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Business and Economic News

Unhappy 10th anniversary, Great Recession. You still hurt us

Unhappy 10th anniversary, Great Recession. You still hurt us

The Great Recession began exactly one decade ago this month. Although the economy has been growing steadily for years, the downturn's impact is still deeply felt by millions who lost homes and jobs.
by Marilyn Geewax

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PBS host Tavis Smiley suspended after sexual misconduct investigation

Variety reports Smiley had sexual relationships with subordinates who were afraid their jobs were on the line. Smiley is the second PBS talk show host suspended in the wake of misconduct allegations.

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As 'net neutrality' vote nears, some brace for a long fight

As 'net neutrality' vote nears, some brace for a long fight

As the federal government prepares to unravel sweeping net-neutrality rules that guaranteed equal access to the internet, advocates of the regulations are bracing for a long fight.
by The Associated Press

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GOP says it's got a deal on taxes; cuts coming for next year

GOP says it's got a deal on taxes; cuts coming for next year

The legislation, which is still being finalized, would cut the top tax rate for the wealthy from 39.6 percent to 37 percent, slash the corporate income tax rate from 35 percent to 21 percent and allow homeowners to deduct interest only on the first $750,000 of a new mortgage.
by The Associated Press

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Met Council hands over its last contract offer to transit workers

The transit workers union has demanded higher pay and safety measures for bus drivers, among other things. The offer comes after months of state-led mediation between the union and the Metropolitan Council.
by Peter Cox

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PolyMet offers state $544M if it couldn't pay for mine cleanup

PolyMet offers state $544M if it couldn't pay for mine cleanup

The "financial assurances" package is a kind of damage deposit made to protect taxpayers from having to cover the costs of shutting down and cleaning up the proposed northern Minnesota mine.
by Dan Kraker

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Target spends $550 million on same-day delivery firm

Target spends $550 million on same-day delivery firm

Target is paying more than half a million dollars to acquire a same-day delivery firm. It's the latest move to keep up with rival Amazon.com.
by Martin Moylan

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Prominent New York restaurateur accused of sexual misconduct

According to the report, several women who worked for Ken Friedman at the Spotted Pig restaurant said he regularly subjected them to unwanted sexual advances and groping.
by The Associated Press

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