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Business and Economic News

Weather takes big bite out of sugar beet profits

Weather takes big bite out of sugar beet profits

The largest beet sugar producer in the U.S. expects payments for the weather-damaged 2019 crop to fall more than $300 million under last year.
by Dan Gunderson

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U student taps Nigerian roots to design a sneaker for Nike

U student taps Nigerian roots to design a sneaker for Nike

University of Minnesota student Taoheed Bayo won a Nike design challenge this fall and set about creating a shoe inspired by his African heritage. His creation, the Afro-Yute Air Max 1, is doing more than selling. It’s teaching.
by Jeffrey Bissoy

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Despite job boom, more men are giving up on work

Despite job boom, more men are giving up on work

The long economic recovery has brought unemployment to historic lows. But the number of men in the labor force during their prime working age has dropped significantly over the past 50 years.
by Jim Zarroli

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Walmart to stop selling Water Gremlin products

Walmart to stop selling Water Gremlin products

The fishing-sinker manufacturer based in White Bear Township is working to reduce lead dust leaving the plant under a court-approved plan. Children living with employees were found to have elevated blood lead levels.
by MPR News Staff

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Mayo closes two more facilities, blames rural health care crisis

Mayo closes two more facilities, blames rural health care crisis

Mayo Clinic has closed or consolidated at least 16 facilities in southern Minnesota, Wisconsin and Iowa since 2009. In announcing the closure of facilities in Springfield and Lamberton, Mayo leaders said the organization is not immune to financial and demographic pressures facing rural health care.
by Catharine Richert

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Intelligence Squared debate: Is capitalism a blessing?

Intelligence Squared debate: Is capitalism a blessing?

Capitalism is credited with spurring economic growth and fostering human ingenuity. But there are increasing concerns about income inequality and social justice.
by MPR News Staff

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