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Business and Economic News

Here's why Chobani gave employees a stake in the company

Here's why Chobani gave employees a stake in the company

It's been a good week for employees of Chobani. They learned that they could eventually own about 10 percent of the rapidly expanding Greek yogurt company.
by Yuki Noguchi

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Range rebound? Cliffs reiterates plan to reopen two mines this year

Range rebound? Cliffs reiterates plan to reopen two mines this year

Officials with Cleveland-based Cliffs Natural Resources restated their intention to reopen Northshore Mining in Babbitt and Silver Bay next month in a conference call with investors Thursday morning. They also said United Taconite in Eveleth and Forbes will likely restart in the fourth quarter this year.
by Dan Kraker

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Abbott to buy St. Jude Medical for $25 billion

Abbott to buy St. Jude Medical for $25 billion

Abbott says St. Jude's devices for heart failure, blockages and abnormal heart rhythm complement its range of heart products.
by Martin Moylan and Reuters

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TSA manager says he was told to profile Somalis at Twin Cities airport

TSA manager says he was told to profile Somalis at Twin Cities airport

A senior manager for the Transportation Security Administration at the Minneapolis-St. Paul International Airport said his supervisors asked him to profile Somali imams and other Somali community members in Minnesota.
by Laura Yuen and Mukhtar M. Ibrahim

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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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