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Top News & Analysis Minnesota

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  • Trucker CH Robinson's 3Q profit up 2 percent Tuesday, 23 Oct 2012 | 5:02 PM ET

    MINNEAPOLIS-- Trucking company C.H. Robinson Worldwide Inc. said Tuesday that third-quarter earnings rose 2 percent as higher costs held down margins and revenue fell short of expectations. Net income was $116.3 million, or 72 cents per share, compared with $114.3 million, or 70 cents per share, a year earlier.

  • News Summary: Target sells credit card business Tuesday, 23 Oct 2012 | 4:35 PM ET

    NEW YORK-- TARGET'S CREDIT CARD SALE: Target reached a deal to sell its entire consumer credit card business to TD Bank Group, ending an almost two-year search for a buyer. THE DETAILS: The discounter, based in Minneapolis, said the sale price is equal to the gross value of the outstanding receivables at the time of closing.

  • Xcel's Prairie Island unit down for maintenance Tuesday, 23 Oct 2012 | 1:09 PM ET

    RED WING, Minn.-- One of the two units at Xcel Energy Inc.' s Prairie Island nuclear power plant near Red Wing is temporarily out of service. Xcel says about 600 contractors are helping Prairie Island staff do maintenance tasks and replace one-third of the unit's fuel. Each of the two reactors at Prairie Island is refueled about once every 18 months.

  • Goodell: NFL could drop Pro Bowl Tuesday, 23 Oct 2012 | 11:41 AM ET

    NEW YORK-- The NFL will consider dropping the Pro Bowl if the level of play doesn't improve, Commissioner Roger Goodell said Monday night. Appearing on SiriusXM NFL Radio's " Town Hall," Goodell agreed with host Michael Strahan that last January's Pro Bowl "was embarrassing."

  • Sept. a good month for Wis., Minn. dairy farmers Tuesday, 23 Oct 2012 | 10:51 AM ET

    MADISON, Wis.-- September was a good month for dairy farmers in Wisconsin and Minnesota, where gains in milk production were among the best in the nation. The U.S. Department of Agriculture says Wisconsin harvested 2.2 billion pounds last month. Wisconsin is the nation's second-leading milk producer behind California.

  • NYC's Bloomberg: $500K to gay marriage campaigns Tuesday, 23 Oct 2012 | 10:02 AM ET

    NEW YORK-- New York City Mayor Michael Bloomberg is poised to spend $500,000 of his personal fortune on gay marriage campaigns in Maine, Minnesota and Washington state, he said Monday, following up on a major political spending push the billionaire businessman-turned-politician announced last week.

  • Target to sell credit card business to TD Bank Tuesday, 23 Oct 2012 | 8:56 AM ET

    NEW YORK-- Target Corp. on Tuesday said it reached a deal to sell its entire consumer credit card business to TD Bank Group, ending an almost two-year search for a buyer. The two companies also entered into a seven-year pact under which TD Bank will underwrite, fund and own future Target credit card and Target Visa receivables in the U.S.

  • Wal-Mart makes push on Target's Minnesota turf Saturday, 20 Oct 2012 | 7:55 PM ET

    ST. PAUL, Minn.-- Target Corp. may be headquartered in Minneapolis, but that's not stopping Wal-Mart Stores Inc. from making an aggressive push in its rival's home state.

  • Unions shift political might to state, local races Saturday, 20 Oct 2012 | 11:31 AM ET

    WASHINGTON-- Unions are shifting more of their political resources to state and local races this year as they try to head off passage of laws that could undermine bargaining rights, make it harder to organize or reduce their political muscle. In Maine and Minnesota, labor leaders hope to overturn Republican majorities in state legislatures.

  • Unions focus more on state and local races Saturday, 20 Oct 2012 | 3:28 AM ET

    WASHINGTON-- Unions are shifting more of their political resources to state and local races this year as they try to head off passage of laws that could undermine bargaining rights, make it harder to organize or reduce their political muscle. In Maine and Minnesota, labor leaders hope to overturn Republican majorities in state legislatures.

  • Earnings Preview: Delta Air Lines to report for 3Q Friday, 19 Oct 2012 | 7:28 PM ET

    On Thursday, Southwest Airlines said demand _ and pricing _ for business travelers grew weaker in September. Revenue seemed to be rebounding this month, Southwest said. But nothing quite says "ka-ching" like $981 for a short-notice round-trip ticket from Minneapolis to New York.

  • 3 bank failures bring US 2012 total to 46 Friday, 19 Oct 2012 | 7:26 PM ET

    WASHINGTON-- Regulators on Friday closed two small banks in Florida and one in Missouri, bringing to 46 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. seized GulfSouth Private Bank and First East Side Savings Bank, both in Florida. Regulators also shuttered Excel Bank in Missouri.

  • Bank failures in Florida brings 2012 total to 45 Friday, 19 Oct 2012 | 7:06 PM ET

    WASHINGTON-- Regulators say they have closed two small banks in Florida, bringing to 45 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. seized GulfSouth Private Bank, based in Destin, and First East Side Savings Bank, based in Tamarac. GulfSouth had about $159.1 million in assets and $151.1 million in deposits as of June 30.

  • Unemployment rates in US states, at a glance Friday, 19 Oct 2012 | 3:38 PM ET
  • Economic index jumps for Midwest, Western states Friday, 19 Oct 2012 | 11:29 AM ET

    OMAHA, Neb.-- An index of economic conditions in 10 Midwest and Western states jumped this month after three months of drought-induced doldrums. "Our survey indicates that the negative impacts of the drought are being more than offset by the positives of very strong incomes from high agriculture and energy prices," said Creighton University economist Ernie Goss.

  • Drought strains Minnesota's water resources Friday, 19 Oct 2012 | 10:22 AM ET

    MINNEAPOLIS-- Drought conditions are straining water supplies in the Land of 10,000 Lakes, leading Minnesota officials on Thursday to urge residents to cut back on their water use. "We're encouraging all nonessential uses to really be curtailed and stopped," Department of Natural Resources official Dave Leuthe said during a conference call with reporters. "

  • Dust storm shuts down interstate in northern Okla. Friday, 19 Oct 2012 | 8:50 AM ET

    In a scene reminiscent of the Dust Bowl days, choking dust suspended on strong wind gusts shrouded Interstate 35, which links Dallas and Oklahoma City to Kansas City, Mo. Video from television station helicopters showed the four-lane highway virtually disappearing into billowing dust on the harsh landscape near Blackwell, plus dozens of vehicles scattered in the median and on the shoulders.

  • FDA: Fungus in tainted steroids and patients match Friday, 19 Oct 2012 | 8:11 AM ET

    NEW YORK-- The fungus found in tainted steroid shots matches the one behind the national meningitis outbreak that has killed 20 people, federal health officials said Thursday.

  • Smucker's Uncrustables sold to schools recalled Thursday, 18 Oct 2012 | 6:24 PM ET

    MINNEAPOLIS-- Officials have told school lunch programs across the country to check to see whether they have any Smucker's Uncrustables sandwiches that might contain peanut butter made by a New Mexico company that is being recalled because of potential salmonella contamination.

  • Correction: Earns-Select Comfort story Thursday, 18 Oct 2012 | 3:16 PM ET

    MINNEAPOLIS-- In a story Oct. 17 about Select Comfort's Corp.' s earnings, The Associated Press reported erroneously that the company expects fourth-quarter sales to grow at least 20 percent, which would result in 2012 revenue of about $927.3 million. Select Comfort shares slip on plans for bigger spending.