U.S. Bancorp names Gunjan Kedia new president
Kedia, whose previous title was vice chair of wealth, corporate, commercial and institutional banking, takes the role previously held by chief executive and chairman Andy Cecere.
Midwest Mountaineering alum opens outdoor store to fill void
Lake State Mountaineering offers paddling and climbing supplies for Minnesota outdoors enthusiasts.
Minnesota Power agrees to smaller bill increase for customers in settlement
If utility regulators approve the deal with state officials, residential customers' electric rates would increase 4.9% instead of the originally posed 12%.
Minneapolis
Minneapolis residential property taxes could rise steeply in 2025
With federal COVID funds drying up and downtown commercial values falling, homeowners and renters will be asked to shoulder the burden, Mayor Jacob Frey cautions.
Business
Best Buy CEO Corie Barry's compensation fell more than 20% to $10.3M last year
The company failed to meet financial goals, triggering lower payouts for executives.
Business
Sundaes in Shanghai: Dairy Queen expands global empire
The Minnesota-based franchisor is seeing sales and profits steadily climb as its international ambition grows.
Business
After failed mediation, Timberwolves, Lynx ownership dispute heads to arbitration
Arbitration process will take place in Minneapolis and must be completed within six months, according to contract.
Business
3M paying back nearly $1M in overpayments improperly deducted from employee paychecks
The company reached a settlement with the state Attorney General's Office to issue about 1,700 checks.
Business
Is your company on the list of Minnesota's 2022 Top Workplaces?
Worker expectations change at Minnesota firms as pandemic retreats.
Business
Eden Prairie refrigeration facility laying off 91 workers
St. Louis-based Copeland Cold Chain is moving manufacturing and distribution operations to other North American locations.
Business
Life Time goes full wellness, with spa offering weight-loss management, including Ozempic
The Chanhassen-based company continues to expand, including pickleball facilities.
Business
Cargill recalls 16,000 pounds of ground beef over E. coli risk
None of the affected products were sold in Minnesota, and no illnesses were reported.
Cannabis
Minnesota hemp businesses feeling burned by Lucky Leaf cannabis expo organizers
Local entrepreneurs say they were misled by the Texas-based event company about whether they would be allowed to sell their THC and CBD products at the show last week in Minneapolis.
St. Cloud
Barely any venture capital makes it to greater Minnesota. Meet the folks trying to change that.
Over the last decade, less than 4% of venture capital invested in the state went outside the Twin Cities.
Business
What a Trump immigration crackdown would mean for Minnesota's economy
The state's labor shortage is among the country's more severe, with just 51 workers for every 100 open jobs.
Business
With $324.2 billion in revenue, UnitedHealth again tops list of Minnesota public companies
The top 50 companies as a whole posted revenue of $750.7 billion, up 7% from the year before. However, growth was slower than in 2021.
Business
Biden opens door for tax credits so corn farmers can grow jet fuel
Corn growers can qualify for the lucrative credits if they use cover crops and avoid tilling the soil.
Business
Congress slams UnitedHealth's cybersecurity, calls company 'a monopoly on steroids'
Andrew Witty is on Capitol Hill today, answering questions about the health giant's data breach.
Business
Marijuana rescheduling will make pot businesses 'significantly more profitable'
Tax write-offs could save businesses millions and lead to lower prices for consumers.
Business
Taylor, Lore, Rodriguez head to mediation over Timberwolves, Lynx ownership
If parties can't come to a resolution over the cancelled sale, arbitration is the next step.
Business
Minnesota bankruptcy law firm files for bankruptcy after losing fight with another bankruptcy firm
The St. Cloud firm, one of the oldest bankruptcy law firms in the state, lost a fight involving Google Ads.
Business
Food companies keep pushing protein. How much do we actually need?
Protein is in high demand, and it is showing up in more packaged foods as a result.
We've created a new destination for everything agriculture in Minnesota and around the country.
Gophers
Tough question for Gophers donors: Give to the U or to the athletes?
There's a delicate dance of donating to college athletics in 2024. One of the steps is how all parties figure out who gets what and how. That's part of the new world in the NIL era.
Business
A 'leaner' 3M emerges as CEO hands off company to new leader
After spinning off its health care division, 3M forecasts boosted profits this year but smaller dividend.
Business
While homebuilding is up in the Twin Cities, apartment construction is way behind
At a time when there's already a shortage of housing in many parts of the metro, apartment developers have received only enough permits to build 115 apartments and other multifamily units, 55% fewer than last year.
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Most Read
- Midwest Mountaineering alum opens outdoor store to fill void
- U.S. Bancorp names Gunjan Kedia new president
- Congress slams UnitedHealth's cybersecurity, calls company 'a monopoly on steroids'
- What a Trump immigration crackdown would mean for Minnesota's economy
- After failed mediation, Timberwolves, Lynx ownership dispute heads to arbitration
Business
Complete coverage of business news in the Twin Cities, Minnesota and elsewhere, including Fortune 500 Minnesota companies: UnitedHealth Group, Target, Best Buy, 3M, CHS, U.S. Bancorp, General Mills, C.H. Robinson, Land O’Lakes, Ecolab, Ameriprise Financial, Xcel Energy, Hormel Foods, Thrivent Financial, Polaris, Securian Financial Group, Fastenal and Patterson Cos.
