DEBT AND EQUITIES
Medtronic Inc., Fridley, approved a cash dividend of 26 cents per common share, payable April 26 to shareholders of record on April 5.
PERSONNEL
Nortech Systems Inc., Wayzata, has named Richard Wasielewski president and chief operating officer, effective immediately. Mike Degen will retain his role as chief executive officer. Wasielewski most recently was senior vice president.
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Business
The Latest | Germany will resume working with UN relief agency for Palestinians after a review
Germany said Wednesday that it plans to follow several other countries in resuming cooperation with the U.N. relief agency for Palestinians in Gaza after the publication of an independent review of its neutrality.
Business
Stock market today: Wall Street drifts after a two-day rally
Stocks are drifting in early trading as Wall Street lets off the accelerator. The S&P 500 edged up 0.3% early Wednesday after a two-day winning streak erased nearly two-thirds of last week's steep loss. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite rose 0.6%. Tesla jumped after saying the night before that it would accelerate production of more affordable vehicles. Tesla is the first of the ''Magnificent Seven'' to report its results for the start of 2024. Treasury yields were a bit higher in the bond market following the latest report on the U.S. economy to come in hotter than forecast.
Business
Microsoft and Amazon face scrutiny from UK competition watchdog over recent AI deals
British competition regulators said Wednesday they'll scrutinize recent artificial intelligence deals by Microsoft and Amazon over concerns that the moves could thwart competition in the AI industry.
Business
Iran's Raisi inaugurates project in Sri Lanka, says West doesn't monopolize knowledge, technology
Iranian President Ebrahim Raisi said his country has proven the West doesn't have a monopoly on technology while inaugurating a hydropower and irrigation project in Sri Lanka on Wednesday.
Business
The Biden administration is tweaking rules on airline fees and refunds, saying it'll help consumers
The Biden administration issued final rules Wednesday to require airlines to automatically issue cash refunds for things like delayed flights and to better disclose fees for baggage or canceling a reservation.
