From the editors of Twin Cities Business:
Although Minnesota’s private sector added 2,500 jobs in June, the growth was offset by a 2,100-job loss in government. Meanwhile, the state’s unemployment rate reached a post-recessionary low of 5.2 percent.
The writers of the nation’s tax code said they want to start with a “blank slate.” But Minneapolis-based Thrivent Financial and other “fraternal benefit societies” are making a push to ensure they remain tax-exempt.
St. Paul-based Hubbard will gain five stations each in Seattle and Phoenix, which it said are the 13th- and 14th-largest U.S. radio markets, respectively. It’s buying the stations from Sandusky Radio.
Mayo Clinic ranked third in the country, while four other Minnesota hospitals earned a “national ranking” on this year’s list from U.S. News & World Report.
Patrick Kiley solicited investments for Trevor Cook’s $190 million Ponzi scheme through his radio show. In addition to the prison sentence, he and his co-defendants were ordered to pay $155.4 million in restitution.