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Business and Economic News

Feel like the restaurant industry is failing? It may just be moving

Feel like the restaurant industry is failing? It may just be moving

The gut punch of losing a favorite dinner spot and the constant drum beat of restaurant closure news can make it feel like the industry isn’t doing well. But a new report suggests that might not be entirely true.
by Emily Reese and Lukas Levin

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Norfolk Southern will pay $15 million fine as part of federal settlement over Ohio derailment

Norfolk Southern will pay $15 million fine as part of federal settlement over Ohio derailment

Residents were generally underwhelmed by the deal the Environmental Protection Agency and Justice Department announced Thursday, two days after a federal judge signed off on the railroad’s $600 million class action settlement with residents.
by The Associated Press

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Remember last year’s Memorial Day travel jams? Chances are they will be much worse this year

Remember last year’s Memorial Day travel jams? Chances are they will be much worse this year

Highways and airports are likely to be jammed in the coming days as Americans head out on and home from Memorial Day weekend getaways. AAA predicts this will be the busiest start-of-summer weekend in nearly 20 years.
by The Associated Press

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Justice Department says illegal monopoly by Ticketmaster and Live Nation drives up prices for fans

Justice Department says illegal monopoly by Ticketmaster and Live Nation drives up prices for fans

The Justice Department has filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment, accusing them of running an illegal monopoly over live events in America and driving up prices for fans.
by The Associated Press

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Target sales decline to start the year, but it sees improvement

Target sales decline to start the year, but it sees improvement

Target is reporting a decline in quarterly revenue as still-stubborn inflation cuts into shoppers’ spending. The Minneapolis retailer also delivered a muted profit outlook on Wednesday. But it said it expects it will get back to quarterly sales growth in the current quarter.
by The Associated Press

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Feds charge 2 Minneapolis consultants in $1M COVID-19 fraud

Feds charge 2 Minneapolis consultants in $1M COVID-19 fraud

A grand jury has indicted two Minneapolis business consultants on charges of defrauding government pandemic aid programs out of more than a million dollars.
by Matt Sepic

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Investment firms named in U of M disclosure, divestment supporters request increased transparency

Investment firms named in U of M disclosure, divestment supporters request increased transparency

The University of Minnesota shared additional investment fund information in response to student coalition demands. The list of investment funds totals more than $518 million. Some students have concerns. 
by Melissa Olson

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Critical DMs: The arts team critiques the smell of Horace the corpse flower

Critical DMs: The arts team critiques the smell of Horace the corpse flower

The MPR News arts team discuss the strong, pungent smell of the yet-to-bloom corpse flower at the Como Zoo and Conservatory, comparing it to sour cheese, garlic and sweaty feet, while exploring fragrance terminology and the flower’s impact on visitors.
by Alex V. Cipolle and Max Sparber

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Why are there so many remote workers in Minnesota compared to other states?

Why are there so many remote workers in Minnesota compared to other states?

New data analyzed by the Federal Reserve Bank of Minneapolis has found that Minnesota has one of the higher shares of remote workers in the country and the highest in the Midwest.
by Cathy Wurzer and Aleesa Kuznetsov

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