Minneapolis-based U.S. Bancorp reported high-than-expected quarterly profit as revenue rose and set aside less money for bad loans. The fifth-largest U.S. commercial bank posted a net income of $1.42 billion in the second-quarter.
MN researcher part of team behind 'revolutionary' discovery of ancient tooth in Laos
The molar found in a remote cave is believed to have belonged to a Denisovan girl who lived 164,000-130,000 years ago.
Gallery: Minneapolis penthouse comes with private elevator and 24-foot ceilings
The custom-designed home is on the market for $500K
Charges: Sting catches MN principal trying to hire child prostitute
Authorities alleged Mohamed Selim attempted to meet a 15-year-old girl for sex on Tuesday.
Nominate a 'local hero' to get a dozen Cub donuts from Salvation Army
The organization is looking for 1,000 volunteers to help with the effort in the metro.
Duck smashes through chopper window and hits State Patrol pilot
Two pilots were on the aircraft at the time, with one of them sustaining a head injury.
Charges: Minnetonka Nordstrom employee stole $500,000 in merchandise
Store employees used a covert camera to investigate disappearing merchandise.
Woman drives into wet concrete, gets stuck in attempt to flee police
The 53-year-old woman drove into wet concrete trying to flee police on Monday.
Family of late Rep. Hagedorn sues widow Carnahan over unpaid medical expenses
The lawsuits allege that Carnahan has yet to reimburse Hagedorn's family for medical expenses despite promising to do so.
Hail and tornadoes possible Thursday in Minnesota, Iowa, Wisconsin
Storms are expected to fire along a warm front draped across southern Minnesota.
Bde Maka Ska pavilion construction begins next week
The former lakeside food stand, home to Lola on the Lake, caught fire in 2019.
Undercover child sex sting sees 4 men arrested in St. Louis Park
One of the men is being held as he's in a position of authority of power over children.
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.
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.
Fastenal 2Q earnings jump nearly 19 percent, revenue misses
The Winona-based operator of industrial hardware supply stores reported its net income rose to $112.3 million with help from new store openings and the installation of new industrial vending machines. However, second quarter sales failed to meet Wall Street expectations.
Ecolab net income jumps 47 percent in 2Q after acquisition
St. Paul-based Ecolab posted second quarter sales that jumped 74 percent to $3 billion thanks to its December acquisition of liquid filtration giant Nalco, the Star Tribune reports. Excluding Nalco, sales rose 3 percent during the quarter. All combined, net income jumped an impressive 47 percent to $184.5 million, or 62 cents a share.
Xcel Energy's profit jumps nearly 18 percent in third-quarter
Reduced operating expenses over the summer months helped boost Xcel Energy Inc.'s third-quarter earnings, Dow Jones News reports. The Minneapolis-based utility earned $398 million, up nearly 18 percent from $338.3 million a year earlier.
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