Business and Economic News

Small biz owners are both hopeful and anxious about the holidays
After two years of a COVID-fueled sales boost, owners fear consumers have run through their pandemic savings and might cut back this holiday season or shop online again after getting out and supporting local businesses
Minneapolis-based Fairview Health Services says it’s cutting 250 jobs across its hospitals and clinics. Fairview says the jobs will be cut before the end of the year.
More medical gloves are coming from China, as U.S. makers of protective gear struggle
The federal government has invested hundreds of millions of dollars to boost American production of medical gloves, but some companies say it's not enough when imported gloves have gotten cheaper.
Utilities ask Minnesota regulators to approve gas, electric rate hikes
Duluth-based Minnesota Power is asking state regulators to approve a 12 percent increase in the electric rates it charges customers. Meanwhile, CenterPoint Energy and Xcel Energy also filed requests for rate increases for their natural gas customers in Minnesota.
Bankrupt and loving it: Welcome to the lucrative world of undead brands
Remember Juicy Couture and Pier 1? They went under, but not all the way under. Someone still makes millions of dollars off these names. And the hunt for revivable brands is big business.
What’s old is new again: Iconic Rochester sign gets a ‘glow-up’
For more than 50 years, the Kahler Grand Hotel’s neon red sign has lit up the sterile gray skyline of Mayo Clinic’s downtown Rochester campus. Now the iconic beacon is getting a “glow-up.”
Minnesota coalition gathers nearly $1B in pledges to help build wealth in Black communities
The GroundBreak Coalition — which includes more than 40 corporate, civic and philanthropic organizations in Minnesota — announced Tuesday it’s received pledges of nearly $1 billion to help build wealth in Black communities.