Business

Quicken Loans to Pay $32.5M to Settle Lawsuit Over Bad Loans

DETROIT (AP) – Quicken Loans has agreed to pay $32.5 million to settle a lawsuit that accused the company of fraudulently sticking the government with bad mortgages. Crain’s Detroit Business says the agreement, with no admission of wrongdoing, was disclosed Friday by Gerald Rosen, a former judge who served as mediator. The government had accused Quicken of cutting corners when…

Hartford’s I-90 Speedway Set to Open Saturday

HARTFORD, S.D. – After a number of postponements, the I-90 Speedway near Hartford is finally ready to open its doors. The speedway has been closed for the last three years and in that time the owner says the demand for racing in the Sioux Falls area has only grown. After an extended rainy season, staff and the race fans have…

US Airlines Are Pushing Domestic Prices Higher Again

Airline fares within the U.S. are inching higher again. American Airlines confirmed Thursday that it raised domestic fares $5 each way. J.P. Morgan said Southwest Airlines followed by raising prices on tickets bought within a week of the flight and favored by business travelers. Southwest did not immediately comment. Airlines had raised prices just five weeks ago, and J.P. Morgan…

Twitter Deletes Accounts Linked to Foreign Governments

SAN FRANCISCO (AP) – Twitter says it has deleted nearly 4,800 suspect accounts linked to Iran that the company says secretly pushed that government’s agenda. Twitter is adding those accounts and their tweets to a public database it launched last year to track its battle against government-linked misinformation. It is also adding a smaller number of deleted accounts linked to…

Cigna to Consolidate Sioux Falls Locations

SIOUX FALLS, S.D. – Some potentially big changes for Cigna employees, the health insurance company is consolidating its two Sioux Falls locations. Operations will end at the East 52nd Street location and move to the North Fourth Avenue location. A spokesperson for Cigna says there will be no disruptions to patients whose prescriptions are filled at these locations. Cigna merged…

Ford Recalls 1.3M Vehicles for Suspension, Transmission Woes

DEARBORN, Mich. (AP) – Ford is recalling over 1.3 million vehicles mainly in North America to fix rear suspension and transmission control software problems. The largest recall covers over 1.2 million Explorer SUVs from 2011 through 2017. Ford says a rear suspension toe link can break if the suspension moves a lot. That can limit steering control. One customer reported…

Millennium Recycling No Longer Accepting Plastic Bags

SIOUX FALLS, S.D. – On average, a plastic bag is only used for 12 minutes.  Millennium was one of the few recycling companies in the U.S. that accepted plastic bags.  The material is considered a “high-cost item” because of the labor it requires to process. “Out of our accepted items list, that is the only item that we have to (actually)…

Minnesota Brewing Company to Acquire Sioux Falls Based Hydra Beer Company

SIOUX FALLS, S.D. – A Minnesota company is buying Sioux Falls-based Hydra Beer Company. Lupulin Brewing Company of Big Lake, MN has agreed to acquire Hydra Beer Company. Hydra’s current location in Sioux Falls will become Lupulin Brewing’s newest brewery and taproom. Lupulin Brewing also recently partnered with Global Distributing to distribute its beer in South Dakota. Lupulin Brewing officials…

Survey: Companies Add Fewest Jobs in 9 Years in May

WASHINGTON (AP) – U.S. companies added the fewest jobs in nine years, a private survey found, as manufacturers, construction firms and mining companies cut workers. Payroll processor ADP said Wednesday that businesses added just 27,000 jobs in May, the fewest since March 2010. Jobs in construction fell 36,000 and in manufacturing by 3,000. Growth is expected to slow this year…

Year-Round Sales of Gasoline Mixed With 15% Ethanol OK’d

OMAHA, Neb. – The Trump administration is following through on a plan to allow year-round sales of gasoline mixed with 15% ethanol. The Environmental Protection Agency announced the change Friday, ending a summertime ban imposed out of concerns for increased smog from the higher ethanol blend. The agency had proposed the change in March. The change also fulfills a pledge…

Flooding Worsens Along Missouri River Because Of Recent Rain

OMAHA, Neb. (AP) – Flooding along the lower Missouri River will likely worsen in the days ahead because the amount of water being released into the river is increasing because of the recent rain. But officials with the U.S. Army Corps of Engineers say the river will remain below the levels it hit in March when flooding caused significant damage…

Watch: Sneak Peek Inside South Dakota’s First Fleet Farm

SIOUX FALLS, S.D. – KDLT got a sneak peek inside South Dakota’s first-ever Fleet Farm store today. The 185,000 square foot store opens Friday morning at seven at the Sanford Sports Complex near I-29. The location will also house a grocery store, auto department, and gas station. The new store is expected to create about 200 jobs. Despite a shrinking…

Sports Illustrated Magazine Sold for $110M

NEW YORK (AP) – Sports Illustrated is being sold for $110 million, but the seller will continue running the iconic magazine under a licensing deal. Authentic Brands Group is buying Sports Illustrated from Meredith Corp. Authentic will handle marketing, business development and licensing functions. That includes licensing the magazine itself back to Meredith, so that Meredith will continue publishing the…

Nationwide Small Business Innovation Research Tour Comes to Sioux Falls

SIOUX FALLS, S.D. – Representatives from federal agencies visit Sioux Falls asking for help to solve some of the world’s biggest problems. The Small Business Innovation Research Tour stopped at the University Center Thursday. It’s part of a tour across the midwest, including departments like the National Institutes of Health, Homeland Security, Defense, and the Department of Agriculture. Local tech…

FAA Meets with International Regulators Over Boeing 737 Max

(AP Photo/Mulugeta Ayene)FORT WORTH, Texas (AP) – Representatives from more 30 countries are meeting the Federal Aviation Administration officials to hear the U.S. regulator’s approach to determining how soon the Boeing 737 Max can resume flying after two crashes that killed 346 people. Before Thursday’s meeting, acting FAA Administrator Daniel Elwell declined to give a timetable for the plane’s return…