Cargill Inc. reported an 82 percent slide in its fiscal fourth-quarter profit, citing tough trading conditions in beef and soybean processing and an economic and political environment that the agribusiness group has said distorts the pricing of risk, Dow Jones reports.
State: Beltrami County Jail conditions present imminent risk of 'life-threatening harm'
The state is taking action to force changes at the Beltrami County Jail.
Utilities ask MN residents to reduce energy use as cold snap induces peak demand
The central U.S. is in the midst of a cold snap.
Tributes to 15-year-old girl killed in Burnsville crash
The teenager was a student at Burnsville High School.
Amazon to close Shakopee sort center, affecting 680 employees
The MSP5 center will close at the end of March.
Barenaked Ladies, Semisonic, Del Amitri to play 2 shows in Minnesota
Tickets go on sale Friday.
Charges: New Ulm couple abused young children with cruel punishments
Warning: The following contains upsetting details about child abuse.
Boy reels in 9.5lb walleye, wins pickup truck at Brainerd ice fishing tourney
Contestants come from all over the country compete in the annual event held in Brainerd.
Arrowhead 135 ultramarathon in northern MN kicks off in -25F temperatures
The race is considered one of the 50 most challenging races in the world.
Richfield student dies of injuries following Bloomington hit-and-run
The second crash victim remains hospitalized.
Owners of Extreme Sandbox to open 'blue-collar focused' taphouse in Hastings
The Quarry Taphouse is expected to open in mid-February.
Gallery: $500k St. Paul home built in 1886 sits on three acres
Old world charm on the East Side.
Cargill to invest nearly $400 million in Africa
Bloomberg News is reporting Cargill Inc. plans to develop industrial palm-oil plantations and processing facilities in Ivory Coast within five years. The Minnetonka-based agribusiness giant may invest $380 million in the project. Cargill is one of the biggest cocoa exporters in the West African nation, the world’s top grower of the crop.
Cargill to boost biodiesel production in Missouri
Cargill Inc. plans to increase the production capacity of its joint-venture Paseo Biofuels LLC biodiesel plant in Kansas City by 40 percent, Reuters reports. The Minnetonka-based agriculture giant expects the expansion to be complete by March 2013.
Cargill recalls 30,000 pounds of ground beef
Minnetonka-based Cargill is voluntarily recalling ground beef due to salmonella concerns. The 85 percent lean ground beef was produced at Cargill's plant in Wyalusing, Pa., on May 25, and repackaged for sale to consumers of a Maine-based grocery chain, the Associated Press says. The chain sold the ground beef in Massachusetts, Maine, New Hampshire, New York and Vermont.
Cargill claims to be victim in fraud scheme
Minnetonka-based Cargill Inc., one of the world's largest commodities traders, claims in a new lawsuit that it was duped in a business fraud that involves the sale of fake renewable energy credits, the Star Tribune reports. The company says it arranged to buy 1.2 million biodiesel credits from a New York broker in 2010, and learned later the credits were invalid.
Cargill seeks greener ships for bluer oceans
The Minnesota agribusiness giant is one of the world's biggest shippers of agricultural products, and it has started rating ocean-going vessels for fuel efficiency, the Star Tribune reports. The company vows to avoid use of high-polluting vessels, and officials say that won't get in the way of profits.
Cargill CFO steps down, cites 'personal reasons'
Minnesota-based Cargill's Chief Finanical Officer Sergio Rial plans to leave the company at the end of November after just 16 months in the position, the company said Friday. He plans to return to his native Brazil for "personal reasons." Sudden exits of top executives at the company are unusual, the Star Tribune reports. Rial, 52
You Can Get BMTN Special Offers!