July 15, 2020

JC Penney cuts 1,000 jobs as it closes stores

JC Penney says it will cut 1,000 jobs as it tries to fight its way out from under bankruptcy protection. The company last month said […]
July 15, 2020

Microsoft cuts MSN news staffers in move toward AI editors

SEATTLE — Microsoft cut dozens of full-time staffers from its MSN news service, continuing an initiative to move away from human editors in favor of […]
July 15, 2020

Big law firms embraced small business loan program, and for good reason

There is no reason to pick on any law firm for collecting Payroll Protection Program loan proceeds, not if all the firms that could got […]
July 15, 2020

Faribault Woolen Mill opens new Linden Hills location, adds Minnesota-themed products

Wool blankets are a tough sell in summer, but that’s not stopping Faribault Woolen Mill. The 155-year-old company opened its third retail store last week. […]
July 15, 2020

Apple wins big EU court case over $15 billion in taxes

BRUSSELS — A European Union court on Wednesday delivered a hammer blow to the bloc’s attempts to rein in multinationals’ ability to strike special tax […]
July 15, 2020

US industrial production surges 5.4% in June

WASHINGTON — Production at America’s factories, utilities and mines surged last month, but remained well below pre-pandemic levels. The Federal Reserve said Wednesday that U.S. […]
July 15, 2020

As US seeks sourcing, sole US rare earth miner goes public

The sole miner of rare earths in the U.S. is becoming a public company amid elevated trade tensions with China, the dominant global supplier of […]
July 15, 2020

Lisa Lucas, head of National Book Foundation, to join Knopf

NEW YORK — The head of the organization which presents the National Book Awards is joining the Knopf Doubleday Publishing Group. Lisa Lucas, executive director […]
July 15, 2020

Tech entrepreneur's dismembered body found in luxury condo

NEW YORK — The dismembered body of a 33-year-old tech entrepreneur was found inside his luxury Manhattan condo, police said Wednesday. The victim, identified as […]
July 15, 2020

Goldman 2Q profit tops forecast on strong trading revenue

NEW YORK — Goldman Sachs Group Inc.’s second-quarter profit blew past Wall Street’s expectations thanks to strong results from its investment banking and trading businesses. […]
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