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Business and Economic News

Anne Garrels, longtime foreign correspondent for NPR, dies at 71

Anne Garrels, longtime foreign correspondent for NPR, dies at 71

Longtime NPR foreign correspondent Anne Garrels has died. She was known for her brave work covering war zones and conflicts around the world.
by Lynn Neary

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Behind the numbers for Minnesota's hot job market

Behind the numbers for Minnesota's hot job market

All across Minnesota, businesses are desperate for workers. “We’re hiring” signs seem to be posted in every storefront. Companies are flying in workers from places like Puerto Rico, paying big signing bonuses, and getting into wage wars in a desperate attempt to fill open positions.
by Cathy Wurzer, Julia Franz and Heidi Raschke

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Target drops mandatory CEO retirement age, Cornell to stay

Target drops mandatory CEO retirement age, Cornell to stay

Target CEO Brian Cornell will stay in his position leading the retailer for about the next three years. The company also announced Wednesday that Arthur Valdez, executive vice president and chief supply chain and logistics officer, will retire.
by The Associated Press

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Fox producer's warning against Jeanine Pirro surfaces in Dominion defamation suit

Fox producer's warning against Jeanine Pirro surfaces in Dominion defamation suit

Jeanine Pirro, Tucker Carlson and others are being grilled under oath in a $1.6 billion defamation lawsuit against Fox News for spreading lies about a voting tech company's role in the 2020 elections.
by David Folkenflik

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The IRS says it mistakenly made public data for about 120,000 taxpayers

The IRS says it mistakenly made public data for about 120,000 taxpayers

The data — which included individual names and business contact information — was public on the IRS.gov website for about a year until an employee noticed the mistake recently.
by Juliana Kim

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17 states weigh adopting California's electric car mandate

17 states weigh adopting California's electric car mandate

Seventeen states that tie their vehicle emission standards to rules established in California must decide whether to follow that state’s strict new rules. The legal ground is a bit murkier in Minnesota, where the state’s “Clean Cars” rule has been the subject of a legal fight.
by Steve Karnowski, Associated Press

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Twin Cities farm co-op settles fraud allegations as regulators sue former trader

Twin Cities farm co-op settles fraud allegations as regulators sue former trader

The Securities and Exchange Commission on Friday sued a former CHS trader over allegations that he fabricated hundreds of transportation contracts and inflated the agribusiness cooperative's income by $124 million over five years. The suit comes on the same day that CHS settled with the government and pledged to improve internal controls.
by Matt Sepic

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The economy added 315,000 jobs, showcasing a labor market that is still strong

The economy added 315,000 jobs, showcasing a labor market that is still strong

U.S. employers added 315,000 jobs in August, while the unemployment rate rose to 3.7 percent from 3.5 percent in July. A tight job market gives workers more bargaining power, but it may also fuel inflation.
by Scott Horsley

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