Business and Economic News

Northern Minn. iron ore mining company invests in steel industry’s future
The Cleveland-Cliffs mining company celebrated the completion of a $100 million expansion of its Northshore Mining operation in Silver Bay Tuesday. The upgrade will enable the facility to feed a fast-growing segment of the steel industry.
Ask a farmer: What are you curious to know about farming or life on the farm?
Many Minnesota farmers have had a rough year with flooded fields and being caught in a trade war between the U.S. and China. This week farmers are gathering for their annual summit near Redwood Falls. If you’re like most Americans you aren’t a farmer and won’t be there, but we will be and want your questions for farmers.
GateHouse, Gannett to merge for $1.4B, build newspaper giant
GateHouse Media, a fast-growing chain backed by an investment firm, is buying USA Today owner Gannett. The merge would be the largest U.S. newspaper company by far, with a print circulation of 8.7 million.
Solar flare: Minnesota leads nation in solar mini-gardens
The solar gardens are rising like soybeans in Cottage Grove, Lakeville and Farmington. They are the reason why Minnesota's solar capacity leaped by 47 percent last year.
U.S. Treasury Department labels China currency manipulator
China decided Monday to meet President Trump's latest tariff threat with defiance, letting its currency drop to an 11-year low. On Wall Street, the Dow Jones Industrial Average ended Monday down nearly 3 percent.
Farmfest returns to southwestern Minnesota this week
The annual agriculture trade show takes place from Tuesday through Thursday on a 50-acre site at the Gilfillan Estate southeast of Redwood Falls.
Two local investigative journalists talked about how their work has sparked change, and share their thoughts on the importance of this type of journalism in the Trump era.
South Korea vows countermeasures as Japan downgrades trade status
Japan's Cabinet on Friday approved the removal of South Korea from a list of countries with preferential trade status, prompting retaliation from Seoul where a senior official summoned the Japanese ambassador and told him that South Koreans may no longer consider Japan a friendly nation.
China threatens retaliation for Trump's planned tariff hike
China on Friday threatened retaliation if U.S. President Trump's planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling.
Trump says he'll put 10 percent tariffs on remaining China imports
President Trump intensified pressure Thursday on China to reach a trade deal by saying he will impose 10 percent tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn't already taxed. The move immediately sent stock prices sinking.