Business and Economic News

The deal should boost Hormel's earnings, expand its distribution channels and provide products that appeal to younger people, said Brian Yarbrough, an analyst with the investment firm Edward Jones.
The Minneapolis-based financial giant ignored Federal Housing Administration insurance and other mortgage lending requirements from 2006 through 2011, causing substantial losses to taxpayers and contributing to home foreclosures nationwide.
5 creative ways to pay for college
With the price of tuition showing little sign of falling from its peak, we're taking an alternate route. Two experts join us to talk about creative ways to pay for school.
Every city along the proposed line has until July 14 to vote on the project. Hopkins and Minnnetonka have already approved it. St. Louis Park and Hennepin County are scheduled to vote next week, Eden Prairie the week after that.
Housing market fake-outs stump economists
More than six years after the housing crash, economists are still trying to figure out what exactly is going on with the housing market. Many feel it's too hard for people to get mortgages, and say that's partly why sales are sluggish. Homebuilding remains slumped at levels not seen since World War II.
Harley hopes an electric hog will appeal to young, urban riders
Motorcycles powered by rechargeable batteries have been buzzing around for years, capturing a small part of the U.S. motorcycle market. Harley-Davidson, meanwhile, has always been known for its gasoline-powered bikes. But that's changing, a company spokesman says. "People in an urban environment have different needs and different requirements," he says. "They're maybe running around to the grocery store."