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Business and Economic News

Target's smallest store to open near U of M

Target's smallest store to open near U of M

As retail competition has stiffened, Target has been opening smaller stores in urban settings. The retailer has opened eight somewhat downsized CityTarget stores in Chicago, Los Angeles and other markets.
by Martin Moylan

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Cities along SW light rail route eye pot of money

Cities along SW light rail route eye pot of money

The nearly $1.7 billion budget for the proposed Southwest Light Rail project includes a tantalizing pot of money for the cities along the line: a contingency fund estimated at about $300 million.
by Curtis Gilbert

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Hiring looks good now, but wage growth lags

Hiring looks good now, but wage growth lags

When the Great Recession hit in late 2007, employers started slashing jobs, eventually sending the jobless rate to a 10-percent peak. The recovery began in mid-2009, but the climb back has been slow and precarious, making companies reluctant to hire.
by Marilyn Geewax

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Car2Go ready to go in St. Paul

Car2Go ready to go in St. Paul

The service will also rebrand from Car2Go Minneapolis to Car2Go Twin Cities, said Josh Johnson, the company's local manager.
by Peter Cox

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US jobless rate dips to 6.1 percent; lowest rate since September 2008

US jobless rate dips to 6.1 percent; lowest rate since September 2008

The United States economy created 288,000 jobs in June, the fifth straight month of strong job creation above 200,000 per month. The unemployment rate dropped to 6.1 percent, the lowest rate since September 2008.
by The Associated Press

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