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Minnesota unemployment rate holds steady at 3.7 percent

Plus: General Mills acquisition speculation; final request for witnesses in Jamar Clark’s death; how many are too many Minneapolis bike lanes; and more.

MinnPost photo by Rita Kovtun

The Minnesota Department of Employment and Economic Development announced Thursday morning that the seasonally adjusted unemployment rate in Minnesota held steady at 3.7 percent in January. DEED Commissioner Katie Clark Sieben: “Despite job losses in January, the state labor market remains on a growth track, with eight of the 11 major industrial sectors adding jobs over the past year.”

Tara Lachapelle at Bloomberg speculates Brazilian billionaire Jorge Paulo Lemann, scouting for 3G Capital's next big acquisition, may have his sites set on either Mondelez or General Mills: "Should 3G pursue a deal for General Mills, that could drum up old talk of whether Nestle should bid, too. Nestle shareholder Gabelli Funds, a unit of Mario Gabelli's Gamco Asset Management, has suggested a Nestle-General Mills mega-merger in the past."

Steve Brandt at the Star Tribune wades into the contention over how many bike lanes is sufficient for Minneapolis: "With 226 miles of bike lanes in place — and drivers often raising a chorus of concern when a street cedes space to bike lanes — some are wondering, how much is enough?… Rep. Steve Drazkowski, R-Mazeppa, called the city’s bike lanes an example of 'excessive and overzealous' spending."

Mike Durkin at FOX 9 is passing along one final request by the Hennepin County attorney’s office and Minnesota Bureau of Criminal Apprehension for witnesses and evidence in the shooting death of Jamar Clark: "If anyone was a witness to the Nov. 15 shooting and has not talked to investigators, please contact the BCA at 651-793-7000 and ask to speak with an agent."

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Lisa Kaczke at the Duluth News Tribune reports a final concept plan for a smaller Lake Superior Zoo is moving forward with the full support of Parks and Rec: "The concept calls for new or transformed animal exhibits, and includes changing the former Polar Shores exhibit to house brown bears. An indoor play area is expected to be added to the main building to boost admissions during winter."

The St. Cloud Times reports a California man was taken into custody by a Sauk Centre police officer after a K-9 found 48.5 pounds of marijuana in three large duffel bags in the man's car.

In other news…

The greatest romance ever sold. Prince's ex-wife putting prized memorabilia (including her diamond engagement ring and a classic Gibson acoustic guitar) up for auction. [Star Tribune]

The Rochester Street Crimes Unit has arrested a 41-year-old man they say has been trafficking women for sex. [Rochester Post Bulletin]

Arrivederci. Scusi, the Italian restaurant in the old Heartland space on St. Clair Avenue, will close and reopen as a new concept. [Pioneer Press]

All in favor, raise what's left of your hand. A Minnesota House panel has advanced legislation to expand the legal use of fireworks. [MPR News]

Yeah, that's exactly what shoppers want. Target is looking to hire 20 people for mysterious start-up called Goldfish "bent on disrupting the way people shop." [Star Tribune]

Happy 30th Anniversary, Summit Brewing! [Summit]

Snacktime in the eagle's nest:

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