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Business and Economic News

Alabama school system prepares to sue over 3M contamination

An Alabama school system is taking the first step to sue 3M Co. over a closed landfill that's on school system property. News outlets report that Decatur's school system has filed notice saying it plans to sue over industrial toxins leaking from the one-time landfill that's beneath the former Brookhaven Middle School.
by The Associated Press

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Boeing CEO Dennis Muilenburg to step down immediately

The board said a change in leadership was necessary to restore confidence in the company as it works to repair relationships with regulators and stakeholders. The Max was grounded worldwide in March after the second of two crashes of its jet, killing a combined total of 346 people.
by The Associated Press

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2 years later, Trump tax cuts have failed to deliver on GOP's promises

2 years later, Trump tax cuts have failed to deliver on GOP's promises

President Trump said it would be "rocket fuel for our economy," but the Republican tax cut passed two years ago did not pay for itself as promised — nor did it deliver a sustained boost to growth.
by Scott Horsley

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Nurses urge Fairview Health Services to reveal plans for cuts

Nurses urge Fairview Health Services to reveal plans for cuts

Members of the Minnesota Nurses Association fear cuts to two downtown St. Paul hospitals could have implications across the state, as Fairview Health Services considers how to cut costs to deal with an $80 million net loss this year.
by Nina Moini

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Ryan Companies closes on purchase of Ford Plant site

Ryan Companies closes on purchase of Ford Plant site

Ryan Companies will pay $61 million for the former Ford plant site in St. Paul, and said Thursday that work on a massive development will begin early next year.
by MPR News Staff

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State launches second investigation into Frontier Communications

State launches second investigation into Frontier Communications

The investigation will examine whether the company failed to tell customers about their service options, including allegations that the company added long-distance services without customers' knowledge.
by Riham Feshir

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On census, Facebook and Instagram to ban disinformation and false ads

On census, Facebook and Instagram to ban disinformation and false ads

Under pressure to prepare for 2020 census interference, Facebook says content misrepresenting who can participate and the data the government collects will be banned from its social media platforms.
by Hansi Lo Wang

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Wisconsin governor: No tax credits for new Foxconn plant

Wisconsin governor: No tax credits for new Foxconn plant

Foxconn had originally promised to build a massive flat-screen factory in Mount Pleasant that would eventually employ 13,000 people. But the company said this spring that the factory will be smaller than originally planned.
by The Associated Press

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