New economic data is confirming Minnesota’s status as a top performer among Upper Midwest states. The U.S. Department of Commerce for the first time is releasing state-by-state breakdowns of personal income and consumption.
Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.
Bankers in 10 Midwest and Plains states expect the rural economy to continue growing in the months ahead because of the strength of farm income.
Hormel Foods Corp. said Thursday its net income edged up as higher sales of Spam and Hormel chili and other products helped offset higher costs for grain and for commodity costs in its Jennie-O Turkey segment.
U.S. Bancorp said Wednesday that its fourth-quarter net income rose 5.2 percent, as the bank reaped more income from loans and deposits.
A quarter of the Minnesota Legislature has submitted economic disclosure statements that offer the public few or no details about the source of their outside income.
3M Co. is reducing its profit expectations for this year because of what it calls “current economic realities.”
3M Co., the iconic maker of Post-Its and Scotch Tape, said Thursday it managed a slim increase in second-quarter earnings as cost-cutting offset a revenue shortfall.
Neiman Marcus is the latest luxury retailer saying goodbye to Minnesota, and it might have a lot to do with how much Minnesotans are able to spend these days.
More Americans than ever before are living below the poverty line, and 544,000 Minnesotans are there too. But how is the poverty line determined?
Utility company Allete Inc.’s second-quarter net income dropped 12 percent, hurt by higher expenses.
Best Buy says that weak sales of TVs and DVDs pushed its first-quarter net income down 12 percent, yet shares rose 6 percent with the electronics retailer topping profit and revenue expectations on Wall Street.
Republican Tim Pawlenty was set to propose an economic policy Tuesday that would simplify individual tax rates to just three options and cut taxes on business by more than half as he offered himself as a replacement to Barack Obama in the Democratic president’s hometown.
A new report says median net farm income among Minnesota crop farmers more than doubled in 2010, while livestock farmers became profitable again.
General Mills Inc.’s fiscal third-quarter net income rose 18 percent as it sold more snacks and benefited from strength overseas.