Business and Economic News

3M announces plans to cut 1,100 jobs at Maplewood headquarters
Minnesota-based 3M says its plans to cut thousands of jobs worldwide will include about 1,100 employees at its Maplewood headquarters.
Writers Guild of America goes on strike
Members of the Writers Guild of America are asking for a larger piece of the streaming platforms' pie. The WGA said picketing would begin Tuesday afternoon.
Afro Deli owner named national small business owner of the year
Abdirahman Kahin, a native of the east-African nation Djibouti, started with one restaurant near the University of Minnesota’s Minneapolis campus and now has four establishments in the Twin Cities.
Xcel gets $20 million for batteries to store solar, wind power
Breakthrough Energy Catalyst has agreed to commit $20 million in grant funding for the projects. The battery systems will allow Xcel to store renewable energy for later use, when the sun isn't shining or the wind isn't blowing.
General Mills issues flour recall after salmonella discovery
General Mills is recalling 2-, 5- and 10-pound bags of its Gold Medal Unbleached and Bleached All Purpose Flour with a “better if used by” date of March 27, 2024, and March 28, 2024.
JPMorgan Chase buys troubled First Republic Bank
JPMorgan Chase is buying First Republic Bank's deposits, and a "substantial amount of their assets and certain liabilities," after the troubled bank was placed in the FDIC's receivership overnight.
Have tech skills, will work. Why IT jobs remain hot despite mass layoffs
The number of openings in the technology field is still high, and tech jobs continue to be attractive to workers looking for stable, lucrative careers.
Airbnb let its workers live and work anywhere. Spoiler: they're loving it
Airbnb says its Live and Work Anywhere policy is all about winning the global war for talent. A year in, the company and its workers are reaping all sorts of added benefits.