Business and Economic News

Iron Range board OKs $5 million for mountain bike trails
The investment by the Iron Range Resources and Rehabilitation Board will help fund three separate trail systems.
Arthur Boylan's resignation letter did not provide an explanation for his decision and he did not respond to a request for comment.
The union has proposed increased support staffing and extending funding for a "restorative practices" discipline approach.
50 Cent forgot he took 700 bitcoins for a 2014 album. Now, they're worth $7.5 million
The rapper 50 Cent agreed to accept bitcoin from people buying his Animal Ambition album. The value of those sales has now skyrocketed: The rapper's holding is worth more than $7.5 million.
Toys R Us to shutter 180 stores, including 4 in Twin Cities
Stores in Blaine, Minnetonka, Woodbury and Richfield are reportedly on the list. The store closings will begin in February and the majority of the targeted locations will go dark by mid-April.
5 experts debate America's economic outlook
Five influential economists try to answer these questions: What factors are driving the economic boom, and could it last? What impact will deregulation, tax cuts and protectionist trade policies have? Is the stock market too high?
Kimberly-Clark unveils layoffs, along with $3.3B operating profit
Kimberly-Clark plans to cut up to 5,500 jobs - about 13 percent of its workforce - and get rid of 10 manufacturing plants, as its CEO cites "a challenging environment."
State's only remaining solar manufacturer primed to expand
The Canadian company Heliene Inc. is expected to receive up to $3 million in state loans to expand its solar module facility on the Iron Range, just as the Trump administration has set steep tariffs on imported solar panels in a bid to boost American manufacturers.
Trump slaps tariffs on imported solar panels and washing machines
The move has met with both praise and criticism from the solar energy industry. Manufacturers lobbied for the tariffs, while solar installers warned that American jobs will be lost.