×

Business

Business Briefs for Oct. 14

Hoff of Balaton is one of 34 people selected for the statewide training for Partners in Policymaking Chosen from a statewide pool of applicants, Balaton resident Elizabeth Hoff has been accepted into the eight-month Minnesota Partners in Policymaking leadership training, which starts ...

Retiree checks to rise modestly amid push to expand benefit

WASHINGTON (AP) — Millions of retirees will get a modest 1.6% cost-of-living increase from Social Security in 2020, an uptick with potential political consequences in an election year when Democrats are pushing more generous inflation protection. The increase amounts to $24 a month for the ...

Fed approves rules loosening Dodd-Frank bank restrictions

WASHINGTON (AP) — The Federal Reserve is easing restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump. The Fed on Thursday approved a set of rule changes that implement legislation passed by Congress last year ...

Stocks climb for second straight day on US-China trade optimism

Stocks closed broadly higher on Wall Street for the second straight day Thursday as the U.S. and China kicked off a new round of negotiations in their long-running trade war. Technology companies and banks led the rally as investors turned hopeful that the 13th round of trade talks will bring ...

US stocks fall; S&P 500 ends with 2nd straight weekly loss

Wall Street capped a choppy week with a second straight weekly loss for the S&P 500 Friday as worries about a potential escalation in the trade war between the U.S. and China erased early gains. Technology companies led the broad slide as investors weighed a report saying the Trump ...

23 states sue Trump to keep California’s emission rules

SACRAMENTO, Calif. (AP) — California sued Friday to stop the Trump administration from revoking its authority to set greenhouse gas emission and fuel economy standards for cars and trucks, enlisting help from 22 other states in a battle that will shape a key component of the nation’s ...

Fresh US-China trade worries erase early gains for stocks

Wall Street closed out a volatile week with losses Friday as investors worried that upcoming trade talks aimed at resolving the costly trade war between Washington and Beijing could be in trouble. The selling, which erased modest early gains for the market, snapped a three-week win streak for ...

Business Briefs for Sept. 16

Laney Lu’s Boutique wins Minnesota’s 2019 Boutique of the Year After more than 340,000 votes were cast, Laney Lu’s Boutique of Redwood Falls was recently named Storefront 2019 Boutique of the Year by shoppers. The Boutique Awards is the only global recognition event for independent ...

Illinois lawsuit filed against top e-cigarette maker

CHICAGO (AP) — An Illinois teenager who fell ill with a lung disease after vaping for over a year sued a leading e-cigarette maker on Friday, accusing it of deliberately marketing to young people and sending the message that vaping is cool. Attorneys filed a lawsuit in Lake County Circuit ...

US stock indexes end mixed; S&P 500 notches third weekly gain

The S&P 500 notched its third straight weekly gain Friday, even as the major U.S. stock indexes ended the day mostly lower. A slide in technology stocks, along with losses in consumer-focused and real estate companies, offset solid gains elsewhere in the market, including big Wall Street ...

House votes to bar Arctic drilling; Senate action unlikely

WASHINGTON (AP) — The Democratic-controlled House on Thursday voted to reinstate a decades-long ban on oil and gas drilling in Alaska’s Arctic National Wildlife Refuge — a largely symbolic move aimed at reversing a plan by President Donald Trump to drill in the pristine refuge. The ...

Stocks rise on fresh optimism ahead of US-China trade talks

Stocks rose on Wall Street Thursday after the U.S. and China took steps to ease tensions in their costly trade war, putting investors in a buying mood. Technology, financial and consumer-focused stocks helped power the modest rally, which extended the market’s solid gains from the day ...

Senate OKs Trump nominee Bowman for Federal Reserve

WASHINGTON (AP) — The Senate on Thursday confirmed President Donald Trump's nominee Michelle Bowman to serve a full 14-year term on the seven-member Federal Reserve board. Bowman was approved on a 60-31 vote, winning the support of 49 Republicans and 11 Democrats. Only one Republican, Sen. ...

Tentative opioids settlement falls short of nationwide deal

HARTFORD, Conn. (AP) — A tentative settlement announced Wednesday over the role Purdue Pharma played in the nation’s opioid addiction crisis falls short of the far-reaching national settlement the OxyContin maker had been seeking for months, with litigation sure to continue against the ...

Vaping group plotted lobbying efforts at Trump’s DC hotel

NEW YORK (AP) — America’s vaping industry has in recent years taken its fight to fend off regulation directly to President Donald Trump’s doorstep, with a lobbying group twice booking annual meetings at his Washington hotel and e-cigarette maker Juul hiring two of his former White House ...

US stocks notch solid gains as China eases trade tensions

Stocks notched broad gains on Wall Street Wednesday as investors drew encouragement from China’s move to exempt some U.S. products from a recent round of tariffs. Technology, health care and communication services stocks powered much of the rally. The benchmark S&P 500 index, which had ...

Judge: Travelers can sue TSA over screener mistreatment

PHILADELPHIA (AP) — A U.S. appeals court says travelers can sue the government over mistreatment by federal airport screeners because the agents can act like law enforcement officers, including when they conduct invasive searches. The 9-4 decision Friday by the 3rd U.S. Circuit Court of ...

US stock indexes end mixed to close out a volatile month

Major U.S. stock indexes ended little changed Friday after a listless day of trading ahead of the Labor Day holiday weekend capped a solid week of gains for the market. A late-afternoon flurry of buying gave the S&P 500 its third straight gain. The benchmark index also snapped a string of ...

United removes Boeing Max from schedule until December

United Airlines is again delaying the expected return date for its grounded Boeing 737 Max jets. The airline said Friday that it has removed the Max from its schedule until Dec. 19, six weeks longer than previously planned. United owns 14 Max jets, which have been grounded since March after ...

EPA moves to revoke rules on oil industry methane leaks

WASHINGTON (AP) — The Trump administration moved Thursday to revoke regulations on methane leaks from oil facilities, a proposal environmental advocates said would renounce key federal authority to regulate the climate-damaging gas. The proposed rule follows President Donald Trump’s ...