Business and Economic News

August 29, 2023 8:24 AM

3M announces $6B deal to settle claims over earplugs

3M on Tuesday announced it has reached a $6 billion settlement over thousands of claims related to its Combat Arms earplugs, sold to the U.S. military for hearing protection.

by Tim Nelson

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August 29, 2023 7:40 AM

Best Buy and the reluctant shopper. Sales fall as Americans pull back on spending

Best Buy sales and profits slid in the second quarter as the nation’s largest consumer electronics chain continues to wrestle with a pullback in spending on gadgets after Americans splurged during the pandemic.

by The Associated Press

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August 29, 2023 7:30 AM

Soy powered planes? Minnesota hopes to be a hub for sustainable aviation fuels

Businesses collaborate to create sustainable aviation fuel hub in Minnesota. The goal is to increase production of low-carbon fuel in an effort to bring down the cost.

by Dan Gunderson

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August 29, 2023 4:00 AM

There's a labor shortage in the U.S. Why is it so hard for migrants to legally work?

The wait time for an asylum-seeker in the U.S. to get a work permit is at least half a year. City governments across the country are pressing the federal government to change that.

by Jasmine Garsd

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August 28, 2023 10:12 PM

U.S. fines American Airlines for dozens of long tarmac delays

The U.S. Department of Transportation said Monday it is the largest such fine against an airline since rules covering long ground delays took effect about a decade ago.

by The Associated Press

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August 28, 2023 10:53 AM

Minnesota manufacturer finds gold in green hydrogen, electrolyzers

A manufacturing facility in Fridley, Minn., has been getting national attention from green energy advocates, including President Joe Biden, because of its production of electrolyzers, which are key to producing hydrogen using renewable energy.

by Mark Zdechlik

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August 26, 2023 8:48 AM

How high tensions between China and the U.S. are impacting American companies

Commerce Secretary Gina Raimondo is set to travel to China at a time when U.S. executives and investors are facing increasing uncertainty and risk doing business there.

by David Gura

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August 25, 2023 1:50 PM

Sandwich chain Subway will be sold to fast-food investor Roark Capital

Private equity firm Roark specializes in franchised businesses and backs two holding companies that own multiple restaurant chains that include Arby's, Jimmy John's and Cinnabon.

by The Associated Press

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August 23, 2023 4:01 AM

What is 'skiplagging' and why do the airlines hate when you do it?

A lawsuit brought by American Airlines against the ticketing site Skiplagged.com is bringing renewed attention to a controversial travel hack that some people have tried in an effort to save money.

by Scott Neuman