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Stocks slump again; S&P 500, Dow back into red for year

Stocks are back in the red for the year after another wave of selling hit Wall Street Friday. The latest plunge came at the end of an unusually turbulent week of trading that had one huge gain sandwiched between massive losses. A three-week slide has left the benchmark S&P 500 index on track for its worst month since February 2009, right before the stock market hit bottom following the 2008 financial crisis. Longtime market favorites like Amazon led the way lower after reporting weak results. Technology and consumer-focused companies accounted for much of the sell-off. Media and ...

NBC cancels Megyn Kelly’s show after blackface controversy

NEW YORK (AP) — Megyn Kelly, the former Fox News Channel personality who made a rocky transition to softer news at NBC, was fired from her morning show Friday after triggering a furor by suggesting it was OK for white people to wear blackface at Halloween. “ ‘Megyn Kelly Today’ is not returning,” NBC News said in a statement. The show occupied the fourth hour of NBC’s “Today” program, a time slot that will be hosted by other co-anchors next week, the network said. NBC didn’t address Kelly’s future. But negotiations over her exit from NBC are underway, according to ...

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, auditing, and tax preparation areas of the firm. Avera Marshall introduces VP of mission services Avera Marshall Regional Medical Center welcomes LuAnn Trutwin as the Vice President of Mission Services. Trutwin comes to Avera with 15 years of ministry experience and is a board-certified chaplain ...

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 reports from companies including Procter & Gamble, American Express and PayPal. Procter & Gamble, the world's largest consumer products maker, had its biggest rally in 10 years. But the gains for indexes faded after a report showed U.S. home sales fell for the sixth month in a row. That hurt smaller ...

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 interiors, kitchens and bathrooms. She will work with clients to coordinate color and textures in cabinetry, counter tops, flooring, tile and windows. Korver new CEO for Midwest Wellness Dr. Clay Pavlis, owner and chief medical officer of Midwest Wellness Institute, welcomes Kyle Korver as the ...

‘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 Trump’s ties to Saudi Arabia run long and deep, and he’s often boasted about his business ties with the kingdom. “I love the Saudis,” Trump said when announcing his presidential run at Trump Tower in 2015. “Many are in this building.” Now those ties are under scrutiny as the president ...