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Business and Economic News

Target lowers 4Q profit and sales outlook

Target lowers 4Q profit and sales outlook

The disappointing holiday season is a setback for Target, which like many other retailers is trying to reinvent itself to be more nimble in a changing landscape where online leader Amazon.com is setting the rules.
by The Associated Press

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Gulf between richest and poorest wider than previously thought, Oxfam says

Gulf between richest and poorest wider than previously thought, Oxfam says

Last year, Oxfam said the world's richest 62 people had as much money as the poorest 3.6 billion. Turns out those numbers were wrong: The richest nine people had as much wealth as half the planet.

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Will Minnesota start running on Dunkin'?

Will Minnesota start running on Dunkin'?

The Massachusetts-based coffee and doughnut chain is planning to open dozens of stores in the state as it expands westward.
by Martin Moylan

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Sunday liquor sales off to a fast start at Capitol

Sunday liquor sales off to a fast start at Capitol

A House committee Tuesday gave lopsided approval to a measure that would lift the longtime state ban on Sunday liquor store sales.
by Tim Pugmire

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GM to add or keep 7,000 U.S. jobs, make $1 billion factory investment

GM to add or keep 7,000 U.S. jobs, make $1 billion factory investment

General Motors announced 5,000 new positions will be created at its auto financing arm and to develop advanced technology, electric and autonomous vehicles and information technology.
by Associated Press

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Is trust in journalism busted?

Four Pulitzer Prize winning journalists try to answer that question.
by Laura Yuen and Tom Weber

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Feds allege KleinBank used discriminatory lending practices

The U.S. Department of Justice lawsuit alleges that KleinBank was systematically engaged in "redlining," to deny or avoid providing credit services to minorities.
by The Associated Press

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Great Lakes shipping season floats to a close this weekend

Great Lakes shipping season floats to a close this weekend

Shipwatchers in Duluth will brave the elements this weekend for one last up-close view of giant freighters gliding into the harbor before they lay up for the winter.

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Minnesota farmers say Dayton plan to curb runoff is laced with problems

Minnesota farmers say Dayton plan to curb runoff is laced with problems

Gov. Mark Dayton sees the state law requiring 50-foot grassy buffer strips along most Minnesota water bodies as part of his environmental legacy. Farmers call it too costly and unworkable. Minnesota's senior U.S. House member agrees.
by Mark Steil

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Feds launch study of proposed 20-year mining ban near Boundary Waters

The U.S. Forest Service will begin a lengthy environmental review on a proposed mining moratorium on the Superior National Forest in the Rainy River watershed.
by Dan Kraker

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