NEW BUSINESS
BAE Systems, Fridley, has received a $33.6 million contract from the Office of Naval Research to develop and demonstrate a Hyper Velocity Projectile (HVP). The HVP is a next-generation, guided object capable of completing multiple missions for the Electromagnetic Railgun, as well as existing 5-inch and 155-mm gun systems.
DEBT AND EQUITIES
G&K Services Inc., Minnetonka, declared a quarterly dividend of 27 cents per share, payable Dec. 20 to shareholders of record on Dec. 4.
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Minneapolis
Minneapolis approves $15 minimum for cigarette packs, highest in U.S.
The city's tobacco crackdown allows existing limited "sampling" inside cigar lounge.
Business
As Biden celebrates computer chip factories, voters wait for the promised production to start
President Joe Biden has a great economic story to tell voters a decade from now, less so in 2024.
Business
Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses
Union Pacific's first-quarter profit crept 1% higher as the railroad tightened up on expenses — particularly its fuel bill — even though it delivered slightly less freight.
Business
The TikTok law kicks off a new showdown between Beijing and Washington. What's coming next?
TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company, a move almost certainly backed by Chinese authorities as the bitter U.S.-China rivalry threatens the future of a wildly popular way for young people in America to connect online.
Business
Stock market today: Wall Street tumbles after dispiriting data on the economy, as Meta sinks
U.S. stocks are tumbling Thursday after a dispiriting cocktail of data suggested both that the economy's growth is flagging and that inflation remains stubbornly high. A sharp drop for Meta Platforms, one of Wall Street's most influential stocks, also dragged the market lower.
