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Business and Economic News

Equifax CEO steps down in the wake of damaging data breach

Equifax CEO steps down in the wake of damaging data breach

The credit reporting agency is ousting CEO Richard Smith in an effort to clean up the mess left by a damaging data breach that exposed highly sensitive information about 143 million Americans.
by The Associated Press

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CSA — with a twist — aims to create 'deeper understanding' of Hmong art, farmers

CSA — with a twist — aims to create 'deeper understanding' of Hmong art, farmers

ArtCrop intends to highlight the importance that agriculture plays in the Hmong culture, while also drawing attention to the parallel challenges that artists and farmers face: That despite value in their work, both often struggle to thrive.
by Nancy Yang

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Does Minnesota really need a new oil pipeline?

Does Minnesota really need a new oil pipeline?

That's the big question facing state regulators as a new round of public hearings begins Tuesday on whether to allow Enbridge Energy to replace its Line 3 pipeline. The state Commerce Department argues it isn't needed, but Enbridge says the need is so critical it's willing to spend over $7 billion to build it.
by Dan Kraker

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U.S. Bank Stadium security firm fired overnight

U.S. Bank Stadium security firm fired overnight

Stadium authority officials said they dismissed Chicago-based Monterrey Security after finding problems, including unlicensed personnel working the venue. Later in the day, state officials voted not to renew the firm's Minnesota license.
by Tim Nelson and Peter Cox

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Target boosting workers' minimum wage to $11 an hour

Target boosting workers' minimum wage to $11 an hour

The $1-an-hour hike comes after intense pressure over the past few years from labor groups and from some competitors. The Minneapolis-based retail giant plans to pay $15 an hour by 2020.
by Riham Feshir

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Goodbye, for now, to a vital source for Native American news

Goodbye, for now, to a vital source for Native American news

Indian Country Today Media Network announced it would "cease active operations." That leaves a big hole in news coverage by, and about, Native Americans.
by Leah Donnella

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Mound man accused in $1 million Ponzi scheme pleads guilty

Authorities say 30-year-old Jeremy Lundin, of Mound, ran a Ponzi scheme from December 2014 through May 2017 through his company, Big Island Capital.

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After massive data breach, Equifax directed customers to fake site

After massive data breach, Equifax directed customers to fake site

The credit reporting agency set up a website to help people determine whether they had been affected by a cyberattack. But on Twitter, Equifax repeatedly pointed people to a phishing site.

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Uber to lose its license to operate in London

Transport for London said Uber demonstrates a lack of corporate responsibility with implications in public safety and security. The car-hailing app is used by 3.5 million passengers and 40,000 drivers in London.
by The Associated Press

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