Economic Downturn
Economic Downturn
  • Kato Engineering cuts nearly 100 jobs in Mankato
    Electrical generator maker Kato Engineering says it's cutting 20 percent of its workforce, or 94 jobs.May 28, 2009
  • Wider measure of unemployment paints darker picture
    The official U.S. unemployment rate is 8.9 percent. But the government has another measure that tell a truer story of how American workers are faring. By that measure, the unemployment rate is nearly 16 percent.May 28, 2009
  • Jobs picture improves in April
    Job losses are slowing somewhat in Minnesota. The state lost 9,500 jobs from March to April, a significant improvement from most recent months.May 21, 2009
  • Minneapolis steps up inspections of neglected buildings
    The city of Minneapolis this week begins rolling out a new program to inspect commercial buildings, in an attempt to make them safer for neighborhoods and first responders. But some building owners say the new fees to pay for the program are excessive.May 20, 2009
  • Medtronic to cut 1500+ jobs, 600 in Twin Cities
    Medical device maker Medtronic Inc. says it will reduce its global work force by 1,500 to 1,800, with about 600 of the jobs coming from the Twin Cities.May 19, 2009
  • Another Twin Cities hospital cuts jobs
    North Memorial Health Care in Robbinsdale says it will reduce its work force through layoffs and reduced hours, which will impact about 170 employees.May 18, 2009
  • Chrysler lists 20 dealers for closure in Minnesota
    Chrysler LLC wants to close 20 Minnesota dealerships as part of a nationwide move to eliminate 789 dealerships.May 14, 2009
  • HCMC announces layoffs
    Hennepin County Medical Center said today it is eliminating up to 100 full-time equivalent positions, and putting off a major capital improvement projects.May 13, 2009
  • Social Security and Medicare finances worsen
    The financial health of Social Security and Medicare, the government's two biggest benefit programs, have worsened because of the severe recession, and Medicare is now paying out more than it receives.May 12, 2009
  • Metro housing market improves in April
    The Twin Cities housing market continues to show signs of improvement, with home sales going up by 7 percent in April.May 12, 2009
  • Northshore Mining extends shutdown
    Taconite producer Cliffs Natural Resources has extended a shutdown at its Northshore Mining company in Babbitt and Silver Bay.May 5, 2009
  • 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

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