Business

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…

Survey: US companies add healthy 219,000 jobs in July

WASHINGTON (AP) - U.S. businesses added 219,000 jobs in July, a private survey found, a robust total that suggests employers are still able to find the workers they need despite the low unemployment rate. Payroll processor ADP said Wednesday that…

TransCanada ordered to inspect part of Keystone pipeline in SD

ABERDEEN, S.D. (AP) - TransCanada Corp. is digging up a portion of the Keystone oil pipeline in South Dakota after an inspection identified potential issues with the pipeline's coating. South Dakota Department of Environment and Natural Resources spokesman Brian Walsh…

Facebook finds 'sophisticated' efforts to disrupt elections

NEW YORK (AP) - Facebook says it has uncovered "sophisticated" efforts, possibly linked to Russia, to influence U.S. politics on its platforms. The company says it removed 32 accounts from Facebook and Instagram because they were involved in "coordinated" behavior…

Aberdeen Fiber Glass Plant Avoids Closure Again

ABERDEEN, S.D. --- Hundreds of people were wondering if they would have a job this fall. An Aberdeen manufacturing plant was facing an uncertain future, but everything changed with a single phone call.…

NFL concussion claims hit $500 million in less than 2 years

PHILADELPHIA (AP) - More than $500 million in claims have been approved under the NFL's concussion settlement in less than two years, nearly a decade earlier than league officials estimated they would reach that amount. Claims administrators in the settlement…

HOM Furniture A Finalist For Retailer Of The Year

COON RAPIDS, Minn. -- HOM Furniture has been announced as both a nominee and finalist of The Home Furnishings Association (HFA)’s 2018 Retailer of the Year awards, which honor outstanding retailers who represent exceptional examples of philanthropy, technology, customer experience,…

Small Businesses Counting On Crazy Days

SIOUX FALLS, S.D. - Organizers made the tough decision to cancel the 25th annual Hot Summer Nights this week due to weather. Many Sioux Falls small businesses lost out on quite a bit…

US probes complaints that some Ford Escapes overheat, stall

DETROIT (AP) - Federal safety investigators are looking into complaints that engines on some Ford Escape vehicles can overheat and suddenly stall while being driven. The U.S. National Highway Traffic Safety Administration says it has 40 complaints from consumers about…

Farmland Co-op Inc. to merge with Agtegra Cooperative

ABERDEEN, S.D. (AP) - North Dakota-based Farmland Co-op Inc. is merging with the new Agtegra Cooperative. Farmland members voted overwhelmingly in favor of the move last week. The merger takes effect Sept. 1. Farmland has about 100 members. Agtegra CEO…

With Comcast out, how Disney's empire will look with Fox

NEW YORK (AP) - Comcast's decision to drop its bid for Fox means Disney's $71 billion offer is likely to prevail. If Disney's deal goes through, X-Men and other movies from Fox's studios could be added to Disney's upcoming streaming…

Auto industry urges US to hit brakes on proposed car tariffs

WASHINGTON (AP) - Automakers, dealers and suppliers are united in opposition to President Donald Trump's proposed tariffs on imported cars, trucks and auto parts. "The opposition is widespread and deep because the consequences are alarming," Jennifer Thomas of the Alliance…

Ford recalls 550K vehicles that can roll away unexpectedly

DETROIT (AP) - Ford is recalling about 550,000 cars and SUVs in North America to fix a gearshift problem that could cause the vehicles to roll away unexpectedly. The recall covers certain 2013 through 2016 Fusion sedans and some 2013…

Govt lifts donor disclosure for some tax-exempt groups

WASHINGTON (AP) - The Trump administration is lifting requirements for some tax-exempt groups to disclose the identities of their donors to federal tax authorities. The change benefits groups that spend millions of dollars on political ads, such as the U.S.…

Ford to spend up to $299M to settle Takata air bag lawsuits

DETROIT (AP) - Ford has agreed to spend up to $299 million to settle lawsuits filed by owners of about six million vehicles with potentially deadly Takata air bag inflators. The agreement announced Monday must get court approval. It covers…

Amazon says it's working to resolve glitches on Prime Day

NEW YORK (AP) - Amazon says it's working to resolve the glitches on its website that kept shoppers from buying on its much-hyped Prime Day. The hiccups could mute sales and send shoppers elsewhere on one of Amazon's busiest sales…

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