Income
Bankers Say Farm Income Helping Rural Economy
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.
Spam Sales Help Boost Hormel 1Q Net 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.
US Bancorp 4Q Net Income Rises 5 Percent
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.
Minn. Lawmaker Disclosure Leaves Plenty In Dark
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 Cuts 2012 Guidance, Citing ‘Economic Realities’
3M Co. is reducing its profit expectations for this year because of what it calls “current economic realities.”
3M Net Income Up In 2Q Despite Lower Sales
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: Latest Luxury Retailer Calling It Quits In MN
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.
Good Question: Why Is The Poverty Line Just $11,000?
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?
Allete 2Q Net Income Falls On Higher Expenses
Utility company Allete Inc.’s second-quarter net income dropped 12 percent, hurt by higher expenses.
Best Buy Net Income Falls; Slow TV, DVD Sales
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.
Pawlenty Proposes Three-Tier Income Tax System
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.
Report: Minn. Farm Income From Crops Rose In 2010
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 3Q Net Income Climbs On Snack Sales
General Mills Inc.’s fiscal third-quarter net income rose 18 percent as it sold more snacks and benefited from strength overseas.
Good Question: Why Do Women Make Less Than Men?
For nearly a century, researchers have found that equal pay for equal work isn’t happening for men and women in the United States. So, why don’t women make as much as men?
Heart Device Sales Boost St. Jude Profits
St. Jude Medical Inc. said Wednesday its net income grew 9 percent in the fourth quarter on better sales of implantable heart defibrillators.
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