MERGERS AND ACQUISiTIONS
Piper Jaffray Cos., Minneapolis, has agreed to purchase Seattle-Northwest Securities Corp. in a transaction valued at about $21 million. Seattle-Northwest is a public finance firm in the Northwest region, underwriting municipal securities, and its sales and trading division distributes bonds nationwide.
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Business
California to tap generative AI tools to increase services access, reduce traffic jams
California could soon deploy generative artificial intelligence tools to help reduce traffic jams, make roads safer and provide tax guidance, among other things, under new agreements announced Thursday as part of Gov. Gavin Newsom's efforts to harness the power of new technologies for public services.
Business
Eden Prairie's C.H. Robinson a big reason why so many people can get fresh flowers for Mother's Day
From South America and Africa to Miami then stores and florists, logistical challenges are great.
Business
Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
Cracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households.
Business
Average long-term US mortgage rate snaps five-week string of increases, but remains above 7%
The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale.
Local
Twin Cities restaurant chain owner charged in Dakota County with dodging $260K in taxes
Claudia Gutierrez Mendez runs Hamburguesas El Gordo restaurants in Minneapolis, St. Paul and West St. Paul. She's facing charges that she filed false tax returns.