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Preview: Business from Minnesota Public Radio

Business & Economy - MPR News



Business & Economy



Published: Sun, 24 Sep 2017 09:18:47 -0500

 



Mound man accused in $1 million Ponzi scheme pleads guilty

Sat, 23 Sep 2017 14:26:11 -0500

Authorities say 30-year-old Jeremy Lundin, of Mound, ran a Ponzi scheme from December 2014 through May 2017 through his company, Big Island Capital.



After massive data breach, Equifax directed customers to fake site

Thu, 21 Sep 2017 16:13:36 -0500

The credit reporting agency set up a website to help people determine whether they had been affected by a cyberattack. But on Twitter, Equifax repeatedly pointed people to a phishing site.



Uber to lose its license to operate in London

Fri, 22 Sep 2017 06:19:23 -0500

Transport for London said Uber demonstrates a lack of corporate responsibility with implications in public safety and security. The car-hailing app is used by 3.5 million passengers and 40,000 drivers in London.



Health insurers' safety net is at risk. Here's why that matters

Thu, 21 Sep 2017 11:43:23 -0500

Gov. Dayton and state lawmakers are waiting for a federal waiver to implement their reinsurance plan -- but an announcement this week concerning federal funding has complicated matters. Here's what you need to know.



Equifax breach puts credit bureaus' oversight in question

Thu, 21 Sep 2017 04:02:00 -0500

The day that Equifax said millions of Americans' personal information had been exposed, lawmakers were considering legislation the industry favored. Now, some are calling for tougher regulation.



Equifax confirms another 'security incident'

Tue, 19 Sep 2017 20:46:00 -0500

Equifax is already struggling to retain public trust after it waited at least a month to disclose a cyberattack that potentially impacted the personal information of millions of people.



Ahead of the holiday season, Toys 'R' Us files for bankruptcy protection

Tue, 19 Sep 2017 02:53:00 -0500

The largest U.S. toy chain filed for Chapter 11 bankruptcy protection late Monday. Toys 'R' Us plans to use $3 billion in bankruptcy financing to buy merchandise from vendors and fund operations.



How healthy are Minnesota's pension plans?

Tue, 19 Sep 2017 00:00:00 -0500

Changes in how promised benefits are calculated showed that Minnesota has only 53 percent of what it needs to reimburse public employees, according to Bloomberg.



State appeals court won't block Minneapolis sick-time ordinance

Mon, 18 Sep 2017 12:43:28 -0500

The court declined to suspend a city ordinance requiring employers provide time off for employee illness or emergency. It did allow a temporary injunction barring Minneapolis from enforcing the ordinance for employers based outside the city.



Rolling Stone magazine is put up for sale

Mon, 18 Sep 2017 08:08:00 -0500

Wenner Media, the company founded by Rolling Stone publisher Jann Wenner, cites a desire "to best position the brand for future growth."



Target flips on the background music. Will shoppers turn up the volume?

Mon, 18 Sep 2017 04:00:00 -0500

For years, the Minneapolis-based retail giant kept overhead background music out of most of its stores. But that's changing as it moves ahead with a massive store remodeling project and tries to revive flagging sales.



Draft permit signals DNR is OK with Polymet dam plan

Fri, 15 Sep 2017 17:22:59 -0500

The state Department of Natural Resources has released a draft permit for the massive earthen dam PolyMet Mining is proposing to build to hold back millions of gallons of waste rock and water at its proposed copper-nickel mine in northeast Minnesota.



'Engineering marvel': New bridge brings excitement to the Iron Range

Fri, 15 Sep 2017 04:00:00 -0500

The new 200-foot tall U.S. Highway 53 bridge over an abandoned iron ore pit next to the city of Virginia is the tallest in the state. It was built to make away for the expansion of a nearby operating taconite mine.



MN industry leaders want more immigrant workers as restrictive policies loom

Thu, 14 Sep 2017 17:16:21 -0500

Industry leaders say immigrants are needed to grow Minnesota's economy and address a labor shortage. But calls for welcoming more immigrants come as the White House and others offer proposals for more restrictive immigrant policies.



Families clash over proposed hog farm in Zumbrota Township

Thu, 14 Sep 2017 16:29:35 -0500

People living near the proposed facility are worried about odors and levels of hydrogen sulfide, a gas from animal waste that can be harmful to health. Those proposing the facility say they meet state standards and have a right to expand their business.



Minnesota jobless rate up a tick in August; 6,600 jobs cut

Thu, 14 Sep 2017 11:34:26 -0500

Minnesota's unemployment rate nudged up to a seasonally adjusted 3.8 percent in August as employers trimmed jobs. The state's jobless rate remains significantly lower than the national rate.



House backs $1.2 trillion spending bill with more money for military

Thu, 14 Sep 2017 11:08:50 -0500

The House has passed a sweeping $1.2 trillion spending bill for the Pentagon, domestic agencies, and foreign aid that GOP leaders are calling a winner for conservatives.



Signs of economic progress for black Minnesotans, but wide poverty gaps remain

Thu, 14 Sep 2017 06:31:24 -0500

Median earnings rose at a double-digit rate last year and their poverty and unemployment rates seem to be on a long-term trend downward. But black Minnesotans continue to fare much worse economically than most other residents, especially whites.



Hard to Read: How American schools fail kids with dyslexia

Thu, 14 Sep 2017 00:00:00 -0500

This APM Reports documentary explores how improving things for dyslexic kids could help all students learn to read better.



Minn. makes economic gains, but racial disparities persist: 5 census survey takeaways

Wed, 13 Sep 2017 23:02:00 -0500

The U.S. Census Bureau's latest data dump contains a trove of information on Minnesota. Here are some key points.