Business

Crocs to outsource manufacturing of clogs, other footwear

NIWOT, Colo. (AP) — Colorado-based footwear company Crocs Inc. is closing company-owned manufacturing plants in Italy and Mexico by year’s end and replacing its chief financial officer. The company announced the outsourcing of additional manufacturing and the closure of a…

General Electric Laying off 200 Workers at Turbine Plant

SCHENECTADY, N.Y. (AP) - General Electric says it's laying off 200 hourly workers at its upstate New York plant that produces steam turbines for the company's power unit. Boston-based GE announced Tuesday that the layoffs include unionized manufacturing and assembly…

Apple surges to $1 trillion in market value

SAN FRANCISCO (AP) — Apple is worth $1,001,679,220,000. The maker of the iPhone and other gadgets became the world’s first publicly traded company with a market value of $1 trillion on Thursday. The company reached the milestone a couple of hours…

Wells Fargo to pay $2.1 Billion for Role in Housing Bubble

NEW YORK (AP) — Wells Fargo is agreeing to pay a $2.1 billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble and subsequent financial crisis. The amount is smaller than…

New Restaurant Soon to Open Downtown Two Harbors

TWO HARBORS, Minn- Downtown Two Harbors is growing, starting next week a new restaurant will be added to the mix. An American style restaurant called McQuade's Pub and Grill will be located on the…

Video of Abuse at pig Farm Also Highlights Common Practices

DENVER (AP) — Recently released undercover video showing pigs being kicked, hit and punched at a Kentucky supplier for the world’s largest meat producer drew prompt condemnation from animal rights groups and the agricultural industry alike. However, the images sandwiched…

States Suing Trump Administration, Company Over 3D Guns

(AP) - Eight states are filing suit against the Trump administration over its decision to allow a Texas company to publish downloadable blueprints for a 3D-printed gun, contending the hard-to-trace plastic weapons are a boon to terrorists and criminals and…

Wild State Cider Coming Soon to Lincoln Park

DULUTH, Minn. - Another new craft beverage maker is coming to Duluth's Lincoln Park neighborhood. Wild State Cider is planning to open later this year. Wild State will soon become the…

Inside the Minnesota Brewers Convention

DULUTH, Minn.- The brew creators that make it all happen are already working to better their next batch. In recent years more and more craft breweries are popping up on the map,…

US Economy Surges to 4.1 Percent Growth Rate in Q2

WASHINGTON (AP) — The U.S. economy surged in the April-June quarter to an annual growth rate of 4.1 percent. That’s the fastest pace since 2014, driven by consumers who began spending their tax cuts and exporters who rushed to get…

Facebook Market Value Plunges $119 Billion

NEW YORK (AP) — The 19 percent loss in Facebook’s stock chopped $119 billion off its market value. It was the company’s worst trading day since going public in 2012, and among the biggest one-day losses of market value in U.S.…

United Natural Foods to buy Supervalu for $1.26 Billion

(AP) - United Natural Foods is buying Supervalu for $1.26 billion, creating a grocery food wholesaler with a diverse customer base. United Natural Foods of Providence, Rhode Island, said Thursday it’s paying $32.50 per share in cash, or a premium…

Barbie Maker Mattel to cut More Than 2,200 Jobs

NEW YORK (AP) — Mattel, hurt by the closing of Toys R Us stores, said Wednesday that it will cut more than 2,200 jobs as the maker of Barbie dolls and Hot Wheels cars seeks to save money. Like other…

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