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Top News & Analysis Minnesota

  • WASHINGTON/ ST LOUIS, March 21- U.S. banks should not cut ties with foreign clients over money- laundering worries unless officials have concrete cause for concern, a leading U.S. regulator is telling staff and lenders. The message has come through phone calls, speeches and an uncommon notice from the Office of the Comptroller of the Currency, the top regulator for...

  • WASHINGTON/ ST LOUIS, March 21- U.S. banks should not cut ties with foreign clients over money- laundering worries unless officials have concrete cause for concern, a leading U.S. regulator is telling staff and lenders. The message has come through phone calls, speeches and an uncommon notice from the Office of the Comptroller of the Currency, the top regulator for...

  • *Kansas, Cleveland Fed chiefs to speak later in the day. March 21- U.S. stocks reversed course to trade lower in late morning on Tuesday, pressured by a fall in bank shares. "People are absorbing the Fed decision and seeing what the impact from that will be," said Paul Springmeyer, investment managing director at the Private Client Reserve at U.S. Bank in Minneapolis,...

  • *3rd- qtr sales $3.79 bln vs est. *Earnings per share $0.72 vs est. The price gap with its competitors was one of General Mills' "biggest challenges" so far this year, Chief Operating Officer Jeff Harmening told analysts on a post-earnings call.

  • March 21- General Mills Inc reported its seventh straight quarterly sales decline on Tuesday, hurt by weak demand for its yogurt and baking products, as the company discounted less amid pricing competition in the United States. The maker of Cheerios breakfast cereal said net sales fell 5.2 percent to $3.79 billion in the third quarter ended Feb. 26, falling short...

  • March 20- Target Corp on Monday named Kroger Co veteran Jeff Burt its senior vice president of grocery, fresh food and beverage, as the retailer makes a renewed push to overhaul the business amid an intensifying price war. Target which is embroiled in a fierce face-off with Wal-Mart Stores Inc, Kroger and Amazon Inc said last month that price cuts on its grocery...

  • LONDON, March 20- World markets baulked on Monday at the G20's decision to drop a decade-old pledge to resist trade protectionism, with stocks, the dollar, oil and the price of many major sovereign bonds all sliding into the red. European stocks fell as much as 0.3 percent and U.S. futures pointed to a fall of around 0.2 percent at the open on Wall Street.

  • LONDON, March 20- World stocks opened the week on a cautious footing on Monday after the G20's decision to drop a pledge to avoid trade protectionism, while the U.S. Asian stocks were mixed, European stocks fell as much as 0.3 percent and U.S. futures pointed to a fall of around 0.2 percent at the open on Wall Street. Financial leaders of the world's biggest economies...

  • LONDON, March 20- World stocks opened the week on a cautious footing on Monday after the G20's decision to drop a pledge to avoid trade protectionism, while the U.S. Asian stocks were mixed, European stocks fell as much as 0.3 percent and U.S. futures pointed to a fall of around 0.2 percent at the open on Wall Street. Financial leaders of the world's biggest economies...

  • *Japan markets closed for holiday. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 percent. Japan is closed for a holiday.

  • *Japan markets closed for holiday. MSCI's broadest index of Asia-Pacific shares outside Japan was fractionally lower. Japan is closed for a holiday.

  • *Wall Street edges down after big post-Fed gains. European stock markets gained following the election victory by Dutch Prime Minister Mark Rutte, who fought off a challenge by anti-immigration, anti- European Union rival Geert Wilders. On Wall Street, the benchmark S&P 500 index slipped after gaining sharply on Wednesday in the wake of the U.S.

  • March 16- U.S. stocks slipped on Thursday as healthcare and utilities stocks fell while financials rose with bond yields as traders reversed their initial reaction to the U.S. Investors were likely taking profits in healthcare stocks, which have outperformed the broader market so far this year but face policy uncertainty, according to Jim Paulsen, chief...

  • March 16- Australian investment bank Macquarie Group Ltd agreed to buy Cargill Inc's petroleum business, the commodities trader said on Thursday, the latest reshuffling of its business following an almost three-year slump in oil prices. The deal would expand its footprint by adding facilities in Geneva, Switzerland and Minneapolis, Minnesota.

  • *Wheat firm, led by K.C. and Minneapolis markets. As of 12:26 p.m. CDT, CBOT May corn was up 3 cents at $3.66-1/ 2 per bushel. May soybeans were up 1-1/ 2 cents at $9.9-3/ 4 a bushel and CBOT May wheat was up 1/ 4 cent at $4.36-3/ 4 a bushel.

  • NEW YORK, March 16- More than 20 U.S. senators pressed President Donald Trump on Thursday to reject requests from oil refiners to overhaul the U.S. biofuels program, weighing in on a debate that has roiled markets from soybeans to gasoline in recent weeks. The change would be "unwarranted and indefensible," said the bipartisan group of senators that included...

  • NEW YORK, March 14- A group advising U.S. The group, led by billionaire New York real estate developers Richard LeFrak and Steve Roth, made the suggestion to Trump and others in the White House last week, LeFrak told Reuters on Monday. Any pilot program would be up to state and federal officials and Congress, he said.

  • NEW YORK, March 14- U.S. airlines canceled thousands of flights ahead of Tuesday's blizzard in the northeastern United States, but the weaker-than-forecast storm left some passengers complaining the preemptive strategy was too drastic. "I do believe in some cities this was overly dramatic," Patrick Pryor, a 24- year-old whose flight to Chicago from his home in St....

  • *February payrolls report seals view on U.S. rate hike next week. NEW YORK, March 10- U.S. This report did nothing to dissuade that, "said John Bredemus, vice president at Allianz Investment Management in Minneapolis.

  • *February payrolls report seals view on U.S. rate hike next week. NEW YORK, March 10- U.S. This report did nothing to dissuade that, "said John Bredemus, vice president at Allianz Investment Management in Minneapolis.