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Business and Economic News

Minnesota attorney general: Wells Fargo should let clients sue

Minnesota attorney general: Wells Fargo should let clients sue

Wells Fargo's conduct could provide ammunition to organizations that want to restrict the use of arbitration in consumer disputes.
by Martin Moylan

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Is it fair that businesses get to 'carry forward' their losses?

Is it fair that businesses get to 'carry forward' their losses?

A developer such as Donald Trump can use a net operating loss "carry forward" to lower his taxes. That may sound weird, but the law has been in place for nearly a century, and experts say it's fair.
by Marilyn Geewax

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Where are the 40,000 students ITT Tech left behind when it closed?

Where are the 40,000 students ITT Tech left behind when it closed?

Community and nonprofit colleges across the country are recruiting former ITT Tech students who face a tough decision: roll the dice on transferring credits, or lose them all for debt relief.
by Kirk Carapezza

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Former Wells Fargo employees describe toxic sales culture, even at HQ

Former Wells Fargo employees describe toxic sales culture, even at HQ

Wells Fargo workers blame a toxic high-pressure sales culture for pushing some workers to engage in deceptive practices -- even in the bank branch at the company's headquarters in San Francisco.
by Chris Arnold

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Sharing economy delivers risks, rewards to Rochester

Sharing economy delivers risks, rewards to Rochester

The rise of Airbnb and other online rental sites has ignited a policy debate in Rochester over how to balance the interests of existing, regulated businesses against those operating in the unregulated sharing economy.
by Catharine Richert

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Newspaper battle becomes a must-read in northern Minnesota

Newspaper battle becomes a must-read in northern Minnesota

Owners of The Timberjay and Cook News Herald are locked in a fight over the finances and futures of a beloved community newspaper. The battle heads to court this week.
by Cody Nelson

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Survey suggests economy will remain weak in Midwest, Plains

A monthly survey of business leaders suggests the economy will continue slowing in nine Midwest and Plains states because of weakness in agriculture and energy businesses.
by Associated Press

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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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