She says changes too sweeping; relief delayed
U.S. Bancorp (USB) on Wednesday reported net income of $1.478 billion for the fourth quarter of 2016, 82 cents per diluted common share, compared with $1.476 billion, or $80 cents per diluted common share, in the fourth quarter of 2015.
The John S. and James L. Knight Foundation announced 144 finalists, including three in Duluth, in its third annual Knight Cities Challenge, a national call for ideas to make the 26 communities where Knight invests more vibrant places to live and work.
Wells Fargo Inc. reported a decline in net income for 2016 compared with the prior year. Net income was $21.9 billion compared with $22.9 billion in 2015, the financial services firm said in its full-year report. Full year return on assets was 1.16 percent and return on equity was 11.49 percent.
U.S.-flag Great Lakes freighters (lakers) moved 83.3 million tons of cargo in 2016, a decrease of 4.5 percent compared with 2015. The 2016 float was also 7.7 percent below the fleet’s five-year average, the Lake Carriers' Association said Friday.