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Business and Economic News

Years later, Petters' fraud case stirs new legal ripples

Years later, Petters' fraud case stirs new legal ripples

Charities facing claims over investment earnings from securities tied to white collar fraudster Tom Petters are looking to the Legislature for protection. A court receiver says other victims would lose out.
by Brian Bakst

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Podcast 'In the Dark' wins Peabody award

Podcast 'In the Dark' wins Peabody award

The podcast that explored the investigation into the disappearance of Jacob Wetterling has won one of the most prestigious awards in broadcasting.
by Nancy Lebens

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Wells Fargo faces shareholders, protesters at annual meeting

Wells Fargo faces shareholders, protesters at annual meeting

Shareholders irritated by the fallout from Wells Fargo's sales practices scandal sent a warning to the bank's executives and board, with some directors barely holding onto their jobs Tuesday in what is typically a symbolic vote.
by Associated Press

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A budget deficit challenge for Trump's tax plan

A budget deficit challenge for Trump's tax plan

President Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent. But how can he deliver the "massive" tax cut he promised without also blowing a massive hole in the budget?
by The Associated Press

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Iowa farmers won water pollution court fight; water still polluted

Iowa farmers won water pollution court fight; water still polluted

The Des Moines Water Works went to court to force farmers to pay the costs of cleaning the city's drinking water. A federal judge recently tossed the case but left a vital question unanswered.
by Mark Steil

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Roots of tension: race, hair, competition and black beauty stores

Roots of tension: race, hair, competition and black beauty stores

A Minnesota entrepreneur discovers that opening a beauty supply business means navigating a multibillion-dollar industry for black hair products that's run largely from Asia and doesn't cede power without a fight.
by Emma Sapong

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From granite to germs, St. Cloud economy grows more diverse

From granite to germs, St. Cloud economy grows more diverse

Today, St. Cloud's economy is booming. The average annual unemployment rate last year was 3.8 percent, down from a peak of nearly 8 percent in 2009 during the recession.
by Kirsti Marohn

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