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The Week's Top Business Stories

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From the editors of Twin Cities Business:

Target Lowers Outlook As Profits Tumble 16%

Target’s quarterly profits were in line with its expectations, but the company drastically lowered its forecast for 2014 from last quarter due largely to the effects of its data breach and costs of its Canadian expansion.

Two More Target Execs Are Out Amid Leadership Overhaul

Target ousted the president of its Canadian operations the same day it announced that one of its longtime executive vice presidents plans to retire.

Carlson Sells $2.7B TGI Fridays Chain

The global hospitality company sold the iconic restaurant brand in order to focus more energy and resources on its hotel and travel businesses.

New Laws Impact MN Brewers, Distilleries, And Wineries

Sunday sales didn’t make the cut, but new legislation still has implications for craft beer taprooms, micro-distilleries, farm wineries, and home brewers, among others.

Best Buy Turns A Profit But Warns Of Sliding Sales

While Best Buy’s quarterly profits beat analyst expectations, the company expects same-store sales to keep sliding because of a lack of major product launches during its upcoming quarters.

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Woman breaks free after being kidnapped and taken to Brooklyn Park

The woman was taken by force as she arrived at her work in Plymouth.

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How the fastest animal on the planet returned to MN after local extinction

The fastest animal on Earth had once vanished from Minnesota and Wisconsin.

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St. Paul's new 'skate trail' brings non-traditional park to life

Gateway Park is the first of four parks to open in the Highland Bridge redevelopment.

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80 mph winds, large hail possible with severe storms in MN

A severe thunderstorm watch is in effect for much of the state until 3 a.m. Saturday.

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30 people evacuated as flooding hammers small town

It's assumed that at least eight inches of rain fell in Randall, with more heavy rain expected Friday night into Saturday morning.

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Boy dies in motorcycle crash in Rochester

Police are investigating as of Friday afternoon.

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Numerous severe storms likely in Minnesota Friday night

Watch the video for the full details with meteorologist Sven Sundgaard.

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Teen pleads guilty in shooting death of 15-year-old girl in Columbia Heights

Damico Jamal-Tokyo High will receive a sentence in juvenile court, along with an adult prison sentence.

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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.

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