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Business and Economic News

Boeing hits pause on forecasts as 737 Max groundings continue

Boeing hits pause on forecasts as 737 Max groundings continue

The aircraft manufacturer said its profits fell 13 percent in the first quarter as it works through "this challenging time." Boeing said the 737 Max crisis has cost it $1 billion so far.
by Avie Schneider

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When does a minimum wage become too high?

When does a minimum wage become too high?

Does raising the minimum wage kill jobs? No. Not really. But it could. The hunt is on to find the magic number. Here's the evidence.
by Greg Rosalsky

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Minneapolis' Nice Ride bikes launch in a changed market

Minneapolis' Nice Ride bikes launch in a changed market

Besides the traditional three-speed pedal bikes, the nonprofit also hopes to launch a fleet of electric-assist bikes this year. It's the latest effort to respond to a more competitive sharing economy.
by Matt Sepic

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National Press Club: Larry Kudlow's economic forecast

National Press Club: Larry Kudlow's economic forecast

Director of the National Economic Council, Larry Kudlow, speaks at the National Press Club in Washington.
by MPR News Staff

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Cirrus recalls Vision SF50 jet

Cirrus recalls Vision SF50 jet

More than 100 Cirrus jets built in Duluth will need some work before they can safely return to the air. The Federal Aviation Administration has issued an emergency airworthiness directive requiring the immediate replacement of an angle-of-attack sensor on the Cirrus Vision SF50 jet.

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Herman Cain withdraws from consideration for Fed, Trump says

Herman Cain withdraws from consideration for Fed, Trump says

President Trump said Monday that Herman Cain has withdrawn from consideration for a seat on the Federal Reserve's board amid a focus on past scandals and doubts about his qualifications for the role.
by Associated Press

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UnitedHealth clients needed more mental health care; UnitedHealth said no

UnitedHealth clients needed more mental health care; UnitedHealth said no

A federal judge in a California class action suit says Twin Cities-based UnitedHealth Group wrongly refused to pay mental health treatment costs for tens of thousands of customers. The judge said the insurer restricted coverage to protect its bottom line.
by Alisa Roth

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Metro Transit sets single-day ridership record

Metro Transit sets single-day ridership record

The transit agency provided more than 130,000 train rides for the NCAA championship game on April 8.
by Brandt Williams

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