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Business and Economic News

Wells Fargo bankruptcy would damage markets, regulators say

On Tuesday, regulators determined that Wells Fargo's living wills fell short and that the San Francisco-based bank would be sanctioned, the Federal Deposit Insurance Corporation said in a statement.
by Reuters

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Government seeks to dismiss Twin Metals mining lease lawsuit

Government seeks to dismiss Twin Metals mining lease lawsuit

Government attorneys are asking a federal judge to dismiss a lawsuit filed by a company that's trying to renew its minerals leases so it can build a large underground copper-nickel mine in northeastern Minnesota.
by Associated Press

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Carrageenan backlash: Food firms ousting popular additive

Carrageenan backlash: Food firms ousting popular additive

Food manufacturers are under pressure to replace carrageenan, an ingredient that's widely used in products -- from protein drinks to sliced deli meat. The organic industry just moved to ban it.
by Dan Charles

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Minneapolis maps next steps as big stores exit downtown

Minneapolis maps next steps as big stores exit downtown

With department stores dying and the future of Macy's unknown, experts say Minneapolis must find a way to recreate a vibrant shopping district as more people move downtown.
by Martin Moylan

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Venezuela seizes nearly 4 million toys, saying they're overpriced

Venezuela seizes nearly 4 million toys, saying they're overpriced

"Boys and girls of the country will have a happy Christmas," says Venezuela's national superintendent for the defense of socioeconomic rights.

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A finder's guide to facts

A recent deluge of fake news suggests we live in a "post-truth" era. But NPR's Steve Inskeep says it would be more accurate to call this a "post-trust" era. Here are his tips to sniff out the suspect sources.
by Steve Inskeep

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Post-election, Trump closes companies tied to Saudi Arabia

News of the move comes days before Trump was expected to describe changes he is making to his businesses to avoid potential conflicts of interest as the U.S. president.
by Associated Press

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Trump's continued ties to 'Celebrity Apprentice' raise more conflict questions

Trump's continued ties to 'Celebrity Apprentice' raise more conflict questions

The disclosure of the president-elect's involvement on the NBC show instantly raised questions on twin grounds -- that it could serve as a distraction and represent one more conflict of interest.

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Big business warns Trump against mass deportation

Big business warns Trump against mass deportation

Still grappling with Donald Trump's surprise election, the nation's business community has begun to pressure the president-elect to abandon campaign-trail pledges of hard-line immigration policies that some large employers fear would hurt the economy.
by Associated Press

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