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Business and Economic News

Guthrie Theater announces almost $4 million deficit

Guthrie Theater announces almost $4 million deficit

The Guthrie Theater announced a $3.8 million deficit for fiscal year 2023 despite higher ticket sales and donor support, with challenges attributed to rising operational expenses, pandemic impacts and an aging building.
by Cari Spencer and Jacob Aloi

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Eggs, milk and other grocery prices fall as overall inflation eases

Eggs, milk and other grocery prices fall as overall inflation eases

Inflation eased a bit last month, according to a report Wednesday from the Labor Department. Consumer prices in April were up 3.4% from a year ago — a smaller annual increase than the month before.
by Scott Horsley

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New online tool allows for close-up look into Minnesota’s changing climate future

New online tool allows for close-up look into Minnesota’s changing climate future

University of Minnesota researchers are launching a new online tool today that allows people to visualize how a future climate will look and feel, down to a 2.5 mile scale. The goal is to help engineers, farmers and others better plan for a climate-changed future.
by Dan Kraker

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Red Lobster closes dozens of locations across the U.S.

Red Lobster closes dozens of locations across the U.S.

A restaurant liquidator announced that it’s auctioning off the equipment of over 50 Red Lobster locations that were recently closed. None of Red Lobster’s Minnesota locations are on the list — but a couple just across state lines are.
by The Associated Press and MPR News Staff

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Closure of another rural in-patient psychiatric ward leads to public hearing

Closure of another rural in-patient psychiatric ward leads to public hearing

On Tuesday evening there will be a public hearing on the closure of an inpatient psychiatric ward in central Minnesota. Lakewood Health System plans to close its 10-bed unit in its hospital in the small town of Staples.
by Cathy Wurzer and Alanna Elder

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UnitedHealthcare faces state penalty for uneven mental health care coverage

UnitedHealthcare faces state penalty for uneven mental health care coverage

UnitedHealthcare is facing penalties for allegedly violating mental health parity laws. After an investigation, the Minnesota Department of Commerce says the company covers mental health claims more stringently than it covers claims for other types of care.
by Estelle Timar-Wilcox

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