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Business and Economic News

50 Cent forgot he took 700 bitcoins for a 2014 album. Now, they're worth $7.5 million

50 Cent forgot he took 700 bitcoins for a 2014 album. Now, they're worth $7.5 million

The rapper 50 Cent agreed to accept bitcoin from people buying his Animal Ambition album. The value of those sales has now skyrocketed: The rapper's holding is worth more than $7.5 million.

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Toys R Us to shutter 180 stores, including 4 in Twin Cities

Toys R Us to shutter 180 stores, including 4 in Twin Cities

Stores in Blaine, Minnetonka, Woodbury and Richfield are reportedly on the list. The store closings will begin in February and the majority of the targeted locations will go dark by mid-April.
by The Associated Press

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5 experts debate America's economic outlook

5 experts debate America's economic outlook

Five influential economists try to answer these questions: What factors are driving the economic boom, and could it last? What impact will deregulation, tax cuts and protectionist trade policies have? Is the stock market too high?
by MPR News Staff

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Kimberly-Clark unveils layoffs, along with $3.3B operating profit

Kimberly-Clark unveils layoffs, along with $3.3B operating profit

Kimberly-Clark plans to cut up to 5,500 jobs - about 13 percent of its workforce - and get rid of 10 manufacturing plants, as its CEO cites "a challenging environment."

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State's only remaining solar manufacturer primed to expand

State's only remaining solar manufacturer primed to expand

The Canadian company Heliene Inc. is expected to receive up to $3 million in state loans to expand its solar module facility on the Iron Range, just as the Trump administration has set steep tariffs on imported solar panels in a bid to boost American manufacturers.
by Dan Kraker

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Trump slaps tariffs on imported solar panels and washing machines

Trump slaps tariffs on imported solar panels and washing machines

The move has met with both praise and criticism from the solar energy industry. Manufacturers lobbied for the tariffs, while solar installers warned that American jobs will be lost.

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McNally Smith came within 'hair's breadth' of reopening

McNally Smith came within 'hair's breadth' of reopening

After McNally Smith College of Music closed in late December, an effort to reopen the school as a nonprofit continued. But the deal fell through at the eleventh hour.
by Peter Cox

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Minnesota lake named for pro-slavery Calhoun gets new name

Minnesota lake named for pro-slavery Calhoun gets new name

The state of Minnesota has approved changing the name of Lake Calhoun in Minneapolis to its original Dakota Indian name of Bde Maka Ska.
by Associated Press

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Climate change burrows its way into business models

Climate change burrows its way into business models

We're talking business this week on Climate Cast -- how climate change affects the way companies work, and the expansion of the hybrid and electric vehicle market.
by Paul Huttner

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