The Wall Street Journal marks the anniversary of the derailment and explosion of an oil train in Lac-Megantic, Quebec, killing 47, with a post and stories about the return of the oil trains to the town. The oil-by-rail issue is well-followed here in Minnesota as the state is a thruway for oil heading east from North Dakota (and in Montana too for trains heading west).
U.S. stock futures are indicated lower after a mixed day in Asia and lower trading in Europe today.
by Evan Ramstad, Digital...7/7/2014 1:23:45 PM
While the market looks set to take a breather today after reaching record levels last week, take a read of what some of Minnesota's most influential investors and money managers have to say about where stocks and bonds are heading in the second half of the year. We contacted our investor's roundtable for a mid-year update.It's the lead story in today's Business section.
by Evan Ramstad, Digital...7/7/2014 1:31:18 PM
U.S. stocks back away from record highs at the start of the trading week. Dow eases 34 points. cnnmon.ie/bkgnews
The Radisson Blu hotel in downtown Minneapolis officially opened today with a 10 a.m. ceremonial ribbon cutting. Formerly known as the Radisson Plaza, the 360-room property received a $28 million makeover to become the second upscale Blu in the Twin Cities. The other is at the Mall of America.
Opening Belz. Business links for the day from Minnesota, the Upper Midwest and the world.
Levels in Lake Superior, Michigan, Huron are on the rebound – StarTribune Detroit’s bellwether neighborhood, the North End – NY Times Political battle over export bank heats up – WSJ Empty big boxes are finding new purposes in Minnesota – StarTribune St. Paul’s Payne-Phalen neighborhood works to fix image problem – Pioneer Press An interesting chart that does in fact compare apples and oranges – Economist ADM to buy ingredient company Wild Flavors for $3 billion – Chicago Tribune In Mexican jungle, it’s tribes vs. biologists – Washington Post Taylor: Why I bought the Star Tribune, what I see for its future – StarTribune