With Elective Procedures Delayed, UnitedHealth 2Q Profit SpikesSizable earnings gains are expected from health insurers in the second quarter with the rapidly spreading pandemic, and surge in cases, postponing elective surgeries and the medical claims to cover them.
General Mills 2Q Meet Wall Street ExpectationsGeneral Mills Inc. on Thursday reported fiscal second-quarter earnings of $529.5 million. The Minneapolis-based company said it had profit of 87 cents per share. Earnings, adjusted for non-recurring gains, came to 82 cents per share.
Best Buy Says 3Q Sales Were DisappointingBest Buy shares plunged Thursday after reporting disappointing quarterly sales and a cautious outlook for the key holiday shopping season as it faces price pressures and tougher competition from online stores. The electronics retailer said it expects "near flat" revenue in the fourth quarter — which includes key holiday shopping.
UnitedHealth Group 3Q Profit Slips, But Above ExpectationsUnitedHealth Group's third-quarter profit slipped, but the nation's largest health insurer still beat Wall Street expectations due in part to prescription drug management and its other fast-growing businesses.
Study: In Minnesota, Women Earn 80 Cents To Men's DollarA policy group tracking wages said that women still lag behind men when it comes to salaries, though Minnesota's disparity is not as pronounced as the country's at large. The Institute for Women's Policy Research said women working full-time earn about 78 cents to every dollar men make.
Target Reports 4Q Loss On Canada PulloutTarget Corp. reported a loss in its fourth quarter, dragged down by costs to end its money-losing foray in Canada. But the discount retailer recorded strong sales as shoppers bought more clothing and other items over the holiday period.
Delta To Share $1.1B Of 2014 Profits With EmployeesDelta Air Lines is showing a lot of love to its employees this Valentine's Day weekend. The airline made a big profit in 2014 and employees are getting to share in some of it. The company reported earnings of nearly $3 billion last year. As a result, it will pay out an industry record $1.1 billion to its employees.
3M Tops Net Income Rises 7 Percent As Sales Jump Broadly3M Co. on Tuesday reported fourth-quarter profit of $1.18 billion. The St. Paul, Minnesota-based company said it had profit of $1.81 per share.
Wages Creep Up Slowly, Housing Market Does TooMinnesota's economy is headed in the right direction but many people may not be feeling it in their paychecks yet. That's one takeaway from a report released Thursday. The budget forecast shows state government on pace for a $1 billion surplus.
Target Rebounds In 3Q On Solid Sales Target reported a 3.1 percent gain in third-quarter profits to beat Wall Street expectations as its U.S. business rebounded from a massive data breach that occurred just before Christmas last year.
Target 1Q Profit Falls 16 Percent As Breach Takes TollTarget cut its annual profit outlook Wednesday and said its first-quarter earnings fell 16 percent as it took another hit from a massive customer data breach and a troubled expansion in Canada.
3M 1Q Results Improve, But Miss Street's View3M says its first-quarter net income rose 7 percent, led by sales growth in its health care business. The maker of products from Post-it notes to industrial coatings and ceramics said Thursday that it earned $1.21 billion, or $1.79 per share, for the three months through March 31.
UnitedHealth's 1Q Profit Tumbles 8 PercentUnitedHealth Group's first-quarter net income slid 8 percent as funding cuts to a key product and costs imposed by the health care overhaul dented the health insurer's performance. The Minnetonka company said the overhaul and government budget cuts added about 35 cents per share in costs during the quarter.
St. Jude Medical 1st-Quarter Profit RisesMedical-device maker St. Jude Medical's first-quarter net income rose almost 12 percent, helped by higher sales of its implantable defibrillators and devices that treat a type of irregular heartbeat. The company said four new product approvals in the U.S. will boost sales in the second half of the year and gave guidance within range of analyst expectations.
Minn. House Passes Bill To Close Gender Pay Gap Minnesota lawmakers are considering a bill that aims to close the pay gap between men and women. Data from the Women's Foundation of Minnesota show that the median full-time annual earnings of a woman in the state is about $10,000 less than a man's.