NEWS from CARGILL
Cargill just announced earnings of $571 million for the July-to-September quarter, the first of its fiscal year. That's down 41% from the same period a year ago. Sales were $33.8 billion.
Details to come, though the company tends to say less with the quarterly news than it does with the full-year report.
NEWS from Medtronic
Medtronic announced overnight that it will invest $24 million in a joint venture with Apollo Hospitals Enterprises Ltd. of India to market an affordable and portable affordable and portable hemodialysis system there. The goal is to improve care for patients with End Stage Renal Disease, or ESRD.
New topic for wonks at the watercooler: is Janet Yellen about to become become the most powerful woman the U.S. has ever seen? A viable debate until there's a woman president or vice president. Answer depends on whether you think the Fed chair is more powerful than Secretary of State.
Quartz, the online business publication from the Atlantic, is taking an early stand...
Chick Fil-a is working its magic on the Twin Cities this morning...
Hundreds of people have formed lines outside the new Chick Fil-a restaurants in Maple Grove and Coon Rapids, which open tomorrow. They are the Atlanta-based chain's first free standing restaurants in Minnesota. It has outlets inside the Minneapolis-St. Paul International Airport and in dining facilities on three college campuses.
The first 100 people who camp out at a new store can win a year's worth of chicken sandwiches from the company. (That means one sandwich per week for a year.) And we're getting reports there are already lots of people ready to camp outside the two locations now.
In early November, the scene will be repeated at new Chick Fil-a sites in Apple Valley and Bloomington.
We'll auto-carry Twitter feeds from the Fed and from NY Times writer Binyamin Appelbaum for the next few hours as coverage builds toward the Yellen announcement.
Here's a preview of my Inside Track column this Sunday . . . .
Summit Academy, the Minneapolis nonprofit job-training agency, has been hired by the Minneapolis Sports Facilities Authority to identify qualified workers and ensure that construction of the proposed $975 million Minnesota Vikings stadium meets the state-mandated goal of employing 32 percent minorities and 6 percent women.
“This is a unique collaborative effort that brings together a strong team of 17 community partners to recruit, hire and train minorities, women and veterans,” said Summit CEO Louis King, who has successfully pushed local governments and trade unions for years to hire and train more minority workers, on projects such as Target Field, the Target Center roof and local roads and bridges.
Summit Academy, joined by Minneapolis Community and Technical College (MCTC) and St. Paul College, will lead a coalition of 17 organizations, including organized labor, that will assist with recruitment and outreach, provide construction-related training and facilitate job placement. In addition, a comprehensive database will be developed to capture existing and new minority, female and veteran workers, and make their data available to employers working on the project.