Business

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 ...

Fantasy sports site DraftKings files lawsuit over attack

BOSTON (AP) — Daily fantasy sports giant DraftKings says it was attacked last month with a denial of service that prevented customers from using its website for a short time. A federal judge in Massachusetts issued an order Friday allowing the company to seek the identities of those who ...

Restaurant company building new corporate HQ in Georgia

ATLANTA (AP) — The corporate parent of restaurant franchises including Arby’s and Buffalo Wild Wings is building a new headquarters in a suburb of Atlanta. Gov. Nathan Deal’s office said Atlanta-based Inspire Brands plans to invest $32 million in a new corporate hub in Sandy Springs. ...

‘Crazy Rich Asians’ banks another crazy rich weekend

LOS ANGELES (AP) — “razy Rich Asians” isn’t slowing down at the box office even in its third weekend in theaters, and is helping to send a strong summer moviegoing season off on a high note. Studios on Sunday say the romantic comedy has topped the domestic charts again. Warner Bros. ...

Russians rally to stop increase of pension eligibility age

MOSCOW (AP) — Russians held rallies throughout the country Sunday to protest a government plan to raise the age for receiving state pensions. Several thousand people gathered in central Moscow for a protest organized by the Communist Party. Another Moscow protest organized by the A Just ...

UK prime minister says no, again, to second Brexit vote

LONDON (AP) — Britain’s prime minister has again spoken out against calls for a second referendum on Britain’s decision to split with the European Union. Theresa May wrote in the Sunday Telegraph that it would be a “gross betrayal of our democracy” to have another vote. She said ...

Good deals in a new location

TRACY — It was a move to a new location and a new market, Tina Hicks said. And for the city of Tracy, it’s a new downtown business. On Saturday morning, Hicks and her family were welcoming shoppers at Tina’s Thrift Store at the former Bonnie’s Boutique building on Third Street. The ...

Cigna, Express Scripts shareholders vote for planned combo

Cigna shareholders are backing the insurer’s planned takeover of pharmacy benefit manager Express Scripts, a deal that activist investor Carl Icahn had urged them to reject earlier this month. Cigna says about 90 percent of votes cast on Friday were in favor of the roughly $52-billion deal, ...

Powell signals more hikes ahead

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed’s 2 percent target rate, it ...

S&P 500, Nasdaq and Russell 2000 close at record highs

Wall Street ended a week of milestones with a few more Friday. The benchmark S&P 500 index closed at an all-time high, just two days after the current bull market in U.S. stocks became the longest in history. The Nasdaq composite and the Russell 2000 indexes also ended the day at all-time ...

Room to move

WOOD LAKE — D&D Schwerin Trucking of rural Wood Lake is bursting at the seams and needs more office space to meet its goal of communicating better with its customers. “We’re a data-driven company,” owner/partner Dave Schwerin said. “There’s not enough space for (all the ...

Trump asks SEC to consider ending required quarterly reports

WASHINGTON (AP) — President Donald Trump is calling on federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense. In a tweet Friday, Trump said that ...

Stocks jump as hopes rise for progress on China trade talks

NEW YORK (AP) — Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November. Industrial, health care and basic materials ...