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Business and Economic News

Solid hiring in July cuts unemployment rate to 4.3 percent

U.S. employers added 209,000 jobs in July, a second straight month of robust gains that underscore the economy's vitality as it enters a ninth year of expansion.
by The Associated Press

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Fact check: Have immigrants lowered wages for blue-collar American workers?

Fact check: Have immigrants lowered wages for blue-collar American workers?

White House policy adviser Stephen Miller said the "numbers of low-skilled [immigrant] workers in particular is a major detriment to U.S. workers."

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After health care collapse, GOP seeks redemption with tax cuts

After health care collapse, GOP seeks redemption with tax cuts

Congressional Republicans are shifting their focus to legislation to overhaul the federal tax code. They want to send a bill to President Trump by Thanksgiving.

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BWCA land swap environmental review released

BWCA land swap environmental review released

The Superior National Forest has released the draft of a proposal it hopes will settle a 40-year old controversy over about 50 square miles of state school trust land trapped inside the federally controlled Boundary Waters Canoe Area Wilderness.
by Dan Kraker

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Minnesota doubles biofuel mandate for diesel

Minnesota doubles biofuel mandate for diesel

Minnesota officials have announced a doubling of the mandate for bio-based diesel fuel sold at the pump during summer months.
by Mark Steil

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To grow market share, a drugmaker pitches its product to judges

To grow market share, a drugmaker pitches its product to judges

The pharmaceutical company Alkermes is trying to increase the number of people taking Vivitrol for their opioid addiction by marketing the drug to judges, who have the power to influence treatment.
by Jake Harper

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Why America's wages are barely rising

Why America's wages are barely rising

Economists say the pickup in wages has been sluggish. One possible reason is that high-earning baby boomers are leaving the workforce. And some people aren't looking to work because wages are too low.

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TreeHouse Foods to close Brooklyn Park factory

The company will lay off about 375 workers, and close two factories in Minnesota and Indiana, as the packaged food maker cuts costs.
by The Associated Press

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Who snatched my car? Wells Fargo did

Who snatched my car? Wells Fargo did

Wells Fargo is facing another scandal. This time, the bank acknowledges it signed up nearly 500,000 auto-loan customers for insurance they didn't need. Thousands lost their cars to repossession.
by Chris Arnold

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