Coronavirus
October 16
The DECC’s Roger Reinert says navigating financial and public health needs will determine the survival of large venues like Duluth’s.

Convention centers continue taking financial hits from pandemic

Those in charge are starting to wonder what the future looks like for the car shows, concerts and hockey games they rely on financially.
Business
October 16
The Southwest Journal will cease publication at the end of the year unless a buyer is found.

Southwest Journal, two magazines to close as owners seek buyer

One of the last neighborhood newspapers in Minneapolis is an influential voice in the city.
Business
October 15
Prairie Island Nuclear Power Plant in Welch. Xcel will build the pilot hydrogen plant either at Prairie Island or its nuclear facility in Monticello.

Xcel gets $10.5M federal grant for pilot project on hydrogen

The new plant will be at either Prairie Island or the utility's Monticello nuclear facility.
Business
October 15
Larry Kudlow boasted in February that the coronavirus was contained in the U.S. and “it’s pretty close to airtight,” but his private message was

As virus spread early on, elite investors got warnings from Trump officials

Interviews provide a glimpse of how elite traders had access to information from the administration that helped them gain an advantage during three chaotic days.
Business
October 15
Minnesota's jobless rate is down to 6%, a figure that looks like good news but is shaped by far more people leaving the workforce than jobs being fill

State jobless rate falls to 6%, mainly from those leaving workforce

Seven months into the pandemic's economic crisis, Minnesota only has half its jobs back and tens of thousands have stopped looking for work.
Business
October 15

Millions in U.S. have fallen into poverty as aid dried up

WASHINGTON – After an ambitious expansion of the safety net in the spring saved millions of people from poverty, the aid is now largely exhausted…
North Metro
October 15
Conductor Mike Szabla stood outside the train prior to departure on the Northstar commuter train at Target Field station in Minneapolis.

Transit officials consider future of Minnesota's Northstar rail line

Ridership has plunged by 95% during the COVID-19 pandemic.
Business
October 15
Pilgrim's Pride will expand its plant in Cold Spring, a move that will lift its employment there by about 10%.

Pilgrim's Pride will expand Cold Spring plant

The chicken processor will add 130 jobs at the plant when the addition is complete next spring.
Business
October 14
U.S. Bancorp's third-quarter profit fell 17% as it remained under pressure from the pandemic and recession. But it put aside less money for potential

U.S. Bank to close another 400 branches, or 15% of locations, by early 2021

The branch closures come on top of another 300 in the last year or so.
Coronavirus
October 14
A portion of the UnitedHealth Group Inc.'s campus in Minnetonka is shown in 2012 file photo.

UnitedHealth Group boosts outlook as more seek health care

Third-quarter earnings beat expectations despite commercial enrollment decline.
Business
October 14
As the temperature crosses below the 45-degree threshold, more restaurants are going to be relying on their delivery and takeout business.

Schafer: Winter is coming, and the restaurant owners all know it

Minnesotans shouldn't treat this like a normal winter.
Business
October 14
Medtronic CEO Geoff Martha

Medtronic tells investors it expects faster sales growth ahead

The company now expects to return to normal revenue and profit growth by January, three months earlier than earlier projections.
The Good Life
October 14

How older workers can prepare for job loss

There are no easy answers when it comes to the job market, especially during a pandemic.
Business
October 14
The Pilgrim's Pride plant in Cold Spring.

Pilgrim's Pride will pay $110M to settle price-fixing allegations

Justice Dept. said Pilgrim's Pride passed costs to consumers, businesses
Business
October 14

Bank of America profit falls 15.6% in third quarter

Consumer banking giant Bank of America says third-quarter profit declined 15.6% from a year earlier, but saw less need to put aside money to cover potentially bad loans, citing improvements in the U.S. economy.
Business
October 14
Wells Fargo returned to profitability in the third quarter after the pandemic sparked a loss earlier this year.

Wells Fargo posts $2 billion profit in 3Q, reversing 2Q loss

Wells Fargo says it earned $2 billion in the third quarter, less than half of what it made in the same period last year but a significant improvement from this year's second quarter, when it posted a loss as the coronavirus swept through the U.S.
Business
October 14
The September report is the first meaningful decline in paying rents since the beginning of the pandemic and a likely sign that many of the lowest inc

Signs of 'financial stress' emerge in survey of Twin Cities rent payers

A greater share of metro apartment dwellers missed their rent payments last month as aid expired.
Business
October 14
iPhone 12 and iPhone 12 mini come in five aluminum finishes, including blue, green, black, white and (PRODUCT)RED.

Video: Apple unveils new iPhones supporting 5G networks

Four new iPhones are equipped with technology for use with faster new 5G wireless networks.
Duluth
October 13
Minnesota’s highest court became involved in the landmark mine project near Hoyt Lakes after an appellate court struck down three permits and sent t

Minnesota Supreme Court hears dispute over canceled PolyMet mine permits

The DNR is fighting a lower court's order to hold an administrative hearing over objections.
Business
October 13
This image provided by Apple shows one of the new iPhone 12 equipped with technology for use with faster new 5G wireless networks that Apple unveiled

Apple unveils new iPhones for faster 5G wireless networks

Apple unveiled four new iPhones equipped with technology for use with faster new 5G wireless networks, hoping that demand for higher data speeds will spark…