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Evan Ramstad

Business Team Leader | Newsroom
phone: 612-673-4241
Evan Ramstad is a team leader in Business coverage.
Recent content from Evan Ramstad

Software tools maker Perforce buys Seapine

The deal gives Perforce a deeper reach in application lifecycle management.
Delta Air Lines will give employees a 6 percent raise in 2017

Delta Air Lines will give employees a 6 percent raise in 2017

Thousands at MSP will benefit as move comes after a big raise and profit-sharing this year.

Digi board rejects Belden's second offer; investors act as if company is in play

Minnetonka company says no to St. Louis firm for second time.

Belden makes public a $380 million offer for Digi International

Belden Inc. late Friday revealed a $380 million offer to buy Digi International Inc., a Minnetonka-based maker of telecommunications equipment, and said it went public…
Labor force trends suggest Minnesota will need more immigrants, experts say

Labor force trends suggest Minnesota will need more immigrants, experts say

The pace of labor force growth has slowed markedly this decade.
CyberOptics hits hypergrowth with faster 3-D scanning products

CyberOptics hits hypergrowth with faster 3-D scanning products

The company, long a maker of electronics manufacturing equipment, is now a leader in scanning 3-D objects very fast.

Regis signals plan to accelerate hair salon franchising

The company reported a profit rebound but lower revenue in the latest quarter.
North Korean defectors recall harrowing escapes at U seminar

North Korean defectors recall harrowing escapes at U seminar

In searing detail, North Korean defectors told U seminar about evading police and close calls.
Buffalo Wild Wings at 'pivotal time,' CEO says

Buffalo Wild Wings at 'pivotal time,' CEO says

Amid slowing growth and pressure from an activist, a new finance chief arrives to help execs recalibrate.

Capella shares jump 12 percent on strong results and improved outlook

With online enrollment growing, executives forecast a strong finish to the year.

TCF net profit jumps 7 percent, shaped by new loans and sales of old ones

TCF Financial Corp. said Friday its third-quarter net profit grew 7 percent from the same period last year, shaped by growth in loan originations and…

Oct. 20: Select Comfort shares tumble sharply after 3Q results miss forecasts

Select Comfort Corp. lowered its outlook for the rest of the year after announcing third-quarter results that missed expectations. The results were released Wednesday evening,…
U.S. Bancorp's Richard Davis says banks are still fighting for their reputation

U.S. Bancorp's Richard Davis says banks are still fighting for their reputation

U.S. Bancorp reports "solid" results, but the CEO says Wells Fargo's problems are an issue for financial industry

St. Jude, Abbott plan to sell vascular closure products to Terumo if merger goes through

Japan's Terumo is perched to buy them for $1.1 billion.
KLM will start flying between MSP and Amsterdam again

KLM will start flying between MSP and Amsterdam again

It's a return after 16 years to MSP for one of Europe's biggest carriers.

Calabrio rolls out cloud-based platform for customer data

Calabrio, a fast-growing Minneapolis software company, has made over its main product so that it can store data in a network "cloud" instead of using…
Buffalo Wild Wings should franchise 90% of outlets, activist investor says

Buffalo Wild Wings should franchise 90% of outlets, activist investor says

Marcato's McGuire said franchises yield higher profits and share valuations.
Supervalu's grocery stores are feeling heat from competitors

Supervalu's grocery stores are feeling heat from competitors

Supervalu Inc. lowered its financial outlook for the rest of the fiscal year Thursday, saying that its grocery stores, including Cub Foods, and Save-A-Lot discount unit are not performing as well as expected.
Target's top marketer, Jeff Jones, is leaving to become president of Uber

Target's top marketer, Jeff Jones, is leaving to become president of Uber

Jones, who joined Target in 2012, has been one of its most visible executives.
KKR buys Calabrio, Minneapolis maker of call-center analysis software

KKR buys Calabrio, Minneapolis maker of call-center analysis software

N.Y. investment firm sees Calabrio as base to build on.
Sears, amid more red ink, says it will close Eden Prairie store

Sears, amid more red ink, says it will close Eden Prairie store

The retail giant has been an anchor at the Eden Prairie Center since it opened 40 years ago.
InvestMNt conference draws pitches, cautionary tales

InvestMNt conference draws pitches, cautionary tales

At Minnesota's biggest investment conference, analysts sort out the good, bad and the foolish.
Activist investor seeks 'fresh talent' at Buffalo Wild Wings

Activist investor seeks 'fresh talent' at Buffalo Wild Wings

Marcato Capital wants "fresh talent" brought in, more fiscal responsibility.
G&K, Minneapolis uniform and laundry firm with red trucks, sells for $2.2B

G&K, Minneapolis uniform and laundry firm with red trucks, sells for $2.2B

The deal unites two of the country's largest providers of uniforms and laundry services.
Delta cancels two dozen MSP flights day after system outage

Delta cancels two dozen MSP flights day after system outage

The airline is trying to get all its pieces back in place.
Amazon starts alcohol deliveries to Prime Now customers in Twin Cities

Amazon starts alcohol deliveries to Prime Now customers in Twin Cities

It teams with Surdyk's in Mpls. to deliver beer, wine and liquor in the Twin Cities

Minnesota's Dow Jones industrials components helped push index to new high

The two Minnesota companies — UnitedHealth Group and 3M Co. — that are part of the 30 firms forming the Dow Jones industrial average played…
Even as interest rates remain low, U.S. Bancorp reaps record profit

Even as interest rates remain low, U.S. Bancorp reaps record profit

The Minneapolis company has found a way to thrive in a market with low interest rates.
Supervalu picks up some Food Lion stores that were spun out in merger of grocery giants

Supervalu picks up some Food Lion stores that were spun out in merger of grocery giants

Eden Prairie-based retailer buys them as Belgian firm lets them go
Delta flight from MSP to Rapid City lands at Air Force base by mistake

Delta flight from MSP to Rapid City lands at Air Force base by mistake

It's not the first time Ellsworth Air Force Base has seen a passenger plane arrive.
Leadpages makes its first deal, adding e-mail automation provider Drip

Leadpages makes its first deal, adding e-mail automation provider Drip

The deal is the first move in an expansion of products by the Minneapolis marketing technology firm.
Medtronic buys heart failure specialist HeartWare for $1.1 billion

Medtronic buys heart failure specialist HeartWare for $1.1 billion

Deal marks an endgame for Boston-area company, which had been acquiring other firms until recently.
PolyMet receives $14 million in capital from Glencore

PolyMet receives $14 million in capital from Glencore

The new capital will help the mining company for the next several months.
Tim Hortons coffee and doughnut shops expanding in Minnesota

Tim Hortons coffee and doughnut shops expanding in Minnesota

Tim Hortons, a popular coffee and doughnut chain that dwarfs other fast-food chains in Canada, is coming to Minnesota in a bigger way. Its parent…
Ag drone tech firm Sentera completes $8.5 million capital round

Ag drone tech firm Sentera completes $8.5 million capital round

The company also released a new version of its smartphone app for using drones in agriculture.

Stinson Leonard Street will move to Fifty South Sixth

The firm, Minnesota's fourth-largest, has spent nearly 30 years in the Fifth Street Towers.
Regis shares hit roller coaster on overtime pay

Regis shares hit roller coaster on overtime pay

Piper Jaffray analyst revises downgrade after company's statement.
June 2015: Target revamp continues as No. 2 exec leaves

June 2015: Target revamp continues as No. 2 exec leaves

Kathryn A. Tesija, the de facto No. 2 executive at Target Corp. and its chief merchandiser since 2008, is leaving, the company said this morning.
With recent deals, Capella moves into job-skills training, particularly software coding

With recent deals, Capella moves into job-skills training, particularly software coding

Last month, Capella spent $18 million to buy Hackbright, one of three deals this year that have pushed the Minneapolis-based for-profit education firm into a new business.

Capella spends up to $20 million for Utah firm that teaches software coding

It's the second recent deal aimed at beefing up job-training offerings.
Plans to build 50-story tower in downtown Minneapolis are a no-go

Plans to build 50-story tower in downtown Minneapolis are a no-go

Instead of the tower next to the Foshay, Franklin Street Properties Corp. will redevelop the four-story building that's already there, the TCF Building. Franklin said Wednesday it will spend up to $18 million on that building.

Capella's stock rises sharply after first-quarter results beat expectations

Capella Education Co. said its first-quarter profit fell 7 percent as expenses climbed amid an increase in students and expansion into new job-training services.The results…
Capella buys Hackbright Academy, firm that trains women in high tech, for $18 million

Capella buys Hackbright Academy, firm that trains women in high tech, for $18 million

The move is another step into job-ready skills training for Capella.

Tile Shop shares rise sharply after strong quarterly results

Executives forecast higher revenue growth and more store openings in 2016.
Trade-dependent South Korea watches rising antipathy warily

Trade-dependent South Korea watches rising antipathy warily

Koreans realize politics are at work in U.S., ambassador says.
Medtronic: New inversion rules don't affect us

Medtronic: New inversion rules don't affect us

The Minnesota company's purchase of an Irish-based firm put it in the middle of the inversion debate.
Nor-Tech powers its way ahead

Nor-Tech powers its way ahead

How a mom-and-pop PC maker went up the value chain to build clusters of computers that showed Einstein was right.

Six suburban hotels sold in $56 million deal

The seller, a New York firm, had owned the properties for just 18 months.

Docalytics, St. Paul developer of analytics software, purchased by New York firm

The company will keep its office in St. Paul and look for more programmers.
Target HR chief heads to Alibaba; retailer promotes from within

Target HR chief heads to Alibaba; retailer promotes from within

Longtime manager Stephanie Lundquist to replace Jodee Kozlak.

Capella profit dips, forms venture with CareerBuilder

Online education firm plans to divest its British unit, called Arden University.
Review: 'The Invitation-Only Zone,' by Robert Boynton

Review: 'The Invitation-Only Zone,' by Robert Boynton

NONFICTION: Journalist Robert Boynton examines a bizarre chapter in history when Japanese and other private citizens were abducted from their homelands and transported to North Korea.
Economist Pettis: China's restructuring has a long way to go

Economist Pettis: China's restructuring has a long way to go

Michael Pettis said the turmoil there rivals Japan in the late 1980s and the U.S. in late 1920s.

Loss for Regis narrows in last three months of 2015

Regis Corp. reported a narrower loss in the last three months of 2015 and sales at comparable stores rose solidly, a sign that turnaround efforts…
Minneapolis Chamber names John Stanoch, judge and executive, as interim chief

Minneapolis Chamber names John Stanoch, judge and executive, as interim chief

The Minneapolis Regional Chamber of Commerce on Wednesday announced that John Stanoch, an attorney and former judge who is now interim chief of the Science…

Cargill reveals spinoff of largest Black River unit as Proterra Investment Partners

Proterra Investment Partners will manage more than $2 billion in funds.
General Mills begins marketing cereals without artificial colors, flavors

General Mills begins marketing cereals without artificial colors, flavors

With its new ad campaign, General Mills invites you to "Love Cereal Again"
Minnesota's biggest bank firms end 2015 with solid, though not bigger, profits

Minnesota's biggest bank firms end 2015 with solid, though not bigger, profits

CEO calls U.S. Bancorp's 2015 effort "remarkable."

SPS Commerce buys Canadian data analytics firm ToolBox Solutions

SPS Commerce Inc. said Wednesday it bought ToolBox Solutions, a Canadian data analytics firm, for about $23 million in cash and stock. The deal gives…
Minnesota-based companies struggled on the stock market in 2015

Minnesota-based companies struggled on the stock market in 2015

The market is not the economy, the old saying goes. Minnesota would have been in trouble last year if it was.Major U.S. stock indexes ended…
Digital marketing veteran Rachael Marret to help lead Evantage

Digital marketing veteran Rachael Marret to help lead Evantage

Rachael Marret is the consulting firm's new managing director.
Comcast now offers fiber to Twin Cities homes, making fastest speed available

Comcast now offers fiber to Twin Cities homes, making fastest speed available

The company says it can deliver its fastest-speed service to about 400,000
Anytime Fitness, eyeing growth beyond clubs, buys app developer PumpOne

Anytime Fitness, eyeing growth beyond clubs, buys app developer PumpOne

Health club franchiser bought PumpOne to help improve the off-site experience for clients.
Wells Fargo sells Anoka-based crop insurance unit in deal worth up to $1B

Wells Fargo sells Anoka-based crop insurance unit in deal worth up to $1B

The deal with Zurich Insurance Group will near $1B for Rural Community Insurance Services, which covers 1 in 6 U.S. farmers.
Mild winter caps a rough year for Polaris

Mild winter caps a rough year for Polaris

Its stock fell 11 percent amid low sales of snowmobiles and ATVs.

Capella extends its stock repurchase program by $50 million

The online education firm is one of the most active repurchases of stock in Minnesota, buying back $280 million worth since 2008.
Twins see lots of possibilities with new player from South Korea

Twins see lots of possibilities with new player from South Korea

Byung Ho Park's arrival is a potential turning point, not just for the Twins' on-field performance but also its development as a business and an entertainment brand.
Target settles class-action suit over data breach claims for $39 million

Target settles class-action suit over data breach claims for $39 million

The settlement could set a precedent for retailers picking up the costs for breaches.

Evine Live execs reiterate plan for lower profit margins, investors sell shares

Evine Live Inc.’s plan for sales growth hinges on lower profit margins, executives said Tuesday after the home shopping company reported a wider loss in…

Carlson Cos., manager of Mali hotel, monitoring hostage-taking closely

The company quickly became a chief provider of information about the situation.

Piper Jaffray buys energy specialist Simmons & Co. for $139 million

It bought Simmons & Co. International for $139 million.

Comcast adding 400 jobs at customer service office in St. Paul

It is part of the cable provider's push to improve its highly criticized customer service.
Target offers early holiday discounts; stores open at 6 on Thanksgiving

Target offers early holiday discounts; stores open at 6 on Thanksgiving

In addition to Thanksgiving/Black Friday, the retailer creates discounts on other days.
Amid sales plunge, Stratasys signals job cuts

Amid sales plunge, Stratasys signals job cuts

The maker of 3-D printers sees diminished prospects, more competition in the business.
TDK to buy Hutchinson Technology for $126 million

TDK to buy Hutchinson Technology for $126 million

No layoffs were announced in the deal with the big Japanese electronics maker.
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