Business and Economic News

April 8, 2016 1:16 PM

Cost of mailing a letter drops to 47 cents beginning Sunday

The reduction is the result of an expiring surcharge that had been put in place in January 2014 to help the beleaguered Postal Service recoup $4.6 billion in losses dating back to the Great Recession.

by The Associated Press

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April 8, 2016 10:24 AM

Good news for procrastinators: 3 extra days to file taxes

This is all because of an overlap of federal and state holidays with the usual April 15 IRS deadline.

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April 8, 2016 10:00 AM

Filling the void: Expo aims to help black women in business

On Saturday, 1,000 women are expected to converge on the Jimmy Lee Recreation Center in St. Paul for the free event centered on economic empowerment and financial stability.

by Emma Sapong

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April 7, 2016 2:16 PM

Archdiocese bankruptcy judge OKs sale of Twin Cities chancery

The sale of the archdiocese headquarters and archbishop's residence on Summit Avenue brings total church property sales to more than $8 million.

by Martin Moylan

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April 6, 2016 5:48 PM

Bankrupt archdiocese gets new, higher bid for chancery

A private firm has bid nearly $3.3 million to buy the chancery of the bankrupt Archdiocese of St. Paul and Minneapolis, offering about $500,000 more than a previous offer from United Properties.

by Martin Moylan

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April 6, 2016 2:42 PM

MnSCU faculty union votes to seek ouster of St. Cloud State president

The statewide faculty union for the Minnesota State Colleges and Universities system voted Saturday to work to remove St. Cloud State University President Earl Potter.

by Peter Cox

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April 6, 2016 12:15 PM

Dayton slams 'untrustworthy' Essar Steel over missed state payment

Gov. Mark Dayton said Wednesday he's very concerned about Essar Steel Minnesota after the company didn't deliver on a promised $10 million payment to the state.

by Tim Pugmire

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April 6, 2016 6:56 AM

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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April 5, 2016 8:14 AM

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