The Nicollet Mall Target store.

Target shares soar past $100 for first time after strong results

The surge came after Minneapolis-based Target announced a 17% gain in profit for its fiscal second quarter and a 3.4% jump in comparable sales. Executives also raised their profit outlook for the rest of the year.

New co-working space in Linden Hills focuses on retail innovation

5 minutes ago
Chris Walton, left, and Anne Mezzenga, co-founders and co-CEOs of Third Haus co-working lab, and Troy Stelzer, CEO of Xenia Retail, are in the new co-
The space started by former Target employees is meant to be a hub for experimenting with new concepts.

Del Monte will close 89-year-old Minn. plant, lay off all workers

August 20
Conveyor belts sent sweet corn into the Sleepy Eye Del Monte plant to be cleaned, cooked, canned and shipped to stores.
The California-based fruit and vegetable packaged food company will shut down the plant in Sleepy Eye in October.
Business
36 minutes ago

Genesys Works places 318 high school interns in Twin Cities

The Twin Cities chapter of Genesys Works, the national career-training nonprofit that places disadvantaged, mostly minority high school students in paid internships, said 318 Twin Cities students were hired this month for one-year, 20-hour-a-week paid internships at 56 Twin Cities companies.
Business
1:58pm

Big companies explore virtual care to curb healthcare costs

Big companies are increasingly incorporating virtual technology and care options into employee-benefit plans to combat the rising health care costs that long have been corporate…
Business
1:55pm

As Wells Fargo quietly seeks CEO, toll on stock hits $24 billion

At Wells Fargo's town-hall meetings, executives have fielded countless questions from employees about efforts to resolve scandals that erupted almost three years ago. One looming…
The annual Star Tribune 50 looks at the state's largest public companies. Combined, the companies on the list employ more than 1.2 million people.
Star Tribune 50 Our top 50 public companies – with No. 1 at $226B in revenue
updated 10 hours 3 mins. ago
Who took the top spot? See where Target, UnitedHealth, Best Buy and other massive companies landed in our 28th annual report.
Business
12:54pm

Minnesota AFSCME union leader suspended pending investigation

The union did not specify the allegations against executive director John Westmoreland.
Business
11:57am
Tim Peterman, CEO of Evine Live, said the Evine name never resonated with customers. As of Wednesday, the home shopping network will be called Shop HQ

Starting today, Eden Prairie home shopping network will be ShopHQ again

Evine is rebranding to the name it stopped using in 2015 as part of a broader effort to try to reignite sales.
Business
11:05am
Target Corp. shares were on track for their biggest one-day gain Wednesday. File photo of Target CEO Brian Cornell during a TV interview on the floor

By the numbers: Target's exceptional day on the market

Target's investors have never had a day like Wednesday.
Business
August 20
Miguel McKelvey, WeWork’s co-founder and chief culture officer, at the company’s office in Manhattan, N.Y.

Ovide: WeWork IPO shows it is the most magical unicorn

Analysis: This company is ambitious, but the numbers behind the losses are surprising.
Minnesota's 4 largest member-owned firms add depth, diversity to state's economy
Business
Minnesota's 4 largest member-owned firms add depth, diversity to state's economy
updated 3 hours 56 mins. ago
There are more ways for companies to have shareholders other than trading on a major stock exchange. And if you use a broadened definition, as…
Local
August 20
David Siegel, executive director of the Builders Association of the Twin Cities, spoke to the press on Tuesday morning about a new report regarding bu

Builders say cities are overcharging for permits

New report shows wide gap between fee revenue, costs of providing the service.
Business
August 20
Kofi Bruce, new chief financial officer of General Mills

Two big exits at General Mills: CFO Mulligan to retire, Blue Buffalo's Bishop steps back

Kofi Bruce, a finance exec with a 10-year record at the firm, was named the company's next CFO.
Business
August 20

Tyson fire jolts livestock markets

The result is a beef glut, a boon for meatpackers.
Prince
August 20
The new Prince store at Minneapolis-St. Paul International Airport sells music, books, apparel and other souvenirs of the late superstar musician.

Prince store at MSP gives travelers a glimpse at superstar's Minnesota life

Terminal shop organized around parts of Minnesota musician's life to lure fans.
Business
August 20
Medtronic's latest profit rose 6% and executives raised their outlook.

Medtronic talks robots as it beats earnings estimates, hikes guidance

Device maker touts a product pipeline that includes a dual-chamber tiny pacemaker.
Business
August 20
The Zhen Hua 31 heavy-lift ship carrying four super-post-Panamax container cranes sailed into Commencement Bay in Tacoma, Wash., in March. Most econom

Trade war will start to hit harder in U.S.

JPMorgan research shows many households will feel the pinch.
Business
August 20
Facebook has been under pressure recently for spreading misinformation and disinformation to millions of its users.

In new Facebook effort, humans will help curate top news stories

Team of editors to work on top-news tab for company's mobile app.
Business
August 20
The deadly Woolsey Fire destroyed hundreds of structures last year outside Los Angeles.

As wildfires get worse, insurers pull back from riskiest areas

Homeowners in wildfire-prone areas are having their coverage dropped.
East Metro
August 20
Neighbors concerned about pollution from the Water Gremlin plant in White Bear Township demonstrated outside MPCA headquarters Thursday.

State of Minnesota seeks partial shutdown of east-metro factory linked to air and water pollution

Angry neighbors say the MPCA should do more to protect the community.
Business
August 20
People use a WeWork common space in New York in 2018. WeWork, a real estate firm that leases shared office space, is becoming a publicly traded compan

WeWork chases high-risk path toward ultimate unicorn IPO

The operator of co-working spaces is borrowing millions but has yet to make a profit.
Business
August 20

Alexander: That undelivered e-mail notice for mail you didn't send is spam

Here are some steps to filter them out for yourself.
Business
August 20
Ben Peters shows Brianna and Thomas Williams a duplex in St. Paul's Dayton's Bluff neighborhood. ] MARK VANCLEAVE ¥ Ben Peters of the Mission Real Es

July home sales up 4.5%, median price hits $283,700 in Twin Cities

Upper bracket homes accounted for much of the sales increase as entry-level houses remained scarce, according to an industry report.
Variety
August 20

Leader of largest US organic food fraud gets 10-year term

A judge on Friday sentenced the mastermind of the largest known organic food fraud scheme in U.S. history to 10 years in prison, saying he cheated thousands of customers into buying products they didn't want.