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Business and Economic News

Report: Minnesota paying out $135K annually due to wolf kills

Report: Minnesota paying out $135K annually due to wolf kills

In the last decade, the Minnesota Department of Agriculture has paid out an average of $135,000 on about 110 wolf depredation claims each year.

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Wells Fargo paying $3 billion to settle U.S. case over fraudulent customer accounts

Wells Fargo paying $3 billion to settle U.S. case over fraudulent customer accounts

The bank agreed to settle charges brought by the Justice Department and the Securities and Exchange Commission over accounts, debit cards and other products that customers did not request.
by Scott Horsley

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Enjoy the extra day off! More bosses give 4-day workweek a try

Enjoy the extra day off! More bosses give 4-day workweek a try

The notion of a shorter workweek might sound crazy to overworked Americans, but around the world, companies and even governments are starting to embrace it. The key is fewer meetings and distractions.
by Yuki Noguchi

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Home renovators reap rewards of reuse, recycling

Home renovators reap rewards of reuse, recycling

Hundreds of thousands of tons of construction and demolition waste — much of it from home tear-downs and remodeling jobs — end up in landfills every year. But some homeowners are learning it's environmentally and financially rewarding when those materials are reused or recycled.
by Martin Moylan

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Bogus story of an immigration raid brings chaos to Hmong market

Bogus story of an immigration raid brings chaos to Hmong market

Hmong community leaders are scrambling to set the record straight after an online post falsely claimed that federal immigration agents had arrested hundreds of people at a popular St. Paul market. Its posting set off a frenzy, playing on the fears of a very real proposal by the Trump administration to deport some Hmong and Lao immigrants.
by Riham Feshir

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First, they invented a way to rescue people from grain bin accidents. Now they’re trying to prevent them.

First, they invented a way to rescue people from grain bin accidents. Now they’re trying to prevent them.

They’re ubiquitous in farm country: Tall silver grain bins that are used to store the fall harvest. But they’re also dangerous. Now a western Minnesota family has developed a way to avoid deaths when workers fall in, and they hope state officials will do something to ensure farms have the equipment to prevent accidents altogether.
by Dan Gunderson

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The wide-ranging ways in which COVID-19 is hurting global business

The wide-ranging ways in which COVID-19 is hurting global business

Some factories are beginning to reopen, but labor shortages continue. In a recent poll of U.S. companies by Shanghai's American Chamber of Commerce, 78 percent said they lack staff to resume full production.
by Emily Feng and Amy Cheng

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North Dakota regulators OK expanded Dakota Access pipeline

North Dakota regulators OK expanded Dakota Access pipeline

North Dakota regulators on Wednesday unanimously approved expanded capacity for the Dakota Access pipeline, saying they believed the project had met exhaustive state and federal requirements.
by The Associated Press

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Upper Harbor Terminal: Can Minneapolis invest in its north side without pushing people out of their neighborhoods?

Upper Harbor Terminal: Can Minneapolis invest in its north side without pushing people out of their neighborhoods?

The Upper Harbor Terminal project promises amenities, jobs and economic growth in a working-class part of the city. Many in the ethnically diverse neighborhoods around it worry it will drive them out. Can the project build wealth for current residents without erasing them?

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