Best Buy Co. says that weaker than expected traffic until the week before Christmas and low demand in Canada and Europe put a crimp in its December sales.
General Mills is reporting that net income slipped 28 percent in the second quarter, pressured by rising costs and some charges, but revenue jumped by double digits.
Minnesota’s 20-day state government shutdown hurt state revenue collections last month as tax auditors stayed home and lottery sales halted.
General Mills Inc., the food company that makes Cheerios cereal, Haagen-Dazs ice cream and Betty Crocker mixes, reaffirmed its financial guidance for fiscal 2011.
In an effort to break a budget impasse and avert a government shutdown July 1, Minnesota Republican leaders made a budget counteroffer to Gov. Mark Dayton Monday. Dayton characterized the meeting as constructive, but said the two sides remain far apart.
A stronger credit-card business helped Target Corp.’s net income rise 2.7 percent in the first quarter, even as customers were cautious about buying because of higher gas and food prices.
Target Corp.’s April revenue increased 13.1 percent at stores open at least a year, as customers flocked there for basics like groceries and clothing.
Fastenal Co., which makes nuts, bolts and other fasteners, said Tuesday its profit rose 42 percent in the first quarter as revenue climbed 23 percent.
It’s a proposal that could bring in some signifcant revenue. Would you be in favor of this? Michele will discuss today at 5:35 on WCCO Radio.
A Minnesota legislator who is pushing a bill to slim the state work force has another proposal to get rid of many cabinet-level departments all together.