Target to reduce prices, launch new brands as sales, profits fall

Target to reduce prices, launch new brands as sales, profits fall

For the upcoming year, Target said it expects a low single-digit decline in comparable sales. Its shares plunged 13 percent.

Macy's in downtown St. Paul to be renamed Treasure Island Center

February 27
Macy's in downtown St. Paul to be renamed Treasure Island Center
Treasure Island Resort and Casino has entered an agreement for naming rights for the redeveloped building

General Mills takes stake in D's Naturals, maker of performance snacks

8:07am
General Mills takes stake in D's Naturals, maker of performance snacks
General Mills' investment arm joined another firm with support for Denver-based company.
Business
9:53am

Samsung leader indicted on bribery charges in South Korea

SEOUL, South Korea – Lee Jae-yong, the de facto leader of Samsung, one of the world's largest conglomerates, was indicted on charges of bribery…
Business
9:32am

US economy grew at weak 1.9 percent rate in 4th quarter

The U.S. economy grew at an anemic 1.9 percent rate in the fourth quarter, unchanged from an initial estimate, although consumers performed better than first thought.
Business
9:15am

As tipping falls out of favor, search is on for alternative

Saru Jayaraman, director of the Food Labor Research Center at the University of California, Berkeley, advocates abolishing restaurant tipping in favor of the $15-an-hour minimum…
Nominate your company for 2017
Top Workplaces Nominate your company for 2017
updated 2 hours 45 mins. ago
Nominate your company as a 2017 Top Workplace. Meet the companies that continue to be voted the best places to work in Minnesota.
Business
8:00am

Land O'Lakes reports record earning despite slow farm economy

The cooperative saw revenue decrease in some areas such as dairy.
Business
5:28am

Turning point in diamond industry: De Beers can no longer control market

Facing turning point, the world's biggest producer cuts exploration.
Business
February 27
A crew from enXco Energy Services from California inspected a windmill in Chaska.

Legislation would boost standard for renewable energy

The bills would up the goal for Minnesota to 50 percent by 2030.
Business
February 27

CEO Pay Watch: Valspar's Gary Hendrickson earned nearly $20.2 million last fiscal year

Gary HendricksonValspar Corp. Chairman, president, CEOTotal compensation: $20,168,485 for the year ended October 31, 2016Salary: $1,041,647Bonus: $0Nonequity incentive pay: $2,213,479Other compensation: $381,780Restricted stock: $0Long-term…
ST100: 2016 ranking of Minn. companies
Special feature ST100: 2016 ranking of Minn. companies
updated 11 hours 6 mins. ago
The Star Tribune 100 is a measure of the largest publicly held companies with headquarters in Minnesota ranked by revenue.
Business
February 27

Life Fitness builds $11 million expansion in Owatonna

Project won state funding and will result in 100 more workers.
Local
February 27
The Mayo Clinic in Rochester.

In Lake City, patients and residents ask: Is Mayo listening?

The hospital's labor and delivery services were phased out two years ago, and then last year three physicians and a nurse abruptly resigned from Mayo's Lake City clinic.
Business
February 27

CEO Pay Watch: TCF's Craig Dahl made $2.2 million last year

Craig DahlTCF Financial Corp.Vice chairman, president, CEOTotal compensation: $2,263,288 for the year ended Dec. 31Salary: $846,923Nonequity incentive pay: $918,356Other compensation: $93,564Value realized on vesting…
Business
February 27

CEOs Buffett, Immelt write optimistic letters to their investors

The business leaders are optimistic about the U.S.
Local
February 27

For first time, United to offer flights out of Rochester

The daily service starts in June and will go to and from O'Hare airport.
Business
February 27

Automakers knew Takata air bags were dangerous for years, lawsuit says

New allegations point to involvement by Ford, Honda, Nissan and Toyota.
Outside Consultant
Weekly feature Outside Consultant
updated 46 mins. ago
Answers to your questions about marketing and business in the Twin Cities.
Business
February 27
WCCO Radio's Chad Hartman interviews his dad Sid Hartman of the Star T...

WCCO Radio to be under new ownership as CBS Radio, Entercom merge

CBS has opted to merge its radio business with Entercom.
Business
February 27

Top Workplaces deadline extended until March 24

The deadline to nominate a company for the Minnesota 2017 Top Workplaces honor has been extended until March 24. This is the eighth year…
Business
February 27

Global newsbriefs from the Economist

Business review from the EconomistKraft Heinz bids and rescinds for UnileverAs transient as it was titanic, a proposed $143 billion takeover bid by Kraft Heinz…
Business
February 27

TCF Financial touts progress, but investors remain cautious

CEO Craig Dahl acknowledges there is work to do, but the "coach" insists the bank has a winning strategy.
Local
February 27

Pending legislation could derail high-speed train to Rochester before it's built

Legislators say landowners and farmers along the route object to the privately funded project.
Business
February 27

How to make your money last as long as you do

Even relatively affluent couples face the risk of running out of money in retirement, so here's how to make it last as long as you do
Business
February 27

Mayo earnings hit by Medicaid, labor costs

Despite headwinds, the workforce still managed to grow by 5 percent.