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Business and Economic News

Bass Pro Shops to reel in Cabela's for $5.5 Billion

Bass Pro Shops to reel in Cabela's for $5.5 Billion

The two U.S.-based outdoor companies that sell hunting and fishing equipment are joining forces in a deal expected to close in the first half of 2017.

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Global poverty declines even amid economic slowdown, world bank says

Global poverty declines even amid economic slowdown, world bank says

The number of people living in extreme poverty continues to plunge despite slowing global growth, the World Bank says. More than 1 billion people rose out of poverty between 1990 and 2013, it says.
by Maria Hollenhorst

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Minnesota regulator: Insurance market in dire situation

All seven companies offering plans through the Minnesota's exchange or directly to consumers were prepared to leave the market for 2017 following a major insurer's exit earlier this year.
by Associated Press

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Dialogue on the minimum wage: politician, economist and business leader

Dialogue on the minimum wage: politician, economist and business leader

Is an increase in the minimum wage the best way to eliminate poverty? DFL State Senator John Marty, economist Mark Perry, and Dan McElroy of Hospitality Minnesota discuss the issue at a Center of the American Experiment event in Minneapolis.

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Minnesota's labor trafficking problem is getting worse

A new report sheds light on underlying causes of labor trafficking and how we can stop this modern form of slavery.
by MPR News Staff

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'Cup Noodles' turns 45: A closer look at the revolutionary ramen creation

'Cup Noodles' turns 45: A closer look at the revolutionary ramen creation

Today instant ramen is consumed in at least 80 countries -- with culturally specific adaptations. The U.S., for instance, gets shorter noodles, because Americans don't slurp them up like the Japanese.
by Elise Hu

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Wells Fargo CEO faces more criticism from lawmakers

Wells Fargo CEO faces more criticism from lawmakers

In his opening remarks, Stumpf refused to accept the contentions made by Sen. Elizabeth Warren and others -- that the bank's cross-selling incentives were to blame for the scandal.
by The Associated Press

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IQ2 debate: 'Climate change: The EPA has gone overboard'

IQ2 debate: 'Climate change: The EPA has gone overboard'

An Intelligence Squared debate on the motion: "Climate change: The EPA has gone overboard."

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California suspends some Wells Fargo business amid scandal

California suspends some Wells Fargo business amid scandal

While the sanctions apply to only a portion of California's business with Wells Fargo, the impact could grow if more states follow suit.
by Associated Press

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Wells Fargo CEO to forfeit tens of millions in stock awards amid scandal

Wells Fargo CEO to forfeit tens of millions in stock awards amid scandal

Wells Fargo says John Stumpf and the former retail-banking head will forfeit stock awards worth about $60 million combined, after employees opened unauthorized customer accounts to meet company goals.
by Jim Zarroli

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