Business

Business Briefs for Oct. 22

Halloran is new staff accountant at Hoffman & Brobst Hoffman & Brobst, Certified Public Accountants, announces the addition of Chris Halloran to the professional staff of the firm. Halloran is a 2017 graduate of Concordia University, St. Paul. He will be working in the accounting, ...

US stocks wobble at end of another shaky week of trading

NEW YORK (AP) — U.S. stocks gave up an early rally Friday and struggled to another mixed finish as investors continued sell former favorites like retailers. Household goods makers rose again as a week of choppy trading concluded. Stocks surged in early trading after better-than-expected ...

Business Briefs for Oct. 15

Henriksen joins Minnesota Cabinets Julie Henriksen has joined Minnesota Cabinets. Henriksen, who previously owned 509 Design in Marshall, said she has always had a passion for design and enjoys working with clients to enhance their surroundings. She will work with clients on designs including ...

‘I love the Saudis’: Trump business ties to kingdom run deep

NEW YORK (AP) — He's booked hotel rooms and meeting spaces to them, sold an entire floor in one of his buildings to them and, in desperate moments in his career, gotten a billionaire from the country to buy his yacht and New York’s Plaza Hotel overlooking Central Park. President Donald ...

Tech stock rally helps snap losing streak as rough week ends

NEW YORK (AP) — Stocks rebounded Friday, clawing back some of the week’s steep losses, but the turbulent trading of the last few days left no doubt that the relative calm the markets enjoyed all summer had been shattered. Major U.S. indexes ended the week down about 4 percent, their worst ...

Stocks plunge again; Dow’s two-day loss reaches 1,300 points

NEW YORK (AP) — U.S. stocks sank more than 2 percent Thursday, the second day of steep declines around the globe driven by concerns about rising interest rates and trade tensions that could slow economic growth. The Dow Jones Industrial Average fell 545 points after dropping 831 points ...

Trump steps up his attacks on Federal Reserve’s rate hikes

WASHINGTON (AP) — President Donald Trump on Thursday escalated his attack on the Federal Reserve’s interest rate increases, asserting that “the Fed is out of control” and blaming it for this week’s plunge in stock prices. “It’s a correction that I think is caused by the Federal ...

Risk of streaming fatigue as Walmart, AT&T, Disney join fray

NEW YORK (AP) — As Walmart, AT&T and Disney join stalwarts such as Netflix in streaming video and creating original shows, a reality sets in: Not all will survive. Over the past week, Walmart announced plans to partner with MGM Studios on original shows for Walmart's video-on-demand ...

Business Briefs for Oct. 8

Myers joins Carris Health Clinic-Marshall Carris Health welcomes Kasey Myers, DNP, FNP-C, to its medical team in Marshall. Myers will be serving patients in a shared practice model seeing patients with Dr. Tim Michaels and Dr. Bill Kremer beginning in mid-October. Myers received her ...

US jobless rate lowest since 1969

WASHINGTON (AP) — The U.S. unemployment rate fell in September to 3.7 percent, the lowest since 1969, when young men were being drafted to fight in Vietnam and the American auto industry and the space program were going full blast. The Labor Department reported Friday that the rate edged ...

Stocks sink again as job gains send bond yields higher

NEW YORK (AP) — U.S. stock and bond prices fell again Friday after the Labor Department said the economy continues to add jobs at a strong pace, and investors worried about a three-day surge in yields. The Department of Labor said employers added significantly more jobs in July and August ...

Telsa faces reckoning with CEO Elon Musks job in jeopardy

SAN FRANCISCO (AP) — The very attributes that have fueled a mania around Elon Musk — his vision, brash personality and willingness to take risks — could prove to be his downfall. The Tesla CEO who made his fortune and his renegade-genius reputation by bursting through the barriers of ...

Stocks close out best quarter in five years on a quiet note

NEW YORK (AP) — U.S. stocks ended back where they started Friday as the stock market wrapped up its best quarter in almost five years. Electric car maker Tesla plunged after federal regulators moved to oust CEO Elon Musk following his tweet last month saying that he was close to a deal to ...

Facebook says 50M user accounts affected by security breach

NEW YORK (AP) — Facebook reported a major security breach in which 50 million user accounts were accessed by unknown attackers. The attackers gained the ability to “seize control” of those user accounts, Facebook said, by stealing digital keys the company users to keep users logged in. ...

Economy surviving rising oil prices

DALLAS (AP) — America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. It has long been conventional wisdom that rising oil prices hurt the economy by forcing consumers to spend more on gasoline and heating ...

Dow hits another all-time high on mixed day for stocks

Wall Street capped a milestone-setting week Friday with a mixed finish for the major U.S. stock indexes and the second all-time high in two days for the Dow Jones Industrial Average. An afternoon sell-off erased modest gains for the S&P 500 that had the benchmark index on track to eke out ...

Business Briefs for Sept. 17

Carris Health Marshall welcomes pediatric nurse practitioner Carris Health Clinic (formerly ACMC-Marshall) announced the addition of Pediatric Nurse Practitioner, Amanda Kohls, to its medical team. Kohls will join Dr. Atul Mishra and Dr. Tim Michals in the Marshall clinic in October Kohls ...

Making room for development

TRACY — Tracy’s Economic Development Authority Jeff Carpenter announced at the Aug. 27 council meeting that the EDA was offering a $5,000 reward to anyone referring a new business owner to the city for development of a new business in town. “The new businesses have to meet reward ...

Knutson graduates from leadership program

CLARKFIELD – Tyler Knutson, Technical Director of the Yellow Medicine Soil and Water Conservation District, successfully completed a one-year leadership development program sponsored by the Minnesota Association of Soil and Water Conservation Districts (MASWCD). Knutson says he has already ...

Avera Research Receives $17.1 Million National Institutes of Health Grant

The Avera Research Institute’s Center for Pediatric and Community Research has been awarded a $17.1 million grant through the National Institutes of Health for its work on a children’s health study called the ECHO Program. The grant’s total, presented over five years, represents the ...