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Business and Economic News

More Canadian crude could soon flow across northern Minn. under State Dept. plan

More Canadian crude could soon flow across northern Minn. under State Dept. plan

The State Department has signed off on a temporary plan from Calgary-based Enbridge Energy to divert oil from its Alberta Clipper pipeline to an adjacent line before it crosses the U.S. border, and then return the oil to its original line once its in the country.
by Dan Kraker

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Some painkillers will be harder to get this fall

Starting this fall, it will be more difficult to get commonly prescribed painkillers, such as Vicodin. The Drug Enforcement Administration has announced a new rule that reclassifies drugs containing hydrocodone. That means most consumers will be forced to get their prescription in person -- no more over-the-phone refills.

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Some Medtronic shareholders criticize Irish merger proposal

At Medtronic's annual shareholder meeting, the shareholders expressed concern that the deal -- which would merge the company with Ireland-based Covidien, will expose them to hefty capital gains taxes. The $42.9 billion deal would let Medtronic move its legal headquarters for tax purposes from the Twin Cities to Dublin.
by Martin Moylan

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North Dakota aims to boost rail safety checks

The state is seeking $500,000 to fund a program aimed at keeping up with increasing oil shipments and train traffic. Although the Federal Railroad Administration has sole authority to regulate railroads, state inspectors can work under the federal agency.
by Dan Gunderson

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Target Q2 earnings hit by data breach fallout

Target Q2 earnings hit by data breach fallout

Target has slashed its annual profit outlook as the retailer continues to reel from a massive data breach, a disappointing expansion in Canada and sluggish sales in the U.S.
by Martin Moylan

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I-35E project a drag for east metro commuters

I-35E project a drag for east metro commuters

Relief for people who drive on the major north-south freeway between downtown St. Paul and I-694 will come eventually. For now, a major construction project is a big headache.
by Peter Cox

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