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MN Banks: Q1 Profits Up, Loan Quality Down

A senior vice president with the Federal Reserve Bank of Minneapolis told Minnesota Public Radio that the state’s banks are almost past the crisis period that began during the financial meltdown.

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Commercial Real Estate Leaders Become Slightly Pessimistic

Fifty local commercial real estate leaders-asked about their expectations for future vacancy rates, rental rate growth, development costs, and financing for new projects-have changed their two-year outlook from slightly optimistic to slightly pessimistic.

MN Jobless Rate Dips to 5.6%, But 3,100 Jobs Were Lost

The state's monthly job estimate, which is based on a survey of roughly 3,000 employers, found that Minnesota lost 3,100 jobs in April. But a state official said that the estimate likely misrepresents the state's employment picture, and he expects the job figure to be revised upward.

Strike Averted: Hospitals, Workers Reach Tentative Deal

The union representing 3,500 hospital employees said it wouldn't reveal the details of the tentative agreement until members had an opportunity to review and vote on them; the deal comes a day after 91 percent of the employees voted to strike.

MN Developer Jeff Wirth Pleads Guilty to Tax Fraud

The Wirth Companies owner Jeffrey Wirth admittedly conspired with his ex-wife and their tax preparer to evade federal taxes, funnel money out of the company, and use the funds for personal expenses, including the building of a mansion on Lake Minnetonka.
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