The U.S. Senate may have 100 members, but only one, Al Franken, has really made his opinion known on the recent cable and telecommunications mergers, bashing the deals between giants like Comcast, Time Warner, and Sprint. While other senators may be holding back, Franken has repeatedly hammered the ... More >>
Minnesota's eighth-largest company is relocating overseas. The New York Times views the move through the lens of federal tax policy and the taxes Medtronic can avoid paying by leaving America, while the company itself cites more benevolent reasons, like access to European markets.In any event, the n ... More >>
Former Republican House Minority Leader and failed 2010 gubernatorial candidate Marty Seifert didn't win his party's endorsement to run for governor this year, but he, along with two other candidates, plans to battle the endorsed candidate, Hennepin County commissioner Jeff Johnson, in a primary.So ... More >>
A half-million cows were worth more dead than alive, and now we're all paying the price
Weeks after the last Ford vehicle build in Minnesota rolled off the Highland Park assembly line, the World Socialist Website writes that the plant's closure is symptomatic of the decline of American manufacturing. The fact that one of the world's leading sources for left-wing news and analysis pi ... More >>
US Bank has enough money to buy five stars -- and a small planet.Hey, all you Occupy Wall Street and Occupy MN kids, can you keep it down for a minute? US Bank is trying to count its money, and you're distracting them.Exhibiting the best worst timing of this young decade, US Bank reported its thi ... More >>
Mark Dayton and Majority Leader Kurt Zellers: We're screwed, let's shake on it.Standard & Poor's is the third of the big three credit ratings agencies to knock down Minnesota's score. In the last three month, the "big three" have been taking big chunks out of Minnesota's financial reputation ... More >>
Wikipedia Thanks, a lot guys -- now our credit's screwed.To get a state budget passed, Minnesota used a bit of tricky accounting -- a lot of borrowing here, a lot of delayed payments there -- to make the numbers work on paper. The tricks didn't fool Moody's Investor Service, the premiere credit r ... More >>
Minnesota's excellent credit rating got knocked off its feet yesterday by Fitch Ratings, thanks to the government shut down. We've gone from a triple-A rating to double-A plus. The upshot is that the state will have to pay higher interest rates when it borrows money. But before everyone sta ... More >>
Mr. T in DCTarget warns employees of the union menaceEmployees at least one New-York-area Target store are trying to join a union, complaining of wages and hours that have forced some into depending on food stamps to feed their families. Target doesn't have any unionized stores, and the abse ... More >>
After 101 years as a staple of the Twin Cities' cultural community, the Southern Theater stands in serious mud. With a rapidly approaching deadline and a grand sum of money necessary to keep the doors open and the artists working, things don't look good.
Al Franken loses the Comcast-NBC merger fight.The Comcast-NBC Universal merger got an official green light today from the Federal Communications Commission, paving the way on a 4-1 vote for another major consolidation in the telecom industry. It's a merger that Al Franken has battled from th ... More >>
Milwaukee Archbishop Jerome E. ListeckiThe Archdiocese of Milwaukee has been beset in recent years by its connections to pedophile priests who sexually abused children left in their safe keeping. Now it's paying the price. Today, the archdiocese declared Chapter 11 bankruptcy, and flatly laid th ... More >>
Mo PerryPsycho's pre-move "liquidation sale" features $2 drinks!Psycho Suzi's owner Leslie Bock is hosting a liquidation sale--i.e., "all liquid must go"--next Monday and Tuesday before closing down Suzi's 2519 Marshall St. NE location at midnight of the second day. Bock plans to reopen Psych ... More >>
We'll see if any of this impacts the Pioneer Press newsroom in the long run.
Little Szechuan's former chef says he was fired and locked out by the restaurant.
Tuesday's five most fascinating stories printed on wood pulp.
Maybe this sign was a sad prediction of the days to come for Tom Petters and his merchandise empire.
More bad news for Minneapolis-based Target. We're still shocked how much people love Wal-Mart.
Wachovia agreed to be acquired by San Francisco-based Wells Fargo & Co. in a $15.1 billion all-stock deal, but Citi insists the ... More >>
Bored with words? Like to look at graphs instead? Still want to follow the burgeoning newspaper financial crisis? Longtime journalist and current CEO Alan Mutter has created a handy tool just for you.
Pity Northwest's flight attendants--they just can't catch a break in the ongoing drama that is the airline's use of bankruptcy proceedings to undo itself of its burdensome agreements with its unions.
At conservative think tank, staffers stand up for ex-boss, get canned
No surprise there. Here is the text of the note that David Schneiderman of Village Voice Media sent to CP publisher Mark Bartel around noon today: I am pleased to inform you that the Department [of] Justice has approved our merger with New Times. We expect to close in about a month or so. The work ... More >>
Donna Gimbut, principal owner of Living Out Media Group and Three Dollar Bill, has filed for federal bankruptcy protection. The Minneapolis-based companies published gay and lesbian services directories in at least six cities around the country, as well as Living OUT, a local bi-weekly newspaper.
The company that publishes The Village Voice and five other alternative newspapers [including City Pages] is to announce today an agreement to be acquired by New Times Media, the largest publisher in the market. The deal would create a chain of 17 free weekly newspapers around the country with a com ... More >>
Airlines go for broke while executives take the cash
Moody's downgrades American Express Financial spinoff Forget the numbers. I have no concrete explanation for why Moody's Investors Service today downgraded the debt rating for Minneapolis-based American Express Financial Corp. I have no pretense that anyone cares. But I feel compelled to point out ... More >>
A political snipe-fest drowns out residential harmony in Minneapolis's up-and-coming Central neighborhood
Consumer advocates say the merger of Norwest and Wells Fargo is a match made in hell
Strib Unions were gearing up to negotiate new contracts in the next year. But with Cowles up for sale, will the unions will be around then?
A newly rehabilitated--and temporarily stabilized--Northwest Airlines is poising itself for the next round of industry mergers and acquisitions.