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.
The latest on holiday weekend severe weather chances for MN
The most significant severe threats are Sunday night and again on Monday.
Charges: Driver was drunk, high in head-on crash that killed 19-year-old woman
The young woman killed in the crash was a college student studying zoology.
What's open and closed in Minnesota on Memorial Day 2022
A guide to Memorial Day weekend 2022.
Truck crashes into Napa Auto Parts store after driver's medical issue
No employees were struck by the pickup.
Motorcyclist killed in Ham Lake after passing in the turn lane
The motorcyclist was hit by a car turning onto the road.
Minnesota gets cut of Ford settlement over misleading ads
The $19.2 million settlement centers on Ford's C-Max hybrid and Super Duty pickup truck.
White House names MN as location for federal test-to-treat COVID sites
Minnesota is one of only five states that will host the pilot project.
Minnesota Aurora's first ever game ends with draw before sellout crowd
More than 5,200 came out to see the game.
The Raptor Center says downward trend holding for avian influenza
A "baby shower" fundraising campaign hopes to help return young raptors to the wild.
Commemorative street name for Prince approved in Minneapolis
The block next to the First Avenue nightclub will be named Prince Rogers Nelson Way.
Fastenal Q3 profit up 13 percent
Lower expenses and a 10 percent sales growth helped boost Fastenal Co's third-quarter net income by 13 percent, RTTNews reports. The Winona-based company, an industrial and construction supplier, posted a profit of $109.3 million, or 37 cents a share, compared to $96.8 million, or 33 cents a share, a year ago.
U.S. Bancorp 3Q profit grows 16 percent to break another record
U.S. Bancorp, parent company of U.S. Bank, posted a record net income of $1.47 billion, a 16 percent jump from $1.27 billion a year-earlier, Bloomberg reports. “Earnings included continued strong mortgage-banking activity, which contributed to our growth in fee income, residential real estate loans and loans held for sale,” said CEO Richard Davis.
Polaris profits surge 40 percent in 3Q
Boosted by double-digit sales growth across all of its product lines, Polaris Industries Inc. posted a net income of $94.3 million, a 40 percent jump from $67.6 million in the third quarter a year-ago, the Associated Press reports. The Medina-based all-terrain vehicles maker also lifted its full-year outlook for the third time.
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.
St. Jude Medical says third quarter profits fell 22 percent
St. Jude Medical, Inc. reported a 22 percent drop in profits for the third quarter, MarketWatch reports. The Little Canada-based medical equipment supplier and manufacturer posted a profit of $176 million, down from $227 million a year ago.
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