Business and Economic News

December 10, 2020 4:39 PM

Twin Cities man first to be sentenced for arson from May unrest

A judge this week sentenced a Twin Cities man to more than six years in federal prison for setting fire to a Dakota County government building. Fornandous Cortez Henderson was the first person to be sentenced for setting fires during the civil unrest that followed the police killing of George Floyd in May.

by Matt Sepic

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December 10, 2020 3:47 PM

Minnesota lawmakers agree on help for businesses but not workers

State lawmakers say they have a partial agreement on COVID-19 relief for businesses but remain far apart on other proposals, including an extension of unemployment benefits.

by Tim Pugmire

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December 10, 2020 9:50 AM

Unemployment claims jump just before critical aid programs are set to expire

Jobless claims rose sharply last week as critical relief programs, including expanded jobless benefits, are due to expire the day after Christmas.

by Scott Horsley

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December 10, 2020 6:01 AM

What Joe Biden can (and can't) do to stimulate this pandemic economy on his own

With a closely divided Congress, President-elect Joe Biden's economic agenda may depend on what his incoming administration can do on its own.

by Asma Khalid

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December 9, 2020 7:24 PM

Biden expected to tap Katherine Tai as U.S. trade representative

Katherine Tai, if confirmed, will be the first woman of color to serve in the role.

by Kelsey Snell and Alana Wise

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December 9, 2020 4:54 PM

Pet treat company eyeing former Del Monte plant in southern Minn.

Almost a year after California-based Del Monte Foods announced the closing of its canning plant in Sleepy Eye, Minn., a pet treat manufacturer is in talks to take over the facility.

by Hannah Yang

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December 9, 2020 2:27 PM

48 AGs, FTC sue Facebook alleging illegal power grabs to 'neutralize' rivals

The state and federal officials say Facebook's acquisitions of WhatsApp and Instagram violated competition laws and served to stifle rivals by giving the social network an unfair advantage.

by Shannon Bond and Bobby Allyn

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December 9, 2020 6:44 AM

Hudson approves three-day, weekly curfew for bars, restaurants

The Hudson City Council has approved a 10 p.m. curfew for bars and restaurants across the city on Thursday, Friday and Saturday nights. It goes into effect this Friday and lasts through Jan. 3.

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December 7, 2020 1:05 PM

China posts record month for trade thanks to homebound, bored Americans

China's trade surplus hit a record in November as exports to the U.S. soared by 46 percent. U.S. exports to China are also growing, but not as quickly.

by Scott Horsley