Business and Economic News

January 18, 2017 5:13 PM

Minneapolis Fed presses effort to close racial, economic gaps

Hoping his institution can be a force for economic equality, Minneapolis Federal Reserve President Neel Kashkari on Wednesday unveiled a new research push that he said would focus on the well-being of all Americans.

by Martin Moylan

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January 18, 2017 3:44 PM

Builders worry affordable housing support will shrink under Trump

Minnesota low-income housing builders say they're already feeling the impact of Donald Trump's presidential victory. Uncertainty about his corporate tax policies has nearly scuttled a key financing mechanism for new developments.

by Catharine Richert

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January 18, 2017 9:56 AM

Commerce nominee Ross declares he is pro-trade, pro-union

Billionaire investor Wilbur Ross cited his relationship with the United Steelworkers Union, which has endorsed him for the Cabinet post, as proof that he will work to protect American jobs.

by The Associated Press

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January 18, 2017 8:29 AM

The rise of MyPillow and CEO Mike Lindell

Writer Josh Dean recently spent time with Lindell at his new factory in Shakopee for an article published this week in Bloomberg Businessweek.

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January 18, 2017 7:30 AM

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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January 18, 2017 6:43 AM

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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January 18, 2017 4:00 AM

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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January 17, 2017 5:41 PM

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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January 17, 2017 10:57 AM

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