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Business and Economic News

‘I gotta do it now’: for some older adults, retirement means chasing a new ambition

Courtney Burton is running two businesses after retiring from her primary career, one of a growing number of older adults who are “second-act entrepreneurs.”
by Cathy Wurzer, Chris Farrell and Gretchen Brown

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Storied U.S. Steel to be acquired for more than $14 billion by Nippon Steel

Storied U.S. Steel to be acquired for more than $14 billion by Nippon Steel

U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. U.S. Steel employs hundreds of people at its taconite operations on the Iron Range, including Minntac in Mountain Iron and Keetac in Keewatin.
by The Associated Press and Dan Kraker

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Broadcasters face challenges in major upgrade to over-the-air TV

Broadcasters face challenges in major upgrade to over-the-air TV

As viewers continue to depend on free over-the-air TV, stations in the Twin Cities and across the country are making major changes to the way they broadcast the signals, with the promise of better reception and sharper pictures.
by Matt Sepic

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Quaker Oats recalls granola products over concerns of salmonella contamination

Quaker Oats recalls granola products over concerns of salmonella contamination

Quaker Oats has recalled several of its granola products because it says the foods could be contaminated with salmonella. The company is asking customers to throw out certain types of granola bars and granola cereals to avoid infection.
by The Associated Press

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U.S. Postal Service payroll glitch skips pay for 2,200 letter carriers

U.S. Postal Service payroll glitch skips pay for 2,200 letter carriers

For the second time this year, thousands of rural letter carriers across the country missed a paycheck. For those who missed paychecks in November, it's not known if they've been paid the wages they are due yet.
by Todd Melby

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Inflation has cooled a lot. So why do things still feel so expensive?

Inflation has cooled a lot. So why do things still feel so expensive?

Inflation has cooled significantly recently, but you may still find yourself paying more at the grocery store. What gives? Here's a primer on what easing inflation actually means.
by Scott Horsley

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Minneapolis awarded $20 million federal grant to improve traffic safety

Minneapolis awarded $20 million federal grant to improve traffic safety

The Biden Administration announced Wednesday the $20 million grant will pay for city safety measures at more than 500 intersections and for more protected bike lanes and pedestrian refuge islands.
by MPR News Staff

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