Target 3rd Quarter Profits Rise As Traffic IncreasesTarget says its sales rose 1.9 percent at established locations in the third quarter, marking the fourth consecutive quarter the retailer has increased customer visits.
Restructuring Plan At 3M Includes 1,500 Job Cuts Amid Strong 3rd Quarter Earnings3M has announced a restructuring plan that will cut 1,500 jobs worldwide. The restructuring was announced Thursday along with the company's third-quarter earnings. A third of the job cuts are expected to come in the U.S.
St. Jude Meets 3Q Profit ForecastsSt. Jude Medical Inc. (STJ) on Wednesday reported third-quarter net income of $215 million. On a per-share basis, the St. Paul, Minnesota-based company said it had profit of 75 cents. Earnings, adjusted for one-time gains and costs, came to 97 cents per share.
U.S. Bancorp Meets Expectations, Reports $1.5B 3Q ProfitU.S. Bancorp (USB) on Thursday reported third-quarter profit of $1.49 billion. The bank, based in Minneapolis, said it had earnings of 81 cents per share.
Minnesota Exports Record $5.5B In Third QuarterState officials say Minnesota exports have jumped nearly 6 percent in the last year. Minnesota exported a record $5.5 billion of manufactured, agricultural and mining products in the third quarter of 2014, the Department of Employment and Economic Development announced Wednesday. That's up 5.8 percent from the same period last year.
Best Buy Reports 3Q Loss Of $10MBest Buy Co. reported another dismal quarter on Tuesday, recording a loss in the third quarter, hurt by a continued sales slump and charges related to restructuring. Shares fell more than 11 percent in morning trading to its lowest level in more than a decade.
Target's 3Q Profits Up 3.7 PercentTarget Corp. is reporting a 3.7 percent increase in third-quarter profits, helped by solid spending and improvement in its credit card business.
Low TV, Laptop Sales Hurt Best Buy's 3QBest Buy Co.'s third-quarter net income fell more than expected as it lost sales of TVs and laptops to competitors. It also cut its full-year outlook Tuesday.
US Airways Posts 3Q ProfitUS Airways posted a third-quarter profit on Wednesday and said it expects to hire more flight attendants next year.