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Business and Economic News

Minnesota nurses set Nov. 30 vote to authorize a new strike

Minnesota nurses set Nov. 30 vote to authorize a new strike

Two months after calling a three-day walkout, leaders of the Minnesota Nurses Association said Thursday they’ll hold a new strike authorization vote amid slow-moving contract talks.
by Michelle Wiley

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How banks and hospitals are cashing in when patients can't pay for health care

How banks and hospitals are cashing in when patients can't pay for health care

Some credit cards advertised by hospitals lure in patients with rosy promises of convenient, low-interest payments on big bills. But interest rates soar if you can't quickly pay off the loan.
by Noam Levey and Aneri Pattani

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THC edibles surge in Minnesota but safety rules are loose, regulators aren’t ready

THC edibles surge in Minnesota but safety rules are loose, regulators aren’t ready

With little state oversight, the public has no way to know what’s in synthetic-THC edibles and drinks. National observers say Minnesota’s new law is poorly constructed and potentially dangerous. Internal state emails obtained by MPR News show regulators struggling with basic questions around the law just before it took effect in July.
by Tom Scheck

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Rising food costs take a bite out of Thanksgiving dinner

Rising food costs take a bite out of Thanksgiving dinner

Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples. 
by The Associated Press

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Target's 3Q profit drops 52 percent as shoppers force discounts

Target's 3Q profit drops 52 percent as shoppers force discounts

Target is reporting an uptick in third-quarter sales but posted a 52 percent drop in profits. The retailer was forced to further discount its merchandise to entice inflation-squeezed customers.
by The Associated Press

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Fairview, Sanford health care systems plan to merge

Fairview, Sanford health care systems plan to merge

The regional care giants say they are in discussions now and intend to combine next year. Public criticism in Minnesota scuttled a similar proposal in 2013.
by Andrew Krueger

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Walmart offers to pay $3.1 billion to settle opioid lawsuits

Walmart offers to pay $3.1 billion to settle opioid lawsuits

The retail giant become the latest major player in the drug industry to announce a plan to settle lawsuits filed by state and local governments over the toll of opioids sold at its pharmacies.
by The Associated Press

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It's the end of the boom times in tech, as layoffs keep mounting

It's the end of the boom times in tech, as layoffs keep mounting

Amazon will reportedly lay off 10,000 employees as soon as this week. That follows job cuts at Meta, Twitter, and Stripe, with CEOs citing economic uncertainty and a slowdown in online ad buying.
by Laurel Wamsley

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