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Business and Economic News

North Dakota leaders urge Obama to push pipeline completion

North Dakota leaders urge Obama to push pipeline completion

The state's governor and congressional delegation want the White House to authorize the Army Corps of Engineers to approve the Dakota Access oil pipeline's crossing under the Missouri River in North Dakota.
by Associated Press

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Federal judge blocks Obama administration's overtime pay rule

Federal judge blocks Obama administration's overtime pay rule

About 4 million workers would have become eligible to earn overtime under the new rule set to go into effect Dec. 1. Business groups and 21 states sued. A Texas judge has now put the rule on hold.
by Brakkton Booker

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Rochester council deadlocks on vote to allow Uber

Rochester council deadlocks on vote to allow Uber

Some observers say the ridesharing issue is a test of whether Rochester is prepared to accept the changes necessary to become the talent magnet and world-renowned medical destination it hopes to be.
by Catharine Richert

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Pipeline protest policing costs surpass emergency spending

Pipeline protest policing costs surpass emergency spending

North Dakota officials may need to borrow more money to police protests against the Dakota Access oil pipeline now that costs have exceeded the $10 million in emergency spending authorized by the state.
by Associated Press

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Trump's charity admits to violating IRS self-dealing ban

Trump's charity admits to violating IRS self-dealing ban

President-elect Donald Trump's charity has admitted that it violated IRS regulations barring it from using its money or assets to benefit Trump, his family, his companies or substantial contributors to the foundation.
by Associated Press

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Drill, baby, drill? Election reignites offshore-oil debate

Drill, baby, drill? Election reignites offshore-oil debate

The controversy over drilling for oil in the Atlantic Ocean has been reignited by the election of Donald Trump, and environmentalists and coastal businesses say it could be the first major fault line that divides them from the new president.
by Associated Press

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Turkey farmer thriving a year after avian flu outbreak

This year, John Burkel is harvesting about 100,000 turkeys, compared with just 26,000 from last year, when he lost four of his flocks in part due to an avian flu outbreak.

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Neel Kashkari explains his ideas for too-big-to-fail banks

Neel Kashkari explains his ideas for too-big-to-fail banks

Neel Kashkari, the head of the Federal Reserve Bank of Minneapolis, last week released an ambitious plan designed to head off another financial crisis triggered by the collapse of big banking entities.
by Bill Catlin

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As winter settles in, so do Dakota Access pipeline protesters

As winter settles in, so do Dakota Access pipeline protesters

Weekend protests sent a message that opponents of the Dakota Access pipeline do not intend to let winter disrupt their efforts to derail the project.
by Dan Gunderson

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Iron Range voters turn to Trump to boost region's struggling economy

Iron Range voters turn to Trump to boost region's struggling economy

Mining country in northeast Minnesota, with its strong union ties, has historically backed Democrats in huge numbers. But this year many voters turned to Donald Trump, hoping for an economic jumpstart.
by Dan Kraker

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