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Business and Economic News

The $41 million Wells Fargo clawback

New York Times writer Ben Protess joined the program with an update on the CEO of Wells Fargo, John Stumpf forfeiting 41-million dollars in stock awards.
by MPR News Staff

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Wells Fargo starts own probe as House hearing looms

Wells Fargo & Co. said on Tuesday that its independent directors will conduct an investigation into the firm's retail banking sales practices.
by Reuters

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U.S. probing possible worker abuse by Wells Fargo

U.S. probing possible worker abuse by Wells Fargo

A group of Democratic senators last week asked the Labor Department to investigate whether Wells Fargo tellers, branch managers and customer service reps were harassed and threatened with termination in the aggressive sales push.
by Associated Press

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Five solar farms in Minnesota slated for completion next year

New Jersey-based NRG Energy says five solar farms in Minnesota are slated for completion next year. The projects are in Washington, Dakota, Goodhue, Olmstead and Dodge counties and will supply some major companies.
by Associated Press

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3 weeks into strike, nurses union and Allina resume contract talks

3 weeks into strike, nurses union and Allina resume contract talks

A federal mediator called negotiators back to the bargaining table last week, but that doesn't mean the two sides are ready to cut a deal.
by Lorna Benson

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Wells Fargo's unauthorized accounts likely hurt customers' credit scores

Wells Fargo's unauthorized accounts likely hurt customers' credit scores

Regulators say millions of unapproved credit card and bank accounts were opened for Wells Fargo customers. A big question is how to compensate those whose credit scores were hurt by what the bank did.
by Jim Zarroli

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Ex-Wells Fargo employees sue, allege they were punished for not breaking law

Ex-Wells Fargo employees sue, allege they were punished for not breaking law

Wells Fargo staff secretly opened millions of unauthorized accounts to meet lofty sales targets. A class-action suit has been filed on behalf of employees who obeyed the law and failed to meet quotas.

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Mediator brings Allina, nurses back to the bargaining table

Thousands of nurses at five hospitals went on strike Sept. 5 after negotiations on a three-year contract broke off earlier this month. The contract expired June 1.
by Peter Cox

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Minneapolis Chamber plucks new president from St. Paul

Minneapolis Chamber plucks new president from St. Paul

Jonathan Weinhagen, who was a leader at the St. Paul Chamber, will take over as new president of the Minneapolis Regional Chamber of Commerce next month.
by Tim Nelson

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