Business news on Minneapolis, St. Paul, the Twin Cities metro area and Minnesota |

Border adjustment tax dropped from GOP budget plans

Autozone CEO Bill Rhodes, at the microphone, and Target CEO Brian Cornell, at left, and other executives visited the White House in February to raise concerns about a border adjustment tax.

GOP budget drops the tax that Target CEO called "an unproven and untested theory."

Forbes: Amazon CEO Bezos was briefly the world's richest man founder and CEO Jeff Bezos for a brief period Thursday had a bigger net worth than his Seattle neighbor Bill Gates. File photo shows Bezos and Gates shaking hands at a 2001 tennis pro-am with Pete Sampras, obscured behind Bezos and Andre Agassi next to Gates.

Amazon CEO Jeff Bezos briefly became the world's richest man Thursday in Forbes magazine's tracking of wealth, as stock in his e-commerce company hit an all-time high.

FirstService Residential buys Paradise & Associates

Administrator appointed to oversee some of embattled Minneapolis landlord's properties

More than 400 apartment units get new administrator as landlord Stephen Frenz faces foreclosure action.

Foxconn deal may cost Wisconsin $230,700 per new worker

The Legislature could approve up to $3 billion in state tax breaks as early as August.

AP Explains: What is Venezuela's constituent assembly?

'Social cost' of carbon dioxide emissions from power plants increased

Since the 1990s, Minnesota has been one of just a handful of states to try to quantify the economic impact of the greenhouse gases behind climate change.

Wallin Education Partners has helped close opportunity gap for 4,400 college kids
Inside Track

The late Win Wallin's nonprofit has invested more than $50 million in Twin Cities high school grads, disproportionately minority kids of color, who graduate college at a 93 percent rate.

Brilliant Reflective promotes reflective strips for safety
Inside Track

The Oakdale company is donating 250,000 packs of reflective strips to schools, teams and event organizers.

Mall of America shuts down amusement ride after Ohio fair death

Mall officials said they did not know when the ride will reopen.

Yes, you can buy happiness - if you spend it to save time

Yes, you can buy happiness — especially if the money saves you time.

St. Paul to sell Payne Avenue lot for affordable housing, commercial project

Schafer Richardson and developer Peter Brodd for the city-owned parcel between the Ward 6 restaurant and Kendall Ace Hardware.

Henneman to succeed Theobald as Mairs & Power CEO

Mark Henneman, currently chief investment officer, will be Theobald's successor.

Reopened Iron Range sites help Cliffs Natural Resources boost quarterly results

The United Taconite site reopening, plus the addition of a new processing facility, helped double profits for the quarter.

Well-known Mpls. restaurants add health care surcharge

Owner of Barbette, Bryant Lake Bowl and other locales said she opted for surcharge, rather than "raising prices here and there" on menu items.

Boston Scientific to seek U.S. approval of troubled valve system by year's end

Medical surgical supply sales offset slower growth in implantable devices, the company reported.

Software helps N.Y. renters get the dish on potential landlords

Landlords know a lot about renters, but now the shoe is on the other foot.

Justice Dept. weighs in against workplace protections for gays

Civil rights advocates criticized the filing not only for its arguments, but also for its timing just as President Trump said transgender people would be banned from the military.

Xcel Energy profit easily tops estimates as rate hikes help margins

The utility benefited from rate increases that took hold in Minnesota, Wisconsin, Texas and New Mexico.