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.
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.
Arctic Cat 4Q Loss Narrows, Reinstate Dividend Arctic Cat posted a smaller-than-expected loss in its fiscal fourth-quarter, as sales improved across all product lines. The maker of recreational vehicles and snowmobiles said Wednesday that it is reinstating its quarterly dividend and approved the buyback of up to $30 million of its stock due to its strong performance, healthy cash flow and future prospects.
Delta Air Lines Posts Small 1Q ProfitDelta Air Lines is reporting a small first-quarter profit, as passengers paid more to fly.
UnitedHealth's 1Q Profit Falls 14 PercentUnitedHealth Group says its first-quarter net income dropped 14 percent, as the health insurer's medical costs climbed, and it booked a smaller gain due to leftover insurance claims.
Target's Key Jan. Revenue Metric Tops Wall StreetDiscount retailer Target Corp. says Thursday that a key revenue measure rose 3.1 percent in January as shoppers bought holiday clearance merchandise.
Delta Air Lines Clings To $7M Profit In 4Q Delta says its fourth-quarter profit was nearly wiped out by Superstorm Sandy and special charges.