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Developers propose hundreds of apartments units in Minneapolis

The apartment boom in Minneapolis continues with a slew of multifamily projects being proposed to city planners this week. One of the most high-profile projects is the redevelopment of about 6 acres of land that Doran Cos. and CSM Corp. are proposing near its Expo skyscraper in the St. Anthony Falls Historic District....

 

State terminates Tom Clarke's mineral lease for former Magnetation site in Grand Rapids

Just days after Minnesota granted Virginia billionaire Tom Clarke the mineral lease rights for a $2 billion mining project in Nashwauk, it terminated the mineral lease rights regarding one of Clarke's sister projects in the Grand Rapids area. The reason? Unpaid debt. http://www.startribune.com/state...

 

Chevron told to pay $9.5 billion judgment to indigenous communities

The highest court in Ecuador has upheld a $9.5 billion judgment against energy giant Chevron for polluting indigenous communities. The plaintiffs in the long-running case declared victory after the ruling on Tuesday. But there is little chance they will be able to collect any money, since Chevron has refused to pay,...

 

As students hit borrowing limits, parents take on more loan debt

It is a sign of the times: A new game show, “Paid Off,” debuted Tuesday offering winners not dream vacations or new cars, but a pile of cash to help lessen the crushing weight of their student debt. The reach of America’s student loan problem — total debt is now about $1.4 trillion — is vast. Millions of...

 

Medtronic insulin pumps show promise for reducing hospitalizations

Patients who used Medtronic insulin pumps to treat their diabetes went to the hospital 27 percent fewer times over the course of a year compared to diabetics who used multiple daily injections to manage their blood-sugar levels, an analysis of UnitedHealthcare insurance members has found. The analysis, funded and run...

 

Hy-Vee Announces Partnerships with National Online Grocery Delivery Services

WEST DES MOINES, Iowa (July 10, 2018) — Hy-Vee, Inc. announced today that it will partner with two national online grocery delivery services, Instacart and Shipt, to expand Hy-Vee’s delivery footprint and provide new and convenient shopping options to Hy-Vee customers in more than two dozen markets. “Hy-Vee is ex...

 

Three Minnesota health plans face combined hit of $71.7 million

A federal government decision to freeze "risk adjustment" payments under the federal Affordable Care Act is threatening more than $70 million in funding expected by Minnesota health insurers while also raising questions about the potential impact on premiums next year. On Saturday, the federal Centers for Medicare and...

 

Boating industry says it will take a hit from tariffs

U.S. boat sales were at record levels last year, but watercraft manufacturers hit a speed bump this month when new U.S. trade tariffs went into effect for aluminum and steel imports. Europe, Canada and Mexico have retaliated with new taxes of their own on a host of U.S. made goods including metals, bourbon, soybeans...

 

Payday lending enterprise head sentenced to 15 years

PHILADELPHIA - The head of a multimillion-dollar payday lending enterprise accused of evading state regulations by using Native American tribes and a bank as fronts has been sentenced to 14 years in prison and ordered to forfeit $64 million in assets. Charles Hallinan, 77, of Villanova was sentenced Friday on November...

 

Connelly: Swinomish tribe sues 'Big Pharma' for pushing opioids

The Swinomish Indian Tribal Community is suing Purdue Pharmaceutical and other manufacturers of opioid drugs, charging that false and deceptive marketing has fueled an epidemic of addiction with Native Americans among its primary victims. The tribe's suit in U.S. District court follows on the heels of lawsuits by the...

 

Polaris completes $805 million purchase of pontoon maker

Polaris Industries Inc. has completed its largest acquisition ever, closing on the $805 million deal for pontoon maker Boat Holdings LLC. The move puts Polaris back into the water-sports business, albeit with a much-calmer product line than the jet-propelled water scooters the company stopped making 14 years ago....

 

Is Walmart.com really that much cheaper than Target.com?

The online research team for Clark Howard, the financial guru of radio, recently compared Target and Walmart's online prices. They chose 30 branded items, including laundry detergent, dryer sheets, toilet paper, deodorant, shampoo, toothpaste, rechargeable toothbrushes, household cleaners, energy bars, ground coffee,...

 

Unfilled jobs have U.S. employers vying to hire foreign laborers

Ronda Fox finally got the news last week, three months into planting season: The federal government approved her application to employ more than a dozen temporary foreign workers for her family-owned landscaping business in Aurora, Colo. She had hoped to have her crew in place by April 1, but had initially lost out in...

 

Enbridge: On track to put new crude oil pipeline into service next year in northern Minnesota

MINNEAPOLIS — Fresh off approval by Minnesota regulators, officials with Enbridge Energy said Friday they’re on track to finish construction and put the company’s disputed Line 3 replacement crude oil pipeline into service in the second half of next year, assuming all goes well for them. The Minnesota Public...

 

Lawsuit alleges Hormel, other companies, illegally inflated pork prices

A proposed class-action lawsuit filed in Minnesota Thursday alleges the nation’s largest pork companies broke antitrust laws by colluding to artificially inflate consumer pork prices. The lawsuit, submitted in the U.S. District Court of Minnesota, is brought against Austin-based Hormel Foods Corp. and eight other...

 

BP: Enbridge offers alternative route options across northern Minnesota

ST. PAUL—Enbridge Energy officials said they were open to alternative routes for the company's proposed oil pipeline through Minnesota during the fourth day of hearings with the state Public Utilities Commission in St. Paul on Wednesday. As recently as Tuesday, the Calgary-based company refused to consider any...

 

Sales growth accelerates at General Mills; execs seek balance in new fiscal year

After a disappointing winter, General Mills righted the ship this spring with better-than-expected profit and a third consecutive quarter of sales growth. The Golden Valley-based company closed the book Wednesday on another turbulent year — the new norm for packaged-food companies — as it strives to balance sales...

 

PUC reconvenes Tuesday on the fate of controversial Enbridge pipeline

As utility regulators reconvene Tuesday to determine the fate of Enbridge's controversial oil-pipeline proposal, the parties are still at work making their cases. Ads and opinion pieces ran in newspapers, and Enbridge announced more details about its recent deal-sweetening commitments. http://www.st...

 

Corporate America increasingly avoids gun-industry business

GAINESVILLE, Ga. — With Gary Ramey's fledgling gun-making business taking off in retail stores, he decided to start offering one of his handguns for sale on his website. That didn't sit well with the company he used to process payments, and they informed him they were dropping his account. Another credit card...

 

Bill Spurs Buzz on Banking Services to Marijuana Businesses

Federal efforts to reduce the restrictions placed on cannabis businesses that operate legally under state law are picking up, with new legislation proposed and indications from the administration that it will let states take the lead with regard to enforcement. The bipartisan legislation would amend the Controlled...

 

Minnesota's soybean sales could take big hit if China tariffs proceed

President Donald Trump touts his trade policy as long-overdue action to help America’s workers and industries, but some economists warn that tariffs he has placed or is threatening to place on China and Chinese retaliation to them could actually bolster other countries at the expense of the U.S. Nowhere is that more...

 

Target, Best Buy laud Supreme Court decision allowing states to collect taxes from online retailers

Minnesota's biggest retailers heralded the U.S. Supreme Court's decision on Thursday to clear the way for states to require companies such as Amazon and Wayfair to collect sales tax. Brick-and-mortar businesses, including Target Corp. and Best Buy Co. Inc., have long complained that they are disadvantaged by having to...

 

DEED Approves Job Creation Funding for Five Businesses

ST. PAUL – The Minnesota Department of Employment and Economic Development (DEED) approved grants totaling nearly $706,000 to support five business expansion projects in Greater Minnesota. Grants from the Job Creation Fund were approved for projects in Glenwood, Stewartville, Albert Lea, Monticello and Zimmerman. Fou...

 

New Program Offers Interest-Free Loans for Startups

The Minnesota Department of Employment and Economic Development (DEED) is now accepting loan applications through a new program designed to help early-stage businesses that are developing high-tech products or services in Minnesota. MILE, a pilot program, will provide interest-free loans ranging from $20,000 to...

 

Laid off journalists create their own Colorado news outlet

They left the Denver Post amid newsroom layoffs and interference in the editorial process by the newspaper’s hedge-fund owners. And now those reporters and editors are creating their own news outlet, the Colorado Sun. They will be partnering with the Civil Media Co., an ambitious New York startup that aims to use...

 

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