MERGERS & ACQUISITIONS
Abra Auto Body & Glass, Brooklyn Park, has acquired all 12 True Quality Collision Centers in Cincinnati and Dayton, Ohio, and Bloomington, Ind. Terms were not disclosed.
NEW BUSINESS
Condor Airlines made its Twin Cities debut Thursday when a flight from Frankfurt, Germany, arrived at Minneapolis-St. Paul International Airport. Condor will offer seasonal nonstop service from MSP to Frankfurt. The Âairline serves 75 destinations in Europe, Asia, Africa and the United States.
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Business
Owner of exploding Michigan building arrested at airport while trying to leave US, authorities say
The owner of a suburban Detroit business that caught fire and exploded, killing a man, was arrested at a New York airport as he was preparing to depart for Hong Kong on a one-way ticket, authorities said Friday.
Business
Surging auto insurance rates squeeze drivers, fuel inflation
Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation.
Business
UCare saw $82.1M operating loss last year as patients returned for care
Red ink came after unusually profitable 2022 for HMOs in Medicaid and other public health insurance programs.
Business
JPMorgan's Dimon hopes for soft landing for US economy but says stagflation is a possible scenario
JPMorgan Chase CEO Jamie Dimon says he's hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn't rule out more troubling possibilities, such as stagflation.
Business
140,000 people did their taxes with the free IRS direct file pilot. But program's future is unclear
The IRS said Friday that more than 140,000 taxpayers filed their taxes through its new direct file pilot program and participants saved roughly $5.6 million in fees they would have otherwise spent with commercial tax preparation companies.