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Business and Economic News

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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His St. Paul company makes speakers. Now he's speaking out, opposing tariffs

His St. Paul company makes speakers. Now he's speaking out, opposing tariffs

The trade war with China is weighing on America's manufacturers. "[The tariff burden] comes out of our bottom line," says Dan Digre, president of Misco, a speaker maker in Minnesota.
by Scott Horsley

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Wealthy donor promises college tuition to help spur growth in Kansas hometown

Wealthy donor promises college tuition to help spur growth in Kansas hometown

A retired businessman hoping to save his shrinking hometown launched a "Promise" program to pay college tuition for its students, but his plan might simply shift people around among dwindling towns.
by Celia Llopis-Jepsen

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Black Friday kicks off scramble in a shorter shopping season

Black Friday kicks off scramble in a shorter shopping season

This year’s holiday shopping season is the shortest since 2013, which means customers will have less time to shop and retailers will have less time to woo them.
by The Associated Press

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Doorbusters Busted: Shoppers Rethink Black Friday

Doorbusters Busted: Shoppers Rethink Black Friday

The day after Thanksgiving is still the busiest shopping day of the year. But, for many reasons, it is losing its status as the focal point of the holiday shopping season.
by Alina Selyukh

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737 Max scandal cuts Boeing's once rock-solid image

737 Max scandal cuts Boeing's once rock-solid image

Boeing is grappling with more than just fixing the technical problems with its 737 Max planes. Two crashes of the new plane have undermined trust in the aircraft manufacturer.
by David Schaper

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