Business and Economic News

Low prices force some farms to their knees financially
Milk, like corn and soybeans, has been fetching less money than it costs to produce for most of the last two years. And the USDA forecast a record grain harvest this year, suggesting there's no end in sight to ongoing financial pain for farmers.
More airline outages seen as carriers deal with aging technology
Airlines have spent heavily to introduce new features such as automated check-in kiosks, real-time luggage tracking and slick mobile apps. But they have avoided the steep cost of rebuilding their reservations systems from the ground up.
Cliffs breaks new ground on the Iron Range
Cliffs' $65 million investment at United Taconite will enable the company to produce a specialty iron ore pellet to feed North America's largest steel blast furnace.
The importance of mobile homes as affordable housing
Ten mobile home parks in the region have closed in the past 25 years, but no new parks have opened, according to a Met Council report. These parks represent an important source of affordable housing, and their closures disproportionately affect residents of color.
Delta computer outage included 'small fire' at data center
Delta's problems started when a piece of electrical component failed at its headquarters. But the initial failure also caused a fire, the details of which are being kept under wraps.
Fate of Minnesota Macy's stores is anyone's guess
Amid a downturn in sales and earnings, Macy's said it will close 100 stores, but isn't yet revealing which ones.
Fines for meat industry's safety problems are 'embarrassingly low'
Slaughterhouses, while safer than decades ago, are some of the country's most hazardous workplaces. They are fined by the government for safety violations, but those fines may not be big enough.
Granny pods find lukewarm reception in Minnesota cities
Two University of Minnesota graduates are making portable housing units for the elderly. But despite the housing's impending legal status, some cities are moving to ban them.