Business and Economic News

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.
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.
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.
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.
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.
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.
U.K. reaches draft Brexit deal with E.U. — but it may be a tough sell
The British prime minister's office confirmed the deal Tuesday without offering further details. But that did not silence Theresa May's critics at home, many of whom have already expressed opposition.