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Business and Economic News

Medica CEO explains absorbing UCare clients after company folds, answers Medicare questions

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.
by Cathy Wurzer and Gracie Stockton

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Quarterly profit slide at Target hints at a challenging holiday season for the retailer

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.
by The Associated Press

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Minnesota cattle producers to vote on proposed increase in beef checkoff fees

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.
by Tadeo Ruiz Sandoval

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UCare ending operations, moving all remaining health insurance enrollees to Medica

UCare ending operations, moving all remaining health insurance enrollees to Medica

Minnesota-based health insurance nonprofit UCare is shutting down. The organization said it will transfer health care plans for more than 300,000 members to Medica.
by Estelle Timar-Wilcox

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Cloudflare resolves outage that impacted thousands, ChatGPT, X and more

Cloudflare resolves outage that impacted thousands, ChatGPT, X and more

Internet infrastructure provider Cloudflare says it is deploying a fix for an issue that caused global outages for ChatGPT, social media platform X, League of Legends and other prominent internet services. Cloudflare said on its status page earlier Tuesday that it identified an issue that was impacting multiple customers.
by The Associated Press

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