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Business and Economic News

Pfizer, Allergan call off their $150 billion merger

Pfizer, Allergan call off their $150 billion merger

Pfizer announced that the planned merger between the two pharmaceutical companies has been terminated because of a recent change in U.S. tax rules.

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Minneapolis Fed chief: U.S. needs to guard against failure of giant banks

Minneapolis Fed chief: U.S. needs to guard against failure of giant banks

Minneapolis Federal Reserve President Neel Kashkari believes more should be done to protect the country should megabanks fail. But there's no consensus on what to do or even that banks are too big.
by Martin Moylan

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Here's what you need to know (so far) about 'Panama Papers'

Here's what you need to know (so far) about 'Panama Papers'

Who leaked the papers? Are the schemes uncovered illegal? We answer some pressing questions about the huge document leak.

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Mille Lacs businesses want state help to woo non-anglers

Mille Lacs businesses want state help to woo non-anglers

Representatives from Mille Lacs Lake made their case to lawmakers Monday for state aid to help advertise the region's state parks, trails and other recreation amid a major drop-off in the lake's walleye population
by Kyle Potter, Associated Press

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Brothers close grocer after 55 years, continue meat raffle

Brothers close grocer after 55 years, continue meat raffle

Despite closing Fedor's Market, it's mostly business as usual for Paul and Gordy Fedor, who are staying busy cutting and packaging meat for raffles across the Twin Cities.
by The Associated Press

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Businesses should embrace wacky ideas, says the St. Paul Saints' Mike Veeck

Businesses should embrace wacky ideas, says the St. Paul Saints' Mike Veeck

In his new book "Another Boring, Derivative, Piece of Crap Business Book," St. Paul Saints owner Mike Veeck argues that to succeed, businesses should have a laugh.

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Mpls. Federal Reserve President wants to shrink mega-banks

Mpls. Federal Reserve President wants to shrink mega-banks

Federal Reserve Bank of Minneapolis President Neel Kashkari said his peers have offered mixed reactions to his concerns that some banks remain too big to fail.

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As Nye's nears last call, patrons come to sing its praises

As Nye's nears last call, patrons come to sing its praises

After more than 60 years as a cultural landmark, an establishment that was all about singing and drinking is closing its doors.
by Marianne Combs

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