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Business and Economic News

Met Council rejects all Southwest light rail bids as too costly

Met Council rejects all Southwest light rail bids as too costly

Officials say all four bids to build the Minneapolis-to-Eden Prairie line were too high. Rebidding will delay the project four months and push back the opening to 2022.
by Tim Nelson

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Delayed Minnesota lawsuit against Syngenta heads to trial

The case alleges Viptera corn wrecked an important export market for U.S. corn and hurt prices. But Syngenta says the 2013 price drop resulted from larger market forces, not China's rejection of Viptera.
by The Associated Press

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3 Equifax execs sold stock days after hack that wasn't disclosed for a month

3 Equifax execs sold stock days after hack that wasn't disclosed for a month

Equifax says the three executives, who sold nearly $2 million in stock, at the time didn't know of the breach, which exposed personal data of 143 million Americans. Consumers struggle to get answers.
by Alina Selyukh

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New co-op brings groceries, hope to north Minneapolis

New co-op brings groceries, hope to north Minneapolis

It took 10 years, but a neighborhood food co-op is finally a reality. The doors are open now at Wirth Cooperative Grocery. Some, including an ex-NBA star from Minneapolis, hope it's the start of good things to come.
by Emma Sapong

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Judge halts work on $2.1 billion Red River diversion project

Judge halts work on $2.1 billion Red River diversion project

The diversion plan calls for a large levee to be built south of Fargo-Moorhead to hold back flood waters from the Red River and divert them into a 30-mile-long channel around the cities
by Dan Gunderson

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In Rochester, downtown rents squeeze out small businesses

In Rochester, downtown rents squeeze out small businesses

Since Mayo's destination Medical Center project kicked off in 2013, commercial property values across Rochester have increased by about 50 percent.
by Catharine Richert

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Minnesota wants in on Amazon HQ sweepstakes

Minnesota wants in on Amazon HQ sweepstakes

Gov. Mark Dayton is shopping for Amazon. He's directing his economic development team to work on a plan to land the company's second headquarters amid the promise of 50,000 jobs. Competition among states will be fierce.
by Brian Bakst

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