Business

Business openings, closings, and local economic news.

John Deere to close two Iowa manufacturing plants

John Deere plans to close two Iowa manufacturing facilities and shift production elsewhere over the next several years. According to Progressive Farmer, the company will move windrower and round baler production from Ottumwa to Des Moines and transfer Hagie STS sprayer production from Clarion,...

Lila Johnson

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Children and community members participating in Fargo's YMCA Giving Tree program during the holiday season

Business

YMCA Giving Tree program returns for the holidays

As the holiday season approaches, families in Fargo are already feeling the warmth of community spirit, thanks to an annual tradition that brings hope and joy to children in need. Imagine a small child’s face lighting up as they clutch a new toy or cozy blanket, all made possible by the kindness of...

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George Tsamis, new manager of the Fargo-Moorhead RedHawks, celebrates his hiring.

Business

RedHawks hire former Twins pitcher, Saints manager George Tsamis to replace Coste

As the sun dipped below the horizon on a crisp November evening, the excitement in Fargo was palpable. Fans of the Fargo-Moorhead RedHawks buzzed with anticipation, eager to learn who would take the helm of their beloved baseball team. On November 5, that anticipation transformed into elation as...

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Business

Duluth vigilante sentenced for attempted arson of bait shop

In a small bait shop nestled in the heart of Brimson, Minnesota, a moment of terror unfolded on June 27 when Michael David Nelson Kunnari attempted to set the establishment ablaze. The owner, Thor Steenerson, found himself in a life-threatening situation as Kunnari poured gasoline across the floor,...

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A scientist working in a laboratory with advanced technology.

Business

China’s Qyuns Therapeutics licenses antibody program to Caldera in up to $780 million deal

In a significant move that underscores the growing synergy between international biotech firms, Qyuns Therapeutics has entered into a licensing agreement with Caldera Therapeutics that could be worth up to $780 million. The announcement, made on November 5, highlights the potential of early-stage...

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Fargo community discussing inflation concerns over coffee

Business

Fed’s Hammack favors gradual rate-hike path to lower inflation

On a chilly November morning in Fargo, a crowd gathered at a local coffee shop, their conversations buzzing with concern about rising prices and their impact on family budgets. Among them was Susan, a mother of three, who recounted how the cost of groceries has surged in recent months, forcing her...

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Ralph Lauren store with shoppers in Fargo

Business

Ralph Lauren raises annual revenue forecast

The sun was just beginning to rise over Fargo, casting a warm glow on the storefronts lining Broadway. Inside one of the local boutiques, a young woman excitedly tried on a bright blue Ralph Lauren sweater, her joy palpable as she admired her reflection. This scene, played out in shops across the...

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ConocoPhillips office building in Fargo, North Dakota

Business

ConocoPhillips beats estimates on higher oil prices, raises dividend

As the sun dipped below the horizon, painting the Fargo skyline in hues of orange and purple, news broke that ConocoPhillips had exceeded Wall Street expectations. The announcement came as a welcome surprise for investors, employees, and the community, signaling not just corporate success but also...

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A mother holding a baby with Huggies diapers in a cozy Fargo home

Business

Kimberly-Clark’s China diaper woes linger as it stands by annual outlook

In the heart of Fargo, where families cherish the little moments, the news of Kimberly-Clark's ongoing challenges in China resonates deeply. Picture a mother, cradling her newborn, reaching for a trusted Huggies diaper, only to be met with uncertainty. This scenario reflects not just a business...

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A busy street in Fargo with people using mobile devices.

Business

Deutsche Telekom says investors already pricing in SpaceX wireless threat

On a crisp November morning, the buzz of innovation fills the air as Fargo residents catch wind of a potential shake-up in the mobile communications landscape. Picture a local entrepreneur, Sarah, who relies on her smartphone for her small business, pondering how new competitors might affect her...

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Construction site in Fargo, representing the local housing market

Business

Housebuilding slump drags down UK construction activity, PMI shows

On a brisk November morning in Fargo, the sound of construction equipment is noticeably absent. For many local families, the dream of homeownership seems increasingly elusive as the housebuilding slump reverberates through the economy. This echoes a broader trend seen across the Atlantic, where the...

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