Twenty-two percent of American children were living in poverty in 2013 compared with 18 percent in 2008, according to the latest Kids Count Data Book.» Read More
NEW YORK-- Shares of Best Buy Co. continued to slide Thursday, a day after the struggling electronics retailer slashed its guidance for the year and announced the departure of two key executives as part of a turnaround push.
MINNEAPOLIS-- Three companies submitted bids to explore and mine for copper, nickel and other metals in Minnesota's latest mineral rights auction, the Department of Natural Resources said Wednesday.
WASHINGTON-- Medical device maker Medtronic Inc. helped write and edit medical journal articles attributed to outside physicians, which downplayed the risks of the company's best-selling bone graft, according to a report by Senate investigators.
MINNEAPOLIS-- Arctic Cat Inc. said Thursday its fiscal second-quarter net income rose 17 percent on demand for new recreational vehicles. Arctic Cat began shipping its new 2013 model year all-terrain and recreational vehicles during the quarter.
PIERRE, S.D.-- South Dakota State University is getting its first commitments from donors to help build a proposed $7 million facility that will be used for teaching and research about hogs. The SDSU Foundation says First Bank and Trust, which operates in eastern South Dakota and southwestern Minnesota, has committed $250,000 to the project.
*Brazil, Argentina grab US market share. Major importers in Asia, including South Korea, Taiwan and top buyer Japan, have turned away from the United States as U.S. corn prices soared to record highs this summer, buying feed from South America and producers in the Black Sea region.
NEW YORK-- Best Buy said Wednesday two executives, including its U.S. president, are leaving the company as it eliminates the most senior level of its U.S. operations, the latest move by CEO Hubert Joly to turn around the struggling electronics chain. Shares of Best Buy fell 7.5 percent in after-hours trading.
MINNEAPOLIS-- Ameriprise Financial Inc. said Wednesday its third-quarter net income dropped nearly in half as the company recalculated how much its insurance and annuities were worth.
MINNEAPOLIS-- Legislation that allowed local governments to direct excess property tax dollars from tax-increment financing districts into other private developments was supposed to kick-start construction hiring in Minnesota, but an examination published Wednesday found evidence of job creation was spotty at best, even as many companies cashed in on the new law.
Buffalo Wild Wings Inc.' s shares plunged Wednesday following a disappointing third-quarter financial report from the restaurant chain, and forecast slower profit growth. Buffalo Wild Wings said it expects its earnings to increase 15 percent for 2012 and 20 percent in 2013. That's slower than last year, when the company's net income grew 31 percent.
Oct 24- Victims of a deadly U.S. meningitis outbreak are starting to sue the physicians and clinics that administered tainted steroid shots, and the success of the suits could hinge on whether judges decide the injections are subject to product liability or medical malpractice laws.
MINNEAPOLIS-- Buffalo Wild Wings Inc.' s shares fell in after-hours trading Tuesday after the restaurant chain reported a 5 percent decline in its fiscal third-quarter profit, which missed market expectations. That's down from $11.3 million, or 61 cents per share, in the same quarter last year.
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.
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.
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.
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."
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.
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.
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.
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.