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Business and Economic News

Target board approves new $5 billion buyback

Target board approves new $5 billion buyback

Target said that it will start purchasing shares under the new buyback once it completes its current $10 billion repurchase program.
by Associated Press

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Mylan CEO claims EpiPens aren't as profitable as everyone thinks

Mylan CEO claims EpiPens aren't as profitable as everyone thinks

"Price and access exist in a balance, and we believe we have struck that balance," Mylan CEO Heather Bresch said, defending the cost for life-saving EpiPens, signaling the company has no plans to lower prices.
by Alison Kodjak

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Wells Fargo revelations remind us that big banks aren't 'fixed'

Wells Fargo revelations remind us that big banks aren't 'fixed'

Three personal finance and banking experts reflected on the notion that big banks are still running amok with our money and our trust.
by MPR News Staff

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How would $15 minimum wage affect workers?

A conservative center sponsored a debate in Minneapolis on Tuesday focused on that question.
by Tim Nelson

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Agribusiness hopes shrimp is Minnesota's newest crop

Agribusiness hopes shrimp is Minnesota's newest crop

A southwest Minnesota agribusiness sees an opportunity to satisfy American consumers' craving for shrimp by growing the critters on the prairie, in basins filled with salty water.
by Mark Steil

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'You should resign': Sen. Elizabeth Warren grills Wells Fargo CEO John Stumpf

'You should resign': Sen. Elizabeth Warren grills Wells Fargo CEO John Stumpf

"If one of your tellers took a handful of $20 bills out of the cash drawer, they'd probably be looking at criminal charges," Warren tells the bank's CEO.

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Wells Fargo CEO discusses secret-accounts scandal in Senate hearing

Wells Fargo CEO discusses secret-accounts scandal in Senate hearing

CEO John Stumpf apologized for betraying customers' trust in a hearing by the Senate Banking Committee to answer questions about Wells Fargo employees opening unauthorized customer accounts.
by Doreen McCallister

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Allina says more striking nurses returning to work

Allina says more striking nurses returning to work

Allina Health says 502 union-represented nurses have asked to be scheduled for regular shifts. More than 4,000 nurses have been off the job since Labor Day in a dispute over health insurance.
by Martin Moylan

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Bass tournament on Mille Lacs Lake gives tourism a boost

Bass tournament on Mille Lacs Lake gives tourism a boost

A $1 million purse is up for grabs this weekend as Mille Lacs Lake hosts the Toyota Bassmaster Angler of the Year Championship, a tournament that's expected to give a badly needed $3 million boost to the local tourism economy.
by Associated Press

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U.S. Bank plays Minnesota nice while Wells Fargo struggles

The bank says it'll leave customers to decide where to take their business as Wells Fargo's business practices come under scrutiny.
by Martin Moylan

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