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Business and Economic News

'Blindsided': Developer of stalled project blames Mayo Clinic

'Blindsided': Developer of stalled project blames Mayo Clinic

The developer of a much-touted -- but now suspended -- hotel, retail and residential development on prime Rochester real estate blamed Mayo Clinic for launching a competing hotel that put the project at a "considerable competitive disadvantage."
by Catharine Richert

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Amazon CEO Jeff Bezos accuses 'National Enquirer' of extortion over personal photos

Amazon CEO Jeff Bezos accuses 'National Enquirer' of extortion over personal photos

In purported emails posted online by Bezos, executives for National Enquirer parent company AMI threaten to publish intimate photos of Bezos if The Washington Post publishes a story about the tabloid.
by Bill Chappell and Richard Gonzales

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Data center smoke causes outage for Wells Fargo customers

Data center smoke causes outage for Wells Fargo customers

Smoke at Wells Fargo's data center in Shoreview, Minn., left some of the bank's customers without access to online or mobile banking as well as other services Thursday.
by Associated Press

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APM Reports: In cities on the Great Lakes, water pipes are crumbling and poor people are paying the price

APM Reports: In cities on the Great Lakes, water pipes are crumbling and poor people are paying the price

Americans are struggling to afford their rising water bills, and thousands of poor families have had their service shut off. This growing crisis has a dark irony: It's especially acute in a region where water is most abundant -- the Great Lakes.

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BB&T and SunTrust to merge, forming 6th-largest bank in the U.S.

BB&T and SunTrust to merge, forming 6th-largest bank in the U.S.

The new bank is set to have its headquarters in Charlotte, N.C. Both of the banks are calling it a "merger of equals," but the deal is weighted toward BB&T, whose CEO will be in charge.
by Bill Chappell

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Is fear driving sales of dicamba-proof soybeans?

Is fear driving sales of dicamba-proof soybeans?

Some farmers say they're buying a popular new soybean seed partly because they're afraid of crop damage from herbicide drift. A new lawsuit claims the seed maker is violating antitrust laws.
by Dan Charles

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House Democrats take aim at wage theft

House Democrats take aim at wage theft

Legislation addressing employers who don't pay employees the money they've earned was the focus of a hearing Wednesday in the House Labor Committee.
by Tim Pugmire

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4 charged in oil pipeline shutdown attempt

4 charged in oil pipeline shutdown attempt

Prosecutors in northern Minnesota have charged four protesters who allegedly tried to shut down an Enbridge oil pipeline, but brought the wrong tool.
by Associated Press

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