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  • Shakopee Mdewakanton Sioux Community to open first LaunchPad Golf location in United States

    Mar 19, 2024

    Prior Lake, Minn. – The Shakopee Mdewakanton Sioux Community (SMSC) today announced it has partnered with LaunchPad Golf to open the company's first location in the United States. The new facility will be next to Mystic Lake Casino Hotel in Prior Lake. The two-story, 25,000-square-foot facility will include a 160,000-square-foot driving range with award-winning technology, 40 heated golf suites, two bars and a full-service restaurant. The facility will be able to serve more than 500 people. Co...

  • Dollar Tree, Family Dollar plan to close 1,000 stores

    Mar 14, 2024

    Dollar Tree plans to shutter nearly 1,000 Family Dollar stores as the discount retailer moves to revamp its business by expanding its food aisles and array of merchandise in the $3 to $5 range. The chain announced the move Wednesday, coming after it missed quarterly sales and profit targets amid heightened competition from such rivals as Dollar General and Temu for discretionary dollars. The change also reflects inflation-weary shoppers' continued focus on necessities; though consumer prices...

  • Biden is coming out in opposition to plans to sell US Steel to a Japanese company

    Mar 14, 2024

    WASHINGTON ? President Joe Biden is coming out in opposition to the planned sale of U.S. Steel to Nippon Steel of Japan, saying in a statement to be released Thursday that the U.S. needs to "maintain strong American steel companies powered by American steel workers.'' In a statement obtained in advance by The Associated Press, Biden adds: ''U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is...

  • Minnesota GOP bill would prevent municipalities from banning gas stoves, heating

    Mar 14, 2024

    A nationwide debate over the safety of gas stoves is now entering Minnesota politics. Republican state lawmakers are angling to protect gas as an option for home heating and cooking by preventing local governments from banning it. It's an idea that has drawn support from homebuilders and also reflects concern among conservatives of a local or federal crackdown on gas appliances and stoves from climate-conscious Democrats. The DFL may broadly favor carbon-free energy, but two bills preserving...

  • Minnesota regulators announce plan to crack down on illegal cannabis sales

    Mar 13, 2024

    Minnesota regulators announced Tuesday they will be cracking down on retailers who sell illegal cannabis flower ahead of the launch of the state's recreational marijuana market. The Office of Cannabis Management has received some complaints about retailers who are selling illegal cannabis flower under the label of less-potent hemp. State health inspectors who have been monitoring the sale of hemp-derived edible products will now start examining raw flower to verify that it's hemp and not...

  • Target cuts dozens of jobs in marketing

    Mar 13, 2024

    Target Corp. cut dozens of marketing positions this week. A spokeswoman for the Minneapolis-based retailer declined to share the number of jobs eliminated, but said the reductions amount to 0.3% of its corporate workforce. Target has about 7,100 corporate employees who work in downtown Minneapolis, as well as thousands more who work at the campus in Brooklyn Park. In addition, it has other corporate employees around the U.S. and in India. https://www.startribune.com/target-cu...

  • How Big Pharma is fighting Biden's program to lower seniors' drug costs

    Mar 12, 2024

    TRENTON, N.J. - Pharmaceutical giants are mounting a vigorous legal battle against President Biden's plan to lower seniors' prescription drug costs, urging federal judges here and around the country to invalidate a new program that aims to reduce the price of medications for high blood pressure, heart disease, cancer and diabetes. In a flurry of lawsuits, these drugmakers have blasted the government initiative as unconstitutional, defended their pricing practices and warned that regulation...

  • India signs a trade accord with 4 European nations for $100 billion investment over 15 years

    Mar 11, 2024

    NEW DELHI - India signed a trade agreement with Iceland, Liechtenstein, Norway and Switzerland on Sunday that includes a commitment of $100 billion investment and creating 1 million direct jobs in India in the next 15 years, officials said. India on its part committed to reducing import tariffs on industrial products from the four European countries that comprise the European Free Trade Association, or EFTA. "The landmark agreement between India and EFTA is set to bring significant economic...

  • Native borrowers pay more interest on home purchases than white borrowers, federal study says

    Mar 11, 2024

    BEMIDJI, Minn. - New research released by the Center for Indian Country Development at the Federal Reserve Bank of Minneapolis finds Native Americans pay more to finance home purchases than white borrowers. The report blames a disproportionately broad use of home-only loans on reservations. "Those are personal property loans used to purchase manufactured homes," said CICD senior economist Matt Gregg. "So, it's the composition of the loan products that are driving the higher prices paid by...

  • Minnesota may open some of the first government-run cannabis dispensaries in the US

    Mar 11, 2024

    Minnesota could become the first state in nine years to open cannabis dispensaries that are run by cities and counties. That's because of one line in the state's new cannabis laws that allow for cities and counties to "establish, own and operate a municipal cannabis store." The law appears to be the first of its kind in the country and has prompted cities to research whether they want to open their own dispensaries. But there's only one city that's been successful with running a cannabis store....

  • Medical providers say UnitedHealth cyberattack fallout 'a mess' that threatens their financial health

    Mar 7, 2024

    Minnesota health care providers are sounding alarms over their ongoing difficulty billing health insurers as a result of last month's cyberattack on a subsidiary of Minnetonka-based UnitedHealth Group. While there's typically a several-week lag for submitted claims to be paid, hospitals and clinics say they may soon face a cash crunch because of the billing mess. This could make covering payroll and supply costs challenging and take months to clean-up and sort. UnitedHealth Group says it's...

  • U.S. caps credit card late charges in new Biden crackdown on junk fees

    Mar 6, 2024

    The U.S. government announced Tuesday it would sharply limit the fees that credit card companies can charge customers who fall behind on their bills, aiming to cap the penalties at $8 in a move that immediately drew fierce resistance from financial giants. The rules arrived as part of a suite of fresh federal efforts to promote competition and crack down on unfair or illegal pricing across the economy, which President Biden has blasted as one of the primary sources of rising costs facing...

  • Delta Air Lines raises fees for checked bags

    Mar 6, 2024

    Delta Air Lines is hiking its fees for checked bags by $5, following similar moves by other airlines. The dominant airline at Minneapolis-St. Paul International Airport said for tickets purchased starting Tuesday, March 5, its fee for a first checked bag will increase to $35, from $30 previously. Its fee for a second checked bag will increase to $45, from $40 previously. The higher fees apply to Delta passengers taking U.S. domestic flights and many flights to the Caribbean and Central America....

  • Mille Lacs Band building large cannabis growing facility on tribal land

    Mar 5, 2024

    A company owned by the Mille Lacs Band of Ojibwe is building a 50,000-square-foot cannabis cultivation facility behind Grand Casino Mille Lacs in Onamia, Minn. Mille Lacs Corporate Ventures (MLCV) announced last week construction has already begun and should be completed by fall. "Profits generated from this endeavor will be reinvested into the Mille Lacs Band of Ojibwe to support essential government programs and services for its members," MLCV said in a news release. "Furthermore, it presents...

  • 4,000 janitors went on strike Monday, and about 1,000 nursing home workers plan the same on Tuesday

    Mar 5, 2024

    The new economics of downtown real estate and the reality of inflation's effects on lower-income workers collided Monday, with more than 4,000 janitors who clean Twin Cities office buildings walking off the job on Monday. The janitorial workers, waving signs and chanting "We are the union" and "Shut it down," picketed throughout the day Monday in front of several downtown Minneapolis buildings, including Ameriprise Financial, IDS Center, Hennepin County Government Center and the Minneapolis...

  • Thousands of millionaires haven't filed tax returns for years, IRS says

    Mar 4, 2024

    Thousands of high-income earners have not filed tax returns for several years, but the cash-strapped Internal Revenue Service did nothing to get them to pay what they owe. That is now changing, the tax agency announced Thursday. The IRS will send notices to thousands of people who made more than $400,000 and did not file returns in at least one year from 2017 to 2022, the first step to collecting any tax owed. About 25,000 cases involve people whose income is known to the agency to be above $1...

  • More layoffs coming to Best Buy after two years of declining sales that continued into holidays

    Mar 1, 2024

    While Best Buy executives see the consumer electronics market beginning to stabilize after two years of sliding sales, it won't be soon enough to avoid more pain, including layoffs in the coming months. After reporting its ninth consecutive quarterly sales decline, the Richfield-based retailer said Thursday it has launched a "restructuring initiative" that will include an undisclosed number of staff cuts, mostly in the first half of this year. "These actions are never easy," CEO Corie Barry...

  • IRS launches crackdown on 125,000 wealthy 'non-filers'

    Mar 1, 2024

    WASHINGTON - The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017 - and the agency says hundreds of millions of dollars of unpaid taxes are involved in these cases. Beginning this week, the IRS will start sending out noncompliance letters to more than 25,000 people who earn more than $1 million per year and 100,000 people with incomes between $400,000 and $1 million who failed to pay their taxes between 2017 and 2021. The campaign announced...

  • Fort Belknap company officials agree to cease lending in settlement

    Mar 1, 2024

    The Fort Belknap Indian Community’s short-term lending companies will have to cease operations in Minnesota, according to a settlement two officials of the companies’ parent company reached with the Minnesota Attorney General’s Office. A federal judge in Minnesota signed off on the agreement Tuesday, kicking off a timeline by which Island Mountain Development Group officials will have to provide the Attorney General’s Office with any information about existing loans given to Minnesotans, stop collecting any extra interest, and cease...

  • Teamsters reach tentative deal with Anheuser-Busch, likely averting strike

    Feb 29, 2024

    The Teamsters and Anheuser-Busch, the country's largest brewer, announced late Wednesday that they had reached a tentative agreement on a contract that the union and the company said includes strong wage gains and significant protections for job security. Without a deal, the Teamsters union's 5,000 members had been poised to strike Friday against the company's 12 breweries across the country, which make Bud Light, Budweiser, Michelob Ultra, Stella Artois and other brands of beer. "Teamsters...

  • Wendy's now says it won't start using surge pricing similar to Uber, Lyft

    Feb 29, 2024

    Wendy's now says that it has no plans to increase prices during the busiest times at its restaurants. Chief Executive Kirk Tanner said earlier this month the burger chain would start testing dynamic pricing, similar to how Uber and Lyft change rates based on demand. The company said Wednesday, after Tanner's comments began to circulate widely this week, that any features it decides to test in the future "would be designed to benefit our customers and restaurant crew members."...

  • Kellogg CEO under fire for suggesting cereal as a money-saving dinner

    Feb 28, 2024

    People angered by the rising cost of food have found another villain in the ongoing saga of inflation: the CEO of WK Kellogg, who recently suggested in a TV interview that cash-strapped consumers should eat cereal for dinner to save money. The comments, which CEO Gary Pilnick made during an appearance last week on CNBC, soon began circulating on social media, where they struck a nerve with people, many of whom likened them to Marie Antoinette's infamously heartless - and possibly misquoted -...

  • Macy's to close 150 stores as it bets on luxury brands

    Feb 28, 2024

    Macy's plans to close 150 department stores and prioritize its luxury brands as it seeks to reinvent itself amid flagging sales. The company plans to have a smaller footprint of 350 locations as it trims the "underproductive" stores, it announced Tuesday. It also expects to expand its luxury store footprint by 20 percent with 30 new Bluemercury stores and 15 stores under the Bloomingdale's umbrella, including Bloomingdale's outlets and smaller Bloomie's locations. For the Macy's branded stores,...

  • A surge fee on your Frosty? Wendy's to test 'dynamic pricing' in 2025.

    Feb 28, 2024

    The deals at Wendy's may soon not be as square as their burgers. The fast-food chain is set to start experimenting with dynamic pricing at company-owned stores next year. Wendy's CEO Kirk Tanner said the company will soon spend $20 million to swap in digital menu boards, which will let it start testing live price changes at stores next year. And Wendy's is looking to make more technological advancements. "Beginning as early as 2025, we will begin testing more enhanced features like dynamic...

  • Tribe to end management of Atlantic City's Resorts casino

    Feb 28, 2024

    ATLANTIC CITY, N.J. — The Mohegan tribe will end its management of Atlantic City's Resorts casino at the end of this year, both parties said Monday. The move will conclude an agreement the tribe's gambling arm, Mohegan Gaming Advisors, made with Resorts in 2012 six months after the casino's co-owner, veteran gambling executive Dennis Gomes, died. Gomes' death left Resorts without crucial experience and know-how to compete in the ever-more-crowded northeastern U.S. casino market. https://ictnews.org/news/tribe-to-end-manage...

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