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Business and Economic News

Buttigieg's high college debt draws attention to the issue

Buttigieg's high college debt draws attention to the issue

Democratic presidential candidate Pete Buttigieg knows firsthand the burden of six-figure student loan debt. He and his husband, Chasten, are far from alone, though, and their personal college indebtedness is helping to keep the issue on the national stage.
by Associated Press

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700 former, current Shopko workers seek severance pay

700 former, current Shopko workers seek severance pay

The move comes after a federal judge on Friday approved the Wisconsin-based retailer's plan to exit bankruptcy protection and wind down its operations.
by Associated Press

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Hiring slows amid trade tensions, with only 75,000 jobs added in May

Hiring slows amid trade tensions, with only 75,000 jobs added in May

The number of jobs added was well below the three-month average. Manufacturing, a key sector that is affected by trade tensions, showed weak growth. But the unemployment rate held steady, at 3.6 percent.
by Scott Horsley

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Trump says U.S., Mexico reach agreement to prevent tariffs

Trump says U.S., Mexico reach agreement to prevent tariffs

President Trump announced late Friday that he had suspended plans to impose tariffs on Mexico, tweeting that the country "has agreed to take strong measures" to stem the flow of Central American migrants into the United States. But the deal the two neighbors agreed to falls short of some of the dramatic overhauls the U.S. had pushed for.
by Associated Press

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Court lifts injunction blocking Keystone XL oil pipeline

Court lifts injunction blocking Keystone XL oil pipeline

An appeals court has lifted a judge's injunction that blocked construction of the Keystone XL oil pipeline from Canada to the U.S., but the developer has said it's too late to begin work this year and environmental groups vowed to keep fighting it.
by Associated Press

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Barnes & Noble set to be sold to Elliott Management for about $683 million

Barnes & Noble set to be sold to Elliott Management for about $683 million

That price tag includes all of the book megachain's debt. Elliott's acquisition of the largest retail bookseller in the U.S. comes less than a year after it bought Waterstones, the largest in the U.K.
by Colin Dwyer

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Metro Transit to launch C Line this weekend

Metro Transit to launch C Line this weekend

The new bus rapid transit line will be served, in part, by a fleet of battery-powered vehicles made in St. Cloud.
by Tim Nelson

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Mercedes Benz is going carbon neutral

German automaker Mercedes Benz is the latest to make the move toward a carbon-neutral auto fleet. The automaker pledges to change factories and vehicles to go carbon neutral by 2039.
by Paul Huttner

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Hemp farmer sues MN over crop crackdown, says state broke its own rules

Hemp farmer sues MN over crop crackdown, says state broke its own rules

Southern Minnesota farmer Luis Hummel is pushing back on a move by state agriculture officials to yank his license and destroy his hemp crop after police said it tested more like marijuana than hemp. But it's not clear what happened, or if the state followed its own regulations.
by Briana Bierschbach

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