A study by an independent Twin Cities health care analyst released Friday says Minnesota's health management organizations posted strong profits in 2011. Allan Baumgarten's report says the state's HMOs reported a net income of $230.4 million last year on nearly $7 billion in revenue, despite a one-time earnings cap.
Suspect identified in gunfire barrage that injured teen in Brooklyn Park
The city's major crimes unit is investigating.
Target profits plunge as it takes hit from shedding excess goods
The retailer announced earlier this year it would be slashing prices.
Man, woman found dead in St. Paul home after child calls 911
Police say no suspects are being sought.
Las Vegas man identified as victim killed near 38th and Chicago
The 25-year-old died at the scene Sunday afternoon.
Man indicted for armed robberies of 3 St. Paul grocery stores
The 38-year-old is facing federal charges.
Bridge damage closes westbound Hwy. 62 between Richfield, Edina
The Minnesota Department of Transportation said bridge maintenance work is in progress.
Charges: Drunk driver killed former chair of Hibbing Chamber of Commerce
Michael Miller's blood-alcohol content was nearly three times the legal limit at the time of the crash.
Gallery: Stillwater estate turned into private oasis hits market for first time
The sprawling estate is minutes from downtown Stillwater.
Woman charged with attempted murder in shooting outside Target
The victim is in critical condition.
WalletHub's 'Best States to Live' ranking has Minnesota in top 10
Minnesota finished one place above Wisconsin.
Charges: Man attacked Mystic Lake security with 2x4
A chaotic scene unfolded after the man approached the bell stand late Friday.
HMOs that agreed to cap profits will pay state $35 million
HealthPartners, Medica and other health care providers will return $35 million to Minnesota and a similar amount to the federal government. The HMOs agreed to a one percent cap on profits from patients enrolled in public programs.
Capella Education's net profit plummets 49 percent in third-quarter
Capella Education, the parent company of the for-profit Capella University, says its third-quarter net income was $5.1 million, down nearly 50 percent compared to the $9.9 million it earned in the July-September quarter last year, the Associated Press reports. Even as total enrollment, revenue and net income fell, new student enrollment at the Minneapolis-based provider of online post-secondary education rose 10.5 percent compared to last year -- the first increase in nearly two years, Reuters reports.
Blue Cross Blue Shield of Minnesota profits grew 20% in 2011
The state's largest health insurer saw its financial reserves increase to $1.15 billion. The Pioneer Press reports most of the profits came from the Eagan-based company's commercial health insurance business.
CHS profits up 13 percent in 3Q
Inver Grove Heights-based CHS Inc. -- the largest farmer-owned cooperative in the United States -- reported net income of $405 million thanks to strong energy performance. Revenue increased nearly 5 percent to hit $11 billion. The Wall Street Journal notes CHS reported its second-quarter profit dropped 60 percent.
Minnesota farmers hit record in 2011
The Pioneer Press reports the median net farm income was up one percent to hit a record $123,000 last year. Crop farmers were "still very profitable," but saw a slight decrease despite record-high crop prices. The dairy sector as well as hog and beef producers all saw improvements, according to the annual report released Wednesday.
State tax revenues jump in 2011
In what could be another sign of economic recovery, tax revenues in all 50 states jumped in 2011. Slateline.org reports that Minnesota was one of the largest gainers, bringing in 15 percent more in 2011 than 2010. North Dakota was the envy of all others, with a whopping 44.5 percent revenue increase over the previous year.
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