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Business and Economic News

St. Paul approves deal with Car2Go

St. Paul approves deal with Car2Go

The city council on Wednesday approved a deal that allows German company Car2Go to park 185 of its tiny cars on St. Paul streets starting next month. Car2Go has a fleet of 350 vehicles in Minneapolis.
by Peter Cox

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Storms damage crops but may ease drought

Storms damage crops but may ease drought

Flooding rains and hail have caused millions of dollars of damage to homes, roads and crops in southwest Minnesota. In some areas, the downpours may also provide a benefit. City officials in Luverne and Worthington have been struggling to provide tap water due to low ground water supplies after two years of drought. But Luverne City Administrator John Call said the big storms will change that.

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St. Cloud printing plant to close, lay off 280

The news comes after Quad/Graphics completed the acquisition of Waseca-based Brown Printing Company. Quad/Graphics, headquartered in Sussex, Wisc., announced finalization of the $100 million deal May 30.
by Jake Schultz

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Amid housing construction boom, rentals out of reach for low-income families

Amid housing construction boom, rentals out of reach for low-income families

Average rents in the Twin Cities crossed the $1,000 threshold for the first time this spring, but federal guidelines show that a household would require an income of $40,000 to afford such a home.

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The tax politics of the Medtronic deal

The tax politics of the Medtronic deal

The deal to buy Irish medical device manufacturer Covidien would effectively make Fridley-based Medtronic a foreign company.

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