Supervalu CEO Craig Herkert said the company's poor quarter means price cuts for shoppers and a serious review of the company's future prospects.
Eden Prairie-based Supervalu, the nation's third-largest grocery chain, reported a year-over-year drop in sales and profits for the quarter ending last month. Sales fell 5 percent and earnings plunged 45 percent.
More than 1,000 veterans are expected to attend a Brooklyn Center career fair Wednesday to connect with employers who are hiring.
Best Buy will cut 2,400 jobs as part of its evolving plan to shrink the company and cut costs.
Sales at Target stores last month were lower than expected.
Temperatures in the Twin Cities hovered around 100 degrees for hours on the Fourth of July, and the humidity made it feel even hotter, making it another day of excessive heat warnings.
With the heat index expected to hit or exceed 105 on July Fourth, the Minneapolis Park and Recreation Board will be offering residents some places to cool off.
It appears as though the Best Buy board and the company's founder and biggest shareholder, Richard Schulze, are preparing for a fight over control of the company. Business analysts who watch the company see a battle brewing.
Charges were pending against two juveniles arrested in the fatal shooting of a 5-year-old boy in Minneapolis as the community held a vigil for the child.
About 250 high school and college students lacking U.S. citizenship attended a Minneapolis forum on Saturday to learn about President Barack Obama's directive that could protect them from deportation.
Fire officials are still trying to determine the cause of a fire at the Smith Foundry in Minneapolis.
The Supreme Court's decision to uphold the constitutionality of President Barack Obama's health care law doesn't change much for Minnesota's big medical device companies, hospitals, or health insurers.
The Supreme Court's decision to uphold the constitutionality of President Barack Obama's health care law doesn't change much for Minnesota's big medical device companies.
Higher commodity costs took a significant bite out of General Mills' earnings for the company's fiscal year ending last month.
General Mills' yogurt business has soured a bit of late. And you can blame it on the Greeks. Not the debt crisis, but Greek-style yogurt.