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Business and Economic News

Cliffs CEO: Without mineral rights, Irone Range taconite hub could shut down

Cliffs CEO: Without mineral rights, Irone Range taconite hub could shut down

Cleveland-Cliffs CEO Lorenzo Goncalves is eyeing a mineral deposit in Nashwauk to keep Hibbing Taconite operational. Cliffs has scattered holdings in the area but a controlling set of leases is subject to litigation.
by MPR News Staff

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Twitter employees quit in droves after Elon Musk's ultimatum passes

Twitter employees quit in droves after Elon Musk's ultimatum passes

The billionaire gave employees of his newly-purchased company until Thursday evening to commit to "being extremely hardcore" and staying or take a severance package.
by Shannon Bond

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How Bill and Penny George became a power couple in Minnesota philanthropy

How Bill and Penny George became a power couple in Minnesota philanthropy

Bill George led Medtronic with heart and soul. His wife Penny George is a breast cancer survivor whose treatments led her to champion holistic healthcare for everyone. MPR News host Angela Davis talks with this Twin Cities power couple about how their experiences and values shape their philanthropy.  
by Angela Davis and Maja Beckstrom

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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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