Business

Open once more

MARSHALL — Not a day went by without someone popping their head into Mike’s Cafe during the three-week long closing for renovations to ask when is it re-opening. The answer is — today! “I’m 99 percent sure,” said owner Ross Taveirne, who has owned Mike’s since 2013. Taveirne ...

Business Briefs for Dec. 17

Heemeyer is new human resources department manager for North Star Marcy Heemeyer recently began work as department manager of the Human Resources department for North Star Mutual Insurance Company, Cottonwood. Before coming to North Star, Heemeyer was the president and CEO of the United Way ...

China suspends tariff hikes on US cars, auto parts

BEIJING (AP) — China announced a 90-day suspension on Friday of tariff hikes on U.S. cars, trucks and auto parts following its cease-fire in a trade battle with Washington that threatens global economic growth. The suspension is China’s first step in response to President Donald Trump’s ...

Stocks plunge to 8-month lows on growth fears; J&J nosedives

NEW YORK (AP) — Stocks staggered to eight-month lows Friday after weak economic data from China and Europe set off more worries about the global economy. Mounting tensions in Europe over Britain's impeding departure from the European Union also darkened traders' moods. The Dow Jones ...

Obama-era rule leads to $150M in student loan forgiveness

The U.S. Education Department said it will forgive $150 million in federal student loans as part of a 2016 rule that Secretary Betsy DeVos previously tried to block. Department officials began notifying 15,000 students on Friday that their loans will automatically be erased because they ...

Stocks indexes settle down, but small companies drop again

NEW YORK (AP) — U.S. stocks wobbled Thursday as the markets turned fairly quiet after a very turbulent start to the week. Small companies dropped and high-dividend stocks, which investors favor when they want to reduce risk, rose. Major stock indexes spent the day switching between small ...

Business Briefs for Dec. 10

Avera Marshall opens primary care clinic at Western Mental Health Center Avera Medical Group Marshall and Western Mental Health Center in Marshall are collaborating to offer an onsite primary care clinic at WMHC. This clinic opened in early November. “We’re happy to be partnering with ...

Stocks drop 4 percent in rocky week on trade, growth worries

Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth. The latest wave of selling erased more than 550 points from the Dow Jones Industrial ...

US hiring pullback could signal mild slowdown in growth

WASHINGTON (AP) — U.S. job growth declined modestly in November, a move that could signal a slower but still steady pace of hiring and growth next year. The potential for a more anemic economy contributed to a sharp drop in the stock market Friday, sending the Dow Jones average down 560 ...

US stocks claw back from an early plunge on Fed report

By Alex Veiga AP Business Writer U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market’s gains for the year. An early plunge briefly knocked more than 700 points off the Dow Jones Industrial Average as the arrest of a senior ...

Report: US health spending hits $3.5T but growth slows

WASHINGTON (AP) — The nation’s health care tab hit $3.5 trillion last year, or $10,739 per person, the government reported Thursday. But behind those staggering figures was some fairly good news: The rate of growth slowed for the second year in a row, according to economic experts at the ...

S&P 500 slides into ‘correction’ for second time this year

U.S. stocks closed lower after a shortened session Friday, bumping the benchmark S&P 500 index into a correction, or drop of 10 percent below its most recent all-time high in September. Energy companies led the market slide as the price of U.S. crude oil tumbled to its lowest level in ...

NC environmental chief: Chemical maker must change its ways

RALEIGH, N.C. (AP) — The largest penalty a polluter has paid North Carolina should change the way one of the country’s biggest chemical companies makes compounds that the U.S. Environmental Protection Agency said appear dangerous even in small amounts, the state’s top environmental ...

Many shoppers say day is as much about the spectacle as it is about deals

NEW YORK (AP) — It would have been easy to turn on their computers at home over plates of leftover turkey and take advantage of the Black Friday deals most retailers now offer online. But across the country, thousands of shoppers flocked to stores on Thanksgiving or woke up before dawn the ...

Cyber Monday shoppers will see more sites charging sales tax

WASHINGTON (AP) — Shoppers heading online to purchase holiday gifts will find they’re being charged sales tax at some websites where they weren’t before. The reason: the Supreme Court. A June ruling gave states the go-ahead to require more companies to collect sales tax on online ...

Business Briefs for Nov. 19

Swanson joins Andrew Suby State Farm Insurance Andrew Suby State Farm welcomes Heidi Swanson to its team. Swanson is licensed in life, health, property, and casualty and has many years of experience in the financial industry and owning a small business. Swanson was born and raised in Tracy ...

Carrying on a legacy

MARSHALL — Who knew volunteering your time on a mission trip could lead to finding a wife, having a family and taking over a business in a new state? When Daniel Burns volunteered for a week in Oaxaca, Mexico, he met Suzie Falconer, a Marshall native. Starting in 2012, she worked at Casa ...

CNN’s Acosta back at White House after judge’s ruling

WASHINGTON (AP) — A federal judge ordered the Trump administration on Friday to immediately return the White House press credentials of CNN reporter Jim Acosta, though a lawsuit over the credentials’ revocation is continuing. U.S. District Court Judge Timothy Kelly, an appointee of ...

Regulators close Maine’s shrimp fishery for next 3 years

PORTLAND, Maine (AP) — Regulators voted Friday to close the Gulf of Maine winter shrimp season for another three years, raising fears that the fishery decimated by rising water temperatures may never bounce back. The Atlantic States Marine Fisheries Commission has been taking a year-to-year ...

Health care, energy companies power US stock market higher

Wall Street capped a day of volatile trading with a late-afternoon buying spree that sent U.S. stock indexes to a mostly higher finish Friday. Despite the 11th-hour rally, the benchmark S&P 500 index ended with its second weekly loss in four weeks. Gains in health care and energy ...