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Business and Economic News

Met Council approves Lunda/McCrossan's $800M bid for light rail project

Met Council approves Lunda/McCrossan's $800M bid for light rail project

The council Thursday unanimously approved a nearly $800 million deal with Lunda Construction and C.S. McCrossan. Met Council Chair Alene Tchourumoff noted the project has been a long time in the making.
by Martin Moylan

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China Southern airline to quit SkyTeam, strengthen American partnership

China Southern Airlines plans to depart the SkyTeam airline alliance, it said on Thursday, opening the potential for the carrier to become a member of the oneworld group alongside strategic partner American Airlines Group Inc.

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Survey: Rural economy being hurt by tariffs, low prices

For the first time this year, a monthly survey of bankers in parts of 10 Plains and Western states indicates the regional rural economy is shrinking.
by Associated Press

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Minnesota jobless rate steady at 2.8 percent

Minnesota jobless rate steady at 2.8 percent

October's seasonally adjusted rate came as the market gained 3,400 jobs. The number of unemployed Minnesotans now at 86,118 which is the lowest since the last recession, officials said Thursday.
by MPR News Staff

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Senate OKs Coast Guard bill with ballast water compromise

Senate OKs Coast Guard bill with ballast water compromise

The U.S. Senate has approved a compromise policy on dumping ship ballast water in coastal ports and the Great Lakes, a practice blamed for spreading invasive species that damage the environment and the economy.
by Associated Press

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Schwan's Co. sold to South Korean company for $1.8 billion

Seoul-based CJ CheilJedang will pay about $1.8 billion for its majority stake. The Schwan family will retain 20 percent, and keep all of Schwan's Home Service.
by Tim Nelson

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Met Council: Southwest light rail gets federal green light

Met Council: Southwest light rail gets federal green light

The Metropolitan Council says it has received an important approval from the federal government for funding the Southwest Corridor light rail project.
by Martin Moylan

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St. Paul approves phasing in higher minimum wage

St. Paul approves phasing in higher minimum wage

Over the next nine years, St. Paul will roll out increases to the minimum wage, mirroring the Minneapolis plan but on a slower time-frame.
by Dan Kraker

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Electronic pulltabs are pulling in sales

Electronic pulltabs are pulling in sales

Originally pledged to pay for the new Vikings stadium, electronic pulltabs are now poised to pay that mortgage and more.
by Tim Nelson

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