Business and Economic News

St. Anthony approves Lowry Grove mobile home park closure; HUD may step in
The park's fate has been in limbo for months. Tuesday night, the St. Anthony City Council voted to proceed with the closure process, saying it wasn't within their power to do anything else.
Wells Fargo CEO John Stumpf steps down amid sales scandal
He faced congressional hearings and consumer wrath after Wells Fargo was found to have opened millions of bank accounts without customers' permission.
Federal regulators say Comcast charged customers for gear and services they didn't order. Officials say the fine is the largest civil penalty assessed against a cable operator.
Rethinking automatic insurance coverage for preventive health care
Three former leaders of an influential task force that issues guidelines for preventive care says insurance coverage for highly rated tests and services shouldn't be mandatory.
Samsung halts sales of Galaxy Note 7 after new troubles
Samsung said it is halting sales of the star-crossed Galaxy Note 7 smartphone after a spate of fires involving new devices that were supposed to be safe replacements for recalled models.
Warren Buffett responds to Donald Trump's tax comments
Investor Warren Buffett says he's never used the kind of tax deduction that Republican presidential candidate Donald Trump did, and Buffett says he's paid taxes every year for 72 years.
Striking nurses, Allina meet for talks with Dayton
Gov. Mark Dayton summoned negotiators for Allina Health and its striking nurses union to the governor's residence today to resume mediated talks.