Top News & Analysis Minnesota

  • 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...

  • PARIS- ECB policymakers Francois Villeroy de Galhau and Peter Praet to speak at a Bank of France's " Secular Stagnation and Growth Measurement Conference"- 0800 GMT. 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...

  • PARIS- ECB policymakers Francois Villeroy de Galhau and Peter Praet to speak at a Bank of France's " Secular Stagnation and Growth Measurement Conference"- 0800 GMT. 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...

  • SARATOGA SPRINGS, N.Y.— Bob Dylan would surely still recognize the low-ceilinged room in Caffe Lena where he played a couple of gigs almost 60 years ago. Dylan performed twice there early in his career, when the young singer born in Minnesota as Robert Zimmerman was just making his way onto New York City's folk scene. "It's a legendary place," said Jeff Place, archivist...

  • SIOUX FALLS, S.D.— Unable to find enough workers to carry out the painstaking tasks of milk production, dairy producers in South Dakota hope to tap into a different labor force: unemployed residents of Puerto Rico. South Dakota dairy farms produced 209 million pounds of milk in 2016, according to the National Agricultural Statistics Service.

  • PARIS- ECB policymakers Francois Villeroy de Galhau and Peter Praet to speak at a Bank of France's " Secular Stagnation and Growth Measurement Conference"- 0800 GMT. 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...

  • PARIS- ECB policymakers Francois Villeroy de Galhau and Peter Praet to speak at a Bank of France's " Secular Stagnation and Growth Measurement Conference"- 0800 GMT. 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...

  • West Des Moines- based Hy-Vee says a milk powder ingredient used in chocolate coating has the potential for contamination and the candy's manufacturer, Palmer Candy Co., announced a recall of some of its products. It includes chocolate almond bark, chocolate almond pretzels, dazzled peanut brittle, holiday candy trays and others fully listed on the FDA recall...

  • WASHINGTON- Federal Reserve Board Chair Janet Yellen will host a townhall meeting with educators from across the Country United States- 0000 GMT. TOKYO- Asian Development Bank President Takehiko Nakao delivers speech about the outlook for Asian economies and the role of ADB- 0800 GMT. STOCKHOLM- Riksbank Deputy Governor Henry Ohlsson talks about current...

  • WASHINGTON— Newly released transcripts show Federal Reserve officials were sharply divided in 2011 over whether the central bank should launch a program aimed at pushing long-term interest rates lower to spur economic growth. The central bank ended up adopting the program, dubbed "Operation Twist," at its September 2011 meeting by a 7-3 vote after what the...

  • CIRCLE PINES, Minn. _ Northern Technologies International Corp. on Thursday reported fiscal first-quarter net income of $298,000, after reporting a loss in the same period a year earlier. Northern Technologies expects full-year earnings to be 75 cents to 85 cents per share, with revenue in the range of $37.5 million to $39 million. Northern Technologies...

  • California, Maryland, Vermont and Illinois since 2014 have enacted statutes codifying the Affordable Care Act's contraception mandate in state law and expanding on the federal law's requirements. Democratic lawmakers in New York, Minnesota, Colorado and Massachusetts said they are pursuing similar measures this year, with Obamacare under mortal threat...

  • NAPLES, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before a panel at the American Council of Life Insurers Executive Roundtable- 1345 GMT. NAPLES, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on the economic outlook and monetary policy...