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Business and Economic News

Privately held Esmark makes offer for US Steel, sets up bidding contest for iconic steelmaker

Privately held Esmark makes offer for US Steel, sets up bidding contest for iconic steelmaker

ndustrial conglomerate Esmark says it has made an all-cash bid to buy U.S. Steel that values the iconic steelmaker at $7.8 billion. That tops an earlier offer from rival Cleveland-Cliffs. 
by The Associated Press

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Long before latest push to bring high tech to north Minneapolis there was Microtron

Long before latest push to bring high tech to north Minneapolis there was Microtron

There’s a new push to bring high tech businesses and jobs to north Minneapolis. However, 35 years ago a pioneering Black business owner named Beck Horton — and his now defunct company Microtron — did just that.
by Jae Bryson

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US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives

US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives

United States Steel Corp. said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers.
by The Associated Press

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Thinking of buying a new pair of jeans? Breaking down the cost over time might help you decide

Thinking of buying a new pair of jeans? Breaking down the cost over time might help you decide

Shoppers are looking beyond just the price tag of a skirt or a pair of pants in the wake of still stubbornly high inflation. Some are adopting a new calculation: how many times will they wear a piece of clothing to be able to justify the cost?
by The Associated Press

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Teens strive to earn long-term tech positions in the Twin Cities

Teens strive to earn long-term tech positions in the Twin Cities

Through its Tech Geeks program, 30,000 Feet offers paid training and a pathway to lucrative careers, in particular for young people of color.
by Aaliyah Demry

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Making sure Minnesota gets its share of green energy money

Making sure Minnesota gets its share of green energy money

As part of our “Getting to Green” series, the Minnesota Department of Commerce’s Pete Wyckoff talks about the amount of federal funding available to accelerate the transition to a clean economy, and his role in making sure Minnesota gets its share of the money
by Dan Kraker

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