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Business and Economic News

Public input sought on major powerline proposed for southwest Minnesota

Public input sought on major powerline proposed for southwest Minnesota

Xcel Energy wants to build the roughly 170-mile power line from Garvin in Lyon County to Becker in central Minnesota. It would connect solar and wind energy from southwest Minnesota to the electrical grid.
by Kirsti Marohn

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Warren Buffett is sitting on over $325 billion cash as Berkshire Hathaway keeps selling Apple stock

Warren Buffett is sitting on over $325 billion cash as Berkshire Hathaway keeps selling Apple stock

Warren Buffett is now sitting on more than $325 billion cash after continuing to unload billions of dollars worth of Apple and Bank of America shares this year and continuing to collect a steady stream of profits from all of Berkshire Hathaway’s assorted businesses without finding any major acquisitions.
by The Associated Press

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Boeing cleaned up on Air Force parts, including soap dispensers marked up 8,000 percent

Boeing cleaned up on Air Force parts, including soap dispensers marked up 8,000 percent

Boeing overcharged the Air Force nearly $1 million for spare parts on C-17 cargo planes, including an 8,000 percent markup for simple lavatory soap dispensers, according to the Pentagon’s inspector general.
by The Associated Press

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Millions of low-cost homes are deteriorating, making the U.S. housing shortage worse

Millions of low-cost homes are deteriorating, making the U.S. housing shortage worse

Older homes are the only ones many Americans can afford, but they are costly to fix and maintain, especially for seniors. A patchwork of programs to help are underfunded and have years-long waitlists.
by Jennifer Ludden and Marisa Peñaloza

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