIS _ Buffalo Wild Wings Inc. on Tuesday reported second-quarter net income of $21.5 million. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share. Buffalo Wild Wings shares have fallen 5 percent since the beginning of the year.

  • C.H. Robinson tops 2Q profit forecasts Tuesday, 28 Jul 2015 | 4:33 PM ET

    EDEN PRAIRIE, Minn. _ C.H. Robinson Worldwide Inc. on Tuesday reported second-quarter net income of $137.2 million. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share. Nine analysts surveyed by Zacks expected $3.68 billion.

  • *Focus on corporate results eclipses China worry. *Twitter and Gilead up after the bell; Yelp drops. "The S&P has had five down days in a row and a lot of people are starting to nibble," said Michael Matousek, head trader at U.S. Global Investors Inc in San Antonio, which manages about $1 billion.

  • 2 injection wells shut down after Oklahoma quakes Tuesday, 28 Jul 2015 | 3:48 PM ET

    Stephens Production and Devon Energy each voluntarily closed one well, and Stephens reduced operations at another well by 50 percent, Oklahoma Corporation Commissioner Matt Skinner said. Earthquakes in the area recorded by the U.S. Geological Survey include a magnitude 4.5 quake at 1:12 p.m. Monday that is the strongest reported in the state so far this...

  • Minnesota nets extra $650M in health care savings Tuesday, 28 Jul 2015 | 3:07 PM ET

    ST. PAUL, Minn.— Minnesota booked nearly $650 million in savings by tweaking how it handles subsidized health care programs, state officials announced Tuesday. Health care costs were a major issue in the Legislature this year as GOP lawmakers sought drum up hundreds of millions in dollars in savings by weeding out fraud from the state's public programs and...

  • DES MOINES, Iowa— The U.S. government expects to spend $191 million to pay chicken and turkey farmers for birds lost to avian flu, Agriculture Secretary Tom Vilsack said Tuesday as he called for Congress to consider a disaster program for poultry producers similar to that for other livestock farmers. Iowa, Minnesota and Missouri lost the most birds.

  • *Baidu slumps after results miss expectations. China's top securities regulator said on Monday that Beijing would keep buying shares to stabilize the market, after the steepest decline in Chinese stocks in eight years. Baidu slumped as much as 17.7 percent to $162.72 after China's biggest Internet search company's quarterly profit missed estimates.