Business and Economic News

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.
Carrier, Trump reach deal to keep manufacturing jobs in U.S.
Roughly half of the jobs originally slated to move to Mexico will stay at the air-conditioning company's Indianapolis plant. Trump made the company's decision a major campaign talking point.
Trump says he's leaving businesses to avoid conflicts
"I will be leaving my great business in total in order to fully focus on running the country in order to make America great again," the President-elect tweeted in a series of missives sent before dawn.
Mpls. startup wants to simplify health insurance
It may not seem like a good time to get into the health insurance business, but a new Minneapolis startup called Bright Health is doing just that.
A corporate accountant in New York admitted Monday to stealing at least $3.1 million from agribusiness giant Cargill, Inc., and causing $25 million in losses to the privately held company's grain shipping operations.
Pioneer Press reporter Dave Orrick talked about the future of the paper in light major job cuts and the prospect of more.
Health insurance premium spikes dramatically boost subsidies
MNsure officials said more people are qualifying for health plan subsidies and the subsidy amounts have jumped dramatically because of huge spikes in premium costs.
Minnesota-based Gold'n Plump sold to Pilgrim's Pride
Pilgrim's Pride will pay about $350 million for St. Cloud-based GNP Company, which includes the Gold'n Plump and Just BARE labels.