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Business and Economic News

Monetary lifeline home for Somali-Americans under increasing threat

Monetary lifeline home for Somali-Americans under increasing threat

Remittances may account for as much as 40 percent of Somalia's entire economy, according to Oxfam. This critical source of economic support could be cut off as Somalia struggles to regain stability following a quarter century of conflict.
by Matt Sepic

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How the Medtronic deal with Covidien puts spotlight on corporate taxes

How the Medtronic deal with Covidien puts spotlight on corporate taxes

Medtronic's plans to buy an Ireland-based competitor are raising questions about tax policy. MPR's Cathy Wurzer spoke with Vanessa Houlder, tax correspondent for the Financial Times, who's written about Ireland's role in what's called tax "inversion."

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In the making of America's megafarms, a few winners and many losers

In the making of America's megafarms, a few winners and many losers

America's beloved small farms are becoming increasingly irrelevant. Big farms are taking over. According to the latest census of American agriculture, released this year, there are two million farms in America. But just four percent of those farms account for two-thirds of all agricultural production.
by Dan Charles

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Medtronic to be based in Ireland, but says 1,000 Minnesota jobs will be added

Medtronic to be based in Ireland, but says 1,000 Minnesota jobs will be added

Medtronic's deal to buy Ireland-based competitor Covidien is the latest in a series of acquisitions by medical-device manufacturers. The companies are seeking to expand their offerings and contain costs in response to price curbs forced by the nation's new health care law.
by Martin Moylan

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Minnesota has a lot riding on the next Target CEO

Minnesota has a lot riding on the next Target CEO

Target employs about 31,000 people in Minnesota. The retailer and its predecessor -- the Dayton Hudson Corp. -- have always had a CEO with a Minnesota connection. So far, all have emerged from within the company.
by Martin Moylan

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Arrests at MSP as disabilities workers protest pay

Arrests at MSP as disabilities workers protest pay

About 70 supporters and airport workers had attended the Metropolitan Airports Commission's board meeting on Monday afternoon to voice grievances about the low wages they say are paid to some airport workers who assist people with disabilities.
by Jon Collins

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