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Business and Economic News

Lyft, Uber say they'll stop rideshares if Minneapolis passes ordinance

Lyft, Uber say they'll stop rideshares if Minneapolis passes ordinance

Rideshare companies Lyft and Uber are threatening to pull service out of Minneapolis if the city passes an ordinance Thursday that gives drivers more protections and higher pay.
by Jon Collins

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Target sales ebb in Q2 and it cuts outlook for the year citing inflation and a culture war dustup

Target sales ebb in Q2 and it cuts outlook for the year citing inflation and a culture war dustup

Target has reported weaker-than-expected sales for its the fiscal second quarter. The retailer's results were hit by headwinds including inflation and the widely publicized negative reaction by some customers to its Pride merchandise.
by The Associated Press

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Frey outlines $1.8 billion budget for Minneapolis, says city is in 'state of transition'

Frey outlines $1.8 billion budget for Minneapolis, says city is in 'state of transition'

Minneapolis Mayor Jacob Frey outlined on Tuesday his proposed $1.8 billion dollar budget for next year, which includes funding for projects in areas ranging from affordable housing to public safety and climate change. 
by Jon Collins

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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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