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Business and Economic News

Cargill to lay off about 475 employees in Minnesota, 8,000 worldwide

Cargill to lay off about 475 employees in Minnesota, 8,000 worldwide

The Minnesota-based agricultural trading giant told employees Monday that it would be eliminating 5 percent of its staff in an effort to realign their talent and resources with their strategy.
by Kyra Miles

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After years of delays, revived taconite mine offers new economic hope on Minnesota’s Iron Range

After years of delays, revived taconite mine offers new economic hope on Minnesota’s Iron Range

Mesabi Metallics — a controversial project that’s been in the works for more than two decades and could be the first new taconite mine in Minnesota in nearly 50 years — is once again bringing hopes of economic revival to the Iron Range.
by Dan Kraker

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'Moana 2' sails to a record $221 million opening as Hollywood celebrates a moviegoing feast

'Moana 2' sails to a record $221 million opening as Hollywood celebrates a moviegoing feast

“Moana 2” brought in a tidal wave of moviegoers over the Thanksgiving Day weekend with $221 million in ticket sales. Studio estimates Sunday show that, combined with “Wicked” and “Gladiator II,” made for an unprecedented weekend in cinemas.
by The Associated Press

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Minneapolis Downtown Council starts 10-year plan to revitalize neighborhood

Minneapolis Downtown Council starts 10-year plan to revitalize neighborhood

The Minneapolis Downtown Council is kicking off a new plan to revitalize the city center, with goals to get more people and more energy into the city by 2035. That could include an overhaul of Nicollet Mall, commercial-to-residential building conversions and attracting tens of thousands of new residents.
by Estelle Timar-Wilcox

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