Economic Downturn
Economic Downturn
  • Sun Country shows a 4Q profit
    Minnesota-based Sun Country Airlines today announced a fourth quarter profit of $955,000, and the company says its fortunes are on the upswing.January 28, 2009
  • Celestica closes Minn. plant; 590 jobs gone
    A Canadian company, Celestica, is closing a circuit board plant in Arden Hills, cutting 590 jobs.January 28, 2009
  • Wells Fargo loses $2.8 billion in 4Q
    Wells Fargo & Co. said Thursday that it swung to a $2.83 billion loss in the fourth quarter as it took significant charges to reduce its exposure to the risky assets of Wachovia Corp. and built up its reserves to cover future losses.January 28, 2009
  • Ainsworth Lumber closes Minn. plants permanently
    Ainsworth Lumber Co. says it will close its oriented strand board mills in Bemidji and Cook permanently.January 28, 2009
  • Best Buy announces layoffs on top of buyouts
    Richfield-based Best Buy told headquarters employees today that it will hand out an unspecified number of pink slips Feb. 19.January 27, 2009
  • Target cuts 1,000 positions at Minn. headquarters
    Minneapolis-based Target is eliminating some 1,500 positions, mostly at its corporate headquarters. The retailing giant says falling sales are forcing it to make this rare round of layoffs.January 27, 2009
  • Delta reports $1.4B 4Q loss; Shares plunge
    Delta Air Lines Inc., the world's biggest carrier, said Tuesday it lost $1.4 billion in the final three months of 2008.January 27, 2009
  • Travelers 4Q profit falls 25 percent
    Commercial and personal property insurer Travelers Cos. said Tuesday that lower investment income drove fourth-quarter profit down 25 percent.January 27, 2009
  • Banking your tax refund to combat poverty
    It's tax season - and a Minnesota program that offers low-cost tax refund loans is bracing for overwhelming demand, as more people face financial insecurity.January 27, 2009
  • Economic forecasters see more job cuts ahead
    Tens of thousands of fresh layoffs were announced Monday, and more companies are expected to cut payrolls in the months ahead.January 26, 2009
  • HCMC announces layoffs
    Hennepin County Medical Center is laying off 20 people and freezing some capital projects to help balance its budget.January 26, 2009
  • Hutchinson Technology closing Sioux Falls plant
    Hutchinson Technology says it's closing its plant in Sioux Falls, S.D. and laying off the remaining 300 employees.January 23, 2009
  • Polaris cuts another 460 jobs
    Medina-based Polaris is cutting 460 jobs. The maker of snowmobiles, ATVs, and other leisure vehicles says the layoffs include 160 full-time positions, or about 5 percent of its workforce.January 23, 2009
  • Minnesota unemployment rises to 6.9 percent
    Minnesota continued to shed thousands of jobs in December, pushing the unemployment rate to 6.9 percent. But, some sectors are still adding jobs. Those were some of the headlines today from the Department of Employment and Economic Development, which released its latest jobs report Thursday.January 22, 2009
  • US Bancorp 4Q profit falls on higher credit costs
    U.S. Bancorp on Wednesday reported a 72 percent drop in earnings in the final three months of last year -- its eighth-straight quarterly profit decline.January 21, 2009

MPR News
Radio

Listen Now

Schedule

Shortcuts
Hosts
Station Map

Other Radio Streams from MPR

Classical MPR
Radio Heartland

Services

Become a sponsor

In The Spotlight