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Top News & Analysis Minnesota

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  • 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.

  • Life Time Fitness 3Q profit up on new members Thursday, 18 Oct 2012 | 1:42 PM ET

    CHANHASSEN, Minn.-- Life Time Fitness Inc. said Thursday that its third-quarter profit rose 19 percent as more people joined its gyms and spent more money at them. For the quarter ended Sept. 30, the Chanhassen, Minn.- based company earned $32.1 million, or 77 cents per share, up from $27 million, or 66 cents per share, in the same quarter last year.

  • House tea party icons face re-election challenges Thursday, 18 Oct 2012 | 1:18 PM ET

    Michele Bachmann's tendency to cause a ruckus on Capitol Hill made her a tea party sensation. Allen West of Florida, Steve King of Iowa and Joe Walsh of Illinois are all embroiled in tough and expensive races that are drawing plenty of spending by friends and foes from around the country.

  • Minn. gov promotes trade chief to lead econ agency Thursday, 18 Oct 2012 | 1:12 PM ET

    ST. PAUL, Minn.-- Minnesota Gov. Mark Dayton on Thursday appointed the director of the state Trade Office, who also worked on his 2010 campaign, as the new commissioner of the Department of Employment and Economic Development.

  • Minn. jobless rate ticks down to 5.8 percent Thursday, 18 Oct 2012 | 11:19 AM ET

    ST. PAUL, Minn.-- Minnesota's unemployment rate remains a full two percentage points better than the national average. Figures for September show the seasonally adjusted jobless rate for Minnesota fell to 5.8 percent, a tick lower than September.

  • North Dakota company buying 3 Nebraska dealerships Thursday, 18 Oct 2012 | 10:47 AM ET

    GRAND ISLAND, Neb.-- North Dakota- based Titan Machinery Inc. says it's buying three CaseIH agriculture equipment dealerships in Nebraska. Titan, of West Fargo, N.D., says it is acquiring Toner's Inc., which operates Toner's in Grand Island, Red Line Equipment in Broken Bow and Ord Equipment in Ord.

  • Two days after NHL offer, union set to have a say Thursday, 18 Oct 2012 | 10:01 AM ET

    On Tuesday, the NHL made its strongest, and most public, pitch yet to save a full season. "I hope we can get going ASAP," Red Wings defenseman Niklas Kronwall told The Associated Press on Wednesday. " Fehr met with the union to formulate a response, and in a letter to players and agents said the management plan would cost his members more than $1.6 billion over six years.

  • Supervalu sees 2Q loss, in active talks on options Thursday, 18 Oct 2012 | 9:33 AM ET

    NEW YORK-- Grocery store operator Supervalu lost money in its latest quarter, but the struggling company said it is in active discussions with several parties over a possible deal. Supervalu fired its CEO in July, replacing him with Chairman Wayne Sales to lead its turnaround effort.

  • LabCorp 3Q profit climbs 10 pct, forecast narrows Thursday, 18 Oct 2012 | 9:11 AM ET

    BURLINGTON, N.C.-- Laboratory Corp. of America posted a 10 percent rise in third-quarter earnings compared with last year during the same period, when the clinical lab was weighed down by the cost of several acquisitions. For the third quarter, LabCorp earned $148 million, or $1.53 per share.

  • Ahead of the Bell: US Bancorp upgraded on Q3 earns Thursday, 18 Oct 2012 | 9:03 AM ET

    U.S. Bancorp's relative strength in a tough quarter for many banks earned it an upgrade early Thursday, setting the stage for a second day of gains for the Minneapolis- based bank. U.S. Bancorp, the eighth-biggest American bank by assets, said Wednesday that its net income rose 14 percent in the third quarter.