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Business and Economic News

Disney CEO Bob Iger steps down in surprise announcement

Disney CEO Bob Iger steps down in surprise announcement

Disney CEO Bob Iger is stepping down immediately. The surprise announcement Tuesday makes Iger executive chairman, a role he'll keep through the end of his contract at the end of 2021.
by The Associated Press

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'Momma on a mission' backs Walz's call for farm safety money

'Momma on a mission' backs Walz's call for farm safety money

Gov. Tim Walz has proposed more funding to reduce farm accidents by reimbursing farmers who retrofit their tractors and grain bins with safety equipment. He was joined at a news conference by Michele Gran, the mother of Landon Gran, who was 18 when he died in a grain bin accident last August.
by The Associated Press

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Some U.S. farmers boxed in by coronavirus outbreak

Some U.S. farmers boxed in by coronavirus outbreak

Fewer ships from China are docking in the U.S., which hurts U.S. farmers who send exports on the ships' return trips. And perishables that do make it sometimes rot on the docks in China.
by Anna King

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Dow tumbles more than 1,000 points on coronavirus fears

Dow tumbles more than 1,000 points on coronavirus fears

U.S. stocks fell sharply Monday as investors worried about a growing number of coronavirus infections outside China, and possible fallout for the global economy.
by Scott Horsley

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An Airbnb for farmland hits a snag, as farmers raise data privacy concerns

An Airbnb for farmland hits a snag, as farmers raise data privacy concerns

The internet startup Tillable wants to match farmers with farmland available for rent. The problem? Farmers already on that land fear their farm data is being used against them.
by Dan Charles

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Trump signals he's prepared to give farmers more federal aid

Trump signals he's prepared to give farmers more federal aid

Agriculture Secretary Sonny Perdue had said that a third year of financial assistance would not be necessary since China had committed to increasing its agriculture purchases under a trade deal. But China’s economy is being rocked by the new virus.
by The Associated Press

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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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