Business and Economic News

Smithfield Foods announces indefinite closure of Sioux Falls plant amid COVID-19 outbreak
Smithfield Foods announced Sunday that its massive pork processing plant in Sioux Falls, S.D., will close indefinitely amid a coronavirus outbreak. As of Saturday, more than 230 employees had tested positive for COVID-19, out of a workforce of about 3,700 people.
Hospitals cut pay, furlough workers to ease COVID-19 financial blow
Across the state, hospitals are making cost-cutting measures to shoulder the blow of a temporary ban on elective surgeries and procedures. Together, hospitals are predicting a $3 billion loss over the next three months.
Grocery stores step up safety measures amid COVID-19 outbreak
Grocery workers have a very important — and risky — job these days. And employers are stepping up efforts to try to protect them.
Short on cash? Here's some advice for families stretching their budgets
Many people who have lost jobs during the pandemic are still awaiting unemployment checks and are figuring out which bills to prioritize. Experts share unusual advice for these unusual times.
Businesses shuttered by COVID-19 get sales tax extension
Minnesota businesses affected by coronavirus restrictions will have more time to pay sales taxes. Further relief is under discussion.
Senate Democrats block GOP effort to boost small-business aid
Democrats want to funnel the extra funding through community-based financial institutions, which they say help businesses owned by minorities, veterans and rural Americans across the country.