Business

Facebook Market Value Plunges $119 Billion

NEW YORK (AP) — The 19 percent loss in Facebook’s stock chopped $119 billion off its market value. It was the company’s worst trading day since going public in 2012, and among the biggest one-day losses of market value in U.S.…

United Natural Foods to buy Supervalu for $1.26 Billion

(AP) - United Natural Foods is buying Supervalu for $1.26 billion, creating a grocery food wholesaler with a diverse customer base. United Natural Foods of Providence, Rhode Island, said Thursday it’s paying $32.50 per share in cash, or a premium…

Barbie Maker Mattel to cut More Than 2,200 Jobs

NEW YORK (AP) — Mattel, hurt by the closing of Toys R Us stores, said Wednesday that it will cut more than 2,200 jobs as the maker of Barbie dolls and Hot Wheels cars seeks to save money. Like other…

McDonald’s Removing Salads from 3,000 Stores After Illness

CHICAGO (AP) — McDonald’s is stopping the sale of salads at 3,000 restaurants after people became sick from a parasite causing intestinal illness. The Chicago-based fast-food chain said Friday it’s acting “out of an abundance of caution” until switching to…

CBD Hemp Oil Store Opens in Superior

SUPERIOR, Wis. - The Northland's first specialty hemp-based CBD oil store is officially open for business. It's called "Apple House CBD Wisconsin" and is located at 1613 Tower Avenue. The store…

NorShore Clothing Opens Local Shop

TWO HARBORS- Minn.- A locally owned clothing store is helping show off your North Shore pride. NorShore Clothing Company started nearly a year ago as a small online shop, as of this month,…

Colleges ask for a share of future salary in lieu of loans

MONTPELIER, Vt. (AP) - More colleges are beginning to offer income share agreements, in which colleges receive a percentage of the student's future salary, in place of some student loans. Vermont's Norwich University has become the latest school to offer…

In the Battle for Twenty-First Century Fox, Comcast Blinks

NEW YORK (AP) — In a battle among media giants for control of Twenty-First Century Fox’s entertainment business, Comcast has blinked. The cable and media company said Thursday that it is dropping its bid, instead focusing on its pursuit of…

McKenzie's Bar and Grill Under New Ownership

HERMANTOWN, Minn.-  A staple American food pub in Hermantown is under new ownership, but don't worry your favorites will stay the same. McKenzie's Bar and Grill is celebrating under new ownership. New…

Kari Toyota Celebrating 50 Years of Service

SUPERIOR, Wis.- Exciting news for a Twin Ports business Kari Toyota in Superior is celebrating 50 years of service. The dealership is family run, the 50 milestone means a lot to the…

Students Prepared for Jobs After Completing Welding Program

DULUTH, Minn. - After completing a short summer program, 15 welding students are now prepared and equipped with the necessary tools to fill jobs in the Wisconsin area. The "Weld Now" program, partnered through Northwest Wisconsin CEP and WITC-Superior, is…

Planning Ahead to Cope with Market Volatility

DULUTH, Minn. - Ongoing market volatility is the new reality in 2018. Massive swings in both directions have occurred multiple times in the last five months leaving investors nervous and unsure about…

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