With ax poised to fall, Hutchinson is on edge

Layoffs are imminent in a city that used to be immune.

Best Buy offers buyouts to 4,000 at its Richfield HQ

The company would not say how many jobs it hopes to cut, but nearly all of the 4,000 employees...

3M to cut jobs to weather storm

The company will shed 2,300 jobs, up 500 from what it said last week. Of the total cuts, 400...

Hecker's Rent A Car files for bankruptcy protection

Twenty-two of the Advantage locations nationwide are closing; 13 remain open.

Recession afflicting metro-area hospitals

Patient counts are falling and unpaid bills are rising.

3M to slash 1,800 jobs, delay merit pay

3M also ordered some workers to take time off without pay. A spokeswoman said “several hundred” job cuts will...

Retailers find if it’s not on sale, it won’t sell

Cash-strapped consumers are forgoing the big-ticket items of years past. Retailers find if it's not on sale, it won't...

Capacity and job cuts coming to Delta and NWA

Delta will reduce capacity again as people curtail travel in a recessionary economy. International flying will shrink 3 to...

Hard times put the skids on another housing deal

The upscale GardenWood development in Blaine is headed for foreclosure, and developer Sienna has its hands full in court.

Bad loans sap banks’ profits

Mounting loan losses are straining the nation's banking institutions, and Minnesota's banks aren't immune.

Minnesota jobs: Troubling signs

September marks the state's third month in a row of job declines, as experts foresee more on the way.

Local lenders are making money and loans the old-fashioned way

While big Wall Street "money centers" tumble on bad bets and frozen credit, community banks around the Twin Cities...

College debt a heavy burden

Saddled with big student loans, this young couple rents out their basement and taps their line of credit to...

Minnesota stocks $109 billion lighter

Minnesota's 20 largest companies together lost $109.7 billion, or 26 percent, of their market values as Wall Street's meltdown...

Minnesota Poll: A nagging feeling of financial angst

The Star Tribune Minnesota Poll found that 40 percent of Minnesotans feel their financial situation is worse off than...

Resist urge to cut losses; keep investing

With the stock market's latest drop, four years of market growth has been wiped out. It's 2004 all over...

Nonprofits seek upside in downturn

Minnesota agencies fear the impact of growing demands from financially strapped consumers, uncertain funding from government and others.

Allina says it will cut 250-350 jobs

Allina Hospitals & Clinics, the Twin Cities' biggest medical group, confirmed that it is eliminating 250 to 350 jobs...

Foreclosures might have peaked in Minneapolis

The numbers are dropping, possibly because foreclosures started here earlier. Problems with the glut of empty houses continue.

Credit squeeze hits Twin Cities car lots

Automakers are seeing sales slump as dealers find it increasingly difficult to get financing for potential customers - even...

Minnesotans who voted no in spotlight

Minnesota House members who voted against bailout are in spotlight as new vote approaches.

Hard times put cracks in the nest egg

We're told to sit tight and do nothing while our savings evaporate in the financial crisis. How do we...

One eye on home deals, another on the bailout

As a government rescue for lenders looms, home buyers and sellers are watching to see just what it might...

Wells Fargo-Wachovia wasn't meant to be

By failing to land Wachovia, Wells Fargo may have missed a prime opportunity to build a truly national retail...

Stocks whipsaw state investors

Uncertain. Afraid. Helpless. Discouraged. The market has average Minnesotans feeling all of this and more.

Middle-class blues: Frustrated on a fixed income

Despite simple living, this retired couple still worry their money won't go far enough.

Minnesotans getting hit by Wall Street woe

Assets frozen after the Reserve Primary Fund 'broke the buck' are still in legal limbo.

Middle-class blues: Doing well, but still feeling a pinch

Saving and living simply, these newlyweds are nervous about their financial future.

Credit crunch knows no bounds

From Wall Street giants to small entrepreneurs, it's getting harder to find cash.

Inside Track

Former U.S. Rep. Mike Oxley, a 25-year Republican who retired in 2006, blames the Bush administration and former Federal...

No need to put cash under the mattress

Minnesota's banking system is sound, and consumers are protected, one banker asserts.

Saving us from Wall Street

Eight steps toward controlling the fallout from the country's growing addiction to speculation.

Middle-class blues: 'No financial wiggle room'

Anxious families are feeling the strain of an economy on the edge and finding it's easy to fall behind.

Lehman's loss, Wells' gain?

Wells Fargo, U.S. Bancorp and other regional banks may find opportunities and profit after the extreme makeover that's changing...

Is your financial plan on track? Is your life?

These are the questions that should be at the heart of your financial plan -- not budgets or financial...

Why Travelers is unlikely to follow AIG

A not-so-funny thing happened on the way to the bank this month. The U.S. financial market experienced its biggest...

Ameriprise sues managers of troubled money fund

Ameriprise sues a money market fund manager for tipping off some investors about losses.

As the markets shake out, things may not be nearly as bad as they seemed

After Wall Street's wild ride this week, you may be pleasantly surprised to find that your investments are probably...

Temporary ban on short-selling put into place

The SEC hopes to help the flagging financial services industry. Some local firms are among the 800 affected stocks.

Wall Street panic rippling from the boardroom to the living room

Companies face higher borrowing costs and might cut back on hiring, and individual investors are looking for a safe...

Customers expected to be OK after AIG's slide

A Twin Cities insurance executive says the federal bailout of AIG was the right thing to do for policyholders...

AIG clients are told that they have nothing to fear

State regulators keeping close on AIG insurance subsidiaries

Putting retirement on hold

With homes worth less and stocks sinking nest eggs, retirement remains elusive for a growing number of Minnesotans.

Pensioners pinching pennies tighter

A burst of rising prices has increased difficulties and anxiety for middle-class retirees living on incomes that are falling...