Business and Economic News

Cleveland-Cliffs, Steelworkers reach contract agreement
Cleveland-Cliffs and the United Steelworkers union have reached a tentative agreement on a new, four-year labor contract that covers hundreds of mine workers on Minnesota's Iron Range.
Employers jump into providing care as health costs rise
Corporate America is jumping deeper into the health care its workers receive beyond just giving them insurance cards and a list of doctors they can visit.
Tesla, Musk settle government suit for $40M; Musk to stay CEO
Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company.
Latest hurdle in grueling U.S. daycare hunt: wait-list fees
With demand for high-quality preschools seemingly insatiable yet supply starkly limited in America's most expensive cities, nonrefundable waiting list fees are becoming routine.
Airport workers in New York, New Jersey to receive minimum of $19 per hour
It's being called the highest minimum wage in the country. Thousands of airport workers in New York and New Jersey — baggage handlers, cabin cleaners, people at concession stands — will see their hourly pay rise to $19 by 2023.
Facebook says 50 million accounts affected by security breach
The vulnerability that caused the breach was found Tuesday and was fixed on Thursday night, Facebook says. The company is working with the FBI and conducting an investigation, which is "still in its early stages," the company said.
Farmers in southern Minn. test soil health with buried undies
Burying underwear in a field isn't exactly a scientific test, but farmers have found burying underwear is a fun way to raise awareness around the importance of soil health.
SEC files suit against Tesla's Elon Musk
"Musk's false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla's stock and resulting harm to investors," the lawsuit says.
Uber pays $148 million over yearlong cover-up of data breach
Instead of reporting the hacking intrusion as required, Uber paid the hackers $100,000 after learning of the breach in late 2016.
Council OKs plan to move Minneapolis homeless camp onto Red Lake land
The City Council signed off Wednesday on a plan to relocate a growing homeless encampment along Hiawatha Avenue to property nearby owned by the Red Lake Band of Chippewa. Many challenges remain.