Business and Economic News

July 17, 2014 8:46 AM

Treasury secretary targets overseas deals like Medtronic's with Covidien

A letter from U.S. Treasury Secretary Jack Lew is urging Congress to crack down on so-called "inversions" that let U.S. corporations shift their tax burdens out of the country. It could have a major impact on Fridley-based Medtronic.

by Tim Nelson

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July 17, 2014 7:58 AM

US unemployment aid applications drop to 302,000

The four-week average, a less volatile measure, dropped 3,000 to 309,000, the level since June 2007, about five months before the start of the Great Recession.

by The Associated Press

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July 17, 2014 7:35 AM

Microsoft to cut up to 18,000 jobs over next year

Microsoft Corp. said Thursday that of the up to 18,000 jobs, about 12,500 professional and factory jobs will be cut.

by The Associated Press

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July 17, 2014 7:15 AM

Lotteries take in billions, often attract the poor

Across 43 states, the District of Columbia and several territories, people wager more than $56 billion a year on lotteries. The take for state governments is about a third of that.

by Steve Tripoli

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July 16, 2014 4:21 PM

Aspen Ideas Festival: How the sharing economy is redefining community

Brian Chesky thinks the "sharing economy" can completely redesign the world we live in --transportation, education, home repairs, food and more.

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July 16, 2014 11:00 AM

Credit cards: the good, the bad and the ugly

When it comes to earning miles, points or cash back, is one reward system better than the others?

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July 16, 2014 8:43 AM

Murdoch's Fox makes bid for Time Warner

The New York Times reported that the June bid totaled $80 billion, or $85 in stock and cash for each Time Warner Inc. share.

by The Associated Press

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July 15, 2014 4:26 PM

As Congress fights over highway funding, roads feel pinch

A tiny tax on motor fuel that's used to help clean up leaking gas station tanks has some extra cash in it. It's one of the places House Republicans and Senate Democrats plan to scrounge to keep the highway trust fund from going broke in a few weeks.

by Brett Neely

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July 15, 2014 9:28 AM

Yellen says economy still needs Fed support

In delivering the Fed's semi-annual economic report to Congress, Yellen said the Fed's future actions will depend on how well the economy performs.

by The Associated Press

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July 15, 2014 8:20 AM

US retail sales tick up just 0.2 percent in June

The figures suggest that Americans are reluctant to spend freely, which could slow growth in the April-June quarter.

by The Associated Press

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