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Wells Fargo hit with $1 billion in fines over consumer abuses

The Consumer Financial Protection Bureau says it's punishing the banking giant's actions in its mortgage and auto loan businesses.

Published Fri, Apr 20 2018 8:12 AM by Business & Economy - MPR News
IRS computer glitch caused by 'master file' issue

For nearly 11 hours on the busiest tax day of the year, the agency was unable to accept tax returns.

Published Fri, Apr 20 2018 4:00 AM by Business & Economy - MPR News
Reports: Wells Fargo to be fined $1 billion as early as Friday

Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto-lending and mortgage businesses, The New York Times and other news outlets reported, citing unnamed sources.

Published Thu, Apr 19 2018 5:33 PM by Business & Economy - MPR News
Xcel expands use of drones to inspect power lines

Xcel Energy will be the first utility in the nation to get Federal Aviation Administration approval to routinely fly drones beyond where a pilot can see the aircraft.

Published Thu, Apr 19 2018 4:00 PM by Business & Economy - MPR News
'Fearless Girl' statue will face down stock exchange, not 'Charging Bull'

The statue -- installed in 2017, on a temporary basis, to honor International Women's Day -- will stay in New York City permanently. But it will relocate, shifting around the corner from the bull.

Published Thu, Apr 19 2018 1:26 PM by Business & Economy - MPR News
How does the BBC World Service cover the U.S. for the rest of the world?

In an age of social media, traditional news organizations must contend with the proliferation of fake news—and fact-based journalism is often denounced as fake.

Published Thu, Apr 19 2018 9:00 AM by Business & Economy - MPR News
After alert on Russian hacks, bigger push to protect power grid

Homeland Security and the FBI have blamed Russia for a series of cyberattacks on U.S. power plants. The industry is stepping up efforts to protect the electric grid.

Published Thu, Apr 19 2018 6:29 AM by Business & Economy - MPR News
FAA orders inspections of engine type that blew apart on Southwest flight

The Federal Aviation Administration says CFM engines, which power many Boeing 737s, need to be ultrasonically inspected after a certain number of takeoffs and landings.

Published Thu, Apr 19 2018 5:03 AM by Business & Economy - MPR News
Facebook to offer users opt-outs that comply with new European Privacy Rules

The social media giant will ask users worldwide if they want to continue sharing data for ads as well as personal information such as political and religious leanings and relationship information.

Published Thu, Apr 19 2018 1:50 AM by Business & Economy - MPR News
Bump stock manufacturer is shutting down production

Slide Fire will stop taking orders and halt manufacturing of the rapid-fire gun products. It is facing a class action lawsuit for negligence and the government is pursuing a ban on the devices.

Published Wed, Apr 18 2018 6:21 PM by Business & Economy - MPR News
Watch: U.S., Japan plan new talks on 'fair and reciprocal' trade deal

The leaders said they had failed to reach a deal that would exempt Japan from new U.S. steel and aluminum tariffs, as Abe had wanted.

Published Wed, Apr 18 2018 5:03 PM by Business & Economy - MPR News
Lawmakers call on Big Pharma to pay up in fight against opioid abuse

A bipartisan group of supporters of a fee paid by pharmaceutical companies for every opioid they sell in the state continue to push. That's despite dimming prospects for the legislation.

Published Wed, Apr 18 2018 3:05 PM by Business & Economy - MPR News
Expert: Tax deadline's a good time for deep dive into finances

Tax filing time is a reminder to review your finances and recommit to those New Year's financial resolutions, personal finance expert Lynnette Khalfani-Cox told MPR News Wednesday.

Published Wed, Apr 18 2018 11:29 AM by Business & Economy - MPR News
The importance of diversity in credit unions

Minnesota has some of the nation's worst racial disparities in poverty, home ownership, employment, educational attainment, health and loan application approval rates.

Published Wed, Apr 18 2018 11:00 AM by Business & Economy - MPR News
MnDOT closing I-35W north in Mpls. overnight Wednesday

I-35W north between Highway 62 and I-94 closes 10 p.m. Wednesday with a southbound closure overnight Thursday into Friday. MnDOT's also closing the ramp from I-94 west to 11th Street for two months starting Monday.

Published Wed, Apr 18 2018 10:36 AM by Business & Economy - MPR News

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Wells Fargo hit with $1 billion in fines over consumer abuses

IRS computer glitch caused by 'master file' issue

Reports: Wells Fargo to be fined $1 billion as early as Friday

Xcel expands use of drones to inspect power lines

'Fearless Girl' statue will face down stock exchange, not 'Charging Bull'

How does the BBC World Service cover the U.S. for the rest of the world?

After alert on Russian hacks, bigger push to protect power grid

FAA orders inspections of engine type that blew apart on Southwest flight

Facebook to offer users opt-outs that comply with new European Privacy Rules

Bump stock manufacturer is shutting down production

Watch: U.S., Japan plan new talks on 'fair and reciprocal' trade deal

Lawmakers call on Big Pharma to pay up in fight against opioid abuse

Expert: Tax deadline's a good time for deep dive into finances

The importance of diversity in credit unions

MnDOT closing I-35W north in Mpls. overnight Wednesday