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Business and Economic News

More jobs, cheaper gas and rising stocks help the economy look up

More jobs, cheaper gas and rising stocks help the economy look up

The U.S. economy turned up encouraging signs for most Americans. Workers can now find more jobs, and drive to them using cheaper gas. And retirement accounts are getting a boost from rising stocks.
by Marilyn Geewax

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Run aground by regulators, Duluth 'saltie' just wants to go home

Run aground by regulators, Duluth 'saltie' just wants to go home

Authorities won't let the ocean-going ship Cornelia leave Duluth harbor until past questions of environmental violations are answered. The ship's been stuck for weeks, and winter is coming.
by Dan Kraker

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Dayton: Essar Steel pays vendors, meets state loan demands

Dayton: Essar Steel pays vendors, meets state loan demands

Essar Steel is paying its bills again and seeking new capital, so the Dayton Administration is pulling back on its threat to force Essar to immediately repay a $66 million state loan.
by MPR News Staff

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U.S. added 211K jobs in Nov., jobless rate steady at 5 percent

Describing November's gains, the Labor Department saw growth "in construction, professional and technical services, and health care. Mining and information lost jobs."

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Crystal Sugar CEO blasts anti-GMO movement, Texas Sen. Cruz

Crystal Sugar CEO blasts anti-GMO movement, Texas Sen. Cruz

American Crystal Sugar Co. CEO David Berg says the company can weather the decision by Hershey Co. to buy only non-GMO cane sugar, but he is worried that more companies will follow suit.
by The Associated Press

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Intelligence Squared debate: Can central banks print prosperity?

Intelligence Squared debate: Can central banks print prosperity?

Around the world, central banks like the U.S. Federal Reserve adopt policies they hope will improve their economies in the short term, but will sustained economic growth result?

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Tough times, overfishing shake Superior's herring fleet

Tough times, overfishing shake Superior's herring fleet

Lake Superior herring numbers are plummeting, putting the lake's small but iconic commercial fishery in jeopardy. Overfishing is a problem. New research suggests climate change could also be partly to blame.
by Dan Kraker

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Minnesota cuts royalty rates for taconite producers

Wednesday's decision will cost the state an estimated $890,000 that would have come in between this April and next June, according to a Department of Natural Resources estimate.
by The Associated Press

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