Best Buy Reports Weak Holiday Business, Expects 4th Quarter DropBest Buy's shares sank Thursday after the nation's largest consumer electronics chain reduced its sales outlook for the fourth-quarter as it reported weak holiday business in mobile phones and personal devices.
Report Says Mississippi River Commerce Worth $400 BillionA report released at a gathering of mayors in Dubuque finds that commerce along the Mississippi River generates more than $400 billion and supports 1.3 million jobs. The U.S. Fish and Wildlife Service coordinated the report, which was released Wednesday at a gathering of more than two dozen mayors in Dubuque.
August Saw $113M In Excess Revenue Land In Minnesota CoffersRobust corporate, sales and income tax receipts have led to another month where Minnesota's revenues far exceeded forecaster expectations.
New ND Revenue Forecast Assumes $4B Shortfall In Oil RevenueNorth Dakota lawmakers have adopted a revised revenue forecast that reflects a more than $4 billion shortfall in oil revenue due to the slumping price of crude.
General Motors 3Q Profit Nearly DoublesThe automaker posted a net profit of $1.38 billion, or 81 cents per share, from July through September.
7-2-14 PODCAST PAGE: The WCCO Morning News With Dave Lee Miss something from Wednesday's Show? Click the link above to hear some of the high lights.......
Minn. Sales Tax Ruling Stands; Up To $17M On The LineA ruling that went against Minnesota government in a long-running sales tax dispute will stand, potentially costing the state $17 million in revenue. Revenue Department Deputy Commissioner Matt Massman told The Associated Press on Tuesday that the agency won't appeal a September court ruling.
3M 3Q Net Income Rises 6 Pct, Beats Predictions 3M Co. says its third-quarter net income rose 6 percent, beating Wall Street predictions. The company, which makes items including Post-it notes, reflective coatings for signs, and glues and adhesives, earned $1.23 billion, or $1.78 per share, up from $1.16 billion, or $1.65 per share, in the same quarter of 2012.
Minn. Revenue Comes In A Shade Below Projections Minnesota's tax collections have come in $2 million below expectations in the first three months of the newly enacted state budget.
Minn. Tax Collections In August Lag SlightlyMinnesota collected 2 percent less in taxes in August than was originally expected, as revenue collections for the 2014 fiscal year droop slightly. Net general fund revenues totaled just under $1.3 billion in August.
Blaine's Schwan's Cup Attracts 25,000 & Creates $20M In Economic ImpactThis week, youth soccer players from 17 countries, and all over the nation, take to the fields at the National Sports Center in Blaine as part of the Schwan's USA Cup – the largest soccer tournament in the western hemisphere. Though the heat has been oppressive, there are still nearly 25,000 people in attendance.
Minn. Revenues Exceed Projections By $463M Minnesota's tax revenues for the budget year that ended June 30 came in $463 million ahead of forecast, state officials said Wednesday, and that means more money will be on its way to schools.