Business and Economic News

Sarah Palin sues New York Times, says editorial defamed her
The Times editorial, which was corrected later, linked one of Palin's political action committee ads to the mass shooting in January 2011 that severely wounded then-Arizona Rep. Gabby Giffords.
President Trump used the resignations of three CNN journalists involved in a retracted Russia-related story to resume his attack on the network's credibility Tuesday.
EU fines Google a record 2.42 billion euros
European regulators said "Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service."
Overwhelmed by air bag troubles, Takata files for bankruptcy protection
Long hobbled by lawsuits and recall costs over its faulty air bags, Takata, the Japanese auto parts maker, filed for bankruptcy protection in Japan and the U.S. on Sunday.
Last week Amazon announced a $13.7 billion deal to acquire Whole Foods. The e-commerce giant has now set its sights on grocery and online delivery, which could put pressure on traditional grocery chains and online retailers like Target.
S&P Global Ratings has warned the agency will likely lower Illinois' creditworthiness to below investment grade if feuding lawmakers fail to agree on a state budget for a third straight year.
Tips spark disagreement over Mpls. minimum wage proposal
Dozens of people debated the details of a proposed $15 minimum wage in Minneapolis at a marathon public hearing before the City Council on Thursday.