latest articles

Gov’t Halts Incentives for Wells Fargo, Other Banks

The U.S. Department of the Treasury is withholding financial incentives for Wells Fargo Bank, Bank of America, and J.P Morgan Chase Bank until they improve their efforts in a federal initiative called the Making Home Affordable Program.

Small Biz Owners Celebrate Victory in Debit-Fee Fight

A proposal to delay regulations that would put a new cap on debit-card swipe fees that large banks charge merchants fell six votes short in the U.S. Senate on Wednesday; big banks are disappointed, but TCF says that it will keep fighting through a lawsuit that it filed in October.

Target Pushed to Stop Making Political Contributions

Bill de Blasio, who sits on the board of a major Target shareholder-the New York City Employees Retirement System-wants the company to change its policy on political donations; Target CEO Gregg Steinhafel told shareholders that concerns have been adequately addressed.

Delta Moving a “Few Hundred” Jobs Out of MN

Delta CEO Richard Anderson wrote a letter to employees indicating that despite moving Minnesota jobs to Atlanta, the airline is still committed to its hub at the Minneapolis-St. Paul International Airport.

Feds Investigate Delta Union Elections

The National Mediation Board is reportedly planning on-site investigations into whether the airline interfered with a series of elections through which its employees rejected union representation.

Vikings Stadium Funding Approaches “Stalemate”

As negotiations continue about who would pay for $131 million in road construction associated with an Arden Hills stadium, Ted Mondale, who's leading negotiations for the state, reportedly said that the parties involved are "kind of in a stalemate."

Banks, Biz Owners at Odds Over Debit-Card Fee Limits

U.S. Bancorp and TCF Financial Corporation have voiced opposition to proposed federal rules that would limit debit-card swipe fees-but some of Minnesota's small business owners are heading to nation's capitol to give their support.

Mpls., IBM Invest $1.65M to Improve Tech Services

IBM will invest $1.5 million in researchers' time that will be spent on exploring ways in which the city can improve services and cut costs; Minneapolis will contribute $150,000 to cover project management and IT costs.

Best Buy Prevails in Geek Squad Trademark Suit

Best Buy sued Andrew Clayton last year and reached a settlement under which Clayton was required to cease infringing on the Geek Squad trademark-but the electronics retailer took him back to court after discovering continued use of the brand.

Medica Launches New Health Plan Offering

My Plan by Medica allows companies to contribute to employees' health plans while offering flexibility on how much coverage employees have and the amount that they will spend out of their own pockets.