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Business and Economic News

5 takeaways from the massive layoffs hitting Big Tech right now

5 takeaways from the massive layoffs hitting Big Tech right now

Some 200,000 tech jobs have been lost in what is seen as one of the sharpest downturns in the tech industry's history. Here is what you need to know about the mass layoffs in Silicon Valley.
by Bobby Allyn

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Boeing faces a criminal charge of fraud related to deadly 737 Max crashes

Boeing faces a criminal charge of fraud related to deadly 737 Max crashes

The airplane manufacturer will be arraigned in federal court in Texas Thursday as relatives of those killed in two plane crashes seek to overturn an agreement that gave Boeing immunity.
by David Schaper

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America, we have a problem. People aren't feeling engaged with their work

America, we have a problem. People aren't feeling engaged with their work

A new Gallup report finds employee engagement in the U.S. fell in 2022 to 32 percent. Young people in particular reported feeling less cared about at work and having fewer opportunities to learn and grow.
by Andrea Hsu

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Historic St. Paul house, facing demolition, wins reprieve

Historic St. Paul house, facing demolition, wins reprieve

The Justus Ramsey House on West Seventh Street dates back to the 1850s and has ties to Minnesota’s first territorial governor and St. Paul’s Black community. A judge’s temporary restraining order Tuesday stopped the building’s destruction.
by Peter Cox and Kerem Yücel

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Tax the rich? Liberals renew push for state wealth taxes

Tax the rich? Liberals renew push for state wealth taxes

Bills announced Thursday in Minnesota, California, New York, Illinois, Hawaii, Maryland, Washington and Connecticut vary in their approaches to hiking taxes, but all revolve around the idea that the richest Americans need to pay more.
by The Associated Press

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3M cutting about 2,500 manufacturing jobs globally

3M cutting about 2,500 manufacturing jobs globally

Maplewood-based 3M, maker of Post-it notes, industrial coatings and ceramics, is cutting about 2,500 manufacturing jobs worldwide as it looks to align itself with adjusted production volumes. 
by The Associated Press

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As Sanford, Fairview look to push merger forward, questions about UMN’s role remain

As Sanford, Fairview look to push merger forward, questions about UMN’s role remain

The two health care companies have set a March 31 deadline to complete the merger. The U’s medical school dean says he wants the the university to be part of the deal but worries the deadline is too tight to resolve all of its concerns.
by Michelle Wiley

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Bill to extend benefits for laid-off mineworkers passes Minnesota House

Bill to extend benefits for laid-off mineworkers passes Minnesota House

A bill to extend unemployment benefits for more than 400 laid off mineworkers on the Iron Range is headed to Gov. Tim Walz for his expected signature, after it was overwhelmingly passed by the Minnesota House Monday.
by Dan Kraker

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