Business

MN Fortune 500

Retail

Target's stock plunges as customers rein in their spending

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The Minneapolis-based retailer lowered its profit outlook for the rest of the year as consumers remain frugal.

Agriculture

CHS raises offer for Minnesota ag firm to $225M ahead of member vote

FILE -- In this June 21, 2015 file photo, wheat stands ready for harvest in a field near Anthony, Kan. Grain elevators are bracing for a big winter wheat crop in Kansas. But elevators are brimming with last year's crops due to lackluster exports and low prices. Industry group Kansas Grain and Feed Association says elevators have added storage and have been moving a grain out of the state on long trains to make more room. (AP Photo/Orlin Wagner, File)

Retail

Retailers face a ‘Wicked’ quick turnaround between Thanksgiving, Christmas

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Most Read

Colleges

Friday incident led to Joel Johnson's resignation at St. Thomas

Duluth

Fatal hit-and-run charge filed against local DFL leader in northern Minnesota

Gophers

Injured leading scorer watches Gophers women’s basketball team win without her

Gophers

Four-star men’s basketball target chooses Gophers over USC

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General Mills to spend $1.4B to buy more pet food brands

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Agriculture

CHS facing competition for its $200M offer to buy West Central cooperative

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A barge filled with soybeans awaits unloading at the CHS grain export terminal on the Mississippi River at Myrtle Grove, Louisiana. From here it will be loaded onto a ship and sent to one of the 60 countries to which we export grain. CHS, Inc. is the company name. It results from a merger of Cenex and Harvest States. . CHS, headquartered in Inver Heights, is the country’s top-grossing agriculture co-op.
Business

Ramstad: Trump’s plans may slow an already sluggish Minnesota economy

His vow to deport illegal immigrants will hurt a workforce that is smaller than it was when he was last president. And his tariffs could hurt farmers, retailers and consumers.
AuthoredEvan Ramstad
November 6, 2024
MN Fortune 500

General Mills’ $1.2B bet on pet treats falls victim to poor timing

Several brands given lower valuation amid slow sales.
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Environment

Xcel to spend $11B more than planned to keep up with accelerating changes in energy system

The company says its five-year spending plan of $34 billion last year has jumped to $45 billion, and says customers won’t see the full rate increase in bills because of federal tax credits.
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Xcel Energy switched on a " solar farm" in North Branch, Mn., in December 2016. Photo: brian.peterson@startribune.com
MN Fortune 500

How one Minnesota Fortune 500 company is using industry-leading AI to respond faster to customers

C.H. Robinson says its technology can take hours out of the process of onloading orders and could improve its profit margin.
October 31, 2024
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Health Care

State subsidy keeps 3M spinoff Solventum in Minnesota

The state approved a request for up to $13 million in assistance for the $209 million headquarters project at a former Blue Cross building in Eagan.
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MN Fortune 500

Ecolab CEO says he has ‘rarely felt better’ about the St. Paul-based company

Christophe Beck spoke after the company released third-quarter earnings that skyrocketed 80% above the same quarter a year ago.
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Retail

Target, Walmart lower prices this year with competing Thanksgiving meal deals

The announcement continues the price war between the two mega-retailers.
October 28, 2024
Frozen Jennie-O turkeys photographed at a Cub Foods store in St. Paul, Minn., on Monday, November 15, 2021. ] Elizabeth Flores • liz.flores@startribune.com ORG XMIT: MIN2111151629399110
MN Fortune 500

Hormel sells pioneering business that makes specialized food for people with medical conditions

Hormel Health Labs is being sold to California company as parent company looks to refocus around core categories.
October 28, 2024
MN Fortune 500

Thrivent returns a record dividend to clients for third year in a row

This year, clients will split $564 million either in payments or in product enhancements.
October 28, 2024
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