Medtronic profits surge 54 percent

The medical-device maker reports second-quarter profits up significantly from a year ago, when the company was tangled up in legal troubles.
Author:
Updated:
Original:

The medical-device maker reports second-quarter profits up significantly from a year ago, when the company was tangled up in legal troubles.

Next Up

cook county schools

Investigation after assistant principal displays "joke" Gadsden flag during announcements

"My apologies to anybody who was offended by that part of the snake that was on that comic and it's been taken down."

Forest - orono, Minnesota

Report: Forests, agricultural land could help Minnesota reduce greenhouse gas emissions

The Nature Conservancy's Minnesota chapter released a report that shows how many acres of trees would be needed to help the state reach its reduction goals.

University of Minnesota

U of M will halt admissions to 12 PhD programs

The move is expected to help address the school's estimated budget shortfall of $166 million.

snow, plow

NWS says 'increasing potential for an impactful winter storm' this weekend

Nothing is certain yet. The weather service advises Minnesotans to monitor the forecast.

Mike Lindell, My Pillow CEO.

Under-fire Mike Lindell claims retailers have dropped MyPillow

The MyPillow CEO is seeing receiving backlash as he continues to share conspiracy theories about the election.

Antoine Winfield Jr.

Antoine Winfield Jr. says playoff win was "for my pops back in '09"

The son of the Vikings legend did not forget about "Bountygate."

Jared Vanderbilt

Shorthanded Timberwolves fall to Atlanta in Monday matinee

D'Angelo Russell scored 31 points, but didn't have much help.

police lights

Man, 72, critical after possible robbery outside Minneapolis business

The 72-year-old sustained gunshot wounds in the incident.

vaccine

It could take months to vaccinate MN teachers, people 65 and older

"This is going to be harder than going to Ticketmaster and trying to get Bruce Springsteen tickets," Walz said.

Herb Brooks statue

Trump's planned statue garden would include 2 Minnesotans, others with MN links

But there were some notable names absent from the wide-ranging and eclectic list.

k9 zeke

Petition seeks to allow retired Corcoran officer to keep K9 partner

Corcoran's public safety director says if K9 Zeke is donated to the officer it will be a loss for the department.

Related

Medtronic cutting 1,000 jobs despite growing profits

The Fridley-based medical device maker plans to eliminate positions in facilities around the globe, including 220 positions at its Mounds View-based division. Medtronic topped expectations in the fourth quarter, but continues to struggle with the sale of heart rhythm devices as well as devices used in spine surgery.

US Bancorp profit up 40 percent

The Minneapolis bank -- the fifth largest in the country -- reports profits are up significantly for the third quarter this year. The bank has grown its lending business and benefited as fewer borrowers fall behind.

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.

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.

Cargill profits drop 88 percent

The food giant's second-quarter profits are down 88 percent from a year ago even as sales increased 17 percent. The company's CEO pegged the disappointing results on its weak meat business and a poor sugar market, as well as political uncertainties.

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.

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.

Medtronic wins $101M in patent lawsuit against NuVasive

A U.S. District Court has ruled competitor NuVasive must pay the Minnesota-based medical device maker more than $100 million in damages for infringing on three of its patents.