Category Archives: Business

Forbes study finds athlete incomes on rise since 1995; biggest gains for international players

. The highest-paid athletes today are far wealthier than they were 20 years ago, and fewer Americans rank among the top earners, according to a study from Forbes.

Kips Bay asks shareholders to shut it down

Plymouth device company Kips Bay Medical Inc. is encouraging shareholders to vote Tuesday to wind down the eight-year-old company after disappointing results from a clinical trial of its device.

Rising home prices lifts US household wealth to record $85.7 trillion; borrowing also rises

WASHINGTON — Rising home values drove a modest increase in Americans’ household wealth to a new high of $85.7 trillion in the April-June quarter.

Doctor charged in $150M insurance scam that led to unnecessary surgery by untrained assistant

LOS ANGELES — Los Angeles prosecutors say a doctor was the ringleader in one of the state’s biggest health fraud schemes that included unnecessary surgery by an untrained assistant that scarred patients for life.

Medica, mental health hospital operator PrairieCare in contract dispute

A Brooklyn Park-based operator of mental health hospitals and clinics says it will drop out of Medica’s provider network, claiming the Minnetonka-based health insurer has overly restrictive policies about when children and teens can get care.

Annual Japan show for video games opens with record exhibitors, newcomers like YouTube, Amazon

CHIBA, Japan — Japan’s annual video game show opened Thursday with a record number of exhibitors, including independent companies and newcomers, a positive sign for an industry that has faced tough competition from games on social media and mobile devices.

Striking Seattle teachers, district reach tentative deal; school to start Thursday

SEATTLE — Seattle teachers ended a weeklong strike and headed to their classrooms Wednesday after winning a 9.5 percent pay raise over three years, mandatory 30-minute recesses for elementary students, a longer school day and more say over standardized tests.

A look at the largest brewers as the 2 biggest, AB InBev and SABMiller, consider combining

NEW YORK — The world’s largest beer brewers have a few things in common: they’re very large, very old, and they often have very close relationships with their competitors. That would increase if Budweiser maker Anheuser-Busch InBev buys Miller brewer

Apogee stock falls after company lowers full year forecast

Investors stomped down shares of glass maker Apogee Enterprises Inc. nearly 4 percent early Thursday after the company lowered its revenue guidance for the year citing construction delays that will push some projects into fiscal 2017.

Wall Street executive may seek venue change after publicity about his sexual harassment trial

NEW YORK — A lawyer for a Wall Street firm founder arrested on securities fraud charges said Tuesday he’s not sure his client can get a fair trial in New York after publicity about a sexual harassment trial.

Merck: Long-acting diabetes pill in testing as effective as once-a-day predecessor Januvia

KENILWORTH, N.J. — Drugmaker Merck & Co. says its experimental Type 2 diabetes drug performed about as well as its older daily pill, Januvia, in a late-stage patient test.

California irrigation district to clean tainted water in milestone settlement with government

FRESNO, Calif. — The federal government has settled a decades-old lawsuit with the nation’s largest irrigation district, which has agreed in a tentative deal to clean up contaminated water in California’s fertile Central Valley.

The Latest: Group says low rates will help wages for African-Americans

WASHINGTON — The latest on the Federal Reserve’s meeting regarding interest rates (all times

Golden Valley finds developers willing to invest beyond its interstate corridor

When it comes to commercial redevelopment in Golden Valley, the focus has almost exclusively been on the Interstate 394 corridor.

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