Business and Economic News

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.
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.
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.
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.
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. 
David's Bridal files for bankruptcy for the second time in 5 years
CEO James Marcum said the COVID-19 pandemic has greatly impacted its finances. During that time, the company was still spending on rent on its brick and mortar stores and factories were shut down.
Canada's public broadcaster pauses Twitter after 'government-funded media' label
The Canadian Broadcasting Corporation paused its use of Twitter after the social media platform stamped CBC's account with a label the public broadcaster says is intended to undermine its credibility.