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Business and Economic News

Duluth tourism boom continues

Duluth tourism boom continues

Duluth's newest waterfront resort opens today, the latest sign that visitors are flocking to the city. "They might not be going overseas or traveling to the Caribbean, but they'll still come to Duluth," a developer said.
by Dan Kraker

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With payday loans burying borrowers, community tries alternatives

With payday loans burying borrowers, community tries alternatives

Some experts say there are better, cheaper alternatives for getting small dollar loans than payday loans, which are often cash sources of the last resort.
by Yuki Noguchi

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Allina nurse strike: What you need to know

Allina nurse strike: What you need to know

Here's what's at stake for nurses, the hospitals and patients.
by Lorna Benson

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Job market increasingly favors workers

Job market increasingly favors workers

As wages rise and competition increases for some workers, employers struggle to find people.
by Martin Moylan

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Nicollet Mall ready for disruptive, $50M makeover

Nicollet Mall ready for disruptive, $50M makeover

Leaders kicked off construction of the mall's new design on Wednesday. The 12-block project will update sidewalks and streetlights, as well as add trees, a place for art and an LED light display.
by Tim Nelson

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Fed leaves rates unchanged; no hint on timing of next hike

Fed leaves rates unchanged; no hint on timing of next hike

The Federal Reserve is keeping interest rates unchanged in light of an uncertain job market and offering no hints of when its next rate hike might occur.
by Associated Press

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Twin Cities airport security workers: We need more help

Twin Cities airport security workers: We need more help

Dozens of union members rallied at the Minneapolis-St. Paul International Airport Tuesday, calling for their employer to hire more transportation security officers here and across the country.
by Tim Nelson

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Iron Range agency approves $36M subsidy for wood siding plant

State lawmakers negotiating a deal with the "mystery" company had signed a non-disclosure agreement with Louisiana Pacific.
by Dan Kraker

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Microsoft to buy LinkedIn for $26.2 billion in cash

Microsoft to buy LinkedIn for $26.2 billion in cash

The per-share price of $196 equals $26.2 billion -- or to put it in terms runners will understand, roughly $1 billion for each mile of a marathon.
by Alina Selyukh

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