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Business and Economic News

How healthy are Minnesota's pension plans?

Changes in how promised benefits are calculated showed that Minnesota has only 53 percent of what it needs to reimburse public employees, according to Bloomberg.
by Tom Weber

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State appeals court won't block Minneapolis sick-time ordinance

The court declined to suspend a city ordinance requiring employers provide time off for employee illness or emergency. It did allow a temporary injunction barring Minneapolis from enforcing the ordinance for employers based outside the city.
by Brian Bakst

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Rolling Stone magazine is put up for sale

Rolling Stone magazine is put up for sale

Wenner Media, the company founded by Rolling Stone publisher Jann Wenner, cites a desire "to best position the brand for future growth."

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Target flips on the background music. Will shoppers turn up the volume?

Target flips on the background music. Will shoppers turn up the volume?

For years, the Minneapolis-based retail giant kept overhead background music out of most of its stores. But that's changing as it moves ahead with a massive store remodeling project and tries to revive flagging sales.
by Martin Moylan

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Draft permit signals DNR is OK with Polymet dam plan

The state Department of Natural Resources has released a draft permit for the massive earthen dam PolyMet Mining is proposing to build to hold back millions of gallons of waste rock and water at its proposed copper-nickel mine in northeast Minnesota.
by Dan Kraker

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'Engineering marvel': New bridge brings excitement to the Iron Range

'Engineering marvel': New bridge brings excitement to the Iron Range

The new 200-foot tall U.S. Highway 53 bridge over an abandoned iron ore pit next to the city of Virginia is the tallest in the state. It was built to make away for the expansion of a nearby operating taconite mine.
by Dan Kraker

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MN industry leaders want more immigrant workers as restrictive policies loom

MN industry leaders want more immigrant workers as restrictive policies loom

Industry leaders say immigrants are needed to grow Minnesota's economy and address a labor shortage. But calls for welcoming more immigrants come as the White House and others offer proposals for more restrictive immigrant policies.
by Laura Yuen

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Families clash over proposed hog farm in Zumbrota Township

Families clash over proposed hog farm in Zumbrota Township

People living near the proposed facility are worried about odors and levels of hydrogen sulfide, a gas from animal waste that can be harmful to health. Those proposing the facility say they meet state standards and have a right to expand their business.
by Elizabeth Dunbar

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Minnesota jobless rate up a tick in August; 6,600 jobs cut

Minnesota jobless rate up a tick in August; 6,600 jobs cut

Minnesota's unemployment rate nudged up to a seasonally adjusted 3.8 percent in August as employers trimmed jobs. The state's jobless rate remains significantly lower than the national rate.
by MPR News Staff

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