3M Co. on Tuesday reported fourth-quarter profit of $1.18 billion. The St. Paul, Minnesota-based company said it had profit of $1.81 per share.
Post Holdings will spend $1.15 billion to bulk up its presence in the market for bagged and hot cereals by buying the privately held MOM Brands Co., maker of Malt-O-Meal cereals. Post said Monday it will pay $1.05 billion in cash and give MOM Brands owners nearly 2.5 million shares of stock for the acquisition, which is expected to be completed in the third quarter.
Best Buy says its revenue edged up in the third quarter, a positive sign for the electronics retailer as the holiday season kicks off.
Target reported a 3.1 percent gain in third-quarter profits to beat Wall Street expectations as its U.S. business rebounded from a massive data breach that occurred just before Christmas last year.
Forbes magazine’s latest rankings of business-friendly states list Minnesota as ninth overall. Forbes rates the states on 36 factors, including labor supply, economic climate and business costs.
Listen to actor Martin Sheen and other highlights from Wednesday by clicking the LINK above.
You can’t see the front door of Kieran’s Irish Pub, because it’s covered in plastic and the windows are boarded up. Owner Peter Kellin says business is down 27 percent since Block E renovations began.
Medical device maker Medtronic is switching to $16 billion in financing to complete its purchase of Ireland-based competitor Covidien a few weeks after federal regulators issued rules designed to curb overseas acquisitions that cut tax U.S. tax bills.
John Hines remembers Joan Rivers when he sits in for Dave Lee. Click the link above to listen to highlights from Friday’s show…
Forbes has ranked Mankato third on its list of the Best Small Places for Business in America, just behind Fargo, North Dakota, and College Station, Texas. A chamber of commerce member says Mankato had previously ranked 10th, 11th and 25th. He says the town’s greatest strength is the diversity of its economy.
A Minnesota business that has stores throughout the country is about to get a new name. Hot Mama will change its name Monday, but WCCO got a peak at the new logo Sunday night. Not to mention an explanation of the surprising reason behind the change, and what it means to an owner so closely connected to the original name.
A truck sustained considerable damage Friday after a fire at a Roseville industrial building. The fire broke out Friday afternoon inside a building that housed multiple businesses. Firefighters say the heat from the fire caused propane cylinders on a semi without a trailer to explode.
High water continues to keep boat traffic to a crawl on Lake Minnetonka. For the past couple of weeks, a lake-wide no wake order has stayed in effect.
If you’re a wine lover, there’s nothing better than sharing a glass with good friends. Spill the Wine on Lake Street is a perfect hangout to do that.