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Business and Economic News

House passes bill aimed at reversing Dodd-Frank financial regulations

House passes bill aimed at reversing Dodd-Frank financial regulations

The GOP-led House approved legislation that scales back the massive set of Wall Street regulations created after the 2008 financial crisis. The Financial Choice Act faces dim prospects in the Senate.
by Geoff Bennett

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Angry shareholders feed live donkey to tiger in Chinese zoo

Angry shareholders feed live donkey to tiger in Chinese zoo

In a statement, the shareholders say they had invested in the zoo and were unhappy that it was not making money. Video shows the tigers mauling the donkey for half an hour before finally killing it.

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Amazon lowers Prime membership rate for low-income customers

Amazon lowers Prime membership rate for low-income customers

Amazon and Walmart are in a battle for low-income shoppers. Now Amazon is cutting the $10.99 monthly rate on its Prime membership to $5.99 for people who receive government assistance.
by Doreen McCallister

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Minimum wage hike dominates Minneapolis mayoral debate

Minimum wage hike dominates Minneapolis mayoral debate

The city of Minneapolis is nearing a vote on a $15 an hour minimum wage ordinance. But the candidates aren't all completely on board with the plan.
by Brandt Williams

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Uber fires 20 employees after sexual harassment claim investigation

Uber fires 20 employees after sexual harassment claim investigation

On Tuesday, the company gathered its staff to discuss the review's findings, according to a source familiar with the meeting. A broader report on addressing Uber's workplace culture is due next week.
by Yuki Noguchi

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Speed limit dropping on I-94 stretch west of Minneapolis

Motorists navigating construction zones on Interstate 94 west of downtown Minneapolis will need to slow down as transportation officials reduce speed limits to 50 miles per hour.
by Danielle Wong

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Sugar producers skeptical of deal with Mexico

U.S. sugar producers like Minnesota-based American Crystal Sugar have complained for years that Mexico was violating the North American Free Trade Agreement by dumping subsidized sugar, and driving down prices.
by Dan Gunderson

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Parting thoughts: 'Pat the Cat' reigned on KDAL

Parting thoughts: 'Pat the Cat' reigned on KDAL

Charles "Patrick" Cadigan passed away recently at the age of 81. He and co-host Rik Jordan talked about anything that was "TOMA" or "top-of-mind awareness" in the Duluth-Superior area.
by Cathy Wurzer

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248,000 hourly workers in Minnesota make $9.50 or less

248,000 hourly workers in Minnesota make $9.50 or less

A new report from state labor officials shows about 15 percent of hourly employees in Minnesota make the minimum wage of $9.50 an hour or less.
by The Associated Press

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