Business

Keeping Clarkfield vital

CLARKFIELD — One of Clarkfield’s downtown traditions became a 21st century career opportunity in the past year for Medea Noel. She opened Medea’s Cafe on Oct. 27 at the cafe portion of Clarkfield’s centrally located business property known as the Diamond Mall. The establishment was ...

As cashless stores grow, so does the backlash

NEW YORK (AP) — Hembert Figueroa just wanted a taco. So he was surprised to learn the dollar bills in his pocket were no good at Dos Toros Taqueria in Manhattan, one of a small but growing number of establishments across the U.S. where customers can only pay by card or ...

S&P 500 notches 3rd straight weekly gain as US stocks rally

Stocks notched solid gains on Wall Street Friday, erasing most of the losses the market sustained after an uneven week of trading. The strong finish gave the S&P 500 its third straight weekly gain. The benchmark index is now just under 1% from its most recent all-time high set on ...

Minnesota farmer’s tearful video underscores industry woes

PINE ISLAND (AP) — A Minnesota dairy farmer frustrated by the industry’s rising financial pressures has taken to social media to voice his concerns in an emotional video that's been viewed hundreds of thousands of times. Mark Berg, 26, told the Star Tribune that he posted the ...

Business Briefs for April 8

Avera Marshall, Big Stone Therapies expand partnership Avera Marshall Regional Medical Center and Big Stone Therapies, Inc. announced that Avera Marshall has purchased the Big Stone Therapies clinic at the Market Street Mall in Marshall. Plans call for the current professional services ...

Committed to community news

TRACY — They may be new owners of a publishing company, but they have a combined 40 years of experience in the newspaper industry. Tara Brandl and Per Peterson took over ownership of the Tracy Headlight-Herald, now the Tracy Area Headlight-Herald, as of April 1. They bought the business ...

Hiring rebounds as US employers add 196,000 jobs

WASHINGTON (AP) — Hiring in the United States rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February’s scant gain and evidence that many businesses still want to hire despite signs that the economy is slowing. The unemployment rate remained at 3.8%, near ...

Jobs rebound drives US stocks higher for another weekly gain

Wall Street closed out another solid week of gains Friday as the stock market hit its longest winning streak in a year and a half. Health care, energy and technology companies accounted for much of the broad rally, which extended the S&P 500's consecutive run of gains to seven days. The ...

Business Briefs for April 1

MNRAAA announces Jason W. Swanson as new executive director The Minnesota River Area Agency on Aging’s board of directors announces the hiring of Executive Director Jason W. Swanson. “Jason has taken the leadership role following the retirement of MNRAAA’s previous long-term Executive ...

For that special gift

MARSHALL — Rachel Deutz believes in taking things one day at a time and one customer at a time. She’s operated Treasured Times in downtown Marshall for more than 10 years. Her long range business venture started in 2001 when her mother, Gene (Zick) Gilb, was willing to go back to having a ...

Trump issues new permit for stalled Keystone XL pipeline

WASHINGTON (AP) — In an apparent bid to kick-start the long-stalled Keystone XL oil pipeline, President Donald Trump on Friday issued a new presidential permit for the project — two years after he first approved it and more than a decade after it was first proposed. Trump said the permit ...

Trump’s Fed pick worries economists, rallies conservatives

WASHINGTON (AP) — President Donald Trump’s latest pick to help lead the Federal Reserve has received a rocky reception — with top economists raising several red flags about whether Stephen Moore is qualified to be a governor of the world’s most influential central bank. Moore is a ...

S&P 500 posts biggest quarterly gain in a decade; Lyft soars

Stocks finished broadly higher on Friday as Wall Street closed out the first quarter with the market’s biggest gain in nearly a decade. The benchmark S&P 500 index is now up 13.1 percent this year, a drastic turnaround for stocks after a jarring 14 percent sell-off in the last three ...

Business Briefs for March 25

Great Western adds Ust as business banker Great Western Bank welcomes Matthew Ust as a business banker for its Marshall branch. A graduate of South Dakota State University, Ust has over 12 years of experience in the financial services industry with previous experience at U.S. Bank and ...

Fitting in

MINNEOTA — With the success of Minneota’s FIT 24 fitness center, the downtown business property known for many years as Ufkin’s will never be the same. Cari Pohlen, a 1995 Minneota High School graduate, has nearly a two-year track record of serving members and daily guests as the owner ...

Indonesian airline wants to cancel Boeing order

JAKARTA, Indonesia (AP) — In a blow for Boeing, Indonesia’s flag carrier is seeking the cancellation of a multibillion dollar order for 49 of the manufacturer's 737 Max 8 jets, citing a loss of confidence after two crashes within five months. It is the first announcement of a cancellation ...

Stocks, bond yields fall sharply as growth worries spread

Wall Street was roiled Friday by new signs that global economic growth is slowing. The jitters triggered a sell-off in stocks and sent bond yields sharply lower, flashing a possible recession warning. The wave of selling knocked 460 points off the Dow Jones Industrial Average and gave the ...

Trump administration announces new Venezuela sanctions

PALM BEACH, Fla. (AP) — The Trump administration stepped up sanctions on Venezuela Friday in response to the kidnapping of a top aide for an leader the U.S wants to see replace the embattled — but not yet ousted — President Nicolas Maduro. The Treasury Department announcement came while ...

Boeing to make safety feature standard on troubled Max jets

Boeing will make standard on its troubled new airliner a safety feature that might have helped the crew of a jet that crashed shortly after takeoff last year in Indonesia, killing everyone on board. The equipment, which had been offered as an option, alerts pilots of faulty information from ...

Trump blames Fed for holding back economic growth in ‘18

WASHINGTON (AP) — President Donald Trump says the economy would have grown much faster last year if the Federal Reserve had not been tightening credit last year. In a broadcast interview, Trump said without the Fed’s rate hikes last year and moves to trim its bond holdings, the economy, ...