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Audit finds eligibility problems in system result in a continued high rate of overpayments. By CHRISTOPHER SNOWBECK [email protected] A new audit finds continued trou- ble for Minnesota when it comes to determining who is eligible for public health insurance programs, with the latest report finding errors in one out of every six cases reviewed. The audit commissioned by the Department of Human Services reviewed 300 eligibility determina- tions for people covered through the public insurance programs between October 2015 and January 2016. It found errors in 50 cases, or 16.7 percent of the total. Those cases accounted for more than $25,000 in overpayments during the four-month period reviewed. “These error rates are too high,” said Chuck Johnson, a deputy com- missioner with the state’s Depart- ment of Human Services during a legislative hearing near the Capitol. “We’re disappointed in the findings.” Johnson said the error rate is lower than what Legislative Auditor James Nobles found in a report that shook up the Capitol last year, with its pro- jection that the state might have spent up to $271 million in overpayments during a five-month period. Nobles put the error rate at 38 percent. However, the new audit docu- ments an error rate that’s higher than the rate seen in a separate internal audit that DHS officials cited last year when pushing back against the find- ings from Nobles. DHS commissioned the new audit after the report from Nobles, which looked at a sample of 157 cases and then extrapolated the findings across a much larger group of people cov- ered through the Medicaid and Errors still plague state insurance programs Sand and dirt allegedly placed on meat at a Gold’n Plump plant led to large recall in June. By KRISTEN LEIGH PAINTER [email protected] A former Gold’n Plump factory worker faces two felony charges for allegedly putting sand and dirt on chicken meat at the company’s Cold Spring, Minn., plant. The state of Minnesota alleges in its complaint that Faye Marie Slye, 36, committed first-degree damage to property in excess of $202,000. The charges stem from a contamina- tion incident in June that resulted in a GNP Co. recall of more than 55,000 pounds of Gold’n Plump and Just Bare chicken products that were primarily sold to food-service vendors. Cold Spring police and the FBI began investigating the incident on June 9, after hearing that several whole chickens, which had already been cleaned and put in large bags, were now contaminated with “a dirt or ash substance,” according to the criminal complaint. The incidents happened on two consecutive days, June 7 and June 8, during the early morning hours. GNP declined to comment because it is a pending legal case. Slye was charged on Jan. 26, according to the complaint. There is no defense attorney listed on the court documents. A call to a mobile number registered to Slye was not returned. According to the complaint: Surveillance video from June 7 Ex-chicken plant worker is charged DOW 20,090.29 s 37.87 S&P 500 2,293.08 s 0.52 NASDAQ 5,674.22 s 10.67 10-YR T-NOTE 2.40% t 0.01 GOLD $1,234.20 s 4.20 EURO in dollars 1.0696 t -.0052 OIL $52.17 t 0.84 BUSINESS STARTRIBUNE.COM/BUSINESS • SECTION D Slow growth expected in near future for Mosaic. D2 Health tech hit a slow patch in fourth quarter. D2 Winner, Best Business Columnist, Lee Schafer Awarded by the Society of American Business Editors and Writers (2016) Photos by ALASTAIR GRANT • Associated Press º A replica of the “Maria” robot featured in Fritz Lang’s 1927 classic silent film “Metropolis” was among the items on dis- play Tuesday at the Science Museum in London as part of a robotics exhibit. The unusual exhibition shows 500 years of mechanical and robotic advances. Ø Animatronic baby London 2016, a mechanical human baby with an electronic umbilical cord, is among the 100 robots in the exhibit. Also featured are the cyborg from “The Terminator” movie in 1984 and Robby the Robot from the 1956 film “Forbidden Planet.” The exhibit continues through Sept. 3. Full story in Digital Life on page D6. Robots of all ages, through the ages Among them are three in Minnesota: Two at MOA and a third at the Albertville outlets. By KAVITA KUMAR [email protected] Add BCBG to the list of apparel chains whose stores will disappear from many shopping malls in 2017. The California-based firm BCBG Max Azria Group Inc. is shuttering about 120 stores, primarily in the U.S., including its three remaining stand-alone boutiques in Minnesota. The stores, which sell higher-end women’s apparel and accessories, have started liquidation sales that are expected to last eight to 10 weeks. The company’s two stores at the Mall of America, one under the BCBGen- eration brand and the other called BCBGMaxazria, are among those closing. So is a store at Albertville Premium Outlets. “These stores either are unprofit- able or have untenable lease agree- ments,” Seth Lubove, a spokesman for BCBG, said in a statement. The company did not disclose how many stores it has, but Bloom- berg recently reported it has more than 570 worldwide, including more than 175 in the U.S. The store clos- ings represent less than a third of the chain’s U.S. stores, Lubove said. BCBG’s mini-shops inside of Macy’s — including those at Rose- dale Center, Southdale Center, Ridgedale Center, Burnsville Center and Maplewood Mall — will remain intact. A stand-alone store at the Retailer BCBG closing 120 stores KAVITA KUMAR • [email protected] BCBG Max Azria Group Inc. is closing 120 stores, including two at Mall of America, to reduce its physical presence and focus more on online sales. Minneapolis Fed chief cited key economic measures to explain reasoning for first FOMC vote. By EVAN RAMSTAD [email protected] Minneapolis Fed President Neel Kashkari, just a week after his first vote on the nation’s interest rates, published an online essay explain- ing it, an unusual move for a mem- ber of the central bank’s policy com- mittee. Kashkari wrote in the Tuesday blog that he voted with the broader panel last Wednesday to keep the federal funds rate steady, because inflation is in check and the U.S. economy is not at maximum employment. Higher inflation and full employ- ment are signals of an overheating economy, which the Fed panel would seek to cool by raising rates. The Federal Reserve’s rate-setting Open Market Com- mittee, or FOMC, in late 2015 ended seven years of near-zero interest rates with a quarter-point increase, then held off for most of last year before making another quarter- point move in December. Kashkari, who this year gets a vote on the panel as part of a rota- tion with other leaders of regional Fed banks, has written several blog posts on the Medium.com website in recent months and took to the site again with the explanation of his first vote. Move sought by Mick McGuire comes as the latest results missed analysts’ expectations. By EVAN RAMSTAD [email protected] Buffalo Wild Wings Inc. execu- tives said Tuesday they would sell a portion of its company-owned res- taurants, a step sought by an activ- ist investor, as part of a broader response to a leveling of growth. The news came as the company reported that its fourth-quarter profit fell 38 percent, well below expectations, due to a decline in sales at comparable restaurants and a sharp jump in the cost of chicken wings, the main item on the chain’s menu. In discussing the results with investors and analysts on a confer- ence call, executives announced they are exploring the sale of about 10 percent of the chain’s 631 company- owned restaurants to franchisees. They have identified another 10 percent for steps to improve their financial performance. Activist investor Mick McGuire, principal at Marcato Capital Invest- ment in San Francisco, since taking a stake in the firm last summer has pressured executives to sell most of its company-owned restaurants to franchisees. Executives aren’t going as far as McGuire has urged, but they said they see the initial sale as an experi- ment that may be expanded. “This is a dynamic process,” Sally Smith, the company’s chief execu- tive, said on the call. She added Kashkari See CLOSING on D2 Ø See AUDIT on D2 Ø See CHARGES on D2 Ø See FED on D3 Ø See WINGS on D2 Ø Kashkari explains his vote on keeping interest rates steady Wild Wings, in bow to investor, will sell some of its restaurants WEDNESDAY, FEBRUARY 8, 2017
Transcript of Wed, Feb 8 StarTribune Businessapps.startribune.com/eedition_ipad/pdfs/2017/02/08/Star... ·...
Audit finds eligibility problems in system result in a continued high rate of overpayments.
By CHRISTOPHER SNOWBECK [email protected]
A new audit finds continued trou-ble for Minnesota when it comes to determining who is eligible for public health insurance programs, with the latest report finding errors in one out of every six cases reviewed.
The audit commissioned by the Department of Human Services reviewed 300 eligibility determina-tions for people covered through the public insurance programs between October 2015 and January 2016.
It found errors in 50 cases, or 16.7 percent of the total. Those cases accounted for more than $25,000 in overpayments during the four-month period reviewed.
“These error rates are too high,” said Chuck Johnson, a deputy com-missioner with the state’s Depart-ment of Human Services during a legislative hearing near the Capitol. “We’re disappointed in the findings.”
Johnson said the error rate is lower than what Legislative Auditor James Nobles found in a report that shook up the Capitol last year, with its pro-jection that the state might have spent up to $271 million in overpayments during a five-month period. Nobles put the error rate at 38 percent.
However, the new audit docu-ments an error rate that’s higher than the rate seen in a separate internal audit that DHS officials cited last year when pushing back against the find-ings from Nobles .
DHS commissioned the new audit after the report from Nobles, which looked at a sample of 157 cases and then extrapolated the findings across a much larger group of people cov-ered through the Medicaid and
Errors still plague state insurance programs
Sand and dirt allegedly placed on meat at a Gold’n Plump plant led to large recall in June.
By KRISTEN LEIGH PAINTER [email protected]
A former Gold’n Plump factory worker faces two felony charges for allegedly putting sand and dirt on chicken meat at the company’s Cold Spring, Minn., plant.
The state of Minnesota alleges in its complaint that Faye Marie Slye, 36, committed first-degree damage to property in excess of $202,000. The charges stem from a contamina-tion incident in June that resulted in a GNP Co. recall of more than 55,000 pounds of Gold’n Plump and Just Bare chicken products that were primarily sold to food-service vendors.
Cold Spring police and the FBI began investigating the incident on June 9, after hearing that several whole chickens, which had already been cleaned and put in large bags, were now contaminated with “a dirt or ash substance,” according to the criminal complaint.
The incidents happened on two consecutive days, June 7 and June 8, during the early morning hours.
GNP declined to comment because it is a pending legal case.
Slye was charged on Jan. 26, according to the complaint. There is no defense attorney listed on the court documents. A call to a mobile number registered to Slye was not returned.
According to the complaint:Surveillance video from June 7
Ex-chicken plant worker is charged
DOW 20,090.29 s 37.87 S&P 500 2,293.08 s 0.52 NASDAQ 5,674.22 s 10.67 10-YR T-NOTE 2.40% t 0.01 GOLD $1,234.20 s 4.20 EURO in dollars 1.0696 t -.0052OIL $52.17 t 0.84
BUSINESSS TA R T R I B U N E . C O M / B U S I N E S S • S E C T I O N D
Slow growth expected in near future for Mosaic. D2
Health tech hit a slow patch in fourth quarter. D2Winner, Best Business Columnist, Lee Schafer
Awarded by the Society of American Business Editors and Writers (2016)
Photos by ALASTAIR GRANT • Associated Press
º A replica of the “Maria” robot featured in Fritz Lang’s 1927 classic silent film “Metropolis” was among the items on dis-play Tuesday at the Science Museum in London as part of a robotics exhibit. The unusual exhibition shows 500 years of mechanical and robotic advances.
Ø Animatronic baby London 2016, a mechanical human baby with an electronic umbilical cord, is among the 100 robots in the exhibit. Also featured are the cyborg from “The Terminator” movie in 1984 and Robby the Robot from the 1956 film “Forbidden Planet.” The exhibit continues through Sept. 3. Full story in Digital Life on page D6.
Robots of all ages, through the ages
Among them are three in Minnesota: Two at MOA and a third at the Albertville outlets.
By KAVITA KUMAR [email protected]
Add BCBG to the list of apparel chains whose stores will disappear from many shopping malls in 2017.
The California-based firm BCBG Max Azria Group Inc. is shuttering about 120 stores, primarily in the U.S., including its three remaining stand-alone boutiques in Minnesota.
The stores, which sell higher-end women’s apparel and accessories, have started liquidation sales that are expected to last eight to 10 weeks. The company’s two stores at the Mall of America, one under the BCBGen-
eration brand and the other called BCBGMaxazria, are among those closing. So is a store at Albertville Premium Outlets.
“These stores either are unprofit-able or have untenable lease agree-ments,” Seth Lubove, a spokesman for BCBG, said in a statement.
The company did not disclose how many stores it has, but Bloom-berg recently reported it has more than 570 worldwide, including more than 175 in the U.S. The store clos-ings represent less than a third of the chain’s U.S. stores, Lubove said.
BCBG’s mini-shops inside of Macy’s — including those at Rose-dale Center, Southdale Center, Ridgedale Center, Burnsville Center and Maplewood Mall — will remain intact. A stand-alone store at the
Retailer BCBG closing 120 stores
KAVITA KUMAR • [email protected] Max Azria Group Inc. is closing 120 stores, including two at Mall of America, to reduce its physical presence and focus more on online sales.
Minneapolis Fed chief cited key economic measures to explain reasoning for first FOMC vote.
By EVAN RAMSTAD [email protected]
Minneapolis Fed President Neel Kashkari , just a week after his first vote on the nation’s interest rates, published an online essay explain-ing it, an unusual move for a mem-ber of the central bank’s policy com-mittee.
Kashkari wrote in the Tuesday blog that he voted with the broader panel last Wednesday to keep the federal funds rate steady, because inflation is in check and the U.S. economy is not at maximum employment.
Higher inflation and full employ-
ment are signals of an overheating economy, which the Fed panel would seek to cool by raising rates.
T h e Fe d e r a l Reserve’s rate-setting Open Market Com-mittee, or FOMC, in late 2015 ended seven years of near-zero interest rates with a quarter-point increase, then held off for most of last year before making another quarter-point move in December.
Kashkari, who this year gets a vote on the panel as part of a rota-tion with other leaders of regional Fed banks, has written several blog posts on the Medium.com website in recent months and took to the site again with the explanation of his first vote.
Move sought by Mick McGuire comes as the latest results missed analysts’ expectations.
By EVAN RAMSTAD [email protected]
Buffalo Wild Wings Inc. execu-tives said Tuesday they would sell a portion of its company-owned res-taurants, a step sought by an activ-ist investor, as part of a broader response to a leveling of growth.
The news came as the company reported that its fourth-quarter profit fell 38 percent, well below expectations, due to a decline in sales at comparable restaurants and a sharp jump in the cost of chicken wings, the main item on the chain’s menu.
In discussing the results with
investors and analysts on a confer-ence call, executives announced they are exploring the sale of about 10 percent of the chain’s 631 company-owned restaurants to franchisees.
They have identified another 10 percent for steps to improve their financial performance.
Activist investor Mick McGuire, principal at Marcato Capital Invest-ment in San Francisco, since taking a stake in the firm last summer has pressured executives to sell most of its company-owned restaurants to franchisees.
Executives aren’t going as far as McGuire has urged, but they said they see the initial sale as an experi-ment that may be expanded.
“This is a dynamic process,” Sally Smith, the company’s chief execu-tive, said on the call. She added
Kashkari
See CLOSING on D2 Ø
See AUDIT on D2 Ø
See CHARGES on D2 Ø See FED on D3 Ø See WINGS on D2 Ø
Kashkari explains his vote on keeping interest rates steady
Wild Wings, in bow to investor, will sell some of its restaurants
ZSW [C M Y K] D1 Wednesday, Feb. 8, 2017
W E D N E S DAY, F E B R U A RY 8 , 2 0 1 7
Galleria in Edina closed last year.
BCBG was founded by designer Max Azria and is a brand that has often been worn by celebrities. As sales have been pressured by online shopping, the fashion house is repositioning itself to have fewer stores while expanding its online presence and main-taining boutiques inside other stores and other wholesale and licensing agreements.
“Like so many other great brands, BCBG has been nega-tively impacted by the growth in online sales and shifts in customer shopping patterns
and, as a result, has too large a physical retail footprint,” BCBG said last month when it disclosed restructuring plans.
The number of stores clos-ing was disclosed recently. “In order to remain viable, the company, like so many others in its industry, must realign its business to effectively com-pete in today’s shopping envi-ronment,” the company said.
BCBG is the latest retailer to shutter a sizable portion of its store portfolio in what has been a rough start to 2017 for many companies. The Lim-ited and Wet Seal are closing or have already closed all of their stores nationwide fol-
lowing bankruptcies. Ameri-can Apparel also is preparing to close all of its physical stores in coming weeks. And Macy’s is planning to shutter about 100 stores, including its flagship store on Nicollet Mall.
The shift to online shopping is one of the major forces caus-ing the upheaval, as is consum-ers’ preference for fast-fashion chains such as Zara and H&M as well as off-price concepts such as T.J. Maxx.
The Rockport shoe store at the Mall of America, open for more than 20 years, also is closing. The family that runs it used to also operate stores at Rosedale and Ridgedale. The
MOA location is its last.“Brick and mortar is not
necessarily gaining any more customers these days,” said Kelsey Klein, who runs the store with her family. “We just decided it was time for us to move out and get out while we’re ahead.”
She added that it was one of the last Rockport stores left in the Midwest. The brand is also sold online and can also be found at department stores such as Macy’s.
Another casualty at the Mall of America is Deck the Walls, the art and framing store. It closed at the end of January, according to its Face-book page.
Kavita Kumar • 612-673-4113
MINNESOTA
EARNINGS
B I O -T E C H N E C O R P.(TECH )The company makes hematology controls and biotechnology products for research scientists.
2ND QUARTER FY2017, 12/31 2017 2016 Revenue $131.8 $120.9 +9.0Income 6.3 25.9 –75.6Earn/share 0.17 0.69 –75.4
6 MONTHSRevenue $262.4 $233.3 +12.5Income 22.6 48.6 –53.5Earn/share 0.60 1.30 –53.8Figures in millions except for earnings per share.
B U F FA L O W I L D W I N G S I N C .(BWLD) A restaurant chain featuring a fast-casual grill and sports-bar concept.
4TH QUARTER FY2016, 12/31 2016 2015 Revenue $494.2 $490.2 +0.8Income 15.6 25.3 –38.2Earn/share 0.87 1.32 –34.1
12 MONTHSRevenue $1,986.8 $1,812.7 +9.6Income 94.7 95.1 –0.3Earn/share 5.12 4.97 +3.0Figures in millions except earnings per share.
E L E C T R O M E D I N C .(ELMD) Makes products that provide airway clearance ther-apy to patients with compro-mised pulmonary function.
2ND QUARTER FY2017, 12/31 2017 2016 Revenue $6.4 $6.3 +1.8Income 0.4 1.1 –58.4Earn/share 0.05 0.13 –61.5
6 MONTHSRevenue $11.9 $11.3 +5.8Income 0.6 1.4 –54.9Earn/share 0.08 0.17 –52.9Figures in millions except earnings per share.
S P S C O M M E R C E I N C .(SPSC) Provides cloud-based digital retail solutions.
4TH QUARTER FY2016, 12/31 2016 2015 Revenue $51.1 $42.3 +20.6Income 1.8 2.1 –15.3Earn/share 0.10 0.12 –16.7
12 MONTHSRevenue $193.3 $158.5 +21.9Income 5.7 4.6 +23.1Earn/share 0.33 0.27 +22.2Figures in millions except earnings per share.
The company sees a gradual upswing, but it also slashed its dividend.
By TOM MEERSMAN [email protected]
A tough farm economy has meant lower fertilizer prices for Mosaic Co. for the past couple of years — and a sharp profit drop at the end of 2016 — but company officials said they see a slow turnaround taking shape.
The global fertilizer com-pany based in Plymouth said it earned $12 million in the last three months of the year, down from $155 million in the fourth quarter of 2015. The company also slashed its targeted annual dividend to 60 cents a share, down 45 percent from $1.10.
“While we are confident the market bottom is behind us, the pace of improvement is expected to be gradual,” Chief Executive Joc O’Rourke said in
a statement.Adjusted for one-time costs,
the company earned 26 cents a share in the quarter, which was 13 cents higher than analysts polled by Thomson Reuters were expecting.
Sales were $1.9 billion, down from $2.2 billion in the same period the year before.
Mosaic is one of the world’s largest fertilizer companies, mining potash and phosphate and processing those minerals into crop nutrients. Its largest potash operations are in Sas-katchewan; its biggest phos-phate mines are in south-cen-tral Florida.
The company is optimistic about prices turning around in 2017, said O’Rourke in a confer-ence call with analysts.
One factor is that Chinese production and exports of phosphate products declined significantly in 2016 and are likely to drop more in the com-ing year, he said. The changes are being driven by Chinese
concerns that some of its older and inefficient produc-tion facilities need to be shut down and rebuilt to become profitable and reduce air and water pollution.
Mike Rahm, Mosaic’s vice president of market and stra-tegic analysis, said the outlook for 2017 also includes broad-based growth and demand for phosphate products in Brazil and India, as well as emerging markets in Africa, Argentina, the former Soviet Union and Southeast Asia.
Despite those positive con-ditions, the company said it expects the pace of improve-ment to remain slow through 2017 and decided to cut divi-dends “to maintain a strong financial position.”
Christopher Muir, an equity analyst for CFRA Research, said that his firm was lower-ing its target price for Mosaic stock by $1 to $35 because of the lower earnings-per-share estimates for 2017 and the divi-
dend cut. “We see some pres-sure on fertilizer affordability later in 2017, but think that volumes and prices will con-tinue to rise slowly,” he said in a research note.
The stock’s 52-week trading range is $22.20 to $33.99. Shares traded up 20 cents, or 0.62 per-cent, on Tuesday, and closed at $32.23 for the day.
Tom Meersman • 612-673-7388
Slow growth ahead for Mosaic
M O S A I C C O .(MOS) Produces and distrib-utes concentrated phosphate and potash, crop nutrition products and feed ingredients.
4TH QUARTER FY2016, 12/31 2016 2015 Revenue $1,862.0 $2,163.2 –13.9Income 12.0 155.0 –92.3Earn/share 0.03 0.44 –93.2
12 MONTHSRevenue $7,162.8 $8,895.3 –19.5Income 297.8 1,000.4 –70.2Earn/share 0.85 2.78 –69.4Figures in millions except for earnings per share.
BCBG closing 120 stores; three are in stateø CLOSING from D1
showed Slye lingering back from co-workers on the pro-cessing floor near where the contaminated chickens were discovered. She was seen removing her gloves and pro-tective plastic sleeves before
looking into the pockets of her smock and then brushing her bare hands over the pocket area. Slye was the last person to leave the area.
Officers later collected her plastic sleeves and found the same gritty substance on them
as was on the chickens.On June 9, the officers
interviewed Slye, who said she heard about the incidents from a colleague. She later said she had collected sand and dirt from the factory’s parking lot and placed it in small plastic
bags. Slye said it was sand the first night and dirt the second night. Tests conducted by the Minnesota Department of Health and an FBI lab con-firmed these materials.
Slye’s first appearance is scheduled for April 3 at the Stearns County Courthouse.
Kristen Leigh Painter • 612-673-4767
Ex-worker charged in contamination recallø CHARGES from D1
executives still believe the company can reach a goal of a 20 percent operating margin by 2020, up from 15.6 percent on a restaurant level in the lat-est period, and that they need to arrest a decline in sales at comparable restaurants, or those open at least a year.
“If we don’t see same-store sales rebounding, and can’t effectively work toward the 20 percent margin, we will look at other alternatives,” Smith said.
The company said Tuesday it earned $15.6 million, or 87 cents a share, during the last three months of 2016. Ana-lysts expected a profit of $1.27 a share. Revenue rose about 1 percent to $494.2 million. But comparable sales fell 4 percent in company-owned units and 3.9 percent in franchised units.
Costs of traditional chicken wings rose to $1.99 a pound in the quarter, up 10 percent from
$1.81 a year ago. Executives said they expect that price inflation to slow in 2017 to around 3.5 percent to 4.5 percent.
They forecast comparable sales to rise 1 percent to 2 per-cent this year.
The Golden Valley-based company was one of the fast-est-growing restaurant chains in the country over the last decade with an all-ages con-cept revolving around wings, sandwiches and sports. But that growth started to level off last year and, like other fast-casual chains, Buffalo Wild Wings felt pressure as takeout food and value pricing rose in appeal with consumers.
Then in July, McGuire took a sizable stake in the firm and he launched a series of state-ments urging the company to shift from its 50-50 split of company- and franchisee-owned units to a mix in which franchisees owned 90 percent
of the restaurants. Such a move would substantially reduce the company’s real estate hold-ings and expenses, McGuire argued.
On Monday, McGuire proposed a slate of four new directors to join the company’s nine-person board, including himself.
In the call with analysts, Alexander Ware, the compa-ny’s chief financial officer, said executives and external advis-ers in recent weeks studied a variety of restaurant portfolio options, including the 90 per-cent franchisee model sought by McGuire.
For that option to create value, Ware said the company would, among other things, have to sell about 500 restau-rants at higher multiples than were realistic, cut expenses below those of similarly-sized restaurant chains and buy back shares below fair value.
Instead, Ware said Buf-falo Wild Wings will test the effect of selling off a portion of its company-owned units, chiefly those that are single units in markets. He called the move “pragmatic” and said it is “based on specific goals and initiatives that we control and yet supports an openness to exploring the market and determining how value may best be built over time.”
Even as it begins the sale of some of its company-owned locations, Buffalo Wild Wings will continue to expand its 1,200-unit chain this year.
Executives said they expect to start 15 new company-owned restaurants in the U.S., 15 franchised locations in the U.S., and 20 franchised loca-tions outside the U.S.
The company also said it would expand its R Taco chain with two company-owned res-taurants and 12 to 15 franchised locations this year.
Evan Ramstad • 612-673-4241
Buffalo Wild Wings selling some outletsø WINGS from D1
MinnesotaCare programs. The programs cover more than 850,000 people in the state.
While the new audit looked at a larger sample size, auditors said they could not extrapolate from the findings to project total overpayments across the vast public health insurance programs.
During the time period covered in the new audit, DHS went through a chaotic year-end renewals process that included thousands of people who were poised to be cut off from coverage, even though they had submitted paperwork as requested by the department.
On New Year’s Eve, DHS decided the problems were so widespread that they sim-ply extended coverage into January 2016 — a process that likely contributed to some of the eligibility errors found in the new audit, Johnson said on Tuesday.
He said state officials “knew we would identify some issues during this period.”
“We know that there are issues with eligibility,” said Rep. Matt Dean, R-Dellwood, following the hearing. “Eligi-bility determination is one of many problems at MNsure.”
The eligibility determina-tions are made by a computer system called the Minnesota Eligibility Technology Sys-tem, or METS.
Until November 2015,
state officials referred to this computer system as MNsure.
The audit documented system problems, as well as errors related to the agency workers who use the com-puter system.
The audit report found that the majority of errors were caused by the system.
“These were mainly inter-face issues where METS accurately closed the case, but that key information was not accurately transferred to the payment system,” the report said.
“When this happens, cov-erage remains open in [the payment system], meaning bills were still being paid for the recipient, and capitation payments were still being paid on behalf of the recipi-ent,” the report stated.
Since 2014, the state has used this MNsure-METS sys-tem for determining eligibil-ity for those in Medicaid and MinnesotaCare.
The state developed the system as part of its launch of the new MNsure health insurance exchange for indi-vidual who buy commercial coverage.
Medicaid provides health insurance to a variety of groups, including adults with incomes at or below the pov-erty line. MinnesotaCare cov-ers a slightly higher-income group often described as the “working poor.”
Christopher Snowbeck • 612-673-4744Twitter: @chrissnowbeck
Money trailed off in the last three months of 2016 amid concern over fate of the Affordable Care Act.
By JOE CARLSON [email protected]
Last year was on track to become a record-setter for investments in health tech-nology companies. Instead, 2016 ended with a solid, but not mind-blowing, tally in the state’s health-tech sector.
In 2016, 98 Minnesota health technology compa-nies raised more than $420 million in equity invest-ments, including venture capital funding, angel and seed funds, investments by large device companies, public stock offerings and convertible debt, according to data published Tuesday by the Medical Alley Asso-ciation trade group.
The full-year tally was the lowest in three years. Minne-sota’s 2016 total was about 8 percent below the record, which was in 2015.
“Investment in the sector across the U.S. is down, so for our community to continue to perform at a fairly highly level is a good story around med-tech for us,” Medical Alley Chief Executive Shaye Mandle said.
Last year’s slow finish was surprising, given that the Medical Alley Association touted the first three quar-ters of 2016 as a record tally of fundraising.
But fundraising activity in the fourth quarter didn’t keep pace.
Mandle said the fourth-quarter dip was probably related to uncertainty fol-lowing November’s election results, particularly ques-tions about the fate of the Affordable Care Act.
“Whether the ACA is going to continue, or if we’re talking repeal-and-replace, there is a big variable there,” he said. “I think the fourth quarter slowed up a little bit around health care, in par-ticular for companies with products and solutions that were particularly relevant to the ACA blueprint.”
But the group believes the 2.3 percent medical device excise tax included as part of
the ACA will be repealed, fol-lowing the ongoing temporary suspension. Funds freed up when the device tax was sus-pended in late 2015 were likely channeled into research and development, which could make some companies more valuable to private equity investors in the near term.
In terms of traditional med-tech companies, the largest single investment went to Minneapolis-based CVRx, which received $57.5 million as it continues to commercialize and work to expand the approved indi-cations for its implantable Barostim Neo device.
A bright spot in the report was in the realm of digital health, in which companies sell products that typically use data, analytics and com-munications technologies to improve health care.
Digital health companies in the state raised $127 mil-lion in 2016, more than a sixfold increase since 2012. The largest award went to Minneapolis start-up Bright Health, which received $80 million to launch narrow-network health insurance plans, beginning with plans in Colorado.
“If the digital health rev-olution has an epicenter, it just might be in Minnesota’s Medical Alley,” the report opined. “Medical Alley has consistently ranked as one of the world’s highest perform-ing medical device clusters and now adds digital health to its leadership ranks.”
Joe Carlson • 612-673-4779
Health tech hit slow patch in Q4
E Q U I T Y I N V E S T M E N T S I N M I N N E S O T A H E A L T H T E C H N O L O G Y C O M P A N I E S :
2016: $420.3 million2015: $456.3 million2014: $435.5 million2013: $346.2 million2012: $255.5 million
Source: Medical Alley Association
Audit: Errors still plague state insurance systemø AUDIT from D1
ZSW [C M Y K] D2 Wednesday, Feb. 8, 2017
D2 • S TA R T R I B U N E B U S I N E S S W E D N E S DAY, F E B R U A RY 8 , 2 0 1 7
Kashkari wrote the essay to “enhance transparency” of the Fed “without adding to the cacophony,” a nod to the oft-followed speeches and events involving Fed officials around the country.
“Rather than predicting what will happen next, I am explaining why I voted the way I voted as a case study,” he wrote.
It wasn’t clear whether Kashkari will write an essay after every vote during his time on the FOMC. There are seven more this year. He wasn’t available for com-ment Tuesday, a bank spokes-woman said.
In the essay, he wrote that inflationary pressures may be building in the economy but 12-month core inflation, which excludes food and energy prices, is at 1.7 per-cent, below the Fed’s target of 2 percent.
“Even if it met or exceeded our target, 2.3 percent should not be any more concerning than the current reading of 1.7 percent, because our target is symmetric,” he wrote.
On jobs, Kashkari wrote that the U.S. may be close to full employment but the tar-get may also be moving. In
2012, he noted, the Fed’s per-ception for full employment was an unemployment rate of 5.6 percent.
Today, the nation is at 4.8 percent but there are other indicators of some slack in jobs.
“We also know that the aggregate national averages don’t highlight the serious challenges individual com-munities are experiencing,” he wrote. “For example, today while the headline unemployment rate for all Americans is 4.8 percent, it is 7.7 percent for African Americans and 5.9 percent for Hispanics.”
He acknowledged that the FOMC’s statement, published with its decision after every meeting, already reveals the reasons behind it. But he said the language in those statements are a com-promise among the commit-tee’s members.
“It’s hard for compromise language to capture any indi-vidual participant’s think-ing,” Kashkari wrote. “Plus, let’s be honest, the FOMC statements can be somewhat difficult for the general pub-lic to decipher.”
Evan Ramstad • 612-673-4241
Blocks on new accounts, “safe search” coming.
By BARBARA ORTUTAY and MICHAEL KUNZELMAN Associated Press
NEW YORK – Twitter announced Tuesday that it is expanding efforts to protect its users from abuse and harass-ment, the latest milestone in a broader, growing corporate campaign to crack down on online hate.
The social media giant said it has begun identifying peo-ple who have been banned for abusive behavior and it will stop them from creating new accounts. The company said its changes, which also include a new “safe search” feature, will be implemented in the coming weeks.
In July, Twitter banned con-servative provocateur Milo Yiannopoulos, an editor of the right-wing news site Breitbart News, for “participating in or inciting targeted abuse of indi-viduals.” Twitter subsequently suspended the accounts of other prominent figureheads of the “alt-right” fringe move-ment, an amorphous mix of racism, white nationalism, xenophobia and antifeminism.
Twitter has been under fire for failing to address hate
and abuse on the site since its founding a decade ago. Bal-ancing its reputation as a free speech haven has come into conflict with protecting users.
Other internet companies have taken recent steps to curb abusive behavior and ban users who violate rules against promoting hate.
Reddit banned a forum for white nationalists from its social news website last Wednesday. A message at the link for the “r/altright” sub-
reddit attributed its ban to an impermissible “proliferation of personal and confidential information.”
Also last week, the crowd-funding website GoFundMe removed a campaign for a conservative author and self-described “researcher” on the internet conspiracy theory known as “pizzagate,” which alleged with no evidence that Democrats were running a child sex ring out of a Wash-ington, D.C., pizza shop. Brit-
tany Pettibone had launched her GoFundMe campaign for a video podcast about “tradi-tional values that once made Western Civilization great,” including “love of one’s own culture, race and country.”
Also on Tuesday, Twit-ter said it’s creating a “safe search” feature that removes tweets with potentially sensi-tive content and tweets from blocked and muted accounts from search results.
Twitter expands curbs on abuse
JEREMY PAPASSO • Daily Camera via Associated PressMilo Yiannopoulos, shown speaking last month in Boulder, Colo., was banned from Twitter last summer for “participating in or inciting targeted abuse of individuals.”
Kashkari explains his first FOMC rates voteø FED from D1
ZSW [C M Y K] D3 Wednesday, Feb. 8, 2017
W E D N E S DAY, F E B R U A RY 8 , 2 0 1 7 B U S I N E S S S TA R T R I B U N E • D3
NOTICE OF MORTGAGE
FORECLOSURE SALE
THE RIGHT TO VERIFICATION OFTHE DEBT AND IDENTITY OF THEORIGINAL CREDITOR WITHIN THETIME PROVIDED BY LAW IS NOT AF-FECTED BY THIS ACTION.NOTICE IS HEREBY GIVEN, that de-fault has occurred in the condi-tions of the following describedmortgage:Mortgagor: Daniel M Drain, a sin-gle personMortgagee: Mortgage ElectronicRegistration Systems, Inc. as nom-inee for American Mortgage &Equity Consultants, Inc.Dated: 03/22/2012Filed: 04/13/2012Hennepin Registrar of Titles Docu-ment No. T4946612 Against Certifi-cate of Title No.: 1349326Assigned To: U.S. Bank NationalAssociationDated: 06/20/2014Filed 06/30/2014Hennepin County Registrar of Ti-tles Document No. T05181356Against Certificate of Title No.:1349326Transaction Agent: Mortgage Elec-tronic Registration Systems, Inc.Transaction Agent Mortgage IDNo: 100867112991036222Lender or Broker: American Mort-gage & Equity Consultants, Inc.Servicer: U.S. Bank Home Mort-gageMortgage Originator: AmericanMortgage & Equity Consultants,Inc.LEGAL DESCRIPTION OF PROPERTY:Lot 4, Block 4, Boran‘s Edina Man-or, Hennepin County, Minnesota.This is Registered Property.TAX PARCEL NO.: 19-028-24-41-0048ADDRESS OF PROPERTY:5828 France Ave SEdina, MN 55410COUNTY IN WHICH PROPERTY ISLOCATED: HennepinORIGINAL PRINCIPAL AMOUNT OFMORTGAGE: $183,870.00AMOUNT DUE AND CLAIMED TO BEDUE AS OF DATE OF NOTICE, IN-CLUDING TAXES, IF ANY, PAID BYMORTGAGEE: $190,002.78That prior to the commencementof this mortgage foreclosure pro-ceeding Mortgagee/Assignee ofMortgagee complied with all no-tice requirements as required bystatute; that no action or proceed-ing has been instituted at law orotherwise to recover the debt se-cured by said mortgage, or anypart thereof;PURSUANT to the power of salecontained in said mortgage, theabove described property will besold by the Sheriff of said countyas follows:DATE AND TIME OF SALE: March 1,2017, 09:00 AMPLACE OF SALE: Sheriff‘s Office,Civil Unit, Room 30, MinneapolisCity Hall, 350 South 5th Street,Minneapolis, MN to pay the debtthen secured by said Mortgage,and taxes, if any, on said prem-ises, and the costs and disburse-ments, including attorneys’ feesallowed by law subject to redemp-tion within 6 Months from the dateof said sale by the mortgagor(s),their personal representatives orassigns.DATE TO VACATE PROPERTY: Thedate on or before which the mort-gagor must vacate the property ifthe mortgage is not reinstated un-der Minnesota Statutes section 580.30 or the property redeemed un-der Minnesota Statutes section 580.23 is September 1, 2017 at 11:59p.m. If the foregoing date is aSaturday, Sunday or legal holiday,then the date to vacate is the nextbusiness day at 11:59 p.m.MORTGAGOR(S) RELEASED FROMOBLIGATION ON MORTGAGE: NONETHE TIME ALLOWED BY LAW FORREDEMPTION BY THE MORTGAGOR,THE MORTGAGOR’S PERSONALREPRESENTATIVES OR ASSIGNS,MAY BE REDUCED TO FIVE WEEKSIF A JUDICIAL ORDER IS ENTEREDUNDER MINNESOTA STATUTESSECTION 582.032, DETERMINING,AMONG OTHER THINGS, THAT THEMORTGAGED PREMISES ARE IM-PROVED WITH A RESIDENTIALDWELLING OF LESS THAN FIVEUNITS, ARE NOT PROPERTY USEDIN AGRICULTURAL PRODUCTION,AND ARE ABANDONED.Dated: January 3, 2017U.S. Bank National Association, As-signee of MortgageePFB LAW, PROFESSIONAL ASSOCIA-TIONBy: Jonathan R. Cuskey, Michael V.SchleismanAttorneys for:U.S. Bank National Association, As-signee of Mortgagee55 East Fifth Street, Suite 800St. Paul, MN 55101-1718651-209-7599651-228-1753 (fax)THIS IS A COMMUNICATION FROMA DEBT COLLECTOR.17908-16-00939-11/11, 1/18, 1/25, 2/1, 2/8, 2/15/17Star Tribune
Legal Notices16-104824
NOTICE OF MORTGAGE
FORECLOSURE SALE
THE RIGHT TO VERIFICATION OFTHE DEBT AND IDENTITY OF THEORIGINAL CREDITOR WITHIN THETIME PROVIDED BY LAW IS NOT AF-FECTED BY THIS ACTION.NOTICE IS HEREBY GIVEN, that de-fault has occurred in the condi-tions of the following describedmortgage:DATE OF MORTGAGE: August 4,2003ORIGINAL PRINCIPAL AMOUNT OFMORTGAGE: $157,600.00MORTGAGOR(S): Ray I. Ellensonand Jodi R. Ellenson, husband andwifeMORTGAGEE: Mortgage ElectronicRegistration Systems, Inc.TRANSACTION AGENT: MortgageElectronic Registration Systems,Inc.MIN#: 100103210000024116LENDER OR BROKER AND MORT-GAGE ORIGINATOR STATED ON THEMORTGAGE: Prime Mortgage Cor-porationSERVICER: Ditech Financial LLCFKA Green Tree Servicing LLCDATE AND PLACE OF FILING: FiledSeptember 10, 2003, HennepinCounty Registrar of Titles, asDocument Number 3832059ASSIGNMENTS OF MORTGAGE: As-signed to: CitiMortgage, Inc.;Thereafter assigned to Green TreeServicing LLC.LEGAL DESCRIPTION OF PROPERTY:Lot 12, Block 2, Marvin H. Ander-son’s Fourth AdditionREGISTERED PROPERTYPROPERTY ADDRESS: 651 82nd StE, Bloomington, MN 55420PROPERTY IDENTIFICATION NUM-BER: 02-027-24-23-0025 COT#1012452COUNTY IN WHICH PROPERTY ISLOCATED: HennepinTHE AMOUNT CLAIMED TO BE DUEON THE MORTGAGE ON THE DATEOF THE NOTICE: $151,176.37THAT all pre-foreclosure require-ments have been complied with;that no action or proceeding hasbeen instituted at law or other-wise to recover the debt securedby said mortgage, or any partthereof;PURSUANT, to the power of salecontained in said mortgage, theabove described property will besold by the Sheriff of said countyas follows:DATE AND TIME OF SALE: March17, 2017, 10:00amPLACE OF SALE: Sheriff’s Main Of-fice, Civil Division, Room 30, Court-house, 350 South Fifth St., Minne-apolis, MN 55487 to pay the debtsecured by said mortgage andtaxes, if any, on said premises andthe costs and disbursements, in-cluding attorneys fees allowed bylaw, subject to redemption within6 months from the date of saidsale by the mortgagor(s) the per-sonal representatives or assigns.TIME AND DATE TO VACATE PROP-ERTY: If the real estate is anowner-occupied, single-familydwelling, unless otherwise provid-ed by law, the date on or beforewhich the mortgagor(s) must va-cate the property, if the mortgageis not reinstated under section 580.30 or the property is not re-deemed under section 580.23, is11:59 p.m. on September 17, 2017,or the next business day if Sep-tember 17, 2017 falls on a Satur-day, Sunday or legal holiday."THE TIME ALLOWED BY LAW FORREDEMPTION BY THE MORTGAGOR,THE MORTGAGOR’S PERSONALREPRESENTATIVES OR ASSIGNS,MAY BE REDUCED TO FIVE WEEKSIF A JUDICIAL ORDER IS ENTEREDUNDER MINNESOTA STATUTESSECTION 582.032 DETERMINING,AMONG OTHER THINGS, THAT THEMORTGAGED PREMISES ARE IM-PROVED WITH A RESIDENTIALDWELLING OF LESS THAN 5 UNITS,ARE NOT PROPERTY USED FOR AG-RICULTURAL PRODUCTION, ANDARE ABANDONED.Dated: January 20, 2017Ditech Financial LLC FKA GreenTree Servicing LLCAssignee of MortgageeSHAPIRO & ZIELKE, LLPBY Lawrence P. Zielke - 152559Diane F. Mach - 273788Melissa L. B. Porter - 0337778Randolph W. Dawdy - 2160XGary J. Evers - 0134764Tracy J. Halliday - 034610XAttorneys for Mortgagee12550 West Frontage Road, Suite200 Burnsville, MN 55337(952) 831-4060THIS IS A COMMUNICATION FROMA DEBT COLLECTOR1/25, 2/1, 2/8, 2/15, 2/22, 3/1/17Star Tribune
Legal NoticesLegal NoticesPUBLIC NOTICE
NOTICE OF MORTGAGE FORECLO-SURE SALETHE RIGHT TO VERIFICATION OFTHE DEBT AND IDENTITY OF THEORIGINAL CREDITOR WITHIN THETIME PROVIDED BY LAW IS NOT AF-FECTED BY THIS ACTION.NOTICE IS HEREBY GIVEN: That de-fault has occurred in the condi-tions of the following describedmortgage:DATE OF MORTGAGE: September21, 2005ORIGINAL PRINCIPAL AMOUNT OFMORTGAGE: $674,000.00MORTGAGOR(S): Samuel J.Mangiere and Kara M. Richter,both singleMORTGAGEE: Mortgage ElectronicRegistration Systems, Inc., asnominee for Countrywide Bank, N.A.TRANSACTION AGENT: MortgageElectronic Registration Systems,Inc.MIN#: 1001337-0000952712-1SERVICER: Bayview Loan Servicing,LLCLENDER: Countrywide Bank, N.A.DATE AND PLACE OF FILING: Ram-sey County Minnesota, Registrarof Title, on September 30, 2005, asDocument No. 1933890.CERTIFICATE OF TITLE NO: 523503ASSIGNED TO: THE BANK OF NEWYORK MELLON FKA THE BANK OFNEW YORK, AS TRUSTEE FOR THECERTIFICATEHOLDERS OF CWALT,INC., ALTERNATIVE LOAN TRUST2005-58, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES2005-58 dated 05/06/2011, record-ed on, 05/13/2011 as Document No.2142028.LEGAL DESCRIPTION OF PROPERTY:Tract F, Registered Land SurveyNo. 336,Ramsey County, Minnesota.REGISTERED PROPERTYPROPERTY ADDRESS: 4 ROBBFARM RD, NORTH OAKS, MN 55127PROPERTY I.D: 17.30.22.41.0001COUNTY IN WHICH PROPERTY ISLOCATED: RamseyTHE AMOUNT CLAIMED TO BE DUEON THE MORTGAGE ON THE DATEOF THE NOTICE: One Million Fifty-Seven Thousand Three HundredTwelve and 69/100 ($1,057,312.69)THAT no action or proceeding hasbeen instituted at law to recoverthe debt secured by said mort-gage, or any part thereof; thatthere has been compliance withall pre-foreclosure notice and ac-celeration requirements of saidmortgage, and/or applicable statutes;PURSUANT, to the power of salecontained in said mortgage, theabove described property will besold by the Sheriff of said countyas follows:DATE AND TIME OF SALE: 10:00 AMon March 2, 2017PLACE OF SALE: Ramsey CountyCity Hall, 25 West 4th Street, Suite150, St. Paul, MN 55102to pay the debt then secured bysaid mortgage and taxes, if anyactually paid by the mortgagee, onthe premises and the costs anddisbursements allowed by law.The time allowed by law for re-demption by said mortgagor(s),their personal representatives orassigns is 6 months from the dateof sale. If Mortgage is not rein-stated under Minn. Stat. §580.30 orthe property is not redeemed un-der Minn. Stat. §580.23, the Mort-gagor must vacate the property onor before 11:59 p.m. on September2, 2017, or the next business day ifSeptember 2, 2017 falls on a Satur-day, Sunday or legal holiday.“THE TIME ALLOWED BY LAW FORREDEMPTION BY THE MORTGAGOR,THE MORTGAGOR’S PERSONALREPRESENTATIVES OR ASSIGNS,MAY BE REDUCED TO FIVE WEEKSIF A JUDICIAL ORDER IS ENTEREDUNDER MINNESOTA STATUTES,SECTION 582.032, DETERMINING,AMONG OTHER THINGS, THAT THEMORTGAGED PREMISES ARE IM-PROVED WITH A RESIDENTIALDWELLING OF LESS THAN FIVEUNITS, ARE NOT PROPERTY USEDIN AGRICULTURAL PRODUCTION,AND ARE ABANDONED.”Dated: December 28, 2016THE BANK OF NEW YORK MELLONFKA THE BANK OF NEW YORK, ASTRUSTEE FOR THE CERTIFICATE-HOLDERS OF CWALT, INC., ALTER-NATIVE LOAN TRUST 2005-58,MORTGAGE PASS-THROUGH CER-TIFICATES, SERIES 2005-58Randall S. Miller & Associates,PLLCAttorneys for Assignee of Mortgage/MortgageeCanadian Pacific Plaza, 120 SouthSixth Street, Suite 2050Minneapolis, MN 55402Phone: 952-232-0052Our File No. 16MN00080-1THIS IS A COMMUNICATION FROMA DEBT COLLECTOR.Published in the Star Tribune 1/4, 1/11, 1/18, 1/25, 2/1, 2/8, 2017
Legal Notices Legal Notices13-094132
NOTICE OF MORTGAGE
FORECLOSURE SALE
THE RIGHT TO VERIFICATION OFTHE DEBT AND IDENTITY OF THEORIGINAL CREDITOR WITHIN THETIME PROVIDED BY LAW IS NOT AF-FECTED BY THIS ACTION.NOTICE IS HEREBY GIVEN, that de-fault has occurred in the condi-tions of the following describedmortgage:DATE OF MORTGAGE: November20, 2006ORIGINAL PRINCIPAL AMOUNT OFMORTGAGE: $206,000.00MORTGAGOR(S): Phyllis D.Braxton, single personMORTGAGEE: Mortgage ElectronicRegistration Systems, Inc.TRANSACTION AGENT: MortgageElectronic Registration Systems,Inc.MIN#: 100010402045930165LENDER OR BROKER AND MORT-GAGE ORIGINATOR STATED ON THEMORTGAGE: Suntrust Mortgage,Inc.SERVICER: Seterus, Inc.DATE AND PLACE OF FILING: FiledJanuary 4, 2007, Hennepin CountyRegistrar of Titles, as DocumentNumber 4343717ASSIGNMENTS OF MORTGAGE: As-signed to: Suntrust Mortgage, Inc.;thereafter assigned to Federal Na-tional Mortgage Association.LEGAL DESCRIPTION OF PROPERTY:Lot 5, Block 21, "Oak Park Additionto Minneapolis"REGISTERED PROPERTYPROPERTY ADDRESS: 911 NewtonAve N, Minneapolis, MN 55411PROPERTY IDENTIFICATION NUM-BER: 21-029-24-23-0119 COT#1084699COUNTY IN WHICH PROPERTY ISLOCATED: HennepinTHE AMOUNT CLAIMED TO BE DUEON THE MORTGAGE ON THE DATEOF THE NOTICE: $218,466.10THAT all pre-foreclosure require-ments have been complied with;that no action or proceeding hasbeen instituted at law or other-wise to recover the debt securedby said mortgage, or any partthereof;PURSUANT, to the power of salecontained in said mortgage, theabove described property will besold by the Sheriff of said countyas follows:DATE AND TIME OF SALE: March17, 2017, 10:00amPLACE OF SALE: Sheriff’s Main Of-fice, Civil Division, Room 30, Court-house, 350 South Fifth St., Minne-apolis, MN 55487to pay the debtsecured by said mortgage andtaxes, if any, on said premises andthe costs and disbursements, in-cluding attorneys fees allowed bylaw, subject to redemption within6 months from the date of saidsale by the mortgagor(s) the per-sonal representatives or assigns.TIME AND DATE TO VACATE PROP-ERTY: If the real estate is anowner-occupied, single-familydwelling, unless otherwise provid-ed by law, the date on or beforewhich the mortgagor(s) must va-cate the property, if the mortgageis not reinstated under section 580.30 or the property is not re-deemed under section 580.23, is11:59 p.m. on September 17, 2017,or the next business day if Sep-tember 17, 2017 falls on a Satur-day, Sunday or legal holiday."THE TIME ALLOWED BY LAW FORREDEMPTION BY THE MORTGAGOR,THE MORTGAGOR’S PERSONALREPRESENTATIVES OR ASSIGNS,MAY BE REDUCED TO FIVE WEEKSIF A JUDICIAL ORDER IS ENTEREDUNDER MINNESOTA STATUTESSECTION 582.032 DETERMINING,AMONG OTHER THINGS, THAT THEMORTGAGED PREMISES ARE IM-PROVED WITH A RESIDENTIALDWELLING OF LESS THAN 5 UNITS,ARE NOT PROPERTY USED FOR AG-RICULTURAL PRODUCTION, ANDARE ABANDONED.Dated: January 24, 2017Federal National Mortgage Associ-ation ("Fannie Mae")Assignee of MortgageeSHAPIRO & ZIELKE, LLPBY Lawrence P. Zielke - 152559Diane F. Mach - 273788Melissa L. B. Porter - 0337778Randolph W. Dawdy - 2160XGary J. Evers - 0134764Tracy J. Halliday - 034610XAttorneys for Mortgagee12550 West Frontage Road, Suite200 Burnsville, MN 55337(952) 831-4060THIS IS A COMMUNICATION FROMA DEBT COLLECTOR1/25, 2/1, 2/8, 2/15, 2/22, 3/1/17Star Tribune
Legal Notices
CLASSIFIEDSSTARTRIBUNE.COM/CLASSIFIEDS • 612.673.7000 • 800.927.9233
NOTICE OF MORTGAGE
FORECLOSURE SALE
THE RIGHT TO VERIFICATION OFTHE DEBT AND IDENTITY OF THEORIGINAL CREDITOR WITHIN THETIME PROVIDED BY LAW IS NOT AF-FECTED BY THIS ACTION.NOTICE IS HEREBY GIVEN, that de-fault has occurred in conditions ofthe following described mortgage:DATE OF MORTGAGE: May 23, 2014MORTGAGOR: Jessica Paloalto, amarried person.MORTGAGEE: Mortgage ElectronicRegistration Systems, Inc.DATE AND PLACE OF RECORDING:Recorded May 30, 2014 HennepinCounty Recorder, Document No.A10083786.ASSIGNMENTS OF MORTGAGE: As-signed to: Stearns Lending, LLC.Dated December 6, 2016 RecordedDecember 29, 2016, as DocumentNo. A10396565.TRANSACTION AGENT: MortgageElectronic Registration Systems,Inc.TRANSACTION AGENT’S MORT-GAGE IDENTIFICATION NUMBER ONMORTGAGE: 100183300003020477LENDER OR BROKER AND MORT-GAGE ORIGINATOR STATED ONMORTGAGE: Stearns Lending, Inc.RESIDENTIAL MORTGAGESERVICER: LoanCare, LLCMORTGAGED PROPERTY ADDRESS:7336 5th Avenue South, Richfield,MN 55423TAX PARCEL I.D. #: 34-028-24-14-0045LEGAL DESCRIPTION OF PROPERTY:Lot 10, Block 2, Blairs Wooddale3rd Addition, Hennepin County,Minnesota.COUNTY IN WHICH PROPERTY ISLOCATED: HennepinORIGINAL PRINCIPAL AMOUNT OFMORTGAGE: $163,567.00AMOUNT DUE AND CLAIMED TO BEDUE AS OF DATE OF NOTICE, IN-CLUDING TAXES, IF ANY, PAID BYMORTGAGEE: $164,976.68That prior to the commencementof this mortgage foreclosure pro-ceeding Mortgagee/Assignee ofMortgagee complied with all no-tice requirements as required bystatute; That no action or pro-ceeding has been instituted at lawor otherwise to recover the debtsecured by said mortgage, or anypart thereof;PURSUANT to the power of salecontained in said mortgage, theabove described property will besold by the Sheriff of said countyas follows:DATE AND TIME OF SALE: March 24,2017 at 11:00 AMPLACE OF SALE: Hennepin CountySheriff’s Office, Civil Division,Room 30, 350 South 5th Street,Minneapolis, MN to pay the debtthen secured by said Mortgage,and taxes, if any, on said prem-ises, and the costs and disburse-ments, including attorneys’ feesallowed by law subject to redemp-tion within six (6) months fromthe date of said sale by themortgagor(s), their personal rep-resentatives or assigns unless re-duced to Five (5) weeks under MNStat. §580.07.TIME AND DATE TO VACATE PROP-ERTY: If the real estate is anowner-occupied, single-familydwelling, unless otherwise provid-ed by law, the date on or beforewhich the mortgagor(s) must va-cate the property if the mortgageis not reinstated under section 580.30 or the property is not re-deemed under section 580.23 is11:59 p.m. on September 25, 2017,unless that date falls on a week-end or legal holiday, in which caseit is the next weekday, and unlessthe redemption period is reducedto 5 weeks under MN Stat. Secs. 580.07 or 582.032.MORTGAGOR(S) RELEASED FROMFINANCIAL OBLIGATION ON MORT-GAGE: None"THE TIME ALLOWED BY LAW FORREDEMPTION BY THE MORTGAGOR,THE MORTGAGOR’S PERSONALREPRESENTATIVES OR ASSIGNS,MAY BE REDUCED TO FIVE WEEKSIF A JUDICIAL ORDER IS ENTEREDUNDER MINNESOTA STATUTES,SECTION 582.032, DETERMINING,AMONG OTHER THINGS, THAT THEMORTGAGED PREMISES ARE IM-PROVED WITH A RESIDENTIALDWELLING OF LESS THAN FIVEUNITS, ARE NOT PROPERTY USEDIN AGRICULTURAL PRODUCTION,AND ARE ABANDONED."Dated: January 16, 2017Stearns Lending, LLCMortgagee/Assignee of MortgageeUSSET, WEINGARDEN ANDLIEBO, P.L.L.P.Attorneys for Mortgagee/Assigneeof Mortgagee4500 Park Glen Road #300Minneapolis, MN 55416(952) 925-6888100 - 16-008133 FCTHIS IS A COMMUNICATION FROMA DEBT COLLECTOR.Published in Star Tribune 1/25,2/1, 2/8, 2/15, 2/22, 3/1/17
NOTICE OF MORTGAGE
FORECLOSURE SALE
THE RIGHT TO VERIFICATION OFTHE DEBT AND IDENTITY OF THEORIGINAL CREDITOR WITHIN THETIME PROVIDED BY LAW IS NOT AF-FECTED BY THIS ACTION.NOTICE IS HEREBY GIVEN, that de-fault has occurred in the condi-tions of the following describedmortgage:Mortgagor: Tonyus Y. Chavers, asingle womanMortgagee: Mortgage ElectronicRegistration Systems, Inc. as nom-inee for Loandepot.com, LLCDated: 02/28/2014Filed: 03/25/2014Hennepin Registrar of Titles Docu-ment No. T05159815 Against Certif-icate of Title No.: 1186578Assigned To: Loandepot.com, LLCDated: 10/20/2016Filed 10/20/2016Hennepin County Registrar of Ti-tles Document No. T05392203Against Certificate of Title No.:1186578Transaction Agent: Mortgage Elec-tronic Registration Systems, Inc.Transaction Agent Mortgage IDNo: 100853701003126835Lender or Broker: Loandepot.com,LLCServicer: Cenlar FSBMortgage Originator: Loandepot.com, LLCLEGAL DESCRIPTION OF PROPERTY:Real property in Hennepin County,Minnesota, described as follows:Lot 330 and Lot 319, except thatpart of the South 4.00 feet of theEast 2.33 feet thereof lying abovean elevation of 901.70 feet U.S.G.S.Datum (1929 General Adjustment);all in Block 2, Westbrooke PatioHomes.This is Registered Property.TAX PARCEL NO.: 25-117-22-31-0326ADDRESS OF PROPERTY:1226 N LANDMARK TRAILHOPKINS, MN 55343COUNTY IN WHICH PROPERTY ISLOCATED: HennepinORIGINAL PRINCIPAL AMOUNT OFMORTGAGE: $123,000.00AMOUNT DUE AND CLAIMED TO BEDUE AS OF DATE OF NOTICE, IN-CLUDING TAXES, IF ANY, PAID BYMORTGAGEE: $125,049.65That prior to the commencementof this mortgage foreclosure pro-ceeding Mortgagee/Assignee ofMortgagee complied with all no-tice requirements as required bystatute; that no action or proceed-ing has been instituted at law orotherwise to recover the debt se-cured by said mortgage, or anypart thereof;PURSUANT to the power of salecontained in said mortgage, theabove described property will besold by the Sheriff of said countyas follows:DATE AND TIME OF SALE: March 8,2017, 09:00 AMPLACE OF SALE: Sheriff‘s Office,Civil Unit, Room 30, MinneapolisCity Hall, 350 South 5th Street,Minneapolis, MN to pay the debtthen secured by said Mortgage,and taxes, if any, on said prem-ises, and the costs and disburse-ments, including attorneys’ feesallowed by law subject to redemp-tion within 6 Months from the dateof said sale by the mortgagor(s),their personal representatives orassigns.DATE TO VACATE PROPERTY: Thedate on or before which the mort-gagor must vacate the property ifthe mortgage is not reinstated un-der Minnesota Statutes section 580.30 or the property redeemed un-der Minnesota Statutes section 580.23 is September 8, 2017 at 11:59p.m. If the foregoing date is a Sat-urday, Sunday or legal holiday,then the date to vacate is the nextbusiness day at 11:59 p.m.MORTGAGOR(S) RELEASED FROMOBLIGATION ON MORTGAGE: NONETHE TIME ALLOWED BY LAW FORREDEMPTION BY THE MORTGAGOR,THE MORTGAGOR’S PERSONALREPRESENTATIVES OR ASSIGNS,MAY BE REDUCED TO FIVE WEEKSIF A JUDICIAL ORDER IS ENTEREDUNDER MINNESOTA STATUTES SEC-TION 582.032, DETERMINING,AMONG OTHER THINGS, THAT THEMORTGAGED PREMISES ARE IM-PROVED WITH A RESIDENTIALDWELLING OF LESS THAN FIVEUNITS, ARE NOT PROPERTY USEDIN AGRICULTURAL PRODUCTION,AND ARE ABANDONED.Dated: January 10, 2017Loandepot.Com, LLC, Assignee ofMortgageePFB LAW, PROFESSIONAL ASSOCIA-TIONBy: Jonathan R. Cuskey, Michael V.SchleismanAttorneys for: Loandepot.Com,LLC, Assignee of Mortgagee55 East Fifth Street, Suite 800St. Paul, MN 55101-1718651-209-7599651-228-1753 (fax)THIS IS A COMMUNICATION FROMA DEBT COLLECTOR.14795-16-00947-11/18, 1/25, 2/1, 2/8, 2/15, 2/22/17Star Tribune
Housing barometerHome loan applications have been
mostly rising in recent weeks as
mortgage interest rates headed
higher.
Mortgage rates have leveled off
recently after surging for weeks
following the election in early
November. The rate on 30-year
fixed-rate home loans held steady last
week at an average 4.19 percent. Did
that spur a pickup in home loans?
Find out today when the Mortgage
Bankers Association releases its latest
weekly tally of mortgage applications.
Deflated results?Wall Street projects that Goodyear Tire’s latest quarterly
results declined from a year earlier.
The tire maker is expected to report today that its
earnings and revenue fell
in the last three months of
2016 from a year earlier.
Goodyear posted better
earnings, but lower
revenue on the first three
quarters of last year.
Investors will be listening
for an update on how sales
trends are faring in the
current quarter.
Spotlight on Whole FoodsWhole Foods serves up its
fiscal first-quarter results
today.
The natural foods grocer
has been hurt by increasing
competition from other super-
markets, big-box retailers and
grocery delivery companies
that also sell organic foods
and products, sometimes at
cheaper prices. To cope, the
company launched a digital
coupon app last year for its
flagship stores.
WFM
25
30
35
$40$28.98
’16
Source: FactSet
Price-earnin gs ratio: 19based on past 12-month results
Dividend: $0.56 Div Yield: 1.9%
$29.19
Operating
EPSQ1 ’16 Q1 ’17
$0.46est.
$0.39
Source: FactSet
Consumer creditseasonally adjusted change
-15
-10
-5
0
5
1/271/201/131/612/3012/23
’16 ’17
-12.2est.-3.2
5.8
0.1 0.8
4.0
17,500
18,000
18,500
19,000
19,500
20,000
20,500
A FS O N D J
19,760
19,960
20,160 Dow Jones industrialsClose: 20,090.29Change: 37.87 (0.2%)
10 DAYS
2,050
2,100
2,150
2,200
2,250
2,300
A FS O N D J
2,240
2,280
2,320 S&P 500Close: 2,293.08Change: 0.52 (flat)
10 DAYS
SecndSight 2.76 +1.21 +78.1MYOS 4.72 +1.11 +30.7SignalG rs 13.30 +2.75 +26.1NakedBr n 3.63 +.74 +25.6WinsFin 366.99 +57.00 +18.4ConcrdInt g 3.49 +.52 +17.5RealGSol rs 2.85 +.40 +16.3ArtsWay 3.85 +.51 +15.2Esperion 20.14 +2.48 +14.0FndtnMed 21.90 +2.40 +12.3Percptr 7.10 +.74 +11.6CavcoInd 107.65 +10.40 +10.7Care.com 9.34 +.88 +10.4ArgosTher 4.85 +.45 +10.2GDS Hld n 8.80 +.81 +10.1LeapTh n 7.24 +.64 +9.6Orexign rs 4.58 +.39 +9.3Scynexis 3.44 +.29 +9.2CTS 23.05 +1.95 +9.2CarolTrBk 7.50 +.62 +9.1
NAME CLOSE CHG. %CHG.
N AT I O N A L G A I N E R S
NAME CLOSE CHG. %CHG.
R E G I O N A L G A I N E R S
FXCM rs 3.45 -3.40 -49.6USA Trk 6.95 -1.40 -16.8DryShp rs 4.83 -.78 -13.9GlobusM rs 8.37 -1.33 -13.7CalifRes rs 18.35 -2.80 -13.2SearsHldgs 5.66 -.86 -13.2YRC Wwde 13.19 -1.83 -12.2PAM 21.16 -2.84 -11.8CentrlFedl 2.40 -.32 -11.8MKors 36.82 -4.46 -10.8SabreCorp 22.21 -2.60 -10.5Modine 12.10 -1.35 -10.0Shineco n 3.21 -.35 -9.8JetPay 2.30 -.25 -9.8TechComm 2.45 -.25 -9.3OdysMr rsh 4.39 -.43 -8.9Determine 2.26 -.22 -8.9WalterInv 3.20 -.30 -8.6LM FdgA n 4.12 -.38 -8.4Aware 5.65 -.50 -8.1
NAME CLOSE CHG. %CHG.
N AT I O N A L L O S E R S
Advanced 1355Declined 1597New Highs 146New Lows 21
Vol. (in mil.) 3,335Pvs. Volume 2,988
1,8271,643
11611608
13137
NYSE NASD
DOW 20155.35 20068.68 20090.29 +37.87 +0.19% s s s +1.66%DOW Trans. 9276.78 9197.45 9213.36 -18.46 -0.20% s s s +1.87%DOW Util. 663.82 660.33 663.13 +1.63 +0.25% t s t +0.53%NYSE Comp. 11285.18 11229.20 11243.39 -20.72 -0.18% s s s +1.69%NASDAQ 5689.60 5664.82 5674.22 +10.67 +0.19% s s s +5.41%S&P 500 2299.40 2290.16 2293.08 +0.52 +0.02% s s s +2.42%S&P 400 1704.75 1690.53 1694.22 -4.80 -0.28% s s s +2.03%Wilshire 5000 24053.30 23940.62 23972.47 -17.02 -0.07% s s s +2.33%Russell 2000 1371.87 1357.60 1361.06 -5.60 -0.41% t t s +0.29%
HIGH LOW CLOSE CHG. %CHG. WK MO QTR YTD
Buenos Aires Merval 19194.32 19194.32 19194.32 -54.34 -0.28% s s s +13.46%Frankfurt DAX 11606.26 11483.83 11549.44 +39.60 +0.34% s t s +0.60%London FTSE 100 7227.22 7159.57 7186.22 +14.07 +0.20% s t s +0.61%Hong Kong Hang Seng 23403.60 23256.69 23331.57 -16.67 -0.07% t s s +6.05%Paris CAC-40 4787.94 4750.03 4754.47 -23.61 -0.49% s t s -2.22%Tokyo Nikkei 225 18970.58 18805.32 18910.78 -65.93 -0.35% t t s -1.07%Seoul Composite 2075.21 2075.21 2075.21 -2.45 -0.12% s s s +1.40%Sydney All Ordinaries 5672.59 5672.59 5672.59 +7.19 +0.13% t t s -0.81%Toronto TSE300 15516.27 15459.62 15498.80 +41.86 +0.27% s s s +1.38%
GLOBAL HIGH LOW CLOSE CHG. %CHG. WK MO QTR YTDS T O C K S R E C A P
F O R E I G N E X C H A N G E C O M M O D I T I E SCrude oil pricesfell roughly 1.6 percent whilenatural gas pric-es rose nearly 3 percent. Goldand silver pricesrose slightly.
Crude Oil (bbl) 52.17 53.01 -1.58 -2.9Ethanol (gal) 1.57 1.55 -0.13 -2.2Heating Oil (gal) 1.62 1.64 -0.80 -4.8Natural Gas (mm btu) 3.13 3.05 +2.62 -16.0Unleaded Gas (gal) 1.49 1.51 -1.51 -10.7
FUELS CLOSE PVS. %CHG %YTD
Name PE Vol. Last Chg. Name PE Vol. Last Chg. Name PE Vol. Last Chg. Name PE Vol. Last Chg. Name PE Vol. Last Chg. Name PE Vol. Last Chg. Name PE Vol. Last Chg.
Gold (oz) 1234.20 1230.00 +0.34 +7.3Silver (oz) 17.73 17.67 +0.37 +11.3Platinum (oz) 1012.90 1014.10 -0.12 +12.3Copper (lb) 2.63 2.65 -0.74 +5.2
METALS CLOSE PVS. %CHG %YTD
Cattle (lb) 1.18 1.16 +1.07 -1.1Coffee (lb) 1.43 1.44 -1.11 +4.1Corn (bu) 3.69 3.64 +1.31 +4.7Cotton (lb) 0.75 0.76 -0.71 +6.3Lumber (1,000 bd ft) 361.90 360.10 +0.50 +14.3Orange Juice (lb) 1.70 1.66 +2.72 -14.2Soybeans (bu) 10.43 10.36 +0.65 +4.6Wheat (bu) 4.31 4.22 +1.95 +5.6
AGRICULTURE CLOSE PVS. %CHG %YTD
USD per British Pound 1.2517 +.0049 +.39% 1.4499Canadian Dollar 1.3163 +.0071 +.54% 1.3892USD per Euro 1.0696 -.0052 -.49% 1.1144Japanese Yen 112.19 +.36 +.32% 116.89Mexican Peso 20.5735 -.0182 -.09% 18.4408
1YR.MAJORS CLOSE CHG %CHG AGO
Israeli Shekel 3.7460 +.0062 +.17% 3.8836Norwegian Krone 8.3043 +.0470 +.57% 8.5947South African Rand 13.4319 +.0805 +.60% 15.9937Swedish Krona 8.8634 +.0333 +.38% 8.4645Swiss Franc .9965 +.0054 +.54% .9918
EUROPE/AFRICA/MIDDLE EAST
Australian Dollar 1.3091 +.0029 +.22% 1.4150Chinese Yuan 6.8808 +.0165 +.24% 6.5731Hong Kong Dollar 7.7590 +.0007 +.01% 7.7884Indian Rupee 67.342 +.140 +.21% 67.811Singapore Dollar 1.4160 +.0068 +.48% 1.4069South Korean Won 1142.29 +7.20 +.63% 1205.65Taiwan Dollar 31.03 +.10 +.32% 33.34
ASIA/PACIFIC
The dollar rosecompared to the Japanese yen and euro but fell against the Brit-ish pound. The dollar also roseagainst theCanadian dollarand fell against the Mexicanpeso.
ApplRecy h 1.13 +.06 +5.6MGC Diag 10.10 +.35 +3.6Ikonics 11.00 +.25 +2.3Insignia s 1.49 +.03 +2.1WSI Inds 2.90 +.05 +1.8PiperJaf 77.10 +1.10 +1.4ImageSens 3.85 +.05 +1.3CH Robins 75.62 +.79 +1.1Hormel s 36.25 +.38 +1.1CardiovSys 26.34 +.23 +0.9IntriCon 7.40 +.05 +0.7OtterTail 38.15 +.25 +0.7GenMills 61.82 +.38 +0.6HMN Fn 18.59 +.12 +0.6Mosaic 32.23 +.20 +0.6Bemis 48.75 +.22 +0.5Ecolab 120.25 +.55 +0.5Pentair 58.14 +.25 +0.4Winmark 114.70 +.50 +0.4XcelEngy 41.66 +.16 +0.4
NAME CLOSE CHG. %CHG.
R E G I O N A L L O S E R S
NthnO&G 3.05 -.35 -10.3EvineLive 1.33 -.08 -5.7BioAmber 3.58 -.17 -4.5ElectroSen 4.30 -.14 -3.1Hawkins 50.20 -1.50 -2.9SilvBayRT 17.84 -.52 -2.8Clearfield 16.10 -.45 -2.7ChrisBnk 1.30 -.02 -1.5CybrOpt 39.00 -.50 -1.3SelCmfrt 19.53 -.26 -1.3Fastenal 49.81 -.58 -1.2Electrmed 4.19 -.05 -1.1BestBuy 43.53 -.43 -1.0ProtoLabs 51.20 -.50 -1.0BuffaloWW 149.80 -1.35 -0.9FullerHB 48.79 -.40 -0.8NorSys 3.90 -.03 -0.8Deluxe 71.85 -.41 -0.6NVE Corp 76.57 -.44 -0.6SPS Cmce 66.32 -.40 -0.6
A-B-CABB Ltd ... 16869 23.45 +.08AFLAC 11 18307 68.97 +.04ANI Ph h 72 530 62.16 -.02ASML Hld 34 8628 123.26 +1.03AT&T Inc 16 165132 41.12 +.06AbbottLab 21 82491 42.89 +.46AbbVie 13 41284 60.56 -.09Accenture 20 25149 115.92 +1.74ActivsBliz 1 91163 40.05 -.14AdobeSy 50 16245 114.96 +.50Aetna 16 26054 120.67 -.12Agilent 30 20596 49.64 +.37Agrium g 16 3588 104.34 +1.81AirProd 22 14527 138.80 -.25Alexion lf 52 12608 127.72 -.47Alibaba 32 55919 100.83 -.07Allergan 43 50502 232.61 -1.82Allete 25 1472 65.53 -.22Allstate 16 17351 u78.12 +.04Alphabet C 25 12190 806.97 +5.63Alphabet A 27 16167 829.23 +7.61Altria 24 47376 u72.20 +.91Amazon cc 34032 812.50 +4.86AMovilL 42 56810 12.16 -.13AmAirlines 6 55399 45.17 -.13AEP 16 15292 63.93 +.11AmExp 14 20154 77.72 -.10AmIntlGrp 42 36046 64.88 -.02AmTower 67 13005 103.47 -.17Ameriprise 13 12175 u123.18 -.19AmeriBrgn 15 20926 90.33 +.35Amgen 15 35231 166.82 +.24Amphenol 25 13340 67.29 +.22Anadarko dd 44162 67.14 -1.96AnalogDev 27 20854 76.31 +.78ABInBev ... 13128 105.39 +.38Anthem 17 19885 158.59 +1.78Aon plc 22 7399 114.25 +.17Apache dd 43246 57.03 -.84ApogeeE 20 2174 57.70 -.22Apple Inc 16 372486 u131.53 +1.24ApplRecy h dd 1229 1.13 +.06ApldMatl 21 80148 u35.54 +.36ArcelorMit 28 83786 7.83 -.04ArchDan 22 70543 44.59 +.57ArcticCat dd 8136 18.58 +.04AsscBc pf D ... 229 23.22 AstraZen s 9 60865 28.26 +.17Autodesk dd 28779 u84.50 +1.68AutoData 26 14917 96.29 -.18AutoZone 17 3486 721.66 +1.17AvalonBay 22 6830 175.72 +.90BB&T Cp 16 32214 46.39 -.04BCE g ... 8275 43.84 -.04BHP BillLt ... 22762 39.18 -.12BHPBil plc ... 41211 34.41 -.28BP PLC dd 169419 34.38 -1.44BT Grp s ... 10335 19.41 +.10Baidu 12 15211 178.17 +.36BakrHu dd 29867 61.36 -.32BcBilVArg ... 17395 6.56 +.01BcoBrades s ... 7 10.03 +.14BcoBrad s ... 84395 9.97 -.08BcoSantSA ... 36459 5.45 -.06BcoSBrasil ... 12445 10.12 -.12BkofAm 18 753262 22.90 -.22BkMont g ... 2895 75.12 -.27BkNYMel 14 34843 45.45 -.21BkNova g 11 4795 60.06 +.28Barclay ... 27553 11.30 Bard 23 4663 236.65 -.30BarrickG 44 129419 19.33 -.09Baxter s 25 17733 48.59 +.24BectDck 32 7540 178.81 +.45Bemis 19 7656 48.75 +.22BerkHa A 16 z216 244260 -565BerkH B 17 23865 162.93 -.49BestBuy 14 37711 43.53 -.43Bio-Techne 39 5749 101.18 +.28Biogen 15 15093 266.11 +1.20BioMarin dd 8268 88.91 +.17BlkHillsCp 19 2259 60.95 -.12BlackRock 20 5444 376.89 -.53Blackstone 19 36347 30.55 -.07
Boeing 19 41103 166.50 +2.52BostProp 23 5697 130.64 -.68BostonSci 49 68181 u25.23 +.09BrMySq 31 156546 51.66 +.62BritATob ... 9562 125.33 +.74BroadcLtd 44 22629 u205.91 -.65BrkfdAs g s 15 8224 35.45 +.25BuffaloWW 27 8320 149.80 -1.35CA Inc 14 46729 31.49 -.35CBS B 17 22293 64.47 -.20CH Robins 21 11175 75.62 +.79CME Grp 29 15740 118.73 -1.08CNH Indl dd 16669 u9.62 +.11CNOOC ... 877 123.08 -.80CRH ... 13289 34.28 -.70CSX 26 139395 47.68 +.42CVS Health 13 56552 76.36 +.29CampSp 22 10965 63.23 +.63CIBC g 10 2562 86.51 -.03CdnNR gs ... 7631 69.10 +.49CdnNRs gs ... 28841 28.83 -.92CP Rwy g ... 16249 146.90 -1.01Canon ... 1712 29.01 +.07CantbryPk 10 10.05 CapellaEd 23 297 83.35 -.45CapOne 12 34122 88.11 +.49CardnlHlth 15 61391 77.76 +1.79CardiovSys dd 2170 26.34 +.23Carnival 16 15424 55.45 -.05CarnUK ... 2117 54.46 -.04Caterpillar 28 47233 93.31 +.44Celgene 30 25740 116.26 +.17CntryLink 10 58501 24.88 -.17Cerner 29 30578 53.60 -.45ChartCm n ... 17579 323.37 +.77ChkPoint 24 22011 u100.27 +1.31Chevron cc 58501 111.39 -1.59ChinaLife s ... 4017 u14.95 +.21ChinaMble ... 3159 56.99 -.15ChinaPet ... 768 78.37 -.82ChinaTel ... 366 47.97 +.28ChinaUni ... 2117 12.14 +.17ChrisBnk dd 2208 1.30 -.02ChubbLtd 13 15117 130.75 -.68ChungTel ... 3618 32.22 -.10Cigna 18 7589 147.90 +.87Cisco 15 174773 31.45 +.15Citigroup 12 134046 57.19 -.45CitizFincl 19 25502 36.59 +.12Clearfield 39 1378 16.10 -.45Clorox 25 9229 125.32 +1.54CocaCola 25 128403 41.90 +.34CocaCEur n ... 23446 35.33 +.21Cogentix h ... 91 1.97 +.02CognizTch 20 75788 53.79 +1.03ColgPalm 24 31702 66.56 +1.07Comcast 21 77949 74.86 +.32CommSys dd 136 4.93 ConAgra 21 28794 39.54 +.31ConchoRes cc 26110 135.00 -6.58ConocoPhil dd 73953 49.42 -.67ConEd 19 8072 74.51 +.21ConstellA 23 x10771 152.00 +2.63ContlRescs dd 32932 45.12 -1.50Corning 17 51543 26.59 -.12Costco 31 26536 167.52 +.49Coty 31 40520 19.52 +.24Credicp ... 8209 u166.85 +4.39CredSuiss ... 32462 14.84 -.19CrwnCstle 26 10408 87.42 +.38Ctrip.com s cc 20765 42.91 -.14Cummins 18 14820 147.35 +.97CybrOpt ... 1993 u39.00 -.50
D-E-FDTE 22 8819 98.40 +.29Danaher 20 17188 83.08 +.09Deere 22 17295 u108.76 +.70DellTch n ... 9201 u64.86 +.23DelphiAuto 12 22879 74.11 +.38DeltaAir 8 71777 48.15 -.11Deluxe 15 2024 71.85 -.41Dentsply 27 13214 57.43 +.17DeutschBk ... 48856 19.52 -.22DevonE dd 37966 44.14 -1.13Diageo ... 3759 112.82 +.88
DigiIntl 27 783 12.50 DigitalRlt 68 5440 107.14 +.25Discover 12 x22776 68.51 -.48DishNetw h 29 10918 60.42 -.56Disney 19 89659 109.00 -.57DollarGen 17 19245 72.80 +.54DollarTree 23 15801 75.21 +.09DomRescs 19 21436 72.35 +.14Donaldson 27 3797 41.94 +.08DowChm 19 30977 59.79 -.23DrPepSnap 22 8642 92.58 +1.40DuPont 23 13163 76.07 -.22DukeEngy 16 16077 77.75 +.18eBay s 5 80192 32.43 +.40ENI dd 2438 30.38 -.23EOG Rescs dd 48417 97.19 -2.51Eaton 16 21395 70.24 +.26Ecolab 28 6980 120.25 +.55Ecopetrol ... 16706 9.45 -.08EdisonInt 27 17766 73.05 +.30EdwLfSci s 31 23023 90.71 +.84ElectroSen 13 54 4.30 -.14Electrmed 16 369 4.19 -.05ElectArts cc 28681 82.21 +.69EliLilly 25 33003 77.70 -.13EmersonEl 24 105082 u62.54 +2.68Enbridge ... 21704 42.26 -.81EgyTrEq s 19 75447 19.05 +.51EngyTsfr dd 40399 39.60 +.20Entegris 24 5561 19.65 +.25Entellus n dd 530 16.92 +.02EntProdPt 23 55283 28.40 -.36Equifax 25 6955 121.14 +.61Equinix cc 3551 380.64 -1.03EqtyRsd 19 19916 60.66 +.10Ericsson ... 23971 5.62 -.07EssexPT 30 3722 223.96 +.79EsteeLdr 27 23900 83.40 +.58EversrceE 20 6916 55.78 +.10EvineLive dd 560 1.33 -.08Exelon 15 38161 36.01 +.20Expedia 71 19215 122.34 +.29ExpScripts 14 29327 67.74 +.34ExxonMbl 37 114795 82.77 -.54Facebook 31 141962 131.84 -.22FairIsaac 35 995 123.31 -.38FDaves dd 35 5.35 Fastenal 29 26930 49.81 -.58FedExCp 17 11436 188.02 -.18FidNatInfo 21 68030 77.30 -2.05FifthThird 14 48636 26.49 -.27FstRepBk 26 4541 94.12 -.52Fiserv 28 9925 106.42 -.43Fleetcor 27 17416 148.75 +1.05FEMSA ... 8420 76.89 +.02FordM 7 323824 12.34 -.18Fortive n ... 18850 55.64 -.17FrankRes 15 17046 40.01 +.02FrptMcM dd 336633 15.52 -.48FresenMd ... 963 40.71 +.01FullerHB 20 x1987 48.79 -.40
G-H-IG&K 26 925 95.27 +.14GGP Inc 13 37840 24.81 -.25GenDynam 19 15183 183.21 +.17GenElec 24 222945 29.56 -.10GenMills 21 15200 61.82 +.38GenMotors 6 377422 35.10 -1.73GenuPrt 21 3702 96.97 -.24GileadSci 7 104803 73.13 +.74GlaxoSKln ... 40075 39.46 -.10Goldcrp g dd 75725 16.72 -.10GoldenEnt 8 308 11.30 +.02GoldmanS 15 26382 239.62 -.36Graco 25 2714 90.16 -.12Graingr 22 5343 253.39 -.06GpTelevisa ... 15626 22.51 +.23HCA Hldg 13 14164 82.59 -.08HCP Inc 38 28991 30.75 -.17HDFC Bk ... 4909 71.44 -.04HMN Fn 14 1 18.59 +.12HP Inc 10 119462 15.43 +.17HSBC ... 15998 42.83 +.07Hallibrtn dd 80815 54.88 -1.22HartfdFn 15 21778 47.35 -.20
Hawkins 27 341 50.20 -1.50HSchein 27 7154 163.98 +1.39Hershey 26 14383 107.19 -.22Hess dd 47984 51.51 -1.65HP Ent n 14 64630 23.69 +.15Hilton 13 56.57 HomeDp 22 31087 136.65 +.16Honda ... 15017 u31.38 +.51HonwllIntl 18 25189 u119.72 +.38Hormel s 22 19602 36.25 +.38HostHotls 14 89557 18.01 +.13Humana 22 11065 195.24 -1.23HuntBncsh 20 118235 13.48 -.05ICICI Bk ... 50404 8.56 -.08IHS Mark 53 18500 39.51 -.02ING ... 27067 14.67 -.03Ikonics cc 53 11.00 +.25ITW 23 10146 126.94 -.35Illumina 52 6621 162.85 +.33ImageSens dd 169 3.85 +.05Imation dd 804 .78 -.01ImpOil g 13 2038 32.04 -.41Incyte cc 16617 118.18 -1.50IndoTel s ... 2026 29.38 -.10Infosys 10 96976 14.07 +.22IngerRd 18 20410 79.85 -.06Insignia s 37 80 1.49 +.03Intel 16 181692 36.35 +.08IntcntlExc s 11 70942 u59.93 +1.42IBM 13 37723 178.46 +2.60IntPap 17 45741 52.13 +.53IntriCon dd 40 7.40 +.05Intuit 34 7694 117.48 -.41IntSurg 34 3556 704.24 -.72ItauUnibH ... 139363 u12.29 +.18
J-K-LJD.com dd 47965 28.81 +.27JPMorgCh 15 92172 86.72 -.05JohnJn 17 54052 113.48 +.08JohnContl n 28 81651 41.23 -1.07KB FnclGp ... 910 41.48 -.35KLA Tnc 16 12494 87.66 +.66Kellogg 19 18589 72.85 +.52Keycorp 18 78459 18.09 -.18KimbClk 20 21072 122.45 +1.21KindMorg 71 104098 22.12 -.38KoreaElc ... 7820 d17.72 -.25KraftHnz n 58 24793 88.81 +.11Kroger s 15 77202 33.08 -.61Kyocera ... 42 53.90 -.01L Brands 14 23384 58.28 -.87LabCp 17 9253 130.60 +.74LamResrch 19 34288 117.00 -.16LVSands 24 27813 51.94 -.04Level3 6 12403 58.18 -.19LibtyGlobC ... 24558 34.40 -.47LincNat 11 13430 69.34 +.25LinearTch 30 10029 63.55 +.27LloydBkg ... 26093 3.35 +.02LockhdM 20 9724 256.37 +1.06Loews 21 6245 46.42 -.08Lowes 19 35816 72.24 -.37Luxottica ... 442 53.08 +.47LyonBas A 11 43894 92.35 -2.59
M-N-OM&T Bk 20 8450 162.50 -.95MGC Diag ... 259 u10.10 +.35MGM Rsts 26 52708 28.56 -.49MOCON 35 42 20.29 -.06MPLX LP dd 11106 u38.05 -.23MTS 28 566 58.25 +.10MagellMid 23 5617 78.61 +.08Magna g s 9 10189 43.04 -.16Manulife g ... 14654 18.79 -.05MarathnO dd 145159 16.03 -.49MarathPt s 10 37993 47.93 -.44MarIntA 24 15364 u85.81 +.16MarshM 21 11066 69.77 -.14MartMM 36 10330 226.62 -3.96MasterCrd 30 30474 106.60 +.01McDnlds 23 28029 124.59 +.14McKesson 12 17875 139.93 +.11MeadJohn 25 33190 83.84 -.03Medtrnic 17 38469 76.12 +.14
Merck 17 82887 64.20 -.74MetLife 11 49363 51.68 -.20Microchp cc 17309 69.62 +.45MicronT dd 195908 24.60 +.26Microsoft 28 188896 63.43 -.21MitsuUFJ ... 8695 6.71 -.05MizuhoFn ... 6401 3.73 -.04Mohawk 20 5644 214.00 +.62MolsCoorB 30 32305 94.89 -1.59Mondelez 49 69339 43.93 -.08MoneyGrm 33 4756 12.76 -.07Monsanto 22 11851 107.57 -.74MonstrBv s 38 13644 43.08 +.35Moodys 23 17668 107.06 +.30MorgStan 15 94403 44.87 +.24Mosaic 43 71793 32.23 +.20Mylan NV 9 59250 39.39 -.59NRG Egy 20 49719 16.27 -.43NTT DOCO ... 1417 23.90 -.09NVE Corp 30 155 76.57 -.44NXP Semi ... 25749 101.27 +1.22NatGrid ... 7236 58.92 +.78NOilVarco 30 119218 39.29 +1.83NetEase 23 6399 258.03 -.64Netflix s cc 81628 u144.00 +3.03NewellRub 18 84674 45.52 +1.29NewmtM 36 53443 37.32 -.62NextEraEn 22 13665 124.33 +.47Nielsen plc 22 22545 41.86 -.13NikeB s 23 63797 52.81 +.01NipponTT ... 1153 43.47 +.05NobleEngy dd 36803 38.80 -1.06NokiaCp ... 100857 4.86 +.11Nomura ... 783 6.60 NorflkSo 21 19781 u120.88 +1.01NorSys cc 20 3.90 -.03NthnO&G 8 6762 3.05 -.35NthnTech dd 10 15.40 +.05NorTrst 20 11251 84.36 -.19NorthropG 21 8115 232.98 +.16Novartis 15 19438 74.14 +.06NovoNord ... 29848 33.38 -.35Nucor 25 22090 57.65 -.20Nvidia 72 180453 u119.13 +1.82OReillyAu 26 19604 262.19 +3.79OcciPet dd 47280 66.82 -1.37Omnicom 18 38453 84.26 -3.13OneBeacon 18 754 16.16 +.07Oracle 19 87140 40.07 -.03Orange ... 6670 15.25 -.15OrbitATK 18 1303 88.21 +.04Orix ... 285 76.36 +.98OtterTail 25 1225 38.15 +.25
P-Q-RPG&E Cp 21 8946 61.83 +.20PNC 17 21581 u121.47 -.94POSCO ... 1741 58.16 +.34PPG s 17 10702 100.01 +.09PPL Corp 14 20554 35.40 +.16Paccar 46 12185 67.63 -.44PaloAltNet dd 10279 150.15 +.51ParkerHan 21 12988 147.97 -.68Patterson 17 7949 42.11 Paychex 27 27178 57.57 -.05PayPal n 32 72716 40.02 +.28Pentair 20 10258 58.14 +.25PepsiCo 22 35377 105.61 +1.04PetChina ... 687 77.32 -.25PetrbrsA ... 46482 9.35 -.17Petrobras ... 137172 10.08 -.11Pfizer 13 228666 32.08 -.15PhilipMor 21 52354 101.63 +1.63PhilipsNV ... 14579 28.94 -.30Phillips66 12 32012 78.55 -.59PioNtrl dd 21003 174.95 -6.13PiperJaf 21 1347 77.10 +1.10PlainsAAP 29 18116 32.29 +.05Polaris 24 4751 84.81 +.20Potash 18 74747 18.83 +.39Praxair 21 14733 116.30 -.14PriceTR 15 14319 67.55 +.22Priceline 41 2865 1598.70 +11.52PrinFncl 14 11405 59.72 +.25ProLogis 21 25812 48.73 -.66ProctGam 23 65766 88.01 +.61
ProgsvCp 21 26239 37.04 +.03ProtoLabs 28 4752 51.20 -.50Prudentl 12 15837 106.59 +.48Prud UK ... 2264 39.69 +.22PSEG 16 22521 43.44 -.01PubStrg 31 6515 216.48 +.79Qualcom 15 101099 53.27 +.39QuintIMS 22 9689 77.99 +.24Qumu Cp dd 341 2.25 RELX NV s ... 756 17.22 +.22RELX plc s ... 822 18.54 +.24Raytheon 24 15994 148.12 +.57RltyInco 40 15839 60.15 +.33RedHat 40 11453 78.86 +.64Regenrn 57 6694 357.69 -4.31RegionsFn 17 157988 14.58 -.05Regis Cp cc 2992 12.78 +.04RepubSvc 36 11273 57.65 +.29ReynAm s 28 46183 u60.59 +.23RioTinto ... 48003 43.02 +.24RockwlAut 24 8990 149.41 -.55RogCm gs 16 2319 42.88 -.12Roper 29 3957 u192.35 -.35RossStrs s 24 13458 66.36 +.02RBCda pfT ... 166 28.42 +.12RoyalBk g ... 6608 72.37 -.05RBScotlnd ... 22724 5.74 +.11RylCarb 24 11257 95.03 +.22RoyDShllB 86 29269 56.89 -.81RoyDShllA 81 40483 53.67 -.62Ryanair ... 4297 80.45 -1.22
S-T-US&P Glbl 30 23311 u125.84 +2.96SAP SE ... 15217 91.96 +.71SK Tlcm ... 2714 21.96 +.15SPS Cmce 98 1138 66.32 -.40Salesforce cc 34745 80.21 +.46Sanofi ... 11061 40.25 -.39Sasol ... 2679 28.59 -.44Schlmbrg 70 57568 81.07 -.62Schwab 31 50956 39.68 -.06SeagateT 12 47173 46.10 +.66SelCmfrt 44 11311 19.53 -.26SempraEn 22 5264 102.55 -.05ServcNow cc 16127 90.66 +.16Sherwin 24 4744 302.05 +.08ShinhanFn ... 457 40.12 -.55Shire ... 12109 170.41 +3.59SilvBayRT 42 1813 17.84 -.52SimonProp 22 17821 179.06 -3.01SiriusXM 36 183445 4.72 -.06SkywksSol 18 12613 91.78 +.39Smith&N 54 2645 30.61 +.18Smucker 18 9299 139.66 +1.66SonyCp ... 5809 32.11 +.17SouthnCo 16 34242 48.77 +.01SthnCopper 38 10710 37.95 +.08SwstAirl 14 50729 53.04 -.03SpectraEn 36 30191 41.23 -.83SpectraEP 14 3908 45.51 -.59Sprint dd 150165 8.34 -.02StanBlkDk 19 7831 122.11 -.49Starbucks s 28 x98069 55.24 -.24StateStr 15 20724 77.50 +.18Statoil ASA ... 47882 17.81 -.97Stratasys dd 5397 19.64 +.04Stryker 24 17012 122.51 +.18SumitMitsu ... 4377 7.97 +.04SunLfFn g ... 3846 38.42 -.11Suncor g ... 34474 30.87 -.06SunTrst 16 22426 57.40 -.32Supvalu 6 38944 3.67 Surmodic 33 597 24.00 -.10Symantec 8 51816 u28.44 +.18Synchrony 13 55525 36.05 -.40Syngenta ... 6442 84.75 -.48Sysco 23 73897 52.23 +1.03T-MobileUS 39 33640 61.89 +.93TCF Fncl 11 11076 17.13 -.03TD Ameritr 26 27472 41.96 -.15TE Connect 16 22036 u75.71 +.20TJX 22 x23195 75.23 +.16TactSys n ... 933 16.00 -.07TaiwSemi ... 61900 30.52 -.35Target 11 41738 63.57 +.15
TataMotors ... 9358 37.62 -1.15TeckRes g ... 36067 23.86 -.39TelItalia ... 425 8.61 -.30TelItaliaA ... 138 7.15 -.20TelefBrasil ... 11824 15.14 -.11TelefEsp ... 10771 9.46 -.04Telus gs ... 7148 33.44 +.04Tenaris ... 21420 34.30 -.25Tennant 28 1174 70.40 -.25Tesla Inc dd 41673 257.48 -.29TevaPhrm 11 342989 d32.19 -2.16TexInst 24 43072 76.18 -.04ThermoFis 26 14671 153.01 +.93ThomsonR 20 8325 44.56 3M Co 22 12004 175.76 +.66TileShop 41 1108 18.65 -.15TimeWarn 17 34341 96.22 -.14Toro Co s 28 4930 58.69 -.17TorDBk gs ... 11272 51.32 -.21Total SA ... 17890 49.63 -.75Toyota ... 3427 113.04 -.27TrCda g 19 9334 46.65 -.67TransDigm 21 29998 245.88 +14.94Travelers 12 11462 117.76 +.0921stCFoxA 19 150004 30.48 -.5821stCFoxB 16 58764 30.16 -.56TwoHrbInv 10 21819 8.78 -.07Tyson 14 62371 64.65 +1.52UBS Grp ... 16456 15.87 -.04UltaBeauty 46 3999 272.49 -.59UnilevNV ... 14832 41.10 +.36Unilever ... 24107 41.68 +.54UnionPac 21 32926 107.65 -.04UtdContl 8 47590 71.29 -2.21UPS B 18 35064 105.69 -.37US Bancrp 16 46817 53.20 -.20UtdTech 17 27511 111.25 +.57UtdhlthGp 20 28867 160.53 +.02
V-WVF Corp 17 64889 d48.32 -1.04Vale SA ... 213480 9.63 +.07Vale SA pf ... 76945 9.21 +.11ValeroE 18 47889 65.44 +.33Valspar 23 2209 110.58 +.36VascSol 59 1621 55.90 -.20Ventas 31 12711 61.81 -.18Verisk 23 4432 83.01 -.26VerizonCm 12 126172 48.04 +.01VertxPh cc 12694 86.84 -.58ViacomB 12 24421 41.67 -.15Visa s 30 84734 85.78 -.05Vodafone ... 48201 24.45 +.03Vornado 22 6296 104.77 +.21VulcanM 42 41218 121.80 -6.28WEC Engy 20 15070 57.90 +.41WPP plc ... 669 114.80 +.29WSI Inds ... 20 2.90 +.05WalMart 14 57404 66.89 +.49WalgBoots 17 34593 81.43 +.63WasteCon 29 3701 80.51 +.21WsteMInc 37 15439 69.90 +.48WellsFargo 14 147402 56.34 -.21Welltower 18 13802 65.87 -.30WDigital 17 24152 79.05 +.11WestpacBk ... 810 24.52 -.08WestRck ... 18521 53.90 -.30Weyerhsr 27 56312 32.05 +.63WmsCos 66 55993 28.53 -.65WillmsPtrs dd 12307 41.01 -.35WillisTwW 19 7550 123.44 -.23Winmark 23 90 114.70 +.50Wipro ... 5463 9.14 +.05
X-Y-ZXcelEngy 19 29572 41.66 +.16Xilinx 25 12052 58.09 -.14Yahoo dd 44012 44.37 -.05YumBrnds 19 14212 66.49 +.19ZimmerBio 15 7260 118.11 +.87Zoetis 27 23766 u55.98 +.21
Net YTDFund NAV Chg. ret.
Net YTDFund NAV Chg. ret.
Net YTDFund NAV Chg. ret.
Net YTDFund NAV Chg. ret.
Net YTDFund NAV Chg. ret.
Net YTDFund NAV Chg. ret.
Net YTDFund NAV Chg. ret.
Net YTDFund NAV Chg. ret.
American Funds
AMCAPA m 28.22 -.03 +3.6
AmBalA m 25.32 -.01 +2.1
BondA m 12.80 +.01 +.8
CapIncBuA m 58.50 +.06 +1.5
CpWldGrIA m 45.29 -.09 +3.3
EurPacGrA m 47.06 -.22 +4.3
FnInvA m 56.23 -.03 +3.3
GrthAmA m 44.06 -.08 +4.8
IncAmerA m 22.03 -.02 +1.7
InvCoAmA m 37.31 -.05 +3.0
MutualA m 37.52 +.03 +1.9
NewPerspA m 36.92 -.08 +4.5
SmCpWldA m 48.10 -.04 +4.6
WAMutInvA m 41.52 -.06 +1.4BlackRock
GlobAlcI 18.67 -.03 +2.1
StrIncIns 9.89 +.9
DFA
EmMkCrEqI 18.71 -.07 +7.8
EmMktValI 25.83 -.10 +7.8
IntCorEqI 12.12 -.01 +3.9
USCorEq1I 19.71 -.01 +2.3
USCorEq2I 18.96 -.03 +1.9
USLgValI 35.72 -.07 +1.8
USSmValI 37.05 -.23 -.9
USSmallI 33.74 -.11 -.3Dodge & Cox
Bal 105.30 -.07 +1.9
Income 13.67 +.01 +.6
IntlStk 39.84 -.27 +4.6
Stock 188.73 -.21 +2.4FPA
Crescent d 33.40 -.04 +2.4Fidelity
500IdxIns 80.36 +.02 +2.6
500IdxInsPr 80.36 +.02 +2.6
500IdxPr 80.36 +.02 +2.6
Bal 22.62 +.02 +2.7
BlChGrow 71.49 +.08 +6.1
Contra 103.73 +.10 +5.4
ContraK 103.66 +.10 +5.4
ExtMktIdxPr 56.87 -.17 +2.4
FrdmK2020 14.30 -.01 +2.4
FrdmK2030 15.33 -.02 +3.0
GrowCo 144.92 +.13 +6.0
GrthCmpK 144.78 +.13 +6.0
LowPriStk 50.28 -.03 +1.6
Puritan 21.23 -.01 +3.2
TotBond 10.58 +.01 +.9
TtlMktIdxPr 66.17 -.02 +2.5First Eagle
GlbA m 55.96 -.03 +3.1FrankTemp-Franklin
Income C m 2.35 -.01 +1.6
IncomeA m 2.32 -.01 +1.3
FrankTemp-Templeton
GlBondAdv 11.98 +.4Harbor
CapApInst 59.95 +.16 +5.8
IntlInstl 60.33 +.01 +3.3MFS
ValueI 36.83 -.03 +1.6Metropolitan West
TtlRetBdI 10.57 +.01 +.6
TtlRetBdM b 10.57 +.01 +.5Oakmark
EqAndIncInv 31.03 -.06 +2.0
IntlInv 23.59 -.07 +3.9
OakmarkInv 73.68 -.13 +1.7Old Westbury
LgCpStr 13.19 -.01 +2.8PIMCO
AllAssetI 11.48 +3.0
Income P 12.14 +1.2
IncomeInl 12.14 +1.2
TotRetIs 10.13 +.01 +1.3Schwab
S&P500Sel d 35.31 +.01 +2.6T Rowe Price
BlChpGr 76.63 +.16 +5.5
CapApprec 26.77 +.05 +2.2
EqIndex d 61.63 +.01 +2.5
EqtyInc 31.64 -.05 +.5
GrowStk 56.43 +.15 +6.0
MidCpGr 78.27 -.02 +3.8
NewHoriz 45.73 +.09 +5.6
NewIncome 9.41 +.01 +.7
R2025 15.92 -.01 +2.7
Rtmt2020 20.91 -.01 +2.4
Rtmt2030 23.20 +3.0
Rtmt2040 23.98 -.01 +3.3
Value 34.30 -.03 +1.9Vanguard
500Adml 211.88 +.06 +2.6
500Inv 211.86 +.06 +2.6
BalIdxAdm 31.66 +.01 +1.8
BdMktInstPls 10.69 +.01 +.6
DivGr 23.81 +.04 +1.6
EqIncAdml 68.97 -.05 +.9
ExtdIdAdm 74.47 -.23 +2.4
GNMAAdml 10.54 +.2
GrthIdAdm 60.09 +.13 +4.9
HYCorAdml 5.89 +.01 +1.6
HltCrAdml 81.79 -.14 +5.0
ITGradeAd 9.70 +.01 +.9
InstIdxI 209.07 +.06 +2.6
InstPlus 209.09 +.06 +2.6
InstTStPl 51.61 -.02 +2.5
IntlGrAdm 72.45 +.02 +7.6
IntlStkIdxAdm 25.66 -.04 +4.2
IntlStkIdxI 102.63 -.16 +4.2
IntlStkIdxIPls 102.65 -.16 +4.2
MidCpAdml 168.59 -.17 +3.5
MidCpIst 37.24 -.04 +3.5
MuIntAdml 13.97 +.02 +.9
MuLtdAdml 10.91 +.8
PrmcpAdml 113.48 +.15 +4.3
REITIdxAd 116.71 -.41 -.1
STBondAdm 10.46 +.4
STGradeAd 10.67 +.6
SmCpIdAdm 62.85 -.23 +1.7
Star 24.30 +2.6
TgtRe2015 14.74 +1.6
TgtRe2020 28.79 +1.9
TgtRe2025 16.69 -.01 +2.1
TgtRe2030 29.88 -.02 +2.3
TgtRe2035 18.19 -.01 +2.5
TgtRe2040 31.05 -.03 +2.8
TgtRe2045 19.43 -.02 +2.9
TlIntlBdIdxAdm 21.46 +.02 -.9
TlIntlBdIdxInst 32.21 +.03 -.9
TlIntlBdIdxInv 10.73 +.01 -.9
TotBdAdml 10.69 +.01 +.6
TotBdInst 10.69 +.01 +.6
TotIntl 15.34 -.03 +4.1
TotStIAdm 57.50 -.02 +2.5
TotStIIns 57.51 -.02 +2.5
TotStIdx 57.47 -.02 +2.5
WellsI 25.61 +.02 +.5
WellsIAdm 62.05 +.07 +.6
Welltn 39.55 +1.3
WelltnAdm 68.31 +1.3
WndsIIAdm 63.18 -.22 +1.3
WndsrII 35.61 -.12 +1.3
Stock Footnotes: cld - Issue has been called for redemption by company. d - New 52-week low. ec - Company formerly listed on the American Exchange’s Emerging Company Marketplace. g - Dividends and earnings in Canadian dollars. h - Does not meet continued-listing standards. lf - Late filing with SEC. n - Stock was a new issue in the last year. The 52-week high and low figures date only from the beginning of trading. pf - Preferred stock issue. pr - Preferences. pp - Holder owes installments of purchase price. rt - Right to buy security at a specified price. rs - Stock has undergone a reverse stock split of at least 50% within the past year. s - Stock has split by at least 20 percent within the last year. wi - Trades will be settled when the stock is issued. wd - When distributed. wt - Warrant, allowing a purchase of a stock. u - New 52-week high. un - Unit,, including more than one security. vj - Company in bankruptcy or receivership, or being reorganized under the bankruptcy law. Appears in front of the name. PE Footnotes: q - Stock is a closed-end fund - no P/E ratio shown. cc - P/E exceeds 99. dd - Loss in last 12 months. Volume Footnotes: x - ex-dividend - yesterday was the first day that the stock traded without the right to receive a dividend and the price change is adjusted to reflect that fact. z - sales are in total shares. Fund Footnotes: b - Fee covering market costs is paid from fund assets. d - Deferred sales charge, or redemption fee. f - front load (sales charges). m - Multiple fees are charged, usually a marketing fee and either a sales or redemption fee. NA - not available. p - previous day’s net asset value. s - fund split shares during the week. x - fund paid a distribution during the week. Souce: The Associated Press and Morningstar.
MUTUAL FUNDS
CONSOLIDATED STOCKS LISTINGS
DAILY MARKETS
(Previous and change figures reflect current contract.)
ZSW [C M Y K] D4 Wednesday, Feb. 8, 2017
D4 • S TA R T R I B U N E B U S I N E S S W E D N E S DAY, F E B R U A RY 8 , 2 0 1 7
Even more than current video companies, providers boast nearly identical offerings.
By RANDALL ROBERTS Los Angeles Times
This winter, hip-hop frontiersman Chance the Rapper made music his-tory when he earned seven Grammy nominations for a release that is not available for purchase.
The Chicago artist issued his “Col-oring Book” as a stream. That’s it. You couldn’t buy it if you wanted to.
His feat was the most recent indi-cation of yet another seismic shift in online music retail. From instant downloads to all-you-can-stream plans, the state of digital music con-sumption has been in flux. Whether it receives trophies or not on Sunday, “Coloring Book,” with its nomina-tions, portends a new norm.
Streaming music on audio and video platforms now represents 38 percent of total audio consumption, according to Nielsen Music. That’s a jump from 23 percent in 2014.
Eventually the big players — Spo-tify, Apple and Tidal — would like to do for music what the likes of Net-flix, Hulu and Amazon Prime did for TV, only there’s a catch: They offer virtually identical catalogs. “Color-ing Book,” for instance, is on Apple Music, Tidal, Google Music, Spotify, iHeartRadio and Deezer.
Constant rumors of consolidation are coming to pass. Recently, phone carrier Sprint announced the pur-chase of a 33 percent stake in the Jay Z-owned Tidal, and Web radio inno-vator Pandora has unveiled its much-delayed intention to enter the market with an on-demand plan of its own.
Each service in the increasingly crowded field is working frantically to overcome the perception that the main distinction among the uniformly
priced $9.99-a-month offerings is lit-tle more than font style, quirky play-list title and color scheme.
In contrast to the vast program-ming differences among Hulu, Net-flix, HBO Go and other video stream-ing services, music platforms have long fought against the perception that they are selling a nearly inter-changeable product, said Mark Mul-ligan of Midia Research. “You’re get-
ting sold the same car. It’s just got a different lick of paint on it.”
In turn, some are banking on exclu-sive releases. Subscribe to Spotify? Forget, then, about hearing the latest Frank Ocean “video album.” Others are betting fans want innovative con-tent that merges playlist, podcast and radio station.
In 2017, personalization engines claim to deliver sounds with the
adeptness of an expert record store clerk. Playlists don’t just recommend music, they attempt to “tell stories,” said Apple’s Zane Lowe, who oversees the company’s Beats 1 radio initiative.
Yet as services attempt to diversify, there’s also the risk of alienating fans. Online exclusives, for instance, can lock an artist into a particular outlet — and lock nonsubscribing fans out of hearing new music. (If only until their friend Airdrops them a copy.)
Apple Music stormed into the mar-ket in 2015 with a seemingly bottom-less budget, not to mention famous executives, and has shown itself willing to invest in exclusives, most notably in its relationships with Tay-lor Swift, Ocean, U2 and Travis Scott.
Amazon jumped in with its own marketing coup: exclusive access to country superstar Garth Brooks’ music.
Such deals have proved contro-versial. According to a 2016 report in Bloomberg News, Apple-only art-ists have been threatened with being excluded from key Spotify playlists.
“We think exclusives are bad for artists and bad for fans,” said Jonathan Prince, Spotify’s head of communica-tions and public policy. “Artists want as many fans as possible to hear their music, and fans want to be able to hear whatever they are excited about or interested in — exclusives get in the way of that for everyone.”
But even with all-access, can a playl-ist generator peek into your psyche? It’s possible, said David Bakula, analyst for Nielsen Music. “People get paralyzed by the amount of choice out there.”
The path to success is still being defined. Thus, even if some long-rumored industry consolidation occurs, most music fans won’t shed tears because they haven’t developed emotional relationships with the product, theorizes analyst Mulligan.
“The reason why most people stay with specific platforms is more inertia than loyalty,” he said.
As music streaming expands, services struggle to stand out
JEFF CHIU • Associated PressApple CEO Tim Cook, right, and Beats by Dre co-founder Jimmy Iovine launched the Apple Music streaming service in 2015.
MICHAEL ZORN • InvisionChance the Rapper’s “Coloring Book,” available only as a stream, could represent the future of the music industry as another seismic shift takes place.
By LYNNE O’DONNELL Associated Press
LONDON – Inspired by his belief that humans are terrified of robots, Ben Russell set about charting the evolution of automatons for an exhi-bition he hopes will force people to think about how androids and other robotic forms can enhance their lives.
Robots, said Russell, have been with us for centuries — as “Robots,” his exhibit opening Wednesday at London’s Science Museum, shows.
From a 15th-century Spanish clock-work monk who kisses his rosary and beats his breast in contrition, to a Jap-anese “childoid” newsreader, created in 2014 with lifelike facial expressions, the exhibition tracks the development of robotics and mankind’s obsession with replicating itself.
Arnold Schwarzenegger’s unstop-
pable Terminator cyborg is there, as is Robby the Robot, star of the 1956 film “Forbidden Planet,” representing the horror and the fantasy of robots with minds of their own.
There are also examples of factory production-line machines blamed for taking people’s jobs in recent decades and Kaspar, a “minimally expressive social robot” built like a small boy and designed to help ease social interac-tions for children with autism.
“When you take a long view, as we have done with 500 years of robots, robots haven’t been these terrifying things, they’ve been magical, fascinat-ing, useful, and they generally tend to do what we want them to do,” said Russell, who works at the Science Museum and was the lead curator of the exhibition.
And while it’s human nature to be worried in the face of change, Russell
said, the exhibit should help people “think about what we are as humans” and realize that if robots are “going to come along, you’ve got a stake in how they develop.”
A total of 100 robots are set in five different historic periods in a show that explores how religion, industri-alization, pop culture and visions of the future have shaped society.
For Rich Walker, managing direc-tor of Shadow Robot Company in London, robotics is about what these increasingly sophisticated machines can do for humans to make life eas-ier, particularly for the elderly or the impaired.
“I’m naturally lazy and got involved so that I could get robots to do things for me,” Walker said. His company has developed a robotic hand that can replicate 24 of the 27 natural move-ments of the human hand.
Exhibition charts 500 years of evolution of robots
ALASTAIR GRANT • Associated PressA technician adjusted a French-built android at London’s Science Museum.
DIGITAL LIFE
S T E V E A L E X A N D E R
Q: I read about the hacker attack last October that used household electronics, such as security cameras, to bombard a website with messages, caus-ing the site to crash. Is there any way that people can pro-tect their electronic devices so that won’t happen again?
SUE FRENZEL, Minneapolis
A: Internet experts are still looking for a solution.
The October attack took advantage of a new way for hackers to launch attacks against websites: Without the knowledge of homeowners, the hackers took over about 100,000 internet-connected household electronic devices, such as digital video record-ers (DVRs) and the digital cameras used in baby moni-tors and security cameras. Hackers used the gadgets to flood a website with infor-mation requests, causing the site to crash (a so-called “dis-tributed denial-of-service” attack.)
In this case, the attack affected consumers because the website victim was New Hampshire-based Dyn, one of several internet compa-nies that translate the “www” addresses that people type into their browsers into the numbers that are the real Web addresses. When the Dyn website was knocked offline, consumers in several parts of the U.S. were prevented from reaching websites that Dyn served, including Amazon, Netflix and Twitter.
In the past, hackers launched distributed denial- of-service attacks by taking over poorly protected com-puters. Those attacks could have been prevented, at least in theory, if all computers were adequately protected by security software. But for devices in the Internet of Things, there is no security software. As a result, some internet-connected DVRs, cameras and home monitor-ing systems are easy pickings for hackers.
Here’s the problem for consumers who own these internet-connected devices: Because the units weren’t designed to have much secu-rity, they can’t be upgraded to make them safer. Even changing a device’s internet password won’t make it safe, because hackers can still com-promise it in other ways, such as by using techniques called “Telnet” and “SSH” (Secure Shell), that allow someone to log in to a computer from a remote location.
As a result, consumers will probably have to discard many of these early “Inter-net of Things” gadgets and replace them with new ones designed to meet higher internet security standards.
The security enhance-ments could make these home devices more expen-sive in the future.
Q: I’ve discovered that digital photos stored on my PC from as long ago as 2005 are cor-rupted. Some won’t open at all, and others are partly blanked out. This appears to have hap-pened randomly to photos that I’ve taken with several differ-ent digital cameras. What can I do?
KEVIN LEONARD, Colorado Springs, Colo.
A: Randomly corrupted
files are a classic sign of a fail-ing PC hard drive (see tinyurl.com/anfddds.) To avoid los-ing more photos or other data, replace the PC’s hard drive immediately.
While a computer shop can copy your intact photos and other data to a new hard drive, it can’t repair lost or damaged photos that were improperly stored by a failing drive. That data is lost
E-mail tech questions to [email protected]. Include name, city and telephone number.
‘Internet of Things’ vulnerable to hackers
SAM HODGSON • New York TimesJay Z, second from right, started the Tidal music service in 2015.Sprint recently acquired a one-third stake in the service.
ZSW [C M Y K] D6 Wednesday, Feb. 8, 2017
D6 • S TA R T R I B U N E B U S I N E S S W E D N E S DAY, F E B R U A RY 8 , 2 0 1 7
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