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Business and Economic News

Monsanto no more: Agri-chemical giant's name dropped in Bayer acquisition

Monsanto no more: Agri-chemical giant's name dropped in Bayer acquisition

Germany's Bayer announced in 2016 that it would be buying Monsanto for more than $60 billion. Now it confirms it will be dropping the Monsanto name, which has been made infamous by protesters.

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Last Rainbow Foods in Minnesota continues to survive

Last Rainbow Foods in Minnesota continues to survive

The Rainbow Foods chain was once the second-largest in the metro area. But in 2014 the parent company pulled out of the market, and today the surviving Rainbow stands alone along the retail corridor that is White Bear Avenue.
by Associated Press

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U.S. allies rebuke Trump administration's trade actions at G7 meeting

U.S. allies rebuke Trump administration's trade actions at G7 meeting

In a joint statement from the six non-U.S. finance ministers, the group expressed "unanimous concern and disappointment" with the latest trade actions from the Trump administration.
by Wynne Davis

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Flooding and rising seas threaten America's oldest farmland

Flooding and rising seas threaten America's oldest farmland

Some of the oldest farmland in America is on the Eastern Shore of Maryland. But as sea levels rise, saltwater is killing crops and threatening a way of life.
by Jennifer Ludden

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From distillers to farmers, trade war would cause casualties

From distillers to farmers, trade war would cause casualties

If a trade war is coming, the cheesemakers of Wisconsin are standing in the line of fire. So are the farmers of Minnesota and the distillers of Kentucky. And the employees of iconic American brands like Harley-Davidson and Levi Strauss.
by The Associated Press

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U.S. steel and aluminum tariffs are 'Illegal,' EU trade commissioner says

U.S. steel and aluminum tariffs are 'Illegal,' EU trade commissioner says

The European Union will take its case to the World Trade Organization. The U.S. tariffs are "pure protectionism," Europe's top trade commissioner said as the measures took effect on Friday.

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Unemployment rate drops to 3.8 percent, lowest since 2000

Unemployment rate drops to 3.8 percent, lowest since 2000

The U.S. economy gained a stronger-than-expected 223,000 jobs last month and the unemployment rate edged down to an 18-year low, the Labor Department said. Meanwhile, wage growth picked up slightly.
by Chris Arnold and Avie Schneider

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Hennepin County approves more light rail funding

Hennepin County approves more light rail funding

With cost estimates for the 14.5-mile line now past $2 billion, project backers say more county money is the only way to get federal to match.
by Tim Nelson and Matt Sepic

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