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Business and Economic News

Carlson sells hotel empire to Chinese conglomerate

Carlson sells hotel empire to Chinese conglomerate

Minnetonka-based Carlson Companies said Wednesday it is selling its iconic worldwide hotel operations to HNA Tourism Group Co., Ltd. -- a stunning turn for one of the Twin Cities' legendary corporate giants.
by Peter Cox

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Fed keeps key rate unchanged; no hint on timing of next hike

In a statement after its latest policy meeting, the Fed noted that the United States is enjoying solid job gains but also that "economic activity appears to have slowed."
by The Associated Press

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How to talk to your aging parents about money

How to talk to your aging parents about money

The best financial planning starts early. Being left with unanswered questions and unknown finances when a parent falls ill or dies can complicate an already painful experience.
by MPR News Staff

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How to not run out of money in retirement

How to not run out of money in retirement

You've saved up enough to quit working. Congrats! But here's a new puzzle: Figuring out how to enjoy retirement without blowing your savings too soon, when you don't know if you'll live 5 or 25 years.
by Chris Arnold

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Chris Farrell and Louis Johnston's economic views

Chris Farrell and Louis Johnston's economic views

Economists Louis Johnston and Chris Farrell team up to discuss the state of the economy, in an event moderated by longtime MPR host Gary Eichten. Farrell and Johnston say the economy is basically healthy and going in the right direction, but the "distribution of well-being" isn't very good.

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St. Paul hotel and restaurant businessman Bill Morrissey dies

Bill Morrissey, 61, died on Monday. His company, Morrissey Hospitality, ran the St. Paul Hotel and several other Twin Cities hotels and restaurants.
by Peter Cox

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Cray pulling up St. Paul stakes for Mall of America

Ending weeks of speculation, Cray Inc. said Tuesday it will move its St. Paul offices along with some 350 employees into a newly built office complex at the Mall of America.
by MPR News Staff

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Can politicians really bring jobs "back" to the U.S.?

Candidates for president talk a lot about job creation -- and blame each other for job loses. But many factors are beyond the reach of government. Two experts explain how jobs are gained and lost in the modern economy.
by MPR News Staff

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