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Delta says shutdown is costing $25M in January revenue

DALLAS — Delta Air Lines expects to lose $25 million in revenue this month from the partial government shutdown that is also creating checkpoint delays and long lines at the airline's Atlanta hub. Delta's revenue is more than $3 billion a month, so the setback isn't huge, and airline executives say overall travel...

 

Twin Cities company launches the most dynamic and efficient way to manage property

Eden Prairie, Minnesota (January 15, 2019) – A Twin Cities company announced today the launching of a cloud-based platform that streamlines the management of properties big and small, creating efficiencies that benefit not only owners of real estate and other property but their stakeholders as well. TracFax...

 

Hedge fund called 'destroyer of newspapers' bids for USA Today owner Gannett

A New York hedge fund known for gutting newsrooms is backing a hostile takeover bid for Gannett, the publisher of USA Today and 100 other newspapers. The unsolicited offer, worth over $1.3 billion, would create the largest newspaper company in the United States and further consolidate a struggling industry. In an open...

 

Minnesota Manufacturers Expect Stable Conditions in 2019

ST. PAUL – Minnesota manufacturers reported mostly unchanged or improved conditions during 2018, according to an annual joint survey by the Minnesota Department of Employment and Economic Development (DEED) and the Federal Reserve Bank of Minneapolis. The 2018 Minnesota Manufacturing Business Conditions Survey also...

 

Small-business tax deduction has CPAs scratching their heads

NEW YORK — Millions of small business owners will be in uncharted waters this tax season as they try to determine if they qualify for a deduction that could exempt one-fifth of their income from taxes. Five months after the IRS issued guidelines to help business owners and tax advisers understand how the complex...

 

Google looking at Becker to build a $600 million data center

Google is looking at building a giant Minnesota data center in Becker that would cost at least $600 million and be powered by two dedicated wind farms. The data center, essentially a big building full of servers, was disclosed Thursday in a regulatory filing by...

 

Walz orders review of Commerce Department's decision to fight Enbridge pipeline project

With new DFL Gov. Tim Walz in office, the Minnesota Department of Commerce is reviewing its court appeal to block Enbridge's controversial $2.6 billion oil pipeline project. The Commerce Department last month - under former DFL Gov. Mark Dayton - appealed the state...

 

Minnesota Gov. Tim Walz tells business leaders he'll aim to strengthen small-town economies

Business leaders, worried about Minnesota's workforce shortage, taxes and health care costs, listened carefully Wednesday night as Gov. Tim Walz's administration and lawmakers set out their vision for the state's future. In his first address to the business community...

 

With corn and soybean prices down, wheat's on the rise in Minnesota

Spring wheat is making a bit of a comeback in Minnesota. Farmers in the state planted and harvested just over 1.6 million acres of hard red wheat in 2018, a 40 percent increase over 2017 and the largest spring wheat crop since 2008. http://www.startribune.com/with-corn-and-soybean-prices-down-wheat-...

 

Sun Country rolls out most new routes ever, including $49 one-way from MSP to O'Hare

Sun Country Airlines is adding 19 seasonal routes this spring in its largest expansion ever, with eight from Minneapolis-St. Paul International Airport including one to Chicago with a $49 starting price. It's the biggest leap for its flight network yet by the...

 

Minnesotans who benefited from Affordable Care Act are eying a judge's ruling warily

Affordable health insurance has been the difference between having a life and just scraping by for Bruce Ario, a Minneapolis man with schizophrenia and diabetes. A low-income worker who supervises mailrooms for two federal agencies, he was spending $1,000 a month for medical coverage before Congress passed the...

 

Tax break for poor areas boosts Mall of America district

The Mall of America and the booming district around it are now considered “economically distressed” in the eyes of the federal government, qualifying the area for new tax breaks intended for the country’s poorest neighborhoods. The eastern corner of Bloomington is one of the state’s 128 “Opportunity Zones...

 

A Trump county confronts outbreak of cancers linked to environment

JOHNSON COUNTY, Ind. – The children fell ill, one by one, with cancers that few families in this suburban Indianapolis community had ever heard of. An avid swimmer struck down by glioblastoma, which grew a tumor in her brain. Four children with Ewing’s sarcoma, a rare bone cancer. Fifteen children with acute...

 

Apple drops iPhone bombshell on already reeling stock market

SAN FRANCISCO - Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company's most profitable product has lost some of its luster. The reckoning came in a letter from Apple CEO Tim Cook to the company's shareholders released after...

 

Will Minnesota approve recreational marijuana in 2019?

It's a buzzy headline for Forbes: "These States Are Most Likely to Legalize Marijuana in 2019," with Minnesota as one of the top states on the list. Forbes cites Governor-elect Tim Walz's stated support for legal weed as the chief reason, and points out Walz was the first to get a cannabis bill passed through a...

 

Apple just confirmed the stock market's biggest fear

More and more companies are confirming that President Trump’s trade war is slowing down the global economy. On Wednesday, Apple (AAPL) shocked markets when it said revenue in its holiday quarter would miss expectations. https://www.yahoo.com/finance/news/apple-just-confirmed-stock-markets-22504910...

 

A HIGH roller! Native American dispensary sells $11,000 gold leaf-coated cannabis cigar in Las Vegas - the most expensive pot product ever sold

A sky-high price was paid for a luxurious marijuana cigar at a Paiute dispensary near downtown Las Vegas on Friday making it the most expensive pot product ever sold. Brandon Hawkins, 36, a restaurateur from Los Angeles, bought a 24-karat gold leaf-coated, hemp flower-wrapped 'cannagar,' or cannabis cigar, with...

 

Will A New Law Finally Solve Ohio's Payday Lending Puzzle?

New regulation promises to make a dangerous option viable for those in need of credit. Bob Miller did what many struggling Ohioans do when faced with a cash crisis: He got a payday loan. Three years ago, after successfully paying off two other short-term loans, the Newark resident decided to get a third, securing $600...

 

Legal marijuana industry toasts banner year

PORTLAND, Ore. (AP) — The last year was a 12-month champagne toast for the legal marijuana industry as the global market exploded and cannabis pushed its way further into the financial and cultural mainstream. Liberal California became the largest legal U.S. marketplace, conservative Utah and Oklahoma embraced...

 

Media company disputes could keep millions of TV viewers from watching football playoffs

Sports fans nationwide may soon find themselves cut off from some of the most anticipated televised football games of the year as massive media and television companies go to war with one another over the programming fees required to air those matches. Beginning next week, TV customers on Verizon FiOS and Charter’s...

 

New regulation says edible marijuana products have to be marked with special symbol

LAS VEGAS - The new year is expected to bring a pretty big change to the marijuana industry with new labeling requirements for food products that contain cannabis. Nevada already has some of the most stringent rules in the country regarding edible marijuana products. But the goal of the new law is to make products...

 

Wall Street notches best day in 10 years in holiday rebound

Stocks rocketed on Wednesday in Wall Street's best day in 10 years, snapping a stomach-churning, four-day losing streak and giving some post-Christmas cheer to a market that has been battered this December. The Dow Jones Industrial Average shot up more than 1,000...

 

Caribou Coffee notifies customers of data breach

Caribou Coffee Co. disclosed Thursday that customers' credit card numbers and other security information may have been accessed as part of a data breach it first noticed on Nov. 30. The company declined to say how many people were affected. In a notice posted on its website and sent to media organizations, Caribou...

 

Environmental groups and Ojibwe bands file appeals on Enbridge pipeline approval

Three environmental groups and two Ojibwe bands on Wednesday filed lawsuits challenging the state's approval of Enbridge's controversial new $2.6 billion oil pipeline planned for northern Minnesota. The lawsuits, filed with the Minnesota Court of Appeals, seek to overturn a June decision by the Minnesota Public...

 

Texas Lawmaker: Build Casinos on Coast to Subsidize Wind Insurance

A Texas lawmaker has proposed subsidizing the state’s underfunded windstorm insurance and flooding assistance by building casinos in coastal counties. State Rep. Joe Deshotel filed the bill on Dec. 7 to cover the cost of subsidizing the Texas Windstorm Insurance Association (TWIA) by proposing to tax licensed...

 

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