PERSONNEL
Xcel Energy Inc., Minneapolis, said Richard O'Brien has been elected to the company's board of directors, effective Aug. 1. He will serve on the board's Nuclear, Environmental and Safety Committee. O'Brien is president and chief executive of Newmont Mining Corp., Denver.
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North Metro
Walmart closing in Brooklyn Center, another north metro retail departure
Walmart's departure is the second major retailer to leave Brooklyn Center after the Target store a few blocks north closed in 2019.
Business
Supreme Court chews on Jack Daniel's dog toy dispute
A dispute between Jack Daniel's and the makers of a squeaking dog toy that mimics the whiskey's signature bottle gave the Supreme Court a lot to chew on Wednesday.
Business
Fed raises key rate by quarter-point despite bank turmoil
The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.
Business
Yields drop, stocks swing after Fed hikes interest rates
Stocks are veering between gains and losses and Treasury yields are falling after the Federal Reserve announced its latest increase to interest rates in its campaign to drive down inflation. The move was exactly in line with Wall Street's expectations. The S&P 500 was 0.2% higher Wednesday afternoon. The Dow and the Nasdaq also rose. Indexes had been little changed through the morning ahead of the Fed's decision. The Fed raised its key overnight rate by a quarter of a percentage point, the same size as its last hike. The Fed gave a hint that it may not tighten the screws much more on the economy.
Sports
Study: Most women's NCAA teams are still coached by men
Women comprised less than half the head coaching positions and just over half of the assistant coaching spots for women's college teams in the 2021-22 school year, according to a diversity study released Wednesday.
