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Business and Economic News

Xcel Energy sells land in Becker to Microsoft for data center

Xcel Energy sells land in Becker to Microsoft for data center

The tech giant bought about 295 acres in the city of Becker for about $17.7 million, according to public data from the Minnesota Department of Revenue.
by Kirsti Marohn

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Executive is convicted of insider trading related to medical device firm acquisition

Executive is convicted of insider trading related to medical device firm acquisition

Prosecutors say an executive at a medical device company has been convicted in Minnesota of insider trading for a scheme involving negotiations for the acquisition of the firm that was valued at $1.6 billion. 
by The Associated Press

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Capital One is acquiring Discover in a deal worth $35 billion

Capital One is acquiring Discover in a deal worth $35 billion

The companies are teaming up, in part, to expand their payment network. Discover is the smallest of the four U.S.-based payment networks, which also include Visa, American Express and Mastercard.
by Ayana Archie

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Target launching new in-house bargain brand Dealworthy

Target launching new in-house bargain brand Dealworthy

With customers spending less amid inflation, Target is rolling out a new attempt to bump up sales. The Minneapolis-based retailer is launching a new bargain in-house brand called Dealworthy.
by MPR News Staff

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