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Business and Economic News

In 9 out of 10 cities, middle-income families are slipping away

In 9 out of 10 cities, middle-income families are slipping away

A new study by the Pew Research Center shows the share of middle-income households is shrinking. That's because more households are moving into the upper class, while others are sinking lower.
by Marilyn Geewax

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MN-based Arctic Cat reports $16.9M loss in fourth quarter

Arctic Cat Inc. on Thursday reported a loss of $16.9 million in its fiscal fourth quarter. The Plymouth, Minnesota-based company said it had a loss of $1.30 per share.
by Associated Press

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Light rail cash in limbo as Minnesota lawmakers talk transit

Light rail cash in limbo as Minnesota lawmakers talk transit

State lawmakers will soon decide whether the Southwest Corridor light rail project remains on track as they negotiate a larger transportation funding bill. Some $900 million in federal funding hangs in the balance.
by Tim Pugmire

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St. Paul City Council officially backs racial equity plan

The St. Paul City Council officially committed on Wednesday to a five-point plan to improve racial equity in the Twin Cities, proposed by a group of black leaders around the state.
by Tim Nelson

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Social Security mistakenly declares Minnesota man dead

Social Security mistakenly declares Minnesota man dead

A Roseville grocery produce stocker received help from KARE 11 after he got notice of his own death and was unable to correct the mistake.
by Associated Press

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Bee colony losses up from last year, study says

Bee colony losses up from last year, study says

Bee colony losses were 3.5 percent higher than the previous year, according to an annual survey done by the Bee Informed Partnership.
by Dan Gunderson

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Why many Midwestern farmers are pro-TPP

Why many Midwestern farmers are pro-TPP

A coalition of more than 200 agriculture groups wrote an open letter urging Congress to approve the trade deal, saying it'll help U.S. farmers stay competitive in an increasingly crowded world market.
by Kristofor Husted

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U.S. Bank Stadium's next milestone: artificial turf

U.S. Bank Stadium's next milestone: artificial turf

The new playing field will be a long way from the carpet in the old Metrodome.
by Tim Nelson

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This Seattle chef is embracing a higher minimum wage

This Seattle chef is embracing a higher minimum wage

Smaller companies have until 2021 to comply with a new $15 an hour minimum wage, but some entrepreneurs are embracing the call for a higher minimum wage ahead of schedule. One of them is Renee Erickson, a Seattle chef.

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U.S. economy gained 160K jobs in April; unemployment rate holds steady

U.S. economy gained 160K jobs in April; unemployment rate holds steady

Analysts had expected the economy to gain significantly more jobs. The economy has gained an average of about 250,000 jobs monthly for the past six months.

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