Business and Economic News

Minnesota’s grain indemnity fund faces first major test with large grain elevator failure
Hansen-Mueller Co., a nationwide grain merchandiser and processor, filed for bankruptcy. The company, based in Omaha, Neb., has grain elevator operations in Minnesota. It owes hundreds of millions of dollars to farmers nationwide.
Medica CEO explains absorbing UCare clients after company folds, answers Medicare questions
Minnetonka-based Medica is taking on former UCare clients. To talk about that transition, Medica CEO Lisa Erickson joined Cathy Wurzer on Morning Edition on Wednesday.
Quarterly profit slide at Target hints at a challenging holiday season for the retailer
Target’s third-quarter profit tumbled as the retailer struggles to lure shoppers that are being pressed by stubbornly high inflation. The Minneapolis company said Wednesday that it expects its sales slump to extend through the critical holiday shopping season.
Minnesota cattle producers to vote on proposed increase in beef checkoff fees
The Minnesota Beef Council has proposed a 50-cent increase to the $1 fee charged to cattle producers on every head of cattle sold. The checkoff fee hasn’t been raised in nearly 40 years, but to make it more palatable to members, the fee would be refundable for those who want to opt out of the program.