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Business

Trump promises order aimed at lower prescription drug prices

WASHINGTON (AP) — President Donald Trump is promising an executive order that he says is intended to enable the U.S. government to pay lower prices for prescription drugs. Trump says his administration soon would announce a “favored-nations clause,” where the amount paid by the ...

US adds 224,000 jobs, making Fed rate cut less certain

WASHINGTON (AP) — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal ...

Business Briefs for July 1

Bjorlie hired at Avera Marshall Big Stone Therapies Jessica Bjorlie has been hired at Avera Marshall Big Stone Therapies as a clinician. She has a bachelor of science degree in athletic training from the University of North Dakota. She is married to Dan Bjorlie and lives in Benson. Bursch ...

New business on the block

MARSHALL — Sarah Kesteloot’s goal to have her own retail business ties in perfectly with the expansion of business activity on North Third Street in downtown Marshall. Kesteloot opened Rustic Hideaway Boutique June 1 as the latest of several successful neighboring business startups in the ...

Help people ‘keep moving’

MARSHALL — Like a lot of Minnesotans, last winter Stephen Browne found himself to be pretty much a couch potato. “When I wasn’t sitting down I was lying down,” he said. In his late 60s, he began to feel like he was starting to “rust.” He was feeling achy in his hips and ...

Arizona fire highlights challenges for energy storage

PHOENIX (AP) — Arizona’s largest electric company installed massive batteries near neighborhoods with a large number of solar panels, hoping to capture some of the energy from the afternoon sun to use after dark. Arizona Public Service has been an early adopter of battery storage ...

Ameriprise Financial advisers volunteer to deliver Meals on Wheels

Ameriprise Financial advisers in Marshall took part in the company’s nationwide volunteer effort the help feed hungry families and individuals in partnership with Feeding America. Together, eight volunteers from Van der Hagen, Skogrand & Associates worked at Marshall Adult Community ...

North Star announces two promotions

Cory Hubbard has been promoted to department manager of the Farm Underwriting department. He has worked for North Star since July of 2004 and previously held the position of assistant department manager of the Farm Underwriting department. Zach Pringle has been promoted to assistant manager ...

Average US price of gas drops 11 cents per gallon to $2.73

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline dropped 11 cents per gallon (3.8 liters) over the past two weeks, to $2.73. Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that lower crude oil prices contributed to the drop at the pump. Oil ...

Minn. added to suit to stop Sprint-T-Mobile deal

NEW YORK (AP) — Hawaii, Massachusetts, Minnesota and Nevada are joining the legal fight against T-Mobile’s $26.5 billion bid for Sprint in a case that lawyers on both sides say they hope will reach trial in October. Beau Buffier, a lawyer for New York state's attorney general, told a ...

S&P 500 notches 3rd straight weekly gain after wobbly day

Wall Street finished a milestone-setting week on a downbeat note Friday after a late flurry of selling nudged stocks lower, ending the market's four-day winning streak. Even with the modest losses the market delivered its third straight weekly gain, with the benchmark S&P 500 index ...

Fed: Largest banks would survive crisis, in latest tests

NEW YORK (AP) — All 18 of the nation’s largest and most complex banks are strong enough to withstand a severe economic downturn and would be able to stay in business without collapsing, the Federal Reserve said Friday. The results are from the first round of the central bank’s annual ...

US stocks climb, sending S&P 500 index toward a new high

Stocks marched broadly higher on Wall Street Thursday afternoon, placing the S&P 500 on track to close at an all-time high. The benchmark index was slightly above the record close it reached April 30. The rally came as investors balanced optimism over the possibility that the Federal ...

Walmart to pay $282M over foreign corruption

ALEXANDRIA, Va. (AP) — Walmart agreed Thursday to pay $282 million to settle civil and criminal allegations of overseas corruption, including payment through a Brazilian subsidiary of more than $500,000 to an intermediary known as a “sorceress” for her uncanny ability to make permit ...

Trump, Canada’s Trudeau talk trade at WH meeting

WASHINGTON (AP) — President Donald Trump and Canadian Prime Minister Justin Trudeau sought to demonstrate a united front Thursday in the uphill effort to get a replacement for the North American Free Trade Agreement over the finish line. At Trump’s insistence, the U.S., Canada and Mexico ...

Business Briefs for June 17

Avera named to Forbes’ Best-In-State Employers List Avera has been named to the inaugural Forbes list of America’s Best-in-State Employers 2019. Avera is ranked No. 1 in South Dakota and in the Top 20 in Minnesota. Based on an independent survey, researchers made the list from a vast ...

Mnuchin: 2020 deadline for Tubman $20 bill not possible

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin on Friday called “completely erroneous” a published report that an initial 2020 deadline for completing the design of a $20 bill featuring Harriett Tubman could have been met. Mnuchin told a congressional committee last month that the ...

Stocks post small losses; investors look ahead to Fed

NEW YORK (AP) — Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates. Technology shares drove the declines, and energy stocks also fell a day after leading the market. Some late-day gains in ...

U.S. hiring slows amid trade rifts, weaker global economy

WASHINGTON (AP) — U.S. hiring stumbled in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of weaker global growth, widening trade conflicts and perhaps some difficulty finding enough workers. Last month’s modest job gain followed a ...

US stock market notches best week since late November

Wall Street turned the page on a painful May in the stock market by notching its best week since late November. Stocks climbed for a fourth consecutive day Friday, capping a week of gains that reversed most of the losses in May, when President Donald Trump’s tariff threats escalated trade ...