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Business and Economic News

PUC orders Xcel Energy to refund customers for 2011 Sherco outage costs

PUC orders Xcel Energy to refund customers for 2011 Sherco outage costs

A major mechanical failure at the Sherco coal-fired power plant caused a fire and extensive damage in 2011. An administrative law judge recently found that Xcel’s failure to prudently operate and maintain Unit 3 contributed to the accident.
by Kirsti Marohn

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The 3rd Precinct keeps showing up in the GOP playbook. Minneapolis wants to turn the page

The 3rd Precinct keeps showing up in the GOP playbook. Minneapolis wants to turn the page

Speaking outside the former 3rd Precinct in Minneapolis this week, Republican vice presidential candidate JD Vance criticized Gov. Tim Walz for his response to civil unrest in 2020, painting a picture of a burned-down city with rampant crime. He isn’t the first politician to do so this campaign season. Many nearby residents and business owners who have worked to rebuild hope he’s the last.
by Estelle Timar-Wilcox

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Small business disaster loan program is out of money until new funds are approved

Small business disaster loan program is out of money until new funds are approved

The SBA’s disaster loan program has run out of money, it announced on Tuesday. The agency expects to receive new funding from Congress, and will continue to accept applications in the meantime.
by Andrea Hsu and Miguel Macias

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Trump uses interview on economics to promote tariffs and riff on his favorite themes

Trump uses interview on economics to promote tariffs and riff on his favorite themes

Donald Trump has seized on an opening to sound his frequent argument that imposing huge tariffs on foreign goods would amount to an economic elixir — one he claims would raise enormous sums for the government, protect U.S. firms from overseas competition and prod foreign companies to open factories in the United States. 
by The Associated Press

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Walgreens will close 1,200 stores, hoping for a turnaround

Walgreens will close 1,200 stores, hoping for a turnaround

Walgreens says about a quarter of its stores are unprofitable. Big pharmacy chains are struggling with growing retail competition and lower prescription payouts.
by Alina Selyukh

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Petroleum drilling technology is now making carbon-free power

Petroleum drilling technology is now making carbon-free power

A new technique for harvesting geothermal energy being pioneered in Utah has passed a significant milestone: Southern California Edison has contracted for enough of the energy to power 400,000 homes.
by David Condos

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