Business and Economic News

Target cutting 550 MN jobs as it shutters Canadian operations
Target Corp. said it will cut about 350 positions in Minnesota immediately as it exits Canada. One analyst says future layoffs may be inevitable if earnings don't meet expectations.
Unions have pushed the $15 minimum wage, but few members will benefit
Most union members won't benefit from a higher minimum wage because they already earn far more than that. With membership declining, some union leaders fear collective bargaining is dead.
Dayton presses railroads to pay more taxes
Gov. Mark Dayton wants railroads to pay significantly higher property taxes, in part, to help offset the cost of rail crossing improvements. One GOP tax leader says it's a non-starter.