Business and Economic News

January 23, 2017 5:37 PM

What's the TPP, again?

President Trump signed an executive memorandum effectively ending U.S. involvement in an agreement that would set ground rules for trade around the Pacific Rim.

by William Lager

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January 23, 2017 5:29 PM

Minn. farmers, business leaders lament Pacific trade deal's demise

President Donald Trump on Monday officially ended U.S. participation in the Trans-Pacific Partnership. Many Minnesota businesses saw the proposed deal as a way to boost exports to Asian markets. Other groups, though, applauded Trump's move.

by Mark Steil

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January 23, 2017 4:00 PM

Judge blocks health care merger, saying it would hurt competition

A federal just has ruled against the proposed acquisition of the health insurance company Humana by its larger rival, Aetna. The suit alleged that the merger would hurt competition in the health care market, leading to higher prices for consumers and fewer services for Medicare patients.

by Rebecca Hersher

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January 23, 2017 9:22 AM

Trump summons business leaders, lawmakers to White House

Trump warned business leaders that he would impose a "substantial border tax" on companies that move their manufacturing out of the U.S., while promising tax advantages to companies that produce products domestically.

by The Associated Press

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January 23, 2017 12:00 AM

The one sentence from 1977 that explains the complicated reality of Ely, Minn.

In the summer of 1977, as debate over the future of the Boundary Waters raged on in St. Paul and Ely, state Rep. Willard Munger drew a line in the sand.

by Tom Weber

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January 19, 2017 12:58 PM

Federal watchdog sues TCF Financial over overdraft fees

Federal consumer finance regulators said Thursday they were suing TCF Financial Corp., alleging the Twin Cities-based bank deceived consumers so it could charge them exorbitant overdraft fees. The lawsuit also alleged extracting fees was a point of pride: TCF chairman William Cooper named his boat "Overdraft."

by Associated Press

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January 19, 2017 11:53 AM

NFL's Raiders file papers to move from Oakland to Las Vegas

"I am happy to see the process moving forward, and greatly appreciate the commitment of the Raiders and work of the Adelson family to the hope of making Las Vegas the home of the Raiders," said Clark County Commission Chairman Steve Sisolak.

by Associated Press

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January 19, 2017 10:51 AM

Not just a crock: The viral word-of-mouth success of Instant Pot

Launched in 2010, the multifunction cooker became a sleeper hit last year. That's when its maker harnessed the enthusiasm of owners - self-dubbed "addicts" - to spread the word online.

by Grace Hwang Lynch

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January 19, 2017 10:24 AM

MN December jobless rate ticks up to 3.9 percent; 12K jobs added

The state's seasonally adjusted jobless rate remained below the 4.7 percent national rate, but the nation continued to outpace Minnesota in one-year job growth.

by MPR News Staff