Capital Markets

Target store

Target Cuts Outlook As Profits Fall 29%

The retailer said first-quarter profits were dragged down by soft sales in weather-sensitive categories, and it cut its full-year earnings outlook.

6 Ways to Attract Financing

Six Ways To Attract Financing

Whether it’s bank loans or equity financing you’re after, pay attention to the fundamentals.

Medtronic Cutting 2,000 Jobs, 500 In MN

Medical device manufacturer Medtronic has cut about 65 percent of the 2,000 positions it intends to eliminate and beat it’s fourth-quarter earnings expectations.

Handshake

Local Health IT Firm Healthland Acquires Software Co.

Healthland, which provides health care IT solutions for rural hospitals and their affiliated care facilities, has acquired American HealthTech, which serves post-acute facilities.

Abdo, Eick & Meyers Managing Partner Steve McDonald

Abdo, Eick & Meyers Acquires MN Firm Francis & Associates

The two Minnesota firms plan to merge on November 1, boosting Abdo, Eick & Meyers’ employee base to roughly 100.

Manufacturing

MN Cos. Set New Export Record In 2012: $20.6B

The value of Minnesota’s exports rose $246 million in 2012, an increase of 1.2 percent and enough to set another annual record; the state’s top export category was machinery.

Locals With Investable Funds 3rd-Most Optimistic In U.S.

Fifty-seven percent of area residents believe that the local and national economy will improve in the next two years.

Regis headquarters

Regis Swings To A 3rd-Quarter Profit But Misses Expectations

The salon company reported a more modest decline in same-store sales, but its revenue and adjusted earnings fell short of analysts’ predictions.

MN Med-Tech Co. Subpoenaed In Insider Trading Probe

Amid an insider-trading probe, federal prosecutors reportedly subpoenaed Cardiovascular Systems; there have been no allegations of wrongdoing.

Xcel Energy's Minneapolis headquarters

Cold Winter Helps Boost Xcel’s Profits By 29%

A long, cold winter, as well as rate increases in several states, helped boost Xcel's first-quarter financial results.

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