Business

Business Briefs for June 17

Avera named to Forbes’ Best-In-State Employers List Avera has been named to the inaugural Forbes list of America’s Best-in-State Employers 2019. Avera is ranked No. 1 in South Dakota and in the Top 20 in Minnesota. Based on an independent survey, researchers made the list from a vast ...

Mnuchin: 2020 deadline for Tubman $20 bill not possible

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin on Friday called “completely erroneous” a published report that an initial 2020 deadline for completing the design of a $20 bill featuring Harriett Tubman could have been met. Mnuchin told a congressional committee last month that the ...

Stocks post small losses; investors look ahead to Fed

NEW YORK (AP) — Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates. Technology shares drove the declines, and energy stocks also fell a day after leading the market. Some late-day gains in ...

U.S. hiring slows amid trade rifts, weaker global economy

WASHINGTON (AP) — U.S. hiring stumbled in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of weaker global growth, widening trade conflicts and perhaps some difficulty finding enough workers. Last month’s modest job gain followed a ...

US stock market notches best week since late November

Wall Street turned the page on a painful May in the stock market by notching its best week since late November. Stocks climbed for a fourth consecutive day Friday, capping a week of gains that reversed most of the losses in May, when President Donald Trump’s tariff threats escalated trade ...

Trade war clouds outlook as finance chiefs meet in Japan

FUKUOKA, Japan (AP) — Finance ministers and central bank governors meeting in Japan this weekend will try to make headway on longstanding issues such as how much global giants like Facebook and Amazon should pay in taxes. They’re likely to end up focusing a large share of their attention, ...

FedEx will stop air shipments of packages for Amazon

FedEx is dropping a contract for air shipment of packages for Amazon within the United States, reducing its ties with the online retail giant that is already expanding its own delivery business. FedEx said Friday that it will not renew the contract for domestic FedEx Express handling of Amazon ...

Business Briefs for June 3

National Organization of Medical Regulators elects Dr. Joseph Willett to board of directors Joseph Willett, DO, Avera Medical Group Marshall, Marshall, was elected to serve a three-year term on the board of directors of the Federation of State Medical Boards during the FSMB’s annual meeting ...

CEOs get $800,000 pay raise, leaving workers further behind

NEW YORK (AP) — Did you get a 7% raise last year? Congratulations, yours was in line with what CEOs at the biggest companies got. But for chief executives, that 7% was roughly $800,000. Pay for CEOs at S&P 500 companies rose to a median of $12 million last year, including salary, stock ...

Japan’s charm campaign ready to roll: Golf, sumo await Trump

WASHINGTON (AP) — Under the threat of potentially devastating U.S. tariffs on autos, Japan is ready to roll out the newest phase of its charm offensive targeting President Donald Trump as it welcomes him on a state visit tailor-made to his whims and ego. Offering high honors, golf and the ...

US stocks rebound, but S&P 500 ends with 3rd weekly loss

Stocks on Wall Street notched modest gains Friday, erasing some of the market's steep losses from a day earlier. The upbeat finish to a turbulent week still left the market with its third straight weekly loss. Stocks swung between gains and losses all week as investors weighed the prospect ...

Business Briefs for May 20

Avera ranked 1st in nation for long-term care resident experience Avera has ranked first out of the top 20 organizations that earned a 2019 Customer Approved Award from Lincoln, Nebraska–based healthcare-intelligence firm NRC Health. The award recognizes senior-care organizations across the ...

Wobbly week for US stocks; 2nd weekly drop for S&P 500

(AP) — Stocks fell broadly on Wall Street Friday as investor jitters over the heated trade war between the world’s two biggest economies overshadowed encouraging developments in conflicts between the U.S. and other key trading partners. The sell-off gained strength in the last hour of ...

Business Briefs for May 13

J.D. Power ranks Edward Jones highest in investor satisfaction Edward Jones local financial advisers Neil M. Frost, Mike Leary, Brent Snodgrass, Ryan M. Snodgrass and Austin DeMuth announce the financial services firm Edward Jones ranks highest in investor satisfaction with full service ...

Area wind turbine foundation system wins award

PORTLAND, Ore. — An Oregon cleantech company that developed a new concrete-saving, CO2-reducing foundation system for wind turbine towers has been awarded the 2019 Merit Award from the Post-Tensioning Institute, based on the first installation of the foundation technology in southwest ...

House Democrat issues subpoenas for Trump tax returns

WASHINGTON (AP) — A top House Democrat on Friday issued subpoenas for six years of President Donald Trump’s tax returns, giving Treasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig a deadline of next Friday to deliver them. Ways and Means Committee Chairman Richard Neal, ...

Stocks rebound as hopes rise that trade tensions will ease

Wall Street capped a turbulent week with a late-day rally Friday after shaking off an early slump triggered by the latest escalation in the trade war between the U.S. and China. The market fell sharply in the early going after the U.S. raised tariffs on $200 billion worth of Chinese goods ...

Risky politics? Trump wields his tariffs as a weapon at home

NEW YORK (AP) — His trade war already raging worldwide, President Donald Trump on Friday brandished his aggressive approach as a political weapon at home, too, casting himself as a fighter for American workers and scorning his chief Democratic rivals as weak. Trump’s actions have already ...

Business Briefs for May 6

Duininck, Inc. names Chris Duininck as president Duininck, Inc. of Prinsburg, named Chris Duininck as president of its Minnesota division, effective April 1. With the transition to the new role, Chris Duininck will focus on optimizing organizational structure and performance for the heavy ...

New plans for the Lodge

SLAYTON — The countdown has started for the 2019 opening of the renovated Lake Shetek Lodge on Valhalla Island. New owners Lance Rogers of Wilmont, his fiance Tami Brink, and distant relatives Chuck and Robin Cessna have a mid-May target date to open for the season. Plans include the ...