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Trump administration reevaluating offshore drilling plans

WASHINGTON (AP) — The Trump administration said Thursday it is reevaluating its controversial plan to sharply expand offshore drilling as it responds to a court ruling that blocked oil and gas development off Alaska and parts of the Atlantic. Governors and lawmakers from both Republican- and Democratic-led states have strongly opposed the expanded drilling. And a federal judge last month ruled against President Donald Trump’s executive order to open the Arctic and parts of the Atlantic to broader oil and gas development, saying Trump had exceeded his authority. Interior Secretary ...

US stocks end mostly lower, weighed down by industrials

U.S. stock indexes finished mostly lower Thursday as disappointing earnings reports from several industrial sector companies weighed on the market, offsetting strong results from Facebook, Microsoft and others. 3M, which makes Post-it notes and many other products, plunged 12.9% in heavy trading after announcing weak results and a restructuring program. It was the biggest loss for the company since the market crash of October 1987. The loss for 3M pulled the Dow Jones Industrial Average into the red. The S&P 500 finished slightly lower, holding close to the record high it set on ...

IRS data shows refunds down 2% under new tax law

IRS data released Thursday shows that while the average refund fell, the tax filing season was largely unchanged by the massive tax overhaul. The Tax Cut and Jobs Act, pushed by President Donald Trump, lowered the tax rate for most Americans. This year was the first time taxpayers filed under its changes. It overhauled many of the rules surrounding the process — such as roughly doubling the standard deduction and limiting many popular itemized deductions. That led to surprises for some taxpayers when it came time to file. The season also got off to a rocky start as it opened ...

Business Briefs for April 22

BH Electronics to receive Governor’s Safety Award BH Electronics Inc. will be recognized for excellence in workplace safety and health during the Governor’s Safety Awards ceremony on May 8 during the 85th annual Minnesota Safety & Health Conference at Mystic Lake Center. BH Electronics is one of 294 employers to be honored through the awards program, coordinated by the Minnesota Safety Council. “Every day in Minnesota, about 100 workers get injured or ill to the point that they can’t go back to their job the next day,” said Paul Aasen, president of the Minnesota Safety ...

Giving a Lyft

MARSHALL — Did you know the Lyft car service was in Marshall? There is, and Amanda Luerssen is behind the wheel. “I just started last month,” she said. She got the idea to drive when she was visiting San Diego and using Uber and Lyft services. She talked to the drivers and got a ...

Business Briefs for April 15

Registered Apprenticeships presentation is April 24 Staff from Apprenticeship MN of the MN Department of Labor and Industry will be in Marshall to promote Registered Apprenticeships as an innovative workforce solution. Apprenticeship MN will be in Marshall from 1:30-3 p.m. Wednesday, April 24, at the Marshall Area YMCA. The presentation is geared toward employers in the construction, health care, IT, manufacturing, agriculture, and transportation industries. Also included will be a presentation with a representative from the Minnesota Department of Veteran Affairs with information ...