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Business and Economic News

Mpls. council to vote on Upper Harbor Terminal plan, some say it's too soon

Mpls. council to vote on Upper Harbor Terminal plan, some say it's too soon

The Minneapolis City Council is expected to vote Friday on a plan to develop land north of downtown on the Mississippi River. But some north Minneapolis residents don't agree with some parts of the plan and feel ignored in the process.
by Gabriel Kwan

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Tame medical inflation expected to roar ahead in coming decade

Minnesota saw a historically low increase in spending on medical care in 2016, but rising prices and an aging population are forecast to double the cost of health care in a decade.
by Bill Catlin

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Tribe says Army Corps' Dakota Access pipeline findings preordained

Tribe says Army Corps' Dakota Access pipeline findings preordained

The Native American tribe leading the fight against the Dakota Access oil pipeline said Thursday that an Army Corps of Engineers document shows the agency concluded the pipeline won't unfairly affect tribes before it consulted them.
by Associated Press

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Farm loan delinquencies highest in 9 years as prices slump

Farm loan delinquencies highest in 9 years as prices slump

The nation's farmers are struggling to pay back loans after years of low crop prices and a backlash from foreign buyers over President Trump's tariffs, with a key government program showing the highest default rate in at least nine years.
by Associated Press

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$4B to purge lead from MN drinking water but $8B benefit, state says

$4B to purge lead from MN drinking water but $8B benefit, state says

A report released Thursday is the first time health officials have put a cost on removing 100,000 lead service pipes run into Minnesota homes decades ago, and removing plumbing and fixtures in homes containing lead.
by Tim Nelson

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U.S. economy grew 2.9 percent in 2018, just below Trump's target

U.S. economy grew 2.9 percent in 2018, just below Trump's target

The U.S. economy expanded at a solid 2.6 percent rate during the last three months of 2018, but growth was significantly lower than it had been earlier in the year as the boost from tax cuts waned.
by Jim Zarroli

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Minnesota budget forecast expected to show smaller surplus

Minnesota budget forecast expected to show smaller surplus

Minnesota officials are preparing to release an updated economic forecast that will guide the shaping of the state's next two-year budget, and it's expected to show a smaller surplus than they projected in December.
by Associated Press

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A very merry Christmas at Best Buy with sales booming

A very merry Christmas at Best Buy with sales booming

Best Buy put up some big holiday sales numbers Wednesday, more evidence that Americans are willing and able to spend.
by Associated Press

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Pharmaceutical company CEOs face grilling in Senate over high drug prices

Pharmaceutical company CEOs face grilling in Senate over high drug prices

Senators called pharmaceutical industry leaders to account for the high costs of medicine during a Senate hearing. The executives deflected blame to insurance companies and middlemen.
by Alison Kodjak

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