Economic Downturn
Economic Downturn
  • Despite down economy, Red Lake bets on new casino
    Despite the economic downturn and a time when the gambling industry may see less profits, the Red Lake band is building another new casino just north of Bemidji.May 1, 2009
  • The economy and you
    MPR's Jeff Horwich moderates a discussion in the UBS Forum about the impact of the recession on individual lives.Midday, April 30, 2009
  • Chrysler files for Chapter 11 bankruptcy
    Chrysler filed for bankruptcy protection Thursday and will form an alliance with the Italian carmaker Fiat Group SpA in an effort to revive the nation's ailing third-largest automaker.April 30, 2009
  • Travelers Cos. 1Q profit falls 32 percent
    The St. Paul, Minn.-based property and casualty insurer earned $662 million, or $1.11 per share, in the January-March period. This compares with earnings of $967 million, or $1.54 per share, a year earlier.April 30, 2009
  • Consumer spending, new jobless claims dip
    Consumer spending fell more than expected in March after two straight monthly gains, a stark reminder of a fragile economy that has pushed a record number of Americans to draw jobless benefits.April 30, 2009
  • Jobless benefits help unemployed weather the storm
    People who lose their jobs are generally pretty concerned about how they're going to make ends meet. More than 200,000 Minnesotans collected unemployment insurance payments last year, and even more will likely do so this year.April 29, 2009
  • Hutchinson Technology cuts more jobs
    Hutchinson Technology says it is cutting another 300 jobs. The company has announced job cuts totaling more than 40 percent of its workforce since last fall.April 28, 2009
  • More layoffs expected at Minntac
    Union officials say another 250 workers at U.S. Steel's Minntac plant in Mountain Iron are expected to lose their jobs, possibly as early as this week.April 28, 2009
  • Minnesota GM dealers anxiously await their fate
    After General Motors announced Monday that it will close 42 percent of its 6,200 dealerships by the end of next year, dealers in Minnesota and elsewhere are anxiously awaiting news about whether their businesses will survive.April 27, 2009
  • GM to cut 21,000 US factory jobs, shed Pontiac
    General Motors laid out a massive restructuring plan today that will cut 21,000 U.S. factory jobs by next year and phase out the storied Pontiac brand.April 27, 2009
  • Luxury vs. necessity
    Television sets, air conditioning, microwaves -- suddenly a majority of people in a recent survey say they don't need these things. It's just another sign of how the economy has caused a re-evaluation of luxury and necessity.Midmorning, April 24, 2009
  • Star Tribune, union reach tentative agreement
    The Star Tribune of Minneapolis has reached a tentative contract agreement with the union representing nearly 275 employees in the newsroom.April 24, 2009
  • Career counselor offers tips for job seekers
    The unemployed, downsized or newly graduated are all looking for jobs in a slow economy this spring. Job counselor Amy Lindgren discusses which job search strategies are most successful.Midday, April 23, 2009
  • Wells Fargo reports record 1Q profits
    Wells Fargo is reporting a record first-quarter profit of $2.38 billion.April 22, 2009
  • Minnesota companies' outlook varied as the industries
    Several prominent companies with headquarters or major operations in Minnesota are reporting lower quarterly earnings today. The view of the economy from the companies' corner offices was as varied as their industries.April 21, 2009

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