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Business and Economic News

Coinbase said cyber crooks stole customer information and demanded $20 million ransom payment

Coinbase said cyber crooks stole customer information and demanded $20 million ransom payment

Coinbase, the largest cryptocurrency exchange based in the U.S., said Thursday that criminals had improperly obtained personal data on the exchange’s customers for use in crypto-stealing scams and were demanding a $20 million payment not to publicly release the info.
by The Associated Press

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Medtronic lays off employees at Coon Rapids research lab

Medtronic lays off employees at Coon Rapids research lab

An employee who works at the lab confirmed the layoffs.  He said about 20 people were let go this morning, and he was laid off later in the day. 
by Erica Zurek

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ESPN’s new streaming app could replace cable for some but may end up costing them more

ESPN’s new streaming app could replace cable for some but may end up costing them more

ESPN says its long-anticipated subscription plan will cost $29.99 a month. An analyst says that, combined with subscriptions to other stream services, could drive the cost up to the price of cable packages.
by Lydia Calitri

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New Jersey says chemical maker 3M agrees to ‘forever chemical’ settlement worth up to $450M

New Jersey says chemical maker 3M agrees to ‘forever chemical’ settlement worth up to $450M

New Jersey’s attorney general says chemical manufacturer 3M has agreed to pay up $450 million to resolve lawsuits over natural resource contamination stemming from PFAS — commonly referred to as “forever chemicals.”

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As data center concerns heat up, Rochester company develops solutions to keep them cool

As data center concerns heat up, Rochester company develops solutions to keep them cool

The power demands of data centers for cooling have raised concerns about whether utilities and the electric grid will be able to keep up. LiquidCool offers a different solution: covering computer components with fluid, then circulating it to remove heat.
by Kirsti Marohn

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Minnesota lawmakers look to change 2023 law that restricts keys containing lead

Minnesota lawmakers look to change 2023 law that restricts keys containing lead

A bipartisan group of lawmakers say the law needs to change so retailers and manufacturers aren’t shut out of the key making business in Minnesota. The Minnesota Pollution Control Agency supports a timely transition.
by Clay Masters

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