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Business and Economic News

Homeware giant Bed Bath & Beyond has filed for bankruptcy

Homeware giant Bed Bath & Beyond has filed for bankruptcy

The retailer, which also owns the BuyBuy Baby chain, has lost shoppers and money after a series of ineffective or mistimed turnaround attempts. It has also exhausted numerous financial lifelines.
by Alina Selyukh

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BuzzFeed to close news division, cut 15 percent of all staff

BuzzFeed to close news division, cut 15 percent of all staff

Pulitzer Prize winning digital media company BuzzFeed will shut down its news division cuts another 15 percent of its staff across the company, adding to layoffs made earlier this year.
by The Associated Press

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Area codes? Minnesota soon will have one more: 924

Area codes? Minnesota soon will have one more: 924

Residents of southern Minnesota will soon have a second area code option, in addition to the longstanding 507. It’ll be the state’s first new area code in more than two decades.
by Andrew Krueger

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Netflix will end its DVD-by-mail service

Netflix will end its DVD-by-mail service

The DVD service, which still delivers films and TV shows in the red-and-white envelopes that once served as Netflix's emblem, plans to mail its final discs on Sept. 29.
by The Associated Press

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Medtronic announces plans to reduce global workforce

Medtronic announces plans to reduce global workforce

Medtronic says it’s reducing its global workforce, with layoffs starting Tuesday, amid economic and supply chain headwinds. The company has more than 11,000 employees in Minnesota, and nearly 100,000 worldwide.
by MPR News Staff

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Black entrepreneurs say Minneapolis 'Wildest Dreams Expo' was bad for business

Black entrepreneurs say Minneapolis 'Wildest Dreams Expo' was bad for business

Dozens of business owners said the expo organized by the city of Minneapolis to celebrate and uplift Black entrepreneurship actually hurt them. They said the poorly attended event cost them money they couldn’t afford to lose, and according to city records, tens of thousands of dollars in contracts flowed to businesses based outside of Minnesota.
by Jon Collins

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Jailed U.S. reporter in Russian court to appeal detention

Jailed U.S. reporter in Russian court to appeal detention

Jailed American journalist Evan Gershkovich has appeared in a Moscow court to appeal his detention on spying charges. His detention is part of a sweeping Kremlin crackdown on dissent amid the war in Ukraine. 
by The Associated Press

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