Story archive for
Andrew Haeg
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| Date |
Title |
Description |
| 05/10/2001 |
Ford Officials Reassure Local Workers |
Ford Motor Company executives and shareholders are in St. Paul for the company's annual meeting. CEO Jacques Nasser and Chairman William Ford addressed a range of challenges facing the company, from improving environmental standards to raising the fuel efficiency of Ford vehicles. They also reiterated a commitment not to close the company's St. Paul facility in the next few years. |
| 05/03/2001 |
Papers and the Profit Squeeze |
The economic slowdown is sparking cost-cutting campaigns at newspapers nationwide. In the Twin Cities, both the Star Tribune and the Pioneer Press have announced plans to reduce expenses. But as newspapers look for ways to respond to profit-hungry investors, concern is growing that the measures may threaten their ability to carry out the mission of informing the public. |
| 04/25/2001 |
Giving High Tech a Boost |
HeAlong partisan lines, a House committee approved a wide-ranging $6.3 billion health and human services funding bill. Democrats say it neglects children's health, teen pregnancy prevention and welfare recipients. It also includes an abortion provision that Gov. Ventura has threatened to veto. |
| 04/23/2001 |
3M Cuts Thousands of Jobs |
3M reported a seven-percent drop in earnings in the first quarter and said it will eliminate 5,000 jobs over the next 12 months as it consolidates and streamlines the company to increase speed and productivity. At least one analyst says more job cuts will come. |
| 04/19/2001 |
Flood's Economic Impact Won't Disappear with the Water |
For the most part, communities along the Mississippi River have averted catastrophic flood damage, thanks in part to timely dike construction and sandbagging. State and federal offices are only now adding up the economic impact of the high waters, and one official estimates the bill from property damage alone will top $11 million. But that doesn't tell the full tale. Businesses that rely on the river to move raw materials or finished products are suffering. |
| 04/18/2001 |
Fate of NWA Contract is Uncertain |
Members of the Aircraft Mechanics Fraternal Association are gathered Wednesday to hear the details of their tentative contract with Northwest Airlines. If the union's almost 10,000 workers approve the deal, it would end more than four years of acrimonious talks. But Northwest's separate announcement - that its loss in the latest quarter nearly tripled to $123 million - highlights the difficult conditions the airline faces. |
| 04/10/2001 |
Union Must Sell Agreement to Northwest Mechanics |
Northwest Airlines and its mechanics union are awaiting a vote by union members, to see if a tentative contract agreement reached early Monday morning will end their more than four-year-old labor dispute. |
| 12/15/2000 |
Is a Downturn in Our Economic Future? |
The Minneapolis Federal Reserve office says the state's economy should continue to grow, but not as fast as it did in the last year. Others say the Fed's predictions are too optimistic, and consumers and investors should be prepared for a downturn and maybe a recession. |
| 12/12/2000 |
Electric Demands Could Exceed Minnesota Capacities |
The state Department of Commerce predicts demand for electricity in Minnesota will outstrip supply in five years. Now business leaders and others are urging state regulators to prevent a shortfall without permitting big price hikes. |
| 12/05/2000 |
McNerney's Challenge in the 'Culture of Innovation' |
General Electric executive James McNerney will be 3M's new CEO. In announcing the move, 3M ended months of speculation over who would take over when current CEO L.D. DeSimone retires. McNerney's challenge will be to apply General Electric's decisive, profit-centered management philosophy to 3M's culture of innovation. |
| 11/20/2000 |
Painful E-Lessons for Internet Workers |
The dot-com boom seemed too good to be true; it was. The tech-heavy NASDAQ is down 35 percent from its high last March. Nationally, 22,000 employees of Internet companies have been laid off, and scores of dot-coms have closed their doors. In the Twin Cities, once high-flying firms Internet firms - including Net Perceptions and Techies.com - have laid off hundreds of staffers. Now these companies are trying to do something different: turn a profit. |
| 10/27/2000 |
Trade Mission Turns to Agriculture |
Agriculture was the focus as Gov. Jesse Ventura's trade mission to Mexico entered its final day. Governor Ventura and Minnesota agricultural representatives visited the city of Guadalajara, where they toured a food processing plant and met with local government officials. Minnesota farm cooperatives along on the trip are hoping the contacts will help their members find new markets for their crops. |
| 10/26/2000 |
No Politics, Just Business |
Gov. Jesse Ventura spent a final day in Mexico City Wednesday, meeting with President-elect Vicente Fox. Later he went to a hospital to see how technology, developed by Twin Cities-based Medtronic, is helping victims of epilepsy and Parkinson's disease. |
| 10/25/2000 |
Has NAFTA Helped Minnesota? |
Representatives from more than 40 Minnesota companies and agricultural concerns say they're getting into the serious business portion of a six-day trade mission to Mexico led by Gov. Jesse Ventura. Ventura says the time is right, six years after the signing of the North American Free Trade Agreement, for Minnesota companies to boost trade with Mexico. |
| 10/24/2000 |
Ventura Lays Business Building Blocks in Mexico |
Gov. Jesse Ventura has completed the first official day of his six-day trade mission to Mexico. Ventura met outgoing Mexican President Ernesto Zedillo at the Mexican Presidential Palace and later gave a speech to the American Chamber of Commerce in Mexico City. He and many Minnesota company representatives who've joined him on the trip, finished off the evening at a reception at the residence of the U.S. ambassador to Mexico. |
| 10/23/2000 |
Ventura Visit Comes at Momentous Time |
Governor Ventura embarks on the first full day of his Mexican trade mission. His visit comes at a momentous time in the country's history. For the first time in 71 years, the dominant political party is handing over power to an opposition leader. |
| 10/12/2000 |
The Banking Brothers |
When Milwaukee-based Firstar agreed to acquire U.S. Bancorp, the deal attracted national attention, not least because the CEOs of both banks - Jerry and Jack Grundhofer - are brothers. It's younger brother, Jerry's, company - Firstar - that's taking over Jack's bank. While Jack will serve as chairman until 2002, Jerry, as CEO and president, will run the show. |
| 07/26/2000 |
Minnesota Minorities and Entrepreneurship: Financing A New Business Community |
For the past ten years, a St. Paul social services agency has operated a preschool program for children traumatized by abuse or family instability. Agency officials say these economically deprived children are too troubled to enroll in Head Start or other programs. This early intervention effort tries to prevent later academic and social problems in school. And the demand is far greater than what the program can accommodate. |
| 07/17/2000 |
General Mills Aquires Pillsbury |
General Mills has made it official, it's acquiring hometown rival Pillsbury from British foods company Diageo for $10.5 billion. Transcontinental dealings such as this are nothing new to the Twin Cities food business. |
| 06/09/2000 |
Hotel Strike a Possibility in Twin Cities |
Members of the Hotel Workers Union Local 17 rallied in downtown Minneapolis to dramatise their vote last night to reject a wage and benefits offer from the management of nine Twin Cities hotels. The union says they will go out on strike unless the hotels improve their offer. Workers and supporters were joined by Reverend Jesse Jackson, Senator Paul Wellstone, and others who led a surprise attempt to bargain with management. |
| 06/02/2000 |
NWA Merger Would Have Massive Impact |
Reports of a possible merger are making some wonder what would happen if Northwest moved its headquarters from the Twin Cities and no longer used the airport here as its hub. And others say consumers will pay the price of consolidation. |
| 04/14/2000 |
Minnesota Layoffs Increasing |
Despite record-low unemployment in Minnesota and nationally, corporations are laying off substantial numbers of workers. Many turn to the state for help in getting new job skills, but that option may not be available much longer. |
| 02/18/2000 |
The Digital Desert |
Access to high-speed communications is becoming increasingly important for business and consumers. But some people, including Governor Jesse Ventura, say the state's laws governing telephone and cable television companies are badly out of date. That's why the Legislature is considering competing proposals aimed at bringing Minnesotans lower prices and more services. |
| 02/14/2000 |
A Trip to the Grocer-E |
Some Twin Cities residents can now buy groceries over the Internet, thanks to a new company called SimonDelivers. The company says it's signing people up at a fast pace, but it's also experiencing growing pains that illustrate why the online grocery business is so tough. |
| 12/21/1999 |
The MediaOne Challenge |
Cable television company MediaOne says it is now offering local telephone service to residents of twelve St. Paul suburbs. |
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