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Business and Economic News

Work and kids suddenly all home? Be flexible and patient, experts say

Work and kids suddenly all home? Be flexible and patient, experts say

With businesses and schools closing their buildings to stop the spread of the coronavirus, many Minnesotans are quickly learning the realities of working from home. Making it work involves planning and some ingenuity, particularly if there are children at home.
by Euan Kerr

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U.S. moves nearer to shutdown amid coronavirus fears

U.S. moves nearer to shutdown amid coronavirus fears

Officials across the country curtailed many elements of American life to fight the coronavirus outbreak on Sunday, with health officials recommending that groups of 50 or more don't get together and a government expert saying a 14-day national shutdown may be needed.
by The Associated Press

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Trump calls on Americans to cease hoarding food, supplies

Trump calls on Americans to cease hoarding food, supplies

President Trump on Sunday called on Americans to cease hoarding groceries and other supplies, while the government’s top infectious disease expert said he would like to see aggressive measures such as a 14-day national shutdown.
by The Associated Press

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Illinois shuts down bars, restaurants due to coronavirus

The governor of Illinois on Sunday ordered all bars and restaurants in his state to close amid the threat of the new coronavirus, and officials elsewhere in the country said they were considering similar restrictions after revelers ignored warnings against attending large gatherings.
by The Associated Press

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Fed slashes rates to near zero, eases bank lending rules

Fed slashes rates to near zero, eases bank lending rules

The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero, and also announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak.
by The Associated Press

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Apple temporarily shuts stores worldwide to fight virus

Apple temporarily shuts stores worldwide to fight virus

Tech giant Apple is closing its stores outside of China for two weeks and will only sell online as part of efforts to fight the global viral pandemic.
by The Associated Press

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How 'Med City' prepares for pandemic

How 'Med City' prepares for pandemic

In Rochester, a city dominated by health care, health and local officials are facing some unique challenges when it comes to preparing for COVID-19.
by Catharine Richert

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Minneapolis City Council OKs deal to close Minnesota's last Kmart

Minneapolis City Council OKs deal to close Minnesota's last Kmart

The Minneapolis City Council on Friday approved the termination of its lease agreement with Kmart. The city will pay more than $9 million to end the contract the city signed more than 40 years ago.
by Brandt Williams

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