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Business and Economic News

Bitcoin's maker revealed? Australian says he is 'Satoshi Nakamoto'

Bitcoin's maker revealed? Australian says he is 'Satoshi Nakamoto'

Craig Wright, 45, is an entrepreneur whose name has often been mentioned in conversations about bitcoin's creator; in recent months, he was also investigated by tax authorities.

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Still a mystery, Prince's wealth may be the superstar in death

Still a mystery, Prince's wealth may be the superstar in death

Some details of Prince's net worth may be disclosed later today in the first court hearing on his estate. Whatever its value, the superstar may end up worth more in death than in life.
by Martin Moylan

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Comfrey swoops in to save ailing grocer

Comfrey swoops in to save ailing grocer

A 1998 tornado leveled Comfrey's grocery store, and the owner rebuilt. But a downturn in business left the store on the brink.
by Associated Press

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U.S. Steel says China is using cyber stealth to steal its secrets

U.S. Steel says China is using cyber stealth to steal its secrets

The steelmaker is asking a U.S. agency to investigate its claims that the Chinese government not only dumps steel at unfair prices, but also uses computer hackers to steal intellectual property.
by Marilyn Geewax

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Minn. fair seeks to match small businesses with govt. contracts

Minn. fair seeks to match small businesses with govt. contracts

Small business owners hope to find reliable revenue streams in government contracts. A recent fair near Minneapolis helped some navigate the complicated process.
by Emma Sapong

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U.S. Steel says China is using cyber stealth to steal its secrets

U.S. Steel says China is using cyber stealth to steal its secrets

The steelmaker is asking a U.S. agency to investigate its claims that the Chinese government not only dumps steel at unfair prices, but also uses computer hackers to steal intellectual property.
by Marilyn Geewax

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Here's why Chobani gave employees a stake in the company

Here's why Chobani gave employees a stake in the company

It's been a good week for employees of Chobani. They learned that they could eventually own about 10 percent of the rapidly expanding Greek yogurt company.
by Yuki Noguchi

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Range rebound? Cliffs reiterates plan to reopen two mines this year

Range rebound? Cliffs reiterates plan to reopen two mines this year

Officials with Cleveland-based Cliffs Natural Resources restated their intention to reopen Northshore Mining in Babbitt and Silver Bay next month in a conference call with investors Thursday morning. They also said United Taconite in Eveleth and Forbes will likely restart in the fourth quarter this year.
by Dan Kraker

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Abbott to buy St. Jude Medical for $25 billion

Abbott to buy St. Jude Medical for $25 billion

Abbott says St. Jude's devices for heart failure, blockages and abnormal heart rhythm complement its range of heart products.
by Martin Moylan and Reuters

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TSA manager says he was told to profile Somalis at Twin Cities airport

TSA manager says he was told to profile Somalis at Twin Cities airport

A senior manager for the Transportation Security Administration at the Minneapolis-St. Paul International Airport said his supervisors asked him to profile Somali imams and other Somali community members in Minnesota.
by Laura Yuen and Mukhtar M. Ibrahim

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