Wells Fargo Home Mortgage is letting some 2,300 workers go, including 161 in the Twin Cities.
Target's net income fell 13 percent to $611 million in the quarter ending August 3. Sales, which were "softer than expected" according to a company news release, grew 4 percent to $17.1 billion.
Best Buy shares soared 13 percent today to $34.80, more than triple their price when the swooning stock hit bottom in the days after Christmas.
Much of the clothing Americans buy is made overseas in developing nations, where workers often toil long hours in unsafe factories, risking their health and sometimes their lives for a few dollars a day.
A local public relations and marketing firm has struck a deal that beefs up its presence in New York City and gives it offices in Los Angeles and Washington, D.C.
The Minnesota State Lottery posted its sixth consecutive year of record sales for the fiscal year that ended in June. Lottery sales reached $560 million, topping the record set the previous year by $40 million.
A local Vietnam veteran who recently died is finally being awarded the Purple Heart he earned 45 years ago.
3M reported a slightly higher quarterly profit today. The Maplewood-based company saw revenue increases in most of its businesses, which provide products for everything from cars and planes to cell phones and TVs.
The 128-year-old grocer is being acquired by Spartan Stores, one of the nation's largest food distributors, in a $1.3 billion stock-swap. Layoffs appear likely, but the companies were mum on how many Minnesota jobs would be cut.
Two years ago, when Omar Ishrak took over as CEO of Medtronic, the medical device manufacturer was struggling. Now, Medtronic's stock is up about 45 percent and sales are up. Ishrak has also won praise for fostering more openness about the effectiveness and reliability of Medtronic's products.
The 3M Co. is expected to report low-single-digit increases in sales and earnings on Thursday, when the company reveals its second-quarter performance.
Once the Green Line light rail cars start running next year between Minneapolis and St. Paul and bring tens of thousands of people past her door on University Avenue, Ni Dao hopes business will be better than ever for her Ha Tien BBQ and Deli. And she's not alone.
Shares of St. Jude Medical rose 5 percent to close at $50 Wednesday, as the company reported earnings and revenue that were higher than expected.
Medtronic is alerting customers to two problems with its insulin pumps.
The Minneapolis-based megabank, which still runs under the Lincoln charter, is marking its 150th anniversary this week.