The deal should boost Hormel's earnings, expand its distribution channels and provide products that appeal to younger people, said Brian Yarbrough, an analyst with the investment firm Edward Jones.
The Minneapolis-based financial giant ignored Federal Housing Administration insurance and other mortgage lending requirements from 2006 through 2011, causing substantial losses to taxpayers and contributing to home foreclosures nationwide.
The sale of the Star Tribune to Minnesota billionaire Glen Taylor has been completed, the newspaper announced Monday.
State officials are urging caution to river paddlers, but outfitters say there are safe places to go out on the water.
Medtronic, which started in a Minneapolis garage, struck a $43 billion deal earlier this month to buy Ireland-based health care company Covidien. The purchase gives Medtronic firm the option to become an Irish company.
Medtronic's deal to buy Ireland-based competitor Covidien is the latest in a series of acquisitions by medical-device manufacturers. The companies are seeking to expand their offerings and contain costs in response to price curbs forced by the nation's new health care law.
Target employs about 31,000 people in Minnesota. The retailer and its predecessor -- the Dayton Hudson Corp. -- have always had a CEO with a Minnesota connection. So far, all have emerged from within the company.
At a Target shareholder meeting in Dallas, four of 10 board members received less than 80 percent of shareholder votes cast, including Roxanne Austin, the board's interim chair. Three others fell far short of the vote of 90 percent or more that corporate board members generally receive.
A big shareholder advisory firm had urged investors to vote out seven of 10 board members, because of a massive data breach last year.
Target's shareholder meeting Wednesday afternoon in Dallas is likely to produce some fireworks. Some shareholders plan on voting against a number of board members in protest, and the group Moms Demand Action for Gun Sense in America is planning a "Stroller Jam."
Target says liquor sales at the Otsego store will be part of a pilot program to provide customers with one-stop shopping.
A store worker in Myrtle Beach found a handgun filled with eight bullets in the toy aisle.
In the wake of gun rights advocates bringing rifles into Target stores in Texas and several other states, the retailer suddenly finds itself in the middle of an apparent battle between them and people who want it to prohibit guns in stores.
In the suit filed last week in federal court in Tennessee, Humana charges that Medtronic paid at least $210 million to leading spine surgeons. Humana claims that compensated physicians minimized the dangers and exaggerated the effectiveness of the product.
Institutional Shareholder Services on Wednesday targeted those Target board members who serve on the company's audit and corporate responsibility committee after a massive pre-Christmas data breach.