Business and Economic News

HCMC braces workers for some layoffs in 2017
A Hennepin County Medical Center spokesperson said it's too early to know how many jobs will be lost or what departments will be affected. More details are expected next month.
U.S. consumers should feel muted impact from rising oil price
OPEC's decision to cut production gave an immediate boost to oil prices, but the impact on consumers and the U.S. economy is likely to be more modest and gradual.
Wanted: Workers to fill Rochester's growing labor shortage
Rochester-area businesses are competing now for skilled trade and service workers and must find 30,000 more in the next 20 years. One observer says Rochester will need to attract workers by essentially outbidding other cities.
The middle-aged men missing from America's workforce
Why are men of "prime age" missing from the workforce? And what does it mean for the economy?
An ethical dilemma: Commercializing marijuana
Marijuana sales are expected to hit $23 billion by 2020, according to USA Today. But how much do state governments make from marijuana revenue? And how should business opportunities balance with ethical or philosophical objections to legalizing marijuana?
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.
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.
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.
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.