Business and Economic News

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.
Within the first month of his presidency, Donald Trump said he was prioritizing "getting Americans back to work." But what is it actually like to work in the U.S. right now?
What is the relationship between the two countries now, and how might it change with the Trump administration?
Minnesota farm and ag delegation in Cuba amid changing U.S. policy
Minnesota Lt. Gov. Tina Smith is in Cuba week with a delegation of Minnesota officials, farmers, and agribusiness leaders. The trip is meant to help spur agricultural sales to the country and has been in the works for months.
Some Mpls. businesses worry $15 minimum wage will cost them
Supporters say a higher hourly wage will benefit low-income workers especially. Some critics warn it will force employers to make some hard decisions. The City Council hears public testimony on the plan today.