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Business and Economic News

UnitedHealth raises 2016 forecast, again

UnitedHealth raises 2016 forecast, again

UnitedHealth Group has hiked its 2016 earnings forecast again after its profit swelled 23 percent to nearly $2 billion in the third quarter, helped by gains both in and outside its core insurance business.
by Associated Press

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Social Security recipients to get tiny increase in benefits

Social Security recipients to get tiny increase in benefits

Millions of recipients and federal retirees will get a 0.3 percent increase in monthly benefits next year. The average monthly payment is $1,238, translating into a monthly increase of less than $4 a month.
by The Associated Press

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Macy's to open an hour earlier on Thanksgiving Day

Macy's to open an hour earlier on Thanksgiving Day

The company plans to open at 5 p.m. on Thanksgiving, with most Macy's stores closing at 2 a.m., and then reopening at 5 a.m. Friday.
by Associated Press

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Target pulls clown masks from stores, online after recent scares

The decision comes just weeks before Halloween amid reports of creepy clowns on social media and public officials' pleas for pranksters to cut it out.
by Hannah Weikel

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Supervalu to sell Save-A-Lot chain for $1.37B

The Minnesota-based company is selling the supermarket chain to Canadian private equity firm Onex Corp. The deal is expected to close before the end of January.

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Glen Taylor sees green in 'war on big food'

Glen Taylor sees green in 'war on big food'

Billionaire Glen Taylor sees an opportunity in addressing changing consumers tastes by selling pork that can be traced to the farm where it was raised.
by Mark Steil

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Xcel's coal plant retirement plan gets regulatory approval

Xcel's coal plant retirement plan gets regulatory approval

A combination of factors are making it possible for Xcel Energy to reduce carbon emissions 60 percent by 2030, utility officials said Friday.
by Elizabeth Dunbar

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U regents approve demolition of grain elevators

U regents approve demolition of grain elevators

The university also received comments from around 100 people who are questioning the U's move, saying the structures should be saved.
by Peter Cox

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Finally, U contracts give minority vendors a break

Finally, U contracts give minority vendors a break

Contractors from disadvantaged groups were getting business at the University of Minnesota, but vendors of goods and services were not — until recently.
by Emma Sapong

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Obama eases special limits on Cuban products, from drugs to rum and cigars

Obama eases special limits on Cuban products, from drugs to rum and cigars

The changes clear the way for Cuban-origin pharmaceuticals to gain U.S. regulatory approval. And instead of special quotas, normal limits on Americans' importation of foreign products will apply.

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