Shares of Target stock dropped nearly 2 percent Wednesday morning after the Minneapolis-based retailer reported that it would temporarily delay its efforts to sell the portfolio containing the balances credit card holders owe the company. The Associated Press reports that the company does not expect to sell the portfolio until later this year or early next.
Walz wants to use surplus money to send direct payments to Minnesotans
It's a renewed effort from a previous proposal from Walz and Lt. Gov. Peggy Flanagan's supplemental budget in January.
Jan. 6 committee says aide for WI senator tried to give fake elector info to Pence
The attempt was discovered through text messages in the ongoing public hearing held by the Jan. 6 select committee.
Minnesota state colleges boosting tuition again by 3.5%
The Minnesota State system's Board of Trustee's approved the increase Wednesday.
Walz, Jensen react to historic Supreme Court reversal of Roe v. Wade
After voting to overturn Roe, conservative Justice Clarence Thomas has hinted contraception and same-sex marriage protections should follow.
2-year-old killed in crash on County Road 81 in Maple Grove
The crash occurred Thursday evening on County Road 81.
BCA issues new details about St. Michael standoff, shooting
New details say a St. Cloud police officer struck the suspect with gunfire.
92-year-old driver killed in rural Scott County crash
The crash happened around 12:30 p.m. Thursday.
Big-time rain totals flood Highway 10 in central Minnesota
More rain and storms are expected Friday and Saturday morning.
Charges: Driver had just left local bar before deadly Shakopee crash
Witnesses said they were unable to help the 19-year-old Eden Prairie man who died in the crash after becoming trapped.
Thunder selects Chet Holmgren 2nd overall in NBA Draft
The Minneapolis native becomes the highest-drafted Minnesotan in NBA history.
One airlifted after crash on rural Scott County highway
The State Patrol shut down Highway 282 in both directions Thursday afternoon.
Target agrees to sell consumer credit card portfolio to TD Bank Group
Toronto-based TD Bank Group will acquire Target's consumer credit card portfolio for nearly $6 billion, according to a company news release. The Minneapolis-based retail giant has also entered into a seven-year agreement under which TD Bank will underwrite, fund and own future Target Credit Card and Target Visa receivables in the U.S.
Rep. Paulsen's bill, stock portfolio intersect
Last week's House passage of H.R. 436, the Health Care Cost Reduction Act, was a victory for Rep. Erik Paulsen, its sponsor. The Minnesota Republican's political success may provide a boost to his investment portfolio, as well, the congressional watchdog site Open Secrets reports. The bill, if passed by the Senate and signed into law, would repeal an excise tax on medical devices. That includes devices sold by two companies that Paulsen owns stock in.
Target's October sales trail expectations
Target Corp. says its same-store sales grew 2.4 percent in October, Forbes reports. Analysts were projecting same-store sales growth of 3.3 percent last month. The Minneapolis-based discount giant's total sales climbed 3 percent to $4.98 billion in October.
Target reports strong quarterly sales, weak April sales
Shoppers spent less than Wall Street estimates expected in April. The Minneapolis-based retailer reports a key sales figure rose 1.1 percent last month. Foot, health and beauty continue to be the strongest categories. First-quarter sales were the strongest in more than six years, up 5.3 percent.
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