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.
Shooting near University of Minnesota kills 1, injures 2
The victims were all in a parked car when the shooting happened, police said.
St. Paul native, comedian Louie Anderson dead at 68
He died of complications with cancer.
Florida man charged with human smuggling after 4 die, 5 rescued near border
A baby and an teenage boy were among those who were found dead feet from the U.S. border.
Mall of America to celebrate 30 years with events, giveaways throughout 2022
The festivities will kick off Friday with a '90s-themed drag show.
Victim of 1994 Michigan cold case murder ID'd as missing Minnesotan
Shelley Rae Kephart went missing from Hennepin County more than 28 years ago.
Coller: Did the Vikings wait too long to fire Zimmer, Spielman?
This wasn’t just ugly. This was ugly, ugly.
Walz, Flanagan call on Hennepin Co. sheriff to resign
"I would say that it is time for him to resign," the Lt. Gov. said.
Months after missing deadline, Enbridge says Line 3 aquifer breach is fixed
The company told Bring Me The News it "successfully stopped the flow of groundwater" at the site.
Baby, teenager among 4 found dead along MN, Canada border
Authorities believe all four froze to death.
Former roller rink, tennis courts will become new sports hub
The Wooddale Fun Zone has been closed since spring of 2020.
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.
You Can Get BMTN Special Offers!