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Business and Economic News

Minnesota Power rate cut approved for mines, paper mills

Regulators have approved lower electrical rates for mines and paper mills, but have told Minnesota Power it needs to justify its plan recapture that lost revenue by raising rates for residential customers.
by Associated Press

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Workplace dangers take the stage in Allina nurses strike

Allina Health officials downplayed striking nurses concerns that the company would step back from an agreement to boost hospital security.
by Lorna Benson

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MN jobless rate ticks up to 4 percent in August; 1,500 jobs lost

MN jobless rate ticks up to 4 percent in August; 1,500 jobs lost

Minnesota's jobless rate rose to 4 percent in August as employers cut 1,500 jobs, state officials said Thursday. It was the first time in more than two years that Minnesota's rate touched 4 percent.
by MPR News Staff

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Minnesotans' incomes bouncing back, census data show

Minnesotans' incomes bouncing back, census data show

Wages across Minnesota are finally showing signs of recovering from the Great Recession. Census data show increases in median household income last year across most demographic groups, although racial disparities persist.
by Jon Collins

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How to ask for a raise, effectively

New research on women in the workplace asserts both men and women ask for raises, but men are more often given raises.
by MPR News Staff

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Employees are paying a bigger chunk of health insurance costs

Employees are paying a bigger chunk of health insurance costs

Bosses are passing more of the cost of health insurance on to workers in an effort to keep spending under control. But that can be unfair to lower-income employees, who pay disproportionately more.
by Alison Kodjak

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Wells Fargo unit's leader departs with $125 million after bank incurs record fine

Wells Fargo unit's leader departs with $125 million after bank incurs record fine

The bank recently was fined $185 million and fired 5,300 employees for unethical behavior. Each year mentioned in a federal agency's consent order, Carrie Tolstedt collected $5.5 million in stock.

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Chemical giant Bayer agrees to buy Monsanto for $66 billion

Chemical giant Bayer agrees to buy Monsanto for $66 billion

The deal will create the world's largest supplier of seeds and agricultural chemicals, if it survives scrutiny by regulators. It's part of a wave of agribusiness consolidations.

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