- Wall Street analyst: Best Buy cuts wages, jobs in its stores
A Wall Street analyst says thousands of Best Buy employees may face job losses, demotions or pay cuts.April 16, 2009 - Mall operator files for bankruptcy protection; owns six Minn. properties
General Growth Properties, which owns several properties in Minnesota including Ridgedale and Eden Prairie Center, said shoppers at its malls will not be affected by its bankruptcy filing.April 16, 2009 - New jobless claims fall unexpectedly to 610K
New jobless claims fell more than expected for the second straight week, but the number of Americans continuing to receive unemployment insurance benefits rose above 6 million for the first time.April 16, 2009 - March housing construction falls 10.8 percent
The government says housing construction plunged to the second lowest level on record in March, providing a sobering sign that the worst housing slump in decades has not yet ended.April 16, 2009 - Recovery still far away, despite increase in metro home sales
March home sales in the Twin Cities area posted a robust 14 percent increase, but prices continue to fall compared to last year. But experts caution against declaring an economic recovery is underway.April 10, 2009 - Fed exec says economic growth will resume
Gary Stern, president of the Federal Reserve Bank of Minneapolis, says he thinks business activity will pick up, especially given the economy's fundamental resilience.April 9, 2009 - 3M offers buyouts to 3,600 US employees
3M Co. is offering early retirement packages to 3,600 employees in the U.S. as the maker of Post-it Notes and Scotch tape tries to cut costs amid the economic downturn.April 9, 2009 - Wells Fargo projects record $3 billion 1Q profit
Wells Fargo & Co. said Thursday it expects record first-quarter earnings of $3 billion, easily surpassing analysts' estimates and providing an encouraging sign for the banking industry.April 9, 2009 - New jobless claims fall more than expected to 654K
New jobless claims fell more than expected last week but are stuck at elevated levels, while those continuing to receive unemployment insurance set a record for the 11th straight week.April 9, 2009 - Target same-store sales slip 6.3 percent in March
Discount retailer Target says same-store sales declined 6.3 percent in March, slightly better than Wall Street expectations.April 9, 2009 - Trade deficit falls for seventh straight month
The government says the U.S. trade deficit plunged unexpectedly in February to the lowest level in more than nine years as the steep recession pushed imports down for a seventh straight month while U.S. exports managed a small rebound.April 9, 2009 - SPCO musicians agree to pay cut
Musicians at the St. Paul Chamber Orchestra have agreed to take a 12 percent pay cut for the 2009-2010 season.April 6, 2009 - Twin Cities Red Cross cuts budget, services
The American Red Cross chapter in the Twin Cities is cutting its budget, and one of the first programs to go is a ride service for the disabled and elderly.April 6, 2009 - Economic worries gnaw at Minn. Guard members
Some National Guard members bound for Iraq are anxious about leaving jobs and responsibilities when the economy is so shaky. For others, the assignment provides guaranteed income during a rough market and the hope that things will be better when they come home next winter.March 30, 2009 - MnOrch announces more budget cuts
For the second time this year, the Minnesota Orchestra has announced budget cuts.March 27, 2009
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