Business

Report: SEC probes Facebook privacy issues

NEW YORK (AP) – A report says the Securities and Exchange Commission is investigating whether Facebook adequately warned its investors about privacy lapses involving the data mining firm Cambridge Analytica. The Wall Street Journal said Thursday that the SEC has requested information from Facebook on how much the company knew about Cambridge Analytica’s use of user data. The report cited…

11 workers laid off at Aberdeen, Watertown newspapers

ABERDEEN, S.D. (AP) – Dakota Media Group has laid off seven employees at the American News and the Farm Forum in Aberdeen and four workers at the Watertown Public Opinion. Dakota Media Group Publisher Kevin Shaw says the company is restructuring to increase profitability. An unspecified number of vacant positions also will remain unfilled. The layoffs represent about 7 percent…

Papa John’s founder resigns as chairman after use of racial slur

NEW YORK (AP) – Papa John’s says founder John Schnatter has resigned as chairman of the board. The company made the announcement late Wednesday, hours after Schnatter apologized for using a racial slur during a conference call in May. The apology comes after Forbes cited an anonymous source saying the pizza chain’s marketing firm broke ties with the company afterward….

Quitting Facebook: Will It Hurt Business?

SIOUX FALLS, S.D. – In this digital age, it seems like everyone and everything has a Facebook page. The social media platform can also be a valuable tool for companies to market themselves to potential customers. However, one downtown Sioux Falls business made the announcement Wednesday that they are leaving Facebook, as well as its subsidiary Instagram. “Attention friends, followers,…

Smithfield Foods Files $12.5M Facility Expansion Plan

SIOUX FALLS, S.D. – A major Sioux Falls employer has filed plans for a multi-million dollar facility expansion. According to the city’s building permits website, Smithfield Foods was issued a commercial building permit for a $12.5 million holding barn addition to the meat processing plant. The news comes after the company received a $2 million permit in May for a…

South Dakota officials approve new 300-megawatt wind farm

PIERRE, S.D. (AP) – State officials have approved a roughly 300-megawatt wind farm in Grant and Codington counties of northeastern South Dakota. The South Dakota Public Utilities Commission on Tuesday approved a permit with conditions for constructing the $380 million project, which is expected to be finished in 2021. The Dakota Range wind project is expected to encompass up to…

Xcel to refund $10.9M from tax cut to South Dakota customers

PIERRE, S.D. (AP) – State regulators have approved an agreement to refund roughly $10.9 million to the thousands of Xcel Energy customers in South Dakota as a result of last year’s federal tax cuts. The South Dakota Public Utilities Commission voted Tuesday for the settlement, which also bars increases in base electric rates for the company’s South Dakota customers until…

Twitter’s fake account purge drags stock lower

NEW YORK (AP) – Twitter shares tumbled Monday after a news report quantified its purge of fake and malicious accounts, noting that the aggressive action could harm its user growth. Twitter has been open but vague about its crackdown, an effort aimed at preventing the spread of fake news and making its service more welcoming for real people. The Washington…

New Developments On the Way at Lake Lorraine

SIOUX FALLS, S.D. – New dining, shopping and even homes are on the way at Lake Lorraine in Sioux Falls. The growing shopping center is turning into your new “one stop shop” for consumers.   Lake Lorraine has brought in new places to shop, eat and even work out in Sioux Falls since it opened last fall.  Developers aren’t naming specific…

Mazda recalls 270,000 vehicles over Takata airbags

NEW YORK (AP) – Mazda is recalling nearly 270,000 vehicles with Takata airbags that have the potential to explode. Chemicals used to inflate the air bags can deteriorate in some conditions, causing them to deploy with too much force, blowing apart a metal canister that can result in flying shrapnel. The potentially deadly defect can be found in passenger-side airbags…

Xcel Energy buys Hale Wind Project in Texas Panhandle

PLAINVIEW, Texas (AP) – The Texas Panhandle is getting another wind farm to generate electricity for the state and for New Mexico. Xcel Energy spokesman Wes Reeves said Thursday that the 478-megawatt Hale Wind Project will cost about $735 million build. The company on Tuesday announced the completed purchase from Florida-based NextEra Energy Resources. Terms weren’t released. New Mexico regulators…

Survey: US employers added 177,000 jobs in June

WASHINGTON (AP) – A private survey shows that American businesses added 177,000 workers in June, a sign of health and resilience for the U.S. labor market and economy. Payroll processor ADP said Thursday that hiring was led by employers with more than 50 workers, with the education and health and the leisure and hospitality sectors reporting strong gains. The figures…

Badlands Motor Speedway Files Appeal of County Zoning Exemption Change

BRANDON, S.D. – New developments in the future of the Badlands Motor Speedway. Owner Chuck Brennan is using the help of attorneys Meierhenry and Sargent to help find a solution. A notion of appeal has been filed to Minnehaha County zoning. The appeal is a response to a zoning department letter claiming the racetrack had lost its grandfathered land-use exemption…

Enbridge: On track to put new Line 3 into service next year

MINNEAPOLIS (AP) – Fresh off approval by Minnesota regulators, Enbridge Inc. says it’s on track to finish construction and put its disputed Line 3 replacement pipeline into service in the second half of next year. The Minnesota Public Utilities Commission on Thursday determined the project is necessary and approved the company’s preferred route across northern Minnesota, with modifications that Enbridge…

Minnesota regulators approach decision on disputed pipeline

ST. PAUL, Minn. (AP) – Minnesota regulators are approaching decision time on whether to approve or reject Enbridge Energy’s proposal for replacing its aging Line 3 oil pipeline across northern Minnesota. The Public Utilities Commission enters a fifth day of hearings on the project Thursday and was expected to begin deliberations once the commissioners have finished questioning representatives on both…

Equifax must boost security under new agreement with states

Equifax Inc. has reached an agreement with eight states that will require the credit-reporting agency to put stronger security measures in place to prevent future data breaches. About 147.9 million Americans were impacted by Equifax’s 2017 data breach, which was the largest exposure of personal information in history. While Equifax has taken steps to correct the problems that led to…

J&L Not Worried About Harley Davidson Decision

SIOUX FALLS, SD – There has been a lot of discussion since the recent Harley Davidson announcement.  On Monday, the motorcycle company broke the news that they were moving their production overseas due to the tariffs. The motorcycle enthusiasts in the Sioux Falls area have questions regarding this decision.  But co-owner of the J&L Harley Davidson dealership Jimmy Entenman put…