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Business and Economic News

Twin Cities archdiocese's bankruptcy costs approach $12 million

A federal judge next Thursday will consider millions of dollars more in payments to attorneys and other professionals working on the bankruptcy of the Archdiocese of St. Paul and Minneapolis.
by Martin Moylan

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Not a hack: U.S. Office of Government Ethics tweets at Trump

Not a hack: U.S. Office of Government Ethics tweets at Trump

In an odd sequence of events, the federal ethics watchdog praised Trump in a series of snarky tweets for allegedly deciding to divest his businesses -- something he hasn't specifically promised.
by Alina Selyukh

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OPEC agrees to first cut in oil production since 2008

OPEC agrees to first cut in oil production since 2008

Organization of Petroleum Exporting Countries has agreed to cut production by 1.2 million barrels per day in hopes of stabilizing the global oil market.

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Survey: U.S. businesses add 216,000 jobs, most in 5 months

Survey: U.S. businesses add 216,000 jobs, most in 5 months

U.S. companies added a solid 216,000 jobs in November, the most since June and evidence that the incoming Trump administration is inheriting a solid economy.
by Associated Press

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Carrier, Trump reach deal to keep manufacturing jobs in U.S.

Carrier, Trump reach deal to keep manufacturing jobs in U.S.

Roughly half of the jobs originally slated to move to Mexico will stay at the air-conditioning company's Indianapolis plant. Trump made the company's decision a major campaign talking point.

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Trump says he's leaving businesses to avoid conflicts

Trump says he's leaving businesses to avoid conflicts

"I will be leaving my great business in total in order to fully focus on running the country in order to make America great again," the President-elect tweeted in a series of missives sent before dawn.
by Associated Press

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Mpls. startup wants to simplify health insurance

Mpls. startup wants to simplify health insurance

It may not seem like a good time to get into the health insurance business, but a new Minneapolis startup called Bright Health is doing just that.
by Mark Zdechlik

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Accountant admits stealing $3 million from Cargill

A corporate accountant in New York admitted Monday to stealing at least $3.1 million from agribusiness giant Cargill, Inc., and causing $25 million in losses to the privately held company's grain shipping operations.
by Associated Press

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Pioneer Press reporters seek new owner for newspaper

Pioneer Press reporter Dave Orrick talked about the future of the paper in light major job cuts and the prospect of more.
by MPR News Staff

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