Business and Economic News

Magnetation Bovey layoffs start Jan. 18
CEO Larry Lehtinen says there's no way to predict how long the layoffs will last.
MN beekeeper: Feds must tighten rules on insecticide-coated seeds
A federal lawsuit filed today seeks to force the EPA to label the seeds as a pesticide. The change would curb use of the pesticides that beekeepers say are inadvertently killing their colonies.
Taxi drivers oppose MSP airport proposal on Uber, Lyft: What's at stake
The drivers are concerned a new ordinance being considered by the Metropolitan Airports Commission would undercut their business and give Uber and Lyft drivers an unfair advantage.
Investment firm to acquire Mills Fleet Farm
KKR, one of the country's largest investment firms based in New York, has holdings in various industries totaling about $100 billion.
The Sam's Choice Black Angus Vidalia Onion items were produced between Nov. 19 and Dec. 9. Customers who bought the product should throw it away or return it to where they bought it.
Archdiocese has buyers, bidders for multiple properties
If the bankruptcy court approves, the Minnesota Historical Society will pay $4.5 million for the three-story Hayden Center.
Stocks sink on first day of 2016 on China, Mideast worries
"The market is trying to anticipate the global growth story," said Kevin Kelly, CIO of Recon Capital Partners. He added, "It's going to be a turbulent year. This isn't a blip."
7 percent drop closes Chinese stock markets early
Among the factors blamed for China's drop: poor economic data and a looming rules change for large investors. Markets in Europe and the U.S. also were down.